Online Brokers in the UK 2022

The UK is one of the financial capitals of the world, making it a hotspot for online forex and stock brokers. But the vast numbers on offer can make a comparison of the top brokerage firms tricky. In this article, we show you how to compare online brokers in the UK, including how to assess costs, leverage, platforms and more. Plus, we’ve included our list of the best online brokers in the UK below.

UK Brokers List

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Found 94 Brokers
Pepperstone offers spread betting and CFD trading to both retail and professional traders. Clients can trade FX, indices, commodities and shares on MT4, MT5 and cTrader platforms.
Demo Account
Yes
Regulated By
FCA, ASIC, DFSA, CMA, BaFin
MT4 Integration
Yes
Min. Deposit
$500 recommended
Min. Trade
0.01 Lots
Crypto
Yes
Leading forex and CFD broker since 2006, regulated in Ireland, Australia, Canada, Japan, Abu Dhabi, and South Africa. AvaTrade offers multiple trading platforms, including MT4/5, Web Trader, Mobile App, Vanilla options and Social Trading. +1250 Financial Instruments, Educational content and multilanguage customer support active 24/7. 20% Welcome bonus available on allowed countries.
Demo Account
Yes
Regulated By
CBoI, ASIC, FSB, ESMA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
$.01
Crypto
No
CMC Markets is headquartered in London and listed on the LSE (FCA Regulated). It offers competitive spreads on a global range of assets via its Next Generation platform.
Demo Account
Yes
Regulated By
FCA, MAS, ASIC, IIROC
MT4 Integration
Yes
Min. Deposit
£0
Min. Trade
0.01 Lots
Crypto
No
FXCC is a trustworthy trading broker regulated by the CySEC. The brokerage offers ECN trade executions, leverage up to 1:500 and $0 commissions.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
Yes
XTB is one of the largest stock exchange-listed FX & CFD brokers in the world, offering access to over 2000 instruments on their trading platforms.
Demo Account
Yes
Regulated By
FCA, CySEC, IFSC, KNF, DFSA
MT4 Integration
No
Min. Deposit
$0
Min. Trade
0.01 Lots
Crypto
No
Reliable and affordable trading since 2009. Join over 900,000 others trading on 400+ CFD products over assets like forex, gold, indices, cryptocurrency and shares from 0.0 spreads through TradingView, MT4 or MT5. Vantage is ASIC regulated and client funds are segregated. Open an account in under 5 minutes.
Demo Account
Yes
Regulated By
ASIC, FCA, CIMA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 Lots
Crypto
Yes
Eightcap is a multi-regulated FX & CFD broker offering the MT4 & MT5 platforms. Award winning platform, zero commission, free education and low spreads.
Demo Account
Yes
Regulated By
ASIC, VFSC
MT4 Integration
Yes
Min. Deposit
£/€/$100
Min. Trade
0.01 lots
Crypto
No
An investor with a Plus500 account can trade CFDs on underlying financial instruments such as Forex, Stocks, Commodities, Cryptocurrency (Availability subject to regulation), Options and Indices. With tight spreads and no commission, they are a leading global brand.
Demo Account
Yes
Regulated By
FCA, MAS, CySec, ASIC, FSA
MT4 Integration
No
Min. Deposit
$100
Min. Trade
Varies by asset
Crypto
Yes
XM.com Offer a range of Account types and a low minimum deposit to appeal to all levels of trader. With 1000+ markets and low spreads they offer a great service.
Demo Account
Yes
Regulated By
IFSC, DFSA, CySEC, ASIC
MT4 Integration
Yes
Min. Deposit
5 $/€/£
Min. Trade
0.01 Micro lots
Crypto
No
Trade Forex on 0.0 pip spreads with the world's leading True Raw forex broker - IC Markets.
Demo Account
Yes
Regulated By
ASIC, CySec, FSA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 Lots
Crypto
Yes
Established spread betting, forex and CFD broker with over 30 years in the business. Regulated around the globe.
Demo Account
Yes
Regulated By
ASIC, FCA, MAS
MT4 Integration
Yes
Min. Deposit
£/$100 (varies by location)
Min. Trade
0.01 Lots
Crypto
No
Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world.
Demo Account
Yes
Regulated By
FCA, ASIC, DFSA, FMA
MT4 Integration
Yes
Min. Deposit
0 $/€/£
Min. Trade
0.01 Lots
Crypto
Yes
Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
Demo Account
Yes
Regulated By
CySEC, IIROC, NFA, CFTC, FCA, FSA, and CIMA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
$1
Crypto
No
LegacyFX is a multi-asset broker offering an MT5 download & free signals.
Demo Account
Yes
Regulated By
CySEC, FCA, VFSC, NBRB
MT4 Integration
No
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
Skilling are an exciting new brand, regulated in Europe and beyond, with a bespoke browser based platform, allowing seamless low cost trading across devices.
Demo Account
Yes
Regulated By
CySec, FSA
MT4 Integration
Yes
Min. Deposit
100 £/€/$ or 1000 NOK, SEK
Min. Trade
0.01 Lots or 1 Share
Crypto
Yes
Quotex offers a proprietary web platform that offers digital options and copy trading.
Demo Account
Yes
Regulated By
IFMRRC
MT4 Integration
No
Min. Deposit
$10
Min. Trade
$1
Crypto
Yes
Capital.com offer CFDs and Forex CFDs on a huge range of assets, with competitive spreads and zero commission on unique platforms, including the fully functional mobile app.
Demo Account
Yes
Regulated By
FCA, CySEC, ASIC, FSA
MT4 Integration
Yes
Min. Deposit
£/$/€20 (Varies by payment method)
Min. Trade
Varies by asset
Crypto
No
RoboForex is a multi-asset online broker offering powerful trading aides.
Demo Account
Yes
Regulated By
IFSC
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
FXChoice is an offshore retail broker offering MT4 and MT5 platform downloads plus online CFD trading.
Demo Account
Yes
Regulated By
FSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Fusion Markets are delivering low cost forex and CFD trading via low spreads and trading costs. Their message is - Stop paying too much to trade
Demo Account
Yes
Regulated By
ASIC
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 Lots
Crypto
Yes
easyMarkets.com - Simply Honest. Trade CFDs on Forex, Commodities, Indices, Shares & Cryptos With a Top Rated Forex Broker
Demo Account
Yes
Regulated By
CySec, ASIC, BVI
MT4 Integration
Yes
Min. Deposit
€100
Min. Trade
Varies by asset
Crypto
Yes
PrimeXBT is a Bitcoin-based platform offering highly leveraged trading in FX, indices, commodities, & cryptocurrencies.
Demo Account
No
Regulated By
MT4 Integration
No
Min. Deposit
0.001 BTC
Min. Trade
0.01 contract
Crypto
Yes
Pocket Option is a global binary options broker with sleek proprietary trading platform and competitive range of assets.
Demo Account
Yes
Regulated By
IFMRRC
MT4 Integration
No
Min. Deposit
$50
Min. Trade
$1
Crypto
Yes
NordFX offer forex trading with specific accounts for each type of investor. Spreads start from 0.0 pips while minimum deposits start at $10.
Demo Account
Yes
Regulated By
VFSC
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
$1
Crypto
Yes
BitMEX offer the largest market liquidity of any cryptocurrency exchange. The platform also offers ultra low trading costs and minimum deposit requirements.
Demo Account
Yes
Regulated By
Licensed in the Republic of Seychelles, company number 148707
MT4 Integration
No
Min. Deposit
0.001 BTC
Min. Trade
Varies upon the crypto traded and amount of leverage
Crypto
Yes
NinjaTrader offer investors futures and forex trading. Use auto-trade algorithmic strategies and configure your own platform while trading with the lowest costs.
Demo Account
Yes
Regulated By
NFA, CFTC
MT4 Integration
No
Min. Deposit
$50
Min. Trade
Varies by asset
Crypto
Yes
EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions including the UK and Australia. The firm offers tight spreads and no minimum deposit.
Demo Account
Yes
Regulated By
FCA, ASIC, FSCA, SCB
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.1 lots
Crypto
No
FXCM are an FCA regulated, London based broker. Companies under the FXCM umbrella are also regulated in Australia and South Africa.
Demo Account
Yes
Regulated By
FCA, CySEC, ASIC.
MT4 Integration
Yes
Min. Deposit
£300
Min. Trade
Varies by asset
Crypto
No
Finq.com offer a great all round service with trading on 2100+ assets and immediate bonus offers. Up to $4000 in Deposit Bonuses.
Demo Account
Yes
Regulated By
FSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Spreadex offer spread betting on financials with low fees. The company is a popular and award winning UK regulated broker.
Demo Account
No
Regulated By
FCA
MT4 Integration
No
Min. Deposit
£0
Min. Trade
£0.01
Crypto
Yes
FXTM is a leading forex and CFD broker. Offering a huge range of markets and 6 account types, they cater to all levels of trader.
Demo Account
Yes
Regulated By
CySec, ESMA, FCA and FSC of the Republic of Mauritius
MT4 Integration
Yes
Min. Deposit
From $50
Min. Trade
0.01 lots
Crypto
No
GO Markets is an ASIC-regulated FX & CFD broker.
Demo Account
Yes
Regulated By
ASIC, CySEC, FSC of Mauritius
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
Yes
ThinkMarkets is a multi-regulated forex and CFD broker
Demo Account
Yes
Regulated By
FCA, ASIC, FSCA, CySEC, JFSA, FSA Seychelles
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
Yes
Markets.com offer CFDs across a huge range of assets from shares and indices to commodities and cryptocurrencies.
Demo Account
Yes
Regulated By
FCA, CySEC, ASIC, FSCA, FSC, ESMA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
IG offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have a 40 year track record of excellence.
Demo Account
Yes
Regulated By
FCA, MAS
MT4 Integration
Yes
Min. Deposit
£250
Min. Trade
£1
Crypto
No
IronFX offers online trading in forex, stocks, futures and commodities
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Multi-Award winning broker. Specialising in Forex but also offering stocks and tight spreads on CFDs and Spread betting across a huge range of markets.
Demo Account
Yes
Regulated By
CySec, DFSA, FCA, SCB, FSCA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 Lots
Crypto
Yes
Trading in the Uphold environment offers a one-stop-shop for all your crypto requirements.
Demo Account
Yes
Regulated By
FCA, FinCEN
MT4 Integration
No
Min. Deposit
$0
Min. Trade
$1
Crypto
Yes
Dukascopy is a Swiss-based forex, CFD, and binary options broker
Demo Account
Yes
Regulated By
FINMA, FCMC, JFSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Exinity provides flexible low-cost trading in FX, commodities, indices and equities alongside unique education and support provided by teams located across the world. Now operating in the Middle East, through regulation from the Financial Services Regulatory Authority in Abu Dhabi and the Financial Services Commission of Mauritius, Exinity provides a range of services to traders and investors looking for new opportunities in the financial markets.
Demo Account
Yes
Regulated By
FSRA, FCA, FSC, CMA
MT4 Integration
Yes
Min. Deposit
Trader Pro: $10,000 Trader: $100 
World:$20
Min. Trade
0.01 lots
Crypto
No
RaceOption is a binary options and CFD platform offering trading contests and prize giveaways.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$250
Min. Trade
$1
Crypto
Yes
TMGM is a competitive forex and CFD broker with a wide range of instruments, features and tools provided at low-cost.
Demo Account
Yes
Regulated By
ASIC, FMA, VFSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Anzo Capital is a competitive global forex and CFD broker with ECN and STP accounts, both offering MT4 access and a wide range of assets.
Demo Account
Yes
Regulated By
IFSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Kucoin is a global crypto exchange offering spot and margin trading alongside lending services and trading bots.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$0
Min. Trade
0.0001
Crypto
Yes
Rockfort Markets is a New Zealand broker with a competitive range of assets, trading platforms and educational services.
Demo Account
Yes
Regulated By
FSP, FMA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
Yes
Pacific Union is a multi-asset broker offering trading via the MT4 and MT5 platforms.
Demo Account
Yes
Regulated By
Cyprus Securities and Exchange Commission (CySEC) and Seychelles Financial Services Authority (SFSA)
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Crypto
Yes
Nexo is a crypto platform with a range of blockchain-based solutions, including trading, lending, borrowing, and payment cards.
Demo Account
Yes
Regulated By
ASIC, FCEN
MT4 Integration
No
Min. Deposit
$10
Min. Trade
$30
Crypto
Yes
Pionex is a cryptocurrency exchange with impressive automated trading tools and bots.
Demo Account
No
Regulated By
FinCEN
MT4 Integration
No
Min. Deposit
$0
Min. Trade
0.1 USDT
Crypto
Yes
AdroFX is a regulated, global broker offering forex, CFD and crypto trading with MT4 access and attractive welcome bonuses.
Demo Account
Yes
Regulated By
FSA, BSSLA
MT4 Integration
Yes
Min. Deposit
$25
Min. Trade
0.01 lot
Crypto
Yes
Bybit is an established crypto exchange aimed at active online traders.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$0
Min. Trade
0.001
Crypto
Yes
RoboMarkets is an award-winning broker offering flexible margin trading.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$/£/€100
Min. Trade
0.01 lots
Crypto
No
OKX is a digital exchange offering trading on hundreds of cryptos across desktop and mobile applications with low fees.
Demo Account
Yes
Regulated By
VARA
MT4 Integration
No
Min. Deposit
10 USDT
Min. Trade
Variable
Crypto
Yes
Core Spreads offers CFD trading and spread betting across several asset classes on two top-tier platforms.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
No
Bitfinex is among the best crypto exchanges for experienced investors with a free mobile trading application and low fees.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$10,000
Min. Trade
$10 - $25
Crypto
Yes
Gemini is a leading crypto trading exchange with low fees and a long list of altcoins.
Demo Account
No
Regulated By
FCA
MT4 Integration
No
Min. Deposit
$0
Min. Trade
0.00001 BTC
Crypto
Yes
Paxful is a crypto trading exchange and digital wallet offering low fees and easy sign-up.
Demo Account
No
Regulated By
MT4 Integration
No
Min. Deposit
From 0.005 BTC
Min. Trade
10 USD
Crypto
Yes
Kraken is a top-rated cryptocurrency trading exchange offering the largest tokens and altcoins by market cap.
Demo Account
Yes
Regulated By
FCA, FinCEN, FINTRAC, AUSTRAC, FSA
MT4 Integration
No
Min. Deposit
$10
Min. Trade
Varies upon the crypto traded
Crypto
Yes
Global Prime is a multi-regulated trading broker offering 100+ markets.
Demo Account
Yes
Regulated By
ASIC, VFSC, FSA
MT4 Integration
Yes
Min. Deposit
AUD $200
Min. Trade
0.01 lots
Crypto
Yes
Trade.com offers thousands of tradable assets on desktop and mobile platforms.
Demo Account
Yes
Regulated By
FCA, CySEC, FSCA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
ActivTrades offers online trading on the MT4, MT5 and ActivTrader platforms. Over 93.60% of orders are executed at the requested price.
Demo Account
Yes
Regulated By
FCA, SCB
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
BlackBull Markets offers forex and CFD trading on the MT4 & MT5 platforms.
Demo Account
Yes
Regulated By
FMA, FSA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
No
StormGain provides an online crypto trading platform, cloud mining tool, plus digital currency wallets and daily signals.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$50
Min. Trade
$10
Crypto
Yes
LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$20
Min. Trade
0.01 lots
Crypto
Yes
Swissquote is an FCA-regulated FX & CFD broker offering 160+ trading products.
Demo Account
Yes
Regulated By
FCA, FINMA, DFSA, SFC
MT4 Integration
Yes
Min. Deposit
$1,000
Min. Trade
0.01 lots
Crypto
No
SimpleFX is a CFD broker offering its own SFX WebTrader platform & low fees.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
Yes
Speculate on traditional and emerging financial markets via MT4, MT5 and cTrader. FXPrimus is multi-regulated and offers leverage up to 1:1000 alongside monthly promotions.
Demo Account
Yes
Regulated By
CYSEC, MIFID, ICF, FCA, BaFin, VFSC
MT4 Integration
Yes
Min. Deposit
$15
Min. Trade
0.01 lots
Crypto
Yes
EZ Invest is a CySEC-licensed broker offering trading on the financial markets.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
Fortrade is a multi-asset broker offering a simple live account with advanced tools.
Demo Account
Yes
Regulated By
FCA, ASIC, CySEC, NBRB, IIROC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
FP Markets is a multi-asset broker offering a choice of trading platforms.
Demo Account
Yes
Regulated By
ASIC, CySEC, ESMA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Admiral Markets is leading Forex and CFD broker offering the MT4 & MT5 platforms
Demo Account
Yes
Regulated By
FCA, CySEC, ASIC, JSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Spectre.ai is a blockchain-based binary options broker
Demo Account
Yes
Regulated By
St. Vincent and the Grenadines
MT4 Integration
No
Min. Deposit
$0
Min. Trade
$1
Crypto
Yes
Access global exchanges anytime, anywhere, and on any device. DEGIRO offer stock trading with low fees and a large range of markets. DEGIRO are not CFD brokers and do not offer CFDs
Demo Account
No
Regulated By
FCA, BaFin
MT4 Integration
No
Min. Deposit
0 $/€/£
Min. Trade
Varies by asset
Crypto
No
Trade on the financial markets with low cost, leveraged products at HYCM.
Demo Account
Yes
Regulated By
FCA, DFSA, CIMA, CySEC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
FXOpen is a highly regulated FX & CFD broker offering multiple trading platforms.
Demo Account
Yes
Regulated By
FCA, ASIC
MT4 Integration
Yes
Min. Deposit
$300
Min. Trade
0.01 lots
Crypto
Yes
Infinox is a UK-based broker offering MT4 trading with tight spreads.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
£1
Min. Trade
0.01 lots
Crypto
No
Hantec Markets is a multi-regulated online FX broker offering MT4 and a tailored service providing flexibility to suit any trader.
Demo Account
Yes
Regulated By
FCA, ASIC, FSC, FMA, FSA, CGSE, VSFC, JSC
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
LiteForex Europe is an FX and CFD broker offering sophisticated trading tools.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Crypto
No
Videforex accepts deposits in a range of cryptos and fiat currencies. Payouts reach 95% per trade.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$250
Min. Trade
$1
Crypto
Yes
A regulated bank, Saxobank offer Equities and Forex trading on 40,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms
Demo Account
Yes
Regulated By
DFSA, MAS, FCA, SFC
MT4 Integration
No
Min. Deposit
£500
Min. Trade
Vary by asset
Crypto
No
Fondex is an award-winning forex and CFD broker with industry low trading costs.
Demo Account
Yes
Regulated By
FSA, CySEC
MT4 Integration
No
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
No
ZacksTrade: Built for the active trader. Stock & ETF trades from $3, 75¢ options contracts and 3.56% margin rate (lower on occasion)
Demo Account
No
Regulated By
SEC
MT4 Integration
No
Min. Deposit
$2500
Min. Trade
From $3
Crypto
No
Coinmama is a popular cryptocurrency trading exchange, aimed at beginners and high-net worth investors.
Demo Account
No
Regulated By
FinCEN, FINTRAC
MT4 Integration
No
Min. Deposit
$30
Min. Trade
$30 to buy, $100 to sell
Crypto
Yes
Deposit and trade with a Bitcoin funded account. BinaryCent offers binary options, FX and CFD trading. 1:100 leverage is also available.
Demo Account
Yes
Regulated By
VFSC
MT4 Integration
No
Min. Deposit
$250
Min. Trade
$.10
Crypto
Yes
IB Boast a huge market share of global trading. With a minimum deposit of $10,000 however, they remain an option for larger traders only.
Demo Account
Yes
Regulated By
SEC, FCA, IIROC, SFC
MT4 Integration
No
Min. Deposit
$10000
Min. Trade
$100
Crypto
Yes
Coinbase is the easiest place to buy, sell, and manage your cryptocurrency portfolio.
Demo Account
No
Regulated By
CBoI
MT4 Integration
No
Min. Deposit
0 $/€/£
Min. Trade
0.0001 XBT
Crypto
Yes
Trading 212 Offer a truly mobile trading experience. With tight spreads and a huge range of markets, they offer a dynamic and detailed trading environment. Recent customer care issues have severely damaged the reputation of the brand.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
No
Min. Deposit
€/£/$1
Min. Trade
0.01 Lots
Crypto
Yes
TP Global FX offers a long list of popular financial assets with spreads from 0.1 pips. With a focus on innovation and transparency, they are a growing brand.
Demo Account
Yes
Regulated By
SVG FSA, NFA, CAMA Nigeria
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
Yes
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Demo Account
Yes
Regulated By
FCA, CySEC
MT4 Integration
No
Min. Deposit
$200 ($50 in US, $10 in UK)
Min. Trade
$1
Crypto
Yes
Just2Trade offer high tech trading on stocks and options with some of the lowest prices in the industry.
Demo Account
Yes
Regulated By
CySEC, NFA, FINRA, Bank of Russia
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01
Crypto
Yes
Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets
Demo Account
Yes
Regulated By
HCMC
MT4 Integration
Yes
Min. Deposit
Broker choice dependent but balance on ZuluTrade should exceed $100
Min. Trade
$1
Crypto
Yes
Alpari offer forex, CFD and binary options trading across a big range of markets with low spreads and a range of account types that deliver for every level of trader from beginner to professional.
Demo Account
Yes
Regulated By
FSC of Maritius, SEBI, JFSA
MT4 Integration
Yes
Min. Deposit
From $/£/€ 5
Min. Trade
0.01 Lots
Crypto
Yes
InstaForex provide Forex, CFDs, Stock and Cryptocurrency trading. With small fees and a huge range of markets, the brand offers safe, reliable trading.
Demo Account
Yes
Regulated By
CySec
MT4 Integration
Yes
Min. Deposit
€100 to €50000 (Account choice dependent)
Min. Trade
0.01 Lots
Crypto
No
AGEA is a regulated forex & CFD broker offering multiple trading platforms and account types.
Demo Account
Yes
Regulated By
Commission for Capital Markets
MT4 Integration
Yes
Min. Deposit
$1
Min. Trade
0.01 lots
Crypto
Yes

How To Choose Online Brokers In The UK

To compare online forex, stock and penny trading brokers in the UK, you’ll need to assess a few factors. While cheap fees are important, they’re not the only thing to look out for. We’ve compiled the top things to consider in your comparison.

Platforms

The best online forex brokers in the UK will provide a trading platform that is both easy to use and intuitive. We’ve listed the main options you’ll find on the market below.

MetaTrader 4 (MT4) & MetaTrader 5 (MT5)

MT4 and MT5 are two of the most popular third-party platforms in the forex world. They were created by the developers MetaQuotes, who’ve been in the online trading market since 2005. There are over 150 online brokers in our list that offer the software, including top names such as Pepperstone, CMC Markets and Avatrade. It is free to download and use, you’ll just need to set up an account with your chosen broker and login with the credentials they provide upon sign up.

MT4 and MT5 are popular for a number of reasons, but there are two stand-out benefits that forex traders love:

  • Breadth Of Analytical Tools – MT4 has 30 built-in indicators, 24 analytical objects and 9 time-frame charts. It is designed for traders who love to do their research, making it the top choice for some of the most successful global forex traders. MT5, the most recent software release, goes even further, with 38 indicators, 44 analytical objects and 21 time-frames.
  • Customisability – But even better than its built-in tools, MetaTrader platforms are famous for their flexibility. There are 2000 free custom indicators, plus 700 that can be purchased from the Codebase.
Online brokers trading platform

Analytical Objects in MetaTrader 5

Proprietary Platforms

A proprietary platform is one that is owned and created by the broker. Sometimes, these can be lacking in the required functionality so online brokers may offer this option alongside MT4 for traders who need access to a variety of tools. However, some of the best online brokers in the UK use proprietary software, which tends to be much more user-friendly and intuitive. They’re ideal for traders that have a certain strategy in mind and require a platform tailored to this.

Top platforms for:

  • Social Trading – eToro is a social trading broker that offers its own platform. It’s perfect for those keen to share tips and tricks with their fellow traders. It has a Tipranks Research Tab that allows you to gain insights from the most successful on its books, including those from top institutions. Plus, you can also review other’s trades and choose to copy or ‘mirror’ them if you’re a fan of their strategy.
  • Mobile Trading – While MT4 and MT5 do have mobile apps, deep analysis is best completed on your desktop. If you’re looking to trade on the go, there are many proprietary apps from online brokers that specialise in making trading simple from a small screen. Trading 212 is perhaps the most popular for stocks, while XTB’s xStation Mobile is great for CFDs, with over 1,500 instruments as well as news and insight available at the touch of a button.
  • Asset Variety – For one of the largest selections of assets offered by online brokers in the UK, check out Plus500. It has over 2000 tradable instruments available on its in-house platform and boasts real-time quotes as well as round the clock customer support for all customers.
  • Professional Traders – Interactive Brokers is an online broker that is favoured by professional traders. It has an excellent proprietary platform and ECN links to top exchanges that are perfect for day trading. However, high minimum deposit thresholds price some small-time investors out of the market.
eToro's Copy Trade Function

eToro’s Copy Trade Function

Tools

There is a huge selection of tools out there to help you with your trade analysis, many of the best online brokers in the UK will offer these for free to clients.

News & Insights

Fundamental analysis is the study of economic factors that can influence an asset’s value. Macroeconomic factors, such as the Bank of England’s interest rate, the UK inflation rate and British public policy are all factors. Microeconomic factors include a company’s management, strategy, and P&L. These can all be gleaned by following business news closely. Many of the top online brokers in the UK offer blog posts, opinion insights and news articles as part of their service.

Education

Whether you’re a beginner looking to learn the ropes, or a veteran seeking out the latest strategy, most online forex and stock investors will benefit from access to education. How-to videos and tutorials from a broker are a fantastic way to learn new tips and tricks that may also be relevant to the trading platform you use. Online brokers in the UK that offer this type of resource are a definite advantage.

EAs & Bots

Automated trading is popular among those who prefer a hands-off approach to trading. Therefore, online brokers in the UK that offer access to trading robots (also known as Executive Assistants) are increasingly popular. There are some specialised brokers that offer bots created in-house, but those that provide access to MT4 and MT5 have a much broader selection, as the MetaTrader Codebase hosts thousands that are both free and available to purchase. Always remember to test your bot on a demo account before you trade with real money since there is no guarantee that EAs will be profitable.

Demo Account

A demo account allows you to trade with virtual currency before you take the plunge into the live trading environment. Most online brokers offer this service, which is vital for anyone new to the trading platform. You can use it to practice strategy or trial the features and functionality of the platform.

Fundamental Analysis with online brokers

Fees & Commission

Online/discount trading brokers have the cheapest fees of all services in the UK. But there’s a lot of variability depending on the asset traded. We’ve listed the most commonly found fees and what they mean below:

  • Spreads – Most online forex brokers charge a fee through ‘spreads’. Spreads are the difference between the buy and sell price of an asset. They’ll either be fixed or variable. Fixed spreads tend to be slightly higher but have the benefit of being constant. Variable spreads change with market volatility.
  • Commission – Stocks bought through an exchange are usually charged through commission. Often, this is a fixed amount per trade, e.g £8 or 0.2% of the value. Some online brokers will offer ‘commission-free stocks’, in this case, they usually charge a spread instead.
  • Account Fees – Some companies charge just for keeping your account open. While this is rare with online brokers in the UK, it’s one to look out for.
  • Rollover Fees – When trading CFDs, rollover fees apply if you keep positions open overnight. Day traders should have no issues, but those looking to invest long term should be aware.

Look out for hidden costs in online brokers offering their services for free. It’s more likely that the asset will be quoted marginally above market rate to cover their running costs. When using online brokers, cost comparison is key to profitability. Check out our online brokers table above for recommendations.

Leverage

The top 10 online brokers in the UK will all offer the opportunity to trade with leverage. Leverage allows you to maximise the results of a trade by multiplying by a chosen factor. For example, if you have a £100 deposit and you trade with leverage 1:5, you can open a position with a value of £500.

All FCA regulated brokers in the UK are limited to what leverage they can provide. They’re capped at between 1:30 and 1:5 depending on the volatility of the asset traded. Forex trading is usually between 1:20 and 1:30, whereas stocks are slightly lower, at around 1:10.

Unregulated online brokers in the UK sometimes offer higher leverage limits. However, we recommend you select a regulated firm as the limits are in place to protect retail traders from undue risk. Leverage amplifies losses as well as profits, so risk management is vital.

Operational Structure

Online brokers operate primarily with one of two trading models: dealing desk or non-dealing desk. A dealing desk broker, or ‘market maker’ creates liquidity on its order book by taking the other side of a trade. For example, if you’re looking to sell Google stocks, but there is no trader on its books willing to buy them, the broker will buy them instead. This ensures that orders are always filled, but it does mean that market makers are trading against you and other clients. If you lose money, they benefit, creating a conflict of interest.

A non-dealing desk broker (or ECN broker) connects to other institutions through an electronic network. This creates a larger order book, making it easier to find another investor willing to take the trade.

Both models are popular with online brokers, and neither is right or wrong. However, some traders prefer to limit the conflict of interest by selecting an ECN broker where possible.

Customer Support

If things don’t go as planned and you need help, an online broker with strong customer support is vital. Look out for a phone number or live chat service, these are key indications that they’ll be on hand when you need them. An email address or ‘contact us’ page is not sufficient. If you ever need it, there’s no doubt you’ll be wishing you’d selected a broker that puts this service as a high priority.

UK Regulation

In the UK, any firm offering financial services must be regulated by the Financial Conduct Authority (FCA). The FCA was created in 2013 with the aim of managing risk as a result of the 2008 financial crisis. It currently regulates around 51,000 businesses in the UK. FCA regulation is a good indication that the trading broker can be trusted.

The FCA places a number of requirements on online brokers in the UK, which encourages transparency with retail traders. You may not have realised, but the following policies are FCA mandated:

  • Risk Disclosure – Online brokers offering CFDs must disclose the percentage of retail traders that lose money with this instrument.
  • Negative Balance Protection – When margin trading, it is possible to lose more than your deposit amount since the results of a trade are multiplied. Negative balance protection aims to prevent this by issuing a margin call. All traders regulated by the FCA will provide this.
  • Limits On Leverage – As mentioned above, there are limits on how much leverage a broker can offer depending on the volatility of the instrument provided. This is capped at a maximum of 1:30. Online brokers offering higher leverage than this are unregulated and potentially scammers.
  • Ban On Excessively Volatile Instruments – In 2020, the FCA banned the sale of crypto-derivatives. Their volatile nature was deemed to cause excessive risk to retail traders. Similarly, following the European Securities and Markets Authority’s (ESMA) temporary ban in 2018, the FCA permanently restricted the sale of binary options in 2019.
  • Segregated Funds – If your brokerage fails, you’ll want to know that your trading funds are protected and will be returned to you. The FCA makes it mandatory for online brokers to keep customer funds in a separate account from those used by business operations. This means if their finances are lacking, they can’t use yours to top them up.
  • Bonuses – Traders looking for online trading brokers with the best welcome bonuses should be cautious. The FCA has banned all types of cash bonuses from UK-based online trading brokers, since they entice traders to deposit funds for all the wrong reasons. Sometimes they even have unfair terms and conditions attached to them, like those that restrict profit withdrawal.

Final Word On Online Brokers In The UK

Since online brokers in the UK must be regulated, many will have similar policies. This includes a broker’s leverage limits, provision of negative balance protection and even restricts their instrument list. However, there are a few factors that will vary between firms. Look for online brokers that provide you with an intuitive trading platform with all the functionality you need. Plus, assess their fee structure, educational tools and customer support before taking the plunge.

FAQs

What Are The Best Online Brokers For UK Expats?

Expats can still use online brokers that are registered in the UK as long as the company offers the service to their current jurisdiction. However, be aware that regulatory protections may not apply to your location. Therefore, the best online brokers in the UK can usually be used by expats too, but the tax obligations will vary.

Do Online Brokers In The UK Need To Be Regulated?

Yes. It is mandatory for companies providing financial services in the UK to be regulated by the FCA. Before Brexit, it was sufficient for a broker to be registered with an ESMA approved European authority. This made regulators such as CySEC (Cyprus Securities and Exchange Commission) a commonly referenced industry figurehead. However, since leaving the EU, this no longer applies and online brokers must be regulated by the FCA.

How Can I Find The Best Online Brokers In The UK?

We’ve compiled a list of the top ten online brokers in the UK with a review of each and every one. Check out our list and read the article to find the key factors to look for in a broker. This will help you choose the right service for you.

What Are The Best Online Trading Brokers For Beginners?

Beginners should ensure they select a broker that offers a trading platform that is intuitive and easy to use. Many of the charts, graphs and limit orders can be difficult to grasp initially. Before you try and grapple with this, start with the basics. Secondly, online brokers should always offer the opportunity to trial the platform through a demo or practice account. This is vital for newbies who are learning the ropes.

How Do You Start To Buy Stocks Through An Online Broker?

First and foremost, consider which broker offers you the stock you need for a sensible fee. Then, consider how you’ll be trading. For example, if you’re looking to buy stocks for long term investment, a platform isn’t required. However, if you want to make a profit from trading, you’ll need one that provides all the functionality you need. Once you’ve selected your top choice, sign up and follow the broker’s instructions to purchase.

Compare Online Brokers

In the list of UK Online Brokers above, a few key factors are displayed for each firm. But if you are looking for a much more detailed broker comparison we have dedicated pages for that. You can also compare a firm with other online brokers in the individual reviews. Below are some of the most popular comparisons.

Further Reading