Hi jjb71uk yup guess so. funny enough i was going to open up with HL a while back but chose bestinvest who offer an identical service but without the option to trade in o/seas stuff. i know folks with HL accts and they are very happy with them. they do have an excellent rep as far as i know and lets face it its costs nothing to open an acct. also its going be very easy to use etc nothing complicated and all on line thru good old debit cards. i know there's other platforms out there but tbh im not trading all day long so HL will do for me i think. also HL aren't just for share dealing its the whole shabband with funds, inv trusts sipps etc etc
HL accounts can be opened on line and you can trade almost immediately or rather buy immediately however be warned you CANNOT book any sell trades until you hace completed the compliance/AML docs which takes a while as formss need to posted etc
HL ok all good with HL and nasdaq not ssure about all the fees yet will have to check with their website but its about 12 qquid to trade overseas stocks plus a commision % based on the value which ranges from between 0.4- 1.5 % i think. there's no charge for holding equities outside of an ISA, in other words in an investment acct whereas bestinvest charge about 15 quid per quarter. just need to do some maths re example trade. HL have NO issue with accepting receipts via corp actions either which is good news plus of course there a fund platform to
for eg im not bothers about saving miliseconds when i trade as long as its quick enough as im not trading volumes however what i dont want is to be ripped off on either the exchange rate itself which is hairy enough being the euro or the commision they charge in doing the fx. actualk trade charges dont bother me either as they are all between 8 and 15 quid and i dont do that many
saxo on line trading is another i will look into
Need new broker hi there's plenty out there, interactive bro's, barclays, TD, etc its just finding the one nthat suits you best
RE: Quiet yes me too would be good to get other exchanges i would also like to get into the US... barclays have a platorm but the problem with them is that they can only hold in GBP so you have to pay 1.5% fx when you buy anything and then another 1.5% fx fee when you sell. they told me that they hope to change this but it wont be yet.
NASDAQ morning all: well im going to be looking into opening an account somewhere that let me trade and hold postions in NASDAQ Europe and also in the US. Currently I just use BESTINVEST sor shr dealing whch holds my other stuff also however they are limited to the UK only. have no idea how this works and would guess that the trades themselves dont cost that much more its more about the rate you get when you want to draw funds back to the UK and what the FX charges are. I would also want to see the val of my positions in GBP. Personally I think the EUR as a currency could easily tank badly as so many EUR countries are far up to the eyeballs in debt and are on knife edges that needs to be factored in as well , I GUESS, no expert here so all comments very welcome. I will update any findings etc re trading alternatives in due course
Still if all fails I will at least be left a distinctly larger b--ocks than I had before buying this stock