Best On-line share trading

Turbury

Anybody got any recommendations as to a good on-line share trading provider. By good I mean reliably real time prices and reasonable fees.
Using sharewatch at present but the prices are not reliable enough for todays highly volatile markets. thanks

strmin

As broker I recommend http://www.interactivebrokers.com/. Very cheap. Never failed me so far. For prices I use google, it is free!

Turbury

strmin wrote: »

As broker I recommend http://www.interactivebrokers.com/. Very cheap. Never failed me so far. For prices I use google, it is free!

I'd imagine the google prices are delayed 15-20 mins - correct?

strmin

I noticed what most american shares delayed less than 1 min. I don't trade irish or uk markets.

Berti Vogts

You can get real time UK prices on www.advfn.com although you have to pay a subscription to ensure a permanent connection.

nulabert

I've signed up to Sharewatch online (€60 quid) and decided to buy shares. But i reminds me of going into the train station in ennis to get a train ticket to dublin a and then been told after you but the train ticket to take the BUS. I've only completed 1 transaction with them and that was on the phone- online how do! The site wouldn't do the transaction! So then i figured, sure its a hicup. Then i go into the site for a portfolio valuation and the bid price is 0.66cents for the shares i bought but the last close price is 0.73.
So, is that it?

Anyways, i know the post is about a good site, but for anyone thinking of sharewatch from my brief experience - stay away!!!! If it improves, i'll let ye know!

silverharp

might be worth a look for charting software

http://www.bestfreecharts.com/

Kristopherus

nulabert wrote: »

I've signed up to Sharewatch online (€60 quid) and decided to buy shares. But i reminds me of going into the train station in ennis to get a train ticket to dublin a and then been told after you but the train ticket to take the BUS. I've only completed 1 transaction with them and that was on the phone- online how do! The site wouldn't do the transaction! So then i figured, sure its a hicup. Then i go into the site for a portfolio valuation and the bid price is 0.66cents for the shares i bought but the last close price is 0.73.
So, is that it?

Anyways, i know the post is about a good site, but for anyone thinking of sharewatch from my brief experience - stay away!!!! If it improves, i'll let ye know!

+1 They are a bloody disaster. Site wont let you purchase, eve Irish or UK shares. Had to go on the phone to them for any trades I did with them over the past 9 months. Insisted and got the web rate i.e. 19.95. Would advise any newbie to steer well clear.

heno55

Kristopherus wrote: »

+1 They are a bloody disaster. Site wont let you purchase, eve Irish or UK shares. Had to go on the phone to them for any trades I did with them over the past 9 months. Insisted and got the web rate i.e. 19.95. Would advise any newbie to steer well clear.

compleatly agree when i try to sell online i get an error message stating that the market maker wont execute in that currency (euro) so you have to trade over the phone at 33% extra commission,never thought of insisting on web rate,will in future at least until i find a more efficient company for online trades

Qwertysurf

Turbury wrote: »

Anybody got any recommendations as to a good on-line share trading provider. By good I mean reliably real time prices and reasonable fees.
Using sharewatch at present but the prices are not reliable enough for todays highly volatile markets. thanks

Hey, I am with Goodbody. The big problem is I am trading AIB and the 20 minutes delay is a complete disaster, add more uncertainty to already extremely volatile shares. I have looked at DAVY website which claims real-time quotes for ISEQ. I know they charge annual maintenance of €80, but i feel that would be made back by real-time quotes. For example with Goodbody, AIB prices were €1 the other day. I purchased and it was transacted at €1.12. Five minutes later price was €1.05. Its a killer, whereas I saw somewhere with DAVY you are offered the real-time price and have 15 seconds to accept. That seems a vast improvement. Anyone here with DAVY who could confirm this or have anything to add to my comments. Thanks

strmin

Don't bother with Davy. 20 min delay as well. Last time i placed limit order, it took 30 minutes to appear. High commission too.

Turbury

Possibilities wrote: »

You can get real time UK prices on www.advfn.com although you have to pay a subscription to ensure a permanent connection.

Yes - I've been using the free version of this - the subscription would be well worth it if the prices were real time live, I also have a spread betting account with city index - prices from their platform are quite close to the actual share price and move almost in tandem.

It seems nobody yet can recommend a good on-line site that provides accurate data at a reasonable cost.

robertino

Hi ,

like many on here , i am new to buying shares , looked for some advice on which broker to go with etc by signing up with irish share tips .com ,

cost me 30 euro they claimed they would provide with me info on how to get started etc,

recieved nothing , after 5 emails complaining they sent me a tip for shares that ave crashed , would nt surprise me if they did this on purpose,

very dissappointed, anybody know if moneyweekly is any good?

STAY CLEAR OF THESE COWBOYS ,ONE PAGE WEBSITE, I SHOULD OF KNOWN BETTER

samson09

Turbury wrote: »

Yes - I've been using the free version of this - the subscription would be well worth it if the prices were real time live, I also have a spread betting account with city index - prices from their platform are quite close to the actual share price and move almost in tandem.

It seems nobody yet can recommend a good on-line site that provides accurate data at a reasonable cost.

From talking to a few people it seems that if you want real time quotes of share prices you're gonna have to pay a lot of money. As in about 2K a month.

shareprice.co.uk claims to have live streaming prices but I think even these may be delayed by 15 mins.

democrates

ISE gave exclusive rights on the ISE feed to the Deutsche Bourse, we have to pay the Germans per seat to get level 1/2 feeds so these cannot be made available to the great unwashed online.

Fact is the ordinary Joe is stuck with consumer-class products designed to keep you out of the live game, while the high rollers can use contracts for difference to avoid tax and get priority from brokers (a big winner can then mean lots of small losers).

On top of that the high rollers have a magical sixth sense - EG the pre-budget bank share trades, these rises were reported as being due to 'anticipation' of an announcement, magic how they can sense what political and corporate insiders are going to do, respect.

InReality

If you want quick in and out of the markets , you could try spreadbetting firms.

It very easy to loose money though, as it has some similarities to gambling, so be careful.

daveirl

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democrates

daveirl wrote: »

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My bad?

Irish Times on Apr 7th:

A NEW State agency which will buy up billions of euro worth of properties and development land loans from banks at sharply reduced prices is to be announced in today’s supplementary budget.
...
Bank shares climbed yesterday in anticipation of a Government announcement to remove problem loans from the banks.

Clearly the journalist had received accurate information prior to the official budget announcement.

I'd say to believe that absolutely no one operating in the market was privy to such information in advance of publication requires one to be fairly niaive.

Generalising beyond this specific anecdote, in light of the startling extent of corruption uncovered in this country in recent years I would say the balance of probability is that sometimes some people benefit from insider information. It's no wonder the ISE never became as hot a destination for global capital as one might have expected during the celtic tiger years.

pirelli

As many are aware most USA brokers are regulated and required to prohibit
pattern trading or day traders from trading more than 4 trades in a 5 day rolling period unless there is a 25,000 dollar deposit.

Is there any way around this, Is there any international stock brokers that allow you to trade stock on the US market without this draconian measure.

daveirl

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democrates

daveirl wrote: »

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Or would I have been well set for a classic pump and dump...

Getting back to the OP's question I've still an interest in the stock market, even though I think the deck is stacked against the would be small punt day trader there are still oppertunities for long term investment.

The last survey on brokers fees from IFSRA I found from a quick google was 2006 and given the impact fees have in the long term I'm surprised there isn't a monthly report available, like so much in investing it's back to doing your own research.

Anyone looking at investing should have a spreadsheet with projections anyway so as well as cgt etc. just populate with the charges you see on candidate brokers websites.

daveirl

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democrates

daveirl wrote: »

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Yes in fairness I'm personally hypersensitive to the slightest possibility of subterfuge, and some kind of announcement was expected (based on public information) so the main element at play was a view that the bank situation would be resolved, just that some may have had more detail than others giving them an advantage.

daveirl wrote: »

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Agreed and even Eddie Hobbs commended them before he ignored his own advice and went for that very specific property development punt, international research had already compared ETF's with brokers, that was the key message Google millionaires learned before the 'star traders' were allowed in to present.

Back to the OP again, your minimal spreadsheet might look like
colA : year
colB : cash in bank
colC : invest in ETF/stock x

Run the comparisons, if interest rates average 'x' over the next 'y' years and this stock goes to 'z' price and accounting for DIRT, CGT, and broker charges would I be better leaving my money in Northern Rock et al v the stock market.

If you've "been thinking about this for a while" you should have your numbers down, otherwise it's an impulse gamble, not an investment. If you're so sure then what's one more day? Spend it getting the numbers down, the actual charges of the brokers you're considering, one column each.

Qwertysurf

InReality wrote: »

If you want quick in and out of the markets , you could try spreadbetting firms.

It very easy to loose money though, as it has some similarities to gambling, so be careful.

Presume it is easy enough to close off an account with the spreadbetting companies such as paddypower, worldspreads? (once i,ve made my millions that is)

InReality

well i don't know about millions

You can transfer money in by bank transfer or credit card and get it out the same way.

If you are trading millions , fair play !

Turbury

democrates wrote: »

Or would I have been well set for a classic pump and dump...

Getting back to the OP's question I've still an interest in the stock market, even though I think the deck is stacked against the would be small punt day trader there are still oppertunities for long term investment.

The last survey on brokers fees from IFSRA I found from a quick google was 2006 and given the impact fees have in the long term I'm surprised there isn't a monthly report available, like so much in investing it's back to doing your own research.

Anyone looking at investing should have a spreadsheet with projections anyway so as well as cgt etc. just populate with the charges you see on candidate brokers websites.

I would agree on both counts - day trading is tricky now - hence the need for reliable real time prices, I got nailed for a few K on an ETF a few weeks ago, if I had the info 15 mins earlier (before the markets closed), this would not have happened.

As regards long term share investments - this is the oppertunity of a lifetime.

I should not have mentioned fees in my OP - accurate data and a reliable online platform easily compensates for incurred fees.

handyscore

I use the Davy website to buy and sell shares. When you are buying shares there are 2 options. One is "Limit Order" and the other is "request quote" which will generate a live price with 10 seconds to confirm a purchase or sale. I find I am in and out of the "request quote" option all day whether I am buyinng or selling or just to check what the actual live price is. It is a bit slow getting it but it is a live price which is very useful. I have found when things get busy it is hard to get one ie when the share price is falling or rising rapidly, you will have to phone for a quote/ On the index of share prices there is a 20 minute delay.

For further useful share price info I google Yahoo share prices. This has a line chart thingamajig of the value of shares during the day on the right hand side. This page usually refreshes on its own so I have the updated share price on the bottom of my screen while I am doing other things. It is 15 minutes delayed but is still useful especially the line chart that allows you see exactly what the shares have been doing during the day( highs and lows etc) combined with the live price I can generate on the Davy website on request they are some pretty useful tools.

http://uk.finance.yahoo.com/q?s=BKIR.L

Qwertysurf

Although, I do not have an account (yet!) i was considering opening a spread betting account as It seeems and I guess it would have to be live prices. Anyone else considered this as a way of getting round live proces issue on the ISEQ

fred432

Anyone try optionsexpress? I am exploring possibilities. Anyone know how secure your shares are in the event of the share trading company going bust. Or if you have sold some of your shares and there is cash in the account, how safe is this? Are there any unforseen issues with trading with US brokers?

Cynical Dragon

Qwertysurf wrote: »

Although, I do not have an account (yet!) i was considering opening a spread betting account as It seeems and I guess it would have to be live prices. Anyone else considered this as a way of getting round live proces issue on the ISEQ

What kinds of Irish shares are you trading? If you mean the banks..Why not just get a UK platform ...I trade the likes of AIB or BOI on the london mkt..If ur daytrading this stuff( i presume ur not buying the shares and paying stamp on the ISEQ..u might aswell be working for them)..U need level 2...u cant reply on a delayed quote..as they say u might as well be driving in the dark with ur headlights off...Be mindful of any hidden charges in spreads quoted to u..Whats the real price at the time..and what is the broker adding on..he might quote u 118-119 for vod..When the live price at the time is 118.4-118.6..doesnt take a genius to work out ur being fleeced...Get urself direct market access with a good platform that has a reliable newswire..I have used many crowds in the past and know what im talking about..I use renaissance financial markets now rfm.ie...

daveirl

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