Paulds11 said:They white label the Saxo bank platform at similar rates to Saxo, but the fees are expensive so do two things
1. Go to Saxo banks and ask for thier DMA version which I believe ETRADE do not have.. this means you will not be charged by the spread and only the commission fees
2. Then simply ask for a discount on the fees to begin with as a condition of opening the account after platform review (PS, the sample platform IS NOT DMA but the look and feel is exactly the same.
Personally all I want to do with it is trade opening positions on Australia index AXJO because I like the profile.. its tough getting such a simple tool to allow this... and I wont touch those spreadbetting companies with thier distracting products designed to entice impulse trades that bleed your account over time...
Arbiter said:What sort of products do they offer which ends up doing that to your account? I am new to trading and am considering spreadbetting as an obvious option, but the reputation of some spreadbetting firms is questionable. I know it is all about the commissions, but in the case of spreadbetting are they not nothing more than glorified bookies?
Your advice will help me avoid these traps.
Thanks for the reply after 4 years to the day!! I've been using etrade since the original post and am very happy with them. It seems pointless to correct your post as you obviously don't understand their product fully and I'm guessing don't trade uk cfd's. FWIW, they do have a dma offering as well.
We get it, advertisements are annoying!
But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.