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Posted by Lammo in Some good news for Investors and Traders everywhere today: One of the world’s largest, and certainly one of the UK’s most popular stock brokers TD Waterhouse have cut their commission rates on all trades
Holders of a TD Waterhouse account can now buy and sell shares an pay a flat fee of just £9.95 per trade (previously £11.95) For heavy Day Traders this could mean a saving of several hundred pounds per month, and even for the casual Investor, it gives you a little bit more to play with on the margins, particularly if you Invest the £2 that you would have spent on commission.
TD Waterhouse’s online share trading accounts hold your shares electronically in a nominee name. When you open an account with them, you’ll access to your account 24 hours a day, either by telephone or online.
TD Waterhouse provides two primary online share dealing accounts. The Trading Account is great if you are a regular trader and interested in UK shares. The Trading Plus Account on the other hand is ideal for those more experienced investors ho may be interested in trading international equities, warrants or covered warrants.
TD Waterhouse are one of the world’s most experienced brokers, with more than 3 million accounts worldwide.
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I would beg to differ. The service levels are terrible. As soon as the markets are busy, their website goes down and you end up 15-20 mins on the phone trying to deal. I have closed my account and moved elsewhere, only to find that in the small print you are charged for closing the account. The fees are in excess of 10 trades for closing so as long as they have new clients coming along every so often they dont care!