[Day trading- 3 months later, my experience]

On 07/08/2020 at 10:02, dmedin said:

Swing trade shares FTW.

a platform should not dictate what strategy to use for gaining maximum profits. In the end it depends on the setup of the trade you are doing which one to go for.

[Features you want added to IG]

There is a misleading metric and this is a not a feature but a mandatory requirement for IG.

When I buy shares on US stocks it shows profit/loss values in $ amount. The converted £ amount being shown in the platform is completely misleading as it does not reflect the actual conversion at that moment (plus youy fees)

Profit/loss amount in £ must shown me exactly the amount I will get if the execute the trade at that moment. For example my profit show as £100 in portal but after I execute I get  £-10.

 

 

[Day trading- 3 months later, my experience]

For day trading you need a broker who does not eat your profits in the name of conversion and commission. IG is the worst.

with falling USD there is no point in dealing with shares for IG. Example 

1) Bought SPOT 50 shares at $253

1) 2 hours later sold SPOT at $256.

Return -£25 (yes negative)

They say they don't charge commissions but their conversion rates are so different for buy and sell that you are just donating them your research, hardwork and profit.

Did the same experiment with DEGIRO ended up with £100+.

[Features you want added to IG]

with falling USD there is no point in dealing with shares for IG. Example 

1) Bought SPOT 50 shares at $253

1) 2 hours later sold SPOT at $256.

Return -£25 (yes negative)

They say they don't charge commissions but their conversion rates are so different for buy and sell that you are just donating them your research, hardwork and profit.

Did the same experiment with DEGIRO ended up with £100+.

 

[Glitches]

Can you please suggest any other platform which charges less for US stocks. Even if IG states zero commission I lose almost £50 for one complete trade which is ridiculous and it gets worse if GBP keeps climbing. Almost eats my profits completely. 

Thanks.