Midsmartin wrote:Insurance was mentioned above. As far as I can tell the big name brokers I use do not insure my funds against fraud/failure at their end. And even if they did tell me they had insurance, would I believe them if it turned out there was fraud going on?
So can I buy this sort of insurance myself? I've googled a bit with no success.
Brokers offering CREST membership seem thin on the ground, and those I've looked at seem to only offer phone dealing not DIY online dealing.
There don't seem to be any great options available.
I get mine through Charles Stanley Direct. £11.50 a trade and need to do one a month or you pay a £5 admin fee. All online but with telephone if you want it.
I was a transfer from Fidelity when they stopped offering CREST and it was all taken over by Charles Stanley - so I might be 'special'.
Worth looking into though.