The Trading Process

Once you've logged in and activated your account you can start trading. RBS Sharedealing has tried to make the trading process as simple and intuitive as possible. To help you understand how things work while you are trading here are the basics on things like Settlement Periods and Order Types to Viewing Your Portfolio and using Virtual portfolio.

Trading Process

Choose your market.
As well as trading in the UK, a Direct Trader Account allows you to deal in 17 international markets so there's plenty to choose from

Choose a stock you want to trade in. If you already know the symbol, just type it in. If not, use our Symbol Lookup service to find it for you.

Finally, choose your order type. This tells us how you want your trade to be executed for you.

The value of investments, and the income from them, can fall as well as rise, and you may not get back the full amount you invest.

More Info

The most common form of trading is equity trading, which simply means the buying and selling of company stocks and shares. You can also buy and sell unit trusts, bonds, gilts and investment trusts.

Go to www.rbs-sharedealing.co.uk

If you feel comfortable with these steps, go to
www.rbs-sharedealing.co.uk

Settlement Periods

A settlement period is the time between placing your trade and when payment is due. You can choose when you wish to settle from the Place an Order page.

3 working days is the normal market time that brokers and the markets can swap all the necessary details (shares and money) to complete a trade. These 3 days are known as the standard settlement period of T+3.

Extended Settlement

RBS Sharedealing offer extended settlement periods (T+ 5, T+10 and T+20 online), on the UK market only, which allows you to take a longer look at market conditions before deciding when to pay for your shares or sell them. When trading on extended settlement the Retail Service Providers (RSPs) are not obliged to offer their displayed price and may add a funding charge of up to 1%. Therefore, our dealing representatives and online service will always canvas a number of RSPs to acquire the best price available to you.

Order Types

Most orders are market orders where you accept to buy or sell at the price quoted for you on the Order Confirmation screen. Order Types help you keep control of your investments for times when you cannot constantly monitor prices. There are three main types:

  1. Limit Orders
    There are two types of Limit order: buy and sell. Limit orders let you leave an order to be dealt automatically once the price hits your specified limit. We will constantly monitor the share prices for you up to 90 days for UK orders and 20 days for international orders.
  2. Stop Loss
    Stop losses let you leave an order to automatically sell if the price of a stock falls to your chosen level. The order will be dealt at market best as soon as the stop loss price has been reached.
  3. Fill or Kill
    A fill or kill lets you place an order with a limit price, and if our dealers can get your limit price or better, there and then your order will be placed (filled). If it is not possible to get your desired limit price it will be cancelled (killed) from the order book immediately.

More essential trading information

View Your Portfolio

You can view your portfolio any time online. It shows all the investments you hold in your account.

From the top menu choose Account Administration and then select Portfolio Holdings from the dropdown.

The Portfolio page shows all the investments you hold within your account. You can choose how the information is displayed (e.g. click the column headers to sort data in ascending/ descending order, adjust column widths etc).

Remember: You can amend any book cost by double clicking on it and entering your preferred figure.

Virtual Portfolio

Virtual portfolio is a useful tool that allows you to test the market by monitoring the performance of selected shares before you actually commit to it. It allows you to build a 'fantasy portfolio' so you can keep track of shares you're interested in on both UK and International markets.

From the top menu choose Virtual portfolio. Go to www.rbs-sharedealing.co.uk

Your Account Number

Your Account number is usually given to you at the end of your account opening process, but can also be found on your Account Confirmation letter. Please note: Username and Account Number are the same thing.

Login password

Your Login password will have been sent to you within 2 hours of opening your account, or within 2 working days if you opted to receive it by post.