Do I own the stock I purchase?

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#1

Is this a CFD service or do I own my stock?

I have read that Barclays is your Clearing House how do we know that they are not giving me CFD’s?

sorry finance noob.

Thanks. :slight_smile:

#2

Freetrade don’t offer a CFD product.
In relation to Barclays I think your referring to one of the banks that handle their cash not shares.

You own the shares you buy and they’re held under a nominee account (for example freetrade nominee ltd) with you as the beneficial owner.

You may want to read the terms and conditions as it also goes over this as well.

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#3

Thanks

1 Like