Broker suggestions for EU citizen

Discussion in 'Retail Brokers' started by Nobert, Apr 18, 2019.

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  1. Nobert

    Nobert

    Thank you, didn't even knew , that they have UK department.
     
    #21     Jun 6, 2019
  2. avasfx

    avasfx

    #22     Jun 6, 2019
  3. Andras

    Andras

    Yes, they are definitely worth giving a try. I still trade frequently with my account with this broker. Smooth operation is their strong suit.
     
    #23     Jun 11, 2019
  4. TradeZero_Dan

    TradeZero_Dan Sponsor

    Why would anyone trade CFD? The broker is against you. They are motivated to make their execution algorithms to work against the client. Sorry, I just dont get it.
     
    #24     Jun 12, 2019
    tomtr27 and Nobert like this.
  5. Hittfeld

    Hittfeld

    Interactive Brokers working against their clients? Yes there are some pseudo (cfd) brokers - caveat emptor. But there is also lots of lovely fake news by US brokers on this topic. Reasons to trade CFDs (if you`re allowed to)? Leverage, scaling, .... lots of other reasons.

    Horses for courses.
     
    #25     Jun 13, 2019
  6. TradeZero_Dan

    TradeZero_Dan Sponsor

    Yes they take the other side of your action. Your loss is their gain, and your gain is their loss.
     
    #26     Jun 13, 2019
  7. Hittfeld

    Hittfeld

    Their gain is a commission - IB might be unknown to you - they are not a spreadbetting bucket shop.

    Your firm won`t charge commissons. So where is your gain without violating your customers interest?
     
    #27     Jun 14, 2019
    GRULSTMRNN likes this.
  8. TradeZero_Dan

    TradeZero_Dan Sponsor

    So when you lose money trading CFD, who gets it?

    Our gain is by providing investors of the US markets while monetizing things like debit and credit margin interest, receiving rebates for directing order flow to various exchanges, on upgraded platform fees, and short selling/locating fees. Totally transparent about who we are and how the firm makes its $
     
    #28     Jun 14, 2019
  9. Nobert

    Nobert

    It is, an artificial, non existing, synthetic , stock,

    that was created - by the broker.

    When your theoretical, long/short position, loses money, that loss - is brokers profits.
    There is no one , in the other side (no retailers, no market makers, no institutions),

    except your broker - who benefits, from his client loss.
    (peak of human morals, ....zero emotions, in the world of finance)


    It's perfect indication and example, for conflict of interest.


    That's why i call them -

    Contracts For Dummies.
     
    #29     Jun 14, 2019
    tomtr27, RDK91 and TradeZero_Dan like this.
  10. TradeZero_Dan

    TradeZero_Dan Sponsor

    Well stated Nobert
     
    #30     Jun 14, 2019
    Nobert likes this.
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