Day traders online stockbroker

[bajax]

Hi please advise on recommended day trading online stockbroker? Tks

[SaurusDNA]

Hi please advise on recommended day trading online stockbroker? Tks

 

Well, I'm quite happy with Standard Bank Online Share Trading. They're a little bit heavy on fees, but they have all the tools, resources and frills any trader could wish for.

[Spreadsheet Ranger]

I would also suggest you look at GT247 and Sanlam Itrader

[Outlook]

Where is AlgoTrading, I think he uses MetaTrader form GT247 now.

[Stanton-AlgoTrading]

Hi There Guys

 

I would definitely go with GT247.

Low fees , low spread, small minimum deposit and added benefit of metatrader 5

[MrBean]

Just be aware there are some issues using GT247 MT5 - mainly because MT5 was designed for FX/ futures - which get traded more or less 24/5 with pretty low spreads.

1) You cannot place OR modify OR cancel orders when the market is closed - can be a huge issue when you have a buy order about to be hit and some nasty news comes out after hours...

2)The do not action stops on last traded price (like every other broker!!) - but on the buy or sell price. This can make a huge difference (especial on thinly trade counters) and actually makes a mockery of thier charts which operate on last trade price.

 

But they are the cheapest and with no minimums, you can start trading CFDs with a tiny account. But, for me anyway, have had to chuck auto stops out the window unfortunatly - and rather go manual. They also seem to have a better range of JSE counters to trade.

 

They are aware they have issues - and they do say they are trying to resolve them - so will see.

[Stanton-AlgoTrading]

Definitely agree with your points.

 

I only trade FX and Futures so for me it works well.

 

I also try not to leave trades open over night due to the stop issue when the market is closed, but sometimes it has work out for me as trades have closed double what the take profit is.

But when it comes to stops it could be costly.

[The Local Tourist]

Not a day-trading question but can someone give me an idea of where to buy US Stocks?

 

I have one I am busy looking at but it is not available on the EE platform.

[LentilSoup]

Not a day-trading question but can someone give me an idea of where to buy US Stocks?

 

I have one I am busy looking at but it is not available on the EE platform.

 

If you want to buy US stocks for investing then double check the EE platform, EasyEquities added us stocks a little while ago.

[The Local Tourist]

 

If you want to buy US stocks for investing then double check the EE platform, EasyEquities added us stocks a little while ago.

 

The single stock I am looking for is not available on EE, they only have selected stocks listed.

[Bandit]

For international:

https://www.absastockbrokers.co.za/ - ABSA World Trader

https://webtrader.standardbank.com/ost/ - Standard Bank Web Trader

https://www.fnb.co.za/share-investing/globalTrader.html - FNB Global Trader

[LentilSoup]

 

The single stock I am looking for is not available on EE, they only have selected stocks listed.

 

Ahhh, I didn't realize they have a limited offering.

 

There is also Sanlam's iTrader