We're firm believers in cutting costs when it comes to dealing charges, but of course not at the expense of service. We also think that for anyone that does more than a handful of deals per year having at least 2 brokers is highly recommended.
What you’ll often find is that Broker A is best for certain products while Broker B offers a better dealing price and market access for other products. But even if you just use the one broker it’s a prudent idea to have another account opened in reserve. It doesn’t cost anything to open an account these days and most can be done online.
The 2 Brokers We Use
Interactive Brokers
In our opinion their software and dealing charges cannot be beaten
They have offices in Europe, the US and the Far East so are truly a global broker
However, they have no telephone dealing (unless in an emergency) and in our opinion their customer service via email could be improved
Can trade all Euro, US and some Far East stocks as well as futures, options etc
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