Diversification of brokers

Guys I just want to put a reminder that you need to diversify not only your stocks but also the brokers.

Today was a hard lesson to learn. There is chinese broker app (i wont name it) that worked flawlessly and you could both buy and sell GME. Iā€™ve been all against the chinese intrusion and communists but it looks like some options are not that bad. The ā€œfree marketā€ seems more tilted towards few big players.

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Is it webull?
Unfortunately we canā€™t trade with it in the uk but the level 2 data it provides is pretty interesting.

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This is a very important reminder. I am considering Degiro as they did not halt trading today and heard really good things about them.

Interesting to note that ā€˜mostā€™ of DEGIROs trading costs are ā€˜cheapā€™ but thereā€™s about 500 ETFs that are completely free to trade. Ā£0. So is a good account to have as a ā€˜backupā€™ - which has come in handy the last few days.

Example free etfā€¦

https://finki.io/stockSearch_brokers.php?ticker=PHPM&mic=XLON&isin=JE00B1VS3W29

Youā€™ll ā€˜likelyā€™ end up paying less than Ā£1 or Ā£2 to trade U.K. or US stock instantly. The account funding is SLOW. But after you fund your account itā€™s a good platform. Itā€™s worth it in these crazy times.

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Now would be a really good time for the likes of Etoro to grab a share hold.

Yep

Track commission free brokers available in Europe hereā€¦

NOK example

https://finki.io/stockSearch_brokers.php?ticker=NOK&mic=XNYS&isin=US6549022043

Get yourself some backup accounts in this crazy volatile time

I see based on your search that the Nokia ISIN starts with ā€œUSā€.
Does that mean that its ADR listing is its primary listing and the Helsinki listing is a minor secondary listing?

No, the ā€˜parentā€™ is on Helsinki

The US version is the ADR

https://finki.io/stockSearch_brokers.php?ticker=NOKIA&mic=XHEL&isin=FI0009000681

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Random ā€˜interestingā€™ news - I fired up my Revolt account yesterday for trading GME and apart from the odd ā€˜delayā€™ during market halts it worked pretty well.

Never a Revolut fan but in these timesā€¦ heyā€¦ take what you can getā€¦ it might be a useful backup in case other brokers stop tradingā€¦ maybeā€¦šŸ¤·šŸ¼

https://finki.io/stockSearch_brokers.php?ticker=GME&mic=XNYS&isin=US36467W1099

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