Best Index Brokers in the UK November 2024

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Are you ready to venture into the world of index trading in the UK but unsure where to find the most reliable brokers? Your search ends here. We’ve taken the hard work out of the equation and crafted this comprehensive guide to unveil the top index brokers in the UK. Discover what criteria to keep in mind when selecting the ideal broker and explore the exciting world of popular indices that can enhance your trading journey. 

Essence

  • Understanding the UK index market involves tracking indices like the FTSE 100, FTSE 250, and FTSE All-Share.
  • To lower risk exposure, it’s smart to diversify your portfolio by trading a combination of different stocks.
  • Trading hours match the UK stock market’s operating hours, spanning from 8 AM to 4:30 PM.
  • Indices can be traded using various methods such as futures, options, ETFs, or CFDs.
  • Carefully manage leverage and employ risk management tools to protect investments.
  • Stay informed about economic, political events, and market sentiment to make informed trading decisions.
  • Prioritize regulated brokers and factor in potential tax implications when trading indices
  • If you’re new to index trading, consider starting with a demo account to gain practice and confidence before risking real money.

List of the Best Index Brokers in the UK

  • Pepperstone – Best Indices Broker With Excellent Support Service
  • Admiral Markets – Best Index Broker For CFD Traders
  • Plus500 – Best Index Broker in the UK
  • eToro – Best Index Broker for Education in the UK
  • FP Markets – Best Indices Broker For MetaTrader Users
  • FxPro – Best Index Broker With a Low Minimum Deposit Requirement
  • Interactive Brokers – Overall Best Broker for Trading Indices
  • Fidelity – Best Index Broker for Advanced Traders
  • City Index – Index Broker with the Zero Commissions in the UK

Compare Best Index Brokers in the UK

Our comparison table below offers a quick reference for key features, helping you choose the one that aligns best with your trading preferences.

demo account
Demo Account
Minimum Deposit
Money Insurance
Licenses
License
Payment Methods
Payment
Money Insurance
Support Service
Software
Software
Best Index BrokersLicenceSupport ServiceSoftwarePaymentDemo AccountMoney Insurance
PepperstoneFCA, ASIC, DFSA, CySEC, BaFin, SCB, CMA24/7MetaTrader 4, MetaTrader 5, cTrader, TradingViewCredit cards, Bank transfer, PayPalYesYes (up to £85,000)
Admiral MarketsFCA24/5MT4, MT5, MT WebTrader, Admiral Markets PlatformBank Wire Transfer, Credit/debit cards, Skrill, Neteller, Paypal, Klarna, iDEALYesYes (up to £85,000)
Plus500 FCA, CySEC, ASIC, MAS, FSA24/7Plus500 WebtraderBank Wire Transfer, Credit/debit cards, Paypal, SkrillYesYes (up to £85,000)
eToroASIC, CySEC, FCA, FSAS24/5eToro investing platform, Multi-asset platform, Copy TraderDebit cards, Bank transfer, Neteller, Skrill, eToro Money, Online BankingYesYes (up to $250,000)
FP Markets CySEC, ASIC24/7MT4, MT5, cTrader, Credit/Debit cards, Bank transfer, BPay, Poli, PayPal, Neteller, Skrill, PayTrust, FasaPay, Online Pay, and Broker to BrokerYesYes (up to $500,000)
FxProFCA, CySEC, FSCA, SCB, FSCM24/5FXPro Trading Platform, MetaTrader 4, MetaTrader 5, cTraderWire transfers, Credit/Debit cards, PayPal, Neteller, SkrillYesYes, €20,000
Interactive BrokersFCA, FSA, CFTC24/5IBKR Mobile, APIs, Trader Workstation,Bank or wire transfersYesYes
FidelityFCA24/7Fidelity.com, Active Trader ProBank Wire Transfer, Credit cards Neteller, Paypal, SkrillYesYes (up to $250,000)
City IndexFCA24/5MetaTrader 4, WebTrader, Mobile App, Trading ViewBank transfer, Credit/debit cards, PayPalYesYes (up to £85,000)

In our pursuit of excellence in index trading, we’ve diligently researched and assessed the top index brokers in the UK. We understand that fees and available assets are vital considerations for traders. That is why we have prepared tables below highlighting our recommended brokers’ fees and assets for informed decisions.

Fees

Best Index BrokerFeesMinimum Deposit RequirementTransactionInactivity
PepperstoneFrom 0.0 pips£0FreeNone
Admiral MarketsFrom 0.0 pips£250Free, but 1% exchange
fee
€10 monthly
Plus500From 0.0 pips£100Free£10 monthly
eToro2 pips$100$5 withdrawal$10 monthly
FP MarketsFrom 0.0 pips£100FreeNone
FxProFrom 0.0 pips$100Free$15 once + $5 monthly
Interactive BrokersFrom $0.01 commission on US stocks£0FreeNone
FidelityFrom £0£0FreeNone
City IndexFrom 0.0 pips£1002% deposit fee. Free withdrwals£15 monthly

Assets

Best Index BrokerForexStocksCommoditiesETFsOptions
PepperstoneYesYesYesYesNo
Admiral MarketsYesYesCFDs on commoditiesYesNo
Plus500 (CFDs)YesYesYesYesYes
eToroYesYesYesYesYes
FP MarketsYesYesYesYesNo
FxProYesYesYesYesNo
Interactive BrokersYesYesYesYesYes
FidelityNoYesNoYesYes
City IndexYesYesYesYesYes

Our Opinion & Overview of the Best Index Brokers in the UK

​​Choosing the right index broker is a critical decision for traders. Below, we provide expert insights to help you make an informed choice, ensuring a suitable match for your trading needs.

1. Pepperstone – Best Indices Broker With Excellent Support Service

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Pepperstone website
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From our analysis, Pepperstone is one of the top indices brokers with excellent support service. We contacted its team via email, live chat and phone, and their response was prompt. Plus, they handled our questions very professionally, thus allowing us to start index trading on a good note. We also like this broker’s learning resources. We find them very informative and easy to understand, especially for newbies. Furthermore, the availability of a demo account makes it easier for users to test the broker’s performance and gauge their skill level without risking real money.

Pepperstone allows users to trade indices as CFDs and spread betting. Some of the most popular stock indices you will explore include the US500, UK100, and JPN225. The best part is that indices trading at Pepperstone is commission-free with low spreads from 1 point on AUS200. Besides indices, users can diversify their portfolios with additional securities, including shares, forex, commodities, cryptos, and more.

Pepperstone Review
TradingGuides Rating:
✔ Top tier liquidity
✔ No dealing desk intervention
Pros & Cons
Fees
Trading Assets
Pros
  • No minimum deposit requirement
  • A user-friendly and intuitive design platform
  • Quality market analysis tools on its cTrader, TradingView, MT4, and MT5 platforms
  • Users can engage in social and copy trading
Cons
  • Indices trading fees can be higher compared to its peers
  • No buying and taking full ownership of the featured assets

Type Fee
Minimum Deposit  $200
Withdrawal fee $0
Deposit fee $0
Inactivity fee No
Account fee No

1200+ instruments across FX, indices, cryptocurrencies*, equities, energy and commodities, and more, across three, free powerful platforms.

*Only Pro clients get access to cryptos.

2. Admiral Markets – Best Index Broker For CFD Traders

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CFD traders looking for a reliable broker should consider Admiral Markets. From our analysis, this CFD broker is one of the most user-friendly with intuitive designs. We also like that it executes trades seamlessly on all devices, thus allowing users to manage their activities anywhere they see fit. On top of that, Admiral Markets UK is loaded with quality learning and research materials on its MT4 and MT5 platforms.

We traded over 40 CFDs on indices at Admiral Markets, including CFDs on cash indices and index futures. While we find its spreads a bit higher than its peers, this index broker allows retail traders to explore leverage trading with limits up to 1:20. Plus, there are additional CFD instruments for your portfolio diversification. These include forex, commodities, stocks, ETFs, and more. We also tested its support service responsiveness and believe that you will get the exciting support.

Admiral Markets Review 2024
TradingGuides Rating:
✔ Low spreads and attractive commission
✔ Advanced trading tools
Pros & Cons
Fees
Trading Assets
Pros
  • Lists over 40 CFDs on indices to explore
  • Quality learning resources, including guides, e-books, and recorded videos
  • An award-winning STP broker with fast trade execution speed on all its platforms
  • Hosts advanced market analysis resources on its MT4 and MT5 platforms
Cons
  • We found trading fees higher than compared to most of its peers
  • We believe that minimum deposit requirement (£250) could be lower

Type Fee
Minimum deposit £250
Deposit fee $0
Withdrawal fee 1 free withdrawal request every month, after – 1%
Inactivity fee Monthly €10
Overnight fee Yes

Admiral Markets is a great broker with great trading opportunities. You can start investing with just £1 and trading with £100 on more than 4,000 stocks from the New York Stock Exchange, Nasdaq, FTSE, and more.

Admiral Markets offers the most advanced trading tools and services and sophisticated operations, including technical analysis indicators and trading strategy templates.

Risk warning: 61% of retail CFD accounts lose money.

3. Plus500 – Best Index Broker in the UK

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*Illustrative prices

Plus500 emerges as an outstanding index broker in the UK. Our testing revealed a seamlessly user-friendly experience, offering quick access to all essential resources. What sets Plus500 apart is its singular, proprietary platform, simplifying the navigation of the index market for users. We also explored a wealth of learning resources and a dependable 24/7 support service, making it an ideal entry point for traders. You can get started with as little as £100.

Noteworthy is Plus500’s inclusion of globally renowned indices like USA 100, US-TECH 100, and France 40. Leverage trading, with limits reaching up to 1:20, adds flexibility. Rely on this broker’s free real-time index quotes and market insights for a robust foundation in strategy development. Hence, our verdict is a resounding 5-star rating for Plus500.

Plus500 Review
TradingGuides Rating:
✔ Educational materials
✔ Regulated in many countries
Pros & Cons
Fees
Trading Assets
Pros
  • Low minimum deposit requirement
  • High leverage limit for professional index traders
  • Lists additional securities, including shares, commodities, forex, and more, for portfolio diversification
  • One of the most highly-rated mobile apps on Google Play and the App Store
Cons
  • Inactivity fee of £10 monthly applies after only three months
  • Limited asset offerings compared to its peers

Type Fee
Overnight Funding yes
Currency Conversion Fee 0.7%
Guaranteed Stop Order spread applies
Inactivity Fee $10 per month
Withdrawls/Deposits  $0

Plus500 provides access to 2800+ CFDs across a wide range of different asset classes, including: Indices – Country and Sector, Forex, Commodities, Individual shares, ETFs, Options

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.

4. eToro – Best Index Broker for Education in the UK

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Based on our exploration of eToro, it’s a standout choice for index trading education, especially for those in the UK. Its user-friendly platform makes it easy to trade and invest in major stock indices using CFDs, allowing users to benefit from price movements without owning the underlying assets. eToro also has a social trading platform, which is a valuable feature that enables users to connect with fellow index traders, share ideas, and learn from each other. You will also enjoy the broker’s copy trading platform that allows you to follow expert traders and replicate their trades if you lack confidence in your own trading strategy. With ample educational resources, including guides, videos, webinars, and more, we rank eToro with 5-stars.

eToro Review
TradingGuides Rating:
✔Copy/Social trading
✔Low minimum to fund an account and begin investing
{etoroCFDrisk}% of retail CFD accounts lose money
Pros & Cons
Fees
Trading Assets
Pros
  • Easy-to-use platform.
  • Wide range of major stock indices.
  • Social and copy trading platform to improve index trading skills.
Cons
  • High minimum deposit requirement for copy trading.

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)

  • Stocks – there is a total of 800 stocks offered ranging from the biggest tech businesses in the U.S. to smaller companies from all over the world. Stock trading is always commission-free with eToro.
  • Cryptocurrencies – being one of the first brokers to jump on the cryptocurrency bandwagon, it comes as no surprise that eToro dominates this segment. With more than 20 coins and a number of cryptocurrency pairs, there is enough for all crypto traders.
  • Currency Pairs – in the early days, eToro was just another FX broker and even though they’ve developed since, the broker has stayed true to its roots. As a trader, you can choose between 49 currency pairs ranging from majors and minors to a few exotic ones.
  • Long-Term Investments – unlike many online brokers, eToro is also suitable for long-term investments. For example, their investment portfolios are a great way to diversify your portfolio and limit risk.
  • Additional assets – in addition to the above, eToro provides access to commodities, indices, and ETFs as CFDs. There is also a range of unique assets such as Crypto Portfolios that are only offered by eToro. This means that you can create a diverse portfolio with ease.

5. FP Markets – Best Indices Broker For MetaTrader Users

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We also tested FP Markets and find it one of the best index brokers, especially for traders looking for MetaTrader platforms. Besides hosting the MT4 known for forex trading, this broker also has the MT5 platform, where you can explore diverse range of indices and additional assets for portfolio diversification. Note that FP Markets has a minimum deposit requirement of £100, and all transactions are free. Trading charges are also low, starting from 0.0 pips, making it ideal for frequent or low-budget traders. Besides MetaTrader platform, FP Markets also hosts the Iress platform known to offer access to live streaming prices, cutting-edge technical analysis and charting tools. We, therefore, give this broker a 4.8-star rating. 

FP Markets Review 2024
TradingGuides Rating:
✔Low trading fees
✔Accounts can be opened fast and easy
Pros & Cons
Fees
Trading Assets
Pros
  • Low minimum deposit requirement.
  • Access to diverse indices and additional 10,000+ CFD assets.
  • Commission-free index trading.
  • Quality learning and research tools.
Cons
  • Only CFD assets are offered.

Type Fee
Minimum deposit $100
Overnight fee $0
Deposit fee $0
Withdrawal fee Depends on payment method
Inactivity fee $0

There are plenty of trading options to choose from on FP Markets. These include 70+ currency pairs, more than 10,000 stocks on global exchanges, 5 cryptocurrency CFDs,  46 ETFs, 19 major global indices, and commodities. The commodities available include gold, silver, oil and more.

6. FxPro – Best Index Broker With a Low Minimum Deposit Requirement

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We tested many UK index brokers and consider FxPro the best choice with a low minimum deposit requirement. While getting started with this broker, we were welcomed with a straightforward account opening procedure and a minimum deposit requirement of £100. The best element is that all deposits are free of charge, whether you transact using debit/credit cards, e-wallets, or bank transfers. Traders can engage in CFDs on popular indices from Europe, Asia, and America, enhancing portfolio opportunities.

The leverage limit of up to 1:20 for retail traders adds flexibility in index trading. Users can explore this trading method via any of its four platforms, including FxPro web, MT4, MT5, and cTrader. This makes it easier for beginners and professional traders to trade indices and transition to a more advanced platform without seeking other brokers. Besides indices, we also traded an additional 2100+ assets, which contributed to our extensive portfolio diversification. 

FxPro Review 2024
TradingGuides Rating:
✔ Unique trading tools
✔ Trustworthy broker
Pros & Cons
Fees
Trading Assets
Pros
  • Low minimum deposit requirement
  • Advanced trading platforms with quality research resources for professional traders
  • High leverage limit of up to 1:500 for professional traders
  • Reliable and responsive 24/5 support service
Cons
  • Limited asset offerings compared to its peers
  • Limited learning tools compared to some of its peers

Type Fee
Minimum deposit $100
Withdrawal fee $0
Inactivity fee $15 once + $5 monthly

FxPro offers traders a wide range of investment products, including 70 currency pairs, as well as over 2000 different stocks.

7. Interactive Brokers – Overall Best Broker for Trading Indices

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After testing Interactive Brokers, we found it to be the top choice for trading indices. This platform offers a wide range of indices to trade, and it’s an excellent place to learn and research before opening positions. It provides a wealth of tools to support your index trading journey. For experienced traders, IBKR is an ideal place to continually improve their skills and become top-notch index traders. Interactive Brokers also supports index trading with CFDs, and their low trading fees make it accessible to budget-conscious traders. With variety of assets and no limit in minimum deposit requirement, we give this broker a 5-star rating. 

Interactive Brokers Review
TradingGuides Rating:
✔ One of the oldest broker
✔ Top trading platform for advanced
Pros & Cons
Fees
Trading Assets
Pros
  • Access to a wide range of index trading markets.
  • Low trading charges.
  • Excellent research and learning tools.
Cons
  • Website is challenging to navigate, especially for newbies.

Type Fee
Minimum Deposit $10
Deposit Fee Free
Withdrawal Fee Free
Inactivity Fee $0

Interactive Brokers’ clients can trade stocks, options, futures, forex, cryptocurrencies, bonds, and funds in 150 markets.

8. Fidelity – Best Index Broker for Advanced Traders

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Fidelity stands out as the best choice for advanced traders because it provides advanced trading tools, including comprehensive charting packages that are essential for staying in control of your trading activities. From our experience, the platform offers a broad range of indices to diversify your portfolio, giving you numerous options to choose from. We were also impressed with its low trading costs, ensuring your trading capabilities aren’t constrained by high fees. Moreover, Fidelity has no minimum deposit requirement, making it an excellent fit even for experienced traders on a tight budget. Our experience with Fidelity left us convinced that it’s an excellent choice for advanced traders looking to take their index trading to the next level. In this regard, we give it a 4.1-star rating.

Fidelity Review 2024
TradingGuides Rating:
✔ Strong customer service
✔ Great selection of mutual funds
Pros & Cons
Fees
Trading Assets
Pros
  • 24/7 customer service.
  • Zero minimum deposit.
  • Low trading charges.
Cons
  • High margin rates.

Type Fee
Minimum deposit $0
Overnight fee $20
Deposit fee $0
Withdrawal fee $0
Inactivity fee $0
Stock trading $0
Options $0
ETFs $0
Bonds and CDs $0

  • Stocks
  •  ETFs
  • Options
  • Selection of no-expense-ratio index funds

9. City Index – Index Broker with the Zero Commissions in the UK

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Our experience with City Index has been impressive, especially for UK traders looking to save on trading costs. The fact that it offers zero commissions is a great way to preserve your trading capital while aiming for profits. While the broker doesn’t charge commissions, there are spreads, starting from just 0.3 points. Users will also need a minimum deposit of $100 to get started. City Index allows you to trade indices as CFDs and spread betting. It offers a diverse selection of over 20 global indices, including 14 UK sector indices. We found that trades are executed swiftly, and the platform is highly customizable to cater to various trading styles. Our exploration of City Index left us quite satisfied with its offerings, and for this reason, we give it a 4-star rating.

City Index Review
TradingGuides Rating:
✔ Trustworthy broker
✔ Large product catalogue
Pros & Cons
Fees
Trading Assets
Pros
  • Wide range of research tools
  • Zero commissions.
  • $100 minimum deposit requirement.
Cons
  • No signup bonus.

Type Fee
Minimum deposit £100
Overnight fee +2.5% on long positions
Deposit fee 2%
Withdrawal fee 0$
Inactivity fee $15
EUR/USD spreads from 0.5 pts
Trade major indices with spreads from 0.4 pt
Commission on shares 0.08%
Trade US Crude with spreads from 1.5 pts
Spot gold spreads from 0.5 pts

City Index has a wide selection of over 12,000 assets. You can trade CFDs on over 4500 shares, and over 65 global currency pairs.

What do Other Traders Say?

We’ve diligently examined user feedback from platforms like Google Play, the App Store, and Trustpilot to provide a balanced perspective on the best index brokers in the UK. These insights are crucial for your broker selection.

eToro

eToro review eToro

eToro stands out for its social trading features and user-friendly interface. Most users praise its innovative approach, allowing them to copy the trades of experienced investors. However, some may find the fees slightly higher compared to other platforms.

  • “I want to give a big shout-out to eToro for their awesome customer service. They’re a super cool company that genuinely cares and isn’t afraid to show it!” – Nicolas Griss-Trempe

  • “I have tried so many trading platforms before but Etoro is my favorite ? I truly recommend using it” – MaissAsh

FP Markets

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Users appreciate FP Markets for its competitive spreads and access to a wide range of assets. The broker often receives positive remarks for its customer service and trading conditions. Traders looking for diverse investment opportunities tend to favor FP Markets.

  • “The app is user friendly. Even for beginners, it is easy to use, and the customer service live chat is quick in replying.” – Wayne K

  • “Awesome! I’ve been trading with their mobile app for a while now and no issues or lags have occurred; their UI is also clean and smooth.” – Edwina G

Interactive Brokers

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Users generally appreciate Interactive Brokers for its comprehensive trading tools and research resources. They often highlight the platform’s professional-grade features and competitive pricing.

  • “Both IBK, mobile app, and ibkr desktop app are user-friendly and accurate. The mobile has an easy to navigate interface, it is well organized.” – Diuvert Lopez

  • “Interactive brokers is generating value for its customers and shareholders, with first tier services, as well as complete and efficient platforms to operate in worldwide financial markets.” – Auditor

Fidelity

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Fidelity is well-regarded for its robust research tools and long-term investment options. Users often choose it for retirement and investment accounts. However, some traders focused on active trading might find the platform less suitable for their needs.

  • “I use the app daily to check on my portfolios, buy and sell stocks, perform transfers across accounts, and do limited research on investment opportunities. I also manage my daily expenses via the credit card offered by Fidelity. I prefer the legacy mode over the new interface functionality. The user interface is intuitively easy to navigate and use. It doesn’t offer as much functionality as the web portal, but it is exceptional in terms of portability, accessibility, and functionality.” – Daniel Guntermann

  • “The staff member Brenda , I spoke to was knowledgable and very professional , she answered all my queries and was very very helpful .” – Jita Mehta

City Index

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City Index receives positive feedback for its user-friendly platform and educational resources, making it suitable for traders of all levels. Users often commend its customer support and reliability, particularly for those starting in the trading world.

  • “I must say I’m not sure why people are writing bad reviews, I have been a trader for a few years now with city index and I must say I can not fault them at all.” – gp.c

  • “The Customer Service Officer who attended to me was very helpful in resolving my issue.He was very approachable person and was very patient .” – Thanabalan Rajoo

The Ultimate Guide About Trading with Index Brokers

Understanding the world of index trading and choosing the right broker is just the beginning of your trading journey. In the sections below, we’ll dive into every aspect of trading with index brokers. From getting started to choosing the best broker, exploring popular indices, and finding the easiest broker to trade with, we’ve got you covered. 

How to Start Trading with Index Brokers

Embarking on your journey as a trader with index brokers is an important step. Before you start index trading, here are some points you should note.

  1. Educate Yourself About the Market: Knowledge is your most potent tool in trading. Understand the basics of financial markets, asset classes, trading terminology, and strategies.
  2. Set a Realistic Budget: Determine the amount of capital you’ll allocate for trading. This should mirror what you plan to invest in live trading, helping you develop a realistic trading approach.
  3. Choose the Best Index Broker: Select a broker that aligns with your goals. Look for a platform that offers a wide range of assets, user-friendly tools, educational resources, and more.
  4. Develop a Trading Strategy: Establish clear goals and a trading strategy before you start. Decide on your preferred trading style and outline your entry and exit criteria.
  5. Utilize Risk Management Tools: Implement risk management techniques to protect your capital, including setting stop-loss orders and position sizing.
  6. Keep a Trading Journal: Maintain a detailed journal to track your trades, strategies, and progress. This journal will help you identify areas for improvement.
  7. Practice Patience and Discipline: Emotional control is key to successful trading. Be patient, stick to your strategy, and avoid impulsive decisions.

How to Choose the Best Index Broker in the UK

Selecting the right index broker is crucial for a successful trading journey. To make an informed choice, consider these key factors.

Ensure the broker is regulated by authorities like the Financial Conduct Authority (FCA) in the UK for trust and security.

Check the diversity of assets available for trading, including stocks, forex, commodities, cryptocurrencies, and indices.

Understand the fee structure and be aware of any hidden costs that might impact your profitability.

Look for an intuitive platform with essential tools and educational resources.

Go to Google Play, the App Store, and Trustpilot to analyse other users’ testimonials for informed choices.

Reliable customer support is essential, so assess the platform’s reputation for helpful assistance.

A range of indices can be traded in the UK, with the FTSE 100, FTSE 250, and FTSE All-Share being the most well-known. The FTSE 100 comprises the largest 100 companies listed on the London Stock Exchange (LSE). Understanding these popular indices is essential for trading success.

Which Broker is Easiest to Trade Indices?

Finding the easiest index broker depends on your experience level and preferences. Brokers like IG Markets and City Index are known for their user-friendly platforms, making them suitable for traders of all levels. However, the ease of trading also depends on your familiarity with the broker’s tools and features.

5 Quick Steps To Start with Index Broker

Starting your trading journey with an index broker is a straightforward process that involves a few key steps. Here’s a quick guide to get you started.

Step 1: Visit Your Broker’s Website for Account Registration
Step 2: Create a Trading Account
Step 3: Identity Verification
Step 4: Make a Deposit
Step 5: Trade Indices

Begin by visiting the official website of your chosen index broker. You’ll typically find an option to create an account or sign up.

Click on the “Sign Up” or “Create Account” button and complete the registration form. You’ll need to provide some personal information, including your name, email address, and contact details. Ensure that the information you provide is accurate and matches your identification documents.

To comply with regulatory requirements, the broker will need to verify your identity. You’ll be asked to provide a copy of your identification documents, such as a passport or driver’s license, and proof of address. This process may take some time, so be patient.

Once your account is successfully registered and verified, it’s time to fund your trading account. You can choose from various deposit methods, including bank transfers, credit cards, or online payment systems. Select the method that suits you best and follow the instructions to make your deposit.

With your trading account funded, you’re now ready to start trading indices. Log in to your trading platform, select the indices you want to trade, and execute your trades based on your trading strategy. Keep an eye on the markets, manage your positions, and adjust your strategy as needed. Also, consider using risk management tools to protect your capital as you begin your trading journey.

Pros and Cons to Trade with Index Broker

Trading with an index broker has its advantages and disadvantages, and understanding these can help you make an informed decision. 

ProsCons
Trading with index brokers allows you to spread your risk by investing in a variety of stocks at once.You can’t choose specific stocks when trading indices, missing out on individual opportunities.
It’s easy to buy and sell index-based products quickly, reducing the risk of unexpected price changes.Broader economic events can impact index trading, making it difficult to time the market.
Index trading is open to traders of all levels and can be done using various financial instruments.You have less control over your investment portfolio as you track an entire index.
Trading indices often costs less than buying individual stocks, thanks to lower fees.
You can benefit from overall market trends when trading indices.

FAQs

Can you make money trading indices?

Yes. Many traders are making money* trading indices. The first step to success is choosing a suitable broker like the ones we recommend above.

*Don’t invest unless you’re prepared to lose all the money you invest.

Can you trade indices in the UK?

Yes. There are many brokers in the UK offering various indices to trade with. Simply choose a suitable one and give index trading a try.

Does IG broker offer indices?

Yes. IG Markets is one of the most popular index brokers and has proven to be the most trusted for trading index by UK traders.

How do you trade indices?

First, learn how index trading works. Second, decide on the type of indices you want to trade and choose the most suitable index broker. You will then have access to the trading markets, where you will be free to open a position and monitor your trading activities.

Is index trading regulated?

Absolutely. The best index broker should be regulated by a world-class authority. For the UK market, the FCA is the leading financial regulator.

Conclusion

Before diving into index trading, your first step should be to master the intricacies of this financial practice. Equally important is selecting a top-notch index broker, ideally one recommended for its streamlined services. Keep in mind that a reliable broker alone doesn’t guarantee profitable trades. It’s crucial to conduct thorough research, stick to your trading plan, and exercise patience. Learning from seasoned professionals and staying updated on market developments are additional vital aspects. By following this guidance, you can navigate the dynamic world of index trading more effectively and increase your chances of success.

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.

Thadeus Geodfrey logo
Thadeus Geodfrey

Is a regular dad trying to be smart about how we play and win in this big game of life. He has worked within the very best of the financial industry producing numerous training resources. He is an experienced copywriter with immense financial background. Now earns a full time living as a Trader, and as our writer.

His articles help everyday families build sustainable wealth, stop stressing about their financial security, and start living the life they’ve always wanted.
If he is not trading or writing, he is at the gym.

5 Replies to “Best Index Brokers in the UK”

  • Yoppa says:

    I tried almost all brokers from this list but never hear about Fidelity. Is it worth trying?

  • Scarlett Bennett says:

    This guide completely transformed my trading journey! With newfound confidence, I've chosen eToro for its remarkable social trading feature, allowing me to follow seasoned traders. While eToro's fees are slightly higher, the quality of their service justifies it. I've also expanded my portfolio with FP Markets, appreciating their user-friendly app and exceptional support. The guide acted as a navigational tool, simplifying the intricate world of trading. A big thank you to the guide for making the complex simple. Wishing everyone happy and successful trading!

  • Isabella Ricci says:

    I've already traded indices using Plus500 and eToro, but this guide showed me a lot of new things. I learned about many other brokers and indices that were unknown to me. The advice on choosing a broker and risk management was helpful. Now I have more tools and knowledge for successful trading. It's truly a valuable resource for experienced traders!

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