Not for the small invester 09 July 2013 Reviewer: Matty G from Leeds, UK
203 of 360 people found this review helpful
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I paid £50 into my share center account and purchased shares at a cost of £35.05 on the 8th August 2011 and paid a commision fee of £7.50. I sold the shares on 27th June 2013 for a small loss as they sold for £ 32.87. I again was charged £7.50 commision.
When I closed my account with Share Center I only recieved £ 12.73 back into my bank account so of the £50 initially invested I lost £2.18 on the shares and £ 35.09 on commision and other fees. I should think purchasing shares from share center is only worth while if you are investing hundreds of pounds. Otherwise even if your shares do well,any profit will be wiped out from this greedy company.
I feel like I have been robbed. I should have opened up an ISA account or a savings account and left the share dealing for the rich man.
You have been warned.
In summary, I would not recommend The Share Centre to a friend.