Stock investment is a popular activity among individuals in the UK, and finding a reliable and affordable broker is crucial. That’s where we come in to recommend some of the most cost-effective brokers that have left a strong impression on us. In our comprehensive guide below, we will not only provide you with insights on how to begin trading stocks with these affordable brokers but also share user testimonials about their experiences with our top selections. With this information, you can make informed decisions and confidently kickstart your investment journey.
Essence
- Consider a share broker you can afford, offering low fees, minimal account maintenance charges, and more for an exciting experience.
- Choose a broker with no hidden costs or surprise charges to budget accordingly.
- The best discount brokers should have low minimum deposit requirements.
- Despite being affordable, the best cheap stock brokers should maintain service quality.
- Evaluate brokers that provide a wide range of company equities and investment opportunities.
- Consider brokers that offer access to educational materials, market analysis, and research tools to support investors’ decision-making processes.
- Ensure that reputable authorities regulate the cheap share broker you choose to maintain a secure and trustworthy trading environment.
- If a cheap share broker offers a demo account, take full advantage to test its services without any financial commitment.
List of the Best Low-Cost Brokers
- Pepperstone – One of the Cheapest With Multiple Platforms
- eToro – Cheapest With Social Trading Features
- Spreadex – Cheapest With Spread Betting Options
- FP Markets – Top Options For CFD Trading
- Plus500* – Offers a Reliable Support Service With High Response Rate
- OANDA Europe LTD – Best Option For UK MetaTrader 4 Users
*80% of CFD retail accounts lose money on Plus500
In this guide
Best Cheap Brokers in the UK
- List of the Best Low-Cost Brokers
- Compare the Cheapest Brokers
- Brief Overview of Our Recommended Brokers’ Fees and Assets
- Our Opinion & Overview of the Best Cheap Stock Brokers
- What Do Other Traders Say?
- The Ultimate Guide About Cheap Online Trading
- What Assets You Can Trade with Cheapest Trading Platforms
- FAQs
Compare the Cheapest Brokers
In our quest to provide you with the best discount brokers in the UK, we invested significant time and effort into thorough testing and comparison. We assessed numerous brokers, taking various factors into consideration. These factors included the security measures implemented by the brokers, the performance of their trading platforms, the range of products, the charges involved, the availability of demo accounts, and the level of customer support services.
Furthermore, we analysed user feedback from reputable sources such as Google Play, Trustpilot, and the App Store. This allowed us to gain insights into the experiences of real users and gauge the overall satisfaction level with each broker.
Below, we present you with our summarised ratings, which entail the key aspects of each broker. This comprehensive comparison will assist you in making an informed decision and selecting the cheapest broker UK that aligns with your specific requirements and preferences.
| Best Low-Cost Brokers | Licence | Support Service | Software | Payment | Demo Account | Money Insurance (Negative money protection) |
|---|---|---|---|---|---|---|
| Pepperstone | FCA, ASIC, DFSA, CySEC, BaFin, SCB, CMA | 24/7 | MetaTrader 4, MetaTrader 5, cTrader, TradingView | Credit cards, Bank transfer, PayPal | Yes | Yes (up to £85,000) |
| eToro | ASIC, CySEC, FCA, FSAS | 24/5 | eToro investing platform, Multi-asset platform, Copy Trader | Debit cards, Bank transfer, Neteller, Skrill, eToro Money, Online Banking | Yes | Yes (up to $250,000) |
| Spreadex | FCA, SEBI | 24/5 | IPHONE App, IPAD App, ANDROID App, TradingView | Bank Wire Transfer, Credit cards | No | Yes (up to £85,000) |
| FP Markets | CySEC, ASIC, FCA, SEBI | 24/7 | MT4, MT5, cTrader, Iress | Credit/debit cards, Bank transfer, PayPal, Neteller, Skrill, PayTrust FasaPay | Yes | Yes (up to $500,000) |
| Plus500 | FCA, CySEC, ASIC, MAS, FSA | 24/7 | Plus500 Webtrader | Bank Wire Transfer, Credit/debit cards, Paypal, Skrill | Yes | Yes (up to £85,000) |
| OANDA Europe LTD | FCA, CySEC, FSA | 24/5 | MT4, OANDA Trade | Credit/debit cards and Bank transfer | Yes | Yes (up to £85,000) |
Brief Overview of Our Recommended Brokers’ Fees and Assets
When it comes to trading company equities in 2025, many traders and investors in the UK prioritise the affordability and availability of their preferred investment products. To assist you in making the optimal choice, we have compiled a table below that showcases our recommended cheapest stock brokers in the UK, including details on their fees, featured securities, and minimum deposit requirements. Take a look and find the best broker that suits your needs best.
| Broker | Fees | Assets | Minimum Deposit |
|---|---|---|---|
| Pepperstone | From 0.0 pips | CFDs in FX, shares, forex, commodities, indices, ETFs, forwards, spread betting | £0 |
| eToro | From 1 pip | shares, forex, indices, NFTs, commodities, cryptos, ETFs | $100 |
| Spreadex | From 0.6 pips | forex, commodities, indices, shares, crypto, ETFs | £0 |
| FP Markets | From 0.0 pip | forex, shares, commodities, indices, futures, cryptos, bonds, ETFs | £100 |
| Plus500 | From 0.0 pips | indices, forex, shares, commodities, options, ETFs (CFDs) | £100 |
| OANDA Europe LTD | From 0.8 pips | forex, indices, commodities, shares, cryptos | £0 |
Our Opinion & Overview of the Best Cheap Stock Brokers
Providing an unbiased opinion and comprehensive overview of the best cheap equity brokers in the UK was no small feat. We dedicated extensive time and effort to thoroughly test and compare numerous FCA-regulated brokers, ensuring that we bring you the cream of the crop.
Below, you will find our unbiased opinions and detailed overviews regarding the best cheap stock brokers in the UK. We aim to provide you with a clear understanding of each broker’s strengths and advantages, empowering you to make informed decisions that align with your investment goals.
1. Pepperstone – One of the Cheapest With Multiple Platforms
We tested Pepperstone via its demo account and primarily recommend it to individuals looking to explore the MetaTrader platforms. You will have access to MT5 and MT4 platforms, known for hosting advanced resources for an exciting experience. These include social trading, expert advisors, technical indicators, and more. We found the broker’s platform to be user-friendly with an intuitive interface. Its trade execution speed is also exceptional, thus making it a reliable broker. When it comes to Pepperstone’s trading app, it has a fast trade execution speed seamlessly on Android and iOS devices.
Pepperstone share trading fees are low compared to many brokers we have tested. It has a minimum entry requirement of £0 for UK traders. Besides stocks, we also had exposure to forex, commodities, indices, ETF assets, and more. The only pitfall we noticed is that share trading is supported as CFDs and spread betting.
✔ No dealing desk intervention
- Low spread
- No transaction charges
- Share trading exposes you to different trading tools
- An easy-to-use and customisable platform
- Only FX and CFD trading are offered
| Type | Fee |
| Minimum Deposit | $0 |
| Withdrawal fee | $0 |
| Deposit fee | $0 |
| Inactivity fee | No |
| Account fee | No |
| Broker Features | Availability |
| Minimum Investment Amount | £0 |
| Demo Account | Yes |
| Mobile App | Yes (Android or iOS) |
| Payment Methods | E-wallets like PayPal, Bank transfers, credit card and debit card |
| Transaction Fees | None |
2. eToro – Cheapest With Copy Trading Features
As eToro users, we can confidently affirm that it stands out as the low-cost trading platform UK for copy trading. Its unique copy trading feature, which allows users to automatically replicate the trades of successful traders on the platform, is available at a minimum amount of $200. This feature is particularly appealing to beginners or those who prefer a hands-off approach to trading. Besides stocks, we also explored additional assets on eToro’s user-friendly platform, including forex, commodities, digital currencies, NFTs, ETFs, indices, and more.
Note that eToro has a $50 minimum deposit requirement and offers commission-free investing on stocks. This makes it an attractive choice for cost-conscious investors as they can easily buy or trade various company shares without taking full ownership. We were pleased to find that there were no hidden fees with eToro, and deposits were free of charge*. Unfortunately, we incurred $5 when making withdrawals.
*A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
✔Low minimum to fund an account and begin investing
- Commission-free stock broker
- Exposes users to US stock companies and other global regions
- £100,000 virtually-funded demo account
- Lists over 7,000 investment products to choose from
- Limited advanced resources for professional traders
- Withdrawal charges apply
| Types | Fee |
| Minimum Deposit | $100 |
| Conversion Fee | depends on your payment method, currency, and eToro Club level. |
| Overnight Fee | vary according to the value and direction (BUY or SELL) of your position |
| Withdrawal Fee | all withdrawal requests are subject to a $5 USD fee |
| Inactivity Fee | monthly inactivity fee of $10 USD (charged after 12 months) |
| Broker Features | Availability |
| Minimum Investment Amount | $100 |
| Demo Account | Yes |
| Mobile App | Yes (Android or iOS) |
| Payment Methods | Bank transfers, debit cards |
| Transaction Fees | Withdrawal fees apply |
3. Spreadex – Cheapest With Spread Betting Options
Spreadex is renowned as the leading spread betting broker in the UK, primarily because it is among the cheapest you can find. With a wide range of tradable instruments, including shares, commodities, and more, Spreadex offers a comprehensive spread betting portfolio that caters to all traders. The broker is highly regulated by the FCA, and has taken additional measures to ensure its platform is free from unauthorised access.
There is no minimum deposit requirement when you open an account at Spreadex UK. Its intuitive and customisable TradingView platform is tailor-made for spread betting enthusiasts as it provides essential tools and features for analysing markets and executing trades efficiently. Moreover, Spreadex offers competitive spreads starting at just 0.6 pips, and there are no transactions or inactivity fees. This makes the broker an attractive choice for traders looking to minimise costs while maximising potential returns through spread betting.
✔Helpful customer service
- Over 10,000 tradable instruments, including shares, commodities, indices, and more
- No account entry requirement when you open an account, making it accessible to all traders
- User-friendly and customisable trading platform
- Competitive spreads, starting at 0.6 pips
- Limited research and educational resources
- No negative balance protection
| Type | Fee |
| Minimum deposit | Free |
| Overnight fee | Yes |
| Deposit fee | Free |
| Withdrawal fee | Free |
| Inactivity fee | Free |
| Broker Features | Availability |
| Minimum Investment Amount | £0 |
| Demo Account | No |
| Mobile App | Yes (Android or iOS) |
| Payment Methods | Bank Wire Transfer, Credit cards |
| Transaction Fees | No |
4. FP Markets – Top Options For CFD Trading
From our experience, FP Markets emerges as the best cheapest CFD trading broker in the UK. This is mainly because of its competitive pricing when it comes to CFD trades. We explored a wide range of securities, including over 10,000 shares, commodities, major cryptocurrencies, 19 major indices, bonds, and ETFs. This extensive selection allows traders to diversify their portfolios and capitalise on various market opportunities.
FP Markets offers currency trading services with remarkably low fees starting from 0.0 pips. Leveraging options of up to 500:1 are available across more than 60 currency pairs, providing traders with flexibility in their trading strategies. We noticed that the broker does not have a transaction or hidden costs, a factor that contributes to its reputation as a reliable and cost-effective option. To cater to the diverse needs of its clients, FP Markets hosts multiple platforms, including MT4, MT5, and Iress.
✔Accounts can be opened fast and easy
- Low minimum deposit requirement of £100
- Over 10,000 CFD instruments to trade
- Offers FSCS client protection for UK traders
- Low trading fees starting from 0.0 pips
- Features social and copy trading platforms for newbies’ maximum experience
- The broker is limited to FX and CFD trading
- No price plan
| Type | Fee |
| Minimum deposit | $100 |
| Overnight fee | $0 |
| Deposit fee | $0 |
| Withdrawal fee | Depends on payment method |
| Inactivity fee | $0 |
| Broker Features | Availability |
| Minimum Investment Amount | £100 |
| Demo Account | Yes |
| Mobile App | Yes (Android or iOS) |
| Payment Methods | E-wallets, Bank transfers, credit/debit cards |
| Transaction Fees | None |
5. Plus500 – Offers a Reliable Support Service With High Response Rate
*Illustrative prices
Our trading journey with Plus500 has been nothing short of exceptional, solidifying its position as a leading choice among budget-friendly brokers in the UK. One of its standout features is its hassle-free onboarding process, which enables access to over 2,800 CFD instruments with as little as £100. Notably, all trades incur zero commissions, offering spreads as low as 0.0 pips. Moreover, the absence of transaction charges coupled with a leverage limit of up to 1:300 for professional traders adds to its affordability.
As part of our rigorous evaluation, we rigorously tested the responsiveness and reliability of various brokers’ support services. Plus500 truly excelled in this aspect, showcasing remarkable proficiency whether reached through phone, email, or live chat. They promptly addressed all our queries and even followed up to ensure our comfort and satisfaction. Additionally, its FAQ section provides quick access to commonly sought answers. From our analysis, we rate this broker with 4.5 stars.
✔ Regulated in many countries
- Low minimum account entry requirement
- There is a “Professional Trading” that supplies expert traders with advanced trading tools
- Free transactions
- Reliable and responsive 24/7 support service via phone, email, and live chat
- Inactivity fee applies after 3 months of the account’s dormancy
- No buying and taking full ownership of the featured securities
| Type | Fee |
| Overnight Funding | yes |
| Currency Conversion Fee | 0.7% |
| Guaranteed Stop Order | spread applies |
| Inactivity Fee | $10 per month |
| Withdrawls/Deposits | $0 |
| Broker Features | Availability |
| Minimum Investment Amount | £100 |
| Demo Account | Yes |
| Mobile App | Yes (Android or iOS) |
| Payment Methods | E-wallets like PayPal and Skrill, Bank transfers, credit/debit cards |
| Transaction Fees | None |
Note: 80% 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.
6. OANDA Europe LTD – Best Option For UK MetaTrader 4 Users
Our experience with OANDA Europe LTD led us to conclude that it is one of the best discount brokers for MetaTrader users, and we will tell you why. First, the broker has competitive spreads, starting from just 0.8 pips. This feature alone makes it an attractive choice for traders who want to maximise their profits. OANDA Europe LTD offers an extensive range of trading instruments on its MT4 platform. We explored spread betting assets, including foreign exchange, indices, commodities, bonds, and metals.
Customer service is another area where OANDA Europe LTD truly shines. We contacted the team and received support and transparency. Although the support service is available five days a week, we found them to be responsive and helpful. OANDA Europe LTD also features an excellent trading app you can use to manage your activities on the go.
✔ Fast and user-friendly account opening
- Access to a range of CFD trading instruments
- Supports MT4 and TradingView platforms
- Responsive and reliable customer service
- FCA-regulated for added security and transparency
- Limited educational materials compared to some other brokers
- Inactivity fees apply after 12 months of no account activity
| Type | Fee |
| Minimum deposit | $0 |
| Overnight fee | Yes |
| Deposit fee | $0 |
| Withdrawal fee | $0 to your PayPal account* |
| Inactivity fee | Yes |
*We do not charge a fee for withdrawals made to your PayPal account. If your PayPal account is denominated in a currency other than GBP, EUR or USD, you may incur an exchange fee levied by PayPal.
| Broker Features | Availability |
| Minimum Investment Amount | £0 |
| Demo Account | Yes |
| Mobile App | Yes (Android or iOS) |
| Payment Methods | E-wallets, Bank transfers, credit/debit cards |
| Transaction Fees | None |
Note: 76.6% of retail investor accounts lose money when trading CFDs with this provider.
What Do Other Traders Say?
Understanding the experiences of other traders is crucial when evaluating the cheapest stock brokers in the UK. To provide you with valuable insights, we conducted an extensive analysis of user comments from reputable platforms such as Google Play, the App Store, and Trustpilot. Our aim was to capture the collective sentiment and feedback of hundreds of thousands of users. Below, we present a summary of what these traders had to say about the following FCA-regulated brokers.
- Pepperstone: Users were impressed with Pepperstone’s competitive spreads, fast trade execution, and the variety of trading platforms available. However, a few users mentioned occasional technical issues. For this reason, we give it a 4.3-star rating.
- eToro: Users praise eToro’s social trading feature and user-friendly interface, particularly highlighting its copy trading functionality. However, some users reported occasional slippage during volatile market conditions. With many positive reviews, we give eToro a 4.2-star rating.
- FP Markets: Users commended FP Markets for its low fees, wide range of markets, and efficient customer support. Unfortunately, a few users wished for more educational resources. These reviews made us rank the broker with a 4.1-star rating.
- OANDA: OANDA has also gained positive testimonials for its user-friendly platform, competitive pricing, and quality customer support. A few users reported occasional technical glitches, and this earned it a 4.2-star rating.
The Ultimate Guide About Cheap Online Trading
Cheap online trading offers an opportunity for individuals to engage in financial markets with minimal costs. This form of trading allows traders to access various financial instruments, such as shares, commodities, currencies, and more, without incurring high trading fees or expenses. As a result, they get to efficiently make investment decisions and seize market opportunities that could bring about good profits.
While pursuing cheap online trading, it is crucial to consider factors beyond costs alone. Evaluate the reliability, security, and regulatory compliance of an online broker. Conducting thorough research, reading user reviews, and considering the range of available assets and trading tools are essential aspects of selecting the right online broker for cheap trading. We will take you through the procedures below to ensure you select the best for your needs.
How to Choose the Right Cheap Stock Broker
Choosing the right cheap stock broker is a crucial step in your trading journey. To ensure you make an informed decision, consider the following key elements when evaluating potential brokers.
Prioritise the safety of your funds and personal information. Look for brokers that are regulated by the Financial Conduct Authority (FCA) since the authority provides oversight and enforces strict security measures to protect traders’ interests. Remember, the UK financial market is full of scammers, and you do not want to fall victim to them.
A user-friendly and reliable trading platform is essential for a smooth trading experience. Ensure the broker offers a platform that is intuitive, easy to navigate, and equipped with essential features such as real-time market data, order execution capabilities, and charting tools. You can test it with a demo account.
To find the best broker, evaluate the fee structure of a variety of options, including commission fees, spreads, and any other charges. Look for brokers that offer competitive pricing and affordable trading options fit for your budget. Consider the overall affordability of the broker based on your trading volume and frequency.
Check the availability of the specific shares or assets you intend to trade. A diverse range of tradable assets allows for greater flexibility in building your investment portfolio. Ensure the broker offers access to the markets and assets that align with your trading strategies and preferences.
Reliable customer support is crucial, especially if you are new to trading or encounter any issues along the way. Evaluate different brokers’ support channels, such as live chat, email, or phone support, and consider their availability and responsiveness. Prompt and helpful customer support can significantly enhance your trading experience.
Take into account the experiences and recommendations of other users. Check user reviews and testimonials on reputable platforms like Google Play, the App Store, or Trustpilot. User feedback can provide insights into the broker’s performance, reliability, and overall user satisfaction.
Read about the best NinjaTrader brokers in the UK and the best UK micro account brokers in our other comprehensive guides.
How Does a Discount Broker Work?
A discount broker operates through an online platform, providing traders with direct access to financial markets. The brokers generally offer affordable pricing structures. They typically charge lower fees and reduced trading costs compared to traditional full-service brokers.
Discount brokers cater to self-directed traders who prefer to make their own investment decisions, providing the tools and resources necessary for independent research and analysis. They generally do not offer extensive advisory services but may provide online support through channels like live chat or email. With convenience and accessibility, discount brokers allow traders to manage their portfolios and trade online, offering a cost-effective option for those seeking greater control over their investments.
Factors to Note Before Trading Stocks
Stock trading in the UK can be profitable with proper planning and strategies. As a beginner, do not rush into the activity without being fully prepared. Besides finding an ideal broker for your needs, learn more about the share market and what influences its price for the best decisions. Additionally, ensure you note additional factors, including:
- Risk Tolerance – Assess your risk tolerance level. Understand that share trading involves inherent risks, and it’s essential to determine how much risk you are willing to take before investing your hard-earned money.
- Financial Goals – Define your financial goals and objectives. Whether you want to grow your wealth over the long term or generate additional income, having clear goals will help guide your investment decisions.
- Research and Analysis – Conduct thorough research and analysis before making any investment decisions. Familiarise yourself with the companies you are interested in investing in. Analyse their financial performance and consider factors such as industry trends and market conditions.
- Diversification – Do not put all your eggs in one basket. Expanding your investment portfolio by investing in various stocks can help mitigate risk and maximise potential returns.
- Costs and Fees – Be aware of the costs and fees associated with share trading, including brokerage commissions, transaction fees, and capital gains tax. These expenses can impact your overall investment returns, so factoring them into your trading strategy is essential.
- Emotional Discipline – When trading shares in the UK, keep your emotions in check. Fear and greed can cloud your judgment and lead to impulsive decision-making. Stick to your trading plan and remain disciplined, even during periods of market volatility.
What Assets You Can Trade with Cheapest Trading Platforms
The cheapest trading platforms UK offer a comprehensive range of assets for traders to trade. While the specific assets available may vary depending on the platform and broker, here are some common asset classes you can expect to trade with these platforms.
- Stocks – Low-cost trading platforms typically provide access to a variety of stocks listed on major exchanges. Traders can trade, buy and sell shares of individual companies. This allows them to participate in the equity markets and potentially profit from price movements and dividend payments.
- Exchange-Traded Funds (ETFs) – ETFs are investment funds that trade on stock exchanges and aim to track the performance of a specific index, sector, or asset class. Cheap UK trading platforms often offer a selection of ETFs, providing traders with diversification options and exposure to various market segments.
- Options – Options give traders the right, but not the obligation, to buy or sell an underlying asset at a predetermined price within a specified time frame. Some discount brokerage firms UK offer options trading, allowing traders to speculate on price movements or hedge their existing positions.
- Futures and Commodities – Trading platforms may provide access to futures contracts, enabling traders to speculate on the future price of commodities like oil, gold, or agricultural products. Futures trading can offer opportunities for diversification and exposure to different markets.
- Currencies – FX trading involves buying and selling different currencies in the foreign exchange market. Many cheap trading platforms offer FX trading, allowing traders to take advantage of currency fluctuations and engage in the largest financial market globally.
- Cryptocurrencies – With the rise of cryptocurrencies, some cheap trading platforms also offer the ability to trade digital currencies like Bitcoin, Ethereum, or Litecoin. Traders can take advantage of the volatility in the crypto market and potentially profit from price movements.
Explaining Cheap Online Trading Risks
While cheap online trading offers affordability and accessibility, it is essential to be aware of the potential risks involved. Here are some key risks you need to consider when engaging in cheap online trading.
Financial markets are subject to volatility, and price fluctuations can occur rapidly. Cheap online trading platforms may provide quick and convenient access to these markets, but it also means that traders need to be prepared for the inherent risks associated with market volatility. Sudden price movements can lead to unexpected gains or losses, and traders should exercise caution and implement risk management strategies to protect their capital.
Cheap online trading platforms often offer limited research and analysis tools compared to full-service brokers. Traders relying solely on these platforms may have to conduct their own research or depend on external sources for market insights. This can be challenging, especially for beginners or those lacking experience in fundamental and technical analysis. It is important to supplement trading decisions with thorough research and stay informed about market trends and news.
A discount stock broker UK typically does not provide personalised investment advice or dedicated financial advisors. Traders are responsible for making their own investment decisions, which may increase the risk of making uninformed or impulsive trades. It is crucial to have a solid understanding of trading concepts, strategies, and risk management techniques before engaging in cheap online trading.
To mitigate these risks, traders should educate themselves about the markets, develop a trading plan, and implement risk management strategies. It is advisable to start with small investments and gradually increase exposure as experience and confidence grow. Regular monitoring of trades and staying updated on market conditions in a tax year can help identify potential risks and make informed decisions.
Pros & Cons of Zero Commission Trading
Zero-commission trading has gained popularity in recent years, offering traders the opportunity to execute trades without incurring commission fees. While this pricing model has its advantages, it is essential to consider the pros and cons before trying it.
Pros
- Traders can keep more of their profits by eliminating commission fees.
- The activity mostly comes with low minimum deposit requirements, making trading accessible to a wide range of individuals.
- Traders have access to a diverse range of products
- Zero commission allows for more frequent trading
- By saving on commission fees, traders can potentially increase their overall profitability.
Cons
- Some platforms may compensate for zero commission fees by widening spreads.
- Limited research and analysis tools. Traders may need to rely on external sources for comprehensive market insights.
- Zero-commission trading platforms typically do not provide personalised investment advice.
- The absence of commission fees may lead to impulsive trading decisions and overtrading.
Conclusion
The cheapest stock brokers in the UK we recommend above allow you to enter into the trading and investment space with small capital. With these brokerage firms, you can choose to purchase company shares and take ownership or trade them as CFDs or indices. The brokers also list additional assets, meaning you can easily diversify your portfolio and mitigate the risks of investing in a single asset.
Remember, success in cheap online trading comes not only from finding the cheapest options. You must also develop a solid understanding of the markets, implement effective risk management strategies, and continually refine your trading skills. With dedication, discipline, and a commitment to continuous learning, you can thrive in the world of cheap online stock trading and achieve your financial goals.
Read also full Trade Nation review in our other article.
FAQs
The cheapest trading platform in the UK is DeGiro. Before creating a trading account, confirm if its offerings, such as trading assets, research tools, and trading fees, match your trading requirements.
Yes. Whereas it’s possible to trade without a broker, there are many challenges that come with it. Trading with a broker gives you access to the financial markets and diversifies your portfolio.
There are many commission-free brokers to choose from, most of which we have listed above. Simply confirm if it matches your requirements before you create a trading account.
From our research, the best free demo account is Plus500 since it is highly rated by users on Google Play and App Store. Note that there is no completely free broker. Although it doesn’t charge commissions, expect spreads, which are among the lowest.
Choose a stock trading broker that does not charge commissions for trading stocks. Most of the UK brokers also do not have minimum deposit requirements like our referenced ones above.
Conclusion
The cheapest stock brokers in the UK we recommend above allow you to enter into the trading and investment space with small capital. With these brokers, you can choose to purchase company shares and take ownership or trade them as CFDs or indices. The brokers also list additional assets, meaning you can easily diversify your portfolio and mitigate the risks of investing in a single asset.
Remember, success in cheap online trading comes not only from finding the cheapest options. You must also develop a solid understanding of the markets, implement effective risk management strategies, and continually refine your trading skills. With dedication, discipline, and a commitment to continuous learning, you can thrive in the world of cheap online stock trading and achieve your financial goals.
How we test?
Our test process is really based on two different aspects: our independent tests and research, as well as user reviews from Google Play, the App Store, and Trustpilot, etc.
The first thing we do when testing is to check every detail and test every tool and instrument. Our experts spend more than 200 hours on every article. We pay special attention to the specific function or the criteria that we’re comparing during the comparing stage. This means that we must determine which broker is more suited for beginners, and which is better suited for experts, for example. Find out more about our test process here.
Related Articles:
DeGiro is a broker good for beginners? Or do I need to start with a broker with a demo account?
Honestly, I didn't quite understand how to choose a broker before. But after reading this article, everything became clear! I chose Pepperstone, and I don't regret it. Their transparency and quick execution amazed me. Also, excellent reviews about AvaTrade convinced me of their reliability. Now I feel like a confident trader. My experience with Pepperstone is simply delightful! Fast trades, responsive support, and, most importantly, the growth of my portfolio. Thanks for the useful information!