Fri, 30 Jan 2009
Troy’s Blog
From my last video post I went out and signed up to Selftrade. As everyone knows my knowledge is limited, but my one friend that trades, said he uses the site. If a pro uses the site then it might not be the easiest to use, but at least I know I can learn something from it. I am after all a novice so why not head for something that will keep me going as opposed to having a easier option that I would have to transfer my portfolio to in the future. And, as far as I can see it's cheaper to trade with at £12.50 per trade.
Starting the account up was hard as there seemed to be lots of options for an account. I was pretty sure that the option I chose was right, there is even an "account selector" that helps you on your way. I went for the Dealing account. When signing up it asked questions about Tax and bank details etc (after all they send a letter to your house, ask for security codes and set up pins - this is a money account that will *hopefully* store some good amounts of cash!) I found the site helpful and they have a helpline that's easy to use with people on the other end of the line.
I will get into the site deeper in later posts as when presented with W8-BEN forms and Complex Instruments Dealing not enabled that are certainly some things to learn!
posted at: 13:47 | path: | permanent link to this entry