We found 11 online brokers that are appropriate for Trading United Kingdom.

Best United Kingdom Brokers Guide

United Kingdom Financial Markets

This guide will help you find the best trading platform in the UK. The UK is also known as The United Kingdom. England and Great Britain particularly the capital London has been a world financial center for many centuries.

Restructuring and deregulation has transformed the financial sector during the last 3 decades with important changes in the London Stock Exchange, insurance, banking, shipping, and commodity markets.

The United Kingdom also known as the UK or Great Britain has a number of established reputable financial markets.

The main United Kingdom securities markets include the London Stock Exchange which deals in officially listed stocks and shares,government issues, traded options, stock index options, currency options, foreign exchange, futures, metals, gold, silver, agricultural and other commodities.

UK Brokers

The United Kingdom is ranked among one of the top five economies in the world and this attracts global investors to trade stocks, CFDs, Forex, commodities and cryptocurrency. We have written an extensive guide here that will help you find a reputable UK broker.

When Looking for a good and reliable broker in the United Kingdom its not easy. It can be very confusing. Here we explain what your trading options are in the UK and what UK brokers can and cant offer you.

Stock Trading

The United Kingdom historically has been a huge influence on stock markets all across the world. Dating as far back as 1571 the London Stock Exchange is one of the most important financial exchanges in the world. The United Kingdom has been a financial powerhouse for over 450 years!

Trading stocks and shares in the UK and England is highly regulated and considered very safe. But be aware any investment can go down as well as up.

Live Forex Trading

Forex is the biggest liquid financial market in the world with a daily turnover of more than $5 trillion (BIS data April 2016). It is a currency exchange of two different nations and thereafter managing the result position in which one currency gains and the other loses.

Live CFD Trading

CFD or contract for difference is derivatives having a value determined by as asset traded. The formats of such assets include stocks, commodities and currencies.

Spread Betting

It is derivative market speculation and you are not required to own the asset. Just a bet is done whether the price will increase or decrease. Usually, the UK brokers will show the prices and you have to spread bet on it.

Demo Trading If you are a beginner, it is recommended to start with a demo trading that is funded with virtual money. It will simply improve your trading skills.

Why trade in the UK?

Internationally UK is considered as one of the worlds largest financial centers. In the United Kingdom brokers are highly regulated, professional and supportive. However, below are some of the important things a trader should know:

Financial markets in the United Kingdom are very mature and are seen are being trustworthy due to regulation and compliance by the The Financial Conduct Authority, UK Financial Services Authority, The Prudential Regulation Authority and Financial Services Compensation Fund.

The platforms used by brokers in the UK are well tested and are highly rated.

Trading Platforms in the United Kingdom Make sure the broker you decided to trade with has all of the below.

Easy to use platform

Availability of risk management tool

Good or instant execution speed

Better quality of charts

Capability of social trading

Timely online help or support

Challenges of trading in the UK

Even a little change in US economic markets may affect the UK markets as the UK and USA have huge trading partnerships and our economies are closely linked.

Similarly, the EU too impacts the UK markets significantly as it is a multi-nation trading block.

Since the Brexit negotiations in 2016, the effect on British market has not always been positive.

Verdict

Even though there are challenges in the UK markets, the overall financial scenario is very favorable for traders and UK brokers have a long history of being very supportive and fair when dealing with clients.

However, when trading with a UK broker we recommend checking that the broker is a LTD company and is FCA regulated, offering an industry-standard trading platform and any deposits are done through secured channels.

We've collected thousands of datapoints and written a guide to help you find the best Best Trading Platforms in the UK (United Kingdom) for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best united kingdom brokers below. You can go straight to the broker list here.

Trading in United Kingdom

When trading in United Kingdom you will need to know what your options with your United Kingdom trading broker are.

We list below the trading account types available in United Kingdom. If you are looking for brokers in United Kingdom that are suitable for trading in the Forex, CFD's, Indices and ETFs, Cryptocurrencies or commodity markets; this United Kingdom broker guide will explain the things you should check and be aware of before you invest.

Forex Trading in United Kingdom

Forex trading is growing in popularity in United Kingdom. The volume of Forex traded in United Kingdom has increased year on year over the last five years.

Across the world $5.1 trillion USD in volume is traded every single day. This is a huge amount in comparison with other financial market sectors.

Advances in online technology, higher internet coverage in United Kingdom and increased competition among brokerages have made Forex trading more accessible and reduced the costs of trading generally.

Is Forex Trading Legal in United Kingdom?

Their is a misconception that trading Forex on the financial market in United Kingdom is considered unsafe. This is not the case, Forex trading in United Kingdom is very active.

Trading in Forex is allowed in United Kingdom as to conduct business currency must be exchanged. Forex is an integral part of import and export and investing internationally. The important thing is that when trading Forex you pick a safe and reputable broker that is regulated. United Kingdom Forex trading is not banned, their are many international online brokers offering favourable trading conditions.

Do Forex Traders Pay Tax in United Kingdom?

Once a traders profits reach a level where the income on the Forex trading can be taxed in United Kingdom the trader should make sure all taxes owed for a financial year are paid. United Kingdom taxes should be filed even if there were losses on the year. If Trading losses cannot be claimed against personal income taxes. A trader should file them with the proper government agency in United Kingdom. You should seek advice with a United Kingdom tax professional to ensure they are abiding by all proper tax laws in United Kingdom. In United Kingdom Islamic accounts do not have additional restrictions on trades.

Cryptocurrencies in United Kingdom

Cryptocurrency markets in United Kingdom are relatively new. Because Cryptocurrency works on decentralised assets in United Kingdom things like interest rate changes and political instability do not affect cryptocurrencies as much as the currency markets in United Kingdom for example.

Due to a large young population in United Kingdom with growing income levels and wide spread adaptation of online technology cryptocurrency trading volume is increasing greatly in United Kingdom. $6 billion USD worth of Bitcoin is traded daily around the world.

Commodity Trading in United Kingdom

In United Kingdom commodity trading includes the trade in precious metals, energies and agricultural commodities.

Some commodities like metals are seeing exponential growth in United Kingdom since 2002.

Fast growing countries like China and India have been growing rapidly over the last 3 decades. This has meant that countries like China and India have a vast requirement for many basic commodities and raw materials for their populations. Crops to feed people and metal to build infrastructure for example. This means countries like United Kingdom are able to take advantage of this demand.

We list brokers that allow you to trade commodities in United Kingdom here.

Islamic Accounts in United Kingdom

United Kingdom brokers support Islamic accounts or swap-free accounts. United Kingdom Islamic accounts have no rollover interest on overnight positions to comply the Muslim faith. Traders of Islamic faith are forbidden to pay interest. Brokers in United Kingdom offer accounts that are suitable for Islamic traders. These United Kingdom brokers complies with Sharia law.

Benefits of Trading in United Kingdom

United Kingdom economy and population is growing. The middle class population in United Kingdom is increasing which means a growing consumer base. Many business and financial opportunities exist in United Kingdom. United Kingdom has a young population educated in technology and the internet.

Concerns of Trading in United Kingdom

United Kingdom digitisation of financial trading has made it easier to defraud unsuspecting investors across the internet. Make sure the broker you trade with is regulated and passes the checklist in this United Kingdom guide. Educate yourself as much as possible open a demo account if necessary be you open a live trading account.

Learn about leverage when trading. United Kingdom Brokers offering high leverage trades in United Kingdom can mean high profit margins. But this goes both was it can also mean huge losses. There are things like negative balance protection and stop loss accounts which some United Kingdom brokers offer as a level of protection. you can learn more about further below on this guide.

Reputable United Kingdom Brokers Checklist

There are a number of important factors to consider when picking an online United Kingdom trading brokerage.

Check your United Kingdom broker has a history of at least 2 years .

. Check your United Kingdom broker has a reasonable sized customer support of at least 15 .

. Does the United Kingdom broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.

from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes. Check your United Kingdom broker has the ability to get deposits and withdrawals processed within 2 to 3 days . This is important when withdrawing funds.

. This is important when withdrawing funds. Does your United Kingdom broker have an international presence in multiple countries . This includes local seminar presentations and training.

. This includes local seminar presentations and training. Make sure your United Kingdom can hire people from various locations in the world who can better communicate in your local language.

It is not essential that your brokerage is local but they must have regulation from a Tier 1 reputable country. In fact the brokers international regulation could be more reputable than your local region.

When deciding to trade and find a suitable United Kingdom broker if you wish your broker to be 100% local check they are governed and regulated by the below.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering United Kingdom Brokers.

We compare these features to make it easier for you to make a more informed choice.

Minimum deposit to open an account.

Available funding methods for the below United Kingdom Brokers.

What you are able to trade with each brokerage.

Trading Platforms offered by these brokers.

Spread type (if applicable) for each brokerage.

Customer support levels offered.

We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.

Top 15 United Kingdom Brokers of 2020 compared

Here are the top United Kingdom Brokers (GB).

Compare United Kingdom Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are united kingdom brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more united kingdom brokers that accept united kingdom clients

All United kingdom brokers in more detail

You can compare United Kingdom Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top United Kingdom Brokers for 2020 article further below. You can see it now by clicking here

We have listed top United kingdom brokers below.