Online Brokers In UK 2021 – Comparison & Reviews

Whether you want to trade stocks, CFDs, forex, commodities or cryptos, the UK is an attractive spot for investors of all levels. But as one of the world’s financial capitals, the extensive list of online brokers in the UK can make it challenging for traders starting out. We explain what to look for in a platform and list the best online brokers in UK.

Online Brokers In UK

A trader 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. Voted #1 in UK.
Min. Deposit
$100
Regulator
FCA, CySec, ASIC
MT4 Integration
No
Pepperstone offers spread betting andCFD trading to both retail and professional traders. Clients can trade FX, indices, commodities and shares on MT4, MT5 and cTrader platforms.
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
Min. Deposit
£200 / $200
Regulator
FCA, ASIC, SCB, DFSA, CMA, BaFin
MT4 Integration
Yes
CMC Markets is headquartered in London and listed on the LSE (FCA Regulated). They offer competitive spreads on a global range of assets via a next generation platform.
Min. Deposit
£ 0
Regulator
FCA, ASIC, IIROC, MAS
MT4 Integration
Yes
FXCM are an FCA regulated, London based broker. Companies under the FXCM umbrella are also regulated in Australia and South Africa.
Min. Deposit
£300
Regulator
FCA
MT4 Integration
Yes
Leading forex and CFD broker regulated in Ireland, Australia, Canada and South Africa. Avatrade are particularly strong in integration, including MT4
Min. Deposit
$100
Regulator
CBoI, ASIC, FSB
MT4 Integration
Yes
Eightcap is a multi-regulated FX & CFD broker offering the MT4 & MT5 platforms. Award winning platform, zero commission, free education and low spreads.
Min. Deposit
£/€/$100
Regulator
ASIC, VFSC
MT4 Integration
Yes
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Min. Deposit
$200 ($50 in US)
Regulator
FCA
MT4 Integration
No
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.
73% of retail accounts lose money.
Min. Deposit
No Minimum
Regulator
FCA, CySEC, IFSC, KNF
MT4 Integration
No
Deriv.com are a new brokerage, offering options and CFDs on a simple, reliable, flexible platform. Get access to volatility indexes exclusively at Deriv.
Min. Deposit
€/£/$5
Regulator
Malta (MFSA), Labuan (LFSA), Vanuatu (VFSC), British Virgin Islands (BFSC)
MT4 Integration
No
BDSwiss offer 250+ Shares, Indices, Forex, Commodities and Cryptocurrencies markets via CFDs. With spreads from 1 pip and an award winning app, they offer a great package.
Min. Deposit
100 $/€/£
Regulator
CySec, FSC, FSA
MT4 Integration
Yes
PrimeXBT is a Bitcoin-based platform offering highly leveraged trading in FX, indices, commodities, & cryptocurrencies.
Min. Deposit
0.001 BTC
Regulator
Unregulated
MT4 Integration
No
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
Min. Deposit
No Minimum
Regulator
ASIC
MT4 Integration
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.
Min. Deposit
5 $/€/£
Regulator
FCA, IFSC, CySec, ASIC
MT4 Integration
Yes
Markets.com offer CFDs across a huge range of assets from shares and indices to commodities and cryptocurrencies.
Min. Deposit
$100
Regulator
FCA, CySEC, ASIC, FSCA, FSC
MT4 Integration
Yes
Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world.
72.6% of retail investor accounts lose money when trading CFDs with this provider
Min. Deposit
0 $/€/£
Regulator
FCA, ASIC, FMA
MT4 Integration
Yes
Trade Forex on 0.0 pip spreads with the world's leading True ECN forex broker - IC Markets.
Min. Deposit
$200
Regulator
ASIC, CySec, FSA
MT4 Integration
Yes
Forex.com boast a global reputation. Regulated in the UK, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
Min. Deposit
$100
Regulator
NFA, CFTC, FCA, FSA, IIROC and CIMA
MT4 Integration
Yes
easyMarkets.com - Simply Honest. Trade CFDs on Forex, Commodities, Indices, Shares & Cryptos With a Top Rated Forex Broker
Min. Deposit
€100
Regulator
CySec, ASIC, BVI
MT4 Integration
Yes
LegacyFX is a multi-asset broker offering an MT5 download & free signals.
Min. Deposit
$500
Regulator
CySEC, FCA, VFSC, NBRB
MT4 Integration
No
Skilling are an exciting new brand, regulated in Europe and beyond, with a bespoke browser based platform, allowing seamless low cost trading across devices.
69% of retail CFD accounts lose money.
Min. Deposit
100 £/€/$ or 1000 NOK, SEK
Regulator
CySec, FSA
MT4 Integration
Yes
Reliable and affordable trading since 2009. Join over 400,000 others trading on 300+ CFD products over assets like forex, gold, indices and shares from 0.0 spreads through TradingView, MT4 or MT5. Vantage FX is ASIC regulated and client funds are segregated. Open an account in under 5 minutes.
Min. Deposit
$200
Regulator
ASIC, FCA, CIMA
MT4 Integration
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.
Min. Deposit
From $50
Regulator
CySec, FCA and FSC of the Republic of Mauritius
MT4 Integration
Yes
RoboForex is a multi-asset online broker offering powerful trading aides.
Min. Deposit
$10
Regulator
IFSC
MT4 Integration
Yes
Capital.com offer CFDs and Forex on a huge range of assets, with competitive spreads and unique platforms, including the fully functional mobile app.
Min. Deposit
£/$/€20
Regulator
FCA, CySec
MT4 Integration
Yes
FXChoice is an offshore retail broker offering MT4 and MT5 platform downloads.
Min. Deposit
$100
Regulator
IFSC
MT4 Integration
Yes
FXCC is a highly regulated and trustworthy MT4 trading broker.
Min. Deposit
No Minimum
Regulator
CySEC, FCA
MT4 Integration
Yes
Bit Mex Offer the largest market liquidity of any Crypto exchange. Ultra low trading costs and minimum deposit requirements. Join in 30 seconds.
Min. Deposit
0.0001 XBT
Regulator
MT4 Integration
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.
Min. Deposit
$100
Regulator
CySec, FCA, SCB, FSCA
MT4 Integration
Yes
Coinbase is the easiest place to buy, sell, and manage your cryptocurrency portfolio.
This post contains affiliate links, and this website will be compensated if you make a purchase after clicking the links.
Min. Deposit
0 $/€/£
Regulator
CBoI
MT4 Integration
No
Moneta Markets is a regulated FX & CFD broker offering a proprietary web platform.
Min. Deposit
$200
Regulator
CIMA
MT4 Integration
Yes
Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions incl the UK and Australia. They boast tight spreads and no minimum deposit.
Min. Deposit
No minimum
Regulator
FCA, ASIC, FSCA and SCB
MT4 Integration
Yes
Quotex offers a proprietary web platform that offers digital options and copy trading.
Min. Deposit
$10
Regulator
IFMRRC
MT4 Integration
No
SpreadEx offer spread betting on Financials with a range of tight spread markets. Popular award winning, UK regulated broker.
Min. Deposit
$1
Regulator
FCA
MT4 Integration
No
A regulated bank, Saxobank offer Equities and Forex trading on 40,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms
Min. Deposit
£500
Regulator
Danish FSA, FCA and Others
MT4 Integration
No
LiteForex Europe is an FX and CFD broker offering sophisticated trading tools.
Min. Deposit
$50
Regulator
CySEC
MT4 Integration
Yes
ROInvesting is an online CFD broker regulated by the CySEC.
Min. Deposit
$250
Regulator
CySEC
MT4 Integration
Yes
GO Markets is an ASIC-regulated FX & CFD broker.
Min. Deposit
$200
Regulator
ASIC
MT4 Integration
Yes
ThinkMarkets is a multi-regulated forex and CFD broker
Min. Deposit
No minimum
Regulator
FCA, ASIC, FSCA
MT4 Integration
Yes
Established spread betting, forex and CFD broker with over 30 years in the business. Regulated around the globe.
Min. Deposit
£/$100
Regulator
ASIC,FCA
MT4 Integration
Yes
NinjaTrader offer Traders Futures and Forex trading. Use Auto-trade algorithmic strategies and configure your own trading platform, and trade at the lowest costs.
Min. Deposit
$50
Regulator
NFA, CFTC
MT4 Integration
Yes
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.
Min. Deposit
£250
Regulator
FCA
MT4 Integration
Yes
Dukascopy is a Swiss-based forex, CFD, and binary options broker
Min. Deposit
$100
Regulator
FINMA, FCMC, JFSA
MT4 Integration
Yes
Binary.com are the established pioneers of binary options. The choice of the advanced trader, Binary.com offer the greatest flexibility of any binary broker. They also offer Forex and CFD via the MT5 platform.
Min. Deposit
$5
Regulator
MGA
MT4 Integration
Yes
Instaforex provide Forex, CFDs, Stock and Cryptocurrency trading. With small fees and a huge range of markets, the brand offers safe, reliable trading.
Min. Deposit
€1 to €1000 (Account choice dependent)
Regulator
CySec
MT4 Integration
Yes
UFX are forex trading specialists but also have a number of popular stocks and commodities. Offering tight spreads and one of the best ranges of major and minor pairs on offer, they are a great option for forex traders.
Min. Deposit
$100
Regulator
CySec
MT4 Integration
Yes
NordFX offer Forex trading with specific accounts for each type of trader. Zero accounts offer spread from 0 pips, while the Crypto offers optimal cryptocurrency trading. Open account from just $10.
Min. Deposit
$10
Regulator
VFSC, CySec
MT4 Integration
Yes
Ayondo offer trading across a huge range of markets and assets. They also offer negative balance protection and social trading.
Min. Deposit
£1
Regulator
FCA
MT4 Integration
Yes
RoboMarkets is an award-winning broker offering flexible margin trading.
Min. Deposit
$/£/€100
Regulator
CySEC
MT4 Integration
Yes
Libertex - Trade Online. Libertex offer CFD and Forex trading, with fixed commissions and no hidden costs.
83% of retail investor accounts lose money when trading CFDs with this provider.
Min. Deposit
€100
Regulator
CySec
MT4 Integration
Yes
EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
Min. Deposit
$10
Regulator
Unregulated
MT4 Integration
Yes
Gemini is a leading crypto trading exchange with low fees and a long list of altcoins.
Min. Deposit
None
Regulator
FCA
MT4 Integration
No
Trade.com offers thousands of tradable assets on desktop and mobile platforms.
Min. Deposit
$100
Regulator
FCA, CySEC, FSCA
MT4 Integration
Yes
Global Prime is a multi-regulated trading broker offering 100+ markets.
Min. Deposit
AUD $200
Regulator
ASIC, VFSC, FSA
MT4 Integration
Yes
Binance is one of the leading online crypto exchanges offering Bitcoin.
Min. Deposit
No minimum
Regulator
FCA
MT4 Integration
No
Trade on the financial markets with low cost, leveraged products at HYCM.
Min. Deposit
$100
Regulator
FCA, DFSA, CIMA, CySEC
MT4 Integration
Yes
Trade the markets with MT4 trading tools alongside CySEC regulation.
Min. Deposit
$100
Regulator
CYSEC, VFSC, FSCA
MT4 Integration
Yes
Paxful is a crypto trading exchange and digital wallet offering low fees and easy sign-up.
Min. Deposit
From 0.005 BTC
Regulator
None
MT4 Integration
No
FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.
Min. Deposit
$1
Regulator
IFSC, CySEC, ASIC, FSCA
MT4 Integration
Yes
Bitfinex is among the best crypto exchanges for experienced traders with a free mobile trading app and low fees.
Min. Deposit
$10,000
Regulator
None
MT4 Integration
No
LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
Min. Deposit
$20
Regulator
None
MT4 Integration
Yes
StormGain provides an online crypto trading platform & cloud mining tool.
Min. Deposit
50 USDT
Regulator
None
MT4 Integration
No
Fortrade is a multi-asset broker offering a simple live account with advanced tools.
Min. Deposit
$100
Regulator
FCA, ASIC, CySEC, NBRB, IIROC
MT4 Integration
Yes
FP Markets is a multi-asset broker offering a choice of trading platforms.
Min. Deposit
$100
Regulator
ASIC, CySEC
MT4 Integration
Yes
101investing.com is a CFD broker providing access to a range of financial markets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Min. Deposit
$250
Regulator
CySEC
MT4 Integration
Yes
Core Spreads offers CFD trading and spread betting across several asset classes on two top-tier platforms.
Min. Deposit
No minimum
Regulator
FCA
MT4 Integration
Yes
Infinox is a UK-based broker offering MT4 trading with tight spreads.
Min. Deposit
£1
Regulator
FCA
MT4 Integration
Yes
Hantec Markets is a multi-regulated online FX broker offering MT4 and a tailored service providing huge flexibility to suit any trader.
Min. Deposit
No minimum
Regulator
FCA, ASIC, FSC, FMA, FSA, CGSE, JSC
MT4 Integration
Yes
FXOpen is a highly regulated FX & CFD broker offering multiple trading platforms.
Min. Deposit
$300
Regulator
FCA, ASIC
MT4 Integration
Yes
AGEA is a regulated forex & CFD broker offering multiple trading platforms and account types.
Min. Deposit
$1
Regulator
Commission for Capital Markets
MT4 Integration
Yes
IronFX offers online trading in forex, stocks, futures, commodities and cryptocurrencies
Min. Deposit
$100
Regulator
FCA, CySEC, ASIC, FSB
MT4 Integration
Yes
Admiral Markets is leading Forex and CFD broker offering the MT4 & MT5 platforms
Min. Deposit
$100
Regulator
FCA, CySEC, ASIC
MT4 Integration
Yes
Spectre.ai is a blockchain-based binary options broker
Min. Deposit
No minimum
Regulator
St. Vincent and the Grenadines
MT4 Integration
No
OKEx is a digital exchange offering trading on hundreds of cryptos across desktop and mobile applications with low fees.
Min. Deposit
10 USDT
Regulator
None
MT4 Integration
No
Access global exchanges anytime, anywhere, and on any device. Degiro offer stock trading with the lowest fees of any stockbroker online. Degiro are not CFD brokers and do not offer CFDs
Investing involves risk of loss
Min. Deposit
0 $/€/£
Regulator
FCA, AFM
MT4 Integration
No
Kraken is a top crypto trading exchange offering the largest altcoins by market cap.
Min. Deposit
0.0001 XBT
Regulator
FCA, FinCEN, FINTRAC, AUSTRAC, FSA
MT4 Integration
No
Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets
Min. Deposit
$1 to $300 (Broker choice dependent)
Regulator
HCMC
MT4 Integration
Yes
Fondex is an award-winning forex and CFD broker with industry low trading costs
83.57% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Min. Deposit
$0
Regulator
FSA, CySEC
MT4 Integration
No
Forex broker Videforex accepts deposits in a range of cryptocurrencies. Payouts reach 95% per trade.
Min. Deposit
$250
Regulator
Unregulated
MT4 Integration
No
Deposit and trade with a Bitcoin funded account! Binarycent accept deposits in, and trade, 15+ Cryptocurrency types.
Min. Deposit
$250
Regulator
MT4 Integration
No
Coinmama aim to make entering the crypto market as easy as possible, offering BTC,ETH,LTC,ADA,BCH and XTZ
Min. Deposit
€/£/$100
Regulator
MT4 Integration
No
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.
Min. Deposit
$10000
Regulator
SEC, FCA
MT4 Integration
No
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.
Min. Deposit
€/£/$1
Regulator
FCA
MT4 Integration
No
ETX Capital are a London based, FCA regulated broker offering tight spreads across a wide range of markets. They offer professional client services to Pro clients. ETX are offering a FREE trading course to new clients, and free guaranteed stops on the TraderPro platform.
Min. Deposit
£250
Regulator
FCA
MT4 Integration
Yes
Just2Trade offer hitech trading on stocks and options with some of the lowest prices in the industry
Min. Deposit
£2500
Regulator
FINRA, SIPC, NFA
MT4 Integration
Yes
Alpari offer forex and CFD 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.
Min. Deposit
From $/£/€ 5
Regulator
FSC of Maritius
MT4 Integration
Yes
Show All Brokers ⇩

How To Choose Online Brokers In UK

A broker is your gateway to the financial markets, offering a portfolio of tools to support your investing strategy. When considering your options, there are several factors to take into account:

Market Access

Traders from Britain have access to a huge range of markets, but this can vary between online brokers in UK. Most established platforms offer currencies with the GBP, indices like the FTSE, cryptos such as Bitcoin, and stocks on UK-listed companies.

If you’re interested in a specific asset, check the online broker offers it before investing capital. For example, Dogecoin is available on Coinbase for traders in the US but is largely unavailable in the UK, while certain stocks, such as GME, may only be available to users with premium accounts.

It’s also worth noting that the FCA has banned online brokers in the UK from offering crypto derivatives to retail traders.

The best online trading brokers in the UK

Fees

Charges vary significantly between online brokers in UK. Depending on how regularly you trade and which assets you want to invest in will impact which pricing plan may best suit your needs.

Charges typically take the form of spreads and/or commissions, though overnight holding fees and inactivity charges should also be taken into account. So make sure you compare spreads on the GBP/CAD, for example, before opening a live account.

Registration

Trading can be a complicated process, especially for beginners. To make the experience stress-free, look for online brokers in UK that offer a user-friendly sign-up process. For example, platforms that don’t require a lengthy KYC process and facilitate the quick verification of documents make getting started easier. Also check reviews for responsive customer support who can help with the account opening process.

Tools

Successful investing takes patience and commitment. However, you also need a range of tools to help you analyse the markets and inform decisions. Active traders keen on detailed charts and mapping features may be interested in a broker that offers the popular Meta Trader 4 platform. On the other hand, a more casual investor interested in speculating on stocks using fundamentals may want a  user-friendly mobile app with straightforward deposits and withdrawals.

Some of the best online brokers in UK also offer demo accounts loaded with virtual funds. These are an excellent way to try before you buy.

Leverage

Leverage or margin essentially lets you borrow capital from your broker to take larger positions. Most online brokers in UK are regulated by the FCA and adhere to the 1:30 leverage limit. However, UK traders may qualify for rates of up to 1:500 if they meet capital and experience requirements.

UK traders can also access higher leverage if they open an account with an offshore broker that’s not regulated by the FCA. Of course, higher leverage increases risk and the lack of FCA oversight reduces the legal protections afforded to British retail traders.

Security

Most reputable brokers will have several security measures in place to help protect capital, from KYC checks to 2-Factor Authentication (2FA) at the login stage. Whilst they can feel time-consuming, they help prevent fraud and money laundering and are usually the sign of a credible broker.

Security is particularly relevant for crypto investors as the market is still largely unregulated. The best online brokers in UK dealing with digital currencies typically offer a built-in wallet. For extra security, look for platforms that offer cold wallets as these make it even harder for hackers to access your funds.

UK Regulation

In the United Kingdom, the body responsible for regulating financial services is the Financial Conduct Authority (FCA). Their remit includes everything from banks to day trading brokers. The FCA regulates over 56,000 firms and is one of the most prestigious financial agencies in the world.

FCA

The key aims of the FCA include:

  • The supervision and enhancement of financial markets in the UK
  • Encouraging healthy competition within financial services in the interest of consumers
  • Using enforcement and investigation to ensure compliance with regulations aimed at treating customers fairly

The best online brokers in UK will hold a license with the FCA. Benefits of licensing conditions include the separation of client money from broker’s, plus access to the Financial Ombudsman Service and the Financial Services Compensation Scheme. The latter can reimburse retail investors to the tune of £30,000 if an FCA-regulated forex broker goes bankrupt. However, the scheme does not cover crypto assets. The FCA also has the power to ban retail trading products, impose margin limits and implement mandatory risk warnings.

You can check online brokers in the UK are regulated by running their license number through the official FCA website.

Note, post Brexit, UK expats will need to find a broker that is regulated in the country in which they reside.

Trading Taxes In The UK

When investing in the UK, you may be subject to Capital Gains Tax (CGT). If your gains exceed £12,300, you may need to pay CGT on any additional profits. If you are a basic rate taxpayer, you will pay 10% CGT on profits over £12,300. If you are a higher rate taxpayer, you will pay 20% on any gains.

UK trading taxes

When investing in a stock, ETF or index that pays a dividend you may also be subject to a dividend tax. Residents of the UK have a tax-free dividend allowance of £2,000. You may be charged dividend tax if your gains exceed the amount you can earn each year without paying tax.

The bands for dividend tax in the UK are:

  • Basic rate – 7.5%
  • Higher rate – 32.5%
  • Additional rate – 38.1%

Note, it may be worth consulting a local tax advisor to understand your obligations before investing funds.

Final Word; Online Brokers In UK

The UK is among the top 10 global economies, with many publicly traded companies and currency pairs with the GBP that appeal to British investors. It’s perhaps no surprise then that there is an extensive list of online brokers in the UK to choose from. See our list of the top platforms to narrow your search and make sure to opt for an FCA-approved provider.

FAQ

Who Are The Best Online Brokers In UK?

When choosing a broker operating in the UK, there are a few factors to consider including costs, market access, leverage and security. Have a look at our comparison table for a ranking of the largest online brokers for traders in the United Kingdom.

Holding and investing in cryptocurrencies is legal in the UK. However, using leveraged CFDs or other crypto derivatives is now banned and digital assets are not covered by compensation schemes. Find out more about investing in cryptocurrencies here.

Do Traders Pay Tax In The UK?

If your earnings exceed £12,300 in a single year you may owe Capital Gains Tax (CGT). You will be charged 10% on any profits over £12,300 as a basic taxpayer and 20% if you are in the higher bracket. A dividend tax may also apply to stock trading. Consult a local tax specialist for guidance.

Can UK Expats Trade In The UK?

UK expats living in another country can trade stocks, forex, cryptos and other assets with an online broker. However, they are not covered by the regulatory protections afforded by the FCA. So if you are a UK expat, check your broker is regulated in the country in which you reside.

Where Can I Find A List Of The Best Online Brokers In UK?

See our list of the top forex, stock and CFD brokers operating in the UK. We cover the platforms with the largest range of products, cheapest fees, and best investing tools. Our table also includes the top ten FCA-regulated brokers.