Cfd Trading

This is a discussion on Cfd Trading within the First Steps forums, part of the Reception category; Hi all Iím 18 and want to start trading for real after fantasy trading since I was 16. I was ...

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Old Oct 31, 2008, 1:01am   #1
 
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Joined Feb 2008
Cfd Trading

Hi all
Iím 18 and want to start trading for real after fantasy trading since I was 16.
I was just wondering who is the best CFD provider, Interactive Investor is giving £100 when you open an account, but I donít know much about them, I'm thinking Barclays as I persuaded my big sis to open a normal share trading account when i was under 18 and had no problems trading with them, the spreads were pretty bad though but not sure if that is with all the providers .
Anyways thanks
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Old Oct 31, 2008, 8:48am   #2
 
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The spreads should be the normal market price, if you're trading some smaller co's the the spread are awful. Check if the provider you use provides level2 this will then show you the current touch price so you'll know you're dealing at the right price.

I believe Barclays are 0.15% or 0.2% commission, there are cheaper out there, IG are 0.1% and Etrade have an acccount for £9.95 per trade
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