If you’re looking for the perfect AI trading platform to dive into your ventures within the UK financial space, this is it. I’ve prepared this guide from personal experience whereby, through testing and comparing, I managed to rank top platforms with AI features. Whether you prefer mobile trading, are looking for a user-friendly option, or more, my list below has it all.
List of the Best AI Trading Platforms in the UK
- Pepperstone – Best for CFD Traders
- eToro – Beginner-Friendly
- OANDA Europe LTD – Top Option For Trading Forex*
- FP Markets – Best For Expert Traders
- CMC Markets – Best For Stock Trading
*76.6% of retail investor accounts lose money when trading CFDs with this provider
In this guide
Best AI Trading Platforms in the UK
Broker Reviews
I am an experienced trader and hence can understand how skeptical you may be about making your first investment through the interface of an AI platform. This is especially if you’re still a newbie with little or zero experience. However, so many people are joining the online investing bandwagon as their way of earning through such means. Over 51% of adult Brits have traded and invested in the financial landscape in 2024, from 42% in 2023. All it requires is a little strategy on your part and the choice of an apt platform.
Continue reading through the mini-reviews I have put together below. They should lead you through an apt option for your trading needs.
1. Pepperstone – Best for CFD Traders
Among the numerous CFD AI trading platforms in the UK, I find Pepperstone to be the overall best. This is indeed an online broker that will give either a new or professional trader a great user experience. The specific AI trading available from this broker can be accessed over several platforms, such as cTrader, MT4, MT5, and TradingView.
The best thing about the AI feature in Pepperstone is that you can apply it across more than 2,400 instruments. The securities are in a number of classes, including shares, forex, commodities, ETFs, and more. However, understand that there is no buying and taking full ownership of the assets. You can only trade them as CFDs.
Overall, I would still recommend the Pepperstone AI platform for a low-budget or active trader. It does not have any minimum deposit for its UK clients. In addition, you will be charged low spreads with minimised commissions on trades. If you want to spread bet, on the other hand, then Pepperstone will have you covered with this service via desktop and mobile devices.
Note that by August 2024, Pepperstone had more than 600,000 registered traders. It also has thousands of user reviews on Google Play, the App Store, and Trustpilot.
✔ No dealing desk intervention
- Has an intuitive AI trading interface
- Licensed and regulated by world-recognised authorities, including the FCA
- Besides the AI feature, users will enjoy social trading across multiple platforms
- Low trading fees starting from 0.0 pips on forex pairs
- Quality learning resources, including guides, video tutorials, and webinars
- No buying and taking ownership of the underlying assets
- No payment with cryptocurrencies
| Type | Fee |
| Minimum Deposit | $0 |
| Withdrawal fee | $0 |
| Deposit fee | $0 |
| Inactivity fee | No |
| Account fee | No |
2. eToro – For Beginners
I highly recommend eToro to newbies; this is quite easy to work with on both a computer and phone. In addition, the broker has quite vast learning materials any beginning trader would like to have in his possession. Furthermore, eToro provides you with a virtual demo account with £100,000 to practice trading and measure your abilities.
eToro’s AI feature is inbuilt into its CopyTrader platform. As a beginner, this is a plus because you will still have an opportunity to explore various instruments, even if you are not certain about what to trade. Through the CopyTrader, you will follow the most professional traders and automatically replicate their positions to earn profits when they do.
Besides, eToro is a multi-award-winning social trading platform. In this platform, you will connect with other global traders, learn how they strategise, and work on your weak points. This AI platform offers you community-driven ways of gaining very valuable knowledge.
As of January 2024, eToro recorded more than 35 million registered users globally. It proves that the platform is really trustworthy and quite reliable.
✔Low minimum to fund an account and begin investing
- Lists more than 7,000 trading instruments, including stocks, commodities, cryptos, indices, and more
- Commission-free stock trading
- A modern and intuitive design platform
- A free eToro Academy, with loads of learning resources
- Highly secured and regulated AI trading platform
- High fees for CFD trading
- There is a withdrawal fee of $5
| 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) |
3. OANDA Europe LTD – Best Option For Trading Forex
OANDA Europe LTD is a world-acknowledged broker that has been in the market for over 25 years. The broker is highly encrypted and regulated by FCA; hence, you can trust it with your data and funds. I also found this broker user-friendly and recommend it to any newbie trying to explore the AI trading feature.
I had one of the best experiences at OANDA Europe LTD, especially in forex trading. There is a wide range of currency pairs, including major, minor, and exotic. The best part is that trading forex on this AI platform comes with low fees from 0.8 pips. In addition, you can spread bet on the featured currency pairs and enjoy tax-free profits.
AI trading is available on OANDA Europe LTD’s MT4 platform. There’s also the TradingView and web-based OANDA Trade platforms that do host solid trading tools. The community section in TradingView does allow global forex traders to connect and share trading ideas or strategies. This is a CFD brokerage firm that does support trading not only in forex but also shares, commodities, indices, bonds, and more.
✔ Fast and user-friendly account opening
- Features a powerful MT4 platform featuring AI trading
- No minimum deposit required
- More than 70 currency pairs to trade
- Low forex trading commissions
- Only CFD and spread betting instruments are available
- Have an inactivity fee after 12 months
| 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.
Note: 76.6% of retail investor accounts lose money when trading CFDs with this provider.
4. FP Markets – Best For Advanced/Pro Traders
FP Markets has a lot of resources that, as a professional trader, I find quite appropriate for experienced traders. Many people testified to this on Google Play, the App Store, and Trustpilot, showcasing the reliability of the product among its users. Its MT4, MT5, Iress, cTrader, and TradingView platforms host some of the best resources for market analysis.
MT4 and MT5 are supported, offering AI trading. You can establish, backtest, and develop Expert Advisors through the platforms for automation of your activities. I have also been made to realize that the AutoTrade system provided by Myfxbook is also available on this platform. With this feature, you can copy trades from the best and most successful traders if you lack confidence in your skills.
FP Markets boasts 10,000+ CFD instruments, including forex, shares, commodities, ETFs, and more. With spreads from 0.0 pips on forex pairs and a reliable 24/7 support service, be rest assured of a worthwhile experience.
✔Accounts can be opened fast and easy
- Hosts multiple trading platforms for all types of traders
- Fast trade execution speed on desktop and mobile devices
- A reliable FP Markets Academy with an extensive collection of learning materials
- Regulated by top-tier financial regulators, such as the FCA
- Many instruments are available
- No price plan
- Only CFD instruments can be traded
| Type | Fee |
| Minimum deposit | $100 |
| Overnight fee | $0 |
| Deposit fee | $0 |
| Withdrawal fee | Depends on payment method |
| Inactivity fee | $0 |
5. CMC Markets – Best For Stock Trading
If you are willing to trade stocks with the help of an AI platform, then CMC Markets is worth trying. This FCA-regulated AI platform lists more than 10,000 stocks to trade as CFDs or spread betting. These are popular names including, but not limited to, Apple, Zoom, Microsoft, and many more. I also like the fact that professional clients have a CMC Alpha platform on CMC Markets. You will enjoy spread discounts of 5% to 40%, interest on your account, and priority customer service.
CMC Markets offers AI trading through its MT4 platform. In addition, you will enjoy a great deal of quality learning and research material on the web NextGeneration platform and enhance your chances of developing solid strategies. Besides CFD trading, CMC Markets is one of the best spread betting brokers, with additional features including FX Active, CMCPrice+, among others.
I love the immense resources boasted of by CMC Markets and how it creates the ability for users to actually spread their portfolios across a wide array of instruments. This includes forex, commodities, ETFs, treasuries, and many more. All these and many more at no minimum deposit requirement.
✔ Great selection of assets
- No minimum deposit requirement for UK clients
- AI trading via the MT4 platform
- Quality learning and research materials
- Over 10,000 CFD stocks to explore
- Crypto trading is only available for professional traders
- CFD and spread betting assets only
| Type | Fee |
| Minimum Deposit | £200 |
| Inactivity fee | £10 monthly |
| Withdrawal fee | £0 |
| Deposit fee | £0 |
Compare Brokers Table
Before giving these recommendations, I have compared several brokers offering the AI trading feature. In general, I found 20 AI trading platforms regulated by the Financial Conduct Authority (FCA). I believe the best AI platform should be secure, and one way to be certain is to confirm its regulatory status.
I signed up for demo accounts at several brokers and compared their products on various elements: minimum deposit required, commission/spread, transaction fees, asset offerings, research tools, speed of execution, and support service reliability. As an active trader and financial advisor at a leading global company, I shortlisted only those that met my specifications.
I couldn’t conclude this research without knowing what other users have to say. I visited Google Play, the App Store, and Trustpilot and sampled as many comments and ratings as I could. Then, I combined the findings with my test results to make sure I recommend something based on what a platform offers, not on what impresses the brokerage.
You can see a table below summing up key features of the best AI trading platforms.
| AI Trading Platforms | Licence | Support Service | Software | Payment | Demo Account |
|---|---|---|---|---|---|
| Pepperstone | FCA, ASIC, DFSA | 24/7 | MT4, MT5, cTrader, TradingView, Capitalise.ai, Social Trading | Credit cards, Bank transfer, PayPal, Neteller, Skrill, Union Pay | Yes |
| eToro | ASIC, CySEC, FCA, FSAS | 24/5 | eToro investing platform, Multi-asset platform, Copy Trader | Debit card, Bank transfer, Neteller, Skrill, eToro Money, Online Banking | Yes |
| OANDA Europe LTD | FCA, CySEC, FSA | 24/5 | MT4, OANDA Trade | Credit/debit cards and Bank transfer | Yes |
| FP Markets | CySEC, ASIC, FCA | 24/7 | MT4, MT5, cTrader, Iress, | Credit/debit cards, Bank transfer, PayPal, Neteller, Skrill, PayTrust FasaPay | Yes |
| CMC Markets | FCA, CySEC, ASIC, MAS, FSA | 24/7 | MT4 | Bank Wire Transfer, Credit/debit cards, Paypal, Skrill | Yes |
How to Choose AI Trading Platform
You will need an astute eye to choose the ideal AI trading platform. You have to be committed and invest a lot of time to find out what exactly matches your trading demands. Thankfully, I’ve shared some guiding elements below in this regard as a way of saving time for you.
Settle with a broker that has high encryption protocols in place. This way, you are guaranteed your data’s safety. Besides that, it is very important to check on its regulatory status. For example, if you are in the UK, ensure that a trading platform is licensed by the FCA to avoid falling victim to scammers. If it has other established authorities overseeing it, this further guarantees its credibility.
Your preferred instruments should be listed on the best platform that uses an AI feature. Do not just think that AI is going to do everything for you, even managing trades that you know nothing about. Human input is what ensures things turn out just right. Therefore, ensure that a platform that you choose lists those assets you understand, be they forex, shares, ETFs, and indices, among others.
Ensure that the AI platform you use matches up to your skills. For example, novices should settle for those with user-friendly and intuitive interfaces. Having a fast trade execution speed is also crucial, especially if you are looking to alternate between AI and manual trading. Also, confirm a platform’s compatibility with mobile devices. This is especially if you are always on the move and would like to manage your activities regardless of your whereabouts. And do not forget to check the availability of learning and market analysis tools.
Check the AI feature on a site before investing in it. Is it one where you will backtest strategies, use set algorithms or be able to program yours? Look for what will work best for you in an exciting manner.
Pay attention to the applicable charges once you commit to any AI trading platform. Confirm all trading and non-trading fees fit your budget set aside for this course. You do not want to end up overspending, considering the financial market is unpredictable, and you may incur losses too. Some of the charges you should look out for include commissions/spreads, transaction costs, financing charges, maintenance costs, among others.
Whether you are fresh into AI trading or you’ve been in this landscape for a more extended period, find a broker backed up by a professional team. This is because challenges will occur at some point, and you want a team that will promptly respond and provide you with relevant solutions.
Do not risk your hard-earned money without fully understanding what a platform has to offer. Therefore, check whether it has a demo account to test it and gauge your skill level free of charge. Note that some platforms have time limits, so choose what works best for you.
Most importantly, do not forget to go through other users’ opinions and reviews about experiences with the AI trading platforms in your sights. Stop by Google Play and App Store and get a feel for as many ratings and comments as you can to grasp what awaits you when you commit to a particular site.
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.
FAQs
Yes. AI trading platforms can be suitable for beginners, provided they take the time to educate themselves about trading concepts and the functionalities of AI algorithms. These platforms offer user-friendly interfaces and automated strategies that can assist beginners in making trading decisions.
Using AI trading platforms comes with several benefits. These platforms can analyse vast amounts of data quickly, leading to data-driven trading decisions. They operate without emotions, ensuring disciplined execution and reduced human biases. AI platforms can also monitor markets around the clock, potentially identifying more opportunities.
No. AI trading platforms do not guarantee profits. While AI algorithms can enhance trading efficiency, they’re not immune to market risks and uncertainties. Markets can be unpredictable, and even the most sophisticated algorithms may experience losses. Traders should approach AI platforms with realistic expectations, employ risk management practices, and be prepared for both gains and losses.
Many AI trading platforms are regulated, but this varies depending on the platform and the jurisdiction. Before using an AI trading platform, ensure the appropriate financial authorities regulate it. Regulatory oversight provides a level of protection and accountability for traders.
Yes. You can use multiple AI trading platforms simultaneously. However, managing multiple platforms requires careful consideration. Each platform may have different strategies, risk profiles, and trading parameters. Ensure you clearly understand each platform’s algorithms and features, and monitor their performance diligently.
Conclusion
Now that you know the best platforms with AI features in the UK, you probably can’t wait to get started with trading. Before you do, understand that the market carries risks. Artificial Intelligence in trading doesn’t guarantee profits. You should always track your positions and develop your own strategies to ensure your trade works out as planned.
Demo accounts of any of the AI platforms are what I would encourage. Always backtest your strategies first and build up your confidence before venturing to invest real money. Though AI trading saves you much time and money, only the right approach will make it worth it. Never stop learning, stay abreast with market developments, and always stick to your plan.
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