If you are thinking of buying some shares then you should spend some time researching the various stockbrokers you can open an account with. Remember you don’t have to open an account with an Irish stockbroker, you can use any stockbroker in any country.
Be careful when opening an account with a stockbroker. As well finding out the commission they charge, do find out if there are any annual maintenance charges for keeping the account open. Most stockbrokers don’t charge an annual fee for maintaining the account but some do.
The Financial Regulator has published an excellent survey on Irish stockbroker charges. Download the survey below.
Remember you can use the services of your bank to buy and sell shares. They do charge a higher commission but if you only plan to buy and sell shares a few times during the year, your bank may be the best option.
You can also find the latest stockbroker charges on askaboutmoney.com
The last few weeks have seen a very volatile stock market.