Your Questions About Forex Online Trading Platform
Richard asks…
Discount Online Trading Platform for stocks or forex?
Hello all, I have some cash to invest.For stocks, do any of you know an online trading platform that I can deposit with a credit card? (I have the cash but want to use the credit card to get points) I know some Forex Trading lets me do this.
Also what is your favorite online brokerage to use? I currently have Scottrade but am dissatisfied with the length it takes a transaction “close” After I buy and sell a stock , I have to wait almost 48 hours for the transaction to “clear before I can use that cash again
thanks
admin answers:
FINRA registered brokerage firms are not allowed to accept credit cards for deposits. It’s part of the anti-money laundering regulations.
Your issues with Scottrade aren’t specific to them. That’s how cash transactions settle per the SEC. To avoid this delay, establish a margin account and you can use the proceed of the sale right away.
As far as trading stocks and Forex in the same account, Zecco is the only brokerage I know of that allows you to trade both.
David asks…
What is the difference between a forex broker & a forex trading platform?
Are there websites that do both? Is there a need to use a broker when the online trading platform does it for you?
Thanks.
admin answers:
You need both to trade forex online. Check it out here. It will lead you to a leading forex broker that offers either web based trading platform or metatrader4 as you wish. Meantime, you can download a free forex ebook and a free demo account to practice with. All the best.
William asks…
Best forex trading platform?
Today there are lot of online forex trading platforms. Will you tell me which online is best online forex trading platform ?
admin answers:
Metatrader 4 is great and it’s 100% free. The only one that’s even better is Esignal, but it costs at least $150 a month, so if you want my opinion go with MT4.
Ruth asks…
What is the best online stock trading platform for beginners?
I am just now looking to invest some money in some penny stocks and such. Nothing serious, just a couple hundred bucks or so….just to learn how it works and get started. Which platform should I use with regard to making LOW DOLLAR AMOUNT TRADES… Scottrade, etrade, ING, forex, etc….
When I say low dollar amount, I mean around $200.00 per transaction…that seems like a good dollar amount I can learn the ropes with.
admin answers:
I think this site, sogotrade is pretty decent, $3 per trade, and gets 100 free trades.
Http://www.sogotrade.com/Default.aspx
good luck my fd.
Sharon asks…
Best Forex Trading Online?
Which is the best trading platform for amateurs?
admin answers:
There’s some good info on this site -
http://forex.webexpresslane.com/forex.html
.
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