Hi all,
From reading the posts here it seems a lot of people move over to Direct Access at some point of their trading career, so I'm curious to know why. I have read the many negative threads here regarding the SB companies, so I'm assuming the tax issue becomes less important to traders in the long run.
At the moment I feel most comfortable intraday trading the FTSE and Dow, but I have read that this type of trading is more suited to using a broker because of the lower spreads. Is this correct?
I still have a lot to learn, so I will stick with the SB companies for now, but I'd still like to know for future reference.
Thanks.
From reading the posts here it seems a lot of people move over to Direct Access at some point of their trading career, so I'm curious to know why. I have read the many negative threads here regarding the SB companies, so I'm assuming the tax issue becomes less important to traders in the long run.
At the moment I feel most comfortable intraday trading the FTSE and Dow, but I have read that this type of trading is more suited to using a broker because of the lower spreads. Is this correct?
I still have a lot to learn, so I will stick with the SB companies for now, but I'd still like to know for future reference.
Thanks.
