Skip to main content

Best Trading Platforms in the UK (2024)

Toni Nasr, CFA, FRM| Updated March 21st, 2024

In a nutshell, in this article, we’ll help you compare and review the best trading platforms in the UK. These are platforms that allow you to buy and sell financial instruments, such as shares, bonds, options, ETFs, or cryptos

In the UK, there is a wide range of regulated trading platforms. Finding the one that meets your requirements can be a challenging task. Each platform comes with its own unique features, tools, and services, making the selection process quite complex. Does the platform offer ISA? Are the trading fees competitive? Is the app user-friendly?

At Investing in the Web, our team has reviewed and compared dozens of brokers to help you make a better-informed decision. Below, we help you choose the best trading platform in the UK, taking into account factors such as the platform features, trading tools, dees, availability of ISAs, range of products available, customer support, and security. Read on to discover our list of the top trading platforms in the UK.

Best Trading Platforms in the UK

Interactive Brokers | Best UK broker overall

Interactive Brokers is the best broker overall, offering the widest range of financial products, competitive fees, and strong signs of security. Their investment platform, Trader Workstation (TWS), is an advanced desktop platform designed for active investors who engage in multi-product trading. Additionally, IBKR provides an easy-to-use mobile app called IBKR GlobalTrader.

eToro | Best for commission-free investing and social trading

eToro stands out as a leading social trading app. It offers zero-commission stock and ETF trades, a user-friendly mobile platform, and the ability to automatically follow and copy the trades of other successful traders. It offers other products, including Cryptocurrencies and CFDs on Stocks, ETFs, Commodities, Forex, Indices and Cryptocurrencies.
Disclaimer: eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Webull UK | Best for paper trading

Webull is a US-based brokerage firm that expanded into the UK market, providing access to over 10,000 US stocks, including fractional shares. The platform also offers a demo account for paper trading, as well as a comprehensive set of analysis tools.

Saxo Bank | Best for professionals

Saxo offers a range of trading platforms suitable for different needs. From the simple and fast SaxoInvestor platform to the award-winning SaxoTraderGO and the fully customizable SaxoTraderPRO, you can access powerful trading tools tailored to your preferences.

XTB | Best for Forex and CFDs

XTB is a reputable online broker known for its xStation 5 trading platform, available on the web, desktop, and mobile. It provides an intuitive interface with access to advanced tools and customization options, making it suitable for Forex and CFD investors.

IG | Best for demo and educational resources

IG is a popular CFD broker offering a wide range of trading instruments, including over 18,000 markets with various trading platforms. Additionally, they are also recognised for their high-quality research and educational resources.

InvestEngine | Best for beginners and ETFs

InvestEngine is a UK trading platform offering fractional investing in over 550 ETFs starting from £1. Beginners can get a managed portfolio that allows them to invest automatically.

Best Trading Platforms in the UK compared

Broker Products available Minimum deposit Deposit Method Fees on stocks ISA Availability
Interactive Brokers Stocks, ETFs, Options, Futures, Forex, Commodities, Bonds, and Funds £0 Bank transfer Between $0.0005 and $0.0035 per US share.

Between 0.01% and 0.08% for other markets.

Yes
eToro ETFs, Stocks, Cryptocurrencies and CFDs on Stocks, ETFs, Commodities, Forex, Indices and Cryptocurrencies $100 Bank transfer, credit/debit cards, PayPal, Neteller, and Skrill, and more. $0 Yes

(Through MoneyFarm)

Webull UK US Stocks £0 Bank transfer 0.025% per trade No
Saxo Bank Stocks, ETFs, Options, CFDs on Indices, Commodities, Forex, and Cryptocurrencies £0 Bank transfer, credit/debit card Between 0.03% and 0.08% (min. $1) for US stocks;

Between 0.03% and 0.08% (min. £3) for UK stocks

Yes
XTB CFDs on Stocks, ETFs, Indices, Commodities, Forex, and Cryptocurrencies £0 Bank transfer, credit/debit card, Skrill. £0 on the CFDs on stocks (0.30% markup included on the spread). No
IG Stocks, Bonds, ETFs, Options, Futures, Indices, Commodities, CFDs £250 by credit/debit card and PayPal

No minimum for bank transfer

Bank transfer, credit/debit cards, PayPal Between £0 and £10 per trade for US shares

Between £3 and £8 per trade for UK shares

Yes
InvestEngine ETFs £100 Bank transfer Stocks not available

Free for ETFs

Yes
Trading 212 Stocks, ETFs and CFDs £1 Bank transfer, credit/debit cards, PayPal, Skrill, and more £0 Yes
Freetrade Stocks, ETFs, REITs, and investment trusts £0 Bank transfer, credit/debit card, and other electronic wallets £0 Yes
Hargreaves Lansdown Stocks and ETFs £0 Bank transfer and debit card Between £5.95 and £11.95 per trade Yes

In the following reviews, we discuss the features of each trading platform, where each broker differs in terms of pricing, accessible markets and instruments, and other special features.

Best trading platforms in the UK reviewed

1# Interactive Brokers

interactive brokers logo
Visit Interactive BrokersBest Trading Platforms in the UK (2024) 1

Interactive Brokers at a glance

Products availableStocks, ETFs, Options, Futures, Forex, Commodities, Bonds, and Funds
Fees on UK stocksBetween 0.01% and 0.05%
Minimum Deposit£0
RegulatorsFINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS, MNB

Founded in 1978, Interactive Brokers is one of the largest international brokers listed on the NASDAQ exchange (Ticker: IBKR) and is at the top of our list of best trading platforms in the UK. It is regulated by many international top-tier regulators, including the FCA, with no minimum deposit requirement. 

Interactive Brokers supports various account base currencies, including GBP, USD, EUR, and other major currencies. However, funding these accounts is limited to bank transfers. They offer one of the tightest spreads in the market, ensuring favourable trading conditions, but their commission is tier-based, meaning it varies depending on your monthly trading volume.

Interactive Brokers offers a comprehensive range of trading platforms to cater to the diverse needs of traders. These platforms include the web-based Client Portal, the GlobalTrader Mobile app, and the professional-grade Trader Workstation (TWS), offering a wide array of features and tools to meet the diverse needs of traders.

The web-based Client Portal is designed to be user-friendly, making it accessible to both beginners and experienced investors. It provides real-time monitoring, customizable watchlists, alerts, and a range of advanced features, such as over 120 technical indicators for advanced technical analysis. Traders can create personalized templates, access advanced charting tools, utilize various order types, and benefit from Smart Routing, which selects the optimal trading route for each trade.

Best Trading Platforms in the UK (2024) 2

Best Trading Platforms in the UK – IBKR Web App

For traders who prefer to trade on the go, Interactive Brokers offers the IBKR Mobile app providing convenience and advanced functionality. A notable feature of IBKR Mobile is the chatbot IBot, which allows users to quickly access basic information and execute or close orders directly through the chat interface. IBot serves as a natural language trading interface, enabling traders to complete key trading tasks in TWS using plain English commands. This feature enhances the user experience and simplifies trading activities.

IBKR GlobalTrader is another mobile trading app offered by Interactive Brokers that allows traders to engage in simple and worldwide trading. The app offers the flexibility to trade in fractions and invest with as little as $1, making trading accessible to traders of all levels. You can also open a simulated trading account to practice trading before opening a live account and gain access to $10,000 in simulated cash to trade in a simulated trading environment.

On the downside, you might be overwhelmed by the number of buttons and features available on each platform, especially if you are new to trading. However, Interactive Brokers offers a lot of educational materials and video tutorials to assist you in navigating and utilizing their platforms effectively. These resources can be beneficial regardless of the specific platform you are trading or using. 

We recommend you check out our comprehensive Interactive Brokers review.

2# eToro

Best Trading Platforms in the UK (2024) 3
Visit eToroBest Trading Platforms in the UK (2024) 1

76% of retail CFD accounts lose money.

eToro at a glance

Products availableETFs, Stocks, Cryptocurrencies and CFDs on Stocks, ETFs, Commodities, Forex, Indices and Cryptocurrencies
Fees on UK stocks$0
Minimum Deposit$100
RegulatorsFCA, ASIC, CySEC

eToro is another exceptional trading platform in the UK that has been well-known for its social trading feature, where you may copy the trades of other successful investors and discuss current market news with a reasonably large investor community of over 30 million users.

eToro provides an extensive selection of more than 5,000 financial instruments, including stocks, ETFs, CFDs on commodities, Forex, and cryptocurrencies. The platform also offers the opportunity to invest in pre-made investment portfolios known as Smart Portfolios, which group together multiple assets or traders based on specific themes or strategies. Additionally, you can choose the most suitable verified trader to follow and copy, considering factors such as past Return on Investment (ROI), risk profile, and other relevant criteria.

The web platform is user-friendly for beginners and has an intuitive layout with many features that enhance your trading experience, such as one-click trading, limit orders, and advanced charting tools. Another feature is the eToro Research Tab, powered by TipRanks, which helps you enhance your knowledge to make better-informed investment decisions.

Best Trading Platforms in the UK (2024) 5

Best Trading Platforms in the UK – eToro Dashboard Overview

While eToro is a user-friendly platform that appeals to beginners, it may not be the optimal choice for day traders or experienced investors due to higher spreads on some products. Furthermore, there is a $5 fee per withdrawal request, and the only account currency available is USD. You can check our detailed eToro review for further analysis.

_____

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more..

Zero commission means that no broker fee will be charged when opening or closing the position and does not apply to short or leveraged positions. Other fees apply including FX fees on non-USD deposits and withdrawals. Your capital is at risk. For more information, click here.

3# Webull

Best Trading Platforms in the UK (2024) 6
Visit WebullBest Trading Platforms in the UK (2024) 1

Investing involves risk of loss.

Webull at a glance

Products availableUS Stocks
Fees on US stocks0.025%
Minimum Deposit£0
RegulatorsFCA

Founded in 2017 in the US and launched in the UK in July 2023, Webull joins the British brokerage industry with low commissions. At the moment, it only offers access to US stocks (over 10,000). New users get a signup promotion.

As a UK user, you also have access to a demo account where you can buy and sell as you would with real money. You can only deposit in pound sterling (GBP), which means that when investing in US stocks (traded in US dollars), you will be charged a currency conversion fee of 0.35%. Besides, each trade has a cost of 0.025%. Basically, you would pay roughly 0.375% per transaction (minimal regulatory fees also apply).

Webull app UK

Webull Trading Platform

The offering of fractional shares is also crucial since most US stocks trade at high market values per share. Still, the limited range of asset types (no ETFs, bonds, options,…) and only offering a general investment account (no tax-efficient accounts like Stocks and Shares ISA) may affect users also looking for broader solutions.

Finally, Webull UK is authorised and regulated by the Financial Conduct Authority (FCA). As such, it is also under the Financial Services Compensation Scheme (FSCS) protection, which protects your money (assets + cash) up to £85,000.

4# Saxo Bank

Saxo-logo
Visit Saxo BankBest Trading Platforms in the UK (2024) 1

62% of retail CFD accounts lose money.

Saxo Bank at a glance

Products availableStocks, ETFs, Options, CFDs on Indices, Commodities, Forex, and Cryptocurrencies
Fees on UK stocksBetween 0.03% and 0.08% (min. £3)
Minimum Deposit£0
RegulatorsASIC, FSA, FCA, SFC, MAS, FINMA, and DFSA

Saxo Bank is a distinguished multi-asset broker renowned for its exceptional trading platform experience and extensive range of over 72,000 tradable instruments. It was founded in 1992 and offers a comprehensive suite of trading tools, in-depth research capabilities, and premium features. 

Best Trading Platforms in the UK (2024) 9

Saxo Investor Trading Platform

Saxo offers a range of trading platforms designed to meet the diverse needs of investors.

  • SaxoInvestor, their simple and fast investment platform, is ideal for beginners. It provides curated stock lists, trending investment themes, and easy access to a variety of asset classes such as stocks, mutual funds, ETFs, bonds, and managed portfolios. You can conveniently manage your investments on your phone, tablet, or computer;
  • For more experienced traders, SaxoTraderGO is an award-winning platform with advanced features. It offers enhanced trade tickets, comprehensive charting tools, options chains, performance analysis, fundamental and technical analysis tools, and a detailed account overview. It supports both mobile and desktop access, allowing traders to set up a one-screen layout or utilize a second screen for charting;
  • SaxoTraderPRO is their fully customizable, professional-grade platform, equipped with features like algorithmic orders, one-click trading, options chains, and advanced charting packages. You can fully customize the workspace across multiple screens and benefit from advanced workspace management and multi-channel linking between modules. 

Saxo also provides connectivity to third-party platforms, allowing you to extend your capabilities through custom tools that suit your specific trading requirements. These tools include asset-specific analysis tools, advanced strategy backtesting, and hyper-responsive charting. Saxo ensures best-in-class execution and competitive pricing across all their platforms, and traders can connect to Saxo’s capital markets infrastructure through FIX API or OpenAPI for tailored multi-asset liquidity and seamless access to market data.

Saxo Bank lets you open an account in a wide range of currencies, including USD, EUR, GBP and several other major currencies. They have three account types (Classic, Platinum, and VIP), each with its own features and services, and it’s worth noting that there is no minimum initial funding requirement.

5# XTB

Best Trading Platforms in the UK (2024) 10
Visit XTBBest Trading Platforms in the UK (2024) 1

76-85% of retail CFD accounts lose money.

XTB at a glance

Products availableCFDs on Stocks, ETFs, Indices, Commodities, Forex, and Cryptocurrencies
Fees on UK stocks£0 on the CFDs on stocks (0.30% markup included on the spread)
Minimum Deposit£0
RegulatorsFCA, KNF, CySEC, DFSA and FSC

XTB, a renowned global CFD broker, has been operating since 2002 and serves over 500,000 clients. The company is publicly listed on the Warsaw stock exchange and is regulated by multiple top regulatory authorities, ensuring compliance with financial standards. XTB gives you access to trade a diverse range of CFD instruments, including Forex, indices, commodities, shares, ETFs, and cryptocurrencies, all offered at competitive pricing with low spreads.

XTB offers beginner and experienced traders a dynamic trading experience with its two trading platforms, xStation5 (desktop-based) and xStation (mobile), which have advanced charting tools and indicators. xStation 5 provides a user-friendly interface and customizable features with several advantageous features, including a trader calculator that facilitates margin and commission calculations for each trade. You can set up alerts and notifications simply and conveniently, allowing you to receive email, SMS, or push notifications for specific events such as margin calls, deposits, or withdrawals. 

Additionally, you can generate daily email reports and get regular updates on your account’s performance. xStation 5 also offers an extensive array of chart analysis tools with over 34 indicators and the ability to compare charts. Moreover, you can customize the toolbar according to your preferences, allowing you to display only the analytical tools you frequently use.

Best Trading Platforms in the UK (2024) 12

XTB xStation5 – Web portal

XTB stands out among its peers regarding educational materials and client support. It has a comprehensive online library with many videos that help you enhance your trading skills and knowledge. Furthermore, XTB provides excellent customer service via live chat, phone support, and email. 

On the downside, XTB charges a £12 fee for withdrawals of less than £60. Still, they do not charge for withdrawals over that amount. Additionally, they charge a $10 monthly fee (or counter value) after 12 months of inactivity.

Read our XTB review for further insights.

6# IG

Best Trading Platforms in the UK (2024) 13
Visit IGBest Trading Platforms in the UK (2024) 1

75% of retail CFD accounts lose money.

IG at a glance

Products availableCFDs on Forex, Stocks, ETFs, Options, Futures, Indices, Commodities, and Cryptocurrencies
Fees on UK stocksBetween £3 and £8 per trade
Minimum Deposit£250 by credit/debit card and PayPal, No minimum for bank transfer
RegulatorsASIC, FCA, NFA, MAS, FSCA, FINMA, FMA

IG Group is a London-based broker founded in 1974 and listed on the London Stock Exchange. It offers access to an extensive range of trading instruments, with over 18,000 CFDs spanning various asset classes. It is perfect for both beginners and professional traders. For instance, their free educational resources through its IG Academy help traders improve their understanding of financial markets and trading skills. Furthermore, IG’s news and analysis section provides professional insights to keep traders updated on market-moving events.

When trading with IG, you can choose from various trading platforms. The IG trading platform is available on iOS and Android devices. It also offers a progressive web app, allowing traders to access their accounts from any device with internet access. For more advanced traders, IG offers ProRealTime and MetaTrader4, two platforms known for their advanced charting capabilities and customization options. For those looking to trade with Direct Market Access (DMA), IG offers L2 Dealer, a platform designed for professional traders that provide direct access to exchange order books and market depth.

Depending on the asset class, IG charges a spread or commission on trades. For example, spreads on major CFD currency pairs start at 0.6 pips, while on major indices, spreads start at 0.8 points and 0.1 points on commodities. As for share CFDs, commission fees start from 2 cents per share with a minimum $15 charge for US-listed shares.

The required minimum deposit is £250 if you fund your account by PayPal, a credit card, or a debit card, while there is no minimum deposit for bank transfers. IG does not charge any fees on deposits and withdrawals. Still, on the downside, they charge a £12 monthly inactivity fee if your account has been inactive for more than 2 years.

7# InvestEngine

investengine logo
Visit InvestEngineBest Trading Platforms in the UK (2024) 1

When investing your capital is at risk.

InvestEngine at a glance

Products availableETFs
Fees on ETFs£0
Minimum Deposit£100
RegulatorsFCA

InvestEngine is a leading trading platform in the UK, founded in 2016, that offers a range of innovative tools and features to help investors build and manage their investment portfolios. One of their standout offerings is fractional investing, allowing users to invest as little as £1 in any ETF on their platform, regardless of the ETF’s share price. They have over 550 ETFs available. 

Their trading platform offers several features. For instance, the smart order technology calculates the individual trades needed to align with your chosen portfolio weights. With their Portfolio Look-through feature, investors can gain transparency and insight into the companies, sectors, geographical regions, and asset classes they invest in. AutoInvest is another convenient feature that automatically puts your available cash to work each day, ensuring you don’t miss out on rising markets. InvestEngine also offers one-click portfolio rebalancing, allowing you to reset your portfolio to your preferred asset allocation with a single click.

Best Trading Platforms in the UK (2024) 16

InvestEngine Review – Portfolios Weights | Source: investengine.com

For those who prefer a managed portfolio, InvestEngine offers a choice of portfolios designed to suit different risk levels, with a management fee of just 0.25% per year. All their portfolios are accessible through their General Account, which allows investors to begin their investment journey with as little as £100 without any exit charges. In addition, it provides an Individual Savings Account (ISA) option, enabling investors to enjoy tax-free investing. Finally, it is worth noting that investments made with InvestEngine may be eligible for claims under the Financial Services Compensation Scheme (FSCS) for amounts up to £85,000, providing investors with an extra layer of security.

You can read our InvestEngine review for further analysis.

What Makes a Good Trading Platform?

A well-designed and efficient trading platform can significantly enhance your trading experience and improve your chances of success in the financial markets. Here are some key factors that make a trading platform stand out:

  • User-friendly interface: Intuitive and easy-to-navigate interface that enables smooth and seamless trading with a clear and organized layout;
  • Order execution: Fast and efficient order execution with minimal slippage and a platform that supports various order types to suit different trading strategies, including market orders, limit orders, stop orders, and others;
  • Regulation: Regulated (or authorised) by the Financial Conducts Authority (FCA) ensure compliance with industry standards and protect investor interests;
  • Customization and personalization: Ability to save and customize watchlists, create personalized trading templates, and set up custom alerts. If you are a professional trader, you might be looking for a platform that is highly customizable;
  • Excellent customer support: Availability of multiple channels of support, such as live chat, email, and phone, with knowledgeable and responsive support representatives;
  • Products available: A diverse selection of assets allows you to explore various markets, diversify your portfolio, and take advantage of different investment opportunities. You might want to consider a trading platform that includes the main products you want to trade.

The Bottom Line

Identifying the best trading platforms in the UK can be challenging, given the numerous options available. In this review, we have highlighted the key features of the top trading platforms for British investors, which are summarized below:

Best Trading Platforms in the UK
#1 Interactive Brokers Best overall
#2 eToro Best for commission-free investing and social trading
#3 Webull Best for paper trading
#4 Saxo Bank Best for professionals
#5 XTB  Best for Forex and CFDs
#6 IG  Best for demo and educational resources
#7 InvestEngine Best for beginners and ETFs

To discover the most suitable broker for your needs, our “Help Me Choose” tool is at your disposal. Additionally, you can refer to our comprehensive comparison table, which offers an in-depth analysis of the essential features provided by different global brokers. Additionally, you can check our reviews for an in-depth analysis of each broker and its platform.

Whether you are a new investor or a seasoned professional, we hope this article helped answer a few of your concerns. When choosing a trading platform, we recommend opening a demo account and testing the features before making the final decision.

Other FAQs

What is the minimum balance to start trading in the UK?

Many brokers do not have any minimum balance requirement, so you can start trading with as low as £1.

Can I trade Forex in the UK?

Yes, you can trade Forex in the UK. You can check our article on the best Forex brokers in the UK, which provides an in-depth comparison and analysis of various Forex brokers.

Can I trade Cryptocurrencies in the UK?

Yes, you can trade cryptocurrencies in the UK.

Is Robinhood available in the UK?

Robinhood has opened in the UK in early 2024.

Can I use demo accounts on trading platforms in the UK to practice trading before investing real money?

Yes, many trading platforms offer demo accounts that allow you to practice trading strategies and familiarize yourself with the platform without risking real money. All the trading platforms mentioned in this article offer demo accounts.

What is the best free trading platform in the UK?

There are several commission-free trading platforms available in the UK, including some of the ones mentioned in this article, such as eToro, XTB, Investengine, Trading 212, or Freetrade. Each one has a different set of features and tools, that investors value differently.

Is day trading legal in the UK?

Yes, day trading is legal in the UK, as long as you use a regulated trading platform.

Toni Nasr, CFA, FRM
Fintech Analyst

Toni is a Fintech Analyst with over 8 years of experience in the financial industry where he worked as a financial control analyst at a regional bank and later conducted independent investment research analysis.

linkedin