CFD brokers

davie

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I'm looking for a CFD broker that charges a fixed rate per deal, as apposed to a percentage of the overall cost of the deal...(Trading uk equities)

Can anyone make a resonable suggestion ??

Thanks in anticipation.....
 
Not sure if you will find one my friend I have spoke to a few and they charge a percent although most of them have that percent set
 
I know that e*trade charges a flat-rate for CFDs, I think a few others do too, but I can't remember their names.
 
Hi my company offers a fixed 0.4% buying and selling. We are cfd advisory. Hope we can be of help, and get in touch for more info. Authorised and Regulated by the Financial Services Authority.
 
ETrade offer a fixed fee of £9.95 on all FTSE 100 stock trades, TD Waterhouse do to but i'm not sure how much they are these days.
 
guys! im looking at the UK commissions and think 0.1% is an absolute RIP OFF in AUD terms for straight online execution! ..what are UK brokers drinking? thames water. I pay AUD$8 here in Australia. So if i wanted to execute a 5000 pound order i have to pay 50gbp non advisory which is over $100!AUD ... please... thats way too much. round turn $200 for a trade and then i have to make some profit.
 
0.1% is a fantastic rate for any online trader receiving Direct Market Access. At $8 AUD per trade flat fee regardless of size you will not have DMA and hence not be guaranteed to be filled at the best possible price available.

0.1% of £5000 is £5 NOT £50. Most online brokers will have a minimum ticket charge in place of around £10 hence in this instance the small deal size you mentioned would carry a cost of £10, the minimum charge to any online customer.

There will always be a reason why a company is charging you a flat low cost commission rate to do business. Typically either spreads are widened or skewed against you. I can guarantee you the brokerage in question here that charge you $8AUD a trade do not let you see the order book and trade directly with the exchange with full DMA.

Theres a saying ''Buy cheap,buy twice,'' and always a reason behind somebody offering lower costs.
IG and MF are not the size they are by over-charging clients. You get what you pay for.
 
I'm looking for a CFD broker that charges a fixed rate per deal, as apposed to a percentage of the overall cost of the deal...(Trading uk equities)

Can anyone make a resonable suggestion ??

Thanks in anticipation.....

What you are looking for is not common and I don't think you can find such a broker. A broker that charges a percentage of the deal is usually a bank, which does not have CFD products. Anyways, I think that such a calculation of commission is confusing, especially when you use leverage. Try to find low-spread brokers such as aplari or sunbirdfx and it will be easier for you work with CFDs..
 
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