* Stock CFD Broker *

J

jayonline

Hello Everyone, please help me :)

I would like to find a CFD broker like IB, unfortunately IB has restricted margin in Australia, so I cannot use it due to my Government :(

I have been looking for a prop broker or introducing broker connected to IB but cannot find one at all ( I googled ).

Do you know any brokers that do?

I don't like IG their commissions are too high and I prefer the IB platform.
your help would be most appreciated please.
 
saxo bank,they have a lot of cfds and are on par with interactive brokers
halifax investment services,same platform and service as interactive brokers but with a commission on top of it.
both have offices in sydney
 
Hey TKOSTA74 :)
have you personally used Halifax? And did you like the service ( deposit , withdrawals etc)?

And I also noticed Saxobank changed CFD's do DMA last year so that also makes me happy.
Thanks for your reply.
 
jayonline said:
Hey TKOSTA74 :)
have you personally used Halifax? And did you like the service ( deposit , withdrawals etc)?

And I also noticed Saxobank changed CFD's do DMA last year so that also makes me happy.
Thanks for your reply.
More...

i have an account with ig markets and saxo bank.they are my two brokers.
i day trade indices (aus200 + cac40) with ig markets = 1 point spread, zero commissions

halifax = i had a look at them last year and i know that they have the same markets as interactive brokers but they charge commission on top. i could not find much reviews about them.i do not know much about them
 
Don't go near Halifax! They are a bucket shop who decided to name themselves after a famous british bank to give the aura of credibility. The company is run by arrogant morons.

They are not even a proper broker. They just use white-label other brokers technologies and liquidity.

I think you'd be safe by sticking to IG, Saxo and CMC.
 
TKOSTA74 said:
saxo bank,they have a lot of cfds and are on par with interactive brokers
halifax investment services,same platform and service as interactive brokers but with a commission on top of it.
both have offices in sydney
More...

Commissions and margin rates are higher with Saxo than IB afaik, if holding CFDs overnight one needs to pay interests on the whole value of CFds, no matter their balance in the account, so the difference gets quite significant
 
luisHK said:
Just to put illustrate with official numbers. I don't know though what discounts one can get from Saxo with higher volume or balance. Their product range is sure atractive :

https://www.home.saxo/rates-and-conditions/cfds/financing
https://www.interactivebrokers.com/en/index.php?f=interest&p=cfds1
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it depends how much you trade
they have a active trader discount on cfd,futures,equites,forex etc etc

i am more comfortable trading with saxo bank now than ig.and i know 100% that the aus200 follows the futures market on par.

ig markets i am hot and cold,i like it as well but saxo bank now does it for me.

i cannot trade interactive brokers cfd due to them not providing a cfd service here.
 
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I'm trying to trade the aus200 CFD as well. The ranges seem too small for intraday trading and I was thinking of trading the hk50 CFD instead. But Saxo's spread for hk50 is way too large and the execution is crap. Do you trade aus200 intraday?
 
terminator8 said:
I'm trying to trade the aus200 CFD as well. The ranges seem too small for intraday trading and I was thinking of trading the hk50 CFD instead. But Saxo's spread for hk50 is way too large and the execution is crap. Do you trade aus200 intraday?
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The Aus200 for me is my bread and butter and i understand the characteristics very well,that is what i have been concentrating on for the last 6 years.I understand what you mean such as yesterday i came home and saw it in a <10 point trading range and didn't bother to trade it.
I am currently working and i am trying to be consistent in making a 10 point daily profit on a 5 minute chart,once i am confident and have enough spare change i will go full time.
I get the end of the Aus200, so it is hard to trade around that time.Another one i personally like is the french 40,but again that is my taste.I have tried all of the markets and these two are my most profitable and it is what makes sense to me.
The hk50 it does look beautiful,but haven't traded it yet.yes i agree the spreads are to large,but you can try it on saxo bank futures,they have a mini hang seng or invast (dma cfd)
 
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