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Community


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Online Share Trading

Engage and learn about markets and trading online

spread trading on the FTSE and Wall Street

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Not applicable
Can anyone recommend a platform for trading these markets, where commissions aren't charged? I am aware of IdealCFD's, but they charge commissions on the trades
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8 REPLIES 8
SimonPB
Valued Contributor
everybody charges you comm. They ahve to otherwise it is charity. point is where do they put(hide) the comm.
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SKALA
Super Contributor
skaaptjop, kyk na www.gt247.com. Jy kan spreads en CFD trade op 2 verskillende platforms.
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Not applicable
Hi Simon, IdealCFD's doesn't charge comms on the JSE (I guess they hide it in the 30 point bid/ask spread). The issue is that trading with a rand based account, means that you have to pay a cash handling fee each time, which is absorbed into the comms - this is what I am trying to avoid
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SimonPB
Valued Contributor
they hide it and that's preferred ?
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DST
Super Contributor
Dis nes daai bliksems wat wegsmyt varktjops as vlakvarktjops aan die kaap se toeriste teen 'n premie smous! Wonnerlik.
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Not applicable
Skaapjop.....their trading cost is actually about ZAR 600 per transaction....30 x 10 in and 30x10 out....this is if u buy the equivalent of say one also contract...crazy crazy....these platforms are for fools only...the kind of people that go to the tote...
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Not applicable
Definitely not preffered, that is why I am looking for a platform. Chartist, I completely agree with you on the points spread. By my calculation, the TOPI's average transaction range is about 800 points. Assume you can make 50% of that on average, that is 400 points. The spread is therefore about 7,5%. This doubles if you are setting say a 60point stoploss. So 15% of potential earnings are tied up in the spread, not a great sum at all!
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CrownA
Super Contributor
Have a look at IGIndex.co.uk or igindex.com - good technical tools!!
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