Terms of Commission-Free Trading for a Month Offer / Selftrade

Client Money and Deposit

Selftrade has become a bank with deposit taking permissions granted by the Financial Services Authority (FSA). This marks an extension of Selftrade's execution-only stock broking service, which remains at the heart of the Selftrade business. It is the first step for Selftrade towards offering the full range of banking services, subject to further FSA approval.

For those customers opening an account for the first time with Selftrade on or after 14 November 2011, cash balances will be held as a Deposit with Selftrade (exceptions apply).

Customers who held accounts before 14 November 2011 have the option to hold cash balances as Client Money or as a Deposit with Selftrade.

We cannot advise you on which choice to make, however the information below explains the key differences between Client Money and Deposit.

New Customers

For customers opening an account for the first time with Selftrade on or after 14 November 2011, cash balances will be held as a Deposit with Selftrade.

The following exceptions apply:
New Child Trust Fund accounts will be set up as Client Money.
New SIPP Dealing accounts will be set up on the status determined by the SIPP Trustee.

For more information about Client Money and Deposit, please see FAQs 1 - 5. or the Your Money section.

Customers prior to 14th November 2011

Selftrade will offer you the choice of how you wish cash balances in your account(s) to be held in the future.

Cash balances are currently held as Client Money. You will have the option for your money to be held as a Deposit with Selftrade.

To help you decide how you would like Selftrade to hold your cash balances in the future, please read the Making your mind up - Client Money or Deposit? leaflet and the FAQs.

They explain in detail the differences between Client Money and Deposit. If you require further information or are unsure about your rights under the FSCS, you should seek advice from an independent financial or legal adviser.

If you hold any combination of personal Dealing account, Shares ISA and SIPP Dealing account, you will make your selection on-line when you log-in to your account after 3rd December 2011.

If you hold a Joint dealing account, Investment Club dealing account, Company dealing account or if you are a customer of the James Hay Partnership, you will need to make your selection by sending a form back to Selftrade through the post.

Customers will have received a letter through the post in November 2011 which explains all of the above information. Please contact Customer Service if you have not received the letter and wish for a duplicate letter and forms to be sent.

More information about Client Money and Deposit can be found in the Your money section of our website

Useful websites:
FSCS www.fscs.org.uk
The Money Advice Service www.moneyadviceservice.org.uk

Market data

Name	Latest	Var
FTSE 100	5,403.28(c)	+1.86%
FTSE 250	10,579.52(c)	+1.38%
DOW INDUSTRIALS	12,502.81(c)	-0.01%
HONG KONG HANG SENG INDIC	18,728.48	-1.63%
Nikkei 225	8,573.28	-1.79%

Name	Latest	Var
ROYAL BANK SCOT	21.95(c)	+5.53%
WEIR GRP.	1,582.00(c)	+5.26%
FRESNILLO	1,387.00(c)	+5.16%
BARCLAYS	188.90(c)	+4.94%
WOLSELEY	2,255.00(c)	+4.59%

Name	Latest	Var
MAN GROUP	77.65(c)	-1.46%
MORRISON (WM)	268.00(c)	-0.89%
BSKYB	690.50(c)	-0.72%
BURBERRY GRP	1,386.00(c)	-0.57%
IMP.TOBACCO GRP	2,398.00(c)	-0.50%

Buys

Name	Latest	Var
AVIVA	278.20(c)	+3.69%
VODAFONE GRP.	172.00(c)	+4.24%
LLOYDS GRP.	27.61(c)	+4.52%
BP	401.95(c)	+1.61%
RED EMPEROR RES	17.50(c)	+12.90%

Sells

Name	Latest	Var
LLOYDS GRP.	27.61(c)	+4.52%
YELL GRP.	2.41(c)	-23.73%
RED EMPEROR RES	17.50(c)	+12.90%
VODAFONE GRP.	172.00(c)	+4.24%
BLINKX	47.00(c)	+0.00%

Selftrade is a trading name and Selftrade® a registered trademark of Talos Securities Limited, which is authorised and regulated by the Financial Services Authority (FSA Register number 208271) and is a member of the London Stock Exchange and PLUS Markets. Talos Securities Ltd is incorporated in England and Wales (Registration No. 4196325, Registered Address: Boatman's House, 2 Selsdon Way, London E14 9LA). VAT No. 629 2807 22.

Data: include Bondscape, Dow Jones, Factset, FTSE, Morningstar. Conditions may apply.

Account applications

Dealing account and ISA

CFDs and Spread Betting

Other Investment Accounts and Transfers

It is not possible to apply online for a Child Trust Fund, Investment Club, a Company, Joint, Designated or a SIPP Dealing account. You can download the application forms from the Forms section. If you are looking to transfer an account from another broker, you will also find the appropriate form in this section.

Important Information

Before applying for an account, please ensure you read and understand the Investment Risk Warnings and other important information.

If you are applying for a Selftrade CFD or Selftrade Spread Betting account, provided in association with City Index, please ensure you understand the risks before you open an account and trade, by reading the Terms and Policies and Risk Warning Notices and by completing an appropriateness assessment as part of your account application.

As margined products, which afford substantial leverage, CFD trading and spread betting involve above average risk to your capital. It is possible to quickly lose more money than your initial deposit and you may be required to make further deposits at short notice.

Need more information?
Visit our service pages for more details on the accounts we offer.