Your investments are not guaranteed; they can decrease in value as well as increase and you may not get back the full amount you put in.

 Virtual PortfolioMobile TradingAnnual FeeFrequent Trader RateCharge per TradeTransfer 
Out FeeIn Fee
Share Dealing
Hargreaves Lansdown
Vantage Share Account
Transfer offer: Up to £1000 cashback when you transfer ISA's, funds, shares or pensions by 5th of November. (terms apply)
You can manage all your investments online, over the telephone, or via our free apps for iPhone, Android™ and iPad. No inactivity fee. Free to hold shares and super low fund charges. Free live share prices, continually updated.
The Share Centre
Share Account
£18 + VAT£7.50
per deal (min £7.50)
Barclays Stockbrokers
Trading Account
Invest in funds, shares, gilts, bonds, ETFs & ETCs. No fee if you trade during the quarter & Barclays Stockbrokers Price Improver gives you the most competitive price when you buy/sell UK stocks/shares. Investment values can fall & your capital is at risk
TD Direct Investing
Trading Account
*£0 transfer in fee for UK stock. **£25 per holding for stock withdrawals. No fee for account closures. Your capital is at risk.
Invest in UK & International shares, AIM stocks, funds, gilts & bonds on our award winning online & mobile platforms. No fee if you trade during the quarter, have a portfolio value over £15k or have a TD ISA / SIPP linked to this account. Capital at risk.
Interactive Investor
Share & Fund Account
*£20 per quarter gets you two £10 trades and a Stocks and Shares ISA for free.
AJ Bell Youinvest
Dealing Account
Deal online from just £4.95 per deal. Market leading investment range. No set up charge. No account charge. No inactivity fee.
Trustnet Direct
Share Dealing Account
0.25% (capped at £200)£6£10
Saxo Capital Markets
Share Dealing

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How to Save Money when Share Dealing

by DominicJ from

If you're new to share dealing or just tired of costly charges you'll want to find the cheapest share dealing account that lets you trade for less. We look at the cheapest ways to trade shares so you can keep more of your profits.

Shares Graph Man

How does share dealing work?

If you're new to share dealing, have you thought of the reason why you want to start dealing in shares? Deciding what you want before you begin your hunt for the cheapest share dealing service will put you on the front foot immediately.

Discovering which share dealing account is the cheapest will come down to the type of share dealing you wish to pursue, the values of your funds and how you want to deal in shares - the most common include:

  • Phone dealing
  • Post dealing
  • Shared dividend reinvestment

How much does share dealing cost?

The majority of share dealing sites will offer cheaper charges the more you invest with them.

Some sites will charge you per deal, which is when you invest. There will be set charges for every time you deal, but the more deals you complete the cheaper they will become for the next month.

Many share dealing sites offer reduced deal charges when considering how many deals you had completed in the previous month and this means that you will save money on deal charges if you wish to complete multiple deals every month.

Any transaction that goes through your share dealing account will be liable for an annual management charge of around 0.45%, depending on the account you use.

Once you have decided how you want to use your share dealing account you will be in a great position to shop around for a competitive price.

How can you find a cheap share dealing account?

Finding the cheapest share dealing account heavily depends on how you wish to conduct your share dealing activity.

If you plan on making a few deals then you can find an account that charges the lowest amount of money per deal, and if you are planning to trade on a regular basis you can find a share dealing account that will reward you with cheaper charges per deal.

How you arrange your trades can also affect the price, for example, if you complete a limit order you will not pay an extra charge if done online, however a charge would apply if done over the phone. A limit order is when you agree to buy or sell a share when the price drops to, or below, a price set by you. You will still pay a trade fee but this can be a great way to control the costs when dealing with shares.

If you plan to make a small number of deals for large amounts, you may want to consider finding a share dealing account that charges deal based amounts, but also an account that has a low annual management charge.

Does using cheap share dealing restrict cost you in other ways?

It is easy to get carried away with the basic charges, but it is important that you also compare all charges associated with share dealing.

Government taxes are applied to your share dealing activity, this can be as little as 0.5%.

Share dealing is dealing with calculated risks; you buy shares and sell shares. Whether you make or lose money on those shares is often completely out of your control so consider the risks in addition to the cost of set charges.

Will you be able to use different cheap share dealing companies at once?

You are not restricted to how many or how often you wish to share deal with multiple share dealing companies. You may wish to use a variety depending on the type of share dealing you wish to take on, spreading your risk between several companies.

Each account will have their own individual charges which you will need to research before spreading your share dealing activity between them. Using one site for regular transactions will reward you with cheaper fees so consider the cost of using multiple companies at once.

Can you shop around to find cheap share dealing offers?

Once you have determined how you wish to pursue your share dealing activity then you will be in a strong position to compare a variety of offers so you can find the best deal for your needs.

You can use our comparison table to find cheap share dealing websites, within each account they have their own individual systems which will require you to generate an account with them before starting trading.