Good UK broker?

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Aug 20, 2013
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#1
Hello,
Im looking for a good UK broker to day trade with that allows you to trade in US stocks, has a good platform similar to ninja trader or MT4.

It would be preferable if they didn't have any stupid fees like deposit fees, annual account fees ect..

Free charts and data feed. Has all necessary indices S&P 500, DJI, NASDAQ composite and also the TICK and TRIN.

Oh and low commissions would be awesome, I'm a jew.:p

Thanks, Sam
 

Liquid validity

Well-known member
Sep 19, 2010
2,423
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#2
With Ninja, pretty much IB or MB:
https://individuals.interactivebrokers.com/en/main.php
MB Trading - Stocks

To be blunt, I wouldn't personally touch MT4 with someone else's bargepole...
************************
EDIT - BTW these aren't UK based, but if you want ninja thats it.
For UK brokers its pretty much outright unleveraged long only,
or spreadbets / CFD.
 
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Likes: MajorMagnuM

Liquid validity

Well-known member
Sep 19, 2010
2,423
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#4
is IB spread betting or actually purchasing the stock?
No IB don't do spread betting.
You are buying the stock, with all the fees that go with it:
https://individuals.interactivebrokers.com/en/index.php?f=commission&p=stocks2#europe
https://individuals.interactivebrokers.com/en/index.php?f=products&p=europe_stk
https://individuals.interactivebrokers.com/en/index.php?f=products&p=stk

If you're new to this I'd suggest you stick with spread bets or CFD's.
 

neil

Well-known member
Nov 19, 2001
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Aug 20, 2013
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#6
Ok, thanks.
I have found plus500, its not good for any analysis but it charges premiums overnight, so I could get away with not paying anything for most of my trades that I do. They are UK based to and have lots of shares. They dont alow scalping (Which I dont mind as I dont intend to) But also no hedging...
Should I find a broker who is a bit more relaxed and offers a good platform or just pay for ninja trader but use plus500 for my trades?
If anyone here has used plus500, can you tell me what you think.

Thanks Sam

Thinking of using tc2000 for analysis? Any good?
 
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Aug 28, 2012
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#7
I can recommend FxPro ( I use them) , their mt4 is good for scalping

I trade on both cTrader and MT4..no slippage during news which is very good and they don't wide spreads during the night when market is quiet.
 
Aug 13, 2013
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#8
Hello,
Im looking for a good UK broker to day trade with that allows you to trade in US stocks, has a good platform similar to ninja trader or MT4.

It would be preferable if they didn't have any stupid fees like deposit fees, annual account fees ect..

Free charts and data feed. Has all necessary indices S&P 500, DJI, NASDAQ composite and also the TICK and TRIN.

Oh and low commissions would be awesome, I'm a jew.:p

Thanks, Sam
Hi Sam,

Probably London Capital Group can help you with that.

Regards,
Joseph.
 

PualoP

Active member
Dec 25, 2002
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#9
Stay away from FxPro, they're not really regulated by the FCA. They got licensed in Cyprus and 'passported' into the UK because of the EU.
 
Sep 5, 2013
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#10
I advise you try Plus500,it is reliable UK broker- regulated by the FSA. It is truly a well-respected CFD brokerage house in the UK. Traders find it very easy to work with them because Plus500 finds it very hard to dupe them too. With a nice customer support system and very large ears to attend to clients' complaints, hence clients need not literally wear bulletproof when dealing with Plus500. They have very tight spreads also with a simplified withdrawal process that clients can eat their nourishing sweat with well segregated accounts though they don't support scalping.In all, they are safe enough to keep your trust and money with.
Are you serious?????
 
Nov 22, 2008
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#11
Plus500 dont just do UK, you can trade easily other markets too. Theres a library of their cfd prices here http://cfd.stock-trkr.co.uk too, you can see how many different markets are available. My advice would be to take advantage of their £20 signup bonus, you dont need to deposit just confirm your telephone number, then you can tryout the live platform before making your final decision on whether to deposit :)


Ok, thanks.
I have found plus500, its not good for any analysis but it charges premiums overnight, so I could get away with not paying anything for most of my trades that I do. They are UK based to and have lots of shares. They dont alow scalping (Which I dont mind as I dont intend to) But also no hedging...
Should I find a broker who is a bit more relaxed and offers a good platform or just pay for ninja trader but use plus500 for my trades?
If anyone here has used plus500, can you tell me what you think.

Thanks Sam

Thinking of using tc2000 for analysis? Any good?
 
Aug 27, 2013
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#12
Hello,
Im looking for a good UK broker to day trade with that allows you to trade in US stocks, has a good platform similar to ninja trader or MT4.

It would be preferable if they didn't have any stupid fees like deposit fees, annual account fees ect..

Free charts and data feed. Has all necessary indices S&P 500, DJI, NASDAQ composite and also the TICK and TRIN.

Oh and low commissions would be awesome, I'm a jew.:p

Thanks, Sam
I trade US shares via CFDs with a company called Accendo Markets. They are London based and my broker gives me all the updates I need
 
May 12, 2012
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#13
I am a relative newcomer to trading but have been studying , learning and using demo accounts and small real accounts for the past few years until now I am confident enough to increase my account and trade sizes.

However no matter how much research I do I cannot find a reliable FX broker in the UK in terms of their reviews and forum reports (I am UK based).

I have used Oanda and Plus500 up to now. Plus 500 are off my list as I experienced lot's of slippages and funny going's on whenever I was due to take them for any decent amounts...
Oanda was better but I cannot find if they are regulated in the UK and I don't want to deposit £1000 with a broker I don't know if I can trust.

I have narrowed the list down to FXpro and FXCM, both of whom seem to have equally bad reports...

While I realise at this level they will be taking the other side of trades I want transparency and fairness from a broker...

Is this too much to ask??

Am I better to look at trading fx futures? if so can anyone recommend a good broker for this?

THANKS
 
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Nov 25, 2011
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art-by-alexa.com
#14
Oanda was better but I cannot find if they are regulated in the UK
They are. (Oanda Europe Ltd is a British company regulated by the FCA.)

I have narrows the list down to FXpro and FXCM, both of whom seem to have equally bad reports...
Indeed. Neither would be on my shortlist. Oanda actually would be, for an account of up to £50,000, in spite of a less-than-stellar long-term history of other companies owned by the same people.

As you say, it's far from easy.

In my opinion you're completely right to be concerned about the issues of regulation and your "broker" holding the other side of your positions.

I want transparency and fairness from a broker...

Is this too much to ask??
Yes, maybe it is; but that's partly because the retail bucketshops you're currently looking at are not really "brokers": they're market-makers pretending to be brokers. As you mention, they hold the other side of your trades.

Opinions and experiences always differ (sometimes markedly) about this, but in your position I would look at spreadbetting. All your profits (are you going to make profits? Yes - of course you are, otherwise we wouldn't be discussing it at all, would we?) will be tax-free. These days, spreads are small. They're well regulated. Effectively, they often don't hold the other side of your trade, as they typically lay off any significant collective liabilities and make some of their profits from the spreads. Just something to think about, perhaps?

Personal opinion only, of course, but in your position I'd be looking at Capital Spreads, maybe at some other well-established spreadbetting firms, and then at Oanda.
 
May 12, 2012
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#15
They are. (Oanda Europe Ltd is a British company regulated by the FCA.)



Indeed. Neither would be on my shortlist. Oanda actually would be, for an account of up to £50,000, in spite of a less-than-stellar long-term history of other companies owned by the same people.

As you say, it's far from easy.

In my opinion you're completely right to be concerned about the issues of regulation and your "broker" holding the other side of your positions.



Yes, maybe it is; but that's partly because the retail bucketshops you're currently looking at are not really "brokers": they're market-makers pretending to be brokers. As you mention, they hold the other side of your trades.

Opinions and experiences always differ (sometimes markedly) about this, but in your position I would look at spreadbetting. All your profits (are you going to make profits? Yes - of course you are, otherwise we wouldn't be discussing it at all, would we?) will be tax-free. These days, spreads are small. They're well regulated. Effectively, they often don't hold the other side of your trade, as they typically lay off any significant collective liabilities and make some of their profits from the spreads. Just something to think about, perhaps?

Personal opinion only, of course, but in your position I'd be looking at Capital Spreads, maybe at some other well-established spreadbetting firms, and then at Oanda.

Thanks for your helpful reply. Some useful information there for me.

Indeed. Neither would be on my shortlist. Oanda actually would be, for an account of up to £50,000, in spite of a less-than-stellar long-term history of other companies owned by the same people.

Thanks. Will re-look at Oanda.

Opinions and experiences always differ (sometimes markedly) about this, but in your position I would look at spreadbetting. All your profits (are you going to make profits? Yes - of course you are, otherwise we wouldn't be discussing it at all, would we?) will be tax-free. These days, spreads are small. They're well regulated. Effectively, they often don't hold the other side of your trade, as they typically lay off any significant collective liabilities and make some of their profits from the spreads. Just something to think about, perhaps?
I am confident of making profit and running a stable account. I have honed down to an effective strategy (or combination of) that works for me and I have generated + returns reliably over the past 6 months hence why I am now wanting to commit more financially.

Was looking at IG .com for spreadbetting, will take a look at Capital Spreads also though to be honest I am more looking to do fx trading as that is what I have been studying and learning
Does anyone have any recommendation for a UK regulated forex broker? for fx trading!?

What about cityindex?

They all seem to have some harsh reviews!!
 
May 12, 2012
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#16
After more head scratching I have decided to go with FX Pro (ctrader not MT4...). The positives seem to outweigh the negatives with them, however I may well open another account or two so will update my experiences with them.
 
Nov 25, 2011
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art-by-alexa.com
#17
will take a look at Capital Spreads also though to be honest I am more looking to do fx trading as that is what I have been studying and learning
The spreadbetting companies do Fx as well (I trade only Fx with them, in fact).

Good luck with Fx Pro; I agree that they have more good reviews than bad. It can be very difficult to judge these things!

I haven't used IG or Cityindex, though I looked at both in some detail before using CapSpreads, and my impression is that they're both probably fairly ok and very similar to one another.
 
Apr 16, 2013
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#19
I'm going to put in a good word for London Capital Group.

-Seriously low spreads.
-Fast execution.
-They do widen spreads during news, but no where near some other (looking at IG and Oanda), but I have NEVER got horrible slippage either.... they just seem to have the deepest liquidity.
-Never missed my stoploss.
-Support is the best.

so yeah...
 
Apr 1, 2015
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#20
Firstly you need to check which one is regulated from FCA and then which one fullfills most of your criteria. Some of them will be iron fx, fxpro and fxcm. they are regulated as far as i know and have what you are searching for however i will advise you to test each one of them before you proceed