Cheaper Uk brokers?

  • Welcome to the newest version of Trade2Win! We're running on the latest version of, what we consider to be, the best forum software available today. Our aim was to keep things as familiar as possible but focus on improving speed, security and usability. We hope you like the result! Please post your questions, comments, suggestions and feedback in the What's New and Feedback Thread - Sharky.
Jun 9, 2009
3
0
11
#1
Hmm

So far the lowest fee I have found is £15. In truth, this economic climate means I personally Don't have huge sums to trade with and these fees would reduce my potential even further.

I really want to day trade but with fees like that I'm not sure how I'll ever enter the markets.

Any advice would be greatly appreciated :(
 

new_trader

Well-known member
Jan 1, 2006
6,163
1,252
223
#2
Hmm

So far the lowest fee I have found is £15. In truth, this economic climate means I personally Don't have huge sums to trade with and these fees would reduce my potential even further.

I really want to day trade but with fees like that I'm not sure how I'll ever enter the markets.

Any advice would be greatly appreciated :(
You should not be trading at all if money is that much of a concern, honestly. There may be the odd few (and I mean very odd) who claim rags to riches stories through trading. But the greatest majority would say what I have to say, which is - It is a long and expensive learning process to achieve consistent profitability.
 

jackolan

Active member
Apr 29, 2009
117
5
28
#3
Try spreadbetting... fees are embedded in the spread (normally 2 to 6 points roundtrip) and you get the same market action but you can keep most of your money in the bank.

Jack
 
May 30, 2008
59
2
18
www.globalnewworld.com
#4
Try spreadbetting... fees are embedded in the spread (normally 2 to 6 points roundtrip) and you get the same market action but you can keep most of your money in the bank.

Jack
I also have spreadbet platform for futures, but this is only possible in the UK I think. US clients can not have tax free trading.

My broker will let people open an account for $200 but sometimes for $25. However, always check with the broker for their licences and they must show it. Go for the one licenced on all 3 continents :)
 

Masquerade

Well-known member
Nov 28, 2007
2,543
283
93
#5
iii if you want to buy shares are pretty good. I wouldn't buy shares with less than 1k though unless they were penny stock.

If you want to day trade, you're best off spread betting unless you have large sums of money.