It will depend on what kind of telephone dealing account you open as to what stock you can trade.
Certificated Telephone dealing accounts
You can trade all listed UK securities including loan stock. We may be able to sell foreign securities if you have a certificate or statement although we can not buy any foreign securities on a paper based account.
Telephone Crest account
You can trade all UK and foreign* crest eligible securities through your crest account. All residual securities will have to be retained by you in paper form.
Telephone Nominee account
You can trade all UK and foreign* securities including Unit Trusts and non crest securities through your nominee account.
* We can deal in certain foreign securities mainly in the European, American, and Australian markets.
For Crest or nominee accounts we can trade in foreign stocks mainly in the American, European and Australian markets. We are unable to buy most foreign securities for certificated accounts, as most countries no longer issue share certificates preferring to hold stock electronically.
Please note that we require a completed W8 Ben or W9 US Tax form prior to dealing in US securities. If we do not hold this documentation on file we will be unable to deal in US securities. Additional charges may also apply when dealing in foreign securities.
The trading hours are Monday - Friday (0800-1630), excluding Bank and National holidays.
We will confirm your trade by contract note following your telephone instruction. You will also be issued with a crest transfer form if you are selling a paper share certificate.
You can leave a limit order with us which will be good until the end of business that day. We regret we are unable to take Stop Loss orders. Please contact us for any further information.
Yes, if you inform us at the time that you wish to do so we can usually re-invest sale proceeds for you.