LSE Trading Accounts14 May 2014 12:18
Hi all,
I've recently sent an E-mail to the LSE team and haven't received a reply, so was wondering whether you would be able to help!
The E-mail was as follows:
I've been following the stock market for the last couple of years and am interested in taking the plunge on buying shares from two companies and holding onto them until I am ready to sell.
From the above, I believe that the account that would benefit me most is the Trading Account. I have also read through the costs and I can see that each trade is priced at £9.95 and you state that there are no annual fees or inactivity fees. Am I correct in saying that this means that my shares just sit in my account until I am ready to sell for any amount of time and the only other fee will be when I sell them shares, again only costing £9.95?
Also, if I sell my shares and decide to stop trading, I can either leave my account open until I am ready to trade again, or close my account for free (as it's not an ISA Account).
Just wondering if anyone can confirm the above for me as I would rather be certain than be stung with fees left, right and centre!
Many thanks,
Karl