RE: Trading Accounts23 Apr 2023 18:04
.........................................................
If your paying commission to trade your probably on a best price execution, while L2 you have to find the best price..
But its direct access, says no brokers, straight to market, no broker commission, but do we actually go through brokers ??? doubt it..not sure now as we pay commission, confusing..
how many times have you watched live trades going through but cant buy the low, end up paying £100s extra ?
Thats a wack of profit missed out on...
I wonder if those guys buying have direct access, but dont know..?
I have asked my broker why I could'nt buy, after it happening too often..standards answers.. ;(
What I am thinking, lse want £33/m, almost £400 yearly just for the data..
IG want you to open an account with a balance, and I read it might be £7/m data feed from exchange, but IG just state there maybe data costs
I guess you dont have to trade much...
But read IG charge if you dont trade and have money in your account, after maybe 2 years inactivity, ..
I am about to watch, after watching a few L2 videos..
IG, L2 DMA, seems a bit of trickery, its a CFD account between you and IG..
They execute the trade on your behalf, so a trade between IG and the market, but you get a CFD, no share rights, so I guess no dividend ??
I bet they can sell that trade, while you keep your CFD position open, especially if they think you picked a wronger, then you pay up the full drop, which they ended early in the market..
If IG go under I guess you have nothing as you had a CFD, not the shares...