Equities

An option is a contract giving the buyer the right, but not the obligation, to buy or sell an underlying security (a share, currency, or futures contract) at a specific price on or before a certain date. An option is a security, just like a stock or bond, and constitutes a binding contract with strictly defined terms and properties.

An ETF is a share traded on the stock exchange, but the value of the share is designed to directly reflect the price of another instrument or index. The ETF is normally compiled by purchasing a basket of securities in accordance with their index weighting.

Physical equities are often referred to as shares or stock. A share provides the investor with part ownership of the company and ownership conveys the right to vote in board elections as well as the ability to participate in the distribution of profits (by way of dividends). The motivation for investing in stocks can be two fold in that it may be a passive long term buy and hold strategy or a more active trading approach. Most of the registers these days are electronically administered so holders of stocks no longer receive a share certificate. The benefit of the electronic system is that shares can be transacted on a more timely basis rather than awaiting the arrival of the physical pieces of paper.

You will be charged a flat fee on a per lot per side basis. The fees are based on the volume of trades you execute, the higher the volume the lower the fees. There is no charge to place orders or call levels you will only be charged when an order is executed.

Brokerage rates are dependant on the markets on which you are dealing as well as the size of your orders. For a complete list of charges please refer to our Disclosure Statement found under News on the website. Please note that in addition to brokerage you are also liable for Stamp Duty on any UK (currently 0.5% of the trade value) and Irish purchases (currently 1.0% of the trade value).