If you have a question about money please just ask. We will do our best to answer it ourselves or source an expert to answer it for you.
Q&A
When Should You Get a Wealth Manager? – Is £250,000 enough to use a wealth manager for investing?
19th May 2020
Richard Berry
Q&A
Should you enrol on a trading course to learn trade forex, spread betting or CFDs?
14th May 2020
Richard Berry
Q&A
Do spread betting companies close your account if you win?
12th May 2020
Richard Berry
Q&A
Two questions on buying options in the UK
3rd April 2020
Richard Berry
Q&A
What platform is the best for commodities specifically oil?
3rd April 2020
Richard Berry
Q&A
What’s a good discount broker for investing for long term (not trading)?
3rd April 2020
Richard Berry
Q&A
Can I trade AIM stocks with IG?
3rd April 2020
Richard Berry
Currency Brokers
How do I get the best rate on an €8,000 currency transfer?
27th March 2020
Richard Berry
Investing
I want to invest in a dollar based ETF from the UK. How do you do it?
27th March 2020
Richard Berry
Q&A
How do I sell shares when administering an estate?
15th January 2020
Ruth Jackson-Kirby
Q&A
I want to find out about positive ethical investments in companies which are providing green products.
14th January 2020
Emily Perryman
Currency Brokers
What’s the best way to convert money from one currency to another online
8th January 2020
Richard Berry
Currency Brokers
Best UK accounts for getting paid in Euros
8th January 2020
Richard Berry
Q&A
Which forex brokers offer a welcome bonus and won’t scam me?
8th January 2020
Richard Berry
Q&A
I want to work in the stock market, what’s the best way to apply?
8th January 2020
Richard Berry
Banking
Can I have a EURO account in the UK that pays interest?
7th January 2020
Ruth Jackson-Kirby
Featured
How do I deal with exit fees when switching SIPP provider?
17th December 2019
Gill Wadsworth
Q&A
I am looking to invest in Apple. Where can I buy Apple shares?
16th December 2019
Richard Berry
Q&A
I live in the UK, I am a beginner, do I choose XTB or IG?
16th December 2019
Richard Berry
Q&A
Does IG provide NASDAQ trading?
16th December 2019
Richard Berry
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Where can I trade the Crash 500 index?
16th December 2019 Richard BerryWhere can I trade the Crash 500 index? As far as I am aware there is no such thing as the Crash Index offered by any respectable broker. Please correct me if I am wrong. [...] -
I need a reliable broker that offers the volatility index on MT4?
16th December 2019 Richard BerryI need a reliable broker that offers the volatility index on MT4? If I may I am going to break the answer to your inquiry down into two parts: Finding a reliable broker is very [...] -
Where can I trade the US indices?
11th December 2019 Richard BerryQuestion: I am looking for brokers that have the US Index Answer: If you are looking to trade US equity indices, the Good Money Guide has a whole section dedicated to brokers who offer trading [...] -
Can I have an MT4 ISA account?
11th December 2019 Richard BerryQuestion: Can I use an ISA to invest in MT4? The short answer to this is no you can’t. The reason for this is that MT4 brokers do not support dealing in physical stocks and [...] -
Are there any UK options brokers with no position limits?
11th December 2019 Richard BerryQuestion: I’m looking for a good options broker that has no limits on the number of positions you can place and accepts UK clients Answer: There will always be a limit on the number of [...] -
How can I sell Irish shares as an Australian?
11th December 2019 Richard BerryQuestion: I am an Australian resident trying to sell Irish shares, any advice on a stockbroker that will do this? Thank you Answer: You could approach any of the large Australian stockbrokers and the ASX, [...] -
Where can I trade VIX futures?
13th November 2019 Richard BerryThe original question was: DO YOU KNOW WITH WICH BROKER I CAN TRADE VIX FUTURES (APART INTERACTIVE ) THANKS If you’re not keen on Interactive Brokers, there are a plethora of futures brokers that offer [...] -
No deposit brokers for CFDs, Forex & Spread Betting
13th November 2019 Richard BerryThe original question was: Are there any no deposit brokers? Most brokers offer a demo account where you can trade without depositing funds first. Then yes there are plenty. However, if you are asking if [...] -
I would like to start trading in bitcoin but have no experience. Where do I start?
4th September 2018 Richard BerryHow can I start trading Bitcoin? This is a question I am sure that many have been asking themselves over the last year or so. The lure of new markets and the highly publicised potential [...] -
Which brokers are good for scalping and why does it have a bad reputation?
31st August 2018 Richard BerryFirstly, let’s address why brokers don’t like client scalping. When broker process orders some are hedged and some are internalised and matched with other client orders. This isn’t because (as some suggest) it’s all a [...] -
What brokers offer negative balance protection?
22nd August 2018 Richard BerrySince the ESMA changes all retail clients must be offered negative balance protection. This means that a retail traders account cannot go into negative equity. In other words, a retail trader cannot lose more than [...] -
I want to transfer a large amount of money from my bank account (natwest) in the UK to my account in Australia.
20th August 2018 Good Money GuideOriginal Question: Hi, I want to transfer a large amount of money from my bank account (natwest) in the UK to my account in Australia. Would I get a much better rate with a currency [...] -
In your opinion which is the best broker overall for spreadbetting. Tight spreads is important and demo accounts and charting service. Thank you.
20th August 2018 Richard BerryThe answer to this is very subjective as there is no “best spread betting broker”. There are so many different types of client who all trade differently with specific investment objectives. So whilst one broker [...] -
I trade Bitcoin with Instaforex. It is difficult to place trades as I want (distance to market price to big). Is there a better cent account that you can advise me?
20th August 2018 Richard BerryGBG: I’m afraid I’m not familiar with Instaforex’s cryptocurrency trading offering so I can’t comment on that. However, all the CFD and spread betting brokers we feature in our bitcoin trading comparison tables offer competitive [...] -
Who offers direct market access in forex trading?
15th August 2018 Richard BerryThere are two types of DMA (direct market access) Forex trading and both are very different and not at all like DMA equities trading. First off, there is DMA FX trading on exchange with futures. [...] -
In large money transfers what percentage will the currency broker charge?
3rd August 2018 Richard BerryThis is one of the most opaque areas of foreign exchange and it’s remarkably hard to get a straight answer from a currency broker. It’s also one of the most important elements of using a [...] -
Question: I was wondering how best to protect our money using a foreign exchange broker. Presumably, this area is open to fraudsters? GBG: do you mean for int money transfers? Client: Yes. Euro to Sterling [...]
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How risky is Bitcoin robo trading?
2nd July 2018 Richard BerryThe original question here was: How risky is Bitcoin and if this currency is traded by Robot, do you think it is still very risky. GBG: So here is the two-part answer. Bitcoin trading is [...] -
Question: Where is the best place to buy ripple? GBG: the answer to this really depends on “how” you want to buy Ripple… If you want to buy and hold Ripple then you need a [...]
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What qualifies as financial services experience for professional upgrading?
28th June 2018 Richard BerryTrader: I wanted more information on the worked in the financial sector bit as to what qualifies as experience? I work as a management accountant and have done for the last 6 years or so [...] -
The full question here was: I want to start trading and need a good stock broker that will make me money to have returns without losing… GBG: It’s important to answer this question frankly. There [...]
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Which CFD broker provides the max leverage?
21st June 2018 Richard BerryMargin is not something we include in our comparison tables as it changes for every client and portfolio. The FCA is also not keen on brokers promoting excessive margin rates at the moment. It’s important [...] -
I’m looking for a CFD broker that will not take the other side of my index CFD trades
20th June 2018 Richard BerryThis really depends on what size you trade as most brokers in our index broker comparison tables tend to operate on a hybrid basis, hedging larger clients and not smaller ones. Brokers tend to take [...] -
Trader: I want to ask about the requirements for professional trading client status? could you explain a bit more about the £500k requirement? GBG: Hi. In what capacity? Risk capital or trade size? Trader: ESMA [...]
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What is ETX traderpro? CFD or Spreadbetting.
9th June 2018 Richard BerryTrade pro is their platform which you can either trade CFDs or spread betting on. When you opened the accounts you will have been given the option to choose. You should also see this when [...] -
Trader: I have been approached by a broker who I am suspicious of I have his number how do I find out if he is a licensed broker? GBG: You can check on the FCA [...]
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All brokers featured in our cryptocurrency comparison tables are regulated by the FCA. We do not include brokers we feel treat customers unfairly or have bad reputations in the industry. To read user reviews on [...]
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What are your thoughts on using a non-EU broker to avoid the ESMA regulations?
5th June 2018 Richard BerryGBG: it depends on your circumstances and what you are trading? But overall you lose a lot of protection from the FCA. User: I currently trade with IG. FOS and FSCS and negative balance protection, [...] -
Trade: Can I open an account without esma restriction in Australia(for exemple) even If I live in France and have benefit of high leverage trading? GBG: You may be better off opting to become an [...]
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Looking for platform with low leverage 1:3 low charges lpw spread. 100k to trade.
5th June 2018 Richard BerryA user asked: Looking for platform with low leverage 1:3 low charges lpw spread. 100k to trade. The answer is yes – ayondo offer an option to set your own leverage levels. You obviously can’t [...] -
Can you have 2 stocks and shares ISA accounts?
5th June 2018 Richard BerryA user asked: 1) I am using my stocks ISA with moneyfarm. Can i use some other broker to invest in stocks using the remaining ISA limit 2) Can i use plus500 for using stocks [...]