Best UK Trading Accounts for 2021

IG Markets is one of the biggest and safest CFD brokers in the world. It is listed on London’s Stock Exchange and is regulated by various top-tier regulators around the globe, including the FCA, ASIC, JFSA and BaFin.

It also has a trust score of 99, making it one of the safest trading platforms for novice and adept traders. Its wide range of financial instruments is spread across forex, CFDs, indices, commodities, shares and cryptocurrencies.

Additionally, IG Markets supports various platforms such as MT4, L2 Dealer and ProRealTime. It also offers asocial space wherein peer-to-peer interactions and trade discussions are allowed.

Other great features you will enjoy on this platform are its highly intuitive mobile app, knock out trading option, automated trading option and the Direct Market Access platform that can be used for day/scalp trading.

IG Markets charges 2.5% broker fees, 1% deposit fee for Visa while 0.5% deposit fee MasterCard and $12 fee per month after 2 years of inactivity. There are no charges for withdrawing funds.

Robinhood offers 100% commission-free investment instruments, which keeps traders’ costs low.

It does not have a minimum balance and also features the fractional shares system, where a trader can purchase a portion of a share with as little as $1, even if one share costs more. This makes it easier to build a diversified portfolio even if you are squeezed for cash. Recently, it introduced a cash management account that allows you to earn 0.03% of uninvested cash annually.

Robinhood also offers instant transfers of up to $1,000. It can be deposited to any of many major UK banks it has partnered with. You can program it to make automatic deposits from your bank account on a weekly, monthly or quarterly schedule.

Its trading platform was primarily designed for smartphone trading, which means that it has one of the most user-friendly mobile platforms on the market. Its financial instruments include stocks, funds, options, gold, ETFs and cryptocurrencies.

It has no minimum deposit and only accepts bank transfers. The only drawback of the Robinhood trading account is that it has no demo account and is also not compatible with MetaTrader platforms.

CMC Markets is one of the most popular platforms in the UK. It has an easy to customize trading platform as well some great features that can improve your trading experience. It is also compatible with the MT4 trading platform for more advanced forex trading.

Its platform has a wide selection of investment instruments that include forex pairs, indices, cryptocurrencies, commodities, ETFs, shares and treasuries.

Aside from its web-based trading platform, its users also get to enjoy a mobile app that works on both Android and iOS devices. Users can also access the free demo account using its mobile app. Other amazing features that CMC Markets trading account holders enjoy are the Guaranteed Stop Loss Order (GSLO) function and its platform’s MT4 compatibility.

It doesn’t require a minimum deposit and does not charge deposit and withdrawal fees. However, it charges a 1% annual brokerage fee.

Like other trading companies listed above, it is listed on the London Stock Exchange and is also regulated by FCA in the UK, making it one of the safest brokerage firms in the world.

DEGIRO was only founded in 2013, but it has already quickly risen to be one of the leading trading accounts in the UK.

It currently operates in 18 countries with more than 400,000 active clients trading on its platform. DEGIRO is famous for its low commissions and fees, which makes it an ideal trading platform for beginners with limited funds. It has no minimum deposit amount and only charges a flat rate of £1.75 for trading individual shares plus 0.014% per trade.

For purposes of accountability and transparency, the DEGIRO trading account has the fee schedule feature that allows you to make fee calculations before the trades.

On its platform, you can buy, sell and trade stocks, shares, ETFs, futures, bonds, trusts and gilts. It is regulated by FCA, AFM and Dutch Central Bank, so you can be assured that it is a credible and reliable platform.

Unfortunately, the DEGIRO trading account only supports bank transfers as its payment method and does not support MetaTrader platforms.