Hi Charlie... welcome.
Don't worry about about iDealing not being linked to a major... i'd be more worried if they were.
Seriously i can't see that being a concern...they do not hold any of your money.
Reassuring to hear. Actually I have no fears about iDealing either, I just felt it was only fair to express concerns I've seen posted elsewhere from time to time.
Stockholdings are clearly safe, but any delay in sorting out a collapse at iDealing could effectively preclude one from trading ones stocks for some time, and that would be a worry. I'm not trying to scare monger, I do a lot of business with them, and have accepted the marginal additional risk associated with a small, privately backed broker.
I note that this thread appears to have dried up several years ago, I just wondered, that with the "demise" of Schwab if it was worth looking at peoples thoughts on the current availablility of Internet dealers. This is of particular interest to me as I am currently with Schwab and would be interested in the views of others out there with regards to service and prices etc.
I'm also with Schwab, and so this concerns me too. I also have an account with Comdirect, and in general they are good.
However, there are weaknesses compared to Schwab. Comdirect, and most other online brokers are fine if you are trading liquid stocks, such as SETS stocks, and are not trying to trade at or near the NMS on stocks with wideish spreads. Schwab consistently get me better prices on larger quantities than Comdirect manage in these cases.
Also Schwab automatically send me all correspondence, reports etc from all the stocks I hold, which Comdirect won't do.
Both of these are probably not issues that affect those who trade rather than hold for longer periods, so they may not affect you. If they don't I'd have no problem recommending Comdirect. However, if they do matter, I haven't been able to find an online broker who can match what Schwab provides, so for now I'm just going to have to wait and see just what they come up with.
ok to join and use two or three diff online brokers?
I made a coupla trades with selftrade.
Then i discovered hoodless brennan, and made my latest trade with them.
Hoodless is slightly cheaper. For the normal trade cost.
I bought some shares yesterday. Eg the price on yahoo finance and on selftrade was 6.15p
but the price on hoodless was 6.25p.....why is this? were they compensating for the reduced commission cost, so bumping the price to buy a little?
Also one of my stocks on selftrade was valued at £715, but when i tested this, and tried to sell it, i was offered like £680, after a few attempts. If it is valued at £715 market value, why was i getting offered a much less offer, when selling????