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Selftrade (SELF)     

midknight - 28 Apr 2014 11:11

There has been a lot of coverage in the weekend press
and on the BBC Radio 4 Moneybox programme about Selftrade's
intrusive questionnaire sent to clients. Any clues or views?

Fred1new - 21 Oct 2014 14:48 - 61 of 109

Suther,

Try Barclays.

They have SIPP accounts.

I have always found them helpful and I could at least understand the forms. Also act as administrator for ISA accounts and fees acceptable.





sutherlh1 - 21 Oct 2014 16:36 - 62 of 109

yes Fred, agree, I have mine and wife's ISA with Barclays. So looking somewhere else for my Sipp so as not to put all eggs in one basket, H

midknight - 10 Nov 2014 10:03 - 63 of 109

Regarding transfers

sutherlh1 - 10 Nov 2014 10:22 - 64 of 109

I am transferring my Sipp investments to AJ Bell You Invest from Selftrade for simplicity as AJ Bell are the administrator, otherwise I need to find another.
Thanks all for comments, H

HARRYCAT - 23 Jan 2015 16:48 - 65 of 109

Selftrade ceases to be a broker this weekend.

Stan - 23 Jan 2015 16:49 - 66 of 109

Realy? hope no one has lost money with them.

Stan - 23 Jan 2015 16:52 - 67 of 109

A/C's transferred: http://http://www.selftrade.co.uk/

HARRYCAT - 23 Jan 2015 16:53 - 68 of 109

No. They are closing their brokerage. All accounts are transferring to other providers.

Fred1new - 23 Jan 2015 17:20 - 69 of 109

I have/had an account on Selftrade, which I "manage".

No problem with closure of accounts, transfers or one being switched to Equiniti .

Functions OK.

55011 - 23 Jan 2015 22:44 - 70 of 109

Selftrade had a trading platform that I found more informative and versatile than those of some of its (cheaper) competitors.

It is now down to the way the future Equinity handles the client relationship. I wonder whether the TUPE rules have been invoked?

If not up to scratch, there is a free transfer-out period which could be activated.

55011 - 26 Jan 2015 09:19 - 71 of 109

Fiddly access to "new" site.

One significant loss is that the share quote no longer shows the max market size available at that time.

Also no longer able to get a "buy" quote if insufficient funds to cover it, or to get a "sell" quote if insufficient stock to cover it. Was a most useful feature of the old system in testing the market, especially where liquidity was greatly variable.

HARRYCAT - 26 Jan 2015 09:26 - 72 of 109

Yes, I agree. Very basic at mo, but suspect things will get better as the platform is updated. I think it's basically the Equiniti operating system but under the Selftrade banner, which I reckon will eventually migrate to the Equiniti system proper in time.

midknight - 26 Jan 2015 11:52 - 73 of 109

After having been with them for years, I have transferred out
since my last post here, basically because of the Selftrade
approach to customers since their ill-fated questionnaires were sent out.
Incidentally, if any customer here did not send for their Transfer to Equiniti
chunky booklet, in future one will have to answer such questions.

55011 - 26 Jan 2015 12:21 - 74 of 109

Well, it has collapsed already.

Two different sets of id/passwords forms, neither of them working.

Time to transfer out I think.

midknight - 26 Jan 2015 12:25 - 75 of 109

55, a stitch in time...
I wouldn't have gone to any outfit Selftrade recommended.

Stan - 26 Jan 2015 12:27 - 76 of 109

I left this lot years ago and can't believe people have stuck with them over the years, always being taken over etc which has never been good for continuity of service. Good luck with Equiniti when it settles down.

HARRYCAT - 26 Jan 2015 12:56 - 77 of 109

55011....there are always going to glitches at the start of a new service. Of course it's up to you if you want to persevere, but a faultless start was never going to happen, imo.

55011 - 26 Jan 2015 13:07 - 78 of 109

At least it is not the only brokerage account I have, so I can still place business elsewhere...........

Legally, with all the time (and the extension) there has been to prepare for the Equinity/Selftrade deal implementation, a court would surely uphold the notion that it would be reasonable to expect a seamless changeover.

humpback321 - 26 Jan 2015 18:09 - 79 of 109

Unable to acess a/c. On trying to log in, asked for usual a/c no. D.O.B. and pin, then asked for member user name and password which I have not been asked for beforeand did nor know. On trying to access :FORGOTTEN PASSWORD; a message of -sorry not able to process your request contact our team on 0845 0700 720- On phoning message YOU ARE IN A QUEUE One for 20 mins and another for 30 mins , still no answer. I have not been able to access a/c or trade. Very unsatisfactoy. Anybody else having problems?

HARRYCAT - 26 Jan 2015 20:12 - 80 of 109

Seems to work pretty well for me. Second time of logging in it only asks for 3 random PIN digits. Worth checking some of the personal details within the account as it seems the SMS or e-mail alert instructions have not been carried forward to the new platform. Also have discovered that the form W-8BEN for trading US stocks has an expiry date, so will need to be renewed.
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