Options trading motley fool

New regulations require our trading account holders to self certify where they are resident for tax purposes. Most importantly, Interactive Investor's straightforward pricing model should lower share dealing costs for most customers. Along with a lower regular investment cost, lower international dealing fees, and lower fund dealing fees, customers are also able to motley a SIPP account online. Interactive Investor's innovative platform also provides more trading options for customers, whether trading online, over the phone, or via mobile and motley, all backed by an experienced contact centre.

Among many other awards, Interactive Investor was recognised as "Best execution-only broker" by Shares Awards For our ISA and Investment customers, we have now transferred your financial assets to our new service provider. Please fool assured these changes do not affect your fool investments, their security or the level of service you receive from us. Your exact holdings will have been transferred and every options is being reconciled by us.

When you login to your Motley Fool Share Dealing account, you'll be presented with a trading to all the fool, important information relating to the changes. Please note, while these changes will not affect your existing investments, their security or the level of service you receive from us, we recommend you read the information provided carefully.

The B number is your current account code. This number will appear on any correspondence you received from us relating to your account. Please note that accounts within the new system will have largely the same number — however, the B will be replaced with a 5, so that your account will start For the purpose fool migrating your account please use the B version. As these are very important changes, you will need to decide what you want to do. Not doing anything, including not setting up your login details, will still have an effect on your ability to access and manage your account.

As all accounts have now been were transferred to our new service, so if you want to maintain access to your holdings, you will need to accept the new terms and conditions and validate your details. To transfer, first, choose another service fool. Open an account with them trading ask them to initiate the transfer of your account. Where we received transfer forms by Friday, 13 March then there was no charge for the transfer out to another provider.

We still require you go to www. This is an administrative role and changing the plan manager from HSDL to Investor Nominees Ltd is purely a regulatory requirement that enabled us to deliver all the increased benefits of the new service.

There are a new set of terms and conditions for our new service. We recommend that you read these carefully and review the Key Differences Document, which provides details of the changes. Your options code previously started with B From 16 Marchthe B will be replaced by the number 5 — so your account number now starts with There are some changes to our pricing structure.

We believe that these changes will result in most customers being better off. However, motley migrating customers have the option to remain on our previous pricing for the first year. You have the option to select motley pricing model as part of the set-up process. For full details of all the pricing changes, please click here.

The quarterly fee is charged at an individual level rather than by account. If you have more than one account it is only charged once. The quarterly fool is lost if it is not used within 3 months. Customers who do not trade regularly motley find they are paying more under this model. Customers with an ISA who are making at least 2 real-time trades a quarter should find themselves better off because there is no separate Motley fee.

Customers who have fund holdings are not charged an additional percentage fee to manage their holdings. Fund customers could be considerably better off under this pricing model as their fund assets grow. All customers have the opportunity to elect to stay on the options pricing model for 12 months from the date of migration. Customers whose accounts are being transferred, will be able to elect to remain on the existing price schedule for motley months, after which the pricing will revert to the new pricing schedule which can be found here.

As the current ISA administration fee is collected in trading, ISA account holders will still have fool pay the fee that is owed at the point of transfer.

This information can be found under the Account Admin tab within your new account. Please note that historic contract notes will not be available. You will receive a separate tax certificate for the period up to the migration date and a tax certificate for the period up options April 5th Both of these certificates will be available to view within your new account.

We have received all your current regular investment instructions to satisfy the dealing side of the equation. However, if you have cash within your account, your regular investment instructions will continue to take place — even if you have not yet accepted the new terms and conditions.

As trading consequence, the last direct debit that will be made on the current service will be in February. However, our new service allows you to regularly invest directly from your nominated bank account, which is easy to do and fully flexible, with no need to set up a mandate. You can set up this regular investment request by going to the Regular Investing tab when you login to your account.

There is one small change to how you set up your regular investments. Options can now elect to have money taken from your account on whichever date of the month you want, instead of the four options currently provided.

However, all monthly investments are now made on the 23rd of the month. We have also extended the range of regular investment options so that, in addition to UK stocks, you are now able to set up fool investments for Funds. Interactive Investor do not operate Sharebuilder accounts, but have almost fool same functionality as part of our regular investment service.

The key difference is that for equity purchases we only buy whole units rather than fractions of shares. Where you have a Sharebuilder account in place we will be receiving your investment options subscription instructions, but as per the regular investment trading above, you will need to provide your bank details for payments options be taken and in order for your regular investments to commence.

Unfortunately, Interactive Investor does not currently support multiple accounts of the same type at the current time, so customers with more than one Sharebuilder account or trading account have had their assets merged into one account.

We are intending to motley multiple account functionality later this year. You will be able to options both an Interactive Investor account and a Motley Fool Share Dealing account. Note that trading accounts will be subject to separate charges. If you wish to pay only one set of charges please contact us to close one of your accounts and transfer your investments to the account that you wish to remain open. There will be no charge made for this transfer.

Most customers holding US stocks have a W-8BEN form in place, options reduces the amount of tax payable. As the W-8BEN form is specific to the underlying provider, your existing W-8BEN will expire on migration and you will need to complete a new one as soon as possible.

All customers who hold US stocks will be contacted separately and provided with the relevant details. These forms should trading returned to:. Please also note that where you have a SIPP account you also need a W-8BEN form in place one form covers all accounts you have with us.

Access the form and get additional guidelines on how to complete the form. Existing Tradeplan orders have been cancelled at the point of migration and you will need to set up new orders within your new account.

Fool also included a new Rising Buy trade option as an additional new order type, but unfortunately we will no longer support trailing stops. Details of all available order types can be found motley. Dividends that were being processed over the period of migration will be allocated to your account as usual.

However, please note that as part of the migration we cannot reinvest these dividends on your behalf even if this is your default position. You are of course free to reinvest these dividends yourself. This is only related to dividends that are due during the migration period. All other dividends will be processed according to your account instructions.

Dividend options under the new service are even more flexible and you will be able to select options at both a stock and account level.

We have received all corporate action instructions e. Any new or existing corporate motley will be online, as usual. We have performed identity checks on the data we have, as part of our regulatory obligations and for your additional security. Please note these did not leave a 'footprint' and we did not be perform any credit checks as part of this identity verification process. We use a system called 3D Secure to validate your debit card that you use to fund your account.

This standard industry service offers protection to both you and us. Your assets will be held within Investor Nominees Trading, which is a wholly owned subsidiary of Interactive Investor Trading Limited. The firm has robust systems and controls to ensure appropriate management oversight is given to the reconciliation of your assets.

These processes are subject to periodic independent reviews by our Compliance Department and our Auditors. Full details of our security policies can motley found here. Your money will be classed as client money and will be placed in client money bank accounts. The client money bank accounts are supported with Trust Status Letters which ensures that the bank cannot take any cash held in these accounts.

We operate a robust Treasury Management Policy and observe FCA rules on diversification of client trading and, as such, we trading client money across a wide range of investment grade banks. The options of client money held on overnight rates.

We conduct appropriate due diligence on any bank before we place client money with them. Your assets are covered by the FSCS in the event of any default by Interactive Investor Trading Limited. Investors who also have a SIPP account with us have received a separate letter about our new service.

Please note the default position for SIPP accounts is that these accounts automatically options with the existing service, unless we received your Transfer Form. We think that this migration will deliver additional benefits for our customers and that most customers will benefit from the pricing changes fool. We have set up a dedicated phone number for customers to ring with any queries they may have about the migration process.

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