Share dealing is growing in popularity. There are a number of options, however, regarding HOW to engage in the buying and selling of shares, each with relative strengths and weaknesses.
TELEPHONE
The usual process is as follows: you give the Dealer your name, your personal sharedealer ID and your instructions to buy or sell. You'll be taken through certain security checks to verify your identity. The Dealer will confirm your order while you are on the phone. The Dealer will carry out the deal for you at the best available price - unless you instruct to buy or sell only at a certain price by giving a Limit Order.
You will then be sent a contract note confirming your deal and advising you how to settle your trade.
ONLINE
The same process as above is performed but via online means. The same structure in terms of payment usually applies, although it is normal for some commission rates to vary.
In both cases various taxes and commission rates apply. The latter is the fee payable to the Dealer organisation for performing the trade.
Please do not hesitate to contact us for more information.
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