Online Brokers

This is a discussion on Online Brokers within the Brokerages forums, part of the Commercial category; Originally posted by Brycheiniog I am currently with Schwab and would be interested in the views of others out there ...

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Old Feb 10, 2003, 1:15pm   #25
 
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Quote:
Originally posted by Brycheiniog
I am currently with Schwab and would be interested in the views of others out there with regards to service and prices etc.
Dave,

I'm also with Schwab, and so this concerns me too. I also have an account with Comdirect, and in general they are good.

However, there are weaknesses compared to Schwab. Comdirect, and most other online brokers are fine if you are trading liquid stocks, such as SETS stocks, and are not trying to trade at or near the NMS on stocks with wideish spreads. Schwab consistently get me better prices on larger quantities than Comdirect manage in these cases.

Also Schwab automatically send me all correspondence, reports etc from all the stocks I hold, which Comdirect won't do.

Both of these are probably not issues that affect those who trade rather than hold for longer periods, so they may not affect you. If they don't I'd have no problem recommending Comdirect. However, if they do matter, I haven't been able to find an online broker who can match what Schwab provides, so for now I'm just going to have to wait and see just what they come up with.
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Old Feb 10, 2003, 2:08pm   #26
 
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Thanks for the input Peter,

It appears that they all have pros and cons of some description, and the method in which one trades will decide on the eventual choice of supplier as usual!

Regards,

Dave
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Old Feb 24, 2003, 11:49pm   #27
 
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If anyone is still looking for an on-line dealing service Sharecrazy is good at £9 per trade. You can also set limits and the helpdesk will not charge any extra for telephone dealing.
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Old Feb 25, 2003, 12:16pm   #28
 
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Seems that IDealing offer CFD's now.

http://www.idealing.com/index.jsp
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....Indicators show the past. Price Action "Indicates" the future.
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Old Feb 25, 2003, 2:11pm   #29
 
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Interactive Brokers offers UK stocks at 0.1% with a £5.00 minimum per trade they are probably the cheapest out there for deals under 9k. I think they only cover SETS names though.

I use them for e-minis and the fills are very quick.
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Old Mar 27, 2009, 6:13am   #30
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ok to join and use two or three diff online brokers?

I made a coupla trades with selftrade.
Then i discovered hoodless brennan, and made my latest trade with them.
Hoodless is slightly cheaper. For the normal trade cost.

I bought some shares yesterday. Eg the price on yahoo finance and on selftrade was 6.15p
but the price on hoodless was 6.25p.....why is this? were they compensating for the reduced commission cost, so bumping the price to buy a little?

Also one of my stocks on selftrade was valued at £715, but when i tested this, and tried to sell it, i was offered like £680, after a few attempts. If it is valued at £715 market value, why was i getting offered a much less offer, when selling????
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Old Mar 30, 2009, 6:42pm   #31
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Originally Posted by jonboy123 View Post
ok to join and use two or three diff online brokers?

I made a coupla trades with selftrade.
Then i discovered hoodless brennan, and made my latest trade with them.
Hoodless is slightly cheaper. For the normal trade cost.

I bought some shares yesterday. Eg the price on yahoo finance and on selftrade was 6.15p
but the price on hoodless was 6.25p.....why is this? were they compensating for the reduced commission cost, so bumping the price to buy a little?

Also one of my stocks on selftrade was valued at £715, but when i tested this, and tried to sell it, i was offered like £680, after a few attempts. If it is valued at £715 market value, why was i getting offered a much less offer, when selling????
Do we have to keep refreshing the browser? or just keep trying to BUY shares, to get the Ask price offer? Sometimes i click to buy, cancel, and then when i click second time, its diff price. Does a potentinal BUY have an affect on the share price?

And do the share prices only get updated like every 15 mins? on the websites like selftrade, hoodless, barclays.
I dont wanna have to pay for level 2 live price feed just yet, as i just dont have the time or skill to trade like that yet.
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Old Mar 30, 2009, 9:25pm   #32
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best online broker for swing trading? including charting facilities.
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