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What is Mifid II?

In a move designed to increase transparency, mitigate risks and help consumers in the investment sector, the UK will implement the EU’s MiFID II legislation on January 3rd 2018. As a wide-ranging piece of law, MiFID II has the potential to affect a large proportion of firms in the sector – and those not prepared by the implementation date risk having to cease trading.

What is it?

The EU legislation is the second part of original legislation introduced ten years ago, which was created to regulate firms who provide services to clients linked to ‘financial instruments’. This includes shares, bonds, units in collective investment schemes and derivative, as well as the places in which those instruments are traded.

According to the Wealth Management Association, who represent 180 firms in the sector, the standardisation of definitions of advice to those outlined in MIFID II will allow firms to mitigate risks and better help consumers.

What does it mean?

Essentially, MiFID means that many of the firms affected will have to change the way they do business in order to comply.

Advice will need to be given out more carefully, with client accounts re-evaluated once a year to ensure the advice still meets the clients’ needs.

The recording of both mobile and landline calls will be obligatory, with the information needing to be kept secure for five year period in a ‘secure and professional manner.’

Investment companies will need to be more transparent about the cost of advice, providing investors with a breakdown of charges and the ongoing costs associated with investment

What about Brexit?

As early as February of this year it was confirmed that the implementation of MiFID would go ahead despite Brexit. The legislation will continue to remain in effect until the UK officially leaves the EU, which Theresa May has confirmed will be on the 29th March 2018.

After this, the future of the finance industry depends heavily on whether the UK is allowed to keep its passporting rights, which would allow UK firms to continue to operate across the EU. As this would involve the UK remaining part of the European Economic Area, which May has said she is against, this seems unlikely. This will dictate whether MiFID will remain in force after that time, or whether it will be replaced with a UK equivalent.

So what does it mean for investors?

In the short term, MiFID is likely to improve transparency and the efficiency of the service they receive, and possibly lower costs. The terms of MiFID dictating that transparency over costs needs to be improved may, however, have a negative effect on the research bought by investment firms, who may pass these costs onto the investors rather than absorbing them themselves.

Post-Brexit, if MiFID is replaced by UK legislation, there is concern that consumer choice may be restricted as the number of funds available significantly decreases.

Seed Enterprise Investment Scheme (SEIS) Explained

The Seed Enterprise Investment Scheme (SEIS) was introduced by HMRC to help exciting early-stage businesses raise equity capital.

HMRC wanted to make the prospect of investing in early stage companies more attractive.

To encourage investors to consider investments they may have previously dismissed, HMRC offers high levels of tax relief to investors for investing through schemes such as SEIS.

Income Tax Relief 

A generous Income Tax relief of 50% is available to eligible investors who invest in qualifying companies. Shares must be held for 3 years, if shares are disposed of within this period, relief will be reduced.

Use the calculator below to find out how much you could get off your tax bill when you invest in a SEIS qualifying company.

Example:

Simon invests £10,000 in a qualifying SEIS company and receives a 50% income tax relief of £5,000.

Investment = £10,000

Income Tax Relief = £5,000

Tax bill prior to relief = £15,000

Tax bill after relief = £10,000

Simon’s tax bill was £15,000, taking into consideration the tax relief, he now only has to pay £10,000.

Capital Gain Tax Exemption

If an eligible investor has hold shares bought under SEIS, received income tax relief and dispose of the shares after three years, all gains will be exempt from capital gains tax.

If a part of the share are sold before three years they will not receive capital gains exemption or income tax relief.

Loss Relief

If the company receiving capital through SEIS goes into liquidation and the investor makes a loss on the investment, the investor would be able to claim loss relief against income tax of 45% of the net capital invested.

The calculator above assumes that when the company is wound up there is nothing left over for the investors and the investor pays the higher tax rate of 45%.

In such a case, investors’ net loss after tax relief is only 27.5% of the capital invested.

Example:

Sally invests £10,000 in a qualifying SEIS company and receives a 50% income tax relief of £5,000.

Unfortunately, the company is wound up and investors receive nothing. Sally’s capital at risk is £5,000 and she gets a 45% loss relief so her net loss is £2,750.

 

Investment = £10,000

Income Tax Relief = £5,000

Capital at risk  = £5,000

Loss relief = £2,250

Sally’s total net loss = £2,750

 

For further information, please visit HMRC.

 

Information provided is subject to change and may contain inaccuracies. Please consult a professional tax advisor to discuss your eligibility. 

Share tips and investment ideas post UK elections

Like many before her and no doubt many to come,  Theresa May took a political gamble in trying to cement her position as the leader of the UK government.

Unfortunately for her, this proved to be a catastrophic miscalculation and she ended up with fewer MPs than she did before and was forced to cobble together an embarrassing deal with the Democratic Union Party.

Brumpit markets

In the immediate aftermath, markets remained subdued with only a contained weakness observed in sterling. UK stocks largely remained resilient as the country was thrown into political turmoil and uncertainty.

The resilience of UK stocks in the wake of the shock result may have been a surprise, but low volatility has become a feature of the ‘Brumpit’ era.

During the period of Brexit and Trump (Brumpit), the FTSE 100 and FTSE 250 have repeatedly shrugged off uncertainty and moves of 1% or more have become rare.

New opportunities 

There was, however, pockets of selling in cyclical shares particularly exposed to the UK economy in the house builders and banks which could be a sign of things to come.

The selling was short-lived as markets looked through the mess created by the election and forward to Brexit negotiations.

As developments of the new government and Brexit talks were released to the market, analysts, stock brokers and traders have begun to position themselves for the world of a minority government negotiating the UK’s exit from the European Union.

Key UK stock market themes  

You can discover a range of shares that are being rated as ‘Buys’ and ‘Sells’ in the Stocks & Shares reports at the bottom of this page.

Throughout these reports, you will find that the City is focused on a number of key variables and their impact on share prices.

Sterling 

Anyone who has been following the FTSE 100 over the past year will know that London’s leading index has developed a strong inverse correlation over the past year.

Such is the correlation, some share ratings now rely heavily on the outlook for the pound.

Brexit

The manner in which the divorce talks are carried out could prove to be the biggest determinant of share prices over the next decade.

No matter whether we get a ‘soft’ or ‘hard’ Brexit, there will be companies which benefit in either scenario as certain sectors flourish while some sectors face disastrous adversities.

Value v Growth

In a market continuously making record highs, it can be beneficial to distinguish between positions aiming to exploit the inherent value in a share price and purchases made for the potential of strong growth in the coming years.

3 FTSE 250 Growth Stocks to Buy After the General Election

Special Report Covering:

  • What went wrong for Mrs May?
  • The Impact on Sterling and the UK Markets
  • Fundamental and Technical reasons behind each these FTSE 250 stock’s buy ratings

Stocks rated ‘Buy’ include; an undervalued UK leisure operator, the UK financial services company recovering from multi-year lows and a telecoms stock mid-way through dramatic reforms.

Top Stock Picks For Theresa May’s New Government

In addition, this report includes:

  • What the shock outcome means for markets
  • How sterling can now drive stock markets
  • What the election result means for Brexit negotiations and the shares in a position to benefit

Request this report now and discover the shares being tipped as buys after Theresa May pushes forward with Brexit negotiations.

Should you buy BT shares?

Time to buy BT shares?

BT is one of the UK’s most widely held shares with over 700,000 investors still holding from privatisation in 1984.

They were dealt a heavy blow 24th January when BT unveiled an accounting scandal which sent shares lower by over 20%, one of BT’s worst days in history.

The scandal was limited to a small Italian unit which accounted for only around 1% of earning before interest, tax, depreciation and amortisation (EBITDA) so the material impact wasn’t huge but the damage was done to investors’ sentiment who regarded BT as a ‘safe’ share.

The board was quick to announce they had sought out and removed those responsible to reassure investors that the problem wasn’t rife throughout BT.

CEO Gavin Patterson said of the scandal:

“We are deeply disappointed with the improper practices which we have found in our Italian business…we have undertaken extensive investigations into that business and are committed to ensuring the highest standards across the whole of BT for the benefit of our customers, shareholders, employees and all other stakeholders.”

BT reported earnings later in the week and released key metrics of how their core broadband, TV and telecoms were performing.

Shares have since stabilised and reside only a couple percentage away from intra-day lows set in January and the cheapest level since 2013.

BT PLC Special Report Topics:

  • Should you buy after the recent drop?

  • The impact of the Italian scandal on the wider business

  • Technical levels of key share price support

  • Is the acquisition of EE start bearing fruit?

  •  Key drivers of earnings in 2017/2018

Download your free BT PLC special report now for the latest research from leading City Analysts.


Copyright Fat Prophets® is a registered trade mark/trading name of Mint Financial (UK) Limited, which is authorised and regulated by the Financial Conduct Authority, Number 220591, registered in England and Wales, Number 04255908, with a registered office at 100 Fenchurch Street, London, EC3M 5JD. (www.fatprophets.co.uk)
DISCLAIMER The views and opinions expressed herein are for information purposes only. They are subject to change without notice, and do not take into account the specific investment objectives, financial situation or individual needs of any particular person. They should not be viewed as recommendations, independent research, or advice of any kind. The views accurately reflect the personal views of the author. They are not personal recommendations and should not be regarded as solicitations or offers to buy or sell any of the securities or instruments mentioned. The views are based on public information that we considers reliable but does not represent that the information contained herein is accurate or complete. With investment comes risk. The price and value of investments mentioned and income arising from them may fluctuate. Past performance is not an indicator of future results, and future returns are not guaranteed. We acknowledge an individual’s tax situation is unique and tax legislation may be subject to change in the future.
To provide you with the requested information we will need to contact you using the details provided above, by entering your details you agree to be contacted by Investment Superstore regarding this information and similar educational and promotional material from Investment Superstore. 

More Stocks & Shares Reports:

The UK’s Booming Student Property Market

The Student Property Sector

Knight Frank, the UK’s leading real estate consultancy, said it expects the student property market’s total value to reach £42.5 billion in 2017.

The market UK purpose-built student accommodation (PBSA) is being driven by government focus on higher education and demand from international students seeking places in Britain’s world class universities.

Knight Frank’s Student Property Team said:

‘as our sector continues to mature, and becomes increasingly recognised for its resilience in uncertain times, we anticipate continued appetite from global capital next year. As we look to 2017, rental growth, strong demand from domestic and international students and a healthy development pipeline are set to be the defining factors in the sector’s success.’

Investor demand for student property is understandable. Research has found both capital gains and income from student properties outstripped retail, office and industrial properties since the beginning of 2015.

The high returns on offer have attracted some of the worlds largest asset managers into the sector; Blackrock, Aviva and Henderson have all made investments in student property since 2015.

Despite the strong presence of institutional investors, student property is an investment very much available to private individuals.

Low interest rates and the high yields offered by PBSA are drawing private investors to the sector and there are a number of specialist student property companies who are assisting individuals investors get a foothold in this rapidly expanding market.

Most companies catering for private individuals offer fully managed services and can assist with the re-sale of the property when you decide to eventually sell.

Below you will find brochures for selection of student accommodation located up and down the UK.

 

How To Trade Better in 2017

Enhance your investing in 2017

2017 is set to be an exciting year in markets for those investors who can plan and execute their strategies successfully.

Trump is shaking up the US economy and Theresa May navigating Brexit, which if either ‘soft’ or ‘hard’ will likely provide significant opportunities for investors.

Whether you are a long term ‘buy-and-hold’ investor or a short-term trader, setting a plan and sticking to will be key in 2017’s financial markets.

Successful traders and investors know that while there are many different strategies and roads to profitability, the path each individual takes must be right for them and no two investors are the same.

To help investors of all levels walk their own path to investing success we are presenting ‘The Way to Trade Better’, a leading investing book by John Piper.

Piper’s book covers the key elements to any investing strategy including; Trading Systems, Money Management, Psychology, Good and Bad Habits, and Trading Professionally.

Putting all this together, The Way To Trade Better is a complete guide to improving your trading and achieving better and more consistent profits.

This ebook is free to The Investment Superstore community for a limited time only and usually RRP’s at £30.99. Please follow the link below to request you copy now.

On download you will be able to read the eBook on your Kindle, iPad, iPhone, PC/MAC and Andriod Device

“John Piper’s book is so valuable. It comprehensively covers the territory of objective trading within a highly subjective environment, and it is easy to understand…a potentially life-changing book”- Tony Plummer, author of Forecasting Financial Markets

Free Download, No Payment Required

In The Way To Trade Better John Piper returns to the fundamental topic of transforming yourself into a winning trader.

Building on more than 30 years of frontline trading experience and over two decades of teaching and coaching, he explains how winning at trading involves turning your trading into a business.

To do this, you follow a five-step process:

1. Focus
2. Style
3. Right Trading
4. Right Size
5. Successful Habits

John Piper guides you through these five stages and delves into essential areas that every winning trader needs to master, including Trading Systems, Money Management, Psychology, Good and Bad Habits, and Trading Professionally. Putting all this together, The Way To Trade Better is a complete guide to improving your trading and achieving better and more consistent profits.

Whether you are brand new to trading or have some experience and now want to move to the next level, let John Piper shows you The Way To Trade… Better.

Terms, Risk Warning & Disclaimer:

This report is sponsored by Clear Capital Markets Ltd of 9 Devonshire Square, London EC2M 4YF, which is authorised and regulated by the Financial Conduct Authority, No. 706689. Trading in equities may not be suitable for all investors. The value of investments and any income from them can fall as well as rise, and you may get back less than you invested. An investment’s past performance is not a reliable indicator of future performance. Tax allowances depend on your personal circumstances and the benefits of tax-efficient accounts could change in the future. Before you begin to trade, you should obtain details of all commissions and other charges. You should make sure you can afford any potential losses before you begin to trade. Make sure you fully understand the risks involved and seek professional financial advice is necessary. If you are in any doubt, please seek further independent advice. Any person placing reliance on the report to undertake trading does so entirely at their own risk and CCM does not accept any liability as a result. Information and research produced by CCM does not constitute a recommendation or offer to make a transaction in any derivatives or securities, and is intended to be general in nature. This report is prepared and distributed for information purposes only.

Stocks & Shares Tips & Guides:

33 Shares to Buy for 2017

Background to 2017’s 33 Share Tips

As is the case with many things in life, timing is everything in markets. In this instance, we think that the prospect for financial markets in 2017 was largely set by the major events that unravelled in the second half of 2016.

In essence, while we are programmed in markets to set out our respective stall based on calendar and/or financial year-ends, the reality is that life operates on a continuum and is thus to a large extent guided by recent historical events.

Key Market Themes For 2017

For this reason, we expect two key themes from 2016 to have a significant influence on how financial markets perform in 2017. First and foremost in our view is the election of Donald Trump as America’s 45th President.

For evidence of the impact that this is going to have on markets, Members need not look any further than the recent price action in the US dollar and US bond yields, the latter of which has perhaps not surprisingly been inversely correlated to what is happening in US equities. In essence, the election of Donald Trump has boosted US interest rates and steepened the yield curve.

Dollar Strength

While we think this is a sign of things to come, the great rotation from bonds to equities is unlikely to be a linear or orderly progression, with the elephant in the room being the Federal Reserve’s stress tolerance to a higher US dollar index. The fact that the Federal Reserve’s December meeting yielded a dovish tone in our view highlights this risk.

This is likely to mean that the Federal Reserve will be willing to let inflationary pressures build up (to a certain extent and from a current low base) in order to keep US dollar strength from derailing the economic recovery in the US.

To do this, the Federal Reserve will seek to keep the effective federal funds rate at a level that would otherwise be considered too low relative to key targets such as underlying inflation, employment, wages growth, and economic activity.

By virtue of the US dollar being the default international currency and a major economic hub, the prospect of higher US inflation represents a major theme for global markets, including Australia.

In fact, part of the reason for expecting the Federal Reserve to opt for keeping the federal funds rate low is to counter the prevailing actions of other major central banks, such as Bank of England, Bank of Japan, the ECB, and the People’s Bank of China

Download 33 Share Tips PDF Report:

Download the full ‘2017 Outlook’ containing 33  Share Tips for free now:

Copyright Fat Prophets® is a registered trade mark/trading name of Mint Financial (UK) Limited, which is authorised and regulated by the Financial Conduct Authority, Number 220591, registered in England and Wales, Number 04255908, with a registered office at 100 Fenchurch Street, London, EC3M 5JD. (www.fatprophets.co.uk)
DISCLAIMER The views and opinions expressed herein are for information purposes only. They are subject to change without notice, and do not take into account the specific investment objectives, financial situation or individual needs of any particular person. They should not be viewed as recommendations, independent research, or advice of any kind. The views accurately reflect the personal views of the author. They are not personal recommendations and should not be regarded as solicitations or offers to buy or sell any of the securities or instruments mentioned. The views are based on public information that we considers reliable but does not represent that the information contained herein is accurate or complete. With investment comes risk. The price and value of investments mentioned and income arising from them may fluctuate. Past performance is not an indicator of future results, and future returns are not guaranteed. We acknowledge an individual’s tax situation is unique and tax legislation may be subject to change in the future.
To provide you with the requested information we will need to contact you using the details provided above, by entering your details you agree to be contacted by Investment Superstore regarding this information and similar educational and promotional material from Investment Superstore. 

Stocks & Shares Tips & Guides:

Where to invest in 2017?

Following a tumultuous year for markets in 2016, 2017 promises just as much gyration despite a record-breaking start to the year.

The FTSE 100 broke to record highs day after day as the weaker pound drove exporting shares to new highs.

This was a near mirror image of the rally investors enjoyed subsequent to the vote to leave the E.U. In dollar terms, many companies plummeted and overseas firms took advantage of this to swoop in with takeovers of Arm Holdings and Sky.

In dollar terms, many companies plummeted and overseas firms took advantage of this to swoop in with takeovers of Arm Holdings and Sky.

A Year of Takeovers?

Takeovers of London-listed shares may be an ongoing theme for 2017 as mergers and acquisitions drive significant returns for investors in a market where valuations are becoming stretched and equity returns dispersed.

Shares in companies that are subject to takeover attempts can produce extraordinary returns in the short-term. For example,  Sky shares rose over 25% in one day when Rupert Murdoch’s 20th Century Fox announced his plans to buy Sky for £18.5bn.

The media is awash with predictions of the companies likely to be taken over and every broker you speak to will likely help with reports on a selection of potentials.

Emerging Markets

Due to the rich valuations of developed market equities, some analysts are looking to emerging markets for investment in 2017.

Emerging markets traditionally offer chances of higher growth but have higher volatility than developed markets such as the UK and US.

This may deter investors from investing in single emerging shares, thankfully there is an ever-growing range of diversified funds available to investors which offer exposure to companies listed in emerging markets such as China, Latin America, India and Russia.

However, in some circumstances, these funds can be expensive and many companies listed in London, for example, provide direct exposure to overseas companies through their operations.

Such stocks tend to be found in the commodity sector due to the high consumption of natural resources by emerging markets.

Commodities

Oil plummeted in early 2016 only to push higher throughout the year. Some FTSE 100 blue chip oil companies more than doubled from their lows and many analysts are still rating oil stocks as ‘buys’.

This can also be said of mining companies. Copper and Iron Ore staged recoveries in late 2016 and buoyed FTSE 100 miners, a couple of which managed to maintain high dividends despite low metal prices throughout 2015.

As an investor, it is important to explore as many options as possible and gain as much information as you can. Some may choose to do this through self-directed information gathering, some may prefer to speak to an adviser.

Which you category you fall into, we are confident you will find the free reports below useful.

Crowdfunding & Peer-to-Peer Lending

The World Bank has predicted the Crowdfunding industry will be worth $95 billion by 2025 and Goldman Sachs said in a report $1.2 trillion of opportunities could be addressed by Crowdfunding in the coming years. 

Crowdfunding is one of the foremost fintech innovations and is set facilitate cultural as well as economic transformations.

Side-stepping traditional finance

Crowd-based funding sidesteps traditional financing methods such as banks and private equity to give investors of all levels the opportunity to invest in exciting young start-ups and growth companies.

Crowdfunding and Peer-to-Peer are similar in as far as finance is raised outside of mainstream channels but they do have fundamental differences.

Equity and Debt Crowdfunding

Crowdfunding comes in two forms; debt and equity.

Equity Crowdfunding is where an investor receives shares in a business in return for their investment. The investor is typically aiming for the company to start paying significant dividends or for the company to be sold at a higher valuation.

Debt Crowdfunding

Debt Crowdfunding often comes in the form of mini-bonds which pay interest to those who lend the company money.

Unlike Equity Crowdfunding, Debt Crowdfunding doesn’t provide the investor with a stake in the company so investors are not eligible for any dividends or any proceeds from the sale of the business.

Debt Crowdfunding is fundamentally the same as Peer-to-Peer Lending apart from the methods it is marketed and the parties involved in the investment.

Debt Crowdfunding is largely promoted as such by platforms traditionally specialising in Equity Crowdfunding and will tend to have a ‘crowd’ of people invest.

Peer-to-Peer Lending 

Peer-to-Peer Lending (P2P) facilitates lending to both companies and individuals.

The businesses or individuals who are borrowing the money are rated by the platform and the interest rate the investor receives reflects the risk of lending to that individual or business.

High Returns

The attraction to Crowdfunding comes in the form of higher than average returns than traditional methods of investing.

Taking Equity Crowdfunding as an example, investors are investing in early stage companies and providing seed capital.

By investing in early stage companies by Equity Crowdfunding, investors are seeking high returns when that company is eventually sold or listed on the stock market at many times the valuation at which they invested.

Camden Town Brewery raised £1.5m in Equity Crowdfunding in July 2015, valuing the business at £28m. By December the company had been bought by AB InBev for £85m, netting investors a healthy return.

Risks

High returns, of course, come with a risk. Not all companies will make it to a flotation or trade sale so the investor’s capital can be tied up for years or even lost if the company fails.

Bank beating yields

Peer-to-Peer Lending interest rates can far exceed those offered by banks or even high-yielding stocks. This makes them an attractive investment for income seekers in today’s low-interestst rate environment.

However, as with all investments, P2P investing comes with the risk of default by the borrower.

Platforms have stringent parameters in place to assess risk and interest rates are set accordingly. Loans perceived to be higher risk will have a higher interest rate.

How do I invest?

Crowdfunding is facilitated by platforms where businesses create ‘pitches’ of thier ideas and investors conduct due dilligence.

Most companies raising finance by Crowdfunding will be more than happy to speak to individual investors and answer any questions they may have.

Each platform has their own processes in place to ensure investors are not being mislead and will help with the issuing of shares.

For a review of a selection of the UK’s leading Crowdfunding and Peer-to-Peer platforms, please visit our comparison.

Market Makers, Direct Market Access and how to get transparent pricing

You may be surprised to learn that when you place a trade on your share dealing platform, unless it offers DMA dealing, it doesn’t go directly to the London Stock Exchange.

This is because most retail share dealing platforms will use the Retail Service Provider (RSP) method of executing trades.

Retail Service Providers

RSPs are market makers that provide liquidity to retail share dealing platforms and are ready to buy or sell your order at any time.

When you place an order to buy or sell your broker will electronically send your order to a group of RSPs and await the best price to be returned. This happens in milliseconds and you are usually given 15 seconds to accept the price.

Keeping your options open

Here comes the benefit of having more that one broker. Not every share dealing platform will use the same RSP and some will access a larger pool than others.

If you have more than one broker you can enter orders and see who is giving you the best price without being obligated to buy or sell.

This can be great when you are trying to buy a stock with lower liquidity and in times of volatility because having access to a range of different share dealing platforms means you can check whether you are getting a good price by comparing quotes of each platform.

DMA Level 2

Getting a good price is important to all investors. Nobody wants to pay more than they have to for their securities.

But how do you ensure you are getting the best possible price?

One way to help do this is to use Direct Market Access (DMA). Share dealing providers such as IG provide Level 2 data and the functionality to deal directly into the markets without the involvement of a RSP.

Level 2 data shows the order book of a stock where you will be able to see the orders that make the ‘spread’.

The spread is the price at which you can buy and sell and is made up of lowest offer and the highest bid.

Having access to this greatly improves transparency when executing a trade because you will be able to see how many shares are available to be bought at a particular price.

Gaining insight into Level 2 data on one share dealing platform can help when executing a deal via RSP on another platform.

You may have experienced a re-quote or even been told you can not execute a trade when using a RSP. This is obviously frustrating and can be costly. If you have access to Level 2 data you will know why this is happening and can adjust your trade accordingly.

Limit Orders

In this situation it may be worth using a limit order to enter a trade. In fact, using a limit order with Level 2 when entering into any trade can help to get a better price.

You will pay no more that the price you enter as the limit order price and avoid re-quotes and paying high prices when liquidity is low.

By using DMA limit orders you become a ‘price-maker’ instead of a ‘price-taker’.

Share dealing platforms such as IG and Hargreaves Lansdown offer the use of limit orders for free.

To visit IG for more information on DMA share dealing, please click here.

Many advisory brokers will also offer limit orders for free and can quickly tell you sensible levels to enter a limit given recent trading activity.

Share Dealing Price Comparison:

Below you will find a comparison of leading share dealing services. IG Markets is one of the only platforms available in the UK which allows individual investors to trade shares with Direct Market Access.

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**The Share Centre charges 1% for standard accounts that do not pay £20+VAT per quarter

*** Nutmeg doesn’t offer individual share dealing instead their experienced investment team invests your funds in a diversified portfolio.

The above rates are subject to change. The above table uses each providers headline rate, please review the details of each companies charging structure below.