RE: Need some help4 Mar 2020 19:15
Sojood, it is really hard to give broker recommendations without knowing a lot more about your investing/trading style, account size, and frequency of trading.
Please do not respond to me by answering these questions as I think keeping your stuff private is safest online. However...
1) You should be able to buy and sell on the same day with every account. Including HL. Speak to your account manager there.
2) You should be able to get live prices at the time you want to make the deal. By entering the information, like I want to buy (amount of shares) of (XYZ) = They should then show you the price you can buy and sell at.
3) The amount you pay to trade often changes depending on the number of trades you do. For example First Direct might charge you £11 for the first 10 trades in a quarter and then £7 after. Whereas Interactive Investor might charge you £20 a month but then only charge you £3.99 per trade.
4) Live feeds for news and prices are paid for services. I pay for mine separately to my broker, but some brokers do offer this, I think IG Shares and Interactive investors
5) Be aware that often there is additional charges associated, like charges for inactivity or worse some companies charge a percentage of holding account rather than flat fee. Which is fine if your account is small but not so good for a large account. Sometimes there are annual fees rather than monthly. Don't let these surprise you.
Really you need to work out. If you are trading or investing. Then how much money you can afford to invest/trade. From there you can look for an account that matches your own requirements. Remember that you can trade within an ISA but you are also entitled to capital gains relief outside.