Cheapest Online Share Dealing
Share dealing is not necessarily cheapest when done online. Typical transaction charges for online share dealing range from approximately £7 to £15. The range here is often reflective of the level of service offered by the online share dealing platform, and whilst the £7 option may be cheapest, it does not necessarily reflect the best value.
In our experience, Hoodless & Brennan and Hargeaves and Lansdown are two of the cheapest and best online share dealing services on the internet. We thoroughly recommend their services, especially for UK share dealing transactions. Both these services offer very good execution and offer a good range of fundamental and technical trading alaysis tools which are certainly worth using.
There are many share dealing websites online that will claim to be the cheapest, but we always stress that the word cheapest is very narrow in its definition. For example, a porsche priced at £100k may not be cheap, but it is when it comes with another one for free. Whilst some sites claim to be the cheapest, they will often cut corners on the quality of the ancilliary services they offer which ultimately results in lower value.
If you have access to online share dealing analysis tools and are looking simply for decent execution and the cheapest transaction costs, you may well be best placed pursuing these particular sites.
Indeed there are many online share analytical tools that can be accessed for free. For example yahoo and google finance offer sector analysis on a number of different markets where relative valuation metrics can be obtained, such as price-earnings ratios, enterprise value ratios and earnings growth analysis. Some even offer beta and historic volatility estimates.
If you think you have found the cheapest online share dealing platform and you’d like us to know about it, please get in touch with us via our online contact form. We, as always, would be very pleased to hear from you. Also if you’d like some advice regarding the cheapest online share dealing platforms, please get in touch and we’d be more than happy to help.