which trading platform to chose from?

Discussion in 'Markets & Economies' started by Domenico, May 16, 2020.

  1. Domenico

    Domenico New Member

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    I'm looking for suggestions about a good platform to trade with.

    I'm a beginner and looking for something that offers education as well.

    I decided to sign up for ig.com, but they told me ''I don't meet their criteria". So, I'm looking for personal references from people actually trading.

    At the moment I'm using a demo account. But I wanna have my live account set up so that, if I feel confident, I can trade with real money.

    Currently staying in Australia

    Thank you
     
  2. Jason1

    Jason1 Well-Known Member

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    would suggest
    commsec app is good for most people, or if a real beginner playing with smaller amounts and just want to get into the stock market then Raiz would likely be a good place to start, and start with pocket change.

    Other platforms like Ig.com
    is plus500 I used a few years back, Its ok but not great But like ig, you need to know what your doing and have abit more money.
    you will get a questionnaire to see if they think you know enough about trading, But I dont think they reject you if you fail, they just say you likely shouldn't be trading. they do futures, day trading, you need to know what your doing or you will lose your arse on a platform like that.

    Commsec likely be best option.
    Raiz if you just want to invest small amounts and are a beginner
     
    Last edited: May 16, 2020
  3. Silverbandit007

    Silverbandit007 Well-Known Member Silver Stacker

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    I use the Westpac Online Invest app, most major banks have investment accounts and are extremely easy to use.
     
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  4. barneyrubble

    barneyrubble Well-Known Member Silver Stacker

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    Money is really easy to make disappear in the market so whatever you do, don’t start following tips from the internet or uncle Joe.

    Start reading. Listen to podcasts - there are some excellent ones for starting out investors.

    CommSec has the largest user base in Australia for good reason. It works and is easy to use.
     
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  5. Domenico

    Domenico New Member

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    Thanks to Jason1 and Silverbandit as well.

    You're perfectly right and I agree with you.
    I'm getting knowledge ''entering the market world'' through gold and silver.
    After listening to podcasts, experts and investors for long time I decided to invest in Silver and the idea is trading on silver/gold where a know something.
    Of course I don't trade with real money If I don't feel comfortable.

    Thanks for your honesty and your opening eyes ;)
     
    barneyrubble likes this.
  6. ozcopper

    ozcopper Administrator Staff Member

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    I'm with Commsec too. I use it for both local and overseas shares.
     
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  7. Markco2

    Markco2 Active Member Silver Stacker

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    Hi ozcopper,

    I have a Commsec account and only recently had been thinking of starting to buy and sell international shares for my Super account. Given the volume and the wild gyrations on the Dow and the Nasdaq, I think it is the perfect time to swing trade.
    Have read their blurb, but it doesn't really give you much.
    That was why I was a bit hesitant using them for international shares.
    As they are already linked to my SMSF account, it would be easier for me to set it up.

    Need to ask you a couple of things first.
    Hope you don't mind.
    What is their trading platform like with international shares?
    Do they offer live streaming as with iress or similar?
    What is the turn around time for buying and then selling?
    I don't plan on holding overnight.

    Would appreciate your thoughts.

    Cheers Markco2
     
  8. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Commsec.
     

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