Selftrade launches UK mobile share dealing service

Selftrade launches UK mobile share dealing service

Online broker Selftrade is launching a new service that will enable its UK customers to trade shares using their mobile phones.

Selftrade - which is a subsidiary of Société Générale unit Boursorama - is introducing its online mobile trading service in the UK tomorrow. The service will enable customers to deal in investments traded on the London Stock Exchange (LSE) via their handsets.

Using mobile Internet, customers can view portfolios, statements and open orders as well as make trades. Subscribers will be able to deal in UK shares as well as buy and sell other types of investments, including covered warrants, exchange traded commodities and exchange traded funds.

Users will also be able to view news and 15 minute delayed market data.

Commenting on the new service, Mark Pearson, marketing director, Selftrade, says: "With market news and data at your finger tips, it no longer matters if you aren't by a PC at a critical time, now you can always identify and then act upon investment opportunities and market movements all from one source, while on the move."

Dealing and account fees are the same as for online, telephone and mail trades, although the firm is offering five free mobile trades to customers who sign up to the service by the end of July.

Last week online discount brokerage E*Trade launched a free software application in the US that is designed specifically for Blackberry handheld devices.

The E*Trade Mobile Pro system, which is currently in beta mode, provides customers with a complete view of their accounts and the ability to trade equities and options.

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