Use our interactive tool to find UK trading platforms that offer a variety of asset classes across various markets. We review licensed and regulated brokers that provide UK traders access to stocks, forex and crypto, among other financial instruments.
This guide provides an in-depth analysis of online brokerage firms in the UK that are regulated by the FCA (Financial Conduct Authority). The purpose of this guide is to help UK traders to better understand the options that are available, so that they can make informed trading decisions.
There are numerous platforms online that present varied features and access to different asset classes. We spent time reviewing 14 UK trading platforms and online brokers that can be used to trade a variety of assets. Our findings are presented below in a series of mini reviews that outline the main features that each platform has to offer, the type of trading that each platform is suitable for and the platform fees.
To provide valuable information that could help readers to better understand different UK trading sites, we spent time carefully reviewing each platform. During our reviews, we looked at regulation, fees, platform features and asset availability. It is possible to find this information on the broker’s website. Regulatory status should be clearly displayed with proof of certification and fees should be evidently disclosed. To better understand how we ranked each platform, here is an overview of the ranking criteria that was used.
A trading platform is an online application that facilitates the buying and selling of financial instruments, such as stocks, bonds, commodities, and derivatives. Trading platforms serve as a bridge between traders and the market, enabling them to place orders, analyze market data, and execute trades. These platforms may be provided by brokerage firms, banks, or other financial institutions, and can be accessed through various devices, including desktop, smartphones, and tablets.
Most trading accounts allow traders to view real-time market prices, monitor their investments, and access technical analysis tools. This provides a comprehensive view of the market, displaying price charts, order books, and trade history. Traders can customize their trading platform according to their preferences, such as adding specific indicators and setting up alerts for price movements.
Trading platforms also offer different types of orders, allowing traders to place market orders, limit orders, stop orders, and more. They provide access to a range of financial markets, including domestic and international exchanges. In addition to executing trades, some platforms also offer research and educational resources to help traders make informed decisions.
Making investments through a trading platform comes with a high level of risk and is not recommended for beginners. However, less-experienced traders should look for a platform that is user-friendly, offers educational resources, and provides a supportive community.
A user-friendly interface is essential because it makes the platform easy to navigate. Users shouldn’t have to spend hours trying to figure out how to execute a basic trade. A good trading platform will have a simple design with clear instructions, making it easier for traders to understand and use.
A good trading platform will provide a wealth of educational materials such as tutorials, videos, webinars, and articles that cater specifically to new traders. These resources should cover the basics of trading, including terminology, strategies, and risk management.
A good trading platform will also provide excellent support services and the opportunity to connect with others. This can help less-experienced traders seek advice and learn from other platform users.
Take the above into consideration when reading through the following mini-reviews. This could help you to decide which platforms are suitable for beginners.
The UK stock market is one of the largest and most liquid in the world, with a total market capitalisation of £4.4 trillion as of June 2022. With so many trading sites available in the online arena, knowing which provider to sign up with can be challenging.
In the following section, we will review each online brokerage to help you find the platform that is most suitable for your needs.
Launched in 2007, eToro is an online broker with more than 27 million clients as of Q2 2023. This platform allows users to trade over 5000 instruments including stocks, ETFs. indices, cryptocurrencies, mutual funds, and more.
The platform is well-known for providing a market-leading social trading feature that makes it possible to interact with other traders and gain insight into trades that are being placed.
eToro Fees
Fee | Amount |
Stock trading fee | Commissions |
Forex trading fee | Spread, 2.1 pips for GBP/USD |
Crypto trading fee | 1% commission |
Inactivity fee | $10 a month after one year |
Withdrawal fee | $5 |
What we like:
What we don’t like:
{etoroCFDrisk} % of retail investor accounts lose money when trading CFDs with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
XTB Online Trading (XTB) went public in 2016, listing under the ticker symbol XTB on the Warsaw Stock Exchange. XTB has been steadily making inroads, currently offering access to various markets such as forex, shares, indices, metals, commodities, and cryptocurrencies. It is regulated by the Financial Conduct Authority (FCA #522157) and is registered with the Polish Financial Supervision Authority (KNF).
XTB is a good option for active traders because it is compatible with the MT4 charting tool. MetaTrader is considered to be one of the best charting systems that offers an extensive range of indicators, APIs, automated tools, and more.
XTB Fees
Fee | Amount |
Stock trading fee | 0.03% |
Forex trading fee | Between 0.05 – 1 pips incorporated into spread |
Crypto trading fee | $4 |
Inactivity fee | After 12 months €10 |
Withdrawal fee | 1.5% with credit cards |
What we like:
What we don’t like:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.
AvaTrade is a reputable online broker that offers a variety of trading options for traders all around the world. Founded in 2006, the broker is regulated by multiple financial authorities, including the Central Bank of Ireland, the Financial Services Commission of the British Virgin Islands, and the Australian Securities and Investments Commission.
AvaTrade provides its clients with access to a wide range of financial instruments, including forex, stocks, commodities, and cryptocurrencies. The broker also offers a user-friendly interface, educational resources, and top-notch customer support to provide help and assistance to users on their trading journey.
AvaTrade Fees
Fee | Amount |
Stock trading fee | Commission in spread between 0.1 – 2% markup across different assets |
Forex trading fee | Between 0.5 – 1.6 pips incorporated into spread |
Inactivity fee | After 3 months £50 |
Withdrawal fee | 1.5% with credit cards |
What we like:
What we don’t like:
There is no guarantee that you will make any profits with this provider. Your money is at risk.
Admiral Markets was established in 2001 and considers themselves as a trading and investment ecosystem. The brokerage account has a variety of features and offers users the possibility to trade and invest in over 8000 different market instruments.
These comprise of CFDs for forex, commodities, indices, stocks, ETFs and bonds. Admiral Markets has many account types that offer different trading instruments, and varied parameters for leverage, account currencies and deposit & trade amounts.
Users will want to evaluate which account type is best suited to their requirements before signing up. Admiral’s trading platform connects through both MetaTrader 4 and MetaTrader 5, and also offers spread betting exclusively to UK clients.
Admiral Markets Fees
Fee | Amount |
Stock trading fee | $0.02 per US share, 0.1% – 0.15% for other markets |
Forex trading fee | £1.4 – £2.4 per 1.0 lots / Zero.MT4 account type spreads start from 0 pips |
Inactivity fee | €10 per month after 24 months of inactivity |
Withdrawal fee | One free withdrawal request per month for all payment methods and 1% thereafter. For bank transfer 10 EUR/USD/GBP/CHF thereafter. |
What we like:
What we don’t like:
74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Pepperstone is a popular platform for CFD trading and spread betting. The platform is most suitable for experienced traders who are looking to implement an active strategy.
To support this, Pepperstone provides access to MT4, MT5 and cTrader. The broker also offers a demo account as well as live market data.
Pepperstone Fees
Fee | Amount |
Stock trading fee | $0.02 per US stock |
Forex trading fee | Spread, 1.59 pips for GBP/USD |
Crypto trading fee | Spread, 50 pips for Bitcoin |
Inactivity fee | Free |
Withdrawal fee | Free |
What we like:
What we don’t like:
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.3% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Trade Nation is a regulated broker that offers spread betting, CFD trading, forex trading and access to major indices.
Traders can choose between the TN Trader platform or MT4 to conduct analysis and place trades. Trade Nation is available on both desktop and mobile for a seamless trading experience that suits all traders.
The platform provides traders with numerous educational resources and charting tools to help users make informed trading decisions. Trade Nation also provides real-time market insights from experts. Users can access Trade Nation’s customer support services 24/5.
Trade Nation Fees
Fee | Amount |
Stock trading fee | Variable spread. 0.1% for UK stocks, 0.2% for European |
Forex trading fee | Variable spread. 0.8 pips average for GBP/USD |
Inactivity fee | None |
Withdrawal fee | Free |
What we like:
What we don’t like:
77% of retail investor accounts lose money when trading CFDs with this provider.
Eightcap is a relatively new broker that has quickly become the go-to choice for many online traders. For starters, it offers a fantastic range of assets, including CFDs for forex, indices, stocks and commodities, so it accommodates traders of all preferences.
Another highlight is that Eightcap is compatible with both MT4 and MT5, allowing users to have access to the wide range of advanced trading tools available on these two platforms.
Eightcap Fees
Fee | Amount |
Stock trading fee | From 0 pips + £3.5 commission, or from 1 pip and no commission |
Forex trading fee | From 0 pips + £3.5 commission, or from 1 pip and no commission |
Crypto trading fee | From 0 pips + £3.5 commission, or from 1 pip and no commission |
Inactivity fee | Free |
Withdrawal fee | Free |
What we like:
What we don’t like:
There is no guarantee that you will make any profits with this provider. Your money is at risk.
For traders looking to create a portfolio that covers both UK and international assets, Fineco Bank could be the way to go. Fineco Bank offers a huge library of financial markets. This covers traditional assets, like stocks, ETFs, and funds. Not only does this include companies on the FTSE 100 and FTSE 250, but AIM stocks, too.
Further afield, Fineco gives access to dozens of non-UK exchanges. This includes markets in the US, Canada, Asia, Europe, Australia, and more. For traders interested in a shorter-term day trading strategy, Fineco offers thousands of CFD markets. As well as stocks, this includes forex, hard metals, energies, indices, and more.
Fineco Bank Fees
Fee | Amount |
Stock trading fee | £2.95 per trade in UK stocks |
Forex trading fee | Variable spread |
Crypto trading fee | N/A |
Inactivity fee | Free |
Withdrawal fee | Free |
What we like:
What we don’t like:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63.28% of retail investor accounts lose money due to CFD trading 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.
IG Trading is a UK trading platform that supports long-term trading. Launched in 1974, the brokerage firm is one of the most established in the UK trading scene. In fact, the platform is listed on the London Stock Exchange with a market valuation of approximately $3 billion. By opening an account with IG, traders will have access to thousands of traditional assets.
IG Fees
Fee | Amount |
Stock trading fee | £3 per trade in UK stocks |
Forex trading fee | Spread, 0.9 pips for EUR/USD |
Crypto trading fee | Spread, 40 pips for Bitcoin |
Inactivity fee | $18 for two years of inactivity |
Withdrawal fee | Free |
What we like:
What we don’t like:
There is no guarantee that you will make any profits with this provider. Your money is at risk.
Like IG, Hargreaves Lansdown is a long-standing, reputable UK broker. It’s slightly different from newer online platforms in that it’s mainly focused on stock trading and investing.
Hargreaves Lansdown offers a wide range of services – share dealing accounts, stocks, and shares ISAs, including stocks ISAs, lifetime ISAs, junior ISAs, and cash ISAs, and pensions. Traders can invest in everything from stocks and ETFs to investment trusts, funds, bonds, and gilts. There’s a huge range of shares, ETFs, and funds to choose from, allowing users to invest in companies from all around the world.
Hargreaves Lansdown Fees
Fee | Amount |
Stock trading fee | Variable spread |
Forex trading fee | N/A |
Crypto trading fee | N/A |
Inactivity fee | Free |
Withdrawal fee | Free |
What we like:
What we don’t like:
There is no guarantee that you will make any profits with this provider. Your money is at risk.
Saxo Markets is authorised by the UK Financial Conduct Authority (FCA) and is a popular trading platform for CFDs. Users can trade forex, ETFs, CFDs, commodities, futures, forex options, listed options, stocks, and bonds, with Saxo Markets offering up to 1:30 in leverage.
Saxo Markets also offers its own proprietary charting tools: SaxoTraderGO and SaxoTraderPRO. The difference between them is that the PRO version allows the possibility to place algorithmic orders.
Saxo Markets Fees
Fee | Amount |
Stock trading fee | £5.00 for UK stocks |
Forex trading fee | Spread, from 0.8 pips in EUR/USD |
Crypto trading fee | N/A |
Inactivity fee | In the UK, £25 after one-quarter of inactivity |
Withdrawal fee | Free |
What we like:
What we don’t like:
There is no guarantee that you will make any profits with this provider. Your money is at risk.
Interactive Brokers is a popular brokerage for active traders who are looking to implement advanced trading strategies. This is because the platform comes packed with an abundance of supported markets and trading tools. Interactive Brokers gives you access to more than 135 markets in 33 countries. This means investors can trade stocks listed in the US, Canada, Europe, Asia, and more.
Interactive Brokers Fees
Fee | Amount |
Stock trading fee | $0.02 per US stock |
Forex trading fee | Spread, 1.59 pips for GBP/USD |
Crypto trading fee | Spread, 50 pips for Bitcoin |
Inactivity fee | Free |
Withdrawal fee | Free |
What we like:
What we don’t like:
There is no guarantee that you will make any profits with this provider. Your money is at risk.
Fees aren’t the only thing you’ll need to consider when choosing the right trading platform for you. Let’s take a look at how UK brokers match up in terms of tradable assets, software, and features.
Trading Platform | Assets | Software | Features |
eToro | Shares, ETFs, forex, commodities, indices, cryptocurrencies | Proprietary | Social trading, copy trading, CopyPortfolios |
XTB | Forex, shares, indices, metals, commodities, cryptocurrencies | Proprietary xStation5, MT4 | Market news, market calendar, live webinars |
AvaTrade | Forex, stocks, indices, commodities, options, ETFs, bonds | Proprietary web & mobile platform, MT4, MT5 | Social trading, copy trading, spread betting, options trading, education articles & videos |
Trade Nation | Indices, forex, stocks, commodities | Proprietary TN Trader, MT4 | Insights hub, trading tools, market information, dividend projections |
Admiral Markets | CFDs for forex, commodities, indices, stocks, ETFs and bonds | MT4, MT5, MetaTrader Supreme, proprietary mobile webtrader | Fractional shares, spread betting, StereoTrader panel access in MetaTrader, education & tutorials, vast analytics section |
Eightcap | Shares, ETFs, forex, commodities, indices | MT4, MT5 | Economic news, market analysis |
Fineco | Shares, ETFs, forex, indices, futures, funds | Proprietary | Technical analysis, historical reports, multi-charts |
IG | Shares, ETFs, forex, commodities, indices, options, futures | Proprietary, MT4, ProRealTime | Spread betting, free signals, algorithmic trading |
Hargreaves Lansdown | Shares, ETFs, funds | Proprietary | Ready-made portfolios, expert insights |
Pepperstone | Shares, forex, commodities, indices | cTrader, MT4, MT5 | Spread betting, market analysis |
Saxo Markets | Forex, ETFs, CFDs, commodities, futures, forex options, listed options, stocks, bonds | SaxoTraderGO, SaxoTraderPRO | Algorithmic orders, one-click trading, options chains, charting packages. |
Interactive Brokers | ETFs, mutual funds, stocks, futures, options, forex | IBKR Trading Platform, Workstation | OptionTrader and Probability Lab for simplified single and complex multi-leg option trading |
{etoroCFDrisk} % of retail investor accounts lose money when trading CFDs with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
After reading through our mini-reviews, you may have noticed that not all online brokers offer the same services, features, or instruments. In the UK, there are several different online brokerages available and the best ones for you will depend on your strategy and goals.
For those looking to build a long-term stock portfolio, it is best to look for a stocks and shares broker that facilitates a long-term strategy. These platforms often provide tools for portfolio management, ready-made investment portfolio options, and professional advisors who can offer advice for building wealth over time.
The best brokers for long-term stock investing will also offer zero inactivity fees, which is important for investors who are looking to hold their positions for a long period.
Day trading platforms are used by active traders who are looking to take advantage of small price movements. These platforms often provide advanced price charts, tools for technical analysis, and live market data.
Most day trading brokers also offer CFD instruments, which allow customers to trade without buying the underlying asset. CFDs are suitable for short-term strategies because they allow traders to take a leveraged position.
Not all UK brokerages will offer crypto assets. Instead, crypto traders may choose to use dedicated cryptocurrency exchanges which provide access to the decentralized finance market. Cryptocurrency exchanges provide traders with tools that can be used to research and analyze the crypto market. These platforms are also compatible with crypto wallets, which can be used to store crypto safely.
Most platforms don’t charge users to sign up, however, they do require users to pay some trading fees. So ultimately no, online broekrs are not free and charges can include commissions, spreads, deposit/withdrawal and maintenance fees. Below we outline some of the fee types, which are covered in greater detail at the fees section.
With hundreds of online trading sites available to UK residents, it is important to consider certain factors before opening an account. It is understandable that users may have different requirements and priorities when selecting the most viable platform. For example, some traders may wish to access specific markets such as UK forex or stocks, while others may have a preference for lower fees and commissions. Some traders may specifically be looking for a platform that can accommodate algorithmic trading.
Regardless of the preference there are many different features on offer when considering the right UK trading brokerage platform. To save our readers time, below we list some important features to consider that UK trading accounts present.
To be regarded among the best UK brokers, a trading platform would need to be licensed by at least one reputable financial body. Ideally, this should be with the British Financial Conduct Authority (FCA) – which is responsible for keeping the United Kingdom trading and investment industry safe and transparent. By sticking with an FCA broker in the UK, users will benefit from a range of safety nets.
This includes:
In addition to the above, those regarded as the safest trading apps also tend to be covered by the FSCS. This means that user funds are protected up to the first £85,000 – should the platform cease to exist.
There are thousands of financial instruments across dozens of asset classes that can be traded online. But not all UK trading brokers will give access to every single global marketplace.
To be considered among the leading trading sites in the UK, traders expect access to the following tradeable markets:
Furthermore, and perhaps most importantly, users should be considerate of whether the platform provides trading CFDs or allows users to buy the asset outright. If it’s a CFD instrument, the trader does not own the underlying asset. In turn, this does allow traders to short-sell with ease and apply leverage of up to 1:30.
{etoroCFDrisk} % of retail investor accounts lose money when trading CFDs with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
CFDs may not be suitable for users taking a more traditional approach to investing. This is particularly the case for investors wanting to build a long-term investment plan, as CFDs attract overnight financing. To ensure access to both types of instruments, traders may consider choosing a trading platform in the UK that gives access to both traditional assets and CFDs.
For example, eToro offers 2,400+ stocks, 250+ ETFs, and 25 cryptocurrencies. It also allows trading of thousands of CFD markets, which in addition to the aforementioned, include forex, commodities, and indices.
Before choosing an online trading platform, it is important to understand the fees and commissions charged by the platform. Some platforms charge fees for trading, while others may have no fees, but instead charge a commission on each trade. It is important to compare the fees and commissions of different platforms to determine which one offers the best value. After all, the amount that traders need to pay to trade online can vary quite considerably.
The main fees to consider when seeking a suitable broker for UK traders are covered below:
Share dealing fees not only relate to the purchase of stocks, but other traditional assets like ETFs, mutual funds, and investment trusts. In all but a few rare cases, a chosen trading platform in the UK will charge a flat dealing fee.
This means that irrespective of how much is invested, the fee will remain the same. It goes without saying that this benefits investors that are looking to trade larger amounts.
If users decide to trade assets via a CFD instrument, then the chosen platform will charge a variable fee. This is more beneficial to entry-level traders, as they won’t be penalised for placing small orders.
As always, the amount of commission to pay can vary depending on rates offered by different UK trading apps.
Sure, this might not sound like a lot to pay. However, these costs can quickly add up – resulting in profitable trades becoming somewhat unviable. This is especially the case when you use a trading platform that has a minimum commission policy in place.
If you’re wondering how UK brokers make money when they don’t charge a commission – this comes via the spread. This is simply the difference between the buy and sell price of the financial instrument being traded.
This means that when the trader opens the Apple trade on eToro, the position is instantly 0.18% in the red. In other words, the trade needs to increase in value by 0.18% for you to get back to the break-even point. In this example, a spread of 0.18% is very competitive.
The main costs to explore in depth are related to share dealing fees, commissions, and spreads. However, there are other charges that your chosen platform might have in place, which includes:
All in all, fees and commissions can and will have a major impact on the ability to make gains, so users should make sure they understand what they are paying before opening an account.
Online Brokers in the UK should provide users with a range of research and analysis tools that can be used to make informed trading decisions. This is helpful for novices when looking for trading sites that offer both beginner and advanced research tools as well as educational guides about how to use them.
For example, eToro offers real-time market insight, a financial news feed, expert analysis and helpful price charts that can be used to determine profitable trading opportunities. Advanced traders may also want to look for platforms that offer advanced charting tools and indicators for technical analysis.
Some good research and analysis tools to look for when choosing the most feature rich UK trading platform include:
Market news is helpful for determining potential trading opportunities. The news can have a huge impact on the price of stocks so it is important to be aware of influential news stories. Reliable platforms should provide real-time news that is updated to reflect the most recent stories.
Trading platforms should provide real-time market data that can be used to analyse stocks. The financial markets move quickly so it is essential that any data provided by platforms is up-to-date.
Most trading platforms will provide easy-to-navigate price charts. It is possible to use these charts to conduct analysis and make predictions about future price movements.
Whether you are new to trading in the UK or you are an experienced trader who wants to improve your skills, it is helpful to choose a platform that provides educational materials such as in-depth guides. This can help improve trading skills and navigate the different functionalities of the platform.
Automated trading is getting more and more popular in the online space. The main concept is that users can actively trade without needing to do any research. In fact, some automated trading tools will go one step further by placing orders on traders’ behalf. Not only does this suit traders with no experience, but those with little time to analyse the markets.
There are several ways in which trades can be automated. Some in the UK opt to purchase a trading robot, which is then installed into a platform such as MT4. In order to do this, traders will need to ensure that your chosen provider supports this third-party platform.
Demo accounts are invaluable to traders in the UK. These are offered by many platforms and allow traders to gain access to real market conditions without risking any money. Instead, users will be trading with paper funds.
For example, eToro offers demo accounts that come pre-loaded with $100,000. Traders will still have access to the same markets, prices, and trading volume – which is for testing the waters before making a real deposit. Even for users who have some experience of online trading, demo accounts are also used to try out new trading strategies.
It’s always good to consider what customer support channels are offered by the trading platform. Ideally, the provider should offer a live chat feature. Telephone support is also a notable feature as users can speak with a live agent in real-time. If, however, the platform only provides email support, then clients may have to wait several hours to receive a response.
This section of our guide will show users how to get started with an online trading platform. We provide a walk-through of the process of opening an account, making a deposit, and placing first trades.
Head to the official trading platform homepage and navigate to the account set up option. You’ll first enter your name, email and choose a password.
Read the terms and conditions, privacy policy and accept those.
You will need to verify your identity to meet anti-money laundering (AML) and KYC regulations.
To do this, upload a copy of your:
You can upload these documents at a later date as long as you are not depositing more than $2,250 (about £1,700).
If you want to use a demo account first, you can do this to get comfortable with how the trading platform works.
When you’re ready to trade with real money, you can choose from the following payment methods:
Once your deposit has been processed you can start. On the dashboard, click on the ‘Trade Markets’ button to see what assets are supported. Or, if you already know which asset you want to trade, search for it.
Once you click on the ‘Trade’ button next to your chosen asset, an order box will appear.
You then need to fill in the following fields:
If you wish, you can also place stop-loss, trailing stop-loss, and take-profit orders on your trade.
To complete your trade, click on the ‘Open Trade’ button.
There is quite a bit of choice when selecting a suitable UK trading platform. Many of them have long entered the online trading marketplace and it is becoming increasingly accessible to invest online. Whether it’s stocks, forex, cryptocurrencies, or CFDs, online brokers in the UK provide access to thousands of global markets across different asset classes.
eToro has a wide user base in the UK and is available on both desktop and mobile. The platform offers access to a variety of asset markets, has substantially low fees, and offers copy trading.
{etoroCFDrisk} % of retail investor accounts lose money when trading CFDs with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
If you want to trade for free, then you’ll need to use an online platform that doesn’t charge a sign up fee. eToro does not charge any fees for creating an account and it is possible to use the demo trading feature without depositing any funds.
Lots of UK trading platforms now give you access to US shares. However, users need to keep an eye on fees – as most charge a premium when buying non-UK assets. eToro, on the other hand, allows users to purchase hundreds of US shares with low commissions.
As long as the chosen UK trading platform is registered with the FCA, investors will be protected by AML and KYC requirements. Many also prefer platforms that are covered by the FSCS.
Although the FCA banned crypto-CFDs in January 2021, users can still buy digital currencies in the traditional sense. eToro offers Bitcoin and 24 other cryptocurrencies, with the minimum investment standing at just $20.
Commission-free trading platforms in the UK make their money from the spread.
Retail investor accounts in the UK are capped to leverage of 1:30 on major currency pairs, and less on other assets. In order to trade with leverage, you need to use a platform that offers CFD markets.
Yes, many platforms allow clients to start trading in the UK with £100. In fact, eToro allows its users to trade with a minimum of just £10.
In the UK, professional traders use apps such as Meta Trader to conduct technical analysis and also use a broker app such as eToro to place trades. The exact apps professional traders use will depend on their strategy. For example, eToro is better suited to long-term traders whereas XTB is a good app for short-term UK professional traders.
References:
Michael Graw is a freelance journalist who covers finance, trading, and technology. His work has been published on numerous high-profile websites that cover the intersection of markets, global news, and emerging tech such as TechRadar and Top10.com. Michael has also written for StockApps, Buyshares and LearnBonds.
Before starting his career as a freelance writer, Michael studied at Cornell University where he obtained a BA in Microbiology. He then went on to recieve a Ph.D in Philosophy from Oregon State University. With 6 years of finance writing under his belt, Michael is an expert in his niche and has built up significant industry knowledge during his time as a writer. Michael writes informative content with the goal of supporting readers to make better financial judgements.
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