Interesting
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I've used Revolut for about 5 years now, It's brilliant. Still have a bank account that my wages go into but all my spends go through Revolut now.Not sure about Revolut to be honest. I know it’s not like a real bank.
I did Google but I’m not smart enough to understand what I found so if you do find out I’d be interested. Just treating it as a play account and using the kids account feature for pocket money at the moment.
I've used Revolut for about 5 years now, It's brilliant. Still have a bank account that my wages go into but all my spends go through Revolut now.
Booked flights with Flybe on it and they got me my money back when they went bust.
I've also had a few different Cryptos on there for a while now.
It's an absolute no brainer to get one for use abroad. Used it in Mexico, Sri Lanka and Europe with no problems.
You can change your balance to £ in setting if you were unaware. Trades still in $ tho.Following on from the discussion about zero-commission platforms, this was in the FT today
The GameStop saga has turned the spotlight on the low-cost trading platforms which have allowed millions of ordinary Americans to trade stocks easily. Regulators are now expected to scrutinise the practice that finances the zero-fee business model of key broker Robinhood: selling order flows to other Wall Street businesses.
Payment for order flow, or Pfof, involves exchanges or market-making companies such as Citadel Securities or Virtu Financial paying brokers for the right to execute orders for their clients. It is big business. US brokers collected almost $3bn in such payments last year. Proponents say the system lowers trading costs for small, retail investors and allows them to get better prices.
Individual investors opened more than 10m new brokerage accounts in 2020, according to JMP Securities. Critics say the arrangement sets up an inherent conflict of interest. Brokers could be tempted, these critics claim, to route orders to firms that pay the most for them.
That could collide with an overriding US legal duty to get clients the best price on their trades. Robinhood just recently faced a Securities and Exchange Commission enforcement action on this issue. But meeting that duty is complicated by the existence of multiple exchanges and trading platforms.
For many brokers, it is easier to deputise the job to a middleman such as Citadel Securities. This is a market maker, a breed that covets small buy and sell orders, which are easy to balance. They are willing to offer narrow spreads when these arrive in bulk. Profits are slim, often a fraction of a cent. But they add up if you are executing millions of trades. There is meant be an impenetrable Chinese wall between dealings for clients and proprietary trading at market makers, to stop exploitation of client data.
Worldwide, brokers and market makers have a historic record of front running — buying and selling for themselves to profit from price moves triggered by client orders placed afterwards. US regulators now have their work cut out. They need to trawl through oceans of price data to check the principle of “best execution” is being honoured. They must test the robustness of Chinese walls. And they should require hidden costs to clients to be disclosed.
Watchdogs must also confront two far trickier questions. Are clients of zero-fee brokers actually paying in data, as social network users do? And does this twist economic incentives in a way that is unacceptable? For Robinhood and its backers, the answers could be painful.
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Just on a note as well, I've now found that when making deposits in etoro, which accounts are dollar-based, you are shown the conversion rate before depositing. When you make a withdrawal, however, not only you are charged $5 for the privilege but the exchange rate for pounds is not shown. I'm still waiting for a withdrawal to be processed to see what actual rate they sting me with.
No such thing as a free lunch.
You can change your balance to £ in setting if you were unaware. Trades still in $ tho.
Most folks use spread bets, and typically trade on intra-day movements based on technical analysis, rather than longer-term bets based on a consideration of economic fundamentals.
Or there are ETF funds that deal in exchange-traded options that you can dabble with, but again these are shorter-term trading instruments, not investment funds.
I'd very strongly advise against it unless you felt truly competent with either approach.
There's possibly some sort of hedged exchange rate tracker funds out there and which might be less volatile, but all in all I wouldn't be trading purely on ERs.
I follow the Brazillian real to the dollar as I trade on Coffee ETFs. Coffee is traded in dollars, but as Brazil is the main coffee producer then ERs come into the equation when looking at up/down trends in coffee prices. I understand the risks with ETFs - that they track the movement in underlying prices (e.g. coffee), rather than the price itself - but it's proved a useful trading tool to date, and I'm actually started to trade more heavily with this instrument now - just hope it doesn't go tits up, fingers crossed.
.......and today they crashed, hopefully not 2018 all over again. Cost me 20% so far, am up 100% last 3 months though!
Fuck sake, completely forgot to get someKanabo up 250% on initial IPO. Some rich people just got richer. Will wait for it to trace back to 7-8
hit 300% before some profit takings. Jumped from IPO of 6 to open at 13.50, currently 16.75. May be worth risking it to get in before first RNS from new BOD. May very well rally to 50p, but has been hyped to this hilt recently. I'm waiting to get it at RRPFuck sake, completely forgot to get some
I owe you a beer for this prompt mate, you can cash it in roughly 5-10 yearsAlways the question, struggle to get a quote on the first day, or wait until it's done a shed load of placings, then buy
Vaporiser maker to be first medical cannabis firm listed in London
Kanabo issues prospectus for London Stock Exchange after clearance from FCAwww.theguardian.com
Beckham-backed cannabis venture becomes first to score with London float
DB Ventures is taking a stake in Cellular Goods, which will announce its intention to float this week, Sky News learns.news.sky.com
Anyone tempted? First pure CBD company to go on the exchange
In with 1k on eToro. Any recommendations anyone?
it will probably open 100% above that after insiders have had a go. Also, it's synthetic cannabis created in a lab - rather than extracted from the natural flower! Penny stocks are fun though, i may dabbleAt 5p a share, possibly worth a few quid.
Oh mate!!! Keep on searching!!Spent last night scrolling through old emails in the hope I’d sent myself a copy of my Bitcoin wallet password. No luck. Did find another old account I’d used on the dark web but nothing in it
Well done Marty and Greggs. To compound the fact that I didn't jump on Kanaboo after its first day's rise I un-characteristically made a rash gamble on something against all usual rational thinking - emotion. In simply checking on my loss-making position but not looking to trade I had a fat finger moment and accidentally clicked sell. Lost £800 in a moment, and I knew I could have likely sold later nearer breakeven, which turned out to be the case.
Have other things going on at the mo, so haven't really got my head into a trading space.
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