Is Web Based Trading Safe?

This is a discussion on Is Web Based Trading Safe? within the Techies Corner forums, part of the Trading Career category; Hey folks, I've been practicing on the IG demo recently, seeing if I'd be willing to switch to them as ...

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Old Jan 13, 2018, 3:18pm   #1
Joined Sep 2017
Is Web Based Trading Safe?

Hey folks,

I've been practicing on the IG demo recently, seeing if I'd be willing to switch to them as my live account broker, but all I see is web based trading... no downloadable platform like I have with my current broker for example.

I am a little uneasy about web based trading as browsers can be hijacked relatively easy. Especially when everything is done from the one laptop; browsing the web, downloading torrents, trading etc...

Are my worries unfounded? Is web based trading safe?


Thanks in advance
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Old Jan 13, 2018, 4:05pm   #2
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you could use one computer only for trading and another one for other things

thats how i do it
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Old Jan 13, 2018, 5:11pm   #3
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Nowler started this thread I don't have the money for that unfortunately.
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Old Jan 13, 2018, 6:41pm   #4
 
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I don't know whether web based trading is safe or not, I can't recall reading of any horror stories on here, but I thought I'd post just to point you in the direction of IG's fantastic stand alone Java based platform called Pro Real Time. I'm not sure if you can demo it though...
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Old Jan 13, 2018, 7:04pm   #5
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Originally Posted by cbrads View Post
I don't know whether web based trading is safe or not, I can't recall reading of any horror stories on here, but I thought I'd post just to point you in the direction of IG's fantastic stand alone Java based platform called Pro Real Time. I'm not sure if you can demo it though...
Isn't that Pro Real Time web based too?
And they are going to charge me £30/month to use it
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Old Jan 13, 2018, 7:09pm   #6
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Yes it's safe, don't surf porn or streaming sites.
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Old Jan 13, 2018, 7:23pm   #7
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Yes it's safe, don't surf porn or streaming sites.
No can do buckaroo!

I stream any shows I watch because I would rather slide down a rusty razor blade using my balls are brake pads than watch ads. They drive me nuts! BUY NOW! BUY NOW! Plus, stopping the show or worse again, a movie, drives me nuts too because it's nearly always at a bad time. (Yes, I'm a grumpy git)

I am aiming for a seperate system to keep just for trading but at this early stage it's just not going to work. I'm hoping to snag an interview in a College next week when I pop over to the UK for 9 days. If I can get a decent paying job then of course I will get a seperate system just for trading. But until then, I will only have 1 for everything
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Old Jan 13, 2018, 7:47pm   #8
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No can do buckaroo!

I stream any shows I watch because I would rather slide down a rusty razor blade using my balls are brake pads than watch ads. They drive me nuts! BUY NOW! BUY NOW! Plus, stopping the show or worse again, a movie, drives me nuts too because it's nearly always at a bad time. (Yes, I'm a grumpy git)

I am aiming for a seperate system to keep just for trading but at this early stage it's just not going to work. I'm hoping to snag an interview in a College next week when I pop over to the UK for 9 days. If I can get a decent paying job then of course I will get a seperate system just for trading. But until then, I will only have 1 for everything
Run a virtual pc on your pc
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Old Jan 13, 2018, 7:57pm   #9
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Run a virtual pc on your pc
I don't understand.
I did a quick Google of it too and am none the wiser.

How would this help mate?
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Old Jan 13, 2018, 8:02pm   #10
 
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Isn't that Pro Real Time web based too?
And they are going to charge me £30/month to use it
No, PRT isn't web based. If you place just 4 trades per month it's free, otherwise it's £30 (last time I checked)
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Old Jan 13, 2018, 8:09pm   #11
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No, PRT isn't web based. If you place just 4 trades per month it's free, otherwise it's £30 (last time I checked)
Oh...
Nice!

I definitely place 4 trades in a month. Highly likely to have over 50 trades in a month so even if the limit has been risen since the last time you checked, I should still have it well covered.

Thanks for the heads up!
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Old Jan 13, 2018, 8:24pm   #12
 
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Oh...
Nice!

I definitely place 4 trades in a month. Highly likely to have over 50 trades in a month so even if the limit has been risen since the last time you checked, I should still have it well covered.

Thanks for the heads up!
The only problem for a beginner using IG is the high minimum stake. For example, the minimum stake on the DOW is £1 per point, some other companies allow just 10p per point...
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Old Jan 13, 2018, 8:37pm   #13
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The only problem for a beginner using IG is the high minimum stake. For example, the minimum stake on the DOW is £1 per point, some other companies allow just 10p per point...
Yes, I noticed that.
To be honest, I think it might be good that I have to now pay £1 per pip instead of the 1c pp I am paying where I am currently. It should filter out all the hail Mary trades and make me choose my trades wiser.

My mini live account with 0anda feels like a demo now...

I will need to deposit £1,200 into this IG account in order to keep my 2% per trade system. Something like that anyway...I'm a bit fragile today (hangover)
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Old Jan 13, 2018, 9:20pm   #14
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Oh...
Nice!

I definitely place 4 trades in a month. Highly likely to have over 50 trades in a month so even if the limit has been risen since the last time you checked, I should still have it well covered.

Thanks for the heads up!
50? Watch out for inventing trades that only exist in your mind
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Old Jan 13, 2018, 9:29pm   #15
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50? Watch out for inventing trades that only exist in your mind
I had about 180 in December...
Then again... my hit rate was woeful!

So yeah, I better be careful.
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