Interactive Brokers

http://bit.ly/InteractiveBrokers

@Diamond_Dave Hey Dave are you still using Halifax Bnaks share dealing? Im ready to start trading and this might be the best option for me at the moment especially since it doesn't fall under the pattern day trading rule.... How are the executions etc?

Hi , i still use them. They have good executions yes. Many times ive gotten a better price than what ive asked for when using limit orders. No short selling or afterhours/pre-market trading though so its a good idea to be all cash at the end of the day and not be holding stock overnight incase a negative news catalyst comes out afterhours or pre-market! Another thing is you cant access OTC markets for pump and dumps and NYSE listed stocks have a 15 minute price quoting delay [well it does in t

CONT`D ........... [ well it does for the first hour of trading not sure if it becomes realtime after then] so theres some pros and cons im afraid! Im sure i recall one of the mods saying the PDT rule doesnt apply to UK citizens with interactive brokers but its worth checking out.

Another thing is the 1.25% foreign exchange fee when trading us stocks. its roughly £25 every £2k traded i.e £50 on top of the £25 broker fee so you might wanna take that into account mate. All in all i`d say interactive brokers is best for UK people for trading us stocks but they have min $10k opening requirement so if u aint got that just now you could use Halifax as a stepping stone for now to build your £ up then use it to open IB account which has access to everything! Hope this helps

well time to set up my broker now ;)