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Mayk,With MT, if you buy a stock that they have listed as margined, ie <100%, then you must buy it as a CFD. So you will not pay brokerage on the top 500 stocks but will pay interest on the open position. This is how THEY make money.On the stocks outside the top 500 you pay brokerage and interest.On the stocks with 100% margin, you pay brokerage but no interest.Be very careful about some providers such as Prudential. They will charge you interest on 100% margined stocks. This is day light robbery.If you're interested in getting your brokerage costs down then look at Interactive Brokers, $6 or 0.08%, and the Live Data is optional. There's a good thread on this forum about them, search for postings by Steve_IB.If you truly are an investor, not a trader, live data is not required. End Of Day data is good enough and available everywhere. But remember you get what you pay for.
Mayk,
With MT, if you buy a stock that they have listed as margined, ie <100%, then you must buy it as a CFD. So you will not pay brokerage on the top 500 stocks but will pay interest on the open position. This is how THEY make money.
On the stocks outside the top 500 you pay brokerage and interest.
On the stocks with 100% margin, you pay brokerage but no interest.
Be very careful about some providers such as Prudential. They will charge you interest on 100% margined stocks. This is day light robbery.
If you're interested in getting your brokerage costs down then look at Interactive Brokers, $6 or 0.08%, and the Live Data is optional. There's a good thread on this forum about them, search for postings by Steve_IB.
If you truly are an investor, not a trader, live data is not required. End Of Day data is good enough and available everywhere. But remember you get what you pay for.
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