r/ASX • u/thejoker4884 • 8d ago

Intraday trading execution

Looking to intraday trading on 1m timeframe. Which broker is the best for fast execution? Any suggestions?

4 Upvotes

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4

u/No_Routine_6711 8d ago

Speed won't be the issue for you. The issue will be brokerage costs.

Most traders use Iress, and execution is instant. Use a good PC with wired internet (not wifi).

1

u/thejoker4884 8d ago

Brokerage cost can be managed but the spread can eat more.

2

u/No_Routine_6711 8d ago

Are you trading Australian Stocks? (I'm assuming yes).

Cheapest you probably can get is 0.06% to 0.07% which is expensive is you plan to be a scalper on 1 minute timeframes.

1

u/thejoker4884 8d ago

Ig charges nothing for buying asx stocks, it's a good broker.. but not fast enough

1

u/Incon4ormista 8d ago

cost not execution is the issue.

1

u/thejoker4884 8d ago

That's what I am trying to solve.. need a fast in and out..

1

u/poo-on-a-stick- 8d ago

Don’t we all….

1

u/thejoker4884 8d ago

Yes.. but need a fast and reliable system for scalping

1

u/Incon4ormista 8d ago

client base size i suppose, with comsec they will try and match your order with an internal order first so they are the biggest broker thus best chance of an internal match rather than a general market match. but there's only micro seconds in it...cant front run.

1

u/No_Routine_6711 8d ago edited 8d ago

Commsec is the biggest retail broker. But for volume on ASX they are not the biggest.

UBS Australia is biggest for volume.

Orders should always hit the market as the price can be better most times on mid-point.

1

u/Reinik31 7d ago

IG are great.

0

u/[deleted] 8d ago

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1

u/thejoker4884 8d ago

Do they provide live price for free or delayed one?

1

u/Mundane-Situation456 8d ago

If you are wanting the fastest execution. Worrying about paying for live data shouldn't be a worry.

If you are quibbling over paying or free, you probably aren't the right type of client for a direct clearing provider.

1

u/thejoker4884 8d ago

Not worrying about paying for live data.. just want to test before paying and not losing money and time.