Find an online broker to work for your limited company’s needs.
Best Share Dealing Accounts for Limited Companies
If you want to get into the stock market, you need a really great account to do so. It’s important to choose an online broker that will support your needs.
The challenge comes when you need something that isn’t part of the ordinary. For example, most share dealing accounts are set up for the use of an individual.
But what if you own a business or perhaps a limited company? You have the right to trade shares and stocks too in most cases, under the capacity of the company. The challenge is finding a share dealing provider that will be easy to work with, allow businesses to sign up and trade, and will provide for your needs.
There are options out there. You just need to know where to look.
We’ve put together a list of share dealing account providers to help you navigate the choices and find an online broker to work for your limited company’s needs.
Check it out below!
What is a Share Dealing Account?
Don’t be thrown off by the terminology here. A share dealing account is just a type of account that allows you to hold investments, as well as buy and sell investments within the account. Different providers will have varying costs, fees, and things to offer their clients.
In this type of account, the owner, or limited company, is buying and selling different company shares. In most cases, they are looking for the opportunity to earn income from dividends or make a profit in their account.
There are plenty of share dealing accounts to choose from, so you can pick what works for you.
The Top Share Dealing Accounts for Limited Companies
We’ve done the research for you and narrowed down the share dealing accounts that are the top choices in the market.
Each of these providers offers limited company accounts and they have unique things about them that may or may not stand out to you. Take a look through these detailed overviews to see if you can find a great fit!
*IG Disclaimer: Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
|1. AJ Bell||★★★★★||Click Here|
|*2. IG||★★★★★||Click Here|
|3. InvestEngine||★★★★★||Click Here|
|4. Interactive Brokers||★★★★★||Click Here|
|5. Hargreaves Lansdown||★★★★★||Click Here|
|6. Revolut Business||★★★★★||Click Here|
1. AJ Bell
AJ Bell is probably one of the oldest investment providers out there. They have a longstanding history and they’ve maintained a great reputation through the years.
They have quality customer service, and a wide range of investment accounts and options, including limited company accounts. There is a specified process for limited companies to go through, and they cater specifically to the UK in this capacity.
The company is a large company and they have a lot of investment assets. They have about 400,000 customers, which is plenty to vouch for their quality. They also have a wide selection of investments choices, which ranges from stocks and shares to investment funds, and several other things too. They have several different accounts, and even limited companies have a few options.
The company is known for their low fees. However, it does take a little bit of getting used to learning the platform. If you’ve never traded before, beginners will need a bit of a learning curve. At the same time, they provide plenty of educational materials.
They even have pre-made portfolios if you want to just pick something already set up for you. Even choosing a ready-made portfolio, you can still manage it in your own way.
✔️ Affordable accounts
✔️ Tons of investment assets to choose from
✔️ Low fees
✔️ Choose ready-made portfolios if you prefer
✔️ Excellent customer service
❌️ Not easy for beginners to figure out
IG is a well-known investment company and they offer a variety of corporate accounts, including options for limited companies. They are another well-established platform and they have a wide variety of options when it comes to trading. They are one of the most well-known platforms for spread betting, if that is something you are looking for.
IG is considered one of the top investment providers in the UK. They are great for both beginners and advanced users, and are known for offering capabilities to many investments that a lot of top companies simply won’t deal with. That means you have plenty of variety and capability at your fingertips.
This company dates back to 1974, and they’ve always had a strong reputation. They’ve gradually continued to build up through the years and have a massive following now. It’s a well-rounded platform all around so you can trade however you want to with very few limitations and constraints.
This platform is also great for resources and trading tools. They offer their customers plenty of education and useful insights to help you be successful in the markets. They even have a demo account to try out.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
✔️ Wide variety of assets
✔️ One of the top trading providers
✔️ Been around since 1974
✔️ Plenty of tools and education
✔️ Great for beginners and advanced traders
❌️ Some of the fee structures are complicated to understand
InvestEngine is primarily designed for trading EFTs, so it may not be a great fit for every limited company. However, if this is where your interests lie, they really are great to work with.
And their fees are really low, so you don’t have to worry about excessive costs. This is the fit for the limited companies just looking to dip into the markets a little bit but still have diversity.
While they only trade ETFs, they really have a great platform with lots of nice little frills and tools for their customers. They offer self-directed as well as managed portfolios and both are cheap. Your managed portfolios only charge .25%, which is astronomically low. And if you want to be self-directed, you pay no fees for the account, just associated trading fees.
Their customer support is pretty awesome. Since they only trade in ETFs, they are easily experts on their market. Even with ETFs, they have more than 500 of those, which is one of the broadest ranges for just this type of investment option. It’s nice to not feel limited or restricted, even on a platform that is limited by nature.
✔️ High quality platform
✔️ Phenomenal customer service
✔️ More than 500 ETFs to trade from
✔️ Cheap to use
✔️ Overall great company
❌️ Only able to trade ETFs
4. Interactive Brokers
Interactive Brokers is fast, reliable, affordable, and incredibly savvy. They do offer a lot of education and tools for beginning traders, but they really appeal to the experienced trader in terms of meeting their needs and not being overly simplified.
This means that any level of trading expertise can find their place here and enjoy an awesome share dealing experience.
Interactive Brokers has been around for a long time. They offer stocks, ETFs, mutual funds, commodities, and more. And they’ve been doing that since 1978. They’ve had time to establish themselves and that has led them to be one of the largest brokerage companies out there.
Perhaps one of the best qualities about this platform is that they’ve created a design that is as simple or as intuitive as you really need or want it to be. You can navigate easily and quickly to do whatever it is you’re after. Their trading execution is speedy too. You’ve got close access to data, research, reports, and trading tools.
Last, but not least, Interactive Brokers has excellent customer service and that is something that will always set a share dealing agency apart.
✔️ Robust platform
✔️ Great service
✔️ Easy to use platform
✔️ Wide variety of asset choices
✔️ Quick and responsive
❌️ Higher minimum deposit
5. Hargreaves Lansdown
If you want a really great share dealing account for limited companies, Hargreaves Lansdown has some really great options.
They even allow limited companies to pay into pension plans if they want to, which is another nice benefit that you may want to take advantage of. It’s always nice to have options, right?
This company is a publicly traded company as well, listed on the FTSE 100.
They are the largest investment platform in the UK to date, thanks to their additional offerings for businesses just like yours. They have a lot to offer and you can trade more than 15,000 different investment assets of all finds.
They also offer a variety of trading choices. Choose from ready-made portfolios, pay them to manage your portfolio completely, or manage it all on your own. It’s totally up to you. The costs are inexpensive, with most fees related to dealing charges and not the platform itself.
They are completely robust, and yet they don’t overcomplicate their offerings, which means they cater to a wide variety of people and strive to provide for your trading needs no matter what they may be.
✔️ Relatively low fees
✔️ More than 15,000 assets
✔️ Allows limited companies to open pension plans
✔️ Robust and intuitive platform
✔️ Publicly traded company
❌️ Trading stocks and ETFs can have higher fees
6. Revolut Business
Revolut has been continually adding to their choices, and one of their more recent additions is the Revolut Business side. Now, this has been available for a few years, and it only continues to improve.
One of the things that stands out for them with a limited company is the ability to qualify for a free business account. So often, businesses are not given these benefits so it’s a really nice perk that makes them stand out for sure.
As a business, you will find that the account opening process is pretty simple. They also have a mobile app to make your share dealing processes simple and convenient every step of the way. They have many different selections, including a wide variety of price points and investment options to choose from.
✔️ Easy account opening
✔️ Free business account options
✔️ Wide selection of investment instruments
✔️ Simplicity in a mobile app
✔️ Innovative company
❌️ Free accounts are limited
Choosing a Share Dealing Provider for Limited Companies
These are just a few of the great options out there you can utilize for a share dealing account. Many of them are unique or have their own little niche that appeals to customers in some way.
When you’re sorting through the options, how do you make a final decision? Check out these things to consider as you choose which provider will work best for your needs.
Every limited company has a budget to monitor. For some, it may be a tight budget to be investing with. That means that high fees are more money out of your pocket and could limit your investment choices anymore.
What you will find is that every company has a different fee structure.
Some will charge you for the account and then charge specific trading fees. Others will allow you to use a free account, but may charge for every little thing you do. And even others will have free accounts, but their paid accounts have the better features.
Take the time to really dig into the fee setup for any share dealing account you are interested in. It’s important to know and understand the fees and how they may impact your company.
Type of Account
What type of account(s) do you want or need for share dealing? Obviously, you need a business account, but there are some companies that also allow you to set up pension plans if you want to. In addition to that, you can choose from a variety of account types, like these.
- Pre-made portfolios
- Robo adviser
- Fully managed
What type of setup are you looking for? Do you want to be able to direct all of your own choices or just let someone do it for you? In the pre-made portfolios, they give you a designed portfolio of your choice, but then you have the ability to make changes too. They just provide you with the initial setup and then you take it from there.
Every provider will also offer different accounts of their own. This could include their tiers of paid accounts and free accounts, but they will have several account options and types. Take the time to review your choices and pick what you need or want.
Every investor has their own plans and ideas about how their investing is going to look. This goes for limited companies too. You’re going to have thoughts about what you want to hold in this account. Are you looking at stocks, bonds, mutual funds, ETFs, or what?
The first thing to do is make sure that the share dealing provider will have those investment choices available.
Figuring out if you can access the types of assets you’re interested in is a big part of this process. After all, it will do you no good to open an account that only has mutual funds if you want access to stocks and bonds too.
You may not know yet what you really want to invest in and that’s ok. If you aren’t sure, try choosing a broker that has a good variety of choices for you to choose from.
Ease of Use
Even experienced traders want a platform that is easy to use. It’s not necessarily that the platform is overly simplified, just that going through the trading steps is simple. Your trading should be able to happen quickly and easily. You also need to have education, tools, and resources at your fingertips to meet your needs.
Every platform will be different here. They all have unique designs so you will find that there is a learning curve for every platform. But in the end, it needs to be something you can figure out pretty easily, even on a robust platform.
Finally, customer service is an essential aspect of your decision, especially as a limited company. When you need assistance, you want to know that you will be treated kindly, receive the help that you need, and have close access or a quick response time.
Look at customer service options. When will they be available and how can you contact them? Will these timeframes or access options work for you? With any luck, you will never need quick customer service, but do you feel confident in the service that is available to you when you need it?
This will be solely based on your preferences and it’s an important element.
Limited companies are sometimes more limited on a share dealing account than an individual would be, but there are still plenty of options out there. The key is to take the time to determine what your needs are and which share dealing account is going to best meet those needs. Any of these providers will be a great choice and they are all different in some way.
Figure out your budget, decide your investment needs, and then get started and invest in the way that works for you.
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