Does Selftrade charge for providing an account?
Selftrade does not charge for opening an account. However, there are charges for aftermarket trading. Please see a full list of charges on the Selftrade website: https://selftrade.co.uk/our-services/our-charges
In summary, the key charges are as follows:
Account opening: No charge
Online rate per trade:
£12.50 (standard rate)
£6.00 (frequent trader rate)
Frequent trader rates apply after 100 trades made by a customer in any one calendar quarter.
<£2,500 = £17.50 fee
£2,500–£100,000 = £40 fee
£100,000< = call Selftrade for a quote on 0345 0700 720
If you decide to hold your shares, and purchase no further shares, there is a Trading Inactivity Fee of £8.75 + VAT per quarter. This Trading Inactivity Fee applies per customer and covers all Selftrade accounts held in your sole name. If you make a single trade in any of the accounts you hold in a calendar quarter, none of your accounts will attract the fee (this does not include Investment Club, joint accounts and corporate dealing accounts, which are treated separately)
Please refer to the link above for the most up-to-date information.