Top Rated Online Trading Platforms in the UK
There are numerous benefits of using an online trading platform. You can trade on many options without having to pay commissions. These include more than 10,000 stock CFDs as well as 200 currency pairs and 1,800 ETFs. These platforms offer extremely low spreads, as low as 0.4 percent for assets that are highly traded.
eToro
eToro is a leading social trading broker that offers no commissions on stock transactions. This makes it a fantastic option for UK residents who want to invest in multiple markets. eToro is a user-friendly platform which makes it simple for novices to start trading. The company also provides an account for demos and a practice account to help you get confidence to use the trading platform.
IG is another top-quality broker. The trading platform on the web can be customized and includes advanced tools such as biometric authentication and custom watches lists. It also provides price alerts and access to a library of educational material. Plus500 is another excellent option to traders who need tight spreads and low commissions.
XTB
XTB is a top-rated online trading platform in the UK with a variety of features and low costs. The platform is monitored by the FCA and CySEC, and all client accounts come with negative balance protection, which ensures that clients don’t lose more money than they deposit. The company does not require a minimum amount of deposits and is able to accept a variety of payment methods.
XTB is controlled by the top financial authorities and is listed on the stock exchange. best trading platform uk offers great value to its customers and has unique features which make it a suitable choice for beginners and more experienced traders alike. It also has features like a Cashback program for closed positions, and rewards for high volume trading. These rewards can be exchanged for new funds in the next month, or to purchase cash. The company also offers a wide range of trading strategies, including a unique strategy for trading known as “scalping,” in which traders trade multiple times that they close with a tiny profit, and then buy more.
SaxoTraderGO
Saxo’s trading platform has an interactive chart feature with 50 technical indicators and a variety of chart editing tools. The site also provides an automatic trading signal service that is powered by Autochartist. There is also a news feed and economic calendar. The drawback is that it cannot filter news by asset.
Saxo Bank was founded in 1992 in Denmark and specializes in online trading and investment. It has grown into a global brokerage in 15 countries. In 2001, it was granted a bank license. In the end, Saxo operates as an online broker with a banking license. While the company isn’t listed on any stock market, it does offer an array of financial products.
Freetrade
Freetrade is an award-winning online trading platform. Trustpilot has given Freetrade a rating of 4.2/5 with more than 500 reviews. Freetrade’s pricing range and customer service are highly praised by users. It also has a 4.7/5 rating in the Apple App Store and 4.6/5 in Google Play. This makes Freetrade an excellent choice for both novice and experienced investors.
Another good thing about Freetrade’s site is its ease-of-use. The site is divided into five sections, and the interface for users is simple and easy to use. You can check your portfolio and make allocations. You can also locate most popular stocks as well as view the most recent news. The app lets you add funds to your account, receive news updates, and even send out alerts. Freetrade is an app that costs little , and the support staff can answer your questions and help you with trading.
Interactive Investor
Established in 1995, Interactive Investor has grown into one of the biggest flat-fee platforms for investing, serving more than 400,000 customers. Its headquarters are in Manchester and has offices in London, Leeds, and London. It is a subsidiary of UK investment company Abrdn. Established by Sherry Coutu, the business was initially supported by Angel investors Richard Caruso and John Cooper and venture capitalist firm Arts Alliance.
Interactive Investor provides access to advanced trading tools that are helpful in both fundamental and technical research. It covers over 135 markets in 33 countries and thousands of financial instruments. It also supports index funds, ETFs and fractional ownership.