Best share dealing brokers uk
We may best share dealing brokers uk that fairness requires a different approach in a particular case. As well as the broker, other parties are involved in the purchase of shares - for example, market makers. We do not have power to make rules for financial businesses. But "at best" does not mean the best price quoted on that particular day.
A share save scheme is a best share dealing brokers uk scheme. It means the best price quoted at the time the broker went to the market - which should be within a reasonable time of the consumer's order being placed. We may decide that fairness requires a different approach in a particular case.
Where we see disputes about individual transactions in stocks and shares, consumers are usually complaining that their broker:. Best share dealing brokers uk a certificate is lost, a registrar will not issue a duplicate until the owner of the share certificate signs a letter of indemnity. The law requires us to decide each case on the basis of our existing powers and what is fair in the circumstances of that particular case.
These cases usually centre on two issues: In these cases, we would usually consider it reasonable for the consumer to have attempted an alternative like phone dealing. Sometimes we decide the broker was responsible for the loss - for example, because the consumer notified the broker of a change of best share dealing brokers uk but the broker sent the certificate to the wrong address.
Any decision we make about who is responsible for the sale of the shares will hinge on who should have known the true position about which and how many shares were held. In relation to individual transactions in stocks and shares, brokers offer:. The shares are registered on the share register in the name of the nominee company rather than the name of the consumer. For example, it is usually the case that brokers do not - and cannot best share dealing brokers uk guarantee that their clients will always be able to trade online. If no phone recording is available, we will look at other evidence we have about what was said.
We will consider each case on its facts. But even though these firms are regulated, best share dealing brokers uk do not have a customer relationship with the consumer - and so the consumer cannot bring a complaint about them to us. We are unlikely to uphold a complaint about poor investment performance in itself.