Trading Patform

Monday, Feb 25 2019 by


I am I year into my trading life and currently use Hargreaves Lansdown, can anyone recommend an alternative platform that may offer any or all of the following:

1. Trailing stop on shares.
2. Ability to trade shares in Japanese and Canadian markets.
3. Stop Loss or even better trailing stop on US stocks.
4. General recommendation on best platform out there

Thanks for any help

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4 Posts on this Thread show/hide all

DanielRudd 25th Feb 1 of 4

Interactive brokers

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HumourMe 25th Feb 2 of 4

In reply to post #451778

1. Trailing stop on shares. I've just figured out trailing buy stops for pullbacks ...

2. Ability to trade shares in Japanese and Canadian markets.
Japan and Canada are there.

3. Stop Loss or even better trailing stop on US stocks.
See 1

4. General recommendation on best platform out there
Saxo are the best that I've used in the last couple of years which only means Hargreaves Lansdown, iDealing and Saxo. Changing broker is a big hassle. Not used IB but they were also on my shortlist.

But ... pay attention to charges, holding fees, inactivity fees etc.. and if you want responsive customer service, ring them. They have recently reduced prices. 

I love their platform, although only the basics seem well documented. They continue to improve it and it is highly customisable. Either they planned to introduce the features I requested or they really do listen. If the next ones come through I'll be convinced they listen. Execution seems good.

There is a demo. If you can, take advantage of any demos.

This site may help

BTW mostly no AIM or funds. 

I use them within a SIPP.

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AnonymousUser605348 2nd Mar 3 of 4

Pick-a someone reliable and that won't commission you into bankruptcy (HL's kind of a rip IMO), I like iWeb, owned by Halifax Share Dealing. As for stops it depends what type of account you set up...


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wilkonz 2nd Mar 4 of 4

Hargreaves Lansdown is my broker too. At first I was a. bit worried that one couldn't use a stop loss on USA stocks. But it actually made me very careful about which ones to buy. My strategy was buy-and-hold on the basis that 'if it needs a stop loss don't buy it'. So I've ended up with holdings in Microsoft, Apple, McDonalds, Visa, Johnson and Johnson etc,. The only time a stop loss might have been useful was when Caterpillar plunged from $159 to $112 last October. But even then the drop was so fast I doubt if a stop loss would have caught it. On the whole I only use stop losses for spread betting these days. If you're an active trader, all this won't be of much use to you so apologies. But you can always do as HumourMe suggests.

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