Perks per Share

Market guide

Nasdaq

Nasdaq Stock Market

The Nasdaq Stock Market is a US exchange where shares trade in US dollars. It is separate from Nasdaq’s Nordic and Baltic exchanges, so confirm that your broker offers the US listing you want.

Current shareholder perks

Our coverage includes the following companies with current perks.

Dealing considerations

Identify the US listing

Nasdaq’s US exchange has three tiers: Global Select, Global Market and Capital Market, each with different entry requirements. Nasdaq also operates separate Nordic and Baltic exchanges, so check which market lists the share you want.

Check how easily the share trades

Nasdaq’s entry requirements cover shareholder numbers, publicly held shares and market makers. They do not tell you how easily you can buy or sell a particular share today. Check its trading volume and the gap between buying and selling prices.

Confirm access before comparing charges

Ask your broker whether it offers the exact share and listing you want. Once access is confirmed, compare the dealing, currency conversion and custody charges that apply to your account.

Allow for settlement and check the holding form

Most US trades settle one business day after dealing, known as T+1. Some UK routes use CREST Depository Interests (CDIs), which AJ Bell describes as UK securities representing an underlying interest in an overseas security. Ask your broker whose name the shares will be registered in, and check what ownership evidence the issuer accepts for its perk.

Check tax forms and account eligibility

US dividends can be subject to withholding tax. Your circumstances determine whether a treaty reduces that tax, and your broker may require a form to apply the reduction. Ask the broker which forms you need and whether your chosen account can hold the shares.

Brokers and charges

Compare the dealing terms below for selected brokers. Before buying, check the issuer’s eligibility rules and ask your broker what help it provides with the claim.

AJ Bell

These charges cover UK retail clients with a Dealing account.

How to deal
You can deal online or by telephone. Online US dealing is limited to shares available as CREST Depository Interests (CDIs), with quotes typically available from about 2:30pm to 9pm UK time.
Dealing charges
An online share trade costs £5.00, reduced to £3.50 after 10 or more share deals in the previous month. A telephone trade costs £25. Currency conversion costs 0.75% on the first £10,000 of a deal, 0.50% on the next £10,000 and 0.25% above £20,000.
Other costs
Holding shares costs 0.25% a year, capped at £3.50 a month. Converting foreign dividends to sterling costs 0.50%. You need a W-8BEN form for US shares outside a SIPP. Additional government or exchange charges may apply.

AJ Bell describes CDIs as UK securities that represent an underlying interest in an overseas security. Not every overseas share is available in this form. Ask AJ Bell whose name the underlying shares are registered in.

AJ Bell: charges  , checked

Fidelity Investments US

Fidelity’s US pricing applies to people in the US only.

How to deal
You can deal online.
Dealing charges
Online US share trades carry USD 0 commission. Trades placed through a representative may cost more; the source does not itemise those charges.
Other costs
Fidelity charges USD 50 per trade to settle foreign ordinary shares that are not eligible for settlement through the US Depository Trust Company (DTC). Check whether the fee applies to the share you want.

Fidelity US: charges  , checked

Hargreaves Lansdown

These charges cover UK retail clients with a Fund and Share Account, Stocks and Shares ISA or SIPP.

How to deal
HL lists Nasdaq among its online overseas markets.
Dealing charges
An online share trade costs £6.95, reduced to £3.95 after 20 or more deals in the previous month. A telephone trade costs £29. Currency conversion costs 0.99% on the first £10,000, 0.50% on the portion from £10,000 to £25,000 and 0.20% above £25,000.
Other costs
Holding shares costs 0.35% a year, capped at £12.50 a month. A W-8BEN form can reduce US dividend withholding. GOV.UK says you do not normally pay Stamp Duty or SDRT when you buy foreign shares outside the UK, but you do pay on shares in a foreign company that has a share register in the UK. Foreign-currency dividends and corporate-action payments are converted to sterling with a 1% charge.

Hargreaves Lansdown: charges  , checked

interactive investor

UK-resident individual clients can use a Trading Account, ISA or SIPP on a Core, Plus or Premium monthly plan.

How to deal
ii offers online dealing on Nasdaq.
Dealing charges
For US share trades up to £100,000, the online commission is £3.99 on Core or Plus and £2.99 on Premium. For larger trades, ii lists a charge of 0.04% of the trade value; check the full tariff before ordering. Telephone orders add £49 to the dealing commission. Plus includes £3.99 and Premium £5.98 of monthly trading credit, valid for 31 days. This credit cannot pay the telephone surcharge. Currency conversion costs 0.75% on Core and 0.25% on Premium. On Plus, it costs 0.75% on the first £50,000 and 0.25% above that.
Other costs
Monthly plans cost £5.99 for Core (portfolios up to £100,000), £14.99 for Plus or £39.99 for Premium, whether or not you trade. US dividend withholding applies.

interactive investor: charges  , checked

TD Direct Investing

These charges cover Canadian residents with TD Direct Investing self-directed accounts.

How to deal
You can deal online or place an order through a representative by telephone.
Dealing charges
An online trade of at least one share costs USD 9.99, reduced to USD 7.00 for active traders making at least 150 trades per quarter. Telephone trades cost at least USD 43. Commissions follow the trade’s currency.
Other costs
US trades funded from a Canadian-dollar account require currency conversion. TD applies a published conversion spread on top of the exchange rate, from 1.07% on the smallest transactions down to 0.27% on the largest. Accounts with less than CAD 15,000 in household assets cost CAD 25 a quarter unless a fee waiver applies.

TD Direct Investing: charges  , checked

TD Direct Investing: full tariff and fee waivers  , checked

TD Direct Investing: currency conversion  , checked

Wealthsimple

These charges cover Canadian residents with Wealthsimple Investments Inc. self-directed accounts.

How to deal
You can deal online.
Dealing charges
Listed US and Canadian securities carry no commission.
Other costs
US trades funded from a Canadian-dollar account convert currency at Wealthsimple’s corporate rate plus 1.5%. A US-dollar account lets you trade from a US-dollar balance; it costs CAD 10 plus tax a month after a 30-day free trial and is free for Premium and Generation clients. Converting cash between your CAD and USD accounts costs 1.5% below 10,000 in the currency you convert from, 1.0% from 10,000, 0.5% from 25,000 and nothing from 100,000; you can also transfer in US dollars from elsewhere.

Wealthsimple: charges  , checked

Wealthsimple: plans and USD accounts  , checked