Execution-only brokers Squaregain and Selftrade have merged to become one of the UK’s largest retail stockbrokers by trading volumes. Th...

Execution-only brokers Squaregain and Selftrade have merged to become one of the UK’s largest retail stockbrokers by trading volumes. The merged entity has taken the Selftrade name and has transferred clients onto the Squaregain trading platform. Selftrade offers investors access to dealing, self select ISA, PEP and SIPP dealing accounts. Also available are Child Trust Funds, Child SIPP, Company Dealing accounts, while a CFD and spread betting service is provided by City Index. Neil Jamison, retail marketing and business development officer, Selftrade, told WealthBriefing: “Behind a single log-in you have access to a range of dealing accounts, there is a flat fee of £12.50 regardless of whatever it happens to be you are dealing in. Also we have one of the largest physical dealing desks in the UK manned by individuals with over 20 years experience, in case you have any problems online such as dealing with large amounts of stock. “We are an execution-only service but we are sophisticated operation; the website is crammed with detailed information such as the 'Investor Intelligence' analysis. Many clients have been introduced to us by third party client managers, creating a three-way relationship,” he said.