Is Interactive Brokers still the best broker to use?

[Adamroweco]

sorry my bad westpac
i'm trading shares
i did work out how to turn there ma in to a ema
but still cant find the value

 

[Habakkuk]

what a bout tradedirect360 ?
just opened a demo account look's good and cheaper than IG but cant find an EMA indicator or volume
so a bit disappointing there but asx trades only $5 or .07%
so cheaper than IG again
and they are with west pack
can set a stop or trailing stop as well witch is something i could not do with IG
live data is $27 a month
what do you think ????????
and yes i know IG markets is not the best trading platform but i have only been trading form a short amount of time but would like to know what people think a bout it as well
thank you

There is no volume when you trade CFDs. There is no market depth or Level 2. Only the provider has that info and they're not telling you.
That's the disadvantage with CFD providers, that you will always have to cross the spread.
The advantage with TradeDirect365 is the low commission and low funding requirements. Also, it's easy to open an account. Compare that to IB.

 

[Adamroweco]

ok thank you
i'm currently using IG markets and i'm thinking of moving over too TD365
look's good so far just wish i had volume
as some time's i day trade
and i have found it useful for share trading as i have been using EMA 200 and RSI with MACD
with volume is there potentially something else i could use ?
but i'm still new to this sort of trading
but i'd be interested to know what other people think of
TD365

 

[Habakkuk]

Actually, I have just realized that my answer is wrong.
There is no volume displayed when you trade CFDs with TD365, but there are other CFD providers who provide full market depth displays, via IRESS, usually. These are DMA CFD providers who simply buy the shares in their own name to offset any risk. They will charge commission and funding costs if you hold shares overnight. That's how they make their money.
That way you don't need to cross the spread and you will be trading shares the same as with an ASX broker, only the shares will not be registered in your name.

 

[Adamroweco]

yes i have read that
still have been bitten by IG and have been looking for another platform to trade on
as IG has no stops or trailing stop loss
i have begun to use the stop order as a stop lol
when trading shares
it's a pain there is no trailing stop for CFD as well
do we have anything like robin hood or sink or swim we can use ?

 

[cutz]

yes i have read that
still have been bitten by IG and have been looking for another platform to trade on
as IG has no stops or trailing stop loss
i have begun to use the stop order as a stop lol
when trading shares
it's a pain there is no trailing stop for CFD as well
do we have anything like robin hood or sink or swim we can use ?

Hey buddy,

Had I look for you on IB, spreads are same width as the underlying stock, take BHP 30.00/30.01 as I write, interest on ASX stocks about 1.5 percent, that looks pretty good yeah ?

 

[Adamroweco]

Had I look for you on IB, spreads are same width as the underlying stock, take BHP 30.00/30.01 as I write, interest on ASX stocks about 1.5 percent, that looks pretty good yeah

just had a look and there a bit cheaper as trading ( asx with IG is $8 or 1.% when there $6 or .08%)
even trading the us market is a better price
the trading plat let's you do a lot more
from trailing stop's to fill or kill
getting the demo account now for a look !!!!

Monthly Trade Value (AUD) 5 Execution Fee 6 Minimum per Order

First 3,000,000 0.08% of trade value AUD 5
3,000,000 - 30,000,000 0.05% of trade value AUD 4
30,000,000 - 100,000,000 0.03% of trade value AUD 3
100,000,000 - 300,000,000 0.025% of trade value AUD 2
> 300,000,000 0.015% of trade value AUD 1

 

[Freefolk]

just thought id add to this, IB recently scrapped monthly charges for standard account. they have a great platform, great brokerage and commissions. my only concern with them is lack of Chess sponsorship.
but, i still use them and only with a $70k account, not hundreds of thousands