Degiro broker

Thrugelmir

Albermarle said:

Does anyone have any thoughts / experience using Saxobank as an investment platform? 

Seems to be a trading/gambling platform rather than an investment one ( normally on this forum investment means long term ) 

If they are so keen to promote CFD trading they obviously have little respect for their customers.

I was surprised to find out recently that HL offer trading in CFD's and spread betting. I would have thought a mainstream retail investment platform would steer clear of such activities?

I had to complete an Appropriateness questionnaire the other day to purchase more shares in a company I already hold.  The form is scored and I need to pass in order to continue trading the stock. (Awaiting the results) More and more regulations are coming into force. To ensure that people fully understand what they are investing in. 

bowlhead99

Alexland said:

Brido88 said:

Does anyone have any thoughts / experience using Saxobank as an investment platform? 

If they are so keen to promote CFD trading they obviously have little respect for their customers. Wouldn't touch them (or a similar) with a barge pole.

Saxo have been recommended on here from time to time for years, as they have had a competitively priced international share trading offering for a very long time with broad market access. The fact they have a broad range of services does not mean they have 'little respect for their customers'. 

Albermarle said:

I was surprised to find out recently that HL offer trading in CFD's and spread betting. I would have thought a mainstream retail investment platform would steer clear of such activities?

They offered a white-labeled access to the IG platform, though they are not currently taking on new customers. CFDs are not an outrageously unusual thing for a stockbroker to offer, even if they are outside the mainstream. HL is known more for its 'fund supermarket' type services but if you are trying to compete with brokers generally to be a one-stop-shop for investment customers and don't have a particularly advanced brokerage service yourself, it makes sense to partner with someone who has a better technology platform.

Alexland

Albermarle said:
I would have thought a mainstream retail investment platform would steer clear of such activities?

Respectable businesses won't want to draw too much attention to their less respectable activities. I have nothing against CFDs being available for informed customers but maybe kept under the counter like cigarettes rather than pushed on investment newbies.

tropic_of_Username019

Saxo's current website does promote "trading" rather than "investing", which is off-putting to me, too. They might still be relevant to some investors who want to access to some of the more obscure overseas stock exchanges. They weren't especially cheap last time I checked — I didn't wade through current website to check again.