How to Buy Shares Online in the UK

Buying shares online has benefits, such as speed, but might not suit everyone,

Select a website and broker, preferably aimed at the United Kingdom investor, suitable for your share-buying needs. Consider the shares you will buy and the frequency. If you'll only buy a few shares on occasion, it's unlikely you need an expensive top-range broker with in-depth financial information. Try a website such as moneysupermarket.com to find a broker.

Benefits

Some U.K. share-dealing websites are a one-stop shop where you can buy and sell shares, get quotes and monitor your portfolio. You might also be able to access expert analysis and financial news.

Considerations

Some websites allow you to buy shares for as little as 10 pounds ($15.60) a trade for a straightforward execution service without advice. Alternatively, you could opt for a discretionary service, where the broker buys and sells shares for you. If lack of personal guidance doesn't suit you, sign up for a full advisory service, such as Redmayne-Bentley's private client stockbroker service.

Accounts

You need to provide your address and bank details to open an online account to buy and sell shares. An identity check might be necessary.

References

• The Complete Guide to Online Stock Market Investing, Alexander Davidson, 2006, page 6
• The Times: How to Buy Shares
• Redmayne-Bentley Stockbrokers; Investment Management Services

Resources

• Money Supermarket: Compare Share Trading Accounts
• London Stock Exchange: Locate a Broker
• Fool: The Motley Fool Share Dealing Service