At Walker Crips, our mission is to make investment rewarding for our clients, our shareholders and our staff, and give our customers a fair deal.We support our financial advisers and our staff by being a technology driven financial services company.
Walker Crips provides a range of financial products and services to our customers; namely investment management, financial planning, pensions, share dealing and structured investments.
What is Walker Crips？
Walker Crips stands out for its telephone trading, offering personalized service and convenience. However, the lack of forex trading support and limited educational content are notable drawbacks for investors interested in currency markets and seeking comprehensive learning resources.
Pros and Cons of Walker Crips
Walker Crips, regulated by the FCA in the UK, offers telephone trading, providing personalized service and convenience for clients who prefer direct interaction with dealers. However, the absence of forex trading support may deter investors interested in currency markets. Moreover, the lack of live chat support could inconvenience clients seeking immediate online assistance. Additionally, the brokerage provides limited educational content, potentially hindering beginner investors' learning process. Furthermore, unclear information about the trading platform might pose challenges for clients in understanding its features and benefits.
Is Walker Crips safe？
Regulation
Walker Crips is currently licensed and regulated by the Financial Conduct Authority (FCA) in the United Kingdom under license number 226344.
What are securities to trade with Walker Crips？
Walker Crips specializes in stock trading exclusively and does not offer other financial products such as bonds, options, or forex.
Telephone Share Dealing: Walker Crips offers an execution-only telephone share dealing service, where clients can instruct a team of dealers to execute their orders. This service allows investors to retain full control over their investment decisions, leveraging the expertise of the dealers for order execution.
Online Share Dealing: The execution-only online share dealing platform is designed for simplicity and ease of use, focusing solely on UK securities. Clients can buy or sell shares directly on the market, with the system polling between thirty to forty Market Makers to present the best available price for the desired trade quantity.
Walker Crips Accounts
Walker Crips offers two main types of tax-efficient savings accounts: the Individual Savings Account (ISA) and the Junior ISA (JISA).
Individual Savings Account (ISA): An ISA is a tax-efficient savings account where gains, dividends, and income are tax-free. Walker Crips provides a Stocks & Shares ISA, allowing clients to trade in shares without tax liabilities on their returns. For the 2024/25 tax year, the annual contribution limit for an ISA is £20,000, providing a substantial opportunity for tax-free savings and investment growth.
Junior Individual Savings Account (JISA): A JISA is designed for individuals under 18, functioning similarly to an adult ISA. Parents or guardians with parental responsibility can open and manage a JISA on behalf of the child, although the funds belong to the child. At age 16, the child can take control of the account but cannot withdraw the funds until they turn 18. Alternatively, they can convert the JISA into an adult ISA. For the 2024/25 tax year, the annual contribution limit for a JISA is £9,000, allowing generous savings growth for the child's future.
Walker Crips Fees Review
Walker Crips offers a Share Dealing Execution Only Service with the following fee structure.
For transaction charges, clients will incur a 0.45% fee on the first £100,000 of the consideration value, with a reduced rate of 0.20% for amounts exceeding this threshold. Each transaction is subject to a minimum charge of £30.
Additionally, a compliance charge of £10 per transaction is applicable.
An inactivity fee of £25 (subject to VAT) is charged every six months if no trades are executed within the respective periods ending on 5 April and 5 October each year.
For overseas securities, an additional charge of £50 applies to non-Crest Settlement transactions.
Other fees include a UK Stamp Duty of 0.5% on purchase consideration for applicable securities, an Irish Stamp Duty of 1% on purchase consideration for applicable securities, and a Panel of Takeovers and Mergers (PTM) Levy of £1 per transaction on all equities and fixed interest stocks over £10,000 consideration.
Customer Service
For general enquiries, clients can reach out at 020-3100-8000 or via email at client.services@wcgplc.co.uk.
Investment management services can be contacted at 020-3100-8100 or private.client@wcgplc.co.uk.
For financial planning, clients can call 01904 544300 or email wealth@wcgplc.co.uk.
Pensions-related enquiries are handled at 01904 544312 or pensions@wcgplc.co.uk.
For structured investments, the contact number is 020-3100-8880 and the email is wcsi@wcgplc.co.uk.
Share dealing services can be reached at 020-3100-8400 or sharedealing@wcgplc.co.uk.
Conclusion
Walker Crips stands out for its personalized service through telephone trading, specializing exclusively in stock trading. This makes it an ideal choice for those seeking personalized support and guidance in their stock investments.
FAQs
Is Walker Crips a safe platform for trading？
Walker Crips is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, ensuring compliance with regulatory standards. However, specific information regarding funds safety and safety measures is not provided.
Is Walker Crips suitable for beginner investors？
Walker Crips may not be the ideal choice for beginners as it lacks comprehensive educational resources. This could potentially limit the learning opportunities for novice investors, making it somewhat challenging for them to get started.
Is Walker Crips a legitimate brokerage？
Yes, Walker Crips is a legitimate brokerage licensed and regulated by the Financial Conduct Authority (FCA) in the United Kingdom under license number 226344.
Risk Warning
The details presented are derived from WikiStock's thorough assessment of the brokerage's website data and may be subject to updates. Additionally, it's important to acknowledge that online trading carries inherent risks, including the possibility of complete loss of invested capital. Therefore, gaining a thorough understanding of these risks before engaging in any trading activities is imperative.
United Kingdom
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