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5 Best Commission-Free Brokers in the UK for 2022

Franklin Carneiro da Silva| Updated June 1st, 2022
Commission free brokers UK

5 Best Commission-free Brokers in the UK

Your mind is set: “I want to invest my hard-earned money!”. Now, the question is: “Which brokers are the best when it comes to fees that won’t eat away my profits?”.

Through cost-benefit analysis, we’ve compiled five online brokers as our top picks for the best brokers in the UK. We’ve listed the following factors that investors like you always take into account: fees (commission-free trading), investment platforms, the range of markets and instruments available, and education resources.

These are our suggestions for the best investing apps in the UK:

eToro

An online broker that offers commission-free stock and ETF trading. You can also copy other traders/investors. Slick, modern, and easy for anyone to use. It is trusted by more than 25 million clients worldwide. See our eToro summary.
Disclaimer: 67% of retail CFD accounts lose money.

Capital.com

A 0% commission platform that provides low overnight fees, tight spreads, and no currency conversion fees! With access to over 6,100 markets, It offers stocks and ETFs plus CFD trading in indices, shares, cryptos, commodities and Forex. See our Capital.com summary.
Disclaimer: 83.45% of retail CFD accounts lose money.

DEGIRO

A discount broker in Europe with over 2 million users. It adopts a simple fee structure – a flat handling fee per transaction (it varies between countries) plus 0.25% on FX fees. More information on our DEGIRO summary.
Disclaimer: Investing involves risk of loss.

Stake

Trade 6,000+ stocks and ETFs commission-free, with only a 0.5% fee on deposits and withdrawals. Stake is an Australian, commission-free broker.

Freetrade

An investment app that lets you invest in more than 6,000 stocks (from the US, the UK, German, Finland and the Netherlands) and ETFs, for free. Offers ISA and SIPP accounts. More information on our Freetrade summary.

✔️ All of them are authorized to operate in the UK by the Financial Conduct Authority (FCA). As such, all are under investor protection schemes.

Comparison of commission-free brokers in the UK

  • Broker
  • Website
  • Overview
  • Demo Account
  • Account minimum
  • Products and Markets
  • Fees
  • US stocks
  • EU stocks
  • ETFs
  • Currency Conversion Fee
  • Security
  • Regulators
  • Investor Compensation Scheme(per person, per instituion)
  • eToro
  • Visit eToro
  • The leading social trading platform with 25M+ users worldwide. Copy other traders/investors, invest in one of the pre-built portfolios, or trade for yourself.

  • $50
  • Real Stocks, ETFs, Forex and CFDs on Stocks, ETFs, Cryptos and Commodities. Social Trading, Copy Portfolios.
  •  
  • $0
  • $0
  • $0**Not all ETFs are offered with 0% commissions.
  • Starts from 50 pips
  •  
  • FCA; CySEC; ASIC
  • Up to €20.000
  • Degiro
  • Visit Degiro
  • Degiro is a discount broker allowing retail clients to benefit from the same low rates and opportunities that used to only be available to professional clients.

  • €1
  • Real Stocks, ETFs, Investment Funds, Futures, Leveraged Products, Bonds and Warrants.
  •  
  • €0**+ €0.50 flat handling fee
  • €3.90**+ €0.50 flat handling fee
  • 200 free ETFs; Other ETFs: €0.50 flat handling fee
  • 0.25%
  •  
  • AFM; DNB; FCA; FI
  • Up to €20.000**(from non-returned assets up to 90%)
  • Capital.com
  • Visit Capital.com
  • Capital.com is primarily a CFD and Forex broker but also offers spread betting, ETFs and real stock investing in some countries.

  • €/$/£20
  • Stocks, ETFs and CFDs in indices, shares, cryptos, commodities and Forex
  •  
  • €/$/£ 0
  • €/$/£ 0
  • €/$/£ 0
  • 0%
  •  
  • FCA; CySEC; ASIC; NBRB
  • Up to €20.000 for clients in Europe; Up to £85.000 for clients in the UK
  • Stake
  • Visit Stake
  • Stake is an Australian commission-free broker with over 6000+ stocks and ETFs available.

  • £50
  • Stocks and ETFs.
  •  
  • €0
  • -
  • €0
  • 0.5%
  •  
  • ASIC; FCA
  • Up to £85.000
  • Freetrade
  • Visit Freetrade
  • An investment app that lets you invest in tocks, as well as ETFs, for free. Offers ISA and SIPP accounts.

  • £1
  • Real Stocks, ETFs, Investment Trusts, REITs, SPACs
  •  
  • £0
  • £0
  • £0
  • 0.45%
  •  
  • FCA
  • Up to £85.000

Commission-free brokers in the UK

1# eToro

etoro logo
Visit eToro
68% of retail CFD account lose money.

eToro at a glance

0% Commissions
Mobile App
ProductsCFDs, ETFs, Stocks, Commodities, Forex, and Cryptocurrencies
Minimum Deposit$10
RegulatorsCySEC, FCA, and ASIC

Founded in 2006, eToro is a well-known worldwide fintech startup and the leader in the social trading field (follow other people’s trades), with over 25 million users worldwide. You can also invest in other products such as CFDs, ETFs, stocks, commodities, Forex, and cryptocurrencies through their platform, which is intuitive and simple to use, making it a good choice for beginners. Plus, eToro offers commission-free stock and ETF trading in the UK (not all ETFs are commission-free).

Opening an account and depositing is easy, and you can even try it out with virtual money (demo account). On the downside, spreads can be high for some products. The only currency accepted (base currency) is the USD, which means that you’ll be charged currency conversion fees upon deposit and withdrawal if you deposit in another currency.

If you want to learn more, check our eToro Review.

eToro Pros and Cons

Pros
  • Commission-free stock and ETFs trading (not all ETFs are commission-free)
  • Social Trading and other innovative products
  • Wide variety of financial products
  • Slick, modern, and easy for anyone to use
  • Top tier regulators
  • $50 referral bonus (for US and UK clients)
Cons
  • Limited disclosed financial information
  • Withdraw and inactivity fees
  • Spread, overnight, inactivity, and currency conversion fees higher than average
  • Offers primarily CFDs, which are high-risk instruments and with no asset ownership
  • Only one currency base account (USD)

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.

Commission-free brokers in the UK

2# Capital.com

5 Best Commission-Free Brokers in the UK for 2022 1
Visit Capital.com
83.45% of retail investor accounts lose money.

Capital.com at a glance

0% Commissions
Mobile App
ProductsStocks, ETFs and CFDs in indices, shares, cryptos, commodities and Forex
Minimum Deposit£20
RegulatorsFCA, CySEC, ASIC and NBRB

Founded in 2016, Capital.com is a fintech group of companies committed to building the world’s best trading experience. They utilise AI-enabled technology and integrations with the likes of Trading view to offer a unique trading experience.

With 500,000+ active users, Capital.com is a commission-free broker in stocks, ETFs and CFDs in indices, shares, cryptos, commodities and Forex. The only charges you will notice are spreads (the difference between the buy and sell prices) and overnight fees (only if you have leveraged positions).

The trading platforms on desktop and mobile are highly customised to your individual trading preferences. You have access to news feeds, extended trading hours and a wide range of orders types. Investors also have lots of educational content to explore, the minimum deposit is only €20 (except for a wire transfer: €250), and the customer service is available 24/7 through different channels (live chat, e-mail, WhatsApp, Facebook Messenger,…).

Besides, Capital.com is supervised by top tier regulators such as FCA, CySEC, ASIC and NBRB. You are under Investment Protection Schemes, Negative Balance Protection, segregated funds, two-factor authentification and data protection.

On the downside, stock and ETF trading is not available in all countries, the platform does not offer Options or Bonds, and it may be overwhelming for beginners.

Want to know more about Capital.com? Check our Capital.com review.

Capital.com Pros and Cons

Pros
  • Easy to open an account
  • Demo Account
  • Minimum deposit of £20
  • No currency conversion fee
  • Extended trading hours
  • Lots of educational content
  • Strong customer support
Cons
  • The product offering is still limited to CFDs in most countries (missing bonds and other real assets)
  • To trade real stocks and ETFs, users have to contact customer support to open a separate account for that purpose
  • It may be overwhelming for beginners

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83.45% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Commission-free brokers in the UK

3# DEGIRO

DEGIRO logo
Visit DEGIRO
Investing involves risk of loss.

DEGIRO at a glance

0% Commissions
Mobile App
ProductsStocks, Funds, ETFs, Futures, Leveraged Products, Bonds, and Warrants
Minimum Deposit£1
RegulatorsAFM, DNB, FCA

Founded in 2013, DEGIRO is a low-cost brokerage firm that has become very popular due to its low rates! With over 2 million users, the innovative platform has become widely known for its “do-it-yourself” philosophy in the sense that you have everything at your disposal to start investing on your own. It offers a wide range of financial assets to trade, including stocks, ETFs, bonds, options, futures contracts, warrants, investment funds, and some leveraged products (not quite the same as CFDs. More info here).

For instance, you can trade some stocks and ETFs for free (a €0.50 flat handling fee – external costs – still applies). You also have a list of 200 ETFs where you may trade once a month completely free with no minimum amount required. The web trading platform is basic, but it is efficient and straightforward to use. In a matter of minutes, you get used to it. The same applies to its mobile app. On the downside, there is an absence of any significant fundamental research, a €2.50 connectivity fee applies and pricing alerts are missing.

Regarding security, DEGIRO is the Dutch branch of flatexDEGIRO Bank AG (a German regulated bank). In the unlikely event that the segregated assets cannot be returned to clients, DEGIRO falls under the German Investor Compensation Scheme, which compensates any losses from non-returned assets up to 90% (with a maximum of €20,000), so do bear this in mind if you are planning to invest much larger volumes. Furthermore, any money deposited on a DEGIRO Cash Account with flatexDEGIRO Bank AG will be guaranteed up to an amount of €100,000 under the German Deposit Guarantee Scheme.

Still any doubts? Go through our DEGIRO Review!

DEGIRO Pros and Cons

Pros
  • There is a list of commission-free ETFs available (one free transaction per month – check DEGIRO’s official website in your country for more details and applicable conditions)
  • 0% commission in US stocks and ETFs
  • User-friendly web and mobile app
  • Wide range of investment options
  • Education material: Investor’s Academy and Investing with DEGIRO
  • Super low commission structure
  • Manual FX conversion option
  • No account opening, inactivity, or withdrawal fee
Cons
  • €0.50 flat handling fee
  • €2.50 connectivity fee (paid annually)
  • Doesn’t offer Forex, CFDs, or Cryptos
  • No demo account
  • Little research
  • Only available in 18 European countries

Commission-free brokers in the UK

4# Stake

Stake App
Visit Stake

Stake at a glance

0% Commissions
Mobile App
ProductsStocks and ETFs
Minimum Deposit£50
RegulatorsFCA, ASIC

Stake is an Australian online broker that offers commission-free trades on US stocks and ETFs.

One of Stake’s main advantages is its transparency and low cost. There are no inactivity or trading fees. Furthermore, new users can get one free share after funding the account.

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.

On the downside, users are charged a 0.5% deposit and withdrawal fee. Also, the range of products and markets available is limited: it doesn’t cover UK-listed securities, bonds, among other products.

Stake Pros and Cons

Pros
  • Commission-free Real Stocks and ETFs trading
  • Slick, modern, and user-friendly platform
  • Fast and easy account opening process
Cons
  • Limited product portfolio (no Options, Bonds, Cryptos, Mutual Funds, Futures)
  • Limited number of markets covered (only US-listed stocks and ETFs)
  • Lack of education materials
  • 0.5% deposit and withdrawal fee
  • No ISA

Commission-free brokers in the UK

5# Freetrade

Freetrade Review - Freetrade Logo
Visit Freetrade

Freetrade at a glance

0% Commissions
Mobile App
ISA
ProductsStocks and ETFs
Minimum Deposit£1
RegulatorsFCA

Freetrade is a mobile-only commission-free UK stockbroker founded in 2016 that lets you invest in more than 6,000 stocks (US, UK, German, Finnish and Dutch), as well as ETFs, for free.

Freetrade came to revolutionize the traditional brokerage industry. A lot of brokers still present high complexity over their platforms and product offer. Freetrade is on a mission to help customers achieve better long-term financial outcomes and, for that purpose, it wants to be as transparent and trustworthy as possible. Ultimately, their goal is to allow everyone to benefit from wealth creation.

In the Freetrade app, you will not find CFDs and other related complex products; it does not promote day trading and has no hidden fees. The accounting opening process is quick and smooth. The mobile app is remarkably user-friendly. The main drawback is the limited product offering (no options, Forex, CFDs, Commodities or Cryptocurrencies).

As displayed on their website, Freetrade makes money through 3 revenue streams: ISA, £3/month, their premium service (£9,9/month), a fee of 0.45% of the Base FX rate on each US order placed, and a small amount of interest earned from banks on customers’ cash.

They operate under a freemium (free+premium) business model. For £9,9/month, users get extra features, such as limit orders, the ability to set stop loss, more stocks, etc. If you’re interested, you can also read our full Freetrade Review.

Freetrade Pros and Cons

Pros
  • Free stock and ETF trading
  • No minimum deposit
  • ISA and SIPP account
  • No inactivity, account or withdrawal fees
  • Great community (forum) – where users share ideas and learn about investing
  • Nice and user-friendly app
  • Very transparent on everything
  • You get a free share of up to £200 if you invite a friend with your code, and so does he.
Cons
  • Limited asset classes (only stocks, ETFs, REITs and investment trusts)
  • Limited research and education
  • Graphs and portfolio tracking still need some development
  • No web or desktop platform
  • No phone support – however, live chat support is very fast and efficient
  • No 24/7 support

Summary

 1# eToro Best for commission-free Stocks, ETFs and cryptos
 2# Capital.com Best for CFDs trading
 3# DEGIRO Best range of instruments and markets
 4# Stake Best for simplicity
 5# Freetrade Best for beginners

Which platform should you choose?

Some factors you should know when choosing an online broker are the fees charged if it is regulated by top-tier institutions such as the FCA in the UK, the range of products it allows you to trade (not all platforms allow you to trade EU stocks), among others.

The best online broker in your specific case will depend on your profile, preference, and objectives. Explore the websites above and decide for yourself!

A reminder that the above should not be seen as investment advice and should be considered information only. Investors should do their own research and diligence about the best-suited services and opportunities for their risk, returns, and impact strategy.

Hope we helped, and leave your comments below.

Happy investments!

Other FAQs about Brokers in the UK

How to invest in stocks from the UK?

You can use one of the online brokers shown above: eToro, Capital.com, DEGIRO, Stake, and Freetrade.

What is a brokerage company?

It is an entity designed to be the middleman between you and the people you are trying to buy or sell a stock, ETF, crypto,… you name it!

Which broker is best in the UK?

There is no single answer. It depends on what you value most: fees, security, investment platform or any relevant feature.

What are the types of investments you can make with a brokerage account?

You can trade stocks, ETFs, Forex, Bonds, Futures and CFDs on stocks, ETFs, indices, cryptocurrencies, commodities.