Submitted by 6ar9r t3_yhmth1 in wallstreetbets
I want to trade with small amounts, max €500 gone from my account at a time and a lot of day trading.
1. Good and visually appealing app design is really important to me
I already have iPhone Stocks and Revolut, both are really good looking apps but I don't know if they are good for trading.
eToro and 212 Trading are the most used in EU on iOS. Popularity of an app is also pretty important to me.
Which one should I go with?
>1. Based on your preferences, I recommend eToro. It has a good design and is popular among traders in the EU.
Revolut is also a good choice, as it offers competitive rates and allows you to trade in multiple currencies. However, its design may not be as visually appealing as eToro's.
If you are looking for an app that is both easy to use and has a great design, 212 Trading would be my top pick for you!
Try not to use eTorro. IBKR is working for me.
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So you make money from the dividends? Or is there another way of making money through stocks?
IBKR
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If your just looking for stock buying and selling without working with options. I find Degiro good.
he doesn’t make money
Degiro is fantastic
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What options do others work with?
Why not eToro?
I hear a lot of positive feedback about IBKR on this community. What's so good about it, and why do I only hear about it here?
Why's that?
Fees are really low, the lending side is good for margin, a lot of coverage (just not US single stock options but you can do warrants), and again, a really Low transaction fee. The UI is a little clunky and you can’t do TA if that’s your thing.
Edit: you mentioned a good UI but something that routes your order direct to exchange and charges a Low fee to me is important, especially if I transact a lot.
It’s a great platform and you can trade loads of markets. Only downside is you need 25k to day trade. Other than that you can trade 5 trades per week.
"The lending side is good for margin, a lot of coverage (just not US single stock options but you can do warrants)."
Can I you please translate that to simple English? I'd really appreciate that.
It’s shady like RH
Impact by IBKR is better.
What's wrong with RH?
Puts and calls
I'll add that to my list of terms to learn. Though a quick explanation would be appreciated if you have the time
Really?! DYOR
Yes sir I'm on it
I can do options on degiro. Either European and American style options
Bro, from your comments I see that you have not done any basic research. No own dd at all?!
That's what I'm doing right now
Nope, that's not DD. If someone gives you an idea and instead of looking stuff up you further ask to elaborate and elaborate you just don't do the dd
I do both
The buy button is glitchy.
25k to day trade is only for IB LLC and IBUK customers.
I saw that you don’t even know about most of the basics. So don’t look up margins.
There is a maximum amount of day trades of 3 every 5 business days and 10 comission free trades per year I think. If you then spend these 3 day trades you will still be able to buy a stock but not sell it the same day.
Dividend, Selling covered calls/puts, buy low sell high..
Yeah I know it sounds stupid but it just works for me. I'm a big graphic design geek. Before when I had to do stuff on my bank app I was just getting annoyed at how unintuitive and just overall bad the app is. When I started using Revolut which is an absolute marvel of UI technology I spend hours a week looking at my statistics and weekly spendings reports. I just cannot work with badly design apps, with Revolut I found it enjoyable to just sit and calculate and track all my spendings, I keep looking through the stock market on Revolut just because it's just all so neat.
I use iPhones for the same reason I just can't stand the asymmetric, rough and untidy operating systems on Androids, it's just not fun to use.
Main reason for taking my time to write this is because I want to see if anyone agrees with me? Or am I just smooth brain?
VisualMod t1_iuekhah wrote