Online stock trading first arrived in Britain 15 years ago this year. Looking back, it’s no exaggeration to say that those 15 years have utterly revolutionised the opportunities available to the average private investor.
Back then, placing a trade meant calling up your broker – at the time, mine was some long-since rebranded arm of Barclays – and paying at least £25–£30 in commission for even the simplest trades.
Afterwards there was the messy process of receiving and sending paper contract notes and share certificates, which occasionally got lost in transit, causing all sorts of hassle.
No wonder we embraced [...]
Want to read this article now?
Already a MoneyWeek subscriber? Please log in below.
Not a subscriber? Sign-up now for a 4 week FREE trial to get instant access.