Saxo Markets offer an excellent share dealing feel by combining the bright SaxoTraderGO deal platform with over 30,000 international products. price, though, is higher than most of its U.K. competitors. Read fully reappraisal trading 212 offers low-cost trade without lots of bells and whistles. Though tools, inquiry and investments are limited, its user-friendliness and price may be an attractive choice for the founder trader. Read wax review For the price-conscious trader, FinecoBank is a solid share dealing choice with a broad range of investment options ; but educational materials and research reports are lacking. Read entire review professional traders are brilliantly serviced with the tools and capabilities of interactional Brokers. Less-experienced traders benefit from the moo commissions and excellent inquiry available in the web-based Client Portal platform. Read full review IG stands out as a top U.K. agent, thanks largely to its excellent on-line trade chopine. Rates are relatively low, trading tools and research are outstanding, and the platform and mobile apps are easy to use. Read full review
Best Trading Platform UK Rankings
Other trading platforms
In summation to the six U.K. stockbrokers listed above, we reviewed five other platforms : DEGIRO, Capital.com, eToro, Hargreaves Lansdown, and Interactive Investor. here are our high-level takeaways for each broker .
DEGIRO: DEGIRO offers bum store trading on a modest trade chopine, charging only £1.75 + 0.014 % per trade, with a utmost charge of £5. Fees for trade funds, however, are more costly. DEGIRO does not offer ISA or SIPP accounts and interim competitors in fundamental research and department of education. Read Full Review
Capital.com: The lowest fees in our annual review come from Capital.com, with commissions at zero and no “ obscure ” charges. This is intelligibly attractive, though the circumscribed offer of investment options and miss of web-based or background trade platform mean Capital.com comes up brusque for an investor or trader looking for the complete box. previously better known for its CFD trade platform, Capital.com have branched out to offer direct invest and trade in shares. Read Full Review
eToro: If you ‘re looking for a broke with zero-commission lineage trades and a running and easy-to-use platform, with the bonus of an excellent copy trade choice, then eToro may be the agent for you. Do watch out for the concealed fees, and know that the research sphere and compass of investments on offer are not arsenic robust as at many of the more traditional brokers. Read Full Review
Hargreaves Lansdown: Hargreaves Lansdown provides an highly thorough and comprehensive choice of investment options and very high-quality research ( some of which is created in-house ) alongside a user-friendly mobile app. however, pricing is expensive, the chart tools are modal and educational resources are merely in course with industry standards. Read Full Review
Interactive Investor: Interactive Investor, or two, is a full choice for investors who desire research reports and in-house recommendations for funds. But fees are high given the below-average tools, platform, and mobile app on offer. interactional Investor conflict to remain competitive with commissions and fees, particularly for fund investors and active share traders. Read Full Review
IG is our peak pick for best broker in the U.K. in 2022. In accession to offering a wide range of markets that you can trade, IG offers powerful research, excellent educational resources, and industry-leading trade platforms that cater to clients of all experience levels. IG gives you the ability to well switch between your retirement ( ISA and SIPP ) and share-trading accounts, and offers competitive pricing arsenic well. Read our full review of IG .
IG trade platform .
Runner-up: Interactive Brokers
synergistic Brokers is a bang-up choice not just for professional traders in the U.K. but besides for retail investors who need access to a wide range of ball-shaped markets in addition to local markets. The Trader Workstation ( TWS ) platform and more recently launched platforms IBKR GlobalTrader and IMPACT come with a battalion of features and trading tools, including dozens of research channels, comprehensive examination educational capacity, and competitive commissions. Read our full review of interactional Brokers .
Interactive Brokers ‘ Trader Workstation .
Podium finisher: FinecoBank
FinecoBank is a trust brokerage house that offers U.K. traders access to a wide assortment of markets and investment products, With a growing array of educational contentedness, Fineco offers competitive rates and trading platforms that are not excessively complex with a good ease-of-use factor for all investor types. Read our full moon revue of FinecoBank .
FinecoBank web platform screener .
What is the best trading platform in the UK?
The SaxoTraderGO platform from Saxo Markets is the best on-line trade platform in the U.K. SaxoTraderGO comes loaded with trade tools and excellent serviceability, regardless of whether you are a founder or seasoned trader. Like the SaxoTraderGO web platform, the SaxoTraderGO mobile app is besides brilliant. The one downside of Saxo Markets is pricing, which is more expensive than most U.K. brokers .
Which trading platform is best for beginners in the UK?
The best trade chopine for beginners in the U.K. should emphasise education, rest of manipulation and first gear cost. Based on these factors, the best trade platform for beginners in the U.K. are :
- IG – 4.5 stars – Strong on education, simple but functional app and platform, and relatively low costs.
- FinecoBank – 4.5 stars – A well-rounded product with excellent pricing.
- Trading 212 – 4.5 stars – Easy to use and “zero” commissions (there are some fees).
- Freetrade – 4 stars – Simple to use, low cost, and offers fractional shares.
What is the best free trading platform in the UK?
While commission-free deal is presently the norm among U.S. on-line stockbrokers, commissions and fees are more coarse in the U.K. and can be a differentiator when you choose a broke. And while the trade platforms are free to use from the following brokers, you may still incur some trade costs, even if a broke advertises commission-free trade. After factoring in all trading-related costs, here are some standout brokers in our analysis of commissions and fees .
- Capital.com: Zero commissions for stock trading; competitive spread and no hidden fees.
- DEGIRO: £1.75 + 0.014% per trade, with a maximum charge of £5.
- FinecoBank: £2.95 for U.K. shares and ETFs; no minimum monthly commission.
- Freetrade: Zero commissions for trading major U.K. and U.S. shares, but foreign exchange carries a cost.
- Trading 212: Zero commissions, but 0.70% fee for deposits above £2,000.
- IG: Competitive commission rates with a full-service brokerage.
How do you choose a share dealing platform?
When choosing a share dealing platform, inaugural consider the investment and account options available. For exercise, not all U.K. brokers offer ISA and SIPP accounts, nor do all U.K. brokers support U.S. shares trading. Next, compare the trade fees and any monthly or quarterly account fees. last, assess the trade platforms themselves by comparing the fluid apps, trade tools, and available grocery store research. Ease of use is another area you may want to consider if you are a new trader .
What are the best UK stock trading apps?
Our picks for the best U.K. stock trade apps for 2022 :
- Saxo Markets – Best overall stock app
- Hargreaves Lansdown – Best stock app for longer-term, professional investors
- Interactive Brokers – Best stock app for usability
- IG – Best stock app for traders
- Fineco Bank – Best stock app for simplicity
Does Robinhood work in the UK?
Robinhood, the popular stock trade app, is not presently available in the U.K., with plans for a U.K. launch having been postponed during the pandemic. In April 2022, the caller announced plans to offer crypto deal in the U.K., and finally Europe, following the acquisition of Ziglu Limited, a Britain-based digital currentness app .
Is day trading legal in the UK?
Yes, day deal is legal in the U.K. Day trade is plainly buying and then selling a finical asset, such as a parcel in a company like BP, within the like trade sidereal day. Although there are no regulative blocks to day deal, it ‘s significant to trade through a regulate and hope agent, such as those in our annual analysis of the best brokers. The providers in our review are regulated in the U.K. by the respected Financial Conduct Authority, or FCA .
How much do stockbrokers charge in the UK?
There are a count of different price models used by stockbrokers in the U.K., which yields a significant difference in charges. Some of the disruptors in the U.K. stock brokerage populace, such as Freetrade and Trading 212, offer commission-free deal ; but sometimes there are other fees, which we note in our annual review of brokers in the U.K. Some providers charge a flat tip, such as £9.99 per barter, whilst others charge a percentage of the prize of the trade, with a minimum or maximum commission — for example, 0.02 % maximum or £5 minimal .
here ‘s a breakdown of the commissions and fees charged by the top three brokers in our annual review .
|Feature|| IG |
| Interactive Brokers |
|Share Trading: 0-9 Deals/ Month||£3 to £8||£3.00||£2.95|
|Share Trading: 10-19 Deals/ Month||£3.00||£3.00||£2.95|
|Share Trading: 20+ Deals/ Month||£3.00||£3.00||£2.95|
|Annual Custody Fee: £0 – £250,000||£96 (can reduce by trading)||0%||0.25%|
|Bonds – Government (Gilts) – Fee||N/A||0.1% (2 euro min)||£6.95|
|ETFs – Fee||£8.00||£3.00||£2.95|
|Investment Trusts – Fee||£8.00||£4.95||N/A|
|Telephone Dealing Fee||£40.00||£25.00||N/A|
What UK stockbroker offers the lowest fees?
notably low-cost share dealing in the U.K. is offered by market disruptors such as Capital.com, Freetrade and Trading 212, who cite zero-commission trade — although there are some other costs and fees users may incur, as detailed in our annual reappraisal of the best united kingdom brokers. DEGIRO and FinecoBank besides offer depleted fees for trading individual shares : DEGIRO ‘s fee for trading individual shares in the U.K. is £1.75 + 0.014 % per deal, with a maximal charge of £5 ; FinecoBank charges £2.95 for U.K. shares and ETFs .
How do I buy stocks online in the UK?
To buy stocks online, follow these steps .
- Select a U.K. broker, then open and fund the account.
- Research the stocks you want to buy using the trading tools and market research provided.
- Once you choose a stock to buy, fill out the order ticket with the number of shares you want to purchase.
- Place your trade.
You now own shares of stock ! For more educational resources before you start trading, we recommend reading StockTrader.com ‘s 10 great ways to learn stock trade .
How can I trade forex in the UK?
The first step in deal forex in the U.K. is to choose a broke that is regulated and authorized by the Financial Conduct Authority, or FCA, and open a trade history. note that it ‘s authoritative to read the full terms and conditions of your account agreement, which governs the relationship you have with your broke .
following, to execute trades, you must fund your account with a little come of das kapital that you can afford to risk. here are three steps to take after opening an report :
Learn the platform. Before trade, learn how your broker ‘s trade software works. Some brokers offer virtual, or “ paper, ” trade, which allows you to practice without risking real money. Explore any free educational subject that ‘s available about the chopine .
Develop a strategy. Once you feel fluent with your broker ‘s trade platforms, outline a basic scheme for yourself that includes risk management. The next footstep will be to identify entrance points and exits ( the price you plan to enter and exit the market ) for a given currency pair .
Trade your plan. Once you identify a price and direction you would like to enter, a market orderliness or limit order can help you establish an open position ; you can besides attach a stop-loss order and take-profit limit club to manage the risk/reward of your investment .
How do I choose a forex broker in the UK?
The broker you choose should be regulated and authorized by the Financial Conduct Authority ( FCA ) and highly trusted, meaning the broke has many years in operation and holds numerous regulative licenses .
ideally, the broke will rank highly in all the categories that are crucial to you. For model, you should choose an FCA-regulated broke that can give you entree to the markets you want to trade, from within excellent on-line trade platforms ( web-based or desktop-based software ) and mobile deal apps. The best forex brokers in the U.K. besides offer comprehensive educational subject and a rich offer of inquiry tools in assorted media formats, such as articles, news headlines, videos and webinars .
For more insight, see our top picks among U.K. forex brokers on sister site ForexBrokers.com .
Who is the best forex broker in the UK?
IG holds the title of best forex broke in the U.K. in 2022. IG ranks at or near the top of about every class in our analysis, including Platforms & Tools, Mobile Trading Apps, Research, and Education, equally well as the offer of Investments category thanks to its wide stove of markets. U.K. residents can access spread count, parcel trade, ETFs, and investing trusts, equally well as forex and CFDs. See a broad review of IG ‘s forex offerings on our baby locate, ForexBrokers.com .
What is an ISA?
An Individual Savings Account is a intend of tax-exempt redemptive and endow. Currently, for the 2021/22 tax year, an individual can save up to a maximum of £20,000, which can be held in a stocks and shares ISA, a cash ISA, a junior ISA, an innovative finance ISA, a Lifetime ISA, or in a “ Mix and Match ” combination of these .
What is a SIPP?
A Self-Invested Personal Pension, or SIPP, is a tax-efficient means of saving funds for retirement in the U.K. SIPPs are government approved, and enable individuals to make their own investing decisions. Unlike more traditional pension models where investment choice is much restricted to a limited number of funds, a SIPP offers investors the ability to self-direct their investments .
To recap, here are the best plowshare dealing platforms overall for 2022 .
For the 2022 StockBrokers.com U.K. Review, we assessed, rated, and ranked 11 U.K. share dealing platforms over a 10-week fourth dimension period. Each agent was thoroughly tested on all available platforms and graded on 53 different variables, with testing done on devices for both Apple and Android operating systems. In sum, over 17,000 words of research were produced .
We thoroughly tested and compared features of prime pastime to investors, including but not restrict to :
- Offering of investments, such as whether the broker offers trading of shares, CFDs, ETFs, funds and bonds.
- The commissions and fees charged.
- Functionality and design of mobile apps.
- Quality of desktop trading platforms and a fluid experience moving between app and desktop.
- Usability of tools such as charting and watch lists.
- Market research, such as screening, news and analysis.
- Educational resources including tutorials, online courses, videos, webinars and articles.
Our rigorous data establishment process yields an error rate of less than .001 % each class, providing web site visitors with quality data they can trust. Our lead research worker and writer, Steve Miley, is a finance diligence veteran with more than 30 years of experience in fiscal markets. Steve ‘s expertness is backed by a team of experienced content strategists, data auditors, editors and project managers who work to ensure our StockBrokers.com review are the most indifferent and accomplished reviews in the diligence. Read more about our team .
About the Editor
Carolyn Kimball is managing editor for Reink Media and the run editor for the StockBrokers.com Annual Review. Carolyn has more than 20 years of writing and editing feel at major media outlets including NerdWallet, the Los Angeles Times and the San Jose Mercury News. She specializes in coverage of personal fiscal products and services, wielding her editing skills to clarify complex ( some might say befuddling ) topics to help consumers make informed decisions about their money .