Good UK broker?

This is a discussion on Good UK broker? within the Brokerages forums, part of the Commercial category; Originally Posted by hhiusa If you don't trade on the LSE, then why would you want a UK broker? Better ...

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Old May 22, 2015, 3:22pm   #25
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Originally Posted by hhiusa View Post
If you don't trade on the LSE, then why would you want a UK broker? Better yet, please tell me why someone would trade in the aforementioned stock exchange? You can have a brokerage account anywhere you want, even if you do not live there.
I believe that he is looking for a broker regulated by FCA
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Old May 22, 2015, 3:27pm   #26
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Originally Posted by JSMITH07611 View Post
looks like plus500 is the best broker at the moment... to buy their shares
down 41% today.

looking like a bargain
Still looking like a bargain ?
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Old May 26, 2015, 10:49pm   #27
 
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Originally Posted by jamesuk View Post
I believe that he is looking for a broker regulated by FCA
If you can use a UK broker, then why not use a broker from say France or Germany or even the US. No stamp duty in the US.
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Old May 27, 2015, 8:00pm   #28
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Originally Posted by hhiusa View Post
If you can use a UK broker, then why not use a broker from say France or Germany or even the US. No stamp duty in the US.
The compensation scheme in case of broker`s insolvency is much better in UK than in most other countries, more than 3 times German compensation.

US broker for a non resident alien are sometimes not available, always excluded from trading non SEC controlled option products like ODAX (Eurex) or its korean equivalent. Try find an american broker offering Liffe options.

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Old May 27, 2015, 10:27pm   #29
 
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Originally Posted by Hittfeld View Post
The compensation scheme in case of broker`s insolvency is much better in UK than in most other countries, more than 3 times German compensation.

US broker for a non resident alien are sometimes not available, always excluded from trading non SEC controlled option products like ODAX (Eurex) or its korean equivalent. Try find an american broker offering Liffe options.

Regards
Interactive Brokers

Euronext Brussels (BELFOX) options
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$195/month for single license
https://www.theice.com/futures-europe/market-resources
https://www.interactivebrokers.com/e...b_entity%3Dllc
Intercontinental Exchange (ICEEU) options
https://www.interactivebrokers.com/e...b_entity%3Dllc
Euronext France (MONEP) options
https://www.interactivebrokers.com/e...fees/MONEP.php
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Old May 28, 2015, 7:07am   #30
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Sorry, but Frank-Dodd forced some changes: European customers will be allocated to Interactive Brokers UK only.

SIPP protection scheme will compensate european customers on default of european products?

I tried some 6 months to find an US broker to trade Dax, Eurostoxx and Ftse options. No way, I tried all the big names and the small ones. Not ONE!!

If you find one, I`ll be delighted to follow your advice, might even send you a virtual bottle of wine.

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Old May 28, 2015, 12:45pm   #31
 
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Originally Posted by Hittfeld View Post
Sorry, but Frank-Dodd forced some changes: European customers will be allocated to Interactive Brokers UK only.

SIPP protection scheme will compensate european customers on default of european products?

I tried some 6 months to find an US broker to trade Dax, Eurostoxx and Ftse options. No way, I tried all the big names and the small ones. Not ONE!!

If you find one, I`ll be delighted to follow your advice, might even send you a virtual bottle of wine.
The broker I use in the US give me access all the aforementioned markets. You can essentially be treated as an American by forming a Delaware LLC. Non-resident aliens can still form US corporations with the use of a US registered agent and then pay for a virtual address there. It is quite inexpensive. It will cost $125 to incorporate and about $1500/year for the registered office.

This is why I was bringing up incorporation abroad. If I want to trade in Denmark, I form a AS and I am treated as a Dane. If I want to trade in Germany, I form a Gmbh and I am treated as a German. Since you mentioned the DAX, form a Gmbh. They are extremely easy to manage and form.

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Last edited by hhiusa; May 28, 2015 at 12:50pm.
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Old Apr 27, 2016, 7:53am   #32
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I can see everyone's concerns regarding brokers - I have big concerns too- especially with all this reviews and evidence that appear for a lot of brokers. I see that most of you do not fully trust FXCM and FXPro, think I feel the same - didn't have the best experience with them. Also, I see you mention lot's of slippages with Plus 500 - I am surprise, usually they have good reputation - can you please tell us more about these problems? I too believe is best to trade with FCA regulated brokers. Personally, at the moment I would suggest Iron FX. They are regulated in the UK, I can withdraw any time and their support is very helpful.
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