10-14-2014, 08:36 AM
Hi Daat I agree with what you're saying but here are a couple of problems;
1. UK brokerage is not as competitive as US brockerage. The 'going rate' for non frequent traders around here is around £10.
2. My broker has no inactivity fee and only a 0.45% yearly administration fee
3. I receive a monthly magazine which gives helpful tips and advice.
4. My major gripe though is that I pay 1% to re-invest dividends
- Looking at competition this also seems to be the norm with brokers who don't charge charging a quarterly 'subscription fee' of around £20
5. Cheap brokers around here have a record of poor customer service.
6. My broker offers comprehensive analysis of all company financials, p/e, divgrowth, cover e.t.c in a convenient easy to use service.
I totally agree with your advice though, it just doesn't seem like the rates are competitive here in the UK! I have E-mailed my broker asking for a concession on free trades as this has just been offered to new customers
I should get paid for being loyal right
Thanks
Lewys
1. UK brokerage is not as competitive as US brockerage. The 'going rate' for non frequent traders around here is around £10.
2. My broker has no inactivity fee and only a 0.45% yearly administration fee
3. I receive a monthly magazine which gives helpful tips and advice.
4. My major gripe though is that I pay 1% to re-invest dividends
- Looking at competition this also seems to be the norm with brokers who don't charge charging a quarterly 'subscription fee' of around £20
5. Cheap brokers around here have a record of poor customer service.
6. My broker offers comprehensive analysis of all company financials, p/e, divgrowth, cover e.t.c in a convenient easy to use service.
I totally agree with your advice though, it just doesn't seem like the rates are competitive here in the UK! I have E-mailed my broker asking for a concession on free trades as this has just been offered to new customers
I should get paid for being loyal right
Thanks
Lewys