RE: Stage Analysis Beginners Questions
Hi IsaTrader, hope you are doing well
I did message something similar a few weeks back but I'm not sure you seen it, so will drop another message here. I know we have touched on this previously but wanted to get a current opinion from yourself on who the best brokers are to use in the UK if you are trading US stocks. I am looking to come away from H&L (Hargreaves Lansdown) as they don't allow me to place stop losses on trades against US stocks. Their FX charge on each trade is a bit high too, but I'd imagine I aint gonna get away from this.
I am currently looking at, and in talks with, Saxo about moving over my accounts (ISA and non-ISA) as these have said I can place stop loses on trades for US stocks and that I can also have a Sub account in an ISA that is denominated in US Dollars which will eliminate the FX charge on each trade (though I am assuming there is some FX applied on the money going in and out of the sub account based on the exchange rates at the time).
I was considering Trading 2-1-2 but heard some horrendous stories about the prices people get when placing a trade...a big no-no when considering trades each and every % placement counts if I want to determine my risk on a trade.
Do you have any notes against UK based brokers you used after previously researching who the best to use for mainly US based stocks?
Thanks
Tryst