Economical way to trade European shares...
- Thread starter risktaker
- Start date
this might be an alternative if you trade size: http://www.onlinetrader.com/index.php?sid=32
haven't used it myself thoug
it will be hard to beat either IB or this one
haven't used it myself thoug
it will be hard to beat either IB or this one
Thanks, but these guys are even more than IB in some instances.
For example...Buy a stock with total value of 100.000 euros. Commission is quoted at 5 euros + .05% which is another 50 euros. So the total commish to buy 100.000 euros of stock is 55 euros!
You can buy $100,000 of stock in US exchanges for $5 or $10.
That makes European retail commissions 10x more!
Thanks for pointing out this broker though. I was not aware of them.
For example...Buy a stock with total value of 100.000 euros. Commission is quoted at 5 euros + .05% which is another 50 euros. So the total commish to buy 100.000 euros of stock is 55 euros!
You can buy $100,000 of stock in US exchanges for $5 or $10.
That makes European retail commissions 10x more!
Thanks for pointing out this broker though. I was not aware of them.
For UK shares, the best way is to use CFDs to avoid the stamp duty (and market makers are so easy to screw 
)
)IB is best for Euro Stocks. You will not find anyone cheaper (retail, not arcades).
Problem is the exchanges, structure of exchanges in europe, e.g. no competition (ECNs etc) allowed.
Way too expensive !
Problem is the exchanges, structure of exchanges in europe, e.g. no competition (ECNs etc) allowed.
Way too expensive !
If you wish to trade European stock, specially the German stocks (the German exchanges are not part of the Euronext) take a look at www.flatex.de
Their REAL flat fee is hard to beat and they won't charge extra commissions each time you have to change the price of your order, like at IB.
Oh and flatex doesn't charge you also for the cancellation of option orders (I see cancellation fees at IB for stocks and futures coming soon, because apparently the shareholders are becoming greedy)
Their REAL flat fee is hard to beat and they won't charge extra commissions each time you have to change the price of your order, like at IB.
Oh and flatex doesn't charge you also for the cancellation of option orders (I see cancellation fees at IB for stocks and futures coming soon, because apparently the shareholders are becoming greedy)
got a bit intrigued by this question so looked a bit around.
This might be the solution to your problems if you trade size: http://www.merchantbanking.fortis.com/Institutionals/Professional_Traders.htm
This might be the solution to your problems if you trade size: http://www.merchantbanking.fortis.com/Institutionals/Professional_Traders.htm