In this guide, we go over the best online brokers and trading platforms in the UK. We based our analysis on a variety of factors. We consider fees, security, ease of use, trading platform, regulation, customer support, and more. All the top trading platforms in the UK had to meet a certain threshold to be included in this list.
Table of contents
- What Is Stock Trading?
- How to Buy Stocks and Shares?
- How to Start Stock Trading (UK) and Pick Stocks
- List of the Best Trading Platforms (UK)
- Compare UK Trading Platforms
- 1. eToro
- 2. AvaTrade
- 3. Pepperstone
- 4. Interactive Brokers
- 5. XTB
- 6. IG
- 7. Swissquote
- What Are the Best Apps for Online Trading in the UK?
- Other Brokers to Consider
- What Should You Look for When Picking a Broker in the UK
- How to Start Trading With a UK Stock Broker
- How Do You Know If an Online Broker in the UK Is Safe?
- Is It Risky to Trade Stocks Online in the UK?
- The Best Shares Platform UK – Conclusion
- Best Trading Platform UK FAQs
- How do you choose the best UK trading platforms?
- What's the best online UK online trading platform for social trading?
- Who offers the cheapest online trading?
- What trading platforms can I use in the UK?
- How much capital do you need to start investing?
- What is the best UK trading platform for beginners?
- What do I need to open an account with a UK online stock broker platform?
- What is a diversified portfolio?
- Which UK trading platforms offer US shares?
- What is a free trading platform in the UK?
- What is a UK free trading platform UK traders are accepted to buy Bitcoin?
What Is Stock Trading?
Stock trading, commonly known as share dealing, is a way of buying and selling shares in companies that are listed publicly.
Publicly listed companies are those listed on a stock exchange, such as the London Stock Exchange or the New York Stock Exchange.
In order to be able to trade shares, you will need to open a stock trading account with an online investment platform or stockbroker.
You can also use an Individual Savings Account (ISA), General Investment Account (GIA), or Self-Invested Personal Pension (SIPP) to trade shares.
There are two methods when buying and trading shares (UK). You can either buy individual company shares directly (via a stockbroker) or invest in a fund, which merges your money with other investors' funds to buy lots of shares.
Investing in shares tends to be a cheaper and less risky option as you would be spreading the costs and potential risks with other investors involved. Your first opportunity to you will get to invest in shares is when they are created and offered to the public for the first time. This is commonly called Initial Public Offering (IPO) or ‘Going Public,' as the companies would go public to raise money to fund their undertakings.
After the shares are created, they can be bought or sold on the stock exchange. As this comes after the IPO, it is called the secondary market.
Most of the offline and online investment platforms (UK and international) allow you to invest in stocks and shares on a regular basis, for example, £20 a month, or occasionally, for example, a lump sum of £2,000).
Whether you opt for offline or online trading in UK to start trading in UK stock market, you will need the services of a UK share broker or a UK share dealing platform to buy shares. Shares brokers UK offer three types of services – execution-only, advisory, or discretionary.
How to Start Stock Trading (UK) and Pick Stocks
If you're a first-time investor, you may find it intimidating at first when deciding which shares to buy. To ensure you feel more confident when starting your trading journey, we've prepared some helpful stock-picking methods for you to use:
- Research – Investing in shares requires you to have some proper knowledge about the companies you want to invest in, and researching them is the best way to acquire such knowledge. There are some resourceful websites that may help you get to know the companies, for example, Interactive Investor, CNBC, Morningstar, and Hargreaves Lansdown. They provide financial research and analysis, company news, and commentary.
- Study economic cycles – The global economy will grow and scale down over time. When the economy is expanding, most sectors tend to thrive. However, when the economy is shrinking, its effectiveness worsens, and only specific sectors continue to prosper. Companies that are known for producing or selling basic essentials, such as food or pharmaceuticals, tend to do well in any economic circumstances. On the other hand, industries that provide non-everyday essentials tend to reflect the health of the economy. Comprehending these cycles is, therefore, essential in determining what to invest in and when.
- Think about what the future may hold – Making predictions about how the world will look like in, for example, 20 years and what changes may occur in particular industries can help you have a better idea of what shares to buy. Think about current phenomena, like climate change, and their impact on the economy to estimate what changes to anticipate in different economic sectors that may influence and potentially benefit your trading game.
- Consider investing in your favourite brands – Researching the brands you support, especially the ones that are globally recognized and loved, is a valuable and helpful step to take when deciding on which stocks to invest in. The biggest and most popular brands are the most profitable, therefore, it's worth taking them into account.
- Build a varied portfolio – When picking shares, investing in only one company may be risky. This is because if the company faces any troubles, you could lose all you invested. That's why it's better to build a comprehensive portfolio with various investment sources. Invest in multiple companies across different industries and in various geographics.
For more valuable tips about how to start investing in stocks, take a look at our beginner's guide to find more detailed information about it.
List of the Best Trading Platforms (UK)
We have conducted hours of thorough research in order to identify the best trading broker UK platforms that can best meet your needs as an investor. Here are some of the crucial factors that we have taken into account when collecting the list of the best UK trading apps:
• Fees and charges (including custody fee, cost per trade, frequent trade, and investment trusts fee)
• Ease of use
• Market research and education
• Investment choice
• Accounts on offer
• Demo account
The Best Online Share Trading Platforms UK for 2022 are:
- eToro – Best Online Trading Platform in the UK – Best Investment Platform UK
- AvaTrade – Best Forex Trading Platform UK
- Pepperstone – Low Trading and Non-Trading Fees Stock Platform UK – Cost-Effective Shares Broker (UK-Based)
- Interactive Brokers – Best Trading Platform UK for Advanced Day Traders
- XTB – Share Trading Online UK Platform for Well-Rounded Offering
- IG – Easy-to-Use Trading Platform in the UK
- Swissquote – Best Trading Platform in The UK for Specialized Services
Compare UK Trading Platforms
|Trading Platform||eToro||Plus500||AvaTrade||Interactive Brokers||XTB||Pepperstone|
|Regulation||FCA, CySEC, ASIC, FSAS||FCA, CySec, MAS, ASIC, FSA, FMA||FCA, ASIC, FSCA, FRSA, Israel Securities Authority, Financial Services Agency, Financial Futures Association of Japan||SEC, CFTC, FCA, NFA||FCA, CySEC, Fincancial Services Commission in Belize||ASIC, CySEC, FCA, SCB, DFSA, BaFin, CMA|
|Offering Of Investments||Stocks, ETFs, Forex, Crypto, Indices, Commodities||Shares, Forex, Commodities, Indices, Crypto, Options, ETFs||Forex, Stocks, Commodities, FXOptions, Cryptocurrencies, Indices, ETFs, Bonds||Stocks, ETFs, Options, Futures, Currencies, Cryptocurrencies, US Spot Gold, Bonds, Mutual Funds, Hedge Funds||Forex, Indices, Commodities, Stock CFDs, ETF CFDs, Crypto||CFDs on Forex, Crypto, Shares, Indices, Crypto|
|Minimum Deposit||$50 - $100||$100||$100||$0||$0||$0|
|Withdrawal Fee||$5||$0||$0||1 Free Withdrawal per Month||20 USD for withdrawals under 100 USD||$5|
|Inactivity Fee||$10/month||Yes||$50/month After 3 Months||No||$10 monthly after 12 months||$0|
|Deposit Methods||PayPal, Skrill, Neteller, Credit Card, Debit Card, Rapid Transfer, iDEAL, Klarna / Sofort Banking, Bank Transfer, Online Banking - Trustly, POLi||PayPal, Skrill, Credit Card, Debit Card, Bank Transfer||Credit and Debit Cards, Wire Transfer, e-payments||Bank Wire, Credit Cards, ACH, Mail a check, Rollover, Online Bill Pay, Trustee-to-Trustee, SEP Contribution||Bank Transfers, Credit and Debit Cards, Skrill||Credit/debit cards, Bank/Wire Transfer, PayPal, Neteller, Skrill, UnionPay|
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
eToro is a world-leading social trading broker and the best UK brokerage account that offers zero-commission trades for stock to its clients. This makes it an excellent choice for UK residents seeking to invest in a wide range of markets.
This online share broker (UK) has a user-friendly, free trading UK platform. This makes eToro attractive for beginners who may not be used to complex trading central environments such as those featured by Metatrader or other advanced platforms. eToro offers a demo account or practice account. Demo accounts are an excellent way for traders to try out the platform before investing.
The social-media-like environment provided by eToro’s interface allows traders within the web trader platform to connect and exchange ideas, and experiences, and copy their portfolios by using a tool known as Copy Trader.
eToro allows traders to buy shares and sell shares of thousands of companies worldwide listed in 17 different exchanges, including the New York Exchange, the London Exchange, and the Frankfurt Exchange.
eToro offers the following markets:
- 173 exchange-traded funds
eToro charges 0% commissions for trading real shares. Other fees may apply, including inactivity fees and overnight fees. There are no management or ticketing fees. Stocks and shares can be traded direct, or they can be traded via CFDs. eToro’s fees for CFDs are low compared to other share dealing accounts.
|Regulated by tier-1 jurisdictions, including the United Kingdom and Australia (Australian Securities and Investments Commission)||Market Research Tools|
|You can open a share dealing account with eToro in a few minutes by registering online||Education|
|Zero-Commission Real Stocks||A $5 platform fee applies to each withdrawal, and there’s a minimum amount of $30 per withdrawal|
|The social trading/copy trading feature|
|13 years of positive track record|
|One of the most user-friendly platforms in the industry and it features more than 70 charting tools|
|No Deposit Fees|
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
AVA Trade EU Ltd was founded in 2006 and provides CFD and forex trading services. The firm is headquartered in Dublin, Ireland, and its holding company is registered in the British Virgin Islands. AvaTrade is serving more than 200,000 active investors and executing over 2 million trade orders per month.
AvaTrade features a straightforward account opening process and the possibility to use third-party stock trading platforms such as Metatrader 4. There are no deposit or withdrawal fees. Bank account transfers and credit card deposits are available. It is possible to open a demo account and test the platform.
There are a variety of financial assets available through CFDs.
The portfolio of CFDs available on AvaTrade includes:
- 56 Currency Pairs
- 17 Cryptocurrencies
- 630 individual stock CFDs.
- 20 stock index CFDs.
- 2 Bonds CFDs.
- 5 ETF CFDs.
- 17 Commodity CFDs.
Avatrade lowered its fees in November 2019. The inactivity fee is charged if the user doesn’t log into the share trading platforms account for three months ($50 per quarter).
|Authorised and Regulated by top-tier authorities||Limited customization for the web-based platform|
|Great charting and trading tools|
|Great fees when considering all costs|
|AVA Trade EU Ltd is authorised and regulated by the Central Bank of Ireland (No.C53877)|
|AVA Trade Ltd is regulated by the B.V.I Financial Services Commission (No. SIBA/L/13/1049)|
|Serving over 200,000 clients across the globe|
|Social trading available|
|Five Currencies Available|
|No minimum withdrawal amount|
|One of the Apps (AvaTradeGO)|
Pepperstone is a world-renowned online broker founded in 2010 and headquartered in Australia. Top-tier regulators regulate them, such as ASIC, CySEC, FCA, SCB, DFSA, BaFin, and CMA.
The minimum deposit at Pepperstone is $0. They charge a $5 withdrawal fee and no inactivity fees.
They are best known for their low spreads and great educational resources. Peppersotne offers MetaTrader 5, MetaTrader 4, cTrader, and social trading through DupliTrade.
Pepperstone offers Forex, Indices, Commodities, Share CFDs, ETFs, Currency Indexes, and Cryptocurrencies.
If you're looking for the cheapest investment platform (UK-based), Pepperstone is one of the best stockbrokers (UK). It has low fees and some of the lowest spreads in the industry. For example, trading the GBPUSD pair costs a minimum of 0.0 and 0.59 average spread (Razor Account) and a minimum of 0.6 and 1.19 average spread (Standard Account).
Fees charged by Pepperstone are on the lower end. This is useful for day trading. Compared to the industry average, the trading fee for a $2,000 long position on the S&P 500 index held by a week may generate a $2 platform fee. The same position for the Europe 50 index may generate a $1.6 fee.
This is for sure an important competitive advantage of Pepperstone. The fees may be lower for high-volume day traders who sign up for their Razor account.
|Low Spreads||Bank Withdrawal Fee Outside EU/Australia ($20)|
|Copy Trading Through cTrader|
4. Interactive Brokers
Interactive Brokers fees charged for shares and ETFs are lower than average, and this stock broker (UK-based) offers a neat web platform and trading app for its users. IBKR doesn’t require a minimum deposit to open an IB account, though a minimum of $2,000 is required to trade on margin.
Another great thing about Interactive Brokers is that it is at the top and so are their educational materials. They are offering investors the opportunity to learn from a wide range of tools, including webinars, an in-house academy, and a series of short videos that cover various topics about online trading. IB charges no deposit fees, and the first withdrawal of each month is free.
Interactive Brokers provide investors with access to 140 exchanges worldwide, making it the biggest investment option for stocks in the industry.
Interactive Brokers covers 78 stock exchanges and offers 13,000 different ETFs, and allow retail investors to pour their money into the stock market through fractional shares, which entitles the investor to a portion of a stock in a business that has a high share price.
IB’s fees for share trading are low compared to its competitors as this brokerage firm charges $0.005 per US-listed share with a $1 minimum and a maximum platform fee of 1% of the value of the trade.
On the other hand, IB offers two types of plans for stock traders. The fixed-rate plan charges a flat fee for share trades, while the tiered plan adjusts the fees depending on the monthly volume of trades. A high volume entitles the trader to a lower fee.
It is important to note that the cost of trading shares in other markets around the world is lower compared to other brokerage firms, but higher than IB’s fees for US-listed stocks. Generally, it ranges from 0.1% to 0.2% for trading shares in a minor stock market.
|Incredible portfolio covering basically all financial instruments and a wide range of financial markets||Opening an account with IB takes longer compared to other platforms|
|Interactive Brokers is regulated by the US Securities and Exchange Commission (SEC) and the FCA (UK)||Somewhat complex desktop share dealing platform|
|Great research tools available|
|$0 Minimum Deposit|
|No deposit fees are charged and the first withdrawal of the month is free|
XTB is one of the UK's best CFD brokers, and it is a company listed on the Warsaw Stock Exchange and regulated by the Polish Financial Supervision Authority (KNF). This CFD online broker is best known for charging low fees for stock index CFDs and requiring a low minimum deposit of $250.
XTB allows specific European clients to trade real stocks and ETFs, and, unfortunately, UK residents are not among those permitted.
The wide selection of stock CFDs provided by XTB should compensate for such a disadvantage.
XTB offers 1,700 different stock CFDs that cover a wide range of international markets. XTB offers a portfolio comprised of 103 ETF CFDs and 42 stock index CFDs.
For countries that are allowed to, this brokerage firm offers access to 17 different stock markets and 170 real ETFs.
The fees are estimated as the average spread cost associated with each CFD transaction.
In this context, XTB fees are on the low end compared to the industry average. They are charging an average spread of 0.6 for S&P500 CFDs and 2.2 for Europe 50 CFDs.
XTB offers two types of accounts – Standard and Pro – designed with different cost structures.
|XTB offers a wide range of stock, stock index, and ETF CFDs||Real shares cannot be traded|
|There are two types of accounts that offer different fee structures|
|Opening an account is very easy and can be done online|
|Withdrawals are free and no deposit fees are charged|
|User-friendly and easy to use interfaces|
|Research tools offered by the xStation 5 platform are decent and include a great news flow, trading ideas, and 35 technical indicators|
UK residents have the possibility of trading real shares online with IG, along with many other of its products, including CFDs, Forex pairs, and options. IG’s interface is easy for beginner traders, and it features a decent amount of research tools and educational materials, including platform tutorial videos, webinars, and educational videos.
The minimum deposit is $300 to open an IG account if the deposit is made via credit, debit card, or PayPal. A $0 minimum is required if the payment method is a bank account transfer.
IG’s portfolio of CFDs comprises 68 stock indexes, 10,500 stocks, and 1,900 ETFs, while UK residents can buy or sell shares from 8 different stock markets and almost 2,000 ETFs.
Fees for stock CFDs with IG are higher than average, but stock index CFDs can be traded at a low cost.
On the other hand, the minimum fee for share trades varies depending on the volume of trades per month. They start at £8 per trade if the trader made two trades the previous month and £3 if more than three trades were made.
For U.S. shares, the cost of trading is $0.02 per share with manual currency conversion and free if the trader made more than three trades the month before with instant currency conversion.
For shares listed in other stock exchanges around the world, the cost per trade is 0.10% of the value of the trade.
For ETFs, the cost varies from 0.17% to 0.19% of the value of the trade.
|No withdrawal fees and no deposit fees charged||Phone support is reportedly lacking in quality|
|Great mobile trading app||No fundamental data is available for individual shares|
|Low fees to trade real shares and ETFs|
|A wide selection of stock CFDs and real stocks to trade|
|Research tools include trading ideas and high-quality news flow|
|An account can be opened with $0 if the payment method is a bank transfer|
Swissquote provides a wide range of services aside from stock trading, and it is mainly targeted at asset managers and high-net-worth clients. Swissquote considers itself a “global trading platform” as it serves countries on all continents of the world, and it is one of the best choices for sophisticated investors who are willing to pay above-market fees to buy shares online to enjoy the VIP service offered by this platform.
Swissquote offers trading on 60 exchanges around the world, which puts it at the top of the list in terms of portfolio variety.
Swissquote offers 1,500 different ETFs from different countries and exchanges and allows investors to trade penny stocks listed in the US stock market.
Trades with Swissquote are expensive compared to other platforms available in the UK. The reason for that is that this share dealing platform caters to sophisticated investors who are seeking high-quality service, not trying to save a bit on transaction costs.
The volume of each trade affects the ultimate amount paid in fees which makes it difficult to determine a referential fee per trade. The range goes from $9 for trades valued at $500 or less to $190 for trades valued at $50,000 or less for major markets.
For minor markets or less liquid markets, Swissquote charges a commission fee per stock starting at 0.50%.
|Incredible portfolio covering more than 60 stock exchanges around the world||High stock and ETF fees|
|No inactivity platform fee||Credit/debit card withdrawal is not available|
|This platform is backed by a bank and it is regulated by various tier-1 jurisdictions||Charges a $10 fee per withdrawal|
|No minimum deposit required|
|Many base currency accounts available|
|Wide range of available educational videos|
|Great user-friendly platform and mobile app|
What Are the Best Apps for Online Trading in the UK?
Most online brokers offer trading apps, enabling traders to trade on the go. This is a list of the best mobile trading apps in the UK:
- AvatradeGO – Best trading app UK
- eToro – Best trading app for beginners in the UK and copy traders
- Interactive Brokers App (IBKR Mobile)
- XTB xStation trading app
Other Brokers to Consider
- Hargreaves Lansdown – this Bristol-based financial service company offers funds and share dealing accounts to retail investors. Hargreaves Lansdown is listed on the LSE and is part of the FTSE 100 Index. The HL platform allows investors to hold multiple assets under a single account. UK investors have ISA, SIPP, fund and share dealing accounts available through one interface.
- Saxo Markets – this Danish investment bank offers its online trading services through Saxo Markets UK Ltd, based in London. Saxo Markets was founded in 1992 and offers online brokerage services to clients in 180 countries across the globe. Saxo Markets offer their platform on a white-label basis to over 100 financial institutions. Saxo Markets is well-known in the industry and has received multiple awards.
- Interactive Investor – based in the UK, part of Interactive Investor Limited, this online investment service provides financial information and is the largest flat-fee broker in the UK. Interactive investor serves more than one million users.
What Should You Look for When Picking a Broker in the UK
Picking the right share trading broker account (UK-based) is important for trading in the UK. Depending on which one you choose, there are many variables that come into play. Look for the following:
- Available stocks – each company has a specific list of stocks and shares that you are allowed to trade depending on their coverage and the degree of access they provide to global exchanges. Some do not offer the possibility of buying shares directly, as you can only trade them via CFDs, which are financial contracts that do not entitle the holder to any kind of ownership of the underlying shares.
- Margin accounts and leverage – a margin account allows you to take on debt to trade UK shares online, and the level of leverage may be different, so you should make sure the best brokerage UK firm you choose offers you the leverage ratios you are looking for.
- Customer support – customer support is something you don’t think you need until you run into an issue. For that reason, best-rated stock platforms offer top-notch customer service to address any issue investors may face during their journey.
- Types of orders – having various types of trade orders available is a positive feature. It allows you to prevent losses and lock in profits by using certain price points at which you can exit a given position. These orders can include stop-loss orders, limit orders, market orders, stop-limit orders, AON orders, IOC orders, take profit and others.
- Security – your money and your personal information should be safe from unauthorized access. You should make sure the company has a positive track record in this particular topic.
- Research tools – you may not have the best idea every single day, and that’s when research tools are useful. Your broker should offer certain technical analysis tools. Best platforms offer market news, real-time data and real-time alerts.
- Education & training materials – the availability of educational material from your online brokerage firm can be a great asset to help you in improving your skills and ultimately the profitability of your trades.
- Costs – each brokerage firm has its own platform fees and commission structure and you should understand how much you will be paying every time you buy shares and stocks.
- Interface and ease of use –traders spend a lot of time in front of the computer screen analyzing charts and looking at different kinds of information before making trades. For that reason, a user-friendly interface is an important feature your broker should be able to offer to trade stocks online. The
- Mobile app – smartphones have revolutionized the online trading industry. Any broker that earns a fee should be able to provide a decent app for traders to be able to trade shares online on the go.
- Extra features – each online stock broker has its own way of presenting itself to traders as the ‘best.’ They often do this by introducing some convenient features their competitors do not offer.
How to Start Trading With a UK Stock Broker
Once you've chosen the best UK broker for your trading needs, you will need to go through the process of opening an account, making a deposit, and placing your first trade. Here's how you can start the process in a few simple steps:
- Confirm your identity. An FCA-regulated trading platform will require you to provide your proof of identity. Identity verification is needed to meet anti-money laundering (AML) regulations.In order to do this, you will need to upload:• Valid ID card, passport, or driver's license• Bank account statement or a utility bill (issued within the last 3 months)
- Make a deposit. You can use a demo account first to get comfortable with how the trading platform operates. Once you're ready to trade with real money, you can make your first deposit using one of the following payment methods:• Visa• Mastercard• Maestro• Bank transfer• PayPal• Skrill• Neteller
- Search for a trading market. As soon as your deposit is processed, you can start looking for a trading market. Click on the ‘Trade Market' buttons on the dashboard to see supported assets. Once you've found an asset you want to trade, search for it.
- Place a CFD trade. Next to your selected asset, you will find the “Trade” button. Click on it and fill in the following information in the order box:• Buy/Sell: If, in your opinion, the asset will rise in value, click “Buy.” On the other hand, if you think it will fall in value, place a sell order.• Amount: Enter your stake value in the ‘Amount' box• Leverage: Apart from digital currencies.
You can also place stop-loss, trailing stop-loss, and take-profit orders on your trade. To finish your trade, click on the “Open Trade” button.
How Do You Know If an Online Broker in the UK Is Safe?
There are various ways to evaluate this.
You should ensure the investing broker (UK) is regulated by a tier-1 financial jurisdiction such as the United States, Singapore, Australia, or the United Kingdom.
It would be a plus if the brokerage is registered and licensed by the Financial Conduct Authority (FCA), the UK’s financial regulatory body.
You can review an online broker’s credibility by checking how other traders have reviewed their services.
Certain online share brokers (UK) are stock exchange-listed companies, which adds more credibility to them as listed companies have to go through more intense regulatory scrutiny.
You should understand that by stock trading, your capital is at risk as you can lose your entire balance due to unfavourable outcomes from your trades. Losing money by trading stocks is not something your broker can or is obligated to prevent.
Is It Risky to Trade Stocks Online in the UK?
If you're a trader, the biggest risk you take is making bad trade decisions. This may be caused by the fact that you're not educated well enough on how to trade stocks, or you go for schemes that tell you you should get a lot of money back very fast.
Apart from avoiding those “get rich quick” schemes, there are also other ways to manage the risk related to trading online:
• Operate with a trading strategy. Make sure you're consistent with a strategy rather than “going with the flow,” as having a structured system is a key factor when it comes to trading.
• Manage your money properly. Have a clear understanding of how much of your funds you're willing to risk with each pot, as well as how to use stop losses. It's much easier to lose money than it is to make it back. The common rule of thumb is that for every pound to lose, you have to invest double the amount to make it back.
There are many stock trading UK platforms that offer various beneficial features for both beginner and experienced investors. Above, we have listed 8 of the best shares trading UK platforms that will meet your investment needs, no matter your circumstances and preferences.
If you're looking for a social UK trading platform that will allow you to make commission-free trades is eToro, which also works exceptionally well for trade mirroring. Among the best investing platforms (UK) that feature great speed, low prices, and clear regulations, as well as have many handy tools are, for example, AvaTrade and Pepperstone. If you're only just beginning your journey with online trading, Hargreaves Lansdown will be a suitable alternative for you.
There are also many other options for you to choose from that will certainly help you reach your investing goals. Select the best UK trading broker today and start your journey with investing.
Best Trading Platform UK FAQs
How do you choose the best UK trading platforms?
Selecting the best UK trading platform will depend on your personal circumstances – your financial goals and aspirations. For example, if you're saving for retirement, you will need a SIPP account. However, if you're looking for a tax-efficient way to grow your wealth, you will require a Stocks and Shares ISA, and then you will need to ensure that the dealing platform you choose has a suitable range of investment options as well as compare the prices charged by different providers.
One of the world's pioneering trading platforms for social trading is eToro which has an array of social features. These include, for example, copy trading, which allows you to copy successful traders. What's more, The Popular Investor program encourages successful traders onto the trading platform by incentivizing them with rewards of up to 2% of their assets under management.
Who offers the cheapest online trading?
One of the best cost-effective share dealing providers is Freetrade which offers zero-commission trading. It also guarantees free stock when you open an account and deposit for the first time. Your stock's value can be anywhere from £3 to £200, and this is what possibly makes Freetrade a great option when it comes to cheap online trading platforms.
What trading platforms can I use in the UK?
There are multiple UK trading platforms you can use in the UK. Identifying the most suitable option for you should be based on your individual circumstances and needs. Here at Public Finance International, we have collected the best UK brokers who cater to UK customers' needs, so it is simply a matter of choosing the one from our list that suits you best.
How much capital do you need to start investing?
You can start investing even with as little as £1 on your selected online trading platform. The starting amount will depend on the platform you choose and the minimum investment amount they require. Make sure to familiarize yourself with the fees associated with your selected online trading platform, as they can soon affect your investment capital if you're starting with a small amount.
What is the best UK trading platform for beginners?
If you're looking for the best online stock trading platforms in the UK, you should opt for those that are low-cost, commission-free, and offer lots of research and tips.
Among the best UK trading platforms for beginners are Freetrade, InvestEngine, eToro, Interactive Investor, Fineco Bank, and AJ Bell.
What do I need to open an account with a UK online stock broker platform?
In order to open an account with an online trading platform in the UK, you will need to provide certain documents depending on the trading app you choose.
Most UK trading websites will require:
• Your full name
• Your valid ID document
• Your e-mail address
• Your phone number
• Your national insurance number
• Your bank account details
What is a diversified portfolio?
A diversified portfolio includes a mix of stocks from various companies of different sizes and sectors from all around the globe. Having a diversified portfolio in place ensures that if one sector were to experience a sudden fall in value, the other sources in your portfolio would be strong enough to prevent you from losing a significant amount of assets.
Many stock brokers (UK-based) now offer access to US shares. However, as most of the UK stock platforms charge premiums when you buy non-UK assets, you may need to keep an eye on the additional fees. However, eToro allows you to buy hundreds of US shares on a commission-free basis, therefore, it might be the best UK broker for US stocks.
What is a free trading platform in the UK?
The best place to buy stocks (UK) is eToro which is the best broker (UK-based) that offers commission-free trading. It provides zero commission on traditional stocks, EFTs, cryptocurrencies, as well as all CFD markets. This online broker (UK-based) also waives the 0.5% stamp duty tax, payable on UK stock purchases.
What is a UK free trading platform UK traders are accepted to buy Bitcoin?
Even though the FCA banned crypto-CFDs in January 2021, you are still able to buy digital currencies in the traditional way. eToro is the trading website (UK) that offers Bitcoin and over 60 other cryptocurrencies with zero commission, with the minimum investment standing at only $25.
How much leverage do stock market trading UK platforms offer?
Best brokerage accounts (UK-based) are capped to leverage of 1:30 on main currency pairs and less on other assets. In order to trade stocks with leverage, you will need to use a platform that offers CFD markets.
Yes, if you have any gains from share dealing on a UK trading platform, you are required to pay tax at your normal rate unless you are share dealing from within a tax wrapper.
What is a self-select ISA?
A self-select ISA is a type of investment ISA that gives you the freedom to select the specific investments that make up your portfolio. Depending on the provider you pick, you'll have the chance to either choose individual investments and manage your portfolio or select from a variety of ready-made portfolios.
What types of assets can be held within a self-select ISA?
When you open a self-select ISA with an online share trading platform, you can invest in various assets. These assets include stocks and shares, funds, gilts, unit trusts, Investment Trusts (ITs), Exchange-Traded Funds (ETFs), Open-Ended Investment Companies (OEICs), and structured products.