There are several trading platforms available for stock market trading in the UK, each offering various features, fees, and services that cater to different types of investors. Here are some of the best platforms to consider: For more information please visit best trading platforms UK
1. Hargreaves Lansdown
- Features:
- One of the largest and most popular stockbrokers in the UK.
- Offers access to a wide range of investment products, including stocks, ETFs, funds, and bonds.
- Provides educational resources and research tools.
- Dedicated customer support.
- Fees:
- Commission-free trading on some funds, but stock trading has fees (around £11.95 per trade).
- Best For: Beginners and experienced investors seeking a comprehensive platform.
2. Interactive Brokers
- Features:
- Known for its low commission rates and access to international markets.
- Offers advanced tools, charts, and research for active traders.
- Provides access to stocks, options, forex, futures, and more.
- Fees:
- Low fees, with commissions starting at $0.005 per share (for stocks).
- Currency conversion fees may apply for international trades.
- Best For: Advanced traders looking for low costs and access to global markets.
3. eToro
- Features:
- Social trading features, allowing you to copy trades of successful investors.
- Wide range of assets including stocks, commodities, crypto, and ETFs.
- User-friendly interface and mobile app.
- Fees:
- No commission on stock trading (but there are spreads and withdrawal fees).
- Forex, crypto, and other non-stock assets may have higher fees.
- Best For: Beginners and those interested in social trading.
4. Freetrade
- Features:
- Commission-free trading on UK and US stocks and ETFs.
- Simple, easy-to-use app designed for beginners.
- Offers fractional shares for low investment amounts.
- Fees:
- Free for basic accounts; Freetrade Plus offers additional features for £9.99/month.
- Best For: Beginners and those looking for a straightforward, fee-free experience.
5. AJ Bell Youinvest
- Features:
- Comprehensive platform with stocks, ETFs, investment trusts, and funds.
- Access to educational resources, tools, and research.
- Mobile app and web platform.
- Fees:
- £9.95 per trade, with discounts for regular traders.
- Best For: Investors looking for a balance between low fees and research tools.
6. IG Group
- Features:
- One of the largest online trading platforms in the UK.
- Access to a wide range of assets including stocks, forex, indices, and options.
- Advanced charting tools and research.
- Fees:
- Charges vary depending on the asset class; stock trading commissions start at £8 per trade.
- Offers commission-free trading on certain markets and for certain volumes.
- Best For: Active traders who need advanced tools and access to diverse markets.
7. Charles Stanley Direct
- Features:
- Simple platform offering stocks, ETFs, and investment funds.
- Reliable customer support and educational content.
- Fees:
- £11.50 per trade for stocks, with volume discounts available.
- Best For: Long-term investors who prefer a straightforward approach.
8. Plus500
- Features:
- Offers CFDs for trading in stocks, indices, commodities, and cryptocurrencies.
- User-friendly platform with mobile app support.
- Fees:
- No commission on trades, but spreads apply.
- Best For: Those who want to trade CFDs rather than physical stocks.
9. Degiro
- Features:
- Low-cost broker that offers a wide range of stocks, ETFs, and options.
- International trading options.
- User-friendly interface for new traders.
- Fees:
- Very competitive fees starting from as low as €0.50 per trade.
- Best For: Cost-conscious traders who want access to international markets.
10. Vanguard
- Features:
- Offers low-cost access to stocks, ETFs, and index funds.
- Known for its long-term investment approach.
- Provides useful tools for retirement and long-term savings.
- Fees:
- Commission-free on stocks and ETFs.
- Best For: Long-term investors and those interested in index investing.
Factors to Consider When Choosing a Platform:
- Fees: Look for platforms with low trading commissions or no commission for your type of trading.
- Platform Features: Consider if the platform has educational resources, research tools, and easy-to-use mobile apps.
- Assets Available: Ensure the platform offers the assets you wish to trade (stocks, ETFs, options, etc.).
- Regulation: Make sure the platform is regulated by the Financial Conduct Authority (FCA) in the UK for protection.
Each of these platforms has its own strengths, so the best choice depends on your trading preferences and experience.