Stocktrade Crest Account
This may be of interest to investors who require the ease of an electronic dealing system but for their name to appear on the shareholders register.
Low Commission Rates from ½% min £15.
Who may have a Crest Personal Account?
This type of account is available to those individuals or joint applicants wishing to deal over the telephone who are resident in the UK or the European Economic Area (EEA).
Features of the Crest account
- Crest is the electronic settlement system through which the London Stock Exchange settles bargains
- Participating shares (i.e. CREST eligible) are held electronically
- Your name appears on the shareholders' register
- You receive company information direct from the Registrars to your home address
- Dividends can be mandated to a nominated bank account or sent direct to your home address
- Settlement period from as short as T+3
- Settlement is easier, more convenient and more secure as no paperwork is involved
- Settlement can be via funds held in a Deposit Account* with us or by debit card
- Statement of Transactions issued quarterly
- List of holdings issued every April
- You can trade in CREST eligible foreign stocks**
- Your CREST Fee is £10 per annum
- No charge by us for transferring stock from another broker to Stocktrade.*** Please note your existing broker may charge you for transfers
- Once your account is set up you may pay for purchases and/or 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
- If you wish to transfer foreign holdings you have in certificated form into your CREST account, this will incur a charge of £50 per holding. All other transfers into your CREST account are at no charge
* The Stocktrade Deposit Account is a customer's money account held at an approved bank
** Additional £20 foreign charge will apply
*** Your existing broker may charge for this transfer
Commission Rates
| |
Rate |
Minimum |
Maximum |
Minimum Up to |
Maximum From |
| Telephone |
0.5% |
£15 |
£60 |
£3000 |
£12000 |
Additional Information
- 0.5% Stamp Duty on UK share purchases (1% on Irish share purchases) payable by the purchaser.
- A £1 Panel on take-over and mergers (PTM) levy is charged on all bargains where the consideration is over £10,000. This is to generate income for the PTM, which promotes good behaviour in managing takeovers and mergers.
Before proceeding please read our risk warnings
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