[shortbleu]

Hi all,

I am looking for a discount stock broker (to trade stocks, not CFDs or spreadbetting) with the following criteria:

1) The account can be opened by a UK resident.
2) The account can be funded in British pound (GBP) and only the profit/losses would be exposed to the risk of currency.
3) No inactivity or monthly fees charged (eg. interactive brokers charge inactivity/monthly fees and would not suit me).
4) The account can be opened with an amount as low as GBP 6,000.
5) I will do less than 6 trades per year and I am looking to pay
commission fee per side of USD 8 maximum or GBP 5 maximum (eg. Selftrade, E-Trade, Barclays stockbroker are too expensive)

I made some research and I found the following stock brokers: Zecco, Just2trade, but I don't know if they allow UK residents to open an account and if the account can be founded in GBP. Does anyone know if they suit such criteria?

Any suggestions of brokers following ALL of the above criteria are welcomed.

Many thanks

[shortbleu]

Can you help please?

[sevensa]

If you were a broker, would you want you as a customer?

[brownsfan019]

Originally Posted by shortbleu »

Hi all,

I am looking for a discount stock broker (to trade stocks, not CFDs or spreadbetting) with the following criteria:

1) The account can be opened by a UK resident.
2) The account can be funded in British pound (GBP) and only the profit/losses would be exposed to the risk of currency.
3) No inactivity or monthly fees charged (eg. interactive brokers charge inactivity/monthly fees and would not suit me).
4) The account can be opened with an amount as low as GBP 6,000.
5) I will do less than 6 trades per year and I am looking to pay
commission fee per side of USD 8 maximum or GBP 5 maximum (eg. Selftrade, E-Trade, Barclays stockbroker are too expensive)

I made some research and I found the following stock brokers: Zecco, Just2trade, but I don't know if they allow UK residents to open an account and if the account can be founded in GBP. Does anyone know if they suit such criteria?

Any suggestions of brokers following ALL of the above criteria are welcomed.

Many thanks

Less than 6 trades per YEAR and you want to pay like you trade 6 times per DAY.



For 6 trades per year, any online discount broker is fine. Will they meet all your requirements? Probably not.

So either suck it up or start your own brokerage firm that caters to your niche.

[thalestrader]

Originally Posted by brownsfan019 »

Less than 6 trades per YEAR and you want to pay like you trade 6 times per DAY.

But Brownie, he's a scalper!

Best Wishes,

Thales

[Dinerotrader]

Originally Posted by shortbleu »

Hi all,

I am looking for a discount stock broker (to trade stocks, not CFDs or spreadbetting) with the following criteria:

1) The account can be opened by a UK resident.
2) The account can be funded in British pound (GBP) and only the profit/losses would be exposed to the risk of currency.
3) No inactivity or monthly fees charged (eg. interactive brokers charge inactivity/monthly fees and would not suit me).
4) The account can be opened with an amount as low as GBP 6,000.
5) I will do less than 6 trades per year and I am looking to pay
commission fee per side of USD 8 maximum or GBP 5 maximum (eg. Selftrade, E-Trade, Barclays stockbroker are too expensive)

I made some research and I found the following stock brokers: Zecco, Just2trade, but I don't know if they allow UK residents to open an account and if the account can be founded in GBP. Does anyone know if they suit such criteria?

Any suggestions of brokers following ALL of the above criteria are welcomed.

Many thanks

If you are looking to make some real money, $10 USD commissions aren't going to kill you on 6 trades a year.

I have most of my personal financial business with Wells Fargo here in the USA and they give me 100 free trades per year on my trading account, my IRA trading account and my ROTH IRA trading account. That is 300 commission free trades per year and I get that every year. The price I pay is I have my mortgage, credit card, retirement accounts, checking, and savings account all with them. I do this because I like to simplify life. One bank statement and online portal that gets me to most of my finances.

See if the big banks where you live have similar offers for customers who do lots of business with them.

That's my

[sevensa]

Originally Posted by Dinerotrader »

If you are looking to make some real money, $10 USD commissions aren't going to kill you on 6 trades a year.

And if it does, this is probably not worth doing it and one can probably get a better return by just putting the money in a savings account, or buy a CD.

[BlowFish]

3) No inactivity or monthly fees charged (eg. interactive brokers charge inactivity/monthly fees and would not suit me).

As far as I am aware IB do not charge inactivity fees. They may charge data fees if you sign up for different exchanges real time data (you may not need that with 6 trades per year) Some are subject to waiver if you generate $30 of commissions.

Having said that I am not sure you can enter an order into a market that you don't have a market data subscription for. I think not so that would scupper you sadly.