Best Day Trading Platform sites for Beginner Traders & also for Long Term Investors?

bery_451

Hi,

According to MSE:

https://www.moneysavingexpert.com/savings/investment-beginners/

They recommend the following:

- Hargreaves Lansdown

- Interactive Investor

- Bestinvest

- Charles Stanley Direct

- Vanguard

- Cavendish

- iWeb 

- Trading212 app on mobile phone

Which of the above are trusted platforms that allow the investor to trade that is buy and sell (exchange) and also which one is the best overall in low trading fees? Which of the above has their Headquarters outside of UK?  Lastly what protections do UK investors have if lets say for example the platform website gets hacked or the platform site goes bust or bankrupt or something? Finally which platforms above are just news/market data sites no trading?

For Long term investors where do they hold their investments or they have to leave it on the platform trading website?

Any more recommended good reputable trading platforms/exchanges with low fees that I missed out on? 

Also why do Investors physically go to a London Stock Exchange Building that has limited trading opening hours when trading can be done online 24/7? 

What is Robo-funds and which platform sites above allow API bot auto trading?

Thrugelmir

Any more recommended good reputable trading platforms/exchanges with low fees that I missed out on? 

X-0

Also why do Investors physically go to a London Stock Exchange Building that has limited trading opening hours when trading can be done online 24/7? 
Investors don't. 
Securities can only be actively traded when a particular exchange is open. 

With so many questions there's plenty of reading material available online. 


 

Albermarle

Vanguard is not a trading platform, it is only suitable for investing in Vanguard funds.
Each platform is covered by £85K FSCS compensation , in case for fraud, major IT bungle etc

port_of_spain

Thrugelmir said:

X-0

A miss.

F-8.

Especially as a beginner, you don't want trading i.e. short-term buying and selling (even if it is instant and cheap); you want investment i.e. somewhere you can add small amounts of money whenever you are prepared to invest it (which should mean when you won't need it back in less than 5, or ideally 10, years) and then leave it. And you definitely don't want bot auto trading.

You need to pick an investment to buy and a platform to hold it with. One investment with one platform is all you need until you have a larger amount invested.

However, not all investments are suitable to be your one-and-only investment. Some are intended to be held as part of a portfolio of many investments. The suitable ones include the multi-asset funds which are often discussed on this forum: Vanguard Lifestrategy, Legal & General Multi Index, HSBC Global Strategy, etc.

Vanguard Investor is a cheap platform (for small amounts to invest) if you happen to want to buy a Vanguard fund. Cavendish is a marginally more expensive platform, where you can buy funds from many managers (Vanguard, L&G, HSBC, etc).

Dandytf

Mser's
Is it possible to use H.L. To Buy or Sell workplace Shares when my 1st batch of options becomes available during 2021.

dunstonh

They recommend the following:

MSE do not make recommendations on regulated financial products and an investment platform is a regulated option.   They give a list of a handful of platforms that have sections that contain additional information and guides.

Which of the above are trusted platforms that allow the investor to trade that is buy and sell (exchange) and also which one is the best overall in low trading fees?

The mainstream UK platforms are not priced or set up to deal with trading.  This is in part because so few people in the UK do it.  And that is good as most that try it lose money.

For Long term investors where do they hold their investments or they have to leave it on the platform trading website?

If you are now referring to conventional investing then you would usually use a platform nowadays. There are still some product providers left off platform but many are in decline (although some are booming).

Any more recommended good reputable trading platforms/exchanges with low fees that I missed out on? 

Which is best will depend on the assets you are investing in, the frequency of trades and amounts involved.

Also why do Investors physically go to a London Stock Exchange Building that has limited trading opening hours when trading can be done online 24/7? 

Investors do not do that.

What is Robo-funds and which platform sites above allow API bot auto trading?

Robo guidance or robo-advice providers (which is not really advice) are a simple option aimed at low value investments.  They offer a selection of pre-built invest portfolios using index tracking funds.  Usually at higher cost then buying similar through an investment platform and in many cases, at a same level or higher than using an IFA to run the portfolio.  They are not an investment platform. It is more akin to a product provider.  You cannot trade using a robo provider.

Are you really sure you want to go into trading?  Its usually a recipe for losing money.  Most people in the UK stick to investing using conventional methods.

mark13

0 commission  trading with Trading212. Covered by FSCA.  You can trade low amounts and even buy partial shares  and these can be in an ISA .  Read and learn before investing any money. Invest first, once you have some experience in the markets then give trading a go.

bery_451

Ok which day trading platform exchange sites people recommend for Forex trading?

port_of_spain

bery_451 said:

Ok which day trading platform exchange sites people recommend for Forex trading?

Just don't do it. A great way to lose money.

Especially if you're an investment beginner. (I've been investing for over 20 years, and still wouldn't go anywhere near forex trading.)

bery_451

port_of_spain said:

Thrugelmir said:

X-0

A miss.

F-8.

Especially as a beginner, you don't want trading i.e. short-term buying and selling (even if it is instant and cheap); you want investment i.e. somewhere you can add small amounts of money whenever you are prepared to invest it (which should mean when you won't need it back in less than 5, or ideally 10, years) and then leave it. And you definitely don't want bot auto trading.

You need to pick an investment to buy and a platform to hold it with. One investment with one platform is all you need until you have a larger amount invested.

However, not all investments are suitable to be your one-and-only investment. Some are intended to be held as part of a portfolio of many investments. The suitable ones include the multi-asset funds which are often discussed on this forum: Vanguard Lifestrategy, Legal & General Multi Index, HSBC Global Strategy, etc.

Vanguard Investor is a cheap platform (for small amounts to invest) if you happen to want to buy a Vanguard fund. Cavendish is a marginally more expensive platform, where you can buy funds from many managers (Vanguard, L&G, HSBC, etc).

Okay I seen X-o site.  They want £5.95 per trade which is expensive for day trading.

Whats the URl for the F-8 site, cant seem to find it.

kuratowski

I'm reasonably sure F-8 was a reference to Battleships https://en.wikipedia.org/wiki/Battleship_(game)