Best Share Dealing Accounts for UK Limited Companies (2023)

Do you own a limited company in the UK that is looking for shares to invest in? Look no further! This blog will share the best UK share trading accounts in 2023. corporate share dealing account, It can seem overwhelming to find the best account for your company. We’ve done an extensive research to find the top options.

An Introduction to the UK Share Dealing Market

One of the largest and most liquid global markets for share trading is the UK. This is where stocks of listed companies are traded. Also known as the Equity Market, it is the UK’s share trading market.

On the UK stock market, there are two kinds of shares: preference shares and ordinary shares. Preference shares are a claim to a company’s earnings and assets, while ordinary shares can be described as ownership.

What Is Share Dealing?

The process of purchasing and selling shares within a company is called share dealing. You can either use a broker to do it or a corporate share dealing account. You can open a variety of shares dealing accounts. The most popular is an online one.

An online account for share trading allows you to buy or sell shares of any publicly-traded company listed on stock exchanges. This service is only available to brokers that offer it. After you open an account you can trade shares online.

You become a shareholder when you purchase shares in a company. You can vote in shareholder meetings, and receive dividends if the company is profitable.

You will lose your rights as a shareholder if you decide to sell shares. You may still be able to sell shares to the company or another shareholder.

How do I open a corporate share dealing account?

Corporate share dealing accounts are a form of investment account which allows limited UK companies to trade and buy shares on the stock exchange. In a few ways, this account differs from personal share dealing accounts.

The account is in the company name and not the individual’s.

The company must have its tax reference number.

There is no cap on how much money can be invested in a corporate share dealing account.

Interest and dividends from investments in corporate share deals accounts are subject to tax. 

An account for corporate shares can help a small company grow its capital by investing in stock markets. It is important to keep in mind that investment can fluctuate and there are always risks.

Different Types of Share Dealing Accounts

For UK-limited companies, there are many types of share trading accounts. Nominee accounts are the most common. This allows shareholders to own their shares through third parties. Companies who want to reduce paperwork and costs are best served by this type of account.

The self-managed share trading account is another type. The self-managed account type is best suited for businesses that can manage their shares themselves. These accounts can be managed by employees and offer greater control and flexibility in how shares are traded.

Finally, online trading accounts are available. Online share dealing accounts enable shareholders to trade shares without the assistance of a broker. Although they are typically less costly than traditional brokerage accounts online, these accounts may not provide the same level of personal support or service.

An Overview of 8 Top Share Dealing Accounts For UK Limited Companies (2023)

Corporate share dealing accounts are investment accounts that allow you to trade and buy shares in companies traded on stock exchanges. Many financial institutions offer share dealing accounts, such as banks, brokers, or online services.

Your individual investment goals and financial situation will determine which share trading account are best for you. There are some key considerations to make when selecting a share trading account. These include the charges, the type of shares that can be traded, as well as customer service.

We’ve put together a list of eight top share-dealing accounts for UK limited companies. It is based on customer reviews and our research.

Comparison of Fees, Benefits, and Features for Each Account

1. Compare the Fees, Features and Benefits of Every Account

It is essential to ensure that your limited company has the most efficient share trading account. You will be able to quickly trade shares without any additional costs.

Limited companies have a variety of share-dealing accounts. It is worthwhile taking the time to review the benefits, fees and features.

Consider the charges for dealing. Some accounts have a flat fee for each trade while others may charge a percentage of trade value. You should determine which fee is best for your trading strategy.

The next step is to review the features of your account. You will find some share trading accounts have more features than others. Before you make a decision, it’s worth looking at the account features.

Don’t forget about the terms and conditions of every account. Before you trade, make sure you understand all charges and other benefits.

Top Tips to Choose the Right Share Dealing Account For Your Business

When choosing the right share trading account for your business, there are several key considerations. First, you must decide what type of account is best for your business. Two types of accounts are available: advisory and execution-only. Execution-only accounts are for investors with a good understanding of the market and who don’t require any assistance. However, advisory accounts are more suitable for novice investors and those seeking expert guidance.

You should also consider the fees that the account provider charges. Some account providers will charge you a commission for trades while others may charge flat fees per trade. You may also find monthly and annual subscriptions offered by some providers, which are often cheaper for those who trade regularly. Before making any decision, it is important to look at the charges of different providers.

Lastly, consider what features the provider offers. You should compare the features offered by different providers before you make a final decision. Some providers provide market research tools while others offer educational resources like webinars or tutorials.

Best Share Dealing Accounts for Limited Companies

Interactive Brokers (Best overall)

IBKR was founded in 1978 and is one of the most trusted brokers worldwide. You can open business accounts without minimum balances and access a broad range of markets and products.

Saxo Bank

Saxo Bank, a Danish online brokerage founded in 1992 has a strong reputation. You will have the ability to trade over 40,000 financial instruments with a minimum of a $100,000 deposit.

eToro

A global online broker with over 30 million customers. You will need to contact customer support and deposit a minimum of $10,000 in order to open an eToro trading account for business.

Interactive Investor

Interactive Investor, a UK-based broker offering business accounts to limited businesses, is on the rise. It charges a monthly PS30 fee.

The Advantages and Drawbacks of Using a Share Dealing Account

Share dealing accounts have many advantages. UK-limited companies need to be informed before taking a decision.

A share deal account offers an easy and quick way to purchase and sell shares. Companies that have to purchase or sell large quantities of shares regularly may find this useful.

A share dealing account can also help you save money. Share dealing accounts often offer significant discounts on transaction fees. This can help to reduce the cost of selling and buying shares.

There are some drawbacks to having a share trading account. It can sometimes be difficult to monitor the performance of your investments. You won’t have access to financial information and other relevant information as if the shares were held directly.

You may also have to pay fees that are higher than you would if the shares were held directly. The reason is that most share trading accounts have an annual fee as well as transaction charges. These fees can quickly add up.

Stocks and shares

You should consider a few factors when purchasing shares and stocks. The process may vary depending on which broker you choose. There are some steps that you should follow.

1. Research and determine how much money you are willing to invest in the company/companies you are interested in. You should consider the potential growth and financial stability of your investment.

1) Open a share trading account with a broker who offers great value for money.

3) Deposit money into your account using a bank transfer or debit card.

You can place your order online or by phone. It is necessary to specify the number of shares you want to buy, along with the price and terms.

After your order has been fulfilled, your shares will be transferred to your account. The shares can be kept for as long or as short as you wish, and they are also available to sell at any moment.

Share Dealing Charges

For the use of their services, share dealing platforms may charge a variety of fees. There are four main fees: the annual platform fee, the dealing charge, the transfer charge, and the inactivity charge.

Platform Fee: This fee is charged by share dealing platforms to provide a place for investors to trade and buy shares. This fee can either be fixed or percentage-based.

The Dealing Fee: Also known as a Trading Fee, it is the cost of selling or buying shares on the platform. It is the cost of buying or selling shares, as well as other investments through the platform. Regular investors often get discounts.

The Transfer Out Fee: Also known as an exit fee. This is the cost to transfer your investment from one company to another.

Inactivity fee: Although most platforms don’t charge this, some do. They charge traders for trades that are made in a short time frame.

Stamp Duty: If you buy shares in the UK, there will be a 0.5% Stamp duty to the government. An additional PS1 for transactions over PS10,000. The Irish company stamp duty is 1%. AIM stocks and Exchange-Traded Funds are exempt from Stamp Duty.

Is it possible to invest in stock markets through my small company?

You can certainly invest through your company limited in the stock exchange. There are some important things to remember before you do this.

You must first ensure that the limited company you have set up is suitable for investing. Your company must have an investment policy that defines how much money is allowed and which types of investments can be made.

You will need to open an account with a brokerage firm in your company’s name. Here you can buy or sell securities.

The third step is to do research on the stock market to determine which securities or stocks you wish to purchase. You should consider factors such as the financial stability of the company, history with dividend payments and overall growth potential.

The fourth step is to buy the securities or shares you have chosen through your brokerage account. You should keep an eye on your investments so you are able to sell them at the price that suits your needs.

Concluding Thoughts

There are many share trading accounts that can be used by UK-limited companies. It is difficult to choose the right one. You should compare the features, fees and prices of each account. Also, make sure to read any reviews or ratings from customers so you can find one that suits your needs. You can increase your business’ wealth by taking time to review accounts and ensuring that you get value for your money.

FAQ’s

1. What’s a Share Dealing Account?

Share dealing accounts allow you to trade stocks on the stock exchange. A share dealing account can be used to trade securities, such as bonds and mutual funds.

2. What is the best way to find the right share trading account for my UK-based limited company?

MoneyPug is a website that compares share trading accounts by fees and features. Enter your information to see a list of share-dealing accounts that might work for you.

3. What is the cost of opening a share trading account?

Share dealing accounts don’t require a minimum deposit. You can trade with whatever amount you want. Some accounts have monthly fees or minimum balance requirements. Before opening a share trading account, compare the fees.

4. How can I trade securities with my share trading account?

You can trade stocks, bonds and mutual funds through share dealing accounts. You may be restricted in the securities that you are allowed to trade with some accounts. Some accounts might not permit you to trade penny stocks.

5. What taxes and fees are associated with shares dealing accounts?

Capital gains tax may apply to profits made from the sale of shares. Transaction fees may also be charged by some share trading accounts. Before you trade, make sure that you have reviewed the taxes and fees associated with your account.

6. Can I trade shares with an account that deals in share trading?

Yes. Most share-dealing accounts are regulated and supervised by the Financial Conduct Authority (FCA), as well as other regulators. They must also adhere to high standards of security and safety. Your funds are kept in separate accounts so that even if the broker is no longer available, they can still access them.