Good trader for daytrading stocks from EU

B

Bent

I, I recently ask for information about IB Trader, but after some replys from the Support i get that dont fit with I want, maybe my case is so specific.

Basicly i want to operate fast and make multiple operations at day, put/edit/move stop/profit limits fast etc, but only with my money, with stocks of NADAQ and NYSE.

I check multiple demo modes, I test many cases, and I end in this:

  • Degiro: Good one, nice prices, all stock I search every day, but the webtrader is slow as hell to work with, and the Graphs are possible the worst I see (no 1 min candles, I use Yahoo finance free to see the moving data and refresh FASTER!)
  • CityIndex: No good Stocks amount, many NYSE or NasdaQ missing, more for CFDs.
  • Interactive Brokers: Really complete Trading platform, but I ask for info about PDT and Cash account (play with own money) from Support: "In Cash accounts, you may only trade of settled currency balances and the settlement period for stocks is trading plus 2 business days" so this prevent me to use my money more than 1 time in 2 days.. useless for my case.
  • XTB: The platform is simple but fast (I try purchase low price stocks and take 1-2 seconds), appear perfect for daytraders (fast search, purchase, and stop loss place and move), but... same of CityIndex, may many stocks missing (examples "QS" NYSE, "AI" NYSE, "AVIR" NasdaqGS)
  • Etoro: Many stocks missing to, and the platform appear more a social network than a trader platform, lack of info or realtime graphs.

There is no European trader with decent platform, good amount of stocks and that allow me to use my own money to operate with no time limit?

If I need to pay more commisions for trade is ok, pay 0.5€ or 1€ is not a pain, same for monthly.

All recommendations are wellcome :)
 
Very nice overview Brent. I've been using both DeGiro and IBKR and here's some useful information

DeGiro:
"+" It doesn't incur any PDT rules and T+3 settlement. I traded there with my cash account couple of months and the money from sell was instantly available to buy.
"-" it doesn't allow Pre/After market trading. For me it was a showstopper that made me turn into IBKR:

IBKR however:
"+" Yes, it allows for pre/after market execution
"-" has terrible tooling in terms of UX, very unintuitive, hard to learn. Sometimes, web client just doesn't work.
"-" The mentioned T+3 settlement was something new to me, which made me switch to the margin account, which somehow allows you to still do daytrading.

Can anyone explain why DeGiro can make the money be settled instantly while for IBKR it takes 3 days? My only suspicion is that IBKR may be regulated by US laws that force the T+3 while DeGiro is regulated by EU. Any thoughts?
 
So if you have more than 25k$ (PDT rules) plenty of us broker offer this (ligthspeed, speedtrader, centersecuritypoint,...) I speak only about those have a realy good review and platform.
If you don't have 25k$ you will have to find outside of us, so there is tradezero (i tested them and avoid them worst broker i never see), cmegroup, alliancecapital i think not sure, but commission are greather than us brokers.
 
Hi
that i wrote about them:
============================
I appreciate:
Hotkeys with ability to close a partial position like 30% or 50%.
Chat 24/7 and people are nice.

I don't appreciate:
  1. Unability to open a position by amount. This is realy important, because when you trade, the most important is to manage your risk!!
  2. Volume on dayli chart are wrong!!
  3. Vwap is wrong!!
  4. If you draw an horizontal line, its value is on the right of he chart (not in scale) and if candle arrive close to it, you no longer see the candle and you can't hidde the value.
  5. In the history of your trade there are no time, so you don't know exactly when you have opened them!!
  6. If you draw an horizontal line on a 1min chart, it appear vertical on the 15min chart!!
  7. Some hotkeys seems available (you can use and add in the settings) but doesn't work if you use them in real trading.
==================================================

And now, and Because I used zeroweb i can add 2 things:
  1. Platform freeze many time.
  2. I put a stop, price has been reached and position still there, and more when I tried to close it manually I was blocked and I couldn't close it.
So I rapidly close my account and leave away!!

Ps: for precicion, I use their branch who they have in bahamas for don't have the PDT rule.


 
neo-13 said:
Hi
that i wrote about them:
============================
I appreciate:
Hotkeys with ability to close a partial position like 30% or 50%.
Chat 24/7 and people are nice.

I don't appreciate:
  1. Unability to open a position by amount. This is realy important, because when you trade, the most important is to manage your risk!!
  2. Volume on dayli chart are wrong!!
  3. Vwap is wrong!!
  4. If you draw an horizontal line, its value is on the right of he chart (not in scale) and if candle arrive close to it, you no longer see the candle and you can't hidde the value.
  5. In the history of your trade there are no time, so you don't know exactly when you have opened them!!
  6. If you draw an horizontal line on a 1min chart, it appear vertical on the 15min chart!!
  7. Some hotkeys seems available (you can use and add in the settings) but doesn't work if you use them in real trading.
==================================================

And now, and Because I used zeroweb i can add 2 things:
  1. Platform freeze many time.
  2. I put a stop, price has been reached and position still there, and more when I tried to close it manually I was blocked and I couldn't close it.
So I rapidly close my account and leave away!!

Ps: for precicion, I use their branch who they have in bahamas for don't have the PDT rule.

More...

Hmm, weird. I never had any of the issues you mentioned, but i use Zero Pro.
 
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