Buying Shares - About Share Broker Fees & Stamp Duty

In order to buy and sell shares you will need to register with a broker which can be an offline broker or an online broker. The reason you have to register is for money laundering reasons. There can be a big difference in what brokers charge for their services, so it pays to do some research and shop around a bit to find the best share dealing service for you. Some online brokers offer fixed price share dealing services no matter how much the amount you want to trade is for, so if you are looking to trade large sums this can be a good option. Some offline brokers can also provide fixed fee trading but if you want to avail yourself of their advice then they will most probably charge you a percentage fee for this service.

You also need to know that stamp duty is charged on all shares bought on the London Stock Exchange. The stamp duty charge is 0.5% of the value of the shares purchased.