- Joined
- 22 Aug 2006
- Messages
- 7,517
- Reaction score
- 1,348
- Country
I've been using Trading 212, It has always been poor in many areas, but it's getting worse. I haven't used them much for ages now. I'm investigating others. All have their snags.
Don't use it.
It's Free, except where it's really expensive. Yes you can make a lot of money when things are easy. For beginners, they'll do - you learn some lessons.
Their charts are bogus, They seem to have tweaked them to be more against you. Their staff are awful. They lie.
For ETF trades/investments they're ok but you need OEIC funds.
I thought the one I thought I'd settle on would be IG, but no. Silly charges, and you can't even add a stop to an open position.
Looks like it'll be Interactive Brokers. Pepperstone look OK too, just not as wide a range.
Too many reasons to go through! Watch out for slippage, lack of order types, lack of range of funds, excessive swap rates and FX rates.
I REALLY don't like eToro. Horrible thing. But they do have copy trading, so you could let someone else trade it. I've tried a couple and they were no good, but...
I opened an account with them for entertainment when my wife died last October. When something is "ripping" up or down, I poke the phone and go all-in at 5x or whatever their max leverage is. Add a trailing SL and a TP. It's at 7k, 9 months later.
Lazy day today. The far East recovered last night, so I opened on Micron about 9 this morning, with 20k.
7% up, x5 = 35%, on 20k = 7
Don't use it.
It's Free, except where it's really expensive. Yes you can make a lot of money when things are easy. For beginners, they'll do - you learn some lessons.
Their charts are bogus, They seem to have tweaked them to be more against you. Their staff are awful. They lie.
For ETF trades/investments they're ok but you need OEIC funds.
I thought the one I thought I'd settle on would be IG, but no. Silly charges, and you can't even add a stop to an open position.
Looks like it'll be Interactive Brokers. Pepperstone look OK too, just not as wide a range.
Too many reasons to go through! Watch out for slippage, lack of order types, lack of range of funds, excessive swap rates and FX rates.
I REALLY don't like eToro. Horrible thing. But they do have copy trading, so you could let someone else trade it. I've tried a couple and they were no good, but...
I opened an account with them for entertainment when my wife died last October. When something is "ripping" up or down, I poke the phone and go all-in at 5x or whatever their max leverage is. Add a trailing SL and a TP. It's at 7k, 9 months later.
Lazy day today. The far East recovered last night, so I opened on Micron about 9 this morning, with 20k.
7% up, x5 = 35%, on 20k = 7
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