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Reviews for The Share Centre
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Product: Share Dealing Account
Review by webwiz
submitted on 06 March 2011
Likes: Can't think of any.
Dislikes: Colossal charges
I decided to buy Lloyds Bank shares in a mini-ISA. As I already had an account with the Share Centre holding a mini-ISA from a previous year containing a unit trust, I decided to buy this year's ISA through them without checking their charges (yes, yes I know- stupid). I was amazed that they charged over £50 brokerage and proposed to charge £2.50 a quarter as well. I then opened an account with x-o and transferred the ISA to them for which the Share Centre charged me another £35. That's over £85 wasted on charges. How can they get away with these high charges when x-o would have charged £5.95 brokerage and no ongoing charges? Surely there cannot be that many investors as stupid as me?
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