The Best Trading Brokers for Beginners in the UK

Have you decided to take a plunge into the UK trading market and try your luck? Well, online trading may seem like a challenging venture, but it can be lucrative if you fully understand how to go about it. One of the tricks around successful trading for beginners in the UK is finding the best broker.  

We are fully aware that beginners require a platform that considers their needs. But, most importantly, the brokers’ platforms for newbies should be user-friendly and host beginner-friendly learning materials. These and more features are included in the brokers that we recommend for you below

Our list of the Best Trading Brokers for Beginners in the UK
94,379 User Reviews
3.6 rating
3.6
Visit site Read Review
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
2,376 User Reviews
4.2 rating
4.2
Visit site Read Review
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
1,710 User Reviews
3.5 rating
3.5
Visit site Read Review
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
32,073 User Reviews
3.7 rating
3.7
Visit site Read Review
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
20,893 User Reviews
4.4 rating
4.4
Visit site Read Review
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
99,329 User Reviews
3.9 rating
3.9
Visit site Read Review
Risk Warning
76.4% 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.
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.

Compare the Best Trading Brokers for Beginners in the UK

Knowing the needs of new traders, we carefully researched UK brokers so that we can recommend the best ones. Our expert researchers took their time to check various aspects of the brokers we tested, including trading platforms’ features, fees, after-sale services, reliability, demo accounts, and more.

Regulations
Payment & Withdraw options
Minimum Deposit
Assets Available
Demo account
Money Insurance

Compare with other broker
License
Payment
Minimum deposit
Stock Assets
Forex Assets
Commodities Assets
Demo account
Money Insurance
etoro in the uk
Visit siteRead Review
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
ASIC, CySec, FCA
Credit card, PayPal, Bank transfer, Neteller, Skrill, Trustly, WebMoney
£140
2044
47
14
Yes
Yes (up to £85,000)
Pepperstone UK
Visit siteRead Review
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
ASIC, CySec, FCA
Bank Wire Transfer, Credit cards, Neteller, Skrill, Paypal
£200
60
61
12
Yes
Yes (up to £85,000)
Visit siteRead Review
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
CFTC, ESMA, FCA, ASIC
Bank Wire Transfer
$100 (£72)
4500+
91
12
Yes
Yes (up to £85,000)
IG Markets UK
Visit siteRead Review
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
ASIC, FCA
Paypal, Bank Wire Transfer, Credit cards, Neteller, Skrill
£250
8000
90
34
Yes
Yes (up to £85,000)
Capital.com in the UK
Visit siteRead Review
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
CySec, FCA
Credit cards, Bank Wire Transfer
£100
2155
135
25
Yes
No
Visit siteRead Review
Risk Warning
76.4% 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.
ASIC, FCA
Bank Wire Transfer, Credit cards, Paypal, Skrill
£100
2000+
70+
4
Yes
Yes, up to €85,000 (£73,392 )

Compare brokers

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The research process couldn't be completed without reviewing user comments from Google Play, App Store, and Trustpilot. We believe that this combination is the best way to get accurate results. See how we rated some of the best brokers for beginners in the UK below. 

1. eToro - Overall Best Trading Broker for Beginners in the UK

etoro
etoro
etoro
etoro
etoro
etoro
etoro
etoro

eToro is the best platform to get started with if you want to explore various assets. It offers an easily navigable platform that guarantees a seamless experience. It also hosts adequate tools for learning and research. 

Regardless of the asset class you wish to trade in, eToro charges low trading fees. It’s even better when it comes to stock trading because you get to enjoy trading stocks for free. However, the minimum deposit of this broker is $200, which most traders will consider high. eToro also charges withdrawal fees. 

Additionally, the best trading broker for beginners in the UK supports its new clients with a social trading platform. You do not need to place a trade based on your research, especially if you are unsure of the outcome. Instead, you can interact with other traders, share trading ideas and copy the experts’ trades to increase your profit potential. 

TradingGuides Rating:
✔Copy/Social trading
✔Low minimum to fund an account and begin investing
3.6 rating
3.6
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
trustpilot
4,018 User Reviews
google
85,561 User Reviews
apple
4.8K User Reviews
TradingGuide
Our Rating
Total Rating:
94,379 User Reviews
Pros
  • User-friendly platform.
  • Social and copy trading features.
  • Free stocks trading.
Cons
  • Account base currency is in USD only.

2. Pepperstone - Best Trading Broker for Beginners with 24/7 Customer Service

pepperstone
pepperstone

If you plan to become an active trader who will be placing multiple trades daily, then Pepperstone is a considerable broker. Its trading platform is one of the easiest to use and has a social trading feature that lets you mirror expert traders’ open positions. 

Moreover, it has various educational materials, including articles, webinars, and videos, to further develop your trading skills. Trading fees for this broker are low, with zero inactivity and transaction charges

Pepperstone has impressive customer service that is available round the clock every day. This service is reliable and accessible via different channels such as phone, email, and live chats. You can test this broker out using its demo account and confirm its response rate. 

TradingGuides Rating:
✔ Safe and well-trusted broker
✔ Premium client service
4.2 rating
4.2
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
trustpilot
861 User Reviews
google
1,511 User Reviews
apple
4 User Reviews
TradingGuide
Our Rating
Total Rating:
2,376 User Reviews
Pros
  • Low trading charges.
  • Exceptional customer service.
  • Top-notch educational resources.
Cons
  • Limited product portfolio.

3. Forex.com - Best Forex Broker for Beginners in the UK

forex.com
forex.com
forex.com
forex.com
forex.com
forex.com
forex.com
forex.com

There are many forex brokers in the UK financial market, but our research findings make us believe that Forex.com is more suitable for beginners. This broker has an impeccable global presence and is known to be the biggest MetaTrader globally.

Forex.com has trading platforms that will make you trade forex for a more extended period. So even if you improve your trading skills and require more advanced tools, this broker has them at your disposal. 

The trading fees of Forex.com are also low. With access to over 4,500 global markets, you get to enjoy forex trading with more than 80 currency pairs

TradingGuides Rating:
✔ Unparalleled forex service
✔ Wide array of offerings
3.5 rating
3.5
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
trustpilot
114 User Reviews
google
1,527 User Reviews
apple
69 User Reviews
TradingGuide
Our Rating
Total Rating:
1,710 User Reviews
Pros
  • Low trading costs.
  • Advanced technical trading tools.
  • +80 FX currency pairs.
Cons
  • High stock CFD trading charges

4. Oanda - Best Stock Broker for Beginners in the UK

As a new stock trader, you need a broker to diversify your stock trading portfolio. Oanda allows you to trade various stocks, including indices and CFDs. All these assets are traded at a low cost, which is beneficial to you as a beginner.

The trading platform on Oanda is easy to use. Trades are executed faster, so if you are an active trader, you shouldn’t worry about the performance of your open positions. Other features include easy market access, segregated accounts for storing trading funds, and quality learning materials. 

Although this broker’s customer service availability is five days a week, it is reliable and responsive to traders’ inquiries and concerns. It also has a modern design demo account that is loaded with free $100,000 to test drive it with. 

Pros
  • Low trading charges.
  • Modern design trading platform.
  • Excellent research tools.
Cons
  • Customer support is available five days a week.

5. IG Markets - Best Trading Broker for Beginners with Great Research Tools

IG Markets
IG Markets
IG Markets
IG Markets
IG Markets
IG Markets
IG Markets
IG Markets

IG Markets is one of the biggest CFD brokers globally. It has more than 17,000 CFD assets to trade with and quickly diversify your portfolio. These assets, combined with advanced IG Markets’ research tools, increase your chances of making good profits. 

IG Markets trading platforms are more advanced with excellent trading tools. Its proprietary trading platform is a good choice for beginners to improve their skills and become independent. 

What’s more, this broker has a reliable mobile application. We advise you to download and install it on your mobile devices so that anytime you feel like trading, you can easily do so without worrying about accessing a desktop. 

TradingGuides Rating:
✔ Extensive range of offerings
✔ Leading broker with low fees
3.7 rating
3.7
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
trustpilot
36 User Reviews
google
11,737 User Reviews
apple
20.3K User Reviews
TradingGuide
Our Rating
Total Rating:
32,073 User Reviews
Pros
  • Excellent research resources.
  • A wide range of CFD instruments.
  • Fast execution trading platform.
Cons
  • High CFD trading fees.

6. Capital.com - Best Trading Broker for Beginners with the Lowest Spreads

Access over 3,000 global markets commission-free with Capital.com. Trade shares, forex, commodities, and cryptocurrencies at low spreads, which rates among the lowest in the trading industry. 

With Capital.com, your trading activities will be enjoyable. The broker has a fast order execution speed that will keep you updated with your trades’ performance. Another plus point for Capital.com is its educational materials. It’s easy and quick to learn how to trade using its online courses and trading guides. You also have a demo account to practice trading with before signing up for a real trading account

TradingGuides Rating:
✔ Market-leading spreads
✔ Highly regulated
4.4 rating
4.4
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
trustpilot
3,012 User Reviews
google
17,538 User Reviews
apple
343 User Reviews
TradingGuide
Our Rating
Total Rating:
20,893 User Reviews
Pros
  • Excellent charting tools.
  • Zero commissions.
  • No inactivity charges.
Cons
  • Limited product portfolio.

7. Plus500 - Trading Broker for Beginners with the Best Educational Resources

Plus500 is one of the UK brokers that we highly recommend to newbies. This broker has a single proprietary trading platform that executes trades incredibly well. With Plus500, you do not need to invest a lot of funds because the broker is commission-free. However, it earns its profits from spreads, which you will also notice are among the lowest in the industry. 

Trading while improving your skills on this broker’s platform will help you advance easily and quickly. The impeccable educational resources are available in varieties. You simply have to utilise them fully. 

Note that Plus500 is rated by its customers on App Store and Google Play as the best for mobile use. So it’s a reasonable assurance that you can still manage your trading activities whenever you cannot get access to a desktop. Give it a try using its demo account today. 

TradingGuides Rating:
✔ Most practical CFD platforms
✔ Regulated in many countries
3.9 rating
3.9
Risk Warning
76.4% 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.