Best Online Brokers in the UK
Discover 6 deals available this month.
1.Pepperstone
Pepperstone offers tight spreads averaging 0.0 pips and leverage up to 1:500 for active traders. It is regulated by FCA and ASIC, with no minimum deposit required.
View Deal →Active UK traders will appreciate Pepperstone’s combination of ultra-low spreads and fast execution across multiple asset classes, backed by strong regulatory oversight.
Pros:
- Tight average spreads of 0.0 pips
- High leverage up to 1:500
- No minimum deposit required
- Regulated by FCA, ASIC, and other authorities
Cons:
- Primarily geared toward active traders, which may be complex for beginners
- No mention of commission-free stock trading
- Leverage may increase risk for inexperienced users
2.Trading 212
Trading 212 offers commission-free trading on real stocks and ETFs with a quick and easy account setup. It features user-friendly platforms tailored for beginners in the UK.
View Deal →Beginners in the UK will appreciate Trading 212 for its zero-commission stock and ETF trades combined with a straightforward account opening process.
Pros:
- Commission-free trading on stocks and ETFs
- Simple and fast account registration
- User-friendly trading platforms ideal for new investors
Cons:
- Limited advanced trading tools for experienced users
- No mention of leverage or margin trading features
- May not offer as many instruments as some competitors
3.eToro
eToro offers commission-free ETF investing alongside social trading features, with low fees on stocks and ETFs and a seamless account setup process.
View Deal →Social traders and ETF investors will find eToro appealing due to its low-cost structure and integrated community features that enhance decision-making.
Pros:
- Commission-free investing on ETFs
- Low fees on stock and ETF trades
- Social trading platform enables copying other investors
- Easy and quick account opening
Cons:
- Limited details on fees for other asset classes
- May lack advanced trading tools for professional traders
- Social trading features might not suit all investor types
4.Interactive Brokers
Interactive Brokers is a FCA-regulated broker offering low commissions and access to a wide range of global markets, with no minimum deposit. It is recognized as the best overall European broker and top day trading platform in the UK.
View Deal →Renowned for advanced trading tools and global reach, Interactive Brokers caters well to active traders and investors seeking low fees and regulatory security. Its no minimum deposit policy makes it accessible, while its comprehensive platform supports complex strategies.
Pros:
- Low commissions across diverse global markets
- Regulated by the FCA ensuring strong oversight
- No minimum deposit requirement
- Highly advanced trading tools ideal for day trading
Cons:
- Advanced tools may be overwhelming for beginners
- Platform complexity could require a learning curve
- Limited beginner-focused educational resources
5.Saxo Markets
Saxo Markets is a professional broker offering access to 3,100 on-exchange stock options markets with commissions starting from £1. It is designed for traders managing complex portfolios.
View Deal →Professional traders will find Saxo Markets appealing due to its extensive options market coverage and competitive commission rates starting at £1. Its platform suits those requiring access to diverse and complex trading instruments.
Pros:
- Access to over 3,100 options markets
- Low commission fees starting from £1
- Suitable for managing complex portfolios
Cons:
- Primarily geared towards professional traders, less beginner-friendly
- No specific information on minimum deposit or account opening ease
- Focused on options trading, may not meet needs of those seeking broader asset classes
6.Plus500
Plus500 is a CFD trading platform established in 2008, regulated by the FCA, and publicly listed on the London Stock Exchange. It features a simple interface, advanced risk management tools like guaranteed stop-loss orders, and requires a minimum deposit of $100.
View Deal →Traders valuing straightforward CFD trading with built-in risk controls will find Plus500’s platform practical and accessible. Its mix of regulatory oversight and easy-to-use tools makes it a solid choice for those starting with a moderate deposit.
Pros:
- Regulated by the FCA and publicly listed on the London Stock Exchange
- Simple, user-friendly interface suitable for beginners
- Includes advanced risk management features like guaranteed stop-loss orders
- Minimum deposit requirement of $100 is relatively accessible
Cons:
- Limited to CFD trading; no access to traditional stocks or ETFs
- Minimum deposit may be higher than some beginner brokers
- Lacks the broader trading instrument range offered by some competitors
Final Words
To make the most of your trading experience this January, take time to compare the features, fees, and current offers of these top UK online brokers to find the one that best aligns with your investment goals and trading style. Staying informed and evaluating your options ensures you secure the best deal for your financial success.
Frequently Asked Questions
Pepperstone is ideal for active traders due to its tight spreads averaging 0.0 pips, fast execution, and high leverage up to 1:500. It's regulated by FCA and ASIC, ensuring a secure trading environment with no minimum deposit required.
No, Pepperstone does not require a minimum deposit, making it accessible for traders who want to start with any budget.
Pepperstone offers trading across forex, commodities, and stocks, providing a broad range of options for active UK traders.
Consider factors like trading fees, platform usability, regulation status, range of instruments, and customer support. It's also important to check if the broker suits your trading style, whether you're a beginner or an active trader.
Trading 212 and XTB are highly recommended for beginners due to their commission-free trading on stocks and ETFs, easy account opening, and FCA regulation.
Yes, some brokers like Trading 212 and eToro offer commission-free trading on real stocks and ETFs, making them cost-effective choices for investors.
