Execution Only: A stockbroking service which will buy or sell shares on your behalf but will not give advice or other services. Commission and any other charges are usually lower when using these services.

Advisory: Advisory stockbroking services offer investors advice from a stockbroker - but the final investment decisions are left to the investor. Unlike discretionary stockbroking, the client retains control over each and every investment decision.

Discretionary: A discretionary stock broking service is one that offers portfolio management as well as dealing. Investors simply had over their money to the broker and the broker will make all investment decisions. Investors may however impose constraints such as ethical investing requirements and retain some involvement in the process if they wish. Brokers usually charge a percentage of the value of the portfolio annually for discretionary portfolio management. However, they may not charge commission for each trade made on a discretionary account.

Paper shares: where the investor holds their shares by way of a share certificate.

Nominee Service:

ISA's: Individual Savings Account. An ISA can be made up of an investment in cash, or investments like stocks and shares or insurance. Individual savers are able to invest in two separate ISAs in any one tax year: one cash ISA and one stocks and shares ISA.

SIPP's: Self invested Personal Pension. SIPP's are designed to give the pension scheme member a choice of assets which they can use to get the most out of their pension plan. Assets include stocks & shares, unit trusts and other funds which can be bought or sold to enhance the profitability of the pension scheme.

Derivatives:: A financial instrument whose characiteristics and value depend upon the characteristics and value of an underlier, typically a commodity, bond, equity or currency. Examples of derivatives include futures and options. Advanced investors sometimes purchase or sell derivatives to manage the risk associated with the underlying security, to protect against fluctuations in value, or to profit from periods of inactivity or decline. These techniques can be quite complicated and quite risky.

CFD's: Contract for Difference. A CFD offers you all the benefits of trading shares without having to physically own them. Simply put, it is a contract that is based on the performance of an underlying instrument. It is traded on margin, and just like physical shares, the profit or loss is determined by the difference between the price of the purchase and the price of the sale. CFD’s carry a high level of risk and are therefore unsuitable for all types of investor.

Explanation of Charges:

Spread Betting: Spread-betting is gambling, not investing. Investors are betting on the future movement (either up or down) of a share price, index or a commodity. Odds are in the spread-betting company’s favour and investors’ potential losses are unlimited. Some investors use spread-bets to hedge, or protect, their positions. But the usual risk warnings apply.