Stocktrade Nominee Account
This may be of interest to frequent traders who wish to deal in a wider range of investments including Foreign securities and Unit Trusts.
Low Commission Rates from ½% min £15.
Who may have a Nominee Account?
This type of account is available to any individual and joint applicants wishing to deal by telephone.
Features of the Nominee Account:
- Shares are held in our Nominee Company name
- All administration is handled by the company on your behalf
- Ease of settlement - increased security as no paperwork involved
- Settlement period from as short as T+ 3
- You remain the beneficial owner of the shares held in the Nominee account
- Dividends are collected on your behalf and credited to your account with Stocktrade*
- Dividends transferred to a nominated bank/building society quarterly on request
- Consolidated tax certificate sent to you at the end of each tax year
- You may trade in Foreign stocks**
- You may trade in Unit Trusts and OEICs
- Statement of Transactions issued quarterly
- Nominee fee of £12 + VAT per quarter
- No charge by us for transferring stock from another broker to Stocktrade***
- Once your account is set up you may pay for purchases and/or 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
** No additional charge for dealing CREST eligible foreign stock. Additional charge of £50 for foreign stocks that cannot be held in CREST. We will inform you of any additional charges before dealing
*** Your existing broker may charge for this transfer
Commission Rates
| |
Rate |
Minimum |
Maximum |
Minimum Up to |
Maximum From |
| Telephone |
0.5% |
£15 |
£60 |
£3000 |
£12000 |
Additional Information
- 0.5% Stamp Duty on UK share purchases (1% on Irish share purchases) payable by the purchaser
- A £1 panel on take-over and mergers (PTM) levy is charged on all bargains where the consideration is over £10,000. This is to generate income for the PTM, which promotes good behaviour in managing takeovers and mergers
Before proceeding please read our risk warnings
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