A Guide to TD Direct Investing
What You Need to Know
- From the 28th of November 2011 TD Waterhouse will be changing its name to TD Direct Investing.
- The group’s legal identity will now be TD Direct Investing (Europe) Ltd.
- There will be no changes to the services available to customers.
- The login details for existing accounts will not change. Do not respond to any emails asking you to confirm your login details, as they are not legitimate.
- From January 2011 you’ll be able to electronically transfer funds between your bank and trading account in just one working day.
- Account holders funds are still protected by the Financial Services Compensation Scheme.
TD Waterhouse has been one of the most trusted names in shares trading for years. As well as being one of the leading execution only brokers in the UK, they provide a range of other quality services in a number of areas, from spread betting to shares based ISAs.
However, that famous, trusted name will soon be changing. From the 28th November 2011 TD Waterhouse will be known as TD Direct Investing.
The change is being made to reflect the group’s commitment to their international services for trading and investments. All of the company’s acclaimed trading platforms and trading resources will remain the same and account holders will not experience a change in the services provided to them.
However, there a few changes that existing customers should be aware of;
- All correspondence will now bear the now bear the name TD Direct Investing.
- The group’s bank’s name will change to TD Bank N.V.
- As well as a new brand name, the group has a new legal identity, TD Direct Investing (Europe) Ltd. This, along with some developments to the service, have affected the terms of service. Read this PDF to a see summary of the changes to their customer terms of service.
- The company’s website will change to www.tddirectinvesting.co.uk.
Though the new website will look different, all your login details will remain the same. You don’t even need to memorise the new address as www.tdwaterhouse.co.uk will automatically direct there from 28/10/2011 onward.
Please bear in mind that you will never be asked to verify your login details by email. If you receive an email asking for your login, or that seems suspicious in any way, be sure not to reply to it or follow any links given with in it. Forward it to phising(at)tdwh.co.uk so it can be investigated, then delete it.
Following the coming changes the funds in customers accountants will continue to be held by TD at TD Direct Investing (Europe) Ltd and, as before, your cash will be protected, up to the value of £50,000 by the Financial Services Compensation Scheme.
Other Changes
From January all banks will be changing the way they handle electronic transfers to make the service quicker for their customers. This means that when you want to move funds between your trading account and your bank, it should only take one working day, whereas it can currently take up to three. You will still be able to pay to have urgent transfers made on the same day.
Further Reading
- Trading is not as complicated as many people assume, especially now that you can trade over the internet. Read our guide to buying shares online to find out more.
- TD Direct Investments provide their account holders with a great many benefits. Find out more about their Trading Plus Account here.
- You don’t have to buy shares to make money from the stock market. Read out spread betting guide to find out more.
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