Which trading account to choose? Help please.

am.jovial

Which trading account is best suitable for : 
Derivatives trading (Futures and Options) in key European markets - LSE, Euronext, Frankfurt stock exchange, Nordic and Nasdaq? 
It will be sporadic orders initially (6 to 12 months) and may increase gradually.  
It will  be great if we can also trade cryptocurrencies. 
Any link to detailed comparison of key competitors would also be very useful. Google throws of lot of affiliate content and difficult to trust. Hope it won't be the case here. 

Many thanks for the help. 
Thanks,
Am
  

Another_Saver

Why do you want to do this instead of investing?
If you've exhausted the usual: Trading 212, IG, Freetrade etc. Then have you looked at CME?

Edit: apologies I have seen your other thread.

eskbanker

Just as well you're not going to need to conduct thorough research to whittle down a massive range of confusing options in order not to lose your money....

Oh.

am.jovial

Another_Saver said:

Why do you want to do this instead of investing?
If you've exhausted the usual: Trading 212, IG, Freetrade etc. Then have you looked at CME?

I will also be investing for long term and I have a separate thread for that.

lr1277

I don’t know about best but here are 2 I know about. XTB allows you to trade CFD’s in a wide range of markets, maybe not all the ones you listed, but still a wide range. Also if I haven’t traded for a few months they send me an email saying I haven’t traded for a while. No costs for keeping my account open. Reason I joined them and stayed was until the pandemic they used to have regular/semi-regular tutorials if you could get to their office in Canary Wharf. Tutorial wise it used to be a lot better 4-5 years ago, but still ok. You need to do your own research on this.
I also joined Core Spreads who allow you to spreadbet and trade CFD’s. You need to specify when you join. I joined them because I would get a discount on a training course. Not sure that applies any longer. 
The person who is my trainer initially introduced me to XTB then introduced me to Core Spreads on the basis they have tighter spreads. In terms of CFD’s Core Spreads range of products is not as good as XTB’s. I haven’t investigated their spreadbetting offering. Core Spreads have been cool with me not trading yet. With XTB if you want more services and also the type of account where you can trade cryptocurrency, then you will need to fund your account with a minimum of £1k. Again you should check this.
As listed above there are other brokers if you google.
HTH

am.jovial

lr1277 said:

I don’t know about best but here are 2 I know about. XTB allows you to trade CFD’s in a wide range of markets, maybe not all the ones you listed, but still a wide range. Also if I haven’t traded for a few months they send me an email saying I haven’t traded for a while. No costs for keeping my account open. Reason I joined them and stayed was until the pandemic they used to have regular/semi-regular tutorials if you could get to their office in Canary Wharf. Tutorial wise it used to be a lot better 4-5 years ago, but still ok. You need to do your own research on this.
I also joined Core Spreads who allow you to spreadbet and trade CFD’s. You need to specify when you join. I joined them because I would get a discount on a training course. Not sure that applies any longer. 
The person who is my trainer initially introduced me to XTB then introduced me to Core Spreads on the basis they have tighter spreads. In terms of CFD’s Core Spreads range of products is not as good as XTB’s. I haven’t investigated their spreadbetting offering. Core Spreads have been cool with me not trading yet. With XTB if you want more services and also the type of account where you can trade cryptocurrency, then you will need to fund your account with a minimum of £1k. Again you should check this.
As listed above there are other brokers if you google.
HTH

I am not looking for CFD trading but looking for options trading.  

lr1277

Hmm. Based on you mentioning derivatives trading, I said what I said.
I then googled “uk options brokers” and one of the first results returned was for IG Index. On their options webpage, they list spreadbetting and CFD’s as options trading. Make of that what you will.
What do you mean by options trading?
Are you talking about those products which have expiry dates and are worthless after said date? The ones that work on the ice cube effect and knowledge of the Black-Scholes theorem/model?
About 17-19 years ago I was in an investment club that tried options and to be honest we made a mess by not taking into account the dates and selling in the money options when we should have been selling out of the money options.
The advantage for me of CFD’s (and I presume spreadbetting) is there are no date cut-offs. Also you buy if you think the price of the instrument is going to increase and place a sell order if the price is going to decrease. The opposite type of CFD is bought by your broker when you close the trade.
If you want options and not CFD’s nor spreadbetting then go for it and good luck.

am.jovial

lr1277 said:

Are you talking about those products which have expiry dates and are worthless after said date? The ones that work on the ice cube effect and knowledge of the Black-Scholes theorem/model?

Yes. It may not be for everyone or it may be thing of the past or the CFDs have taken over them. But, I personally know people who are making big money trading only in options. CFDs are not yet popular in our country but I will also explore them.  

lr1277

With regard to crypto currencies, the Financial Conduct Authority has banned cryptocurrency CFD’s being offered from 6th Jan 2021 in the UK. I imagine it is the same for spreadbetting providers as their clients trade on margin. 

am.jovial

We would like trade this for example. 

barnstar2077

If it was easy to make money this way then everyone would be doing it.  If on the other hand you think that it isn't easy but that you are smarter than the average person, then good luck to you, you are going to need it.