Which Are the Best Online Trading Platforms in the UK in 2023?
Having the right tools for the job is essential in other industries, so getting the right trading platforms in the UK is critical for a British trader. Your online trading platform is your gateway to the trading world and the tool that will allow you to enter and exit trades. Fortunately, the country is home to hundreds of excellent financial institutions and finding a broker should not be as difficult.
However, despite great options, finding one that suits your needs can still take time and effort. But worry not. This piece will look at the best online trading platforms in the Uk that you can rely on from 2023.
Plus500 is an Israeli-based platform that offers trading services in the UK and over 50 countries globally. It was formed in 2008 and has since received registration in many reputable trading jurisdictions. You can also rest assured it's fully compliant with UK laws, and you can safely transact on the platform.
Furthermore, Plus500 is listed on the London Stock Exchange, meaning you can trade on the platform and trade it as well. You can expect to find instruments such as CFDs, stocks, futures, options, and commodities. Finally, the platform runs on both MetaTrader 4 and 5 and has excellent Android and IOS apps.
eToro is another Israeli-based trading platform available in the UK market. It was founded in 2007 and is registered in two tier-one jurisdictions making it a safe and secure platform you can trust. eToro's fees are on the higher side, but the millions of traders who use it find it worth it. This is because the platform offers features such as copy trading, which allow you to emulate other traders' trades. Furthermore, it has won multiple awards for being one of the most user-friendly and effective trading platforms.
Another feature that makes eToro an excellent platform is that it offers indemnity insurance for trades under £1 million. eToro's mission is to get a universal minimum wage for everyone, which is really commendable for a platform in an industry mostly known for greed.
Capital.com is a trading platform based in Cyprus but has offices in the UK and other high-tier markets. The platform has received good reviews from users, and it's safe to use in the UK and over 150 countries in the world. Furthermore, it offers over 6,000 tradable assets from all facets of the trading world, and you will be well-catered while trading on the platform.
One interesting thing about Capital.com is that it has one of the best user interfaces that allows even beginner trades to navigate the industry. In addition, the platform has a free demo account and excellent learning materials. Speeds on the platform are excellent, and you will not experience the lag of other older-generation platforms.
IG markets is a London-based trading platform that's the world's best CFD provider. And as with the other platforms on this list, it's fully licensed in the UK and safe for any Brit. You can expect to find instruments such as forex, indices, options, stocks, and commodities that will serve you well if you're an expert or intermediate trader.
Furthermore, you can expect all the trading tools that allow you to chart multiple security's time frames, as well as the ability to place stop loss and take profit orders. Spreads and fees on the platform are competitive and at par with other platforms of the same stature. And last but not least, the platform has one of the best customer services and excellent learning materials to help you.
AvaTrade is an Ireland-based trading platform regulated by the Central Bank of Ireland and other top-tier trading jurisdictions. It supports multiple payment methods that don't attract a fee when making deposits or withdrawals. However, unlike other platforms in the country, AvaTrader's instruments are limited to forex, a few CFDs, indices, and commodities.
But on a positive note, it has excellent research tools, a free demo account, and the ability to place stop loss and take profit orders. The platform also runs on the MetaTrader architecture, giving it a user-friendly interface that's intuitive to use and excellent mobile apps for both IOS and Android devices.