Redmayne Bentley
Redmayne Bentley is one of the larger UK independent stockbrokers and offers access to a good range of international markets. Minimum commissions are relatively high, making it uneconomic for small or very frequent trades, but the firm may be worth investigating if you want to make occasional large investments.
Feedback on customer service is generally good – one of the strengths of traditional stock broking firms over cheaper online brokers is that staff are generally much better informed. Peers such as Charles Stanley and Killik may also be worth investigating if this is an important consideration.
Markets available
| Online trading | n/a |
| Telephone trading | Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany - Frankfurt, Greece (CFDs only), Hong Kong, Indonesia, Ireland, Italy, Japan - Tokyo, Korea, Malaysia, Netherlands, New Zealand, Norway, Philippines, Portugal, Singapore, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, UK, UK International Order Book, USA (selection may be limited in some markets) |
Dealing commissions and charges
| Typical online | n/a |
| Online details | n/a |
| Typical telephone | UK min £25, international min ~£35-125 |
| Telephone details | First £7,000 1.65%, next £13,000 0.5%, balance 0.45% (min £17.5), plus settlement and compliance charge of UK £7.5, CREST eligible foreign stocks £10 except USA £15, non CREST eligible Canada, France, Germany, USA £20, other Western Europe £25, Australia, New Zealand, South Africa £30, others by arrangement with markets such as Taiwan likely to be high |
Other fees and charges
| Account fees and inactivity fees | Yearly inactivity fee of £40 if account not used for three years |
| Custody charges for stocks | None |
| Dividend charges | None |
| Corporate action charges | None |
Currencies
| Currency conversion charges | Uses marketmakers, so FX cost in bid/offer spread |
| Hold cash in foreign currencies | Yes |
| Currencies allowed | AUD, CAD, EUR, GBP, USD, ZAR |
Other details
| Tax-advantaged accounts | ISA (administration fee of £60+VAT per year), SIPP (administration fee of £25+VAT per year for accounts up to £25,000, £35+VAT for accounts from £25,000-50,000, £45 for accounts above £50,000) |
| Other products and services | Bonds, CFDs, options |
| Minimum account size | None |
| Company location | UK |
| Further information | Visit the Redmayne Bentley website |
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