5 Best UK Brokers for Short Selling in 2023

It offers a wide range of financial assets to trade, including stocks, ETFs, bonds, options, futures contracts, warrants, investment funds, and some leveraged products. 71.71% of retail investor accounts lose money due to CFD trading with this provider. Each type of trader has a different approach, time frame and trading strategy. Scalpers and day traders focus on short-term price movements, while swing and position traders focus on medium- to long-term price movements.

Besides offering the best trading platform for beginners, TD Ameritrade’s thinkorswim mobile app is outstanding. helps traders and investors, from around the world, navigate the complex world of online brokers. We spend thousands of hours a year, both researching and testing brokers, to give you unbiased and extensive reviews. To keep the website running, we make money through affiliate commissions and paid advertising, at no additional cost to you. While our partners compensate us for our work, they can not alter our review process, ratings, and recommendations.

How do I day trade Bitcoin in the UK?

You can also trade in fractional shares with as little as $50 via CFDs. International traders can access financial markets and all assets on the desktop, web, and mobile versions including both the IBKR mobile and the IBKR GlobalTrader mobile app. TWS stands up among the best platforms, with features suitable for beginners through professional traders. TWS is replete with technical analysis tools, Social Sentiment by Social Market Analytics, ESG scores, and extensive research tools. IG has its own professional trading platform called ProRealTime.

Best trading platform UK

A brokerage firm dedicated to stocks, ETFs, cryptocurrencies, futures and options trading. The option pricing starts at $1 to open a contract with a $10 cap per trade ($0 to close a contract). The trading platforms are modern and beginner-friendly, making it a suitable alternative for both beginners and those who want to gain exposure to US-listed stocks and ETFs. Opening an account and depositing is easy, and you can even try it out with virtual money . The only currency accepted is the USD, which means that you’ll be charged currency conversion fees upon deposit and withdrawal if you deposit in another currency.

What’s a fractional share?

The main authority in the UK overseeing financial markets is the Financial Conduct Authority . The FCA is a globally recognised cryptocurrency exchanges and trading apps authority and is widely considered a top-tier regulator. Brokers that operate under FCA surveillance are very trustable.

Best trading platform UK

With straightforward pricing and an easy-to-use platform, you won’t be confused whilst getting up to speed. Plus, you can follow more experienced traders to get some inspiration. You open an account with us which enables you to buy and sell thousands of financial markets. You’ll use one of our trading platforms – such as Web Trader, our mobile apps, MetaTrader 4, or TradingView – to open and close positions. Get Access To All Global Markets From A Single Account Together with Allpips, you’ll achieve your investment plans. Indeed the most sophisticated investors will find a lot of options and features in the Allpips platform to satisfy their conditions and demands.

What’s the Financial Services Compensation Scheme?

This means that for every £80 you contribute, you’ll get a free £20. The use of leverage – You can increase your buying power by borrowing money from your broker. There are certain benefits to using derivative products rather than directly trading assets.

  • There are also a variety of risk management tools and how-to guides on risk mitigation included in the platform.
  • Splitting up your portfolio in different asset classes is a must if you want to minimize risk.
  • ProCharts, a professional-grade technical analysis tool available via eToro, enables you to compare charts from different financial instruments and time frames.
  • This forex trading platform offers 50 different currencies, including a selection of the most popular exotic forex pairs.

Unfortunately, the number of brokers for trading options is still limited for European and UK investors. One of Stake’s main advantages is its transparency and low cost. Furthermore, new users can get one free share after funding the account.

Best trading platform UK

If you’re a basic rate tax payer (that’s earning under £50,270 per year), you’ll get 25% added to your account of whatever amount you put in (which works out as 20% tax relief). It’s an investment account you can have, just like a Stocks & Shares ISA, or a General Investment Account, where you are free to make any investments you like. The opposite of a self-managed Stocks & Shares ISA, is an expert-managed Stocks & Shares ISA, where experts in investing will be deciding which investments to make for you. There’s some good news though, you won’t pay Stamp Duty on ETFs, or on any IPOs, or any shares on the London Stock Exchange’s AIM market . You might pay an overnight fee if you hold your positions overnight. And there’s typically a foreign exchange fee, which we’ll cover below.

In summary, AvaTrade’s platform only suffers because of its limited customizability and the lack of price alerts. However, it is otherwise a great tool for learning how to trade Forex, researching, and trading in general. Further, there are many advantages with AvaTrade, making it well suited for other kinds of forex traders too, which is why it’s one of the most popular brokers in the country.