Hey Simonar. CFD + 100k real acc + leverage + new in trading (?) = an alchemical recipe for a loss. There's Admiral Markets too.
Why CFD? Only reason might be british stamp duty... Go with direct market access. Spreads very tight or even non existent (ie. Auctions), way cheaper financing with reasonable broker (ie. IBKR) and account size such as yours.
They are asking me a bank statement with 50k on it. If not they cannot proceed with opening my account.
Take AAPL as an example and Plus500 Overnight funding - Buy -0.037% Overnight funding - Sell -0.0362 This is crazy high, almost 14% yearly. With IBKR you only pay 1.58% up to 100k and 1.08% (and lower) above for cash lended for the long position* and you only oay lending feea for the short (typically very low for this kind lf stock) or even get paid for the money received through the short sale.. *if you allow your stocks to be lend out for short sale you may also get some cash from that (not much)
Out of here plus500 for being user-friendly and avatrade for low balance requirements. IB and Saxo bank are very expensive for me, and the services they offer are something that almost every broker offers. Only if you are looking at using a base currency of minor currencies should you consider IB, otherwise even Fxview is good for CFD trading. Good customer support. Withdrawals are not a problem with any of these brokers.
I have registered with Oanda as a person and for a corporate account. The prior was smooth sailing while the second took months to get approved. Did you registrate as a corporation?
Couldn’t agree more! Now after having gained some experience I rate interactive brokers as best for just about everything. But as a beginner I found it extremely overwhelming. I believe there are brokers that make it seem a little easy on newbies. Not sure however.
If you are looking at high leverage for CFDs, Octafx and Fxview are such brokers. I also find their interface very beginner-friendly.
I think GoMarkets is better, same high leverage but with a better reputation. Although personally I don’t think anybody should be using 500:1 leverage, forget beginner traders.