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Equities, Bonds, Futures, Options, CFDs, Spread Bets, Forex
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Standard Account
ISA Account
Margin Account
SIPP Account
Services and Prices - Effective 4 January 2006
Standard, ISA and SIPP Charges
Market Data
Cash
Account Closures/Transfers
Duplicate/Archived Activity Reports
Trading and Range of Investments
Minimum Technical Requirements
iDealing.com is an execution-only internet service designed for retail and institutional clients to buy and sell UK and foreign-listed Equities, Bonds, Exchange-Trade Funds(ETFs), Warrants, Covered Warrants, Foreign Exchange and other Securities and Derivatives in a live environment. Orders can be executed against real-time quoted prices as well as through our Proprietary Direct Market Access(DMA) trading platform to several markets. Immediate confirmation that the order has been dealt can be given online. All UK registered shares and securities are held electronically within the Crest system under a nominee(s) owned or controlled by iDealing.com Limited. Under a nominee structure, shares and securities are registered in the name of the nominee but the client remains the beneficial owner.
Crest is the UK electronic settlement and registration system.
In addition to trading in listed securities, iDealing offers experienced investors the chance to trade Contracts for Differences (CFDs) and Spreadbets. If you require further information please go to our CFD/Spreadbet FAQ page.
Clients can view cash account balances, live portfolio and historical transaction information online.
The services & prices displayed on our website shall prevail and therefore replace any services and prices previously published whether online or in writing.
Standard, ISA and SIPP Charges
* Investment Clubs and Corporate Accounts are classed as Standard Accounts.Per Trade
| Commission |
A basic commission charge of £9.90 per online trade for Off-Orderbook LSE listed securities. Different
order types, instruments, markets, exchanges, and/or execution channels may
incur a different tariff. Please refer to our Commission Schedule for
details. |
| Other Trading Charges |
Stamp Duty (SDRT) of 0.5% is payable on all purchases of UK shares (1% Stamp Duty for Irish shares) (where applicable) PTM Levy of £1.00 is payable, with some specific exceptions, on all transactions over £10,000 in securities of companies incorporated in the UK, Channel Islands or Isle of Man. This levy is used to resource the Panel of Takeovers and Mergers. Trade Reporting charges are payable where applicable and at the rate charged by the relevant market or exchange. Other Non-Commission transaction charges may apply for a given order type, instrument, market, exchange, and/or execution channel. |
Per Account
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Standard, ISA (stocks and shares only), Sipp Accounts |
Quarterly administration fee of £5.00. This fee is charged per account irrespective of the number of securities held in the account. ISAs which cover a number of different years are consolidated into one ISA account and are, therefore, only subject to one quarterly charge. Where clients have an active Standard account linked with any ISA account, quarterly charges for all accounts will be passed to the Standard account. When first applying for Standard accounts only, you may also request a non-interest bearing account with no quarterly administration fee. However a £20 fee for each 12 month period of inactivity will be payable, and an additional commission charge of £2.00 per trade is payable on each trade in addition to our standard commission. |
| ISA Account voids or repairs |
£100 per voiding and/or repair exercise
Where we are required under Inland Revenue regulations to repair and/or void an ISA, a fee will be payable to cover additional administrative costs and returns to the Inland Revenue. |
| Holdings Transfer Charges |
Electronic transfers of holdings from other brokers, ISA Managers (where eligible) are free of charge. A £5.00 charge is payable on transfers into iDealing accounts of certificated holdings. This is charged per stock/registration, not per certificate. A £5.00 per stock charge is payable on transfers between iDealing accounts (where eligible). A £15.00 charge is payable on stock transfers out of iDealing accounts that are not the result of a sale through the system. These charges will be applied directly to your cash account. |
| Cash Transfers Charges |
Cheques In - Free BACS In - Free CHAPs In - Free (Please Note your bank may charge you a fee for CHAPs) BACS Out - Free Cheques Out - £5.00 CHAPS Out - £20.00 Cash transfers out are subject to cleared funds being available, a minimum transfer amount of £100 or an amount equal to the remaining balance in your account less any Minimum balance requirement, whichever is lower. Minimum balance requirements per account are equal to any account closure/transfer fees plus one year's administration fees where applicable. Cheques will only be made payable to you and not third parties. Electronic transfers will only be made to the bank account as detailed in our records. To register a new or different UK bank account with us, you must send in an original bank statement, not more than 3 months old, on that account in your name. |
| Probate Valuation charges |
Portfolio valuations that are made for probate purposes will be charged £15 per line of stock with a minimum charge of £60. |
Market data
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London Stock Exchange delayed prices |
Free |
Your portfolio valuation will be calculated using 15 minute delayed prices. In addition, if streaming data is enabled via the Change Preferences link and you have a compatible browser, the iDealer Dashboard and other market data pages will stream prices with a 15 minute delay for LSE stocks. |
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iDealing CFDs and Spreadbets prices |
Free |
In addition, if streaming data is enabled via the Change Preference link and you have a compatible browser, the iDealer Dashboard and other market data pages will stream CFD and Spreadbet prices in real time. |
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London Stock Exchange best prices |
66 GBP for one year |
Your portfolio valuation will be calculated using real time prices for LSE stocks rather than 15 minute delayed prices. In addition, if streaming data is enabled via the Change Preference link and you have a compatible browser, the iDealer Dashboard and other market data pages will stream prices in real time for LSE stocks. Subscribe nowTurn streaming on/off |
Cash
For a given account type, iDealing holds all funds in a single pooled cash account held on behalf of clients with an approved Bank.
For non-margin account types, this account is designated as a "Client Money" Account in accordance with FSA "Client Money" Regulations. A cash account is opened for you automatically in iDealing's records when your signed client agreement is received and processed. Interest on balances is calculated at a rate displayed here on our interest rate comparison table. This is calculated and applied quarterly on interest-bearing accounts that are open as at that quarterly calculation date. Interest payments of less than £1.00 will not be credited or be payable in the future. Interest is not calculated nor applied nor payable on account closures. Interest on Standard accounts is paid gross, without deduction of any tax.
Funds can be transferred into your iDealing account by cheque or electronic banking payments (CHAPS or BACS). Details on how to do this are emailed to you once your client agreement forms are signed, received and approved, and iDealing's payment details are available on our website while you have logon access thereafter. iDealing cannot accept credit cards or cash payments under any circumstances. Please refer to Account Operations for further information.
Account Closures/Transfers
An account closure and/or transfer (including partial transfers) will incur a £60.00 administration fee per account portfolio for Standard, ISA and SIPP accounts. This does not apply to our Margin (ie: CFD and Spreadbet) accounts.
Duplicate / Archived Activity Reports
Reports of account activity that pre-exists or is otherwise not available on the website will be provided in our sole discretion, and in any event at the following prices:
Client Ledger Activity (available from 1 Apr 2002)
| Period | Price |
| 1 Apr 2002 - 31 Dec 2002 | £30 per Report |
| 1 Jan 2003 - 31 Dec 2003 | £30 per Report |
| 1 Jan in any given year after 2003 up to 31 Dec of the same year | £30 per Report |
Duplicate Tax Voucher - Available from Tax Year ending April 5, 2005
| £30 per duplicate Tax Voucher sent. |
Other requests for administrative services that are not day-to-day services or that are not listed in our Services and Prices are provided at our sole discretion and charges will be made based on the time and work involved.
We kindly remind clients that activity histories are available on our website for open accounts, but only for a limited time (for example the client ledger only goes back for 12 months) so they should save or print their own copies of their activity published on our website for their own records.
Trading and Range of Investments
Purchases can only be effected if there are sufficient cleared funds in your iDealing cash account or sufficient funds are due as proceeds from a sale, prior to the settlement date of the purchase. Similarly, only holdings that are currently held in your iDealing account or due from a purchase can be sold through the service.
All trades are settled a standard number of business days after dealing (known as T + [numDays]) in accordance with current market practice at the time. For LSE listed UK equity securities, this is 3 business days.
Any security not covered electronically but settleable in Crest can be transacted manually upon a confirmed email or phone instruction.
Securities that do not settle through Crest, i.e. Loan Stocks, Unit Trusts and Offshore Funds, are not currently available. The number and range of investments covered may change without notice.
From time to time, there may be no availability for a stock due to market size, volatility, imminent company announcement, or otherwise.
Minimum Technical Requirements
The minimum recommended level of browser to achieve best performance is Netscape Communicator 4.5 or Microsoft Internet Explorer Version 4.0 (4.72) Service Release 2. We recommend using a 133 Mhz personal computer with 16 megabytes of RAM (Random Access Memory) in conjunction with at least a 33.6k modem to operate Java Applets satisfactorily.
Macintosh users will require the following specifications: Mac OS 8.5 or higher running Microsoft Internet Explorer 4.5 with Macintosh runtime for Java version 2.1.2.
To connect to the iDealing website using 128 bit SSL encryption requires Netscape Communicator 4.7 or Microsoft Internet Explorer 5.01. Older versions of these browsers will connect at either 40 or 56 bit encryption depending on the version used. iDealing recommends using the latest version of browser available which can normally be downloaded free of charge from the relevant website.
Inability to access this site may be a result of poor line quality/bandwidth. Please consult your Internet Service Provider (ISP) to check that they can guarantee a high line quality/bandwidth. Accessing problems may be encountered by trying to connect to the Internet through an office firewall, if firewall restrictions are in place. You can confirm this by checking with your IT department.