Best Trading Platforms in the UK 2025

In a nutshell, the best trading platforms in the UK are eToro, renowned for its social trading network and wide range of assets; XTB, celebrated for its competitive fees and powerful trading platforms; and IG, well-regarded for its comprehensive market offerings and advanced tools for professional traders.

In 2025, more than half of UK adults (52%) have invested and traded, increasing from 42% in 2023 [1]. That’s 29 million Brits actively investing in stocks, shares, and other assets. 

However, to invest, you must first choose the best trading platform — and this can be daunting given the number of options available for UK traders. 

But finding the right platform doesn’t have to be difficult. 

After personally testing and ranking the top trading platforms in the UK, I’ve identified the best options to suit your needs — whether you prioritise security, ease of use, or diverse trading opportunities.

My top choice? eToro with its brilliant social trading features and user experience. I also value XTB highly for low fees and IG for advanced offerings. 

Let’s find your perfect fit!

This article was reviewed by Tobi Opeyemi Amure, a trading expert and writer at Investopedia, Investing.com, and Trading.biz.

Best Overall and for Beginners	Best for commodities	Best for advanced traders
eToro - Best Overall and for Beginners	XTB - Best for commodities	IG - Best for advanced traders
4.6	4.5	4.4
30 million users globally trust eToro for their social trading needs, benefiting from a vast array of stocks, ETFs, forex, commodities, and cryptocurrencies.	A reliable trading platform offering a wide range of markets, advanced tools, and educational resources to empower traders of all skill levels.	Award-winning trading platform offering extensive market access and advanced tools for both beginner and experienced traders.
User-friendly platform for beginners Copy the moves of professional traders Social trading & educational features	User-friendly platforms with intuitive design Wide range of instruments, including forex, stocks, and CFDs Comprehensive educational tools and webinars	User-friendly platform with advanced trading tools Comprehensive educational resources and demo account Wide range of markets
Visit eToro	Visit XTB	Visit IG
61% of retail CFD accounts lose money.	73% of retail investor accounts lose money when trading CFDs with this provider.	69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Best Overall and for Beginners

eToro - Best Overall and for Beginners

4.6

30 million users globally trust eToro for their social trading needs, benefiting from a vast array of stocks, ETFs, forex, commodities, and cryptocurrencies.

• User-friendly platform for beginners
• Copy the moves of professional traders
• Social trading & educational features

Visit eToro

61% of retail CFD accounts lose money.

Best for commodities

XTB - Best for commodities

4.5

A reliable trading platform offering a wide range of markets, advanced tools, and educational resources to empower traders of all skill levels.

• User-friendly platforms with intuitive design
• Wide range of instruments, including forex, stocks, and CFDs
• Comprehensive educational tools and webinars

Visit XTB

73% of retail investor accounts lose money when trading CFDs with this provider.

Best for advanced traders

IG - Best for advanced traders

4.4

Award-winning trading platform offering extensive market access and advanced tools for both beginner and experienced traders.

• User-friendly platform with advanced trading tools
• Comprehensive educational resources and demo account
• Wide range of markets

Visit IG

69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

📈 13 Best Online Platforms for Trading Ranked [TL;DR]

Here is a quick list of the best trading platforms to use in the UK based on my hands-on analysis:

1. eToro – Best overall and for beginners
2. XTB – Best for commodities
3. IG – Best for advanced traders
4. Plus500 – One of the best for experienced CFD traders
5. Spreadex – Best for tight spreads
6. Trade Nation – Best for low-cost fixed spreads
7. interactive investor – Best for global trading opportunities
8. AvaTrade – Best for forex trading
9. AJ Bell – Best for ease of use
10. ActivTrades – One of the cheapest platforms
11. Pepperstone – Best MetaTrader platform in the UK
12. HYCM – Best for low forex & CFD trading fees
13. Hargreaves Lansdown – Best for access to financial advisors

Your capital is at risk.

Best Trading Platforms Compared

Here, I’ve compared the trading platforms based on five key factors you must consider and compare — minimum deposit, S&P CFD spread (average), commission, platform fee, and types of assets available:

Top 13 Online Trading Platforms in the UK: A Deep Dive

Having worked in the retail investment sector in London over the last four years, I had the opportunity to experience the UK’s “investment boom” first-hand.

Additionally, in my role working for one of the UK’s leading financial companies — “a trustworthy and respected provider of news, education and market analysis for the everyday investor” — I was able to work with and test some of the biggest trading platforms on the market.

Using my experience in this field, I’ve compiled a list of the best trading platforms in the UK based on five key criteria:

1. Minimum deposit
2. S&P 500 CFD spread (average)
3. Commission
4. Platform fee
5. Types of assets

I also considered factors like usability, available trading platforms, research tools, educational materials, and additional features. 

On top of that, I made sure all the trading platforms I’ve reviewed below are regulated by the UK’s financial watchdog, the Financial Conduct Authority (FCA) or similar.

You can read about how we test platforms here.

1. eToro – Best overall and for beginners

Best overall

eToro - Best trading platform for beginners

4.6

eToro’s user-friendly platform and social trading features make it ideal for new traders.

Pros:

• Commission-Free Trading
• CopyTrader Feature
• Wide Range of Assets
• Demo Account

Visit eToro

61% of retail CFD accounts lose money.

Platform Overview

eToro ranks as the best overall on my list of top trading platforms, especially recommended for beginners.

Its user-friendly platform and innovative social trading features make it easy for new traders to get started. Additionally, eToro’s wide range of assets and low-cost stock trading options further strengthen its appeal to both beginners and intermediate traders.

Key Features, Tools & Platforms

☑️ Intuitive Design: eToro’s platform features a clean, user-friendly interface that’s easy to navigate on both desktop and mobile. 

☑️ CopyTrader: eToro’s standout feature. This innovative tool allows you to automatically replicate the trades of successful investors, offering a practical way to follow proven strategies. You can also use it to interact with and observe successful traders for extra insights. 

☑️ Demo Account: eToro offers a virtual trading account where users can practice without risking real money. This feature is perfect for testing strategies or exploring the platform’s tools.

☑️ Wide Asset Range: eToro’s choice of asset classes is very impressive. It includes stocks, forex, CFDs, ETFs, and cryptocurrencies, offering multiple ways to build and expand your portfolio. 

☑️ Smart Portfolios: These are over 40 pre-constructed investment portfolios designed for long-term growth, providing diversified options with no management fees for added value.

What I Like about eToro

eToro’s greatest strength lies in its beginner-friendly approach. The combination of social trading, the CopyTrader feature, and a wide range of available assets makes it easy for new traders to find their footing. 

The ability to trade real stocks commission-free and access Smart Portfolios without management fees adds further value.

Potential Drawbacks

While eToro offers an impressive array of benefits, it’s essential to consider the downsides. For instance, certain tax wrappers are not provided. However, you can now utilise a Stocks and Shares ISA powered by Moneyfarm [2].

Trading forex on the platform can have high fees, and users should be mindful of conversion, inactivity, and withdrawal fees associated with eToro.

Key Rating Criteria

Read my complete eToro review.

{etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Other fees apply. Your capital is at risk. For more information, click here.

2. XTB – Best for Commodities

Best for Commodities

XTB - Best for Commodities

4.5

XTB offers tight spreads across major currency pairs, helping traders maximise profits even during market volatility.

Pros:

• Access over 5,800+ trading instruments
• Advanced trading tools available
• Comprehensive educational tools and webinars
• Offers tax-efficient investment options for UK traders

Visit XTB

76% of retail investor accounts lose money when trading CFDs with this provider.

Platform Overview

XTB stands out for its highly competitive forex spreads tailored to different currency pairs and account types. During my experience with the platform, I found that even small market movements could be capitalised on effectively, especially during high-volatility sessions.

XTB’s extensive portfolio includes over 5,800 instruments, giving traders a wide range of options. I was impressed by the platform’s fast execution times and detailed charts, which helped me make informed decisions when trading indices.

Key Features, Tools & Platforms

☑️ Competitive Spreads: XTB offers tight spreads on major pairs like EUR/USD, enhancing profitability for active traders.

☑️ xStation5 Platform: This proprietary platform includes advanced charting tools and real-time data, available on both desktop and mobile.

☑️ Educational Support: The trading platform’s educational materials and round-the-clock customer support make it a superb choice for novices. When I started using XTB, I found their educational materials invaluable. 

☑️ Wide Range of Assets: With over 5,800 trading instruments, including CFDs and currency pairs, there’s no shortage of options.

☑️ ISA Accounts: XTB offers ISA accounts for UK traders seeking tax-efficient investment options.

☑️ Dealing Account: Among the available offerings is the Dealing account, which boasts a minimum balance requirement of £0.

What I Like about XTB

XTB’s greatest strength lies in its combination of tight spreads and comprehensive asset selection. The educational materials and quick customer support make it a strong choice for new traders, while the advanced tools on xStation5 cater to experienced investors.

Potential Drawbacks

There are two things that you should consider before choosing this trading platform. 

One is that fees vary based on the asset and account type, which can add complexity for some traders. And two, while XTB offers a broad selection of assets, forex fees can still be relatively high compared to other platforms.

Key rating criteria:

73% of retail investor accounts lose money when trading CFDs with this provider.

3. IG – Best for Advanced Traders

Best for Advanced Traders

IG - Best for Advanced Traders

4.4

Trade across 17,000+ markets, including stocks, forex, commodities, and indices.

Pros:

• Advanced Trading Tools
• Competitive Spreads
• Extensive Education
• Secure & Regulated

Visit IG

70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Platform Overview

IG ranks highly on my list of top trading platforms — I recommend it especially for more experienced traders. IG offers a comprehensive range of trading instruments, including over 17,000 markets, making it a top choice for traders seeking diverse investment opportunities.

This is significantly more than platforms like eToro and Plus500, which offer a more limited selection of assets.

The trading platform provides advanced charting tools and a variety of platforms, including its proprietary platform, MetaTrader 4 (MT4), and ProRealTime.

Unlike eToro, which focuses on social trading features, IG caters to traders who prefer in-depth technical analysis and sophisticated trading tools.

Key Features, Tools & Platforms

☑️ Wide Market Access: IG provides access to more than 17,000 markets, including stocks, forex, indices, commodities, and more — far exceeding most competitors.

☑️ Advanced Trading Platforms: Use IG’s proprietary platform or integrate with MT4 and ProRealTime for advanced charting and algorithmic trading.

☑️ Competitive Spreads: IG offers tight spreads and low commissions on CFDs and spread betting, making it a cost-effective option for active traders.

☑️ Educational Support: One of IG’s standout features is its educational resources. The IG Academy offers webinars, seminars, and a rich library of articles to help traders enhance their skills. 

☑️ Demo Account: IG provides a demo account, allowing you to practice trading in a risk-free environment before committing real capital.

What I Like about IG

IG platform’s key advantage lies in its comprehensive market access and sophisticated tools. The range of platforms and educational resources gives traders the flexibility to develop and execute complex strategies. The competitive spreads and strong regulatory framework add to the platform’s credibility.

Potential Downsides

While IG offers an impressive array of benefits, it’s essential to consider the downsides. Due to its extensive features, the platform may seem complex for beginners.

In contrast, platforms like eToro are more user-friendly and may be better suited for those new to trading.

Key rating criteria:

Read my complete IG review.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

4. Plus500 – One of the Best for Experienced CFD Traders

Best for CFD Traders

Plus500 - Best for Experienced CFD Traders

4.6

Specialises in trading CFDs, offering high-risk but high-potential trades.

Pros:

• Provides real-time market data and sentiment analysis
• Customised search functions and alerts
• Fast and responsive live chat support

Visit Plus500

80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Platform Overview

I would recommend Plus500 for more experienced traders who want to trade CFDs — a trading vehicle characterised by high-risk yet high-potential upsides.

Its advanced search and alert features enhance the trading experience. I found its ‘Insights’ tool useful for analysing trades in real-time as it provides valuable insights into the market. 

Additionally, with over 10,000 positive Trustpilot reviews and FCA regulations, Plus500 offers a secure and reliable platform.

Key Features, Tools & Platforms

☑️ CFD Trading: Plus500 specialises in CFDs, offering access to a diverse range of instruments, including stocks, forex, indices, and commodities.

☑️ Insights Tool: Plus500’s standout tool analyses trades in real-time and evaluates market sentiment, helping traders spot trends and identify profitable opportunities more effectively.

☑️ Advanced Search & Alerts: Personalised search filters and alerts keep you updated on market movements, helping you react quickly to changes.

☑️ Live Chat Support: I found Plus500’s customer support mighty fast and responsive. It’s available 24/7 through live chat for quick issue resolution.

☑️ FCA Regulation: The platform is fully licensed and regulated by the Financial Conduct Authority (FCA), ensuring a secure and compliant trading environment.

What I Like About Plus500

Plus500 excels in providing tools that enhance decision-making for experienced traders. The Insights tool, competitive alerts, and detailed search options make it easier to identify and act on profitable trades. Its fast and responsive customer support also stands out.

Potential Drawbacks

On the other hand, Plus500 offers a relatively restricted range of educational materials. It also charges a fee for inactivity if your account remains inactive.

Key rating criteria:

Read my complete Plus500 review.

80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

5. Spreadex – Best for Tight Spreads

Best for Tight Spreads

Spreadex - Best for Tight Spreads

4.5

Recognised for excellent customer service and a seamless mobile trading experience.

Pros:

• Competitive Fees
• Strong Regulatory Oversight
• User-Friendly Interface
• Established Reputation

Visit Spreadex

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Platform Overview

Spreadex, an award-winning UK trading platform, is highly acclaimed for its exemplary customer service and efficient mobile app, making it a standout choice in the CFD trading domain.

Established in 1999, it has earned a commendable 4.5-star rating in my review, reflecting its robust performance and user satisfaction. The platform excels in offering a diverse range of CFDs and forex pairs, supported by advanced charting tools and a user-friendly trading interface.

A major advantage of Spreadex is its transparent and competitive fee structure, which includes no non-trading fees, making it a cost-effective option for traders.

Key Features, Tools & Platforms

☑️ Award-Winning Platform: Spreadex has been recognised for its outstanding customer support and mobile app, which delivers a seamless trading experience on both iOS and Android. The platform’s responsive design ensures quick trade execution and easy navigation.

☑️ Competitive Fees: Spreadex offers tight spreads and a transparent fee structure with no hidden costs or non-trading fees. This makes it a cost-effective choice for active traders looking to minimise expenses.

☑️ Strong Regulation: The platform’s commitment to safety is evident through its regulation by the Financial Conduct Authority (FCA), ensuring a secure trading environment for its users.

☑️ Fast Onboarding: The onboarding process with Spreadex is straightforward and user-friendly, highlighted by quick verification and a range of account types to suit different trading needs.

☑️ Established Reputation: Spreadex has a strong track record of over 20 years, showcasing its financial stability and reliability in the trading sector.

What I Like about Spreadex

What makes Spreadex stand out is its combination of competitive fees and excellent customer support available 24/7 to assist with any inquiries.

Moreover, the fast verification process and user-friendly interface make it easy for traders to get started. Its long-standing industry presence and FCA regulation further reinforce its reliability.

Potential Downsides

Despite numerous benefits, the platform has some limitations, including a restricted range of markets mainly focused on forex and CFDs, and a lack of comprehensive educational resources and research tools. While these aspects might deter some traders, they are offset by the platform’s other strengths.

Spreadex also doesn’t offer a demo account, which makes it a bit less accessible for beginners who may not want to risk their capital too soon. 

Key rating criteria:

Read my full Spreadex review here.

64% of retail investors lose money when trading spread bets and CFDs with this provider.

6. Trade Nation – Best for Low-Cost Fixed Spreads

Best for Low-Cost Fixed Spreads

Trade Nation - Best-priced fixed spreads

4.5

Access some of the lowest-cost fixed-spreads around, on the markets you most want to trade.

Pros:

• Strong Regulation
• Easy Account Opening
• Comprehensive Learning Tools
• User-Friendly Platform

Visit Trade Nation

75% of retail investor accounts lose money when trading CFDs with this provider.

Platform Overview

Trade Nation emerges as a commendable trading platform in the UK, recognised for its robust regulatory framework under top-tier authorities such as the FCA in the UK and ASIC in Australia.

Launched in 2014, it has swiftly gained traction among traders, drawing attention with its fully digital, zero minimum deposit account opening process and the promise of free deposit and withdrawal options.

The platform is praised for its comprehensive suite of research and educational tools, alongside exemplary customer support, making it a solid choice for CFD and forex traders.

Key Features, Tools & Platforms

☑️ Low-Cost Fixed Spreads: Trade Nation’s fixed spread model ensures cost consistency, helping traders manage expenses more effectively. This, in turn, reduces uncertainty and makes it easier to calculate costs upfront.

☑️ Easy Account Opening: The platform’s fully digital process allows you to open an account with no minimum deposit. Deposits and withdrawals are also free, making it a low-barrier option for new traders.

☑️ Comprehensive Learning Tools: Trade Nation offers a suite of research and educational tools, including trading signals, market analysis, and strategy guides. This makes it easier for traders to build knowledge and improve decision-making.

☑️ User-Friendly Platform: Trade Nation is particularly lauded for its mobile and web trading platforms, designed for ease of use and recognised for their user-friendly interface and innovative features like the Smart News feed and trading signals powered by Acuity.

What I Like about Trade Nation

Trade Nation’s low-cost, fixed-spread model, combined with an easy account setup and free withdrawals, makes it an attractive option for both beginners and experienced traders. 

I’m also really impressed by the variety of educational resources available. Smart News feed is particularly useful, helping traders stay informed and improve their strategies.

Potential Drawbacks

Despite its many advantages, Trade Nation faces criticism for its limited product portfolio and the absence of live chat support, relying instead on a chatbot service.

Also, despite the platform being regulated by FCA and ASIC, the desktop trading platform is noted for lacking enhanced security measures, such as a two-step login process. Moreover, while it offers competitive fees for stock and index CFDs, its forex fees are on the higher side compared to its competitors.

Also, despite its user-friendliness, seasoned traders might find the platform’s offerings somewhat lacking in advanced features.

Key rating criteria:

Read my full Trade Nation review.

75% of retail investor accounts lose money when trading CFDs with this provider.

7.  interactive investor – Best for Global Trading Opportunities

Best for Global Trading

interactive investor - Best for Global Trading Opportunities

4.3

Trade shares, ETFs, funds, and investment trusts from major global exchanges.

Pros:

• Multiple Account Types
• Flexible Pricing
• User-Friendly Interface
• Advanced Alerts

Visit interactive investor

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Platform Overview

The stock trading platform from interactive investor is perfect for DIY traders with a bit of experience.

Interactive investor distinguishes itself with an unparalleled assortment of global trading opportunities.

The online trading platform provides an incredible range of shares, funds, EFTs, and investment trusts from well-established exchanges globally. 

With such an extensive range, traders are empowered to explore a multitude of options and strategies. 

Key Features, Tools & Platforms

☑️ Global Market Access: Interactive Investor provides a wide range of global trading opportunities, allowing users to trade shares, ETFs, investment trusts, and funds from major international exchanges. This makes it easier for traders to diversify their portfolios.

☑️ Comprehensive Investment Choices: Besides stocks and ETFs, you can trade commodities, bonds, venture capital trusts, CFDs, and spread betting — making it one of the most versatile platforms available.

☑️ Flexible Pricing Model: The platform charges a £4.99 monthly account fee, which includes one free trade per month. After that, each trade costs £5.99, which is competitive for regular traders.

☑️ Multiple Account Options: Interactive Investor offers a variety of accounts, including SIPP, Stocks and Shares ISA, Junior ISA, and Company Accounts, giving traders flexibility in managing their investments.

☑️ User-Friendly Interface: The interface of the trading platform is exceptional and carefully crafted to provide seamless access across various devices, including web, mobile, and tablets. 

☑️ Advanced Trade Alerts: You can easily set up notifications and alerts across all devices. This keeps you updated on the market in real time. I also found the search feature to be simple to use, which enhanced the overall experience. 

What I Like about interactive investor

Interactive Investor’s strength lies in its broad market access and flexible pricing. 

The ability to trade across various markets, combined with real-time alerts and a user-friendly interface, makes it highly appealing for experienced traders. 

The range of account options offers various trading platforms for different trading styles, while the flexible pricing benefits those with larger portfolios. I’m also a massive fan of the platform’s interface. It works brilliantly on all devices, offering a seamless trading experience on both desktop and mobile. 

Potential Downsides

While I wouldn’t call them deal breakers, interactive investor comes with several potential drawbacks to consider. One is the £4.99 monthly fee which might deter casual traders.

I also found charting tools relatively basic compared to competitors. The same goes for supposed ‘advanced’ trading creatures that are somewhat limited for seasoned traders.

Key rating criteria:

8. AvaTrade – Best for Forex Trading

Best for Forex Trading

AvaTrade - Best for Forex Trading

4.5

Offers a wide range of forex pairs alongside CFDs, commodities, and indices.

Pros:

• Supports MetaTrader 4, MetaTrader 5, and proprietary trading platforms
• Incorporated in Ireland and regulated by the Central Bank of Ireland (Ref No.: C53877)
• Provides detailed market insights for informed decision-making

Visit AvaTrade

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Platform Overview

AvaTrade is one of the best platforms for forex and CFD trading. However, what I really like about it is that it offers an impressive selection of educational resources for all experience levels.

It provides access to a wide range of trading instruments, including stocks, commodities, indices, and forex pairs. 

The platform also offers multiple account types and is regulated by the Central Bank of Ireland, ensuring a secure trading environment.

Key Features, Tools & Platforms

☑️ Forex and CFD Specialisation: AvaTrade offers a broad selection of forex pairs and CFDs, giving traders ample opportunities to diversify their portfolios and capitalise on market movements.

☑️ Multiple Platform Options: Traders can use MetaTrader 4, MetaTrader 5, and AvaTrade’s proprietary platforms. These platforms provide advanced charting tools, automated trading, and real-time market data.

☑️ Global Regulation: It is important to note AVA Trade EU Ltd is incorporated in Ireland and is regulated by the Central Bank of Ireland (Reference No.: C53877), not the FCA.

☑️ Flexible Accounts: AvaTrade offers various account types, including a General Investment Account and an Islamic Account. It is worth mentioning that a quarterly inactivity fee of $50 applies, and the minimum balance required is £100.

☑️ Detailed Market Insights: AvaTrade provides advanced market analysis and insights, helping traders make more informed decisions. Its educational content is also suitable for traders at all experience levels.

What I Like about AvaTrade

AvaTrade’s platform diversity and strong forex focus give traders plenty of flexibility. The range of supported platforms and the availability of market insights also create a powerful environment for experienced traders.

What impresses me most about AvaTrade, though, is the support it provides through its educational resources. It’s one of the best in business when it comes to creating an accessible and user-friendly trading environment. 

Potential Drawbacks

AvaTrade isn’t regulated by the FCA, which may concern some UK-based traders. Naturally, its regulation under the Central Bank of Ireland adds credibility and security, but I get why some UK traders may feel uneasy. 

Another thing you need to take into account is the $50 quarterly account inactivity fee, which could add up over time. Also, a £100 minimum balance is required to open an account.

Key rating criteria:

Read my full AvaTrade review. 

9. AJ Bell – Best for Ease of Use

Best for Ease of Use

AJ Bell - Best for Ease of Use

4.4

Clean and organised interface for quick and easy navigation.

Pros:

• Range of Account Types
• Strong Customer Support
• Mobile & Web Access
• Competitive Pricing

Visit AJ Bell

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Platform Overview

AJ Bell has transformed the trading platform landscape with its exceptional commitment to user experience. I remember setting up my first AJ Bell account and being pleasantly surprised at how smoothly the process went. 

Everything was laid out neatly, making it incredibly straightforward for me as a new investor.

The company also offers an impressive range of account types that suit various trading preferences. It’s no wonder AJ Bell has received numerous accolades

Key Features, Tools & Platforms

☑️ User-Friendly Design: Their platform features a clean and well-organised interface, ensuring quick and effortless navigation. 

☑️ Range of Account Types: AJ Bell offers various account options, including SIPPs, Stocks and Shares ISAs, Junior ISAs, and general investment accounts. I found it particularly convenient for managing my portfolio with minimal hands-on involvement, and I wasn’t too bothered about placing frequent trades—so it was a perfect fit.

☑️ Strong Customer Support: AJ Bell’s customer service team responded promptly to my queries, making me feel well-supported throughout my early trading days.

☑️ Mobile and Web Access: AJ Bell’s trading platform is easily accessible on mobile and web interfaces. In my case, I often switch between my phone and laptop when monitoring my investments, and the seamless experience—complete with a user-friendly search function and two-step logins—really sets it apart.

☑️ Competitive Pricing: AJ Bell charges £9.95 per trade, but frequent traders benefit from a discounted fee of £4.95. The annual platform fee of 0.25% is competitive for investors with modest portfolios.

What I Like about AJ Bell

AJ Bell is probably the most user-friendly trading platform in the UK. Both desktop and mobile apps are top-notch — I genuinely enjoyed testing them. 

In addition, its range of account options makes it an ideal choice for traders who prefer a straightforward, hands-off approach to portfolio management.

Potential Drawbacks

On the downside, there aren’t any price alerts, and the order types might feel a bit basic if you’re after more advanced trading tools. For me, that hasn’t been a huge issue, but more active or experienced traders might find it limiting. The selection of trading options is limited, too. 

Also, while the pricing structure works well for those with modest portfolios or limited investing experience, frequent traders may find the share dealing fee a significant drawback.

• Bonds, annual custody, EFT, and platform fee: 0.25%
• Share dealing per trade: £9.95
• Phone fee: £29.95
• Frequent trader cost: £4.95

From my perspective, these fees are manageable for occasional trades, but I can see how they’d add up for more active traders.

Key rating criteria:

10. ActivTrades – One of the Cheapest Trading Platforms in the UK

One of the Cheapest Platforms

ActivTrades - One of the Cheapest Trading Platforms in the UK

4.3

Competitive commissions and narrow spreads for cost-effective trading.

Pros:

• Strong Educational Support
• Flexible Account Options
• No Minimum Balance

Visit ActivTrades

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Platform Overview

ActivTrades is a brokerage firm renowned for its affordable trading fees and narrow spreads. It also stands out for its strong commitment to helping new and unsure users start online trading.

For instance, they offer custom training sessions to help users understand the platform’s features and maximise their ‘Personal Area.’

On top of that, traders have access to a broad range of account types, including demo and Islamic accounts, as well as SmartTools to enhance market analysis and trading efficiency.

Key Features, Tools & Platforms

☑️ Low Trading Fees: ActivTrades offers some of the lowest spreads and commissions in the industry. Fees vary depending on the financial contract, but overall, the platform remains highly competitive for cost-conscious traders.

☑️ Personal Training Sessions: ActivTrades sets itself apart by offering custom training sessions to help traders understand platform features and improve their trading strategies. These sessions go beyond just providing guidance; they offer extensive support in harnessing the power of the platform’s SmartTools and research tools.

☑️ Educational Resources: ActivTrades offers an extensive array of educational resources, including seminars, webinars, instructional videos, manuals, a demo account, and an extensive FAQ section.

☑️ Flexible Account Options: The available products include options for demo accounts, institutional accounts, individual accounts, and even Islamic accounts, catering to a wide range of user preferences.

☑️ SmartTools: ActivTrades’ SmartTools provide real-time market insights, advanced charting options, and automated trading features to improve decision-making.

What I Like about ActivTrades

Again, what sets ActivTrades apart is its favourable fee structure and narrow spreads. I also love the fact they provide so many educational resources.

Those really empower users with the knowledge and skills necessary to navigate the trading landscape effectively. If you’re looking for a platform that will help you get started with trading, ActivTrades is probably the best one for that. 

Potential Downsides

It is worth mentioning that certain commissions may vary based on the financial contracts utilised, and the fee structure itself is subject to variability. This can lead to some unpredictability.

The platform also lacks a comprehensive range of advanced trading tools compared to some competitors. 

Key rating criteria:

11. Pepperstone – Best MetaTrader Platform in the UK

Best for utilising MT4/MT5

Pepperstone - Best MetaTrader Platform in the UK

4.6

Renowned for its competitive spreads, advanced trading technology, and robust educational support, designed to cater to traders of varying expertise.

Pros:

• Tight Spreads
• No Inactivity Fees
• Commission-Free Standard Account
• Flexible Platform Options
• Community Support

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Platform Overview

Pepperstone is known for its ultra-tight spreads and low-cost trading structure. 

The platform offers both a Standard Account (with zero commissions) and a Raw Account (with some of the lowest spreads available, particularly for EUR/USD). 

With over 1,200 trading instruments and support for MetaTrader 4, MetaTrader 5, and cTrader, Pepperstone caters to traders seeking flexibility and low-cost execution. 

Another standout feature is the strong community aspect, which allows traders to interact and share insights, creating a collaborative environment.

Key Features, Tools & Platforms

☑️ Tight Spreads & Low Fees: The Raw account provided by Pepperstone boasts some of the most competitive spreads available, particularly for the EUR/USD currency pair. Moreover, there are no commissions associated with the standard account.

☑️ No Minimum Deposit Requirement: There is no obligatory minimum deposit requirement. This makes it highly accessible for new traders.

☑️ MetaTrader 4 & 5 + cTrader: Pepperstone supports all major platforms, giving traders access to advanced charting, automated trading, and technical indicators. 

☑️ Strong Trading Community: The platform encourages interaction among traders, providing opportunities to learn from others and share insights. 

☑️ Flexible Account Options: Pepperstone offers a General Investment Account, a demo account, and a Raw account. However, the demo account is limited to 30 days, which may be restrictive for some traders.

What I Like about Pepperstone

I recommend Pepperstone for its remarkably tight spreads and absence of inactivity and account fees.

Moreover, the standard account does not charge commissions, and there is no obligatory minimum deposit requirement.

I also like how Pepperstone has created a community for traders to interact and learn from each other. 

Potential Downside

One inconvenience I experienced was the limited accessibility of the trial account, which lasted only 30 days. This may not be enough time for new traders to test the platform fully.

Key rating criteria:

Read my complete Pepperstone review.

12. HYCM – Best for Low Forex & CFD Trading Fees

Best for Low Forex & CFD Trading Fees

HYCM - Best for Low Forex & CFD Trading Fees

4.3

Offers tailored pricing structures to suit different trading styles.

Pros:

• Flexible Account Types
• Low Minimum Deposit
• Exclusive Beginner Support

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Platform Overview

HYCM stands out for its customised pricing plans and a strong focus on education, making it suitable for both beginners and experienced traders. 

The platform offers three account types — Classic, Raw, and Fixed — with low minimum deposit requirements. Its fee structure is competitive, with commissions based on the selected account type. 

HYCM’s educational support includes videos, webinars, and a valuable weekly workshop for beginners.

Key Features, Tools & Platforms

☑️ Custom Pricing Plans: HYCM offers flexible pricing models to suit different trading styles. Traders can choose between the Classic, Raw, and Fixed accounts based on their strategy and budget.

☑️ Flexible Account Options: The Classic and Fixed accounts require a minimum deposit of £100, while the Raw account requires £200. This makes HYCM accessible to traders with different budget levels.

☑️ Beginner-Friendly Workshops: HYCM’s weekly workshops provide real-time insights into the decision-making process of experienced traders, helping new traders develop effective strategies.

☑️ Low Trading Fees: HYCM’s fee structure is competitive, with low commissions on forex and CFDs. Commissions vary depending on the account type, giving traders the flexibility to choose the most cost-effective option.

What I Like about HYCM

The biggest advantage of HYCM is that it offers custom pricing plans to suit traders of all skill levels. These pricing options are carefully designed to accommodate individual requirements. 

The scope of educational support is also impressive. Of particular value is the weekly workshop exclusively tailored to beginners, providing real-time guidance that supports you in your trading journey.

These invaluable sessions provide insights into the decision-making processes of seasoned professionals, shedding light on effective share trading strategies.

Potential Downsides

One potential issue with HYCM is the fee structure, which varies depending on the account type. This may add complexity for some traders.

Also, while educational resources are strong, I found charting and analytical tools pretty limited, especially for more advanced users. 

Key rating criteria:

13. Hargreaves Lansdown – Best for access to financial advisors

Best for access to financial advisors

Hargreaves Lansdown - Best for access to financial advisors

4.3

Offers personalised advice from dedicated financial professionals.

Pros:

• Diverse Investment Options
• Easy-to-Use Platform
• Flexible Pricing for Frequent Traders
• Strong Customer Support

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Platform Overview

If you’re looking for access to a financial advisor within your online trading platform, I suggest Hargreaves Lansdown.

Their trading platform stands out by providing access to dedicated human financial advisors. This distinctive feature shows how dedicated the broker is to helping its customers accomplish their financial aspirations.

Hargreaves Lansdown offers an extensive array of investment opportunities that span funds, curated portfolios, and expert recommendations. This provides users with a seamless way to diversify their financial portfolio. 

Key Features, Tools & Platforms

☑️Financial Advisors: Hargreaves Lansdown allows traders to consult with professional financial advisors directly through the platform. This feature helps users create personalised strategies and make informed decisions.

☑️ Diverse Investment Options: The platform provides access to a wide range of financial products, including funds, stocks, curated portfolios, bonds, and investment trusts. This variety allows traders to diversify their holdings easily.

☑️ User-Friendly Interface: The platform’s simple interface makes it a great choice for novice traders. I found that searching and setting alerts for the stock market was super easy. 

☑️ Flexible Account Options: Hargreaves Lansdown offers traders an impressive range of account options, including SIPP (Self-Invested Personal Pension), junior SIPP (Self-Invested Personal Pension for minors), junior stocks & shares ISA (Individual Savings Account), junior investment, stocks & shares ISA, lifetime ISA, fund and share, and active savings

What I Like about Hargreaves Lansdown

Access to expert human financial advisors definitely makes Hargreaves Lansdown stand out. Personalised help is key for new traders, allowing them to make plans easily with great customer support.

As mentioned above, I was also very impressed by the platform’s interface. Its ease of use adds to Hargreaves Lansdown’s appeal as a beginner-friendly trading platform. 

Potential Drawbacks

Having said all that, this is a pricier stock trading platform. Therefore, it may not be a great option for experienced traders who are trading frequently. 

There’s no platform fee; however, the cost per trade is high at £11.95. Bonds and investment trusts cost £11.95.

Frequent traders are also charged £5.95. You’re also charged phone fees of £20-£50 and a yearly custody cost of 0.45% is applied, further increasing costs for long-term investors. 

Key rating criteria:

How I Picked the Best Trading Platforms in the UK

I spent countless hours researching trading platforms in the UK. In the end, I managed to separate the good from the bad, and the great from the good. 

My top pick goes to eToro. It’s by far the most complete of reviewed platforms, offering everything from multiple assets and trading accounts to educational materials, strong social features and advanced analytical tools. 

To give you a better sense of how I came to these conclusions, here are some of the criteria that I followed:

Fees

I analysed platform fees, including custody fees, trading commissions, and inactivity charges. Even small fees can accumulate over time, affecting overall returns. Some platforms offer zero trading fees, but they may compensate by charging higher account fees or offering fewer services.

User-Friendliness 

User-friendliness isn’t just an important factor for beginners. It’s also something for experienced traders to keep a close eye on. 

Navigating a trading platform quickly and easily is a must for trading online. This will help you manage your portfolio with significantly less stress so that you can make better decisions. 

Each trading platform that I’ve included in this post has been meticulously researched to ensure that the trading experiences are quick and easy, albeit some slightly better than others. 

Educational Features

Education plays a huge part in my reviews. Trading platforms with educational features help beginner traders learn quickly. They can educate themselves and practice what they’ve learned within a single platform.

Educational resources from the best trading platforms in the UK come with blogs, videos, seminars, webinars, and tracking features.

These resources often include interactive tutorials and real-time market analysis to provide a comprehensive learning experience.

Additionally, many platforms offer practice accounts and simulated trading environments to apply new skills without financial risk.

Most platforms on my list offer multiple opportunities for traders to refine their skills, catering to both experienced and novice users. 

Asset Options

The variety of assets offered by a trading platform is essential to consider, as it influences the potential for portfolio diversification with a particular broker. 

Seasoned traders often prefer platforms that provide a broad range of options, including CFDs, forex, stocks, trusts, index funds, ETFs, and more. 

While they might not trade all these asset types, having a diverse array of options available can create a sense of ease, knowing they can switch to a new market quickly if needed.

As you likely noticed, I’ve also ensured to include trading platforms with fewer options. There’s a reason for that. 

Novice traders often find an abundance of choices overwhelming. If you’re new to trading, opting for platforms with fewer selections can help prevent feeling overwhelmed and allow for a more focused approach to learning and trading.

Account Choices

Efficiency is cardinal when trading. 

Choose the right account type for your needs, considering your goals and tax situation.

When reviewing account options, I focused on how well the platforms support different financial goals and tax strategies. 

Choosing the right account — like an ISA for tax-free growth or a General Investment Account for flexibility — is key to maximising returns and minimising tax liability. 

Platforms that offer a range of account types scored higher, as they allow traders to align their choices with their long-term financial plans. 

Demo Accounts

Demo accounts can be great for novice traders who want to gain experience without risking their funds.

These accounts provide a set amount of ‘virtual money’ that you can use to familiarise yourself with every stage of the trading process.

A demo account will also help you understand the range of assets you can trade and test different trading strategies in a risk-free environment. All this helps build your confidence, ensuring you’re better prepared for real trading.

In my review, I tried to pick trading platforms that offer demo accounts with realistic market conditions and an easy transition to a live account.

And while not all provide that, those that do scored higher.

Security 

The safety and security of trading platforms are of utmost priority. Therefore, I implemented stringent standards to ensure that the trading platforms mentioned above meet a set of safety criteria. 

One of the main things I kept an eye on was whether the platforms were regulated by the FCA (Financial Conduct Authority) or similar. This ensures that the broker is structured to comply with the regulations that are set out across the entire industry. 

User data was the next priority that I focused on. The trading platforms that I researched needed to have robust measures that protect and secure user data. 

Some of the platforms listed also deploy more advanced security features, such as biometric identification. 

Many of the platforms that offer these advanced security features are also working with the FSCS (Financial Services Compensation Scheme) — which means your trading account is insured for up to £85,000 if a provider goes bust, giving you confidence in your money’s safety.

How to Choose the Best Trading Platform: Key Factors to Consider

Choosing your preferred platform isn’t just about reading reviews. It will also vary based on your needs and experience.

Along with the key rating criteria I used to rank the platforms, here’s what to look for when comparing different trading platforms:

• Define Your Trading Goals: Your trading style (long-term vs. short-term, day trading vs. swing trading, etc.), the types of assets you want to trade (stocks, bonds, forex, commodities, cryptocurrencies), and how often you plan on trading are key considerations.
• Consider the Costs: Evaluate the fees and costs associated with each broker. This can include trading commissions, account fees, withdrawal fees, and any costs associated with using premium features or tools.
• Check Regulatory Status: The platform should be regulated by an authoritative body like the Financial Conduct Authority (FCA) in the UK. This ensures that the platform meets specific standards and follows regulations designed to protect consumers.
• User Experience & Interface: Consider how easy the platform is to use and whether it provides a good user experience. If possible, use a demo account to try out the platform first-hand.
• Evaluate the Tools & Features: Some platforms come with advanced charting tools, real-time news feeds, research reports, and other features that can assist you in making trading decisions. Determine what tools and features are most important to you.
• Education & Support: Especially for newer traders, educational resources like tutorials, articles, webinars, and demos can be incredibly valuable. Also, check the broker’s customer service options and reputation.
• Account Types: Check whether the platform offers the right type of account for you, such as Individual Savings Accounts (ISAs), Contracts for Difference (CFD), or spread betting accounts.
• Check Reviews & Opinions: Look at reviews and opinions from other users. This can give you a good sense of the strengths and weaknesses of the platform.

Remember to pick a trading platform that fits your unique needs and situation.

What Is the Best Trading Platform in the UK?

The United Kingdom offers a variety of top-notch trading platforms catering to different trader needs.

After considering factors like fees, features, user experience, and regulatory compliance, eToro is my top pick, thanks to its user-friendly interface and social trading features.

Its educational resources make it easier for new traders to learn and grow their skills. It also offers a great range of assets, multiple trading accounts, and a top-notch interface further enhanced by advanced features and tools. 

The truth is, however, that all the platforms on my list are worth considering. They are the best the UK market has to offer, so take your time, evaluate each one carefully, and pick the one that suits you best. 

FAQs

Are trading platforms safe?

Yes, most trading platforms in the UK are safe to use, provided they are properly regulated. In the UK, trading platforms should be regulated by the Financial Conduct Authority (FCA). This ensures that they adhere to stringent security standards, including encryption of personal data and transactions. 

It’s also essential that the broker offers a secure login method, such as two-factor authentication. However, while the platforms themselves may be secure, users should also exercise caution in their trading activities. 

Remember, trading platforms offer tools but can’t remove market risks. Always research your trades.

Why do most traders lose money?

Most traders lose money primarily due to a lack of knowledge and discipline. Trading requires a deep understanding of markets and financial instruments, and without proper research and strategy, traders can make poor decisions. 

Emotions often lead to impulsive decisions, like chasing losses or getting greedy during winning streaks. Additionally, not setting a stop-loss limit can lead to significant losses. Inadequate risk management and over-leveraging are also common reasons why many traders end up losing money.

What platform do professional traders use in the UK?

Professional traders in the UK often use Hargreaves Lansdown due to its comprehensive range of investment options and advanced trading tools. The platform is renowned for its detailed research and analysis features. Many experts regard it as one of the UK’s leading trading platforms for seasoned investors.

You may also like:

• Best trading app UK
• Best CFD trading platform UK
• Best UK stock brokers
• Best forex trading platform UK

Sources:

1. https://www.finder.com/uk/investment-statistics ↩︎
2. https://www.etoro.com/news-and-analysis/press-releases/etoro-teams-up-with-moneyfarm-to-provide-its-customers-with-isa-solution/ ↩︎