Internet Crest Account
This may be of interest to investors who require the ease of an online electronic dealing system but for their name to appear on the shareholders register.
Low rates from 0.4% Min £14.50 changing to 0.2% Min £14.50 after 50 trades
Star Trader Commission of 0.2% £14.50 after 50 trades
Who may have a CREST Personal Account?
This type of account is available to those individuals or joint applicants wishing to deal over the internet and who are resident in the UK or the European Economic Area (EEA).
Features of the Internet CREST Account
- CREST is the electronic settlement system through which the London Stock Exchange settles bargains
- Participating shares (i.e. CREST eligible) are held electronically
- Your name appears on the shareholders' register (UK registered stocks only)
- You receive company information direct from the Registrars to your home address
- Dividends can be mandated to a nominated bank account or sent direct to your home address
- Settlement period of T+1
- Settlement is easier, more convenient and more secure as no paperwork is involved
- Settlement is made via funds held in your account with Stocktrade*
- Funds held on deposit at an approved bank. The interest paid on these funds increases as the balance on deposit increases
- You can trade in CREST eligible foreign stocks over the telephone**
- Your CREST Fee is £10 per annum
- No charge by us for transferring stock from another broker to Stocktrade***
- Once your account is set up you may top up your Deposit Account via debit card (Switch, SOLO, Delta, or Connect) - please note that your initial deposit must still be made by personal cheque
* The Stocktrade Deposit Account is a customers money account held at an approved bank.
** Additional £20 foreign charge will apply. Your name will not appear on the share register when buying foreign stocks but will be held in the name of CREST. CREST will receive any dividends in the local currency and convert into sterling before crediting it to your CREST account.
*** Your existing broker may charge for this transfer.
**** Only available after 50 trades.
Commission Rates
| |
Rate |
Minimum |
Maximum |
Minimum Up to |
Maximum From |
| Regular Trader |
0.4% |
£14.50 |
£50 |
£3625 |
£12500 |
| Star Trader**** |
0.2% |
£14.50 |
£50 |
£7250 |
£25000 |
Additional Information
- Government Stamp Duty of 0.5% is levied on all purchases
- Irish Stocks have Stamp Duty of 1%
- A £1 PTM (Panel on takeover and mergers) levy is charged on all bargains over £10,000
Before proceeding please read our risk warnings
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