When you have time, please look into Forexchief, an offshore broker. Especially if you need higher leverage on stock trading.
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Beginner trader looking for suggestions for the right broker
- Thread starter JoshK
- Start date
When you have time, please look into Forexchief, an offshore broker. Especially if you need higher leverage on stock trading.
You mean CFD trading.
Another thing about IB, too much documentation. God bless me, wasn’t case with Fxpro and FxviewNever had any issues with IB.
Another thing about IB, too much documentation. God bless me, wasn’t case with Fxpro and Fxview
Comparing IB to shady FX brokers? Really?
Besides much of formalities, I am still with them. Btw, who doesn’t like quick setups.Never had any issues with IB.
Interactive Broker with tradestation is awful. I am an independent trader with 7+ years of experience, if you are an intraday trader you need something stable and very fast. IB is not! If you are a swing trader or someone trading for a hobby, or an investor then go for it. Someone mentioned Tradestation, which is the worst platform I ever tried, it's slow it got stucked again and again...... anyway for swing trading it's ok. Tradestation is puremarketing there is this slow-speaking guy "jesus Nava" who spends 30 minutes of introduction to explain that tradestation offer OCO orders, which any platform has.
As a rule of thumb this is what you need (I won't mention my brokers and platform because my solution is customized and took me years to settle me up):
1) platform need to be developed in C++ (so it will be fast, not in java which is slow)
2) make sure that platform is well develops (I mean if you have 3 instances of the platfom open each one should run on a different core of your CPU, so to optimize performance)
3) platform should be difficult to learn and very "spartan", nothing colorful and graphically cool, nothuing fancy.
4) you need to be able to hit a button a be out of the trades in matter on milliseconds
5) you need to have server side OCO orders
6) you need to have backup way to check your position in case the platform crashes
if you want to set it up professionally you chose your datafeed, not the one that comes with the broker. For instance set up IB with TT and it will work ok, or even IQfeed..... but IB datafeed is not good. Also check the level two and compare.
As a rule of thumb this is what you need (I won't mention my brokers and platform because my solution is customized and took me years to settle me up):
1) platform need to be developed in C++ (so it will be fast, not in java which is slow)
2) make sure that platform is well develops (I mean if you have 3 instances of the platfom open each one should run on a different core of your CPU, so to optimize performance)
3) platform should be difficult to learn and very "spartan", nothing colorful and graphically cool, nothuing fancy.
4) you need to be able to hit a button a be out of the trades in matter on milliseconds
5) you need to have server side OCO orders
6) you need to have backup way to check your position in case the platform crashes
if you want to set it up professionally you chose your datafeed, not the one that comes with the broker. For instance set up IB with TT and it will work ok, or even IQfeed..... but IB datafeed is not good. Also check the level two and compare.
Hey Josh, this is Big Cheese from relevisk.com. I would recommend going with a big name broker since you're a beginner, TD Ameritrade is good for beginners since they offer a TON of training and education on the markets, not to mention their ThinkorSwim platform for when you get some experience, trading is hard enough without muddying the waters with a broker/platform that's unproven
I didn’t mean that IB is bad in any way. In fact I’m using it for my ETFs along with my ECN account on Fxview. Quite happy using them, just the documentation bit is somewhat cumbersome I found.Comparing IB to shady FX brokers? Really?
Forexchief huh, It's 1:100 leverage on stock/CFDs preciselyWhen you have time, please look into Forexchief, an offshore broker. Especially if you need higher leverage on stock trading.
Thank you for your input, but I already knew that. I am sure I've been using Forexchief longer than youForexchief huh, It's 1:100 leverage on stock/CFDs precisely