Going to open a trading account? Wait! First check out the best UK trading platforms and then compare them to find the perfect one. The process is tricky but gets easier when you deep dive into the trading platforms. Below are some of the top trading platforms available in the UK.
Best Trading Platforms in UK
Interactive Investor offers more than 40,000 investment options, including funds, investments trusts, ETFs, UK shares, and overseas funds. Every month, you get a trade for free. This trade can be used to purchase or sell any investment.
You can find a lot of research, expert advice, and insight on the site, which can help you choose investments. Interactive Investor offers services such as Trading Account, Stocks and Shares ISA, SIPP, and Junior ISA.
Also Read: Invest in The UK Stock Market | WHY and How To Invest?
eToro offers multi-asset investing, including trading CFDs and stocks. Open an account at eToro for free. All registered users get US$100,000. US$5 is charged for withdrawals and deposits. FX rates are applicable to all non-USD transactions. If you prefer to choose a pre-made portfolio, eToro offers over 40 fully allocated and balanced portfolios.
These portfolios are based on market segments that you understand and can relate to. Portfolios include BigTech and dividend growth. Portfolios consist of a collection of assets such as stocks, cryptocurrencies, and ETFs. They can also include people. eToro does not offer an ISA and SIPP, learn more about forex signals from Learn 2 Trade.
Freedom24, an online trading platform from Freedom Finance, offers access to more than 1,000,000 trading instruments. Its unique feature is that everyday investors can participate directly in IPOs with as little as US$2,000.
Freedom Finance Europe Ltd, an EU-based stockbroker, is listed on Nasdaq. This allows retail investors to take part in “big name” IIPOs such as Robinhood, Snowflake, and Airbnb. Freedom Finance launched in 2008 with the Facebook Initial Public Offering. Since then, Freedom Finance has provided its clients access to 250+ IPOs via an easy-to-use online platform. Freedom24 offers its customers access to over 1,000,000 trading instruments.
This includes 35,000 stocks and 3,100 ETFs. There are also 147,000 bonds, 855,000 options, 500 futures, and 35,000 stocks. Freedom24 is available on 15 stock exchanges. A demo terminal is available to customers to help them practice their trades before they commit real money. Freedom24 offers four pricing plans, each with different costs.
Fineco Bank is Europe’s largest bank, boasting over 30,000,000 orders processed each year and 20 years of experience in brokerage. One low-cost account allows you to access 26 global markets and trade more than 20,000 financial instruments around the world. Trade and invest in GBP, EUR, and USD directly. Fineco Bank offers a Trading Account and Stocks and Shares ISA. Capital at risk.
Hargreaves Lansdown offers thousands of investment options, including the UK and international shares, funds, and investment trusts. The platform fee for its Fund and Share Account is not charged, but it charges 0.45% per year (capped at PS45), and 0.45% per year (capped at PS200), for its ISA. It offers many products, including Fund and Share Account and Stocks and Shares ISA and Junior ISA. These services are for investors who feel confident making their own decisions.
AJ Bell Youinvest
AJ Bell Youinvest offers thousands of investment options, including stocks, shares, funds, and investment trusts. If you trade 10+ times per month, share dealing is very affordable. AJ Bell Youinvest offers services such as Share Dealing Account and Stocks and Shares ISA.
InvestEngine, a low-cost UK investment platform, offers a variety of portfolios that are tailored to your needs and commission-free DIY investing. This will help you to build long-term wealth.
You can invest in more than 250 exchange-traded funds (ETFs) from Vanguard, iShares, and other top brands. InvestEngine allows you to invest in two different ways, depending on your level of investing knowledge. Beginners or people who want to build a portfolio from scratch can choose one of the Managed Portfolios.
The team of experts at InvestEngine will manage all aspects of your investment decisions. These portfolios are subject to a platform fee, which is 0.25% per annum. Investors who are more confident can select from 250+ ETFs that do not require commission and create their portfolios. There are no platform fees for the DIY Portfolio.
All portfolios from InvestEngine are free of dealing fees, setup fees, and withdrawal fees.
InvestEngine lets you invest through a Stocks & Shares ISA, Personal Account, or Business Account.
DEGIRO, an award-winning investment broker, allows you to trade stocks, bonds, and ETFs across 50 international exchanges. You can diversify your portfolios by using the regulated financial instruments offered by DEGIRO.
You can invest in up to 200 commission-free ETFs with DEGIRO. You may not be charged a deal fee if you only invest in ETFs. Terms apply. The cost of dealing in UK stocks is PS1.75 + 0.014% per transaction, while US stocks are EUR0.5 + $0.004/share and Irish stocks are EUR4+ 0.05%/deal. DEGIRO currently serves over 1,000,000 customers in 18 countries.
The platform is accessible on both mobile and web via the app and the portal. It’s suitable for both beginners and experienced investors. DEGIRO does not offer a SIPP or ISA.
The stake is a worldwide commission-free brokerage that gives you access via mobile app or web interface to 4,500 US stocks, ETFs, and other financial instruments. Upgrade to Stake Black for US$9/month or US$90 per year to gain more advanced features.
Stake Free allows you to access all assets, unlimited commission-free trades, and advanced order types. Fractional trading is also available. Stake Black allows you to access analyst ratings, price targets, and full company financials. It also lets you trade on unsettled money.
Non-USD withdrawals and deposits are subject to FX rates. Stake does not offer a SIPP or ISA. Capital at risk.
XTB is a European trading platform that’s easy to use and fully customizable. It is also one of the most prominent stock exchange-listed FX & CFD brokers in the world. Retail traders have instant access to hundreds of global markets through XTB. XTB allows you to trade stock CFDs as well as ETF CFDs.
You can also trade forex, indices, and commodities with XTB. XTB has a large library of educational materials that include videos, webinars, and courses for both novice and advanced investors. You will be assigned an account officer to help you understand how XTB operates and your needs when you sign up.
XTB offers a free trading account. Withdrawals below PS60 are subject to a PS12 processing fee. Deposits in GBP or EUR are free. Monthly fees of EUR10 are also charged to inactive accounts. XTB has over 31,000 customers and offices in 13 countries. XTB does NOT offer an ISA and SIPP.
Frequently Asked Questions
What are Some places to Invest a Little Money?
Many investment platforms allow you to invest as low as PS25. Some even go lower. Freetrade allows you to trade in the stock exchange with as little as PS2.
What is a Brokerage Account?
A brokerage account can be used to purchase and sell stocks, shares, and bonds, as well as other investments. A brokerage account in the UK is the same thing as a General Investment Account.
You can also use Stocks and Shares ISA or Lifetime ISAs to purchase and sell investments. Your brokerage account can be used to transfer money into and out, just like a bank account.
How do I Open an Account with a Brokerage?
Open a General Investment Account (GIA) on any of the online brokers listed in the table. The GIA allows you to purchase, sell, and hold any type of investment.
Chris Evan was born in Quebec and raised in Montreal, except for the time when he moved back to Quebec and attended high school there. He studied History and Literature at the University of Toronto. He began writing after obsessing over books.