English

Rating Index

Pros

Low monthly account fee, making it affordable for casual investors.

Access to a wide range of UK shares and over 4,000 mutual funds, providing diverse investment options.

Regular share and fund recommendations, which can be beneficial for beginner investors.

Cons

Limited to UK assets only, restricting options for international diversification.

Outdated user interface and lack of advanced trading tools, which may not meet the needs of active traders.

Trade commissions can be relatively high compared to some competitors, especially for larger trades.

SHARE CENTRE broker Accounts

The Share Centre offers a variety of account types for investors, catering to different financial goals and investment strategies. Here are the main account types available:

Share Dealing Account:

A standard account with no limits.
Charges a £2 monthly admin fee.
£7.50 fee for trades under £750 and 1% commission for trades over £750.

Stocks and Shares ISA:

A tax-efficient way to invest.
Fixed monthly fee of £5.
Allows investments up to £20,000 per tax year in a range of shares, funds, and bonds.

Ready-Made ISA:

Managed portfolios that do not require individual investment selection.
No account fees and designed for income or growth.

Lifetime ISA:

Available for investors aged 18-39.
Allows annual contributions up to £4,000 with a government bonus of up to £1,000 per year.

SIPP (Self-Invested Personal Pension):

A pension plan allowing for a wide range of investments.
Offers tax advantages for retirement savings.

Junior ISA:

Designed for children under 18.
Allows parents or guardians to save for their child's future.

Opening an account with The Share Centre is a straightforward process. Follow these steps to get started:

Choose Your Account Type: Decide which account type suits your investment needs (e.g., Share Dealing Account, Stocks and Shares ISA).
Visit the Website: Go to The Share Centre's official website.
Complete the Online Form: Fill out the online account opening form, including personal details and contact information.
Provide Identification: Upload necessary identification documents such as proof of identity and address (e.g., a passport or utility bill).
KYC Verification: The Share Centre will conduct a Know Your Customer (KYC) verification process.
Receive Account Details: Once verified, you will receive your account details via email.
Link Your Bank Account: Optionally, link your bank account for seamless transactions.
Initial Deposit: Make your first deposit as required for the chosen account type; for instance, a minimum deposit may be required for certain accounts.