Brokers..........who do you use?

Kinetic^

Just wondering what brokers people are using?

I'm very tempted to use Sharewatch but after reading a few reviews on here I'm thinking twice.

Have heard Fexco are next in line in relation to cost so might be my best bet.

MrMatisse

cost aint everything. Build a trading history with davy or goodbody and you will be offered all sorts of off market deals.

Kinetic^

Thanks for that holyrood, anyone else got any they use?

Whether they online or otherwise.

Kinetic^

I've requested applications for www.TDwaterhouse.co.uk and www.stocktradebroking.co.uk.....anybody any experience with them?

PDelux

I use Goodbody for Irish and Uk trades, and Etrade for US. I will probably try out the new global markets system on Etrade when it starts next month and if it's ok then use it for UK trades.
I also use DeltaIndex as you might have guessed from the other thread:)

Kinetic^

I've setup an account with both sharewatch and fexco......will report back my experiences.

SuperHans

Davy and ComputerShare

soma

I use http://www.internaxx.lu

A bit expensive for trades but at least it allows me to trade in many currencies on many exchanges, which is important for me at the moment as I wouldn't the touch the ISEQ with a 2km barge pole and I'm wary of both the US Dollar and the american exchanges.

PDelux

I'm wary of both the US Dollar and the american exchanges.

Fair enough to be wary but you should keep an eye on the charts because there could be easy money to be made.
For example, look at the DJIA, S&P500 charts and see the downtrend from the end of Feb formed a "double bottom" in March. This was a textbook reversal and should have been easy to spot. It also appeared in many Europe indices. There was easy money to be made if anyone spotted this.

kmick

soma wrote:

I use http://www.internaxx.lu

A bit expensive for trades but at least it allows me to trade in many currencies on many exchanges, which is important for me at the moment as I wouldn't the touch the ISEQ with a 2km barge pole and I'm wary of both the US Dollar and the american exchanges.

I have been getting nice healthy returns on the ISEQ for the last couple of years via Quinn Life and their very user friendly Freeway funds. I realise the ISEQ is fairly exposed in terms of risk at the moment but over time it evens out. I also have some money in the european funds which have less of a return but I would consider them less risky overall. 20% on the Irsh funds and 10% on the European per year are fairly standard the last few years. Plus Quinn Life only charge 1% which is very reasonable. Plus I like Tony Quinn - I believe he is in it for the long haul. Davy/Goodbody etc are far from independant of the stocks they sell imho are are rip-off republic pricing in my opinion.

Kinetic^

Kmick, have to agree with you on Tony Quinn, good kid so he is and he's Irish to boot!!

Pdeluc, where would one get this "Textbook" you talk of?

PDelux

Pdeluc, where would one get this "Textbook" you talk of?

The internet is the best textbook
Here is a link to one website that explains the "double bottom":
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:double_bottom

there are other chart patterns to look out for too. You'd be surprised at how often they show up in charts, you just have to keep an eye out for them.

Kinetic^

Ok thanks.


Made by very first trade there........:D

defiantshrimp

PDelux wrote:

Fair enough to be wary but you should keep an eye on the charts because there could be easy money to be made.
For example, look at the DJIA, S&P500 charts and see the downtrend from the end of Feb formed a "double bottom" in March. This was a textbook reversal and should have been easy to spot. It also appeared in many Europe indices. There was easy money to be made if anyone spotted this.

Technical analysis? The astrology of investing.

Aside from the bad investing advice I'd recommend Keytrade as a broker. They are a Belgian bank and are part of a bigger French bank. Their tech support is good but their english can be a bit patchy at times!

naitkris

Firstrade - they're a US broker but very good on price

fullirish

Kenny5 you quote above: "I've setup an account with both sharewatch and fexco......will report back my experiences."

How did it go ?

Thinking of either of these for execution only purchase / sales on Irish shares, whats the verdict ??

cheers

silverharp

TD Waterhouse is good. Easy access to Canadian and US markets, and you can hold your funds in Euros

fullirish

cheers silverharp - some quick questions for ya: had a look at their site and type of accounts - would they consider irish stocks e.g. aib, as international ? presumably then the "trading plus" a/c is the one to go for ? Do all the stocks I buy / sell end up in my own name by unless I specify otherwise ?

They certainly do have good rates - they say you get the hemscott info for free (not sure how good that is though!)

cheers

daveirl

This post has been deleted.

silverpaddy

Fexco quite reasonable and good service, real time prices, access to markets.....Good low cost option.

marathonic

Interactive Brokers - Very Cheap, can trade worldwide markets (not on the ISEQ though), can hold balances in multiple currencies and can trade options, bonds, forex, etc.

Cynical Dragon

I trade with Renaissance Financial Markets which I find very reasonable on rates..I keep my balance in euros.. www.rfm.ie ..I use CFDs which I find are better for daytrading than buying the actual shares ..So you dont get hit for stamp tax etc and its easier to get in and scalp stuff like AIB or BOI..You can trade over the phone or online..Just a very good personalised service with a trader that keeps you informed of whats going on when ur not at a pc..and cos they are in Dublin, they are easier to contact than ringing abroad and getting an automated service..pm me if u want my traders email address
CD

pirelli

PDelux wrote: »

Fair enough to be wary but you should keep an eye on the charts because there could be easy money to be made.
For example, look at the DJIA, S&P500 charts and see the downtrend from the end of Feb formed a "double bottom" in March. This was a textbook reversal and should have been easy to spot. It also appeared in many Europe indices. There was easy money to be made if anyone spotted this.

WHAT ! I would say there are few people here that don't know every nook and cranny of the fine detailed architecture of every pixel that makes up the S&P /Nasdaq/ISEQ/DJI chart that highlights the march bottom. If that bottom was a pub it would be packed out with know it all smarties and smart day traders that have packed in the day job to chatter their jowls about how much money they can make from the stock market crater.On most threads there are high tech rockets being designed by bicycle mechanics who have packed in the day job and st up shop on their little patch of the crater to try find the most perfect angle to launch their life savings into financial stratospheres.

There are even weather presenters that have packed it in to live in this crater and make money form the ever changing wether patterns of the crater

That internationally recognized stock market depression bottom of early march has been compared on this forum in great detail to every other stock market depression in the last century and projected conjectures have been made and all.

I mean we have bloomberg in ireland. We know the score.

BrazilianNutter

Hi guys,

I trade mainly Forex. I'm trading with a broker called Tamley Global Markets (www.tamley.com). They are based in UK and regulated by the Financial Regulator UK.
The only thing is that they offer only Foreign Exchange, but as this is the financial instrument that I mainly trade, it's ok for me.:)

They trading platform and charting package is second to none, one of the best I've ever seen.
I've heard that they will open a Dublin office soon, so that will be great for training, etc...

I hope that they will introduce CFD and Spreadbetting soon.

Take care! :cool:

pirelli

BrazilianNutter wrote: »

Hi guys,

I trade mainly Forex. I'm trading with a broker called Tamley Global Markets (www.tamley.com). They are based in UK and regulated by the Financial Regulator UK.
The only thing is that they offer only Foreign Exchange, but as this is the financial instrument that I mainly trade, it's ok for me.:)

They trading platform and charting package is second to none, one of the best I've ever seen.
I've heard that they will open a Dublin office soon, so that will be great for training, etc...

I hope that they will introduce CFD and Spreadbetting soon.

Take care! :cool:

"This guy likes his Tamley."

Take a look at Barclays forex and then compare the two. If you want to help a small start up company like Tamley go ahead, if you would rather save all the hassle check out barclay's.

I use a wall street broker for equities. They were on of the first established brokers in online brokerage. They are second to none, I received 100 free trades which is nothing to laugh at. I earn interest on my cash account money and i i can invest from what is called a margin account.

This account allows me to balance my equities against the brokers money which in effect gives me twice the investing power. If i have to invest 100% of my money i can invest an equal amount into even more shares using the brokerages margin. In effect i am loaned the money ( automatic ) which charges 7% interest annually. So if i want 10,000 shares of some company which will be going up 10% i can borrow that money to purchase as many shares as possible and sell them after a few days . The interest I pay the broker is a about one dollar.

You cannot get better than that, the commission is very low and you pay no interest and no tax and it's even legal. Well it shouldn't be but it is.

You can trade to your hearts content but there is a day traders rule. If anyone knows about this they will understand it limitations.

Black Swan

Kinetic^ wrote: »

Just wondering what brokers people are using?

After reading A Random Walk Down Wall Street, I make my own decisions and trade online.

Read an amusing story about how monkeys trained to throw darts at a copy of the Wall Street Journal made stock picks that performed as well as 90% of the brokers in the following year.

BrazilianNutter

Well Pirelli, what dont' know what you meant by that, but I will not take it personally.

I'm not here to promote any broker, and don't have any kind of affiliation of anyone. I trade Forex Full-Time and having doing this for about 8 year (4 years full-time). I've tried many broker and platforms in the past.

For Tamley what stands for me is the trading platform and the spreads for Forex, which you can get better than 1 pip. That's enough for me.

For equities I was using a broker in US called SmartEquity. They are very good and one of the best customer services I've ever seen.

Take care and good trading everyone.

Adrock-aka

I queried setting up a trading account with E-trade from Ireland and I was informed I couldn't. Not sure if I got accurate information seeing as a fair few people on this forum use one presumably from the republic.

I contacted Td Waterhouse and they got back to me in a timely manner. I can set up a full trading account online from Ireland and their charges seem very reasonable. I'd look into them.

EoghanBuckley

hi guys,

I have just turned 18 and i want to set up an account online, but i want to find somewhere that i can only put a few hundred euros into... i have been trading virtually for the past 2 years and now i want to open up a proper account.... can you help?

BrazilianNutter

EoghanBuckley wrote: »

hi guys,

I have just turned 18 and i want to set up an account online, but i want to find somewhere that i can only put a few hundred euros into... i have been trading virtually for the past 2 years and now i want to open up a proper account.... can you help?

Hi Eoghan,
I think Tamley Global Markets have accounts starting from 500 euros.
Check it out, though.

Mise le meas.

EoghanBuckley

Is 500 euros the lowest minimum balance out there?

BrazilianNutter

EoghanBuckley wrote: »

Is 500 euros the lowest minimum balance out there?

Once you have made the innitial deposit, it doesn't matter the balance, it can go to 100 bucks if you wish.
However check with them, drop them a line.

Cheers.:)

EoghanBuckley

cheers brazillian Nutter!! Will do....

domel31

FxPRo - Very nice broker. Low spreads (cable and GBP/JPY) and 1:500 leverage.
You need minimum 500$.

https://www.fxpro.com/forex

elrap

I have been in touch with TD Waterhouse. They have been helpful & comprehensive with their replies. Unfortunately, they tell me I can't trade options with them.
Does anyone have experience of trading options on the NYSE & Nasdaq with an online discount broker from Ireland?

another name

am i the only one who uses a Zecco account?

i find them quite good

Maurice Hayes

I use Etrade but I don't think they're allowing new accounts for people based outside the states, Options express are pretty good. Has anyone heard anything about The Market Guys coming to Ireland for a live trading Seminar this Oct, any insight much appreciated I hear their the best.

elrap

Since my last post I have done a little more research. I have decided to open an a/c with optionsXpress. They seem to be well regarded & have the sort of trading platform which looks promising. What I like most is that they don't require a minimum deposit to open an a/c. I had been looking at Interactive Brokers who also looked promising - but they look for $10k for openers.
So far, opening the a/c with optionsXpress has been straightforward, but I'll report back when I'm up and running.

Sonderval

I also use Firstrade, have been doing so for some years. Find them very good.

pokerface11

A few months back i set up a goodbody account with AIB. dont trade very much. ARe goodbody very expensive compared to to other brokers. I presume if I buy and hold for a long time in just a few stocks it should offset against other cheaper brokers.

elrap

hi pokerface11,
I have been buying & selling shares for a number of years & I have generally used Goodbody through AIB on-line banking. The service is not cheap but it's pretty simple to use. If you don't buy/sell shares very often then the broker charge isn't going to matter a whole lot. But, obviously the cheaper the trade the less your share will have to appreciate for you to cover your costs.

TDWaterhouse have set up shop in the UK & Ireland in the last few months. They have been advertising quite a bit. I reckon they are worth a look for comparison. They are part of a major global group, so should be dependable. They also claim to be very competitive on price.

For what it's worth!

Bytheway

Can anybody vouch for tdwaterhouse. Theyhave just opened their doors in Ireland also. Has anybody any info on them?