Halifax Account Type

　　Halifax offers several types of accounts designed for different investment needs. Here are the main account types available:

• Share Dealing Account:
• Commission: £9.50 per online trade; £2 for scheduled regular investments.
• Annual Admin Fee: £36.
• Investment Options: UK and international shares, ETFs, funds, bonds, and gilts.
• Minimum Investment: Start with regular investments from just £20 per month.
• Stocks and Shares ISA:
• Annual Allowance: Invest up to £20,000 tax-free.
• Commission: £9.50 per trade; £2 for regular investments.
• Admin Fee: £36 per year.
• Sharebuilder Account:
• Commission: £2 per trade with a regular investment plan.
• Admin Fee: £36 per year.
• Minimum Investment: Regular investments from £20.
• Self-Invested Personal Pension (SIPP):
• Quarterly Fee: £22.50 if balance is below £50,000; £45 if above.
• Investment Options: UK and international stocks, bonds, and funds.
• Investment Account:
• Commission: £9.50 per trade.
• Admin Fee: £36 per year.

　　

Halifax Broker Account Opening Process

　　Opening an account with Halifax is a straightforward process that can be completed online. Heres how to do it:

• Visit the Halifax Website: Go to the Halifax investing section.
• Choose Account Type: Select the type of account you wish to open (e.g., Share Dealing Account).
• Fill Out Registration Form: Provide personal information, including your address, national insurance number, and financial details.
• Verify Identity: You will need to submit documents to prove your identity and residency.
• Complete Trading Experience Survey: This is to ensure you have basic financial knowledge.
• Fund Your Account: There is no minimum deposit required; you can start with any amount.
• Start Trading: Once your account is verified and funded, you can begin trading.

　　The entire account opening process typically takes about one day to complete.