We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Cheapest way to day trade

i know i may get shot down for this, but ill ask anyway, whats the best share-dealing account to have/use if you are a frequent trader, cost wise?
Currently pay £11 per trade (+0.5% stamp duty on purchases), then after my 10th trade (i think) that quarter, it drops to £9 per trade

Whats the cheapest if you are a very frequent trader?

Thanks in advance

Comments

  • chris_m
    chris_m Posts: 8,250 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    http://www.x-o.co.uk/ are £5.95 per trade.
  • purch
    purch Posts: 9,865 Forumite
    You may find that other brokers who charge more, might end up cheaper when you factor in the price of Level2 data.

    Of course, far more important than price per trade, is fill quality per trade, especially if you are day tradin.
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • longwalks1
    longwalks1 Posts: 3,834 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Thanks people

    Purch, whats fill quality? excuse my simple Q's but am new to this)

    Thanks again
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.