Good morning/afternoon/evening all,
Hope you are well!
I am looking to start day trading with a scalping method and I have been going round in circles trying to decide which account would work best for me. Id like to trade mainly in US stocks however I dont want the risk of losing more money that I put in with CFD's and spreadbetting. Therefore I have been looking at opening a share dealing account, would this be suitable for the type of trading strategy im looking at?
I have the following questions:
1-Can I use the web based desktop IG platform for share dealing / scalping?
2- Can I use live data?
3- With the Sharedealing commissions, after 1 month US stocks become commission free to trade, does this get applied to the account automatically?
4- Is there a minimum deposit for opening a share dealing account? (I see theres a minumum of GBP 1,000 to be able to use L2 but I wouldnt be starting with this amount to begin with).
5- Just to confirm, the PDT rule doesnt apply with IG and I would be able to immediately reinvest funds after the sale of shares
Thanks for your help!