Fancy making a million from your bedroom?

Online share dealing is proving to be a quick and easy alternative to the stockbroker

It is simple and cheap to deal online, with the benefit for execution-only deals that the best brokers' websites are backed up by stacks of excellent market information. Online share dealing has proved so popular in the US that is has ripped the heart out of traditional stockbrokers' businesses.

It is simple and cheap to deal online, with the benefit for execution-only deals that the best brokers' websites are backed up by stacks of excellent market information. Online share dealing has proved so popular in the US that is has ripped the heart out of traditional stockbrokers' businesses.

Brokers in the UK, too, have slashed charges to clients using the internet. Where charges are typically £20 for a deal conducted by phone, it can be half that with the Net. At peak trading times it can be impossible to get through to some brokers by phone - usually it is quick and easy to do so using a PC.

Many of the best sites are provided by US brokers whose businesses have already been transformed by moving online - these include TD Waterhouse, Charles Schwab and E*Trade. But Barclays Stockbrokers and Hargreaves Lansdown also offer excellent sites, as does Halifax for the new trader.

It is noticeable that since the takeover of NatWest by the Royal Bank of Scotland, its website is being improved - but not all the facilities of the share dealing service are currently available online.

Online share dealing is a fast moving activity. Many of the sites are constantly being changed, and some face competing pressures on them. It is helpful to have cleanly designed and simple to navigate sites, but frequent traders also value rich sources of market information online - the presence of which sometimes clutters websites. Patience may be needed to access some sites.

Another continuing development is the increasing numbers of brokers offering share dealing facilities in overseas exchanges.

While some, like Halifax, trade only in London, others, like NatWest, have recently extended onto Nasdaq. Some, like Sharepeople, allow dealing in New York, too, and E-Cortal provides the opportunity to deal in a range of European exchanges. FasTrade allows users to deal in a range of exchanges around the world. The opportunity to trade in many exchanges worldwide is likely to be offered by an increasing number of brokers over the coming months.

There remain sharp differences between stockbrokers on the type of clients they specialise in. The high street banks, such as Halifax, Barclays and NatWest, are more customer friendly in the sense that payments can be made by direct debits or by debit card. Some others, such as REDM and InvestIn, are only available to account holders. Several brokers - including TD Waterhouse - operate on lower dealing fees for regular traders.

Online share dealing is a fast-moving area and it pays to revisit sites to see which dealer most fits your personal requirements. There is now such a wide choice that most tastes should be catered for.

Paul Gosling is the author of 'Changing Money', published by Bowerdean, on the impact of the Web on financial services

Independent Partners; request a free guide on NISAs from Hargreaves Lansdown

News
Young Winstone: His ‘tough-guy’ image is a misconception
people
Arts and Entertainment
Man of action: Christian Bale stars in Exodus: Gods and Kings
film
Sport
Adnan Januzaj and Gareth Bale
footballManchester United set to loan out Januzaj to make room for Bale - if a move for the Welshman firms up
Arts and Entertainment
British actor Idris Elba is also a DJ and rapper who played Ibiza last summer
filmIdris Elba responds to James Bond rumours on Twitter
PROMOTED VIDEO
News
Hackers revealed Oscar-winning actress Lawrence was paid less than her male co-stars in American Hustle
people
Arts and Entertainment
Ellie Levenson’s The Election book demystifies politics for children
bookNew children's book primes the next generation for politics
Sport
Wayne Rooney warms up ahead of the English Premier League football match between Tottenham Hotspur and Manchester United at White Hart Lane
football
News
Outspoken: Alexander Fury, John Rentoul, Ellen E Jones and Katy Guest
newsFrom the Scottish referendum to the Ice Bucket Challenge, our writers voice their opinions
Arts and Entertainment
Lena Headey as Cersei Lannister in Game of Thrones
film
News
i100
Sport
Yaya Sanogo, Mats Hummels, Troy Deeney and Adnan Januzaj
footballMost Premier League sides are after a striker, but here's a full run down of the ins and outs that could happen over the next month
News
Nigel Farage celebrates with a pint after early local election results in the Hoy and Helmet pub in South Benfleet in Essex
peopleHe has shaped British politics 'for good or ill'
Voices
Strictly Come Dancing was watched by 6.9m viewers
voicesIt has been hard to form generally accepted cultural standards since the middle of the 19th century – and the disintegration is only going to accelerate, says DJ Taylor
News
Danielle George is both science professor and presenter
people
News
i100
Finacial products from our partners
Property search
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

ES Rentals

    iJobs Job Widget
    iJobs Money & Business

    Selby Jennings: VP/SVP Credit Quant- NY- Investment Bank

    Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...

    Selby Jennings: Quantitative Research | Equity | New York

    Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...

    Selby Jennings: SVP Model Validation

    Not specified: Selby Jennings: SVP Model Validation This top tiered investment...

    Selby Jennings: Oil Operations

    Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...

    Day In a Page

    War with Isis: The West needs more than a White Knight

    The West needs more than a White Knight

    Despite billions spent on weapons, the US has not been able to counter Isis's gruesome tactics, says Patrick Cockburn
    Return to Helmand: Private Davey Graham recalls the day he was shot by the Taliban

    'The day I was shot by the Taliban'

    Private Davey Graham was shot five times during an ambush in 2007 - it was the first, controversial photograph to show the dangers our soldiers faced in Helmand province
    Revealed: the best and worst airlines for delays

    Revealed: the best and worst airlines for delays

    Many flyers are failing to claim compensation to which they are entitled, a new survey has found
    The stories that defined 2014: From the Scottish independence referendum to the Ice Bucket Challenge, our writers voice their opinions

    The stories that defined 2014

    From the Scottish independence referendum to the Ice Bucket Challenge, our writers voice their opinions
    Stoke-on-Trent becomes first British city to be classified as 'disaster resilient' by the United Nations

    Disaster looming? Now you know where to head...

    Which British city has become the first to be awarded special 'resilience' status by the UN?
    Finally, a diet that works: Californian pastor's wildly popular Daniel Plan has seen his congregation greatly reduced

    Finally, a diet that works

    Californian pastor's wildly popular Daniel Plan has seen his congregation greatly reduced
    Say it with... lyrics: The power of song was never greater, according to our internet searches

    Say it with... lyrics

    The power of song was never greater, according to our internet searches
    Professor Danielle George: On a mission to bring back the art of 'thinkering'

    The joys of 'thinkering'

    Professor Danielle George on why we have to nurture tomorrow's scientists today
    Monique Roffey: The author on father figures, the nation's narcissism and New Year reflections

    Monique Roffey interview

    The author on father figures, the nation's narcissism and New Year reflections
    Introducing my anti-heroes of 2014

    Introducing my anti-heroes of 2014

    Their outrageousness and originality makes the world a bit more interesting, says Ellen E Jones
    DJ Taylor: Good taste? It's all a matter of timing...

    Good taste? It's all a matter of timing...

    It has been hard to form generally accepted cultural standards since the middle of the 19th century – and the disintegration is only going to accelerate, says DJ Taylor
    Olivia Jacobs & Ben Caplan: 'Ben thought the play was called 'Christian Love'. It was 'Christie in Love' - about a necrophiliac serial killer'

    How we met

    Olivia Jacobs and Ben Caplan
    Bill Granger recipes: Our chef's breakfasts will revitalise you in time for the New Year

    Bill Granger's healthy breakfasts

    Our chef's healthy recipes are perfect if you've overindulged during the festive season
    Transfer guide: From Arsenal to West Ham - what does your club need in the January transfer window?

    Who does your club need in the transfer window?

    Most Premier League sides are after a striker, but here's a full run down of the ins and outs that could happen over the next month
    The Last Word: From aliens at FA to yak’s milk in the Tour, here’s to 2015

    Michael Calvin's Last Word

    From aliens at FA to yak’s milk in the Tour, here’s to 2015