EQ Trader or Future Equities any good?

[Airborne90]

Hi Guys,

Has anyone used or using EQ Trader of Future Trader of the GT247.com platform, another arm of Easy Equities.

Are they credible and as good as other platforms, your views/opinions would be apprecaited,

Thanks,

 

[Papsak]

Depends on what you want to trade and what sort of quantity. They have no minimums just a straight 0.1% on buy and sell - so they are the cheapest per trade on most metrics - for JSE CFD's. For larger amounts (maybe R50K per trade and up) - one of the others might be better. GT247's graphing software is pathetic - at least the drawing tools are rubbish. They are also honest an not going to run away with your cash.

Would use someone else for forex and commodities.

 

[Thor]

They are very good I use both GT247 and EasyEquities

 

[Airborne90]

Depends on what you want to trade and what sort of quantity. They have no minimums just a straight 0.1% on buy and sell - so they are the cheapest per trade on most metrics - for JSE CFD's. For larger amounts (maybe R50K per trade and up) - one of the others might be better. GT247's graphing software is pathetic - at least the drawing tools are rubbish. They are also honest an not going to run away with your cash.

Would use someone else for forex and commodities.

I have to agree, their graphing software doesn't look favourable at all, for the drawings tools I want to use. Their other downfall in my opinion they have limited equities available on the platform.

What other platform would you use for trading forex? What are their fees structures like?

 

[Thor]

I have to agree, their graphing software doesn't look favourable at all, for the drawings tools I want to use. Their other downfall in my opinion they have limited equities available on the platform.

What other platform would you use for trading forex? What are their fees structures like?

You can look at IG markets.

Or Sanlam Itrader very good charting. .

Sharenet also has decent charting software but I'm not sure about their platform.


None will match GT247 on fees though.

 

[Papsak]

Sure, not all equities are available - they need to be fairly liquid to trade - but enough to keep me occupied. I have other accounts for my long term porfolios.

FX - MT4 is the most common platform out there - it's good. There are others, MT5, ctrader, ninja that are more modern. If you want to start small with micro lots xm.com is pretty good. But others with a good rep is tickmill and pepperstone - all offer demo's.

My 5c advice would be don't try to day trade, avoid FX for the moment, swing trade on daily/weekly charts. Right size each and every trade so that you never loose more than 2% - even if that only means you getting a few shares. ALWAYS use a fixed stop loss. Patience, patience, patience.