What is The Share Centre?
The Share Centre has been offering stockbroking services to DIY investors since the early 1990s.
Now offering a full range of investment options including funds, The Share Centre has more than 265,000 accounts under its administration.
- Find out more: read our guide to the best and worst investment platforms
What accounts and services does The Share Centre offer?
The information below gives an at-glance view of the key things that the accounts and services The Share Centre offers.
Elements marked with a ✓ are offered by The Share Centre and those marked with a ✘ are not.
✓ General investment account
A general investment account that can hold different types of investments but doesn’t give tax-free benefits like pensions and Isas.
✓ Stocks and shares Isa
A stocks and shares Isa is a tax-free account that allows you to put your money in a range of investments.
✓ Junior Isa
A junior Isa is a tax-free savings account for under 18s.
A Sipp is a pension where you have complete control over the investments you put your savings into.
✘ Lifetime Isa
A lifetime Isa is a tax-free savings or investment account designed to help people aged 18-39 buy their first home or save for retirement.
✘ Advisory services
Advisory services allow you to access professional investment advice.
✘ Banking services
Banking services allow you to operate bank accounts, make transfers and make payments.
✘ Savings account
A savings account is somewhere you can put your money so it can grow in value.
An annuity is an insurance product which allows you to swap your pension savings for a guaranteed regular income that will last for the rest of your life.
✘ Income drawdown
Income drawdown allows you to take money out of your pension to live on in retirement.
- Find out more: how investment platforms work
Is The Share Centre good or bad?
To get an idea of how good or bad The Share Centre is, we asked its customers.
Which?'s rating for customer satisfaction is based on feedback from real customers. The score is made up of a customer's overall satisfaction with the brand, and how likely they are to recommend that brand.
Which? members can exclusively read the results of our unique customer satisfaction survey.
Members can log in to see our review of The Share Centre. If you're not already a member, you can sign up to a one month trial for Which? Money for just £1 to access this review and thousands of others.
|Aspect of service||Star rating|
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|Customer service|| |
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What do customers say about The Share Centre?
- 'I have used The Share Centre for a number of years and have moved several holdings to them apart from the complete switch from Charles Stanley. They have also modified their website but there have been no problems unlike Selftrade. Whenever I need assistance they have been very helpful.'
- 'I have held a number of accounts with The Share Centre for a considerable no of years and always been pleased with the service, cost and when speaking to them by phone. In all I manage 11 accounts with them including Sipps.'
What are The Share Centre's charges?
- £24 for general investment account (£2/month)
- £60 for stocks and shares Isa (£5/month)
- £180 for Sipp (£15/month)
- £18 for DIY Junior Isa
- £7.50 per deal for trades less than £750, 1% for £750 and above
- £25 fee to transfer out
We’ve estimated the cost of investing various sums in investment platforms over the course of a year in the table below. The costs assume you only buy funds (shares work out slightly cheaper with some companies), and make four purchases and four sales each year.
|Amount invested||Annual cost|
|£100 a month||£70|
Source: Analysis by Which? Money correct as of April 2019
Read our comparison of investment platform charges to see how much investing with The Share Centre costs for a range of portfolios.
Who is The Share Centre good for?
Fixed fees make The Share Centre more suitable for investors with medium-to-large portfolios (over £50,000).
Who is The Share Centre expensive for?
In our cost-comparison, The Share Centre was never the cheapest option for any size of portfolio.
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