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Penny Shares
Penny Shares are shares of smaller holdings which have a low value. There is no official rule for when an equity becomes a penny share but it tends to be when the bid-spread offer is around 10% of the offer price or if the share price is less than 50p.
Penny shares are normally issued by companies that are generally capped at under £100 million and have only just started trading. These companies are likely only to have a small amount of assets and a short operating history and so, as a result, these shares are usually lower in price. This is in contrast to shares in large blue-chip companies which will have the stability of a large amount of assets and a long trading history to fall back on.
| Five Key Benefits of trading Penny Shares with Bank of Scotland Share Dealing |
| 1. Highly competitive dealing charges - deal online for only £5 for deals worth under £250, £11.95 for all other deals (excluding international trades) or over the telephone from £15 |
| 2. Be the first to invest in the companies of tomorrow |
| 3. Benefit from potentially large returns - but equally be aware of large losses |
| 4. Access to Advanced Dealing (TradePlan), a new way to control risk and maximise profit |
| 5. Open an account with Bank of Scotland Share Dealing and have access to our new Research Centre to find out all you need to know to invest in the FTSE with confidence |
Opening Your Account
Your Bank of Scotland Share Dealing Account can be opened with a £100 initial deposit. This can then be invested into any eligible investment of your choice.
Transfer from your current provider- Find out more about how to transfer from your existing provider to a Bank of Scotland Share Dealing!
Next Steps
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Apply online for an account - it only takes a few minutes |
Telephone our UK based call centre on 0845 606 1188 to find out more today (lines are open 8am - 9.15pm Monday to Friday and 9am -1pm Saturday excluding English Bank Holidays.)
Click here to view our Regulatory Information
Halifax Share Dealing Limited trading as the Bank of Scotland Share Dealing Service. Halifax Share Dealing Limited. Registered in England No. 3195646. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Authorised and regulated by the Financial Services Authority, 25 The North Colonnade, Canary Wharf, London, E14 5HS. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.
