$100.000 in Europe. Which CFD Broker?

S

simonar

Hello everybody.
Looking for a good brokerage firm that offer CFD Trading with no withdrawal problems and good customer support.

PS: what do you think about Plus500, AvaTrade, Interactive Brokers, Saxo Bank... ?

Thank you!
S.
 
Maybe Oanda?

Are you new to trading? If so, then starting with a 100k is a very very bad idea. Speaking from personal experience.
 
Oanda refused me because I didn't want to prove them 50k in one bank account. Sure it's a bad idea to trade all of them but this is my budget to begin.
 
simonar said:
Oanda refused me because I didn't want to prove them 50k in one bank account. Sure it's a bad idea to trade all of them but this is my budget to begin.
More...

This is strange. I had accounts with Oanda without having to prove much.

Interactive Brokers is definitely the best among the ones you mentioned. Although they offer CFD's, it's all quite advanced and maybe not suitable for beginners.

IG could be a decent solid european option. For high leverage you have to step away from Europe.
 
cesfx said:
This is strange. I had accounts with Oanda without having to prove much.

Interactive Brokers is definitely the best among the ones you mentioned. Although they offer CFD's, it's all quite advanced and maybe not suitable for beginners.

IG could be a decent solid european option. For high leverage you have to step away from Europe.
More...

CFD brokers have to publish how many customers lose money. The people making money are the ones not using leverage but using CFD’s to avoid the stamp duty.
 
ZBZB said:
CFD brokers have to publish how many customers lose money. The people making money are the ones not using leverage but using CFD’s to avoid the stamp duty.
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At the extremes I agree but you can e.g. go with 2x leverage diversified positions and sleep fairly easy as well. Backtesting is useful for finding out what leverage is actually reasonable (optimal) to use, and it's in most cases much less than retail is provided with.
 
simonar said:
Oanda refused me because I didn't want to prove them 50k in one bank account. Sure it's a bad idea to trade all of them but this is my budget to begin.
More...

Can you explain? I didn't have to show to Oanda how much money I had in my bank account. (If I understand you correctly.)

Yeah, they can be a bit picky with the info you provide but that's for your own protection, e.g. so someone else can't withdraw your money to their bank account.
 
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