Thinkaboutprice

Evenifyouareintoanactivetrader,youcanstilldealonlineforatennerorless。

HoodlessBrennan(£7),HargreavesLansdown(£9。

95),Ample(£10),andAmericanExpressSharepeople(£12。

50),allofferflatdealingratesonline。

ShareDealActiveandComdirectalsohaveflatrates(£9。

50and£12。

50),buttheyalsoallowyoutododealsbyphonefornoextracharge。

Otherbrokersstillchargefeesbasedondealsize。

TheShareCentre,forexample,charges1%。

Keepaneyeoutforotherchargestoo:somebrokerschargeamonthlyorquarterlyfeeontopofdealingcostsandotherschargeforinactivity。

“Checkthesmallprint,”saysAndreaPage。

Youcancomparethedealsfromdifferentbrokersonwww。

moneysupermarket。

com。

Lookforextraservices

Ifyouarereturningtothemarketnursingbearmarketlosses,youmaybekeentolimityourdownsideandautomaticallylockingains,saysAndreaPage。

AmpleandShareDealActiveofferfreestoplosses。

Youmightalsolookforabrokerthatofferslimitorders(whereyoucansetaminimumsalepriceormaximumbuyprice),suchasBarclaysStockbrokersortheShareCentre。

Doyouneedadvice?

Theonlinebrokershavetendedtosteerclearofactuallyofferingadvice,saystheFT。

Theyfocusmoreonexecution-onlybroking:youtellthemwhatyouwantandtheydoit。

However,thelikesofBarclaysStockbrokersandNatWestStockbrokersofferanadvisoryservicealliedwiththeabilitytotradeonline。

Whatelsecanyoubuy?

MostUKbrokersofferonlinetradinginoverseassharesviatheLSE’sInternationalRetailServiceforsimilarpricesastheychargefordomesticshares。

Manyonlinedealingsitesalsoofferfundsupermarketsthatofferdiscountsonafund’sinitialchargesandallowyoutosetupIsaandself-investedpersonalpensionaccounts。

HargreavesLansdown,forexample,claimstocutinitialfundchargestoanaverageof0。

25%andalsopaysoutannualloyaltybonusesonaround900funds。

ForIsas,whynotlookatShareCentre,saysShares。

ThecompanyisdevelopingaFasTrackaccountespeciallyforIsacustomers,whichoffersstoplossesandtrackingstoplosses(thesefollowthesharepriceupandatthepointthepriceturnstracksthefallfromthepeak,hencelockingingainsratherthanstoppinglosses)。

Whataboutresearch?

Selftradeisintroducinganewrangeofresearchmaterialtoincludecompanyreportsandbrokers’tips,whileAmericanExpressSharepeopleprovidesinformationon“keymarketevents”thatmightaffectportfolios,aswellaschartingtools,saysShares。

Forthosewhotrademorethan30timeseverythreemonths,italsooffersreal-timemarketdata。

BarclaysStockbrokersalsooffersa“comprehensiverangeofindependentresearch”,saysShares。

However,don’tjustuseyourbrokerforresearch,saystheFT。

Sitessuchaswww。

citywire。

co。

uk,www。

ftyourmoney。

comandwww。

thisismoney。

comareallworthvisitingtoo。

Lookforincentives

TDWaterhouseisofferingthosewhotransferfromanotherbroker£10perlineofstocktransferredupto£100,plusuptofourmonths’worthofcommission-freetrading,dependentonyourtradinghistory。

IMIWebwillcoveryourexistingbroker’stransferfeesupto£60andComdirectupto£100,whileHargreavesLansdownwillreduceitsdealingchargeto£4。

95atradeforyourfirst30dayswiththem,saysPage。

Who’sthebestonlinebroker?

OurreadersparticularlylikeComdirect,saysShares,foritsexcellentstoplossandlimitorderpolicies,plusthe“addedbonus”ofitsresearchoffering?