Trading in the UK could be one of the best ways to secure financial freedom. Notwithstanding, selecting the ideal trading platform may become slightly challenging.
This post features some of the best UK trading platforms in 2023. For starters, it’s best to consider factors like execution speed, spread, commission, and others before settling for a trading platform.
Best Online Trading Platforms in the UK
The majority of brokers in the UK have established robust online trading solutions. Below is a quick highlight of some of the best trading platforms in the UK. It’s essential to note that the list is in no particular order.
TradingView
When it comes to trading in the United Kingdom, TradingView is by far one of the most popular trading platforms. Interestingly, most trading platforms in this review integrate Tradingview into their platform. It offers robust charting tools, analytical tools, and vast real-time market data viewing capabilities.
Additionally, Tradingview is praised as one of the fastest trading systems for its fast execution speed and affordability. More importantly, users have access to third-party scripts and AI features, which they can integrate with the Tradingview platform to enhance their trading experience. While Tradingview provides the free-to-use version, traders enjoy the best value when they opt for the Tradingview Pro or Tradingview Pro+ versions.
eToro
eToro provides one of the best trading systems in the UK, carrying 3000+ instruments, and it has a presence in over 140 countries. eToro keeps its cost to users as low as possible by charging 0% commissions and zero annual fees, making it one of the cheapest trading solutions in the UK.
Other upsides of eToro include its wide range of Asset classes, featuring Investment Trusts, Forex, Commodities, and Stocks, among others. It also boasts efficient charting and visualizing tools and several other features for beginner and pro traders.
Pepperstone
Pepperstone is recognized as the platform with the fastest execution speed in the UK. It combines speedy execution with a low-cost spread, which accounts for its popularity.
Furthermore, Pepperstone carries over 1200+ instruments, including ETFs, Stocks, CFDs, Commodities, etc. Also, with Pepperstone, traders can leverage about 30:1 across several currency pairs.
Even though Pepperstone features its native proprietary training material, it equally grants access to trading software, including the popular TradingView, MT4, and MT5. Likewise, it gives access to AI-backed tools like Capitalize, and it’s reported to be the best trading platform for beginners.
XTB
XTB draws strength from its wide selection of instruments, numbering over 5600+. It is also one of the cheapest trading platforms in the UK, featuring asset classes like Stocks, Forex, Commodities, and ETFs, and it charges 0% commissions.
Moreover, XTB sets itself apart from other trading solutions in the UK by providing native software and access to other trading tools and software.
And it also provides an excellent mobile experience, compatible with Android and iOS devices. Overall, it’s one of the best trading solutions in the UK for beginners and seasoned traders.
IG
IG prides itself as the first spread-betting trading solution in the UK. Its core strength comes from its robust instrument numbering over 18000+. It grants users access to high-risk instruments like stocks, Forex, etc.
Conversely, IG is more suitable for experienced traders and day traders due to the instruments it features and the tools it offers. Also, its costs are relatively higher than other platforms listed in this article.
FAQ
What Is Trading?
Generally, trading is the buying and selling assets or securities, which might include bonds, stock, currencies, etc, and the goal is to earn returns in investment (ROI) or profit. Usually, it involves traders and brokers and can take place online or offline.
What Are the Best Trading Platforms for Beginners in the UK
Some of the best trading platforms for beginners in the UK include eToro, Pepperstone, XTB, Plus500, etc. These platforms work best for all levels of traders, including day traders.
How Long Does It Take to Master Trading in the UK?
Trading generally has a steep learning curve, and the time it takes to learn depends on the abilities of the learner and the chosen trading platform.