Thomas Grant & Company

Thomas Grant & Company
WikiStock Rating	⭐⭐⭐
Fees	Min as 0.05%
Interests on uninvested cash	5.00%
Margin Interest Rates	10%
Mutual Funds Offered	ISAs (Individual Savings Accounts)
App/Platform	N/A
Promotion	N/A

What is Thomas Grant & Company？

　　Thomas Grant & Company offers a diverse range of mutual funds, including share dealing, ISAs, equity derivatives, corporate services, and probate services, attracting investors looking for broad investment opportunities.

　　However, the margin interest rate of 10% may be a drawback for those frequently engaging in leveraged trading.

Pros & Cons

　　Pros:

　　The service offers a broad range of tradable assets and is regulated by the FCA, ensuring a secure trading environment. It provides diverse account options and professional investment advice, ideal for varying investor needs. Additionally, the low commissions and fees (as low as 0.05%) make it an economically attractive option.

　　Cons:

　　However, the platform lacks analytical tools, which are crucial for informed decision-making. There's no promotional activity to attract new clients, and the absence of a specific trading platform will deter users seeking a unified trading experience.

Is Thomas Grant & Company Safe？

• 　　Regulations:

• 　　Thomas Grant & Company is regulated by the United Kingdom Financial Conduct Authority (FCA) under license number 163296.

　　The FCA is a financial regulatory body in the UK that operates independently of the government and is financed by fees charged to members of the financial services industry.



• 　　Funds Safety:

• 　　Thomas Grant & Company prioritizes the safety of client funds by implementing strict policies against accepting third-party deposits and withdrawals. All transactions undergo thorough compliance checks and must adhere to Anti-Money Laundering (AML) regulations, ensuring that the handling of funds meets all legal standards. This approach helps protect client funds from fraud and other financial misconduct.

• 　　Safety Measures:

• 　　Thomas Grant & Company employs industry-standard encryption technology to protect clients' account information. All data is encrypted during storage and protected during transmission to prevent unauthorized access. The company also offers security features such as two-factor authentication (2FA) to safeguard clients' accounts. Deposits and withdrawals are verified to confirm the depositors identity and the legitimacy of funds, and any suspicious transactions are rejected, with the company reserving the right to return funds to the source if discrepancies are detected.

What are securities to trade with Thomas Grant & Company？

　　Thomas Grant & Company offers a diverse range of securities for trading, meeting various investment needs and preferences:

• 　　Share Dealing:

• 　　Investors can trade a wide selection of shares from global markets, providing opportunities to invest in individual companies and capitalize on their performance.

• 　　ISAs (Individual Savings Accounts):

• 　　Thomas Grant & Company offers ISAs, which allow investors to save and invest money in a tax-efficient manner. These accounts can include a variety of investments such as stocks and funds, providing tax-free growth and income.



• 　　Equity Derivatives:

• 　　Trade equity derivatives such as options and futures, which offer leverage and the ability to hedge against market movements. These instruments provide sophisticated strategies for managing risk and enhancing returns.

• 　　Corporate Services:

• 　　The company provides corporate services that include assistance with mergers and acquisitions, corporate finance, and advisory services. These services are designed to help businesses optimize their financial strategies and operations.

• 　　Probate Services:

• 　　Thomas Grant & Company offers probate services to assist in the administration of estates. This includes the valuation and distribution of assets, ensuring compliance with legal requirements, and providing support during the probate process.



Thomas Grant & Company Account

　　General Application Pack: The General Application Pack includes all the documentation required to open an account with Thomas Grant & Company. It provides all necessary forms and information to facilitate the account opening process, ensuring compliance with regulatory requirements and enabling a smooth onboarding experience.

　　ISA Application Form: The ISA Application Form is specifically designed for opening an Individual Savings Account (ISA) with Thomas Grant & Company. This form captures all relevant details needed for tax-efficient saving and investing, simplifying the process for investors who wish to benefit from tax-free growth and income.



Thomas Grant & Company Fees Review

　　Thomas Grant & Company Fees provides a complex but detailed fee structure.

Fee Type	Details
Dealing Charges
Minimum Commission	20
Consideration up to £7,500	0.0125
Balance above £7,500	0.005
Contract Levy	£6.00 per transaction
Certificated Transaction Charge	20
International Settling Charge	20
Safe Custody & ISA Management Fees (VAT applicable)
Nominee Accounts (half yearly)	£6.00 per stock (min £25.00, max £350.00)
Nominee Accounts Closure Fee	£25.00 minimum
ISA Accounts (half yearly)	0.25% (min £25.00, max £350.00)
ISA Accounts Closure Fee (pro-rata)	£25.00 minimum
Capital Withdrawal Fee	10
International Settling Securities	0.05% (half yearly)
Other Charges (VAT applicable)
Overdue Statements	10
Verification of Holdings	£20.00 minimum
Annual Report and Accounts Supply	25
Voting/Attendance at Meetings	25
New DRIP or SCRIP Elections	25
Gifting of Shares	£25.00 (plus certificate charge where applicable)
Registration of Share Certificate	25
Duplicate Contract Note	25
Returned Cheques	25
Registrar Rejection of Stock Deposit	25
Re-registration of UK Stock	25
Administration Letter	25
Late Payment Fee	£25.00 (plus 15% above base rate interest)
Urgent Payment Requests	£25.00 (processed before 3.00 pm)
Ad hoc Administration Work	£80.00 per hour (min £40.00, then £20.00 per 15 mins)
Telephone Calls to Registrar	Admin rate per hour plus call cost
Foreign Currency Exchange	0.5% of sterling amount
External Charges (VAT applicable where indicated)
UK Stamp Duty	0.5% where applicable
Irish Stamp Duty	0.01
Transfer Stamp Duty	10
PTM Levy	£1.00 (on deals over £10,000)
W-8BEN Lodgement	£100.00 + VAT (covers 3 years)
Third Party Charges	Subject to applicable rates
Overseas Transfer Bank Charges	May apply

　　Dealing Charges: The minimum commission for transactions is £20.00. For considerations up to £7,500, the commission rate is 1.25%, while for balances above £7,500, the rate is 0.5%. Each transaction is subject to a contract levy of £6.00. Certificated transactions incur a charge of £20.00, and international settling transactions also have a charge of £20.00.

　　Safe Custody & ISA Management Fees (VAT applicable): For nominee accounts, there is a half-yearly safe custody fee per stock of £6.00, with a minimum fee of £25.00 and a maximum of £350.00. A minimum fee of £25.00 is charged on account closure. ISA accounts have a half-yearly management fee of 0.25%, with the same minimum and maximum fee structure. A pro-rata fee of a minimum £25.00 applies to closure, and capital withdrawals incur a fee of £10.00. International settling securities for nominee and ISA accounts have a half-yearly fee of 0.05%.



　　Other Charges (VAT applicable): Overdue statements are charged at £10.00, and verification of holdings per stock has a minimum charge of £20.00. Supplying annual reports and accounts costs £25.00, and arranging voting or attendance at shareholders' meetings also costs £25.00. New DRIP or SCRIP elections and gifting of shares each incur a fee of £25.00, with additional charges for certificates where applicable.

　　Registration of share certificates and other administrative tasks, such as re-registration of UK stock and administration letters, also cost £25.00 each. Late payment fees are £25.00 plus interest at 15% above the base rate, and urgent payment requests processed before 3.00 pm are charged at £25.00.

　　Ad hoc administration work costs £80.00 per hour, with a minimum of £40.00, then £20.00 per fifteen minutes thereafter. Telephone calls to registrars regarding corporate actions are charged at the administration rate per hour plus the cost of the call. Foreign currency exchanges are charged at 0.5% of the sterling amount.



　　External Charges (VAT applicable where indicated): UK stamp duty is 0.5% where applicable, and Irish stamp duty is 1.0%. Transfer stamp duty, if applicable, is £10.00. The Panel of Takeover and Mergers (PTM) levy on all UK equity and fixed interest deals over £10,000 is £1.00.

　　W-8BEN lodgement, valid for three years, is £100.00 plus VAT, with a member account required and charged at £1.00 per month. Any other third-party charges are subject to applicable rates and changes. Overseas transfers may incur additional bank charges. Thomas Grant & Company App Review



Customer Service

　　Thomas Grant & Company provides customer support via phone and through an online messaging system available on their website.

　　For additional assistance, clients can visit or contact the Leicester Head Office at 40A Friar Lane, Leicester LE1 5RA, UK, call 0116 225 5500, or email info@thomasgrant.co.uk.



Conclusion

　　Thomas Grant & Company is a well-regulated financial services firm offering a diverse range of investment opportunities including share dealing, ISAs, equity derivatives, corporate services, and probate services.

　　With low commissions, professional investment services, and customer support, it attracts both novice and experienced investors, ensuring a secure and reliable trading environment.

FAQs

　　What types of investments does Thomas Grant & Company offer？

　　Thomas Grant & Company offers share dealing, ISAs, equity derivatives, corporate services, and probate services.

　　How can I contact Thomas Grant & Company for support？

　　You can contact Thomas Grant & Company via phone at 0116 225 5509, through their online messaging system, or by visiting their Leicester Head Office.

　　What are the dealing charges at Thomas Grant & Company？

　　The minimum commission is £20.00, with a rate of 1.25% for considerations up to £7,500 and 0.5% for balances above £7,500. Additional charges include a £6.00 contract levy and a £20.00 fee for certificated transactions.

Risk Warning

　　The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.