Welcome! Log in or Register

natweststockbrokers.co.uk

  • image
3 Reviews
  • Write a review >
    How do you rate the product overall? Rate it out of five by clicking on one of the hearts.
    What are the advantages and disadvantages? Use up to 10 bullet points.
    Write your reviews in your own words. 250 to 500 words
    Number of words:
    Write a concise and readable conclusion. The conclusion is also the title of the review.
    Number of words:
    Write your email adress here Write your email adress

    Your dooyooMiles Miles

    3 Reviews
    Sort by:
    • More +
      29.10.2013 09:39

      Advantages

      Disadvantages

      Being an experienced trader and having a current account with NatWest, it sounded to be a straight/wise option to open a simple share dealing account with this broker aiming to capitalize on my yearly share ISA allowance.Turned out to be a mistake I definitely not expected. They have a very basic, can call it primitive trading platform combined with a rubbish customer service.Don't ever attempt to make a market order (buy or sell) via their system as their quotes and execution prices are always turn out to be far worth than the actual market price well over the value between the buy and sell sides on live market. No positive results on any legitimate disputes and attempting to call them is a big waste of time

      Comments

      Login or register to add comments
    • More +
      25.03.2004 15:32
      Very helpful
      (Rating)
      5 Comments

      Advantages

      Disadvantages

      Strictly speaking this is not a review of the internet site. As I couldn't find another place to post this I thought this would be the most suitable one. A little while ago I decided I wanted to start owning a few company shares. I needed to find a straightforward brokering service and I didn?t need advice to be included, which would just make things more complicated from my point of view. I knew what I wanted to buy and sell so I just needed the brokerage service. I decided to try my local Natwest Bank to provide stockbroker trading and have found it extremely easy. I have my current account with them and as long as you have a bank account with them and take another form of ID (passport, driving licence etc), it is a simple matter of walking in to the branch and asking to see the share trader and then giving your instructions - no financial advice is given. From checking a share price on the London Stock Exchange (LSE) web site at home and deciding to Buy/Sell, within 30 minutes I had travelled to my branch and the transaction was completed. The share price you pay is the one on the LSE exchange, unlike some 'cheaper' services who manipulate the share price to give themselves a profit there whilst offering lower minimum charges. Natwest charge a minimum of £25 per transaction (a percentage on higher value dealings ? 2% I think) and the usual stamp fee on purchases. All major LSE shares including AIM are available on the Natwest system and once you have used the service they have you on record so that you don?t have to keep reproducing all of your ID. Once in the branch you may have to wait a little while to see the trader ? I think the longest I have waited is 45 minutes, alternatively you could always ring and make an appointment. You are shown into a private office with a computer dedicated to share dealing. Once all of your details are entered in you can then buy or sell your shares. You are given the v
      alue and share price and then it is simply a matter of agreeing to the share prices ? you have 10 to 15 seconds in which to say yay or nay as to whether you want the transaction to go through. If you are buying then that is all you need to do and the transaction will be completed in 10 working days when the value of the shares will be deducted from your bank account ? assuming you have the funds present! Your share certificate will be posted to you and normally arrives in about 2/3 weeks. You will receive a Contract Note in the post in a few days confirming your transaction. This delay with the share certificate can be a nuisance sometimes, especially if you strike lucky and a share rises very quickly after you have just purchased, as you need the certificate to be able to sell again! If you are selling then you will need to take your share certificate in with you to prove that you do actually own them. Once this is confirmed then the process is almost identical to that of buying. You are given the selling value and have 10 to 15 seconds to give your decision. I have in fact declined to sell at this stage once due to share price fluctuations. The share dealer was quite happy not to go through with the transaction and did not appear to be annoyed or anything. After all no advice is offered and the final decision is entirely up to you. Once the selling transaction has been completed you return home along with your share certificate. The following day (2 at most) an envelope will arrive from Natwest Stockbrokers containing a CREST transfer form, a Contract Note containing your transaction details and a reply addressed envelope. You simply sign the CREST form and send it back in the envelope along with your share certificate and a stub from the Contract Note. This documentation needs to be received by the Brokers at least 4 working days before the money transfer date (10 working days after you have been into the branch) i.e. 4 days before t
      he money is paid into your account, which really is plenty of time. The instructions are simply written out on the Contract Note. The only problem I can see is that if the Royal Mail lose your envelope in the post, so it is probably advisable to send this Recorded Delivery, although I haven?t done this but I will start next time I sell some shares! If the documents don?t arrive in time then you will face additional costs and the original shares will have to be repurchased ? all rather messy I feel. This may not be the cheapest way of buying/selling shares (it can?t be far off), but for ease of trading and no ongoing commitment I don't think they can be bettered. Your bank account is credited or debited 10 days after completing the transaction and the share certificate usually arrives within 21 days. If, like me, you are happy with what you want to buy and sell then nothing could be simpler. You also get your hands on the share certificates. Some other broker organisations like to keep hold of your certificates (for safekeeping!) and that can make future trading a little more complicated. Of course you need to take the certificates in with you when you are selling. A friendly straightforward service, which I thoroughly recommend

      Comments

      Login or register to add comments
      • More +
        23.07.2002 00:24

        Advantages

        Disadvantages

        I guess this is one of the easier ways to buy shares. You just pop into your local Natwest branch and providing you have the right money in your account....you can just say you want xxx in company xxx and you sign a few bits of paper work and its done. Because I can't get to my local Natwest branch during the week it means that I have to phone up. I phoned up my branch and I asked them to give me £xxx worth of shares in XXX. They confirmed it was ok and the next day I had a letter from Natwest Stockbrokers telling me how many shares I got and what time I got them, how much they were etc. They took £27 for doing this service. £25 for the service and £2.50 for tax I think. Now if I want to sell them back its going to cost me the same to do. So really I need to make at least £60 profit before I can safely say I have made profit in the shares industry. This was all done last week and so far I have had no problems with anything. I would say the charge is abit extreme but providing I keep the shares for long enough...I should be able to make up the money I lost. But as I say....the bank knows what it is doing and can check the latest prices on all the shares in real time and its pretty good you can speak to someone if you have a problem or question. Alex

        Comments

        Login or register to add comments