TD customers turn to mobiles for commission free purchases

TD Direct Investing (TD) customers are switching on their mobiles to take advantage of 1,000s of commission free online and mobile purchases when they open a new Trading, ISA or SIPP account.

Since TD's offer of 10,000 commission free purchases opened in January approx. one in 10 (10%) of the free purchases have been executed by customers on the award-winning TD Trading App, with mobile users trading on average twice as much as online users.

Generally the top three stocks purchased by TD customer's across all channels have been Tesco, Lloyds Banking Group and Royal Bank of Scotland and the buy : sell ratio of the top ten stocks traded by TD customers has been 1.6 : 1.

The top three funds bought by customers have been Aberdeen Emerging Markets, Invesco Perpetual High Income and First State Global Emerging Markets Leaders. As we look ahead to the end of the current tax-year, it is also interesting to note that 43% of new accounts opened during the campaign have been TD's tax-efficient ISA and SIPP accounts.

Stuart Welch, CEO, TD Direct Investing comments: "It is great that so many people have opted to take advantage of our offer to kick start their portfolio by utilising the TD Trading App, which allows customers to trade on their Trading, ISA and SIPP accounts.

"TD's ISA and SIPP accounts also offer customers the ability to trade in a tax efficient investment and we have seen some notably large trades as a result of our commission free offer on purchases."

There is still time to take advantage of TD's free purchase offer, which is available to both new and existing customers who open a new account (Trading, ISA or SIPP) before 14th February 2012 (the free purchases are available until 29th February 2012). The offer is limited to 10,000 buys across all qualifying accounts on a first come, first served basis and applies to UK and International trades made online at tddirectinvesting.co.uk or via the TD Trading App for iPhone and iPod touch.

The value of your investments can go down as well as up. You may not get back all the funds that you invest.

For more information customers can log on to tddirectinvesting.co.uk.