• Australian (ASX) Stock Market Forum

Hello and welcome to Aussie Stock Forums!

To gain full access you must register. Registration is free and takes only a few seconds to complete.

Already a member? Log in here.

Finding a broker

Discussion in 'Beginner's Lounge' started by TradeLikeTheWind, Jun 5, 2019.

  1. TradeLikeTheWind

    TradeLikeTheWind

    Posts:
    8
    Likes Received:
    1
    Joined:
    Jun 5, 2019
    Im interested in trading stock CFDs, are there any reputable brokers? I hear a lot about sketchy thing with CFDs but dont have the money to put up for a stock broking account.
     
  2. captain black

    captain black

    Posts:
    1,189
    Likes Received:
    377
    Joined:
    Oct 24, 2005
    FP Markets have been around a long time and have a good reputation.

    There's some more info on them in Joe's post at the link below:

    June 2019 Stock Competition Entries!
     
    TradeLikeTheWind and cynic like this.
  3. Zaxon

    Zaxon The voice of reason

    Posts:
    465
    Likes Received:
    323
    Joined:
    Aug 5, 2011
    You're welcome to use CFDs, but I'll share with you the statistics about their success rate:

    upload_2019-6-5_20-49-0.png
     
    aus_trader and StockyGuy like this.
  4. Joules MM1

    Joules MM1 ....everything has an art

    Posts:
    2,855
    Likes Received:
    446
    Joined:
    Jun 10, 2007
    if you don't know what youre doing, have no effective technique, the instrument traded becomes irrelevant .....a different instrument with the same leveraged or margined boundaries carries the same risk and likely the same results as this narrowly chosen list (based on data available to asic)

    https://www.financemagnates.com/for...s-making-deceptive-claims-about-afs-licenses/

    trading can be hard but a lot harder when youre stupid

     
  5. cutz

    cutz

    Posts:
    1,761
    Likes Received:
    28
    Joined:
    Aug 10, 2008
    Interactive Brokers offer ASX CFD's
     
  6. aus_trader

    aus_trader

    Posts:
    636
    Likes Received:
    328
    Joined:
    May 30, 2017
    cutz, according to question I think TradeLikeTheWind is trying to fund a very small trading account since he doesn't want to fund a stock broking account even. So US10,000 for an Interactive Broker account may be bit out of reach for him at this point.

    IG markets offer small CFD accounts and their reputation is not bad as they have been around on the Aussie shores for decades.
     
  7. TradeLikeTheWind

    TradeLikeTheWind

    Posts:
    8
    Likes Received:
    1
    Joined:
    Jun 5, 2019
    thats it. I have traded forex for a long time, with little success. I want to put up as little capital as possible. At the moment I consider myself to be in a learning phase.
     
  8. aus_trader

    aus_trader

    Posts:
    636
    Likes Received:
    328
    Joined:
    May 30, 2017
Loading...

Share This Page