Broker suggestions for EU citizen

[Nobert]

Why don't you try Interactive Brokers UK? Minimum deposit now is 2000$, low commissions, if you under PDT rule - you can trade cfd's on stocks in US market

Thank you, didn't even knew , that they have UK department.

 

[avasfx]

here: https://www.interactivebrokers.co.uk/en/home.php
or you can also try Trade Station international: https://www.tradestation-international.com/global/. It's basically trade station software connected to interecative brokers, but commissions are a little bit higher compared to IB directly but you will have TS

 

[Andras]

Have you tried Forexchief broker? Very good for EU traders. I use this broker and happy to recommend. Their minimum balance is $100 and no conflict of interest for sure. Check it out if it will qualifies per your needs.

Yes, they are definitely worth giving a try. I still trade frequently with my account with this broker. Smooth operation is their strong suit.

 

[TradeZero_Dan]

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.

 

[Hittfeld]

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.

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.

 

[TradeZero_Dan]

Yes they take the other side of your action. Your loss is their gain, and your gain is their loss.

 

[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?

 

[TradeZero_Dan]

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 $

 

[Nobert]

Their gain is a commission.

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.

 

[TradeZero_Dan]

Well stated Nobert