John, does this refer to your last trade with Fexco or your first with DBB? I was thinking of moving from Fexco, simply because I don't do enough trades to warrant the €40 annual fee.JohnGonne said:I deal with DBB, only recently transferred from Fexco, and having just done a few deals for small holdings last week, I was flabbergasted by the charges - I work out that Commission, Contract Charge, and Stamp Duty, I paid €315 on share sold with a value of €2,767 - an !!.38% charge.
It means that rather than a physical share cert the Broker holds the shares in trust and instead you get a periodic statement saying that you own XX shares in XXX company. There is usually a charge for holding the shares in this manner. I suppose the concern would be what happens if the broker goes bankrupt, can you recover your shares.kraggy said:hi folks,
could someone shed some light on the significance of this statement?
" Shares must be held in a nominee account - you can't have share certificates."
i see this in reference to many online dealing accounts. e.g. davy, goodbody.
what does it mean exactly?