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 tradingn/a
Telephone tradingAustralia, 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 onlinen/a
Online detailsn/a
Typical telephoneUK min £25, international min ~£35-125
Telephone detailsFirst £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 feesYearly inactivity fee of £40 if account not used for three years
Custody charges for stocksNone
Dividend chargesNone
Corporate action chargesNone
Currencies
Currency conversion chargesUses marketmakers, so FX cost in bid/offer spread
Hold cash in foreign currenciesYes
Currencies allowedAUD, CAD, EUR, GBP, USD, ZAR
Other details
Tax-advantaged accountsISA (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 servicesBonds, CFDs, options
Minimum account sizeNone
Company locationUK
Further informationVisit the Redmayne Bentley website

Click here to compare Redmayne Bentley with another broker

 Posted by at 12:43 am