Commissions and brokers: Hello, i've been using a cfd (IGindex)
broker for long time now, mostly for commodities and fx, with good
spreads and no commissions. I've found that commission on stocks
instead are unbearable - a $ 30/40 fee to open/close a deal. What
is your suggestion for a broker to be used in europe with low
commissions on stock trades? Thanks! Max
Hi Max, I reside in Europe and have been trading CFDs for more
than a decade now. As a rule I think it can be said that CFDs are
simply not the correct instrument with which to trade individual
stocks. You can of course research the commissions charged by the
myriad of CFD providers you'll find online, but in my experience
all of them charge rather high commissions for stocks. My advice
would be to use CFDs for forex, commodities and indices, and to
place your stock trades with a regular online broker (even though
you will not get the leverage there). As an aside note, since the
European Nanny State has now decided that we may no longer trade
with such high leverage, I have switched my trading account to an
Australian outfit.
Massimo - I posted an article about JP Morgan New Service which
has Zero Commissions (the reason the brokerage stocks dropped)
Use the search function to find the link under my
name.
Commissions and brokers: Hello, i've
Posted by massimo on 24th of Aug 2018 at 12:04 pm
Commissions and brokers: Hello, i've been using a cfd (IGindex) broker for long time now, mostly for commodities and fx, with good spreads and no commissions. I've found that commission on stocks instead are unbearable - a $ 30/40 fee to open/close a deal. What is your suggestion for a broker to be used in europe with low commissions on stock trades? Thanks! Max
Hi Max, I reside in
Posted by isplat on 24th of Aug 2018 at 12:48 pm
Hi Max, I reside in Europe and have been trading CFDs for more than a decade now. As a rule I think it can be said that CFDs are simply not the correct instrument with which to trade individual stocks. You can of course research the commissions charged by the myriad of CFD providers you'll find online, but in my experience all of them charge rather high commissions for stocks. My advice would be to use CFDs for forex, commodities and indices, and to place your stock trades with a regular online broker (even though you will not get the leverage there). As an aside note, since the European Nanny State has now decided that we may no longer trade with such high leverage, I have switched my trading account to an Australian outfit.
hey isplat, thank you. Can
Posted by massimo on 25th of Aug 2018 at 09:02 am
hey isplat, thank you. Can you please tell me the name of this aussie broker? thanks!
Massimo - I posted an
Posted by steve on 24th of Aug 2018 at 12:46 pm
Massimo - I posted an article about JP Morgan New Service which has Zero Commissions (the reason the brokerage stocks dropped) Use the search function to find the link under my name.
Thank you Steve
Posted by massimo on 25th of Aug 2018 at 09:04 am
Thank you Steve
Posted by massimo on 25th of Aug 2018 at 09:03 am
many use IB for commissions
Posted by matt on 24th of Aug 2018 at 12:36 pm
many use IB for commissions Interactive Brokers
Thanks, I did know about
Posted by massimo on 25th of Aug 2018 at 09:01 am
Thanks, I did know about IB, just they have such a complicated platform...