Stock broker

Mx_Trader

Recruit
Messages
2
Hi,

I am having some difficulties finding a regulated broker that offers american stocks ETFs and ADRs.
I have accounts with etoro and fxpro, which are horrible for trading stocks, quotes are not accurate, huge spreads, and they offer a limited amount of tickers.

Can anyone recommend an EU regulated broker, that doesnt impose PDT and solves all the above?
 

GigiFX

Recruit
Messages
10
Hi,

I am having some difficulties finding a regulated broker that offers american stocks ETFs and ADRs.
I have accounts with etoro and fxpro, which are horrible for trading stocks, quotes are not accurate, huge spreads, and they offer a limited amount of tickers.

Can anyone recommend an EU regulated broker, that doesnt impose PDT and solves all the above?

Any luck.?
I am too looking for a EU regulated stock brokers. I'd like to trade stocks of mining companies.
I was recommended IBKR by a serious guy , however I read the reviews and decided not to go with them.
 

Pharaoh

Colonel
Messages
20,043
If you trade stocks on most forex brokers, you are really trading CFDs. This means the broker is taking the opposite side of all stock transactions and hoping that all clients together end up in net loss (which is net profit for the broker). To ensure this, slow fills and other stupid broker tricks may be employed.

If you want to OWN stocks, whether for day trading, long-term investing, or something in-between, you need a licensed stockbroker that puts your trades directly through the exchange the stocks are trades on (NYSE and NASDAQ for the vast bulk of US stocks). Even if a broker delays a fill, the price you get (better or worse) is from the exchange and doesn't benefit the broker.

There are a few regular forex brokers that are also licensed stockbrokers. Other stockbrokers don't get involved in Fx at all (except maybe some exchange traded currency futures), but many do offer a lot of other financial products. There are also super-stripped down "stock-only, online trading only" discount brokers.

I have noticed the FPA has been quietly adding more and more non-Fx stockbrokers, including a number of names I'm familiar with. If you know of any that aren't listed yet, there's an "Add new site" option on the main reviews listing page.
 

GigiFX

Recruit
Messages
10
If you trade stocks on most forex brokers, you are really trading CFDs. This means the broker is taking the opposite side of all stock transactions and hoping that all clients together end up in net loss (which is net profit for the broker). To ensure this, slow fills and other stupid broker tricks may be employed.

If you want to OWN stocks, whether for day trading, long-term investing, or something in-between, you need a licensed stockbroker that puts your trades directly through the exchange the stocks are trades on (NYSE and NASDAQ for the vast bulk of US stocks). Even if a broker delays a fill, the price you get (better or worse) is from the exchange and doesn't benefit the broker.

There are a few regular forex brokers that are also licensed stockbrokers. Other stockbrokers don't get involved in Fx at all (except maybe some exchange traded currency futures), but many do offer a lot of other financial products. There are also super-stripped down "stock-only, online trading only" discount brokers.

I have noticed the FPA has been quietly adding more and more non-Fx stockbrokers, including a number of names I'm familiar with. If you know of any that aren't listed yet, there's an "Add new site" option on the main reviews listing page.

Hi dear
Thank you very much for taking the time to reply.
My forex broker is global prime.
However I am still looking for the least worst stockbroker in order to trade stocks listed on the LSE, US, Canada etc.
It's all about finding least worst for us retail "traders" -_-
I 've had a bad experience with ic markets once I started making "serious" money and I don't want the same to happen again with a bad stockbroker.
 

Pharaoh

Colonel
Messages
20,043
The advantage of a true licensed stockbroker is that 100% of your trades go directly to the exchange. In this case, the broker has zero interest in deciding you are "too profitable". Other things can still go wrong, but claims of "you magically forced us to accept a non-market trade" won't work very well since every trade on the stock exchange is processed through the exchange itself and you can't buy or sell at a price that doesn't exist.
 
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