Having the best trading platform is one way of increasing your chances of becoming a successful investor in the UK. However, most traders are still at risk of losing money rapidly due to not knowing how to choose the right trading platform. For this reason, we have created this complete comparison of all the top trading platforms in the UK right now. Use the following guide to set yourself up with a platform that perfectly suits your specific needs.
Essence
- Trading activities are on the rise in the UK, with more individuals participating in various markets due to increased accessibility and interest in investment opportunities.
- Choose an FCA-regulated trading platform for compliance, user protection, and ensuring a secure trading environment.
- The best trading UK platform should feature elements aligning with your needs.
- Always check user opinions and ratings on Google Play, the App Store, and Trustpilot before selecting a trading platform in the UK.
- TradingGuide experts conduct thorough research, guaranteeing credibility and suitability in platform recommendations.
- Trading, especially with leverage, carries inherent risks, so always employ robust trading strategies for increased successful trading potential.
- Practice trading using a platform’s demo accounts to familiarise yourself with available tools and strategies without risking real funds.
List of the Best Trading Platforms in the UK 2025
- Pepperstone – Best Option for MetaTrader Users
- eToro – Top Beginner-Friendly
- Spreadex – Top Option for Spread Betting
- FP Markets – Best For ETFs
- FxPro – Top Platform With Excellent Support Service
- OANDA Europe LTD – Best UK Platform with No Minimum Deposit Requirement*
*76.6% of retail investor accounts lose money when trading CFDs with this provider
How We Choose Trading Platforms
At TradingGuide, we employ a critical methodology in our trading platform selection process. We begin by conducting thorough research to identify diverse trading platforms available in the market. Our aim is to provide our readers with a comprehensive overview of their options, including both well-established platforms and newer entrants.
Security is paramount in our evaluation criteria. Therefore, we prioritise platforms implementing robust encryption protocols, secure payment gateways, and FCA regulatory compliance. This ensures that our readers can trade with confidence, knowing that their funds and personal information are adequately protected.
Once we have identified potential platforms to recommend, we proceed to a detailed evaluation process. This involves hands-on testing of the platform’s functionality, user interface, trading tools, and available assets. We strive to assess each platform’s suitability for traders of varying experience levels and trading style.
To ensure we remain unbiased in this process, we also analyse and sample user ratings and testimonials regarding their experiences with various trading platforms. We get honest opinions on Google Play, the App Store, and Trustpilot, and then combine the findings with our test results. Only those that meet our specifications are listed on our page for our readers.
In this guide
Best Trading Platforms in the UK
- List of the Best Trading Platforms in the UK 2025
- Compare The Best Trading Platforms in the UK
- Brief Overview of Our Recommended Trading Platforms’ Fees and Assets
- Our Overview of the Best Trading Platforms in the UK
- What Do Other Traders Say?
- Other Trading Platforms Tested
- Is Online Trading Legal in the UK
- How to Choose the Right Trading Platform in the UK
- Do You Prefer a Desktop or Mobile Trading Platform?
- How You Register an Account with a Trading Platform in the UK
- Investing vs Trading
- FAQs
Compare The Best Trading Platforms in the UK
Our professional researchers consider various elements for the best online trading platforms to qualify as one of the best in the UK. We assess them based on the following metrics:
What makes us unique from other researchers is that we also review honest user ratings from the App Store, Google Play, and Trustpilot. We then combine the findings from these two processes for accurate results, as shown in our list below.
| Best Trading Platforms | Licence | Minimum Deposit | Support Service | Software | Payment Method | Demo Account |
|---|---|---|---|---|---|---|
| Pepperstone | FCA, MAS, ASIC, FSCA, DFSA, CySEC, CMA, SCB, BaFin | £0 | 24/7 | TradingView, MT4, MT5, cTrader, Pepperstone Trading Platform, Social trading | Visa, Mastercard, Bank transfer, Neteller, Skrill, PayPal | Yes |
| eToro | FCA, MAS, CySEC, FSCA, ASIC, SFSA ADGM, MFSA, FSAS, GFSC, SEC | $100 | 24/5 | eToro investing platform and app, Multi-asset platform, Social Trading, Copy Trader, Smart Portfolios | Credit/debit cards, Bank transfer, Klarna, PayPal, Skrill, Neteller | Yes |
| Spreadex | FCA, SEBI | £0 | 24/5 | IPHONE App, IPAD App, ANDROID App, TradingView | Bank Wire Transfer, Credit cards | No |
| FP Markets | FCA, MAS, FSCA, ASIC, CMA, CySEC, FSA | £100 | 24/7 | MT4, MT5, TradingView, cTrader, WebTrader, Mobile App, Copy Trading | Credit/debit cards, Neteller, Skrill, Bank transfer, Google Pay, Apple Pay | Yes |
| FxPro | FCA, FMA, CySEC, FSCA, SCB | £100 | 24/5 | FxPro Mobile App, MT4, MT5, cTrader, FxPro WebTrader | Credit/debit cards, Bank wire transfers, Neteller, Skrill, PayPal | Yes |
| OANDA Europe LTD | FCA, CySEC, FSA | £0 | 24/5 | MT4, OANDA Trade | Credit/debit cards and Bank transfer | Yes |
Brief Overview of Our Recommended Trading Platforms’ Fees and Assets
Choosing the best trading platforms in the UK guarantees an exciting experience. Besides security, many traders prioritise asset availability and applicable costs. However since the comparison process can be lengthy and overwhelming, they end up with wrong choices.
TradingGuide experts conducted the research for you and share tables below highlighting the overview of our recommended trading platform’s fees and assets. We hope the tables will guide you in making a suitable choice, especially if you are looking for the best trading platforms for beginners.
Fees
| Best Trading Platform | Fees | Minimum Deposit Requirement | Inactivity |
|---|---|---|---|
| Pepperstone | From 0.0 pips | £0 | None |
| eToro | 2 pips | $100 | $10 monthly |
| Spreadex | From 0.6 pips | £0 | None |
| FP Markets | From 0.0 pips | £100 | None |
| FxPro | From 0.0 pips | $100 | $15 once + $5 monthly |
| OANDA Europe LTD | From 0.8 pips | £0 | £10 monthly |
Assets
| Best Trading Platform | Forex | Stocks | Commodities | ETFs | Options |
|---|---|---|---|---|---|
| Pepperstone | Yes | Yes | Yes | Yes | No |
| eToro | Yes | Yes | Yes | Yes | No |
| Spreadex | Yes | Yes | Yes | Yes | Yes |
| FP Markets | Yes | Yes | Yes | Yes | No |
| FxPro | Yes | Yes | Yes | Yes | No |
| OANDA Europe LTD | Yes | No | Yes | No | No |
Our Overview of the Best Trading Platforms in the UK
Let’s explore our top platforms for day trading in the UK. As mentioned earlier, we tested and compared the platforms listed in this guide. This means that the mini-reviews are based on our hands-on experience.
1. Pepperstone – Best Option for MetaTrader Users
From our analysis, Pepperstone stood out as the top option for MetaTrader users. We like its user-friendly and customisable interface, which we believe will keep users engaged long-term. The MT4 and MT5 platforms feature advanced resources and operate seamlessly on both desktop and mobile devices. And the best part is that the platform allows users to trade using more platforms. These include the WebTrader, cTrader, and TradingView, each with unique features like social trading, automated trading, and more.
We also find Pepperstone to be a secure trading platform due to the multiple licenses it holds. In the UK, the platform is overseen by the Financial Conduct Authority (FCA). Other top global regulators Pepperstone adheres to include the Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC), and more. Trading at the MT4 and MT5 platforms was exciting as we explored a range of trading instruments, such as cryptocurrencies, forex, stocks, commodities, ETFs, and more. The broker also provides unique currency indices that allow you to trade on baskets of currencies. All you have to do is register for an account to get started.
✔ No dealing desk intervention
- The MT4 and MT5 platforms give advanced traders an opportunity to explore advanced trading features
- Connect TradingView to your platform for accurate price information
- Fully licensed to offer CFD and forex trading platform in the UK
- Its MT4 platform has basic features
| Type | Fee |
| Minimum Deposit | $0 |
| Withdrawal fee | $0 |
| Deposit fee | $0 |
| Inactivity fee | No |
| Account fee | No |
2. eToro – Top Beginner-Friendly
Founded in 2007, eToro is a global broker known to offer more than 5,000 tradable instruments. We had an opportunity to trade stocks, cryptocurrencies, commodities, indices, currencies, and more. However, to engage on eToro’s platform, you must deposit at least $100. This transaction is free, and you can make it using various supported payment methods like debit cards, e-wallets, and bank transfers. Alternatively, beginners can start trading at eToro’s virtually funded demo account, which is more risk-free and the best place to learn to trade.
We also recommend eToro for beginner traders in the UK because of its simple design and easy-to-use platform. The platform is fully customisable and supported on all devices, allowing you to monitor your trades wherever you may be. Plus, we discovered an award-winning social and copy trading feature. Here, beginners in the UK can interact with other traders on a chat group. You can also mirror trades from expert traders, thus maximising your experience and increasing your chances of making profits. Sadly, this platform charges $5 for withdrawals. Moreover, we find its trading fees relatively higher than its peers.
✔Low minimum to fund an account and begin investing
- 0% trading commission on stocks
- Low spreads
- Highly regulated by top-tier authorities, including the FCA
- Fully customisable trading platform with social and copy features
- Withdrawal charges are high
- Limited educational and research materials
| 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. Spreadex – Top Option for Spread Betting
UK traders looking for a spread betting platform should consider Spreadex. During our experience with it, we noticed that it hosts over 10,000 trading securities, which we believe are enough for all traders. The best part is that you can spread bet on these securities and benefit from tax-free profits should a trade work out in your favour. We also like the fact that it is simple and customisable. Its fast trade execution speed on both desktop and mobile devices is another element that keeps this platform ahead of the competition.
We also discovered that Spreadex is an affordable UK trading platform. This is because it has no minimum deposit requirement or inactivity fee. Spreads are low, starting from 0.6 pips on major currency pairs. On top of that, users will enjoy advanced resources on its third-party TradingView platform. Beginners also have quality learning materials to explore. Sadly, there is no demo account.
✔Helpful customer service
- The platform offers UK traders an opportunity to spread bet and enjoy the benefits that come with this trading activity
- No minimum deposit requirement
- Hosts over 10,000 tradable securities, including shares, currencies, commodities, indices, and more
- Competitive spreads, starting from 0.6 pips
- No demo account
- Limited spread betting learning resources compared to what most of its peers offer
| Type | Fee |
| Minimum deposit | Free |
| Overnight fee | Yes |
| Deposit fee | Free |
| Withdrawal fee | Free |
| Inactivity fee | Free |
4. FP Markets – Best For ETFs
FP Markets is among the top-rated ETF platforms that offer investors a wide range of investment account options, competitive pricing, and exceptional trading tools. Based on our tests and experience, the platform has established itself as one of the best in the industry, and we highly recommend it to UK traders looking to trade ETFs. Overall, we discovered over 290 ETF products, which you will trade at low spreads from 0.0 pips. You will use the ETF trading method to track shares, commodities, currencies, bonds, and indices trading. The platform is perfect for traders looking to diversify their ETF portfolios or hedge existing investments against downward risks.
Besides ETF trading, FP Markets supports an additional 10,000+ assets, including shares, commodities, cryptos, and more. We believe it can accommodate both beginner and experienced traders in the UK, considering its quality resources, from advanced learning materials to a virtually funded demo account. There are also plenty of learning resources, social, and copy trading platforms. All these features are offered on FP Markets’ WebTrader, MT4, MT5, or Iress platforms.
✔Accounts can be opened fast and easy
- Has a native app to help you manage your ETF activities using mobile devices
- 290+ ETF products offered
- Low ETF trading fees, starting from 0.0 pips
- Advanced platforms with a superior client portal
- Social trading is supported on the MT4 and MT5 platforms only
- High minimum balance to use FP Markets Iress account types
| Type | Fee |
| Minimum deposit | $100 |
| Overnight fee | $0 |
| Deposit fee | $0 |
| Withdrawal fee | Depends on payment method |
| Inactivity fee | $0 |
5. FxPro – Top Platform With Excellent Support Service
We find FxPro the best trading platform with excellent support service in the UK for various reasons. For instance, we like the broker’s consistent reliability and commitment to customer satisfaction. While other recommended brokers also offer quality support, FxPro’s team distinguishes itself with unparalleled responsiveness, providing pertinent solutions and diligent follow-ups. This instilled a sense of confidence in our trading activities, knowing that FxPro had our back. However, it’s worth noting that FxPro’s customer service is available only on weekdays, potentially inconveniencing daily traders.
From our experience, FxPro has a user-friendly platform that is accessible on MetaTrader 4, MetaTrader 5, cTrader, and FxPro Web. This ensures a seamless trading experience for a diverse range of traders. FxPro’s extensive list of thousands of securities, with low trading fees and high-quality learning materials, cements its status as a leading trading platform. Nevertheless, it’s important to highlight that all assets are available solely for CFD trading and spread betting, with no option for outright ownership.
✔ Trustworthy broker
- £100 minimum deposit requirement
- Low trading fees
- Responsive support service with relevant solutions
- A user-friendly and modern design trading platform
- Few asset selection compared to its peers
- You can only trade the available assets as CFDs or spread betting
| Type | Fee |
| Minimum deposit | $100 |
| Withdrawal fee | $0 |
| Inactivity fee | $15 once + $5 monthly |
6. OANDA Europe LTD – Best UK Platform with No Minimum Deposit Requirement
If you prefer trading platforms with no minimum deposit requirements, then OANDA Europe LTD is your best option. This platform has existed since 1995 and adheres to FCA regulations, thus making it safe for your personal information and funds. While testing it, we traded thousands of CFD and spread betting instruments, including forex, indices, commodities, bonds, metals, and more. We also discovered advanced trading tools and educational resources on its Web, MT4, and TradingView platforms.
We like OANDA’s user-friendly interface and seamless trade execution on both desktop and mobile devices. And when it comes to support service, this platform is backed up by the best team. Their responses are prompt and you are guaranteed relevant solutions to keep you engaged long term. If you are new to this platform, consider exploring its offerings and testing its performance first on its demo account before transitioning to the live trading journey should it fit your requirements.
✔ Fast and user-friendly account opening
- No minimum deposit requirement
- User-friendly interface
- Advanced trading tools and educational resources
- A virtually funded demo account for gauging your skill level without spending real money
- Forex, spread betting and CFD assets supported. You can not use OANDA to buy and take full ownership of an asset
- 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.
Note: 76.6% of retail investor accounts lose money when trading CFDs with this provider.
What Do Other Traders Say?
Discovering insights from actual traders is invaluable when considering the ideal trading platform. Below, we’ve compiled unfiltered user feedback from Google Play, the App Store, and Trustpilot for the top trading platforms in the UK. These diverse perspectives aim to guide your decision-making process for selecting a trading platform that aligns with your trading goals.
Pepperstone
Pepperstone receives praise for its efficient trading infrastructure and low-latency execution. Users value the availability of multiple trading platforms and competitive spreads.
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“Fast and easy deposits and withdrawals, good customer service and a well-regulated broker.” – Andreas
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“I’ve used many trading platforms, and this is my favourite. Took me a while to get used to it, as it was slightly different from what I was used to, but now love it & all its features.” – Jana from Gold Coast
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“Easy to open. Easy to use. Easy to add money. Easy to withdraw money. Good customer service. Fast execution. Less spreads. Just learn how to trade and have fun.” – Pruthviraj Rathod.
eToro
Users praise eToro’s intuitive social trading platform and ease of use. The platform’s copy trading feature and extensive range of tradable assets receive positive feedback.
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“Good reliable platform for investing in various asset classes and also for day trading. The assigned RMs are proactive and available to give guidance as needed. The RM follows up until the query is resolved.” – Ankit
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“Really I think it is amazing app” – AmirFerdos
Spreadex
Spreadex stands out for its simplicity and accessibility in trading. Users commend the platform’s user-friendly interface and diverse range of markets available for trading.
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“Easy to use Platform, v friendly staff. Never had any issues” – Matthew Hill
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“Been with Spreadex more than ten years, great range of markets, particularly among UK smaller caps. Pay up quickly when a short goes to ‘zero’ too, much better experience than I have had with CMC for example.” – TheAceTrader
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“A very useful financial spread betting app that should cover all your needs. It’s definitely the most useable of the broker apps that I’ve tried. A great platform that lets you analyse the markets, place spread bets & manage your risk and positions all on your phone. They’ve also got a great range of tools and excellent customer service which I found very attractive. 10/10 for my experience with Spreadex thus far” – JakeReadman
FP Markets
FP Markets earns praise for its robust trading infrastructure and competitive pricing. Users highlight the platform’s reliability and fast execution, which are crucial in trading environments.
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“Customer support is really marvelous, my problem was taken seriously and solved within no time. Thanks to the team for their efforts. Great!” – Tariq
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“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
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“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
OANDA
OANDA is appreciated for its platform reliability and range of available markets. However, some users mention the need for additional educational materials focused on trading strategies.
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“Account was easy to open and was contacted next day by Luke a VERY helpful account manager who was very knowledgeable and answered all my questions quickly. Happy with service.” – Lucy P T
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“The most reliable broker out there I’ve been with them for years and they’ve never disappointed me and when it comes to withdrawal they are super fast I would rate them 10/10 but obviously no broker is perfect but so far so good” – Zukisa Gaca
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“iOS 12.3.1 is the software I’m currently using and the app crashes out of the blue a lot and I’m using the app on my iPad Pro 11 inch with iOS 12.3.1 and on my iPhone XR running the same software! The only way to describe the crash is that it happens out of the blue I could launch the app and it runs fine for a few minutes and then it just crashes and kicks me back to the home screen and then sometimes I’ll open the app pull up a chart and try to switch between the different time frames and it will crash! Please fix this I do most of my trades from my mobile devices and I love the oanda app but the random crashes Haagen got to go thanks in advance!!!” – Michael
Read about the best Bitcoin trading platform in our other article.
Other Trading Platforms Tested
The UK financial market is dominated by hundreds of trading platforms that are secured and regulated by top-tier authorities such as the FCA. Our recommendations above will help you get started on a good note. You simply have to compare their features to ensure you select the best one for your trading needs.
However, should you want other options, below are additional best day trading platforms we tested for trading or investing in 2025.
- DeGiro – Best trading platform for everyday investors with no minimum deposit requirement
- Saxo – Best option with a vast stock trading options
- XM – Best for cryptocurrency trading
Is Online Trading Legal in the UK
Online trading is a global activity that has enabled many individuals to boost their income. It is legal in the UK for as long as you adhere to the country’s trading regulations. For instance, you must be a UK resident above 18 years to trade. You should also have an income for a broker to accept you as a trader.
Remember, while there are plenty of legit brokers, some of them are fraudsters looking for naive traders to scam. Therefore, always ensure you select a sophisticated trading platform that is licensed and regulated by the Financial Conduct Authority (FCA). FCA-regulated brokers allow you to trade legally, meaning you can easily take legal actions against them in case of an agreement breach.
How to Choose the Right Trading Platform in the UK
If you want to increase your chances of becoming a successful investor in the UK, you need to choose a reliable broker with a platform that aligns with your trading needs. It has to be one of the best online platforms in the UK 2025. The platform should also work seamlessly on all devices, which gives you the flexibility to keep track of your trades even while on the move.
The following are factors to put into consideration when choosing the right trading platform. We hope that it helps you choose the right broker and kickstart your trading venture.
It’s a no-brainer that trading in the UK is legal only if you invest with a broker that is licensed and regulated by world-class authorities. Therefore, make sure that the trading platform you are using is under a broker that holds licenses from tier-one authorities. Most of our recommended brokers have multiple licenses, which makes them even more credible to offer their services to UK clients.
The best online platform for you should offer trading charges that you can afford to make your trading experience worthwhile. We advise you to first go through a broker’s trading charges before creating a trading account. Check the commissions, spreads, non-trading charges, financing costs, inactivity fees, and more to see if it is worth your commitment.
You should not randomly choose day trading platforms in the UK that we have listed without first confirming what markets you can invest in. You will find some brokers with a wide range of trading instruments while others have limited. Therefore, depending on your requirements, choose a broker with a trading platform that will make your experience worthwhile.
If you have read our recommended brokers’ mini-reviews above, you probably have noticed that some of them are still offering traditional payment methods, including debit/credit cards and bank transfers. If you prefer using e-wallets like Neteller, PayPal, and Skrill, we advise you to find a UK trading platform that supports such payment methods.
Finding the best platform with reliable and responsive customer support is essential for your trading experience. Even though most of our recommended brokers are not available every day, we assure you that they are responsive when contacted during the days that they are available. Therefore, if you are a frequent investor, it is wise to find a trading platform with customer support that is available 24 hours, every day.
A broker with a demo account gets a plus point since it allows you to test it without investing a single pound. However, a few brokers do not offer demo accounts. You will notice that these brokers mostly do not have a minimum deposit requirement or charge low fees, which means that you will spend a small amount of your capital testing them.
Find out more about the trading options in the UK in our other guide.
Do You Prefer a Desktop or Mobile Trading Platform?
When looking for the best trading platform for your specific needs, there is one factor that is more important to consider than all the others. The only exception is safety which you should always prioritize.
The factor that we’re talking about is how and where you’re planning to trade. This is because there are both desktop and mobile platforms, and even though most brokers offer both versions, they are not created equally.
As you probably guessed, a desktop platform is best for your main trading station, preferably located in your home. A mobile platform, on the other hand, is best for when you’re out and about and if you want to keep track of your open positions or assets that you are analyzing.
With that said, you can find the main advantages and disadvantages of both types of platforms below. And please keep in mind that the best solution is to use a combination of both mobile and computer software. Note that many retail investor accounts lose money, and alternating between desktop and mobile devices maximises your trading experience and potential.
Pros and Cons of Desktop Trading
In our opinion, everyone needs access to a desktop or laptop to trade properly. Every professional day trader does most of their trading on a computer, and everyone should do the same.
The benefits to using a desktop UK trading platform is mainly screen size and performance. By trading on a computer (with or without an extra screen) you can create a trading station where you can easily analyze assets, review graphs, and get into detail about the data surrounding the assets you’re trading.
Similarly, desktops are still better than most smartphones meaning you can run more programs and tools at the same time, making your analytic work more efficient.
Another great benefit of a desktop online trading platform is that you can place it in an office or another place where you only trade. That way, trading will feel more like a job and you will find it easier to be efficient when stationed in front of your computer.
Pros and Cons of Mobile Trading
Mobile trading has grown substantially in the last few years and for many online brokers, the majority of transactions done on their platforms are done using a smartphone. Because of this, we think that everyone should have access to a mobile platform as well as a desktop.
The main benefit of mobile platforms is that they allow you to keep track of the financial markets while you’re out and about. That way you can open and close new positions when needed and continue your analytic progress even when you leave your computer. Note that trading is risky, so ensure you choose an app that will mitigate your chances of losing money rapidly due to leverage.
Read more about Best Trading Apps UK 2025 in our other guide.
Please note: this section was not written to help you choose between desktop or mobile platforms. Instead, or intention was to help you understand that the best solution is to use both versions together.
How You Register an Account with a Trading Platform in the UK
By now, you have insight into what to expect from the best platforms in the UK 2025. Therefore, the only thing left to show you is how to open a trading account with the top trading platforms.
Since all online brokers that we recommend are regulated by the FCA, they are obligated to follow the same regulations and Know Your Customer (KYC) methods. Therefore, the process and the following steps can be used to register an account with any trading platform on the UK market.
The first step is to find the trading platform you want to use and a broker that provides it. For your own sake, we suggest that you follow our recommendations in the sections above. Then, you follow the links provided by us to visit the broker’s registration page. You can register an account using either your smartphone or computer and after you’ve registered you can seamlessly switch between the two devices using the same trading account.
Similar to registering an online bank account or any other type of online service account, you initiate the registration by providing basic personal information. This includes your full name, date of birth, address, phone number, and email address.
To be approved for a trading platform, brokers will also ask you to provide details about your income and your level of trading knowledge. All of this is done to help protect you.
According to Financial Conduct Authority (FCA) regulation, you also have to verify your identity before you can deposit funds and trade online.
To do this, you need to submit two documents: a copy of your ID to prove your identity and a recent utility bill or bank statement to prove your residence. Once this information has been submitted, it will be manually verified by the broker before your account is activated and you gain access to your trading platform.
Please note that most brokers allow you to open a demo account without completing the verification process. This way you can test said trading platform out before you commit to using it.
Once your identity has been verified, you need to make an initial deposit to complete the process. This is the very last step needed before you can start using a trading platform in the UK. All brokers have a minimum deposit level that you have to reach. This can vary from £0 to several hundred pounds so please ensure that you pick one that you can afford to use.
Your broker will automatically redirect you to its platform once your deposit is confirmed. Whether you prefer spread betting or CFD trading, ensure that you choose an asset you are familiar with to trade. You should also consider a trading volume and apply risk management controls like stop-loss orders to mitigate massive losses should a trade work against you. Remember, over 76% of accounts lose money when trading spread bets and CFDs. Therefore, ensure you effectively strategise to avoid experiencing the risk of losing your money. For beginners, start trading on a platform’s demo account, as it is risk-free.
Investing vs Trading
Trading and Investing are two approaches to participating in the financial markets. Although they share a few similarities, they differ when it comes to underlying principles and time horizons. Note that investing is the buying and holding of a financial asset such as stocks for an extended period to generate a return on investment. Here, investors focus on the long-term potential of an asset and consider factors such as fundamental analysis, company financials, and industry trends before making a purchase decision.
Investors tend to take a more passive approach to investing, relying on the performance of the asset over time rather than actively managing their portfolio. Investment strategies can include diversification, dollar-cost averaging, and buy-and-hold.
In contrast, trading involves the buying and selling of financial assets over shorter time to take advantage of short-term price movements. Traders focus on technical analysis, market trends, and more to identify short-term trading opportunities. They use various trading strategies, such as day trading, swing trading, position trading, and more, to profit from these price movements.
Trading requires a more hands-on approach, whereby traders must regularly monitor their positions and adjust their strategies based on market conditions. Overall, understanding the difference between trading and investing is essential in deciding the best trading approach, which limits the risk of losing money rapidly.
FAQs
The first step towards investing in the financial markets is learning how they work and identifying areas you are good at. Then, confirm your investment capital before choosing a broker that aligns with your trading requirements. Note that online brokers have varying features, and therefore we advise you to keep a critical eye when deciding which broker is best to trade with.
After making your choice, create a risk-free demo account to practice and learn more about the financial markets until you are ready to make the first real investment. You can now sign up for a live trading account and make your deposit depending on the broker’s requirements. At this point, the broker will allow access to various market assets where you can start investing and have a shot at making profits.
You can start day trading with as little as ﾣ10. This is because many brokers in the UK do not have a minimum deposit requirement and their trading charges are also low. However, investing more considerable funds like ﾣ500 and above puts you in a fortunate position to earn more profits. That being said, brokers understand that each trader has their own budget, and it is crucial to stick to it to avoid spending more. So, all you need to do is choose a broker whose charges align with your budget to have the best trading experience.
No. Day trading in the UK is legal, and many traders are embracing the activity because of the quick profits it brings*. However, you must trade using a licensed and regulated broker by the Financial Conduct Authority (FCA). Such brokers are safe and allow you to enjoy trading under the best conditions. In addition, get a complete understanding of how day trading works, and remember to always have a budget. For newbies willing to try day trading, note that various brokers host demo accounts, so sign up for one on your preferred broker and practice day trading before investing real money. Good examples of day trading brokers in the UK are recommended in our mini-reviews above.
Remember, your capital is at risk.
Yes. Most of our recommended brokers above offer free educational materials, including free lessons on the stock markets to improve your trading experience. As a newbie, start by learning the basics and understand how the stock market works. In addition, take advantage of stock brokers’ demo accounts to practice what you have learned until you are confident in creating a live account. Do not rush to invest a lot of money in stocks unless you are convinced with your market analysis. The good news is that many stockbrokers will allow you to purchase a fraction of a share, which is an excellent opportunity to try how your first investment turns out to be before going all in.
Based on our extensive research and many tests, we think that eToro is the best broker for beginners in the UK. This is because it offers a clean and simple interface with several sophisticated tools for beginners, such as the groundbreaking copy trading feature. There is also a social platform where beginners and professionals can share tips and experiences.
The only downside with eToro for beginners is that it’s quite an expensive broker with high fees, especially if you want to make use of the copy features. Therefore, ensure that you have a suitable budget before you get started.
None of the best day trading platforms in the UK are completely free, at least not if you want to make profits in real money. Registering a trading account is free, however, trading always comes with certain fees. When using an online trading platform, you will most likely pay spread for each trade, and if you invest long-term, you pay commissions for each investment.
As mentioned, it’s free to sign up with brokers, although most of them have a minimum deposit requirement that you have to meet in order to activate your account. But there are exceptions, such as CMC Market that have no minimum requirement. So, in case you want to trade as cheap as possible, try finding a broker with low fees and conditions.
In addition, most top brokers offer demo accounts which are replicas of real trading accounts. These accounts are technically free to use but since you trade with virtual funds, you will never make any real profit.
Interactive Brokers is, by far, one of the best brokers for day trading, whether you reside in the UK, EU, or the United States. This is a broker made by professionals, for professionals, and it caters to day traders that have high expectations of the tools and brokers they use.
If your ambition is to start trading professionally like a day trader, you ought to pick a broker suitable for that already when you get started. And since IBRK can be used by beginners and day traders alike, it’s an excellent option. Alternatively, follow our guidelines above in choosing the best trading platform based on your day trading requirements.
It depends on what assets and markets you’re trading and which broker you want to use. Some brokers have developed their own platforms, such as Plus500, and it is absolutely amazing for CFD trading. Then there are third-party platforms used by several brokers that are also some of the best in the world. For example, MetaTrader 4 is the uncrowned king of forex trading platforms, offered by a substantial part of all top-tier brokers in the UK.
Overall, the best platform for trading is the one suitable for your trading needs. The good news is that we have recommended the best above that have been tested, compared with others, and approved by our expert researchers.
The safest platform is always a regulated and encrypted trading platform offered by a licensed and regulated broker. We only recommend and review brokers regulated by the Financial Conduct Authority (FCA) meaning every platform mentioned on this website is one of the safest.
In fact, since all brokers operate under the same regulation and many of them offer the same platforms, the safest trading platform is anyone that you find here. Trading with unregulated brokers in the UK is illegal and unsafe for you. Remember that some brokers are only in the market to defraud you of your hard-earned money, so be careful.
Conclusion
We have seen many traders put themselves at a high risk of losing money simply because they did not choose the right trading platforms for their investment requirements. We hope that our recommended UK trading platforms will act as guidance in starting your trading venture. If you combine the right broker with good trading strategies, you are unstoppable to becoming an independent and successful investor.
How we test?
Our evaluation and testing process is thorough and exhaustive. First, we conduct extensive research. Our experts visit each broker’s official site and assess every offering. Then, we go to credible review sites like Trustpilot, Google Play, and the App Store and read user testimonials and feedback. After research, our experts proceed to the next step: testing.
The testing phase is critical in determining if brokers deliver as promised. We used demo and live accounts to vet available trading platforms, tools, and other resources. While doing so, our experts strive to identify the most pronounced strengths and weaknesses.
Why do we do all that? It’s simple. You are a valued member of the TradingGuide family, and we are committed to doing everything in our power to ensure you have access to the best brokers. Find out more about our test process here.
I don’t like platforms without demo accounts. Thanks to your recommendation decided to try Revolut as I didn’t have a lot of money for investment. And thank god it was a profitable decision. Completely satisfied.
I advise you to use only reliable Brokers who utilize MT5 or MT4 trading platforms because these platforms are made by an independent software company!
What is the best trading platform for beginners?
Beginners can copy trades of more experienced traders in a rather quick and easy way using the eToro platform. + LOW FEES!
I started with revolut, as I had such a low budget
but if you want to start with a demo account you need to choose another broker
I'm a self-taught trader although I am in the process of doing a professional trading dip. You really have to know what you are doing with trading, no second-guessing, do your research, and then do more.
There are different platforms that offer different instruments and there is no way to name one platform the best. Many users, both locally and worldwide, already trust IG Markets.
stop looking for drawbacks with a broker who is loyal to small capital and does not choke traders with huge spreads, and you just need to learn to work for the result.
eToro is a reputable broker with many years in the market, leader in the social trading field! Slick, modern, easy to use. Commission-free ETFs and stocks trading in Europe! It is worth using if you educate yourself first.
A user-friendly guide that meets the diverse needs of traders. Whether you're new or an experienced professional, this article provides a roadmap for navigating the complexities of the UK trading environment. Highly recommended for practicality and insightful advice.
To all traders in the UK, I strongly recommend this article! It's a goldmine of valuable information – platform reviews, genuine feedback, detailed comparisons. Thanks to this guide, I discovered the perfect platform. Real reviews helped me make an informed choice. I've been with SpreadEx for over a year, and the results are impressive. The information in the guide is highly relevant and accurate. Now, with the right strategy, I feel confident and successful as a trader.
Great article! It was interesting to read, all in one breath. Finding the best trading tool is crucial for successful investing in the UK. Thanks for the detailed overview and recommendations. Traders also shared their experiences, which is very helpful. I have been using eToro for about a year and constantly deepen my knowledge about this broker. I carefully read reviews about other brokers, too. I recommend.
As a newcomer to trading, I spent considerable time deliberating on which platform to opt for, ultimately deciding on the Plus500 platform. In my view, it offers a straightforward and user-friendly experience, featuring a visually appealing interface that avoids unnecessary complexity, enabling me to concentrate effortlessly on executing transactions efficiently.
While Plus500's educational offerings may not be as extensive as those of other platforms, I found their simplicity beneficial for beginners like myself. Basic tutorials and guides provided me with sufficient knowledge to embark on my trading journey.
I'm exfited to try out the straategies discussed in this blog.