Platform for low level CFD day trading
Discussion
Hi, any recommendations for private CFD day trading? I'll probably start with a pot of £5k and go up to £500 margin each on 3-5 positions at a time, shares and FX.
I have looked at IG and i like the platform in demo but i understand they charge a minimum of £15 on each CFD position which doesn't suit someone going in at such low investment level if im potentially looking to buy and sell multiple times per day, i think it's different for FX tho.
Etoro looked ok with a percentage charge on CFD's with no apparent minimum but the interface i find a bit more clunky.
Im looking at Plus500 and Trading 212 today.
Im not looking to make loads obviously but just earn a little pocket money while I'm out of a job, maybe £1-200 per day average.
Should i be looking at spread betting instead? It looks similar but doesn't attract tax...
Cheers
I also have a S&S ISA with Nutmeg for a longer term investment which i started in March and that's currently running along nicely at 18%
I have looked at IG and i like the platform in demo but i understand they charge a minimum of £15 on each CFD position which doesn't suit someone going in at such low investment level if im potentially looking to buy and sell multiple times per day, i think it's different for FX tho.
Etoro looked ok with a percentage charge on CFD's with no apparent minimum but the interface i find a bit more clunky.
Im looking at Plus500 and Trading 212 today.
Im not looking to make loads obviously but just earn a little pocket money while I'm out of a job, maybe £1-200 per day average.
Should i be looking at spread betting instead? It looks similar but doesn't attract tax...
Cheers
I also have a S&S ISA with Nutmeg for a longer term investment which i started in March and that's currently running along nicely at 18%
Edited by skinny on Wednesday 10th June 19:01
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