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Facebook stock and brokers who have them

  • #1
  • First Post: Sep 21, 2016 5:07am Sep 21, 2016 5:07am
So I been looking to trade facebook stocks. Its easy to find a brokers who have them. When you want the broker to be good - with good reviews and good regulation - thats where it becomes tricky.

So far I did find ActivTrades. They seem okay but not great. LOL. You have to pay fee for trading stocks there

And all the best brokers - seems like they dont do stocks. Its like they realize that thats where the money is cause its easy to predict stocks movements. And besides maybe theres too much trouble to provide stocks for a customer.

Im sure there are brokers who do stocks exclusively but so far I seen minimum deposits like 25k-40k. Maybe theres some broker who does stocks with a reasonable minimum deposit, lets say 100 bucks? Cause Im new and really just experimenting for now.

Also I found some forex brokers who do FB stocks as well like Markets.com and Plus500 but those are complete buckets. Also FXpro seemed to be good but its rated under 3 stars on forex peace army and besides its own workers wrote positive reviews as well.
Doubt kills more dreams than failure ever will.
  • #2
  • Edited 7:00pm Sep 21, 2016 5:23pm | Edited 7:00pm
$100 will not buy you even 1 share of Facebook.
  • #3
  • Sep 21, 2016 5:34pm Sep 21, 2016 5:34pm
Most likely Forex Brokers will not pass your stock orders to the real market....
  • #4
  • Sep 22, 2016 12:07am Sep 22, 2016 12:07am
Quoting Rob Mondave
$100 will not buy you even 1 share of Facebook.
Leverage man. They trade it with leverage.
Doubt kills more dreams than failure ever will.
  • #5
  • Sep 22, 2016 6:06pm Sep 22, 2016 6:06pm
Quoting pcmaster
{quote} Leverage man. They trade it with leverage.
2:1 overnight leverage on stocks. That would buy you only one share.

…never mind, my bad. You're talking about CFDs, right?
  • #6
  • Sep 23, 2016 1:13am Sep 23, 2016 1:13am
ok you know,markets.com they got FB ,but they are the worse brokers, they requote your market orders and you get filled at the worse price, even when there is not news events.
try to find a better broker if you plan to open a real money account.
google cfd brokers
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he, alone, was to blame for his losses in the zero-sum game
  • #7
  • Sep 25, 2016 12:15pm Sep 25, 2016 12:15pm
Quoting comoestas
ok you know,markets.com they got FB ,but they are the worse brokers, they requote your market orders and you get filled at the worse price, even when there is not news events. try to find a better broker if you plan to open a real money account.
Well I tried to open account with Activtrades, but the refused me because they didnt think I have enough experience. Then I tried again and they didnt get back to me after said they forwarded my documents to account opening team. So now kinda have to find new broker.
Maybe I could trade FB option ? With ThinkorSwim. Remember you traded FB option with them. Just fully dont understand yet how option really works.
Doubt kills more dreams than failure ever will.
  • #8
  • Sep 25, 2016 12:30pm Sep 25, 2016 12:30pm
Just my opinion, but you have no chance of trading facebook anywhere with a $100 account. Unless you can get very high leverage somewhere. Your only option with a $100 is forex.

Oh and forget about options lol. That is a long learning curve. Stick to trading for awhile until you get a feel for it with a small account and trading micro lots.
  • #9
  • Edited 1:29pm Sep 25, 2016 1:18pm | Edited 1:29pm
If you are not US resident you can still trade stocks or options with Interactive Brokers. They want a $10k min. deposit to trade options. I wouldn't trade FB options though. Check out TWTR - it is up big on buy-out rumors. But, if that doesn't come to pass, it will drop back down to $18 +/-. Here's a cheap ($0.14/share notional) put calendar spread I might use to bet on that outcome.
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #10
  • Sep 25, 2016 1:26pm Sep 25, 2016 1:26pm
So, you have $100? Congratulations. What you really have that is enviable, though: Youth. I wish I had gotten into trading when I was 20-something.

It takes some time to learn to trade options, but it is time well spent for any trader. There have never been better online, free resources available to anyone who wants to learn:

https://www.tastytrade.com/tt/
https://www.dough.com/
"If The Fool persists in his Folly he will become wise." - William Blake
  • #11
  • Sep 25, 2016 2:05pm Sep 25, 2016 2:05pm
Quoting The Fool
So, you have $100? Congratulations. What you really have that is enviable, though: Youth. I wish I had gotten into trading when I was 20-something. It takes some time to learn to trade options, but it is time well spent for any trader. There have never been better online, free resources available to anyone who wants to learn: https://www.tastytrade.com/tt/ https://www.dough.com/

I wish I would get into trading when I was 16(2 years demo account), Then by now I could easly dont do day job and just live from trading. But yeah Since I started now looks like minimum 5 years is needed to build up the knowledge and account size to be ready to support myself fully from trading.

Thanks for links, will check them out.
Doubt kills more dreams than failure ever will.
  • #12
  • Sep 25, 2016 2:46pm Sep 25, 2016 2:46pm
Quoting pcmaster
So I been looking to trade facebook stocks. Its easy to find a brokers who have them. When you want the broker to be good - with good reviews and good regulation - thats where it becomes tricky. So far I did find ActivTrades. They seem okay but not great. LOL. You have to pay fee for trading stocks there And all the best brokers - seems like they dont do stocks. Its like they realize that thats where the money is cause its easy to predict stocks movements. And besides maybe theres too much trouble to provide stocks for a customer. Im sure there...

FxPro offer CFD trading in MT4. No commission charged. Only Spread which is quite low.
  • #13
  • Sep 26, 2016 12:44am Sep 26, 2016 12:44am
Been thinking about FX pro but min deposit there is 500 bucks and dont want to get that serious yet. But reviews are not that good either, here on forums people been saying that execution is getting worse and worse. However they offer quite a lot proffesional solutions.
Doubt kills more dreams than failure ever will.
  • #14
  • Sep 26, 2016 2:35am Sep 26, 2016 2:35am
Quoting pcmaster
Been thinking about FX pro but min deposit there is 500 bucks and dont want to get that serious yet. But reviews are not that good either, here on forums people been saying that execution is getting worse and worse. However they offer quite a lot proffesional solutions.
No. No minimum deposit. Check their website.

Also, if you are looking to trade STOCK CFDs, choose IG. But they have $15 commission, hence you have to make $30 to break-even.
  • #15
  • Sep 26, 2016 3:51am Sep 26, 2016 3:51am
Quoting hammadshahir
{quote} No. No minimum deposit. Check their website. Also, if you are looking to trade STOCK CFDs, choose IG. But they have $15 commission, hence you have to make $30 to break-even.
15 bucks comision is quite a lot.

After reading this review I dont want to open account with IG. besides they have only 2 star average rating on forex peace army.

I was about to open a cfd live acount at IG, however, after I have read their CUSTOMER AGREEMENT which also you can find on the IG company website, anyway, after I have carefully read through that agreement, I decided not to invest my money with their cfd product. There are some parts of agreement that have made me believe I will get myself into a lot of trouble if I agree to use their cfd product. According to section 4. PROVIDING A QUOTE: You acknowledge that both our Spreads and Market Spreads, can widen significantly in some circumstances, that they may not be the same size as the examples given in the Contract Details and that there is no limit on how large they may be. You acknowledge that when you close a Transaction, the Spread may be larger or smaller than the Spread when the Transaction was opened. For Transactions transacted when the Underlying Market is closed or in respect of which there is no Underlying Market, the figures that we quote will reflect what we believe the market price in an Instrument is at that time. You acknowledge that such figures will be set by us at our reasonable discretion. The Spread quoted by us will reflect our view of prevailing market conditions. Also, in the same section of number 7: If, before your offer to open or close a Transaction is accepted by us, our quote moves to your advantage (for example, if the price goes down as you buy or the price goes up as you sell) you agree that we may (but do not have to) pass such price improvement on to you. The effect of such action being that the level at which you offer to open or close a Transaction will, upon acceptance by us, be altered to the more favourable price. You acknowledge that it is in your best interests for us to alter the level of your offer in the manner contemplated in this Term and you agree that any offer altered in accordance with this Term, once accepted by us, results in a fully binding agreement between us. It is at our complete discretion as to when we will pass on a price improvement to you, but you should note that we will generally only pass on a price improvement when the market you are trading is volatile. You should also note that we will only pass on a price improvement within allowable limits, and we reserve our right set out in Term 4(3) to reject any offer by you to open or close a Transaction. For the avoidance of doubt, this Term does not permit us to alter your offer price if to do so would result in your opening or closing (as the case may be) a Transaction at a less favourable price than your offer. And, in the section 8 ELECTRONIC TRANSACTIONS, the number 2: We have no obligation to accept, or to execute or cancel, all or any part of a Transaction that you seek to execute or cancel through an Electronic Trading Service. Without limitation of the foregoing, we have no responsibility for transmissions that are inaccurate or not received by us, and we may execute any Transaction on the terms actually received by us. People who want to use their cfd product should carefully read thought the CUSTOMER AGREEMENT (Australia one, i don't know about other country) and PDS, before put your money into their company
Doubt kills more dreams than failure ever will.
  • #16
  • Sep 26, 2016 8:40am Sep 26, 2016 8:40am
Quoting pcmaster
{quote} 15 bucks comision is quite a lot. After reading this review I dont want to open account with IG. besides they have only 2 star average rating on forex peace army. I was about to open a cfd live acount at IG, however, after I have read their CUSTOMER AGREEMENT which also you can find on the IG company website, anyway, after I have carefully read through that agreement, I decided not to invest my money with their cfd product. There are some parts of agreement that have made me believe I will get myself into a lot of trouble if I agree to use...
Go for FxPro, I think it's better. I also trade stocks with Interactive Brokers. May be we can be a team.
  • #17
  • Edited 6:35pm Sep 26, 2016 8:44am | Edited 6:35pm
Quoting pcmaster
{quote} Well I tried to open account with Activtrades, but the refused me because they didnt think I have enough experience. Then I tried again and they didnt get back to me after said they forwarded my documents to account opening team. So now kinda have to find new broker. Maybe I could trade FB option ? With ThinkorSwim. Remember you traded FB option with them. Just fully dont understand yet how option really works.
with 100 you can buy a put that expire in 4 days.
you risk your 100 ,if the price is above your strike price at the expiration day.
you will make money is the price is below your strike price minus premiun and fees paid.
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he, alone, was to blame for his losses in the zero-sum game
  • #18
  • Sep 26, 2016 3:02pm Sep 26, 2016 3:02pm
Quoting pcmaster
{quote}...According to section 4. PROVIDING A QUOTE: You acknowledge that both our Spreads and Market Spreads, can widen significantly in some circumstances, that they may not be the same size as the examples given in the Contract Details and that there is no limit on how large they may be. You acknowledge that when you close a Transaction, the Spread may be larger or smaller than the Spread when the Transaction was opened. For Transactions transacted when the Underlying Market is closed or in respect of which there is no Underlying Market, the...
If that's your objection to this broker, you'll find that every broker does the same thing. They're not trying to screw you, it's that during special events like Interest Rate Announcements and the monthly Employment report and the Brexit vote, the spreads widen. Period. Just don't try to enter in the few seconds before a major economic announcement.
  • #19
  • Sep 26, 2016 3:06pm Sep 26, 2016 3:06pm
Quoting comoestas
{quote} with 100 you can buy a put that expire in 4 days. you risk your 100 ,if the price is above your strike price at the expiration day {image} {image}
Buying an option with 4 days till expiration? Holding it for just one day you'll lose 50% of any gains to Theta! Plus it would be a wild ride just due to high Gamma.
  • #20
  • Sep 26, 2016 3:07pm Sep 26, 2016 3:07pm
Quoting comoestas
{quote} with 100 you can buy a put that expire in 4 days. you risk your 100 ,if the price is above your strike price at the expiration day {image} {image}
Mate, do you trade options? Because I do. Al most on daily basis. Do you know that PRICE ABOVE/UNDER THE STRIKE PRICE + BID/ASK + COMMISSIONS (With TD, 9.99+.72/CONTRACT) < PROFIT == PROFIT ELSE LOSS.

Better he should trade SPY options at the opening bell.
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