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Provider: shareDeal active
Verdict: ShareDeal active is Jarvis’s low-cost no-frills execution-only stockbroking service. Though this may be a new name in broking to many, the parent company Jarvis Securities PLC is a well-established Aim-listed investment management and nominee company, that offer outsourced services, including clearing, nominees, SIPP accounts, and investment ISA management, plus their associated back-office functions, to brokerages, investment, and wealth managers.
Summary
shareDeal active offer Nominee, Stocks and Shares ISA, and SIPP accounts, they offer single name and joint accounts where permitted. You can also move existing shareholdings and investments across to shareDeal active from another stockbroker free of charge should you wish to.
shareDeal active offer access to all major international markets so pretty much anything is the answer to that. Although if you are investing or trading via a SIPP or ISA you‘ll need to make sure your stock choices are eligible for inclusion in those vehicles. You can trade online or via phone through the firm’s dedicated dealing desk.
There is just one flat fee of £9.50 per trade and there are no inactivity fees there are fees for transferring stock out of shareDeal active nominee accounts however of £10.00 per line.
Pros
- Fixed Costs
- Owned by Jarvis
- Established Broker
Cons
- Expensive for small trades
- Limited International Investing
- Platform Looking Dated
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