You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
$100.000 in Europe. Which CFD Broker?
- Thread starter simonar
- Start date
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.
They are asking me a bank statement with 50k on it. If not they cannot proceed with opening my account.
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.
Can you explain please?
Can you explain please?
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.
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.
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?
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.
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.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.
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.If you are looking at high leverage for CFDs, Octafx and Fxview are such brokers. I also find their interface very beginner-friendly.