Just out of curiosity, why are you looking for a forex only broker?
Because he trades stocks on the Palestinian stock exchange and occasionally dips his toes in the sugar wheat and platinum commodities market.
If you don't trade on the LSE, then why would you want a UK broker? Better yet, please tell me why someone would trade in the aforementioned stock exchange? You can have a brokerage account anywhere you want, even if you do not live there.
looks like plus500 is the best broker at the moment... to buy their shares
down 41% today.
looking like a bargain
I believe that he is looking for a broker regulated by FCA
If you can use a UK broker, then why not use a broker from say France or Germany or even the US. No stamp duty in the US.
The compensation scheme in case of broker`s insolvency is much better in UK than in most other countries, more than 3 times German compensation.
US broker for a non resident alien are sometimes not available, always excluded from trading non SEC controlled option products like ODAX (Eurex) or its korean equivalent. Try find an american broker offering Liffe options.
Regards
Sorry, but Frank-Dodd forced some changes: European customers will be allocated to Interactive Brokers UK only.
SIPP protection scheme will compensate european customers on default of european products?
I tried some 6 months to find an US broker to trade Dax, Eurostoxx and Ftse options. No way, I tried all the big names and the small ones. Not ONE!!
If you find one, I`ll be delighted to follow your advice, might even send you a virtual bottle of wine.
Can you show us a screenshot of your withdraw ?Many people still waiting to get their money from them.I read many negative reviews about that company.I can see everyone's concerns regarding brokers - I have big concerns too- especially with all this reviews and evidence that appear for a lot of brokers. I see that most of you do not fully trust FXCM and FXPro, think I feel the same - didn't have the best experience with them. Also, I see you mention lot's of slippages with Plus 500 - I am surprise, usually they have good reputation - can you please tell us more about these problems? I too believe is best to trade with FCA regulated brokers. Personally, at the moment I would suggest Iron FX. They are regulated in the UK, I can withdraw any time and their support is very helpful.
I too believe is best to trade with FCA regulated brokers. Personally, at the moment I would suggest Iron FX. They are regulated in the UK, I can withdraw any time and their support is very helpful.
@malcr001 i read a lot about brokers got fines and read this forex peach army but to be honest they have bad reports for every broker besides the ones advertising with them. So I don't trust this site. In my case , i trade with Iron FX under FCA and am happy all good. maybe they got a fine from Cysec but is a different regulation. I don't think they ever had a problem with clients under FCA. as long as i have my communication with them and i can withdraw any time. I am ok. Brokers under Cysec are less trusted .
I realise when you read a lot of reviews (not just forexpeacearmy) that theres a lot of people adding bad reviews. i r o n f x is especially bad so why risk it? Have you considered that they only choose to advertise reputable brokers? You go on about FCA regulation and yes of course it's important that they're FCA regulated. To be honest I don't know how they managed it. It is only their UK arm that's FCA regulated the rest is CySEC regulation, I'm sure they are just forwarding trades. At the end of the day it's your money, what I can say though is that theres countless comments from clients about issues with them but you seem to be the exception. You can't even mention their name here because I bet i r o n f x has a history of handing out legal action to the site owner for anyone that says anything bad about them.
No IB don't do spread betting.
You are buying the stock, with all the fees that go with it:
https://individuals.interactivebrokers.com/en/index.php?f=commission&p=stocks2#europe
https://individuals.interactivebrokers.com/en/index.php?f=products&p=europe_stk
https://individuals.interactivebrokers.com/en/index.php?f=products&p=stk
If you're new to this I'd suggest you stick with spread bets or CFD's.