What is a nominee account?
"With BrokerLine you can choose to hold your shares electronically on our nominee account. This means we hold your shares on your behalf. Your shares are registered in our name but you still own them. The main advantages of a nominee account are:
It is cheaper than dealing in certificates - there is a flat fee of £15 per trade online. Prompt settlement - trades settle in just three working days rather than 10 You don't need to worry about losing your certificates as they are held electronically There are no forms to complete when you sell your shares "
