SHARE CENTRE Broker Trade

The Share Centre Trade: A Comprehensive Review of a UK Brokerage

The foreign exchange (Forex) market is a crucial component of the global financial system, facilitating the exchange of currencies and influencing international trade and investment. Among the myriad of trading platforms available, The Share Centre has established itself as a notable player in the UK market since its inception in 1990. Offering a range of investment services, including Forex trading, The Share Centre caters primarily to retail investors seeking a reliable and cost-effective platform.

This article will address the following three core questions:

• What are the trading conditions and offerings at The Share Centre？
• How does The Share Centre's trading platform compare to its competitors？
• What are the advantages and disadvantages of trading with The Share Centre？

Broker Overview and Trading Conditions

Established	Regulatory Authority	Headquarters Location	Minimum Deposit	Leverage Ratio	Average Spread
1990	Financial Conduct Authority (FCA)	Aylesbury, Buckinghamshire, UK	£2 for standard account	Up to 1:30 for retail clients	0.7 pips (EUR/USD)

The Share Centre provides competitive trading conditions, particularly for UK-based assets. While the average spread of 0.7 pips for major currency pairs is relatively attractive, the leverage offered is standard compared to the industry. Most brokers offer leverage ratios of up to 1:500, which can be more appealing for experienced traders looking to maximize their potential returns. However, the lower leverage may be beneficial for novice traders, as it reduces the risk of significant losses.

Trading Platform and Product Analysis

The Share Centre utilizes a proprietary online trading platform that is accessible via web browsers and mobile devices. While it does not offer the popular MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms, its interface is user-friendly and designed for ease of navigation. The platform includes essential features such as market analysis tools, stock screeners, and investment recommendations from in-house analysts.

Tradeable Currency Pairs

Currency Pair Category	Number Offered	Minimum Spread	Trading Hours	Commission Structure
Major Currency Pairs	30	0.7 pips	24/5	£7.50 per trade (under £750)
Minor Currency Pairs	15	1.0 pips	24/5	£7.50 per trade (under £750)
Exotic Currency Pairs	5	2.0 pips	24/5	£7.50 per trade (under £750)

The Share Centre offers a decent selection of currency pairs, with 30 major pairs available for trading. The execution speed is generally reliable, although some users have reported occasional slippage during high volatility periods. The platform's commission structure is straightforward, but traders should be mindful of the £7.50 fee for trades under £750, which may add up for frequent traders.

Advantages, Disadvantages, and Safety Assessment

Advantages

• Low Monthly Account Fees: The Share Centre charges a nominal £2 monthly fee for standard accounts, making it accessible for casual investors.
• Wide Range of Investment Options: In addition to Forex trading, users can access a variety of UK shares, mutual funds, and investment trusts.
• Regulated by the FCA: Being regulated by the Financial Conduct Authority ensures that The Share Centre adheres to strict standards of financial conduct, providing a level of security for investors.

Disadvantages

• Limited International Market Access: The Share Centre primarily focuses on UK assets, restricting opportunities for diversification into international markets.
• Outdated Trading Platform: While functional, the platform lacks some advanced features and tools found in competitor platforms, which may deter more experienced traders.

Safety Measures

The Share Centre employs stringent security measures to protect client funds, including segregated accounts that ensure investor capital is kept separate from the company's operational funds. Additionally, all accounts are covered by the UK's Financial Services Compensation Scheme (FSCS), which protects up to £85,000 per investor in the event of the company's insolvency.

Customer satisfaction ratings indicate a generally positive experience, although the platform's customer support is limited to weekdays and may not meet the needs of all users.

Practical Strategy and Summary Recommendations

For traders utilizing The Share Centre, a simple yet effective strategy is to focus on major currency pairs, taking advantage of the relatively low spreads. A suggested approach is to implement a "trend-following" strategy, where traders identify and follow prevailing market trends, entering long positions during uptrends and short positions during downtrends. Utilizing fundamental analysis, such as monitoring economic indicators and news releases, can further enhance decision-making.

In summary, The Share Centre is a solid choice for UK-based investors seeking a straightforward and regulated trading platform. It is particularly suitable for novice traders due to its low fees and accessible investment options. However, experienced traders may find the limited international market access and outdated platform features a drawback.

FAQs

• Can I trade international currencies with The Share Centre？
• No, The Share Centre primarily offers trading on UK-based assets and does not provide access to international markets.
• What is the minimum deposit required to start trading？
• The minimum deposit is £2 for a standard trading account.
• Is The Share Centre safe for trading？
• Yes, The Share Centre is regulated by the FCA, and client funds are held in segregated accounts for added security.

Risk Warning: Trading in financial markets involves significant risk, and you may lose more than your initial investment. Always ensure you understand the risks involved and only trade with capital you can afford to lose.