Internet Nominee Account
This may be of interest to frequent traders who wish to deal in a wider range of investments including foreign securities and Unit Trusts.
Low rates from 0.4% Min £14.50 changing to 0.2% Min £14.50 after 50 trades
Star Trader Commission of 0.2% £14.50 after 50 trades
Who may have an Internet Nominee Account?
This type of account is available to those individuals or joint applicants wishing to deal over the Internet.
Features of the Internet Nominee Account
- Shares are held in our Nominee Company name
- You remain the beneficial owner of the shares held in the Nominee account
- All administration handled by the company on your behalf
- Ease of settlement - increased security as no paperwork involved
- Settlement period from as short as T+1
- Funds held on deposit at an approved bank. The interest paid on these funds increases as the balance on deposit increases
- Dividends are collected on your behalf and credited to your account with Stocktrade*
- Dividends transferred to a nominated bank/building society quarterly on request
- Consolidated tax certificate sent to you at the end of each tax year
- You may trade in Foreign stocks** over the telephone
- Nominee fee of £12 + VAT per quarter
- No charge by us for transferring stock from another broker to Stocktrade***
- Once your account is set up you may top up your Deposit Account via debit card (Switch, SOLO, Delta, or Connect) - please note that your initial deposit must still be made by personal cheque
- Can trade Unit Trusts and OEICS
* The Stocktrade Deposit Account is a customers money account held at an approved bank.
** No additional charge for dealing CREST eligible foreign stock. Additional charge of £50 for foreign stocks that cannot be held in CREST. We will inform you of any additional charges before dealing.
*** Your existing broker may charge for this transfer.
**** Only available after 50 trades.
Commission Rates
| |
Rate |
Minimum |
Maximum |
Minimum Up to |
Maximum From |
| Regular Trader |
0.4% |
£14.50 |
£50 |
£3625 |
£12500 |
| Star Trader**** |
0.2% |
£14.50 |
£50 |
£7250 |
£25000 |
Additional Information
- Government Stamp Duty of 0.5% is levied on all purchases
- Irish Stocks have Stamp Duty of 1%
- A £1 PTM (Panel on takeover and mergers) levy is charged on all bargains over £10,000
Before proceeding please read our risk warnings
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