When choosing a broker, you need to look at a number of factors. These factors include convenience and customer service. A broker should be able to address your concerns and technical problems quickly. Their hours of operation should be long and multiple contact options should be available. It is important that you are never left in the dark about your trades. Below is a list of the best brokers for investors in the United Kingdom. Not all of them will be suitable for your needs, so be sure to do your own research to ensure that you get the best service possible.
If you are considering opening a trading account, XTB Broker UK is a good choice. It offers a free introductory trading account, and its standard and pro accounts are both commission-free. Standard accounts allow you to trade shares for up to 1:30 leverage and start with a low minimum deposit of 0.35 pips. Both accounts are offered on request and are available in several countries. To sign up for an account, simply fill out an application online. Once approved, you must undergo a due diligence process.
XTB offers a number of account types and is easy to use. For individuals, a demo account is available for four weeks for free and credits you with 100k virtual funds. Corporate accounts are also available. The registration process is straightforward, and should take no more than 15-20 minutes.
Saxo Markets offers a great range of tools for traders. You can create an interactive chart, select from 50 technical indicators, and use a number of editing tools. You can also use an automated trading signal tool based on technical indicators. Autochartist is also supported, and you can use an economic calendar and news feed. There are numerous order types available, and you can set a range of time limits for your trades.
Saxo Markets offers three account tiers, depending on the amount of money you want to invest. The first tier is free, while the second tier is limited to people aged 18 or over. The broker is regulated by the Financial Conduct Authority, which is responsible for monitoring the industry. It is also covered by the Financial Services Compensation Scheme, which covers losses on investments. Its investors are entitled to PS85,000 in compensation should they lose money.
IG has a great range of trading options available, including CFDs on global stocks, currency trading, and options trading on US stocks. It also offers a personalized news section tailored to your account traits, and you can copy trading ideas from experts with IG’s PIA First and Autochartist integrations. You can also learn more about the stock market with IG’s multi-day articles and videos.
IG’s account opening process is quick and easy. Registration takes no more than 5 to 10 minutes. After completing the form, you will be able to verify your identity with an additional security question and answer. You’ll also have to provide some proof of residency, like a utility bill or bank statement.
eToro is a well-known trading platform that launched under the RetailFX brand in 2007. It claims to have 13 million registered users worldwide. When you are choosing a broker, make sure to read about their commission structure, regulation and profile to find the one that’s right for you.
eToro has a number of features to make trading as easy as possible. For example, eToro allows you to use CFDs (Contract For Difference). These types of trading do not involve actual purchases or sales of the asset. Instead, they allow you to enter a contract with eToro for the price and direction of the asset. Once the asset reaches the price you set for it, you can close the trade and settle the difference.
eToro is also unique because of the social trading platform it offers. This platform allows you to copy successful investors and invest using their strategies. eToro also rewards its successful users with additional money. Their popular investor programme pays up to 2% of their assets under management.
When looking for a broker, make sure you find one that offers low commissions. You can choose from $0 to $29 and more than 17,000 no-transaction-fee mutual funds. You can also transfer your funds to another broker without incurring transfer-out fees. Interactive Brokers also offers solid research resources and phone and chat support.
Interactive Brokers also offers a wide range of investment accounts, including a general investment account. However, they don’t offer a regulated pension or ISA allowance. Nonetheless, they are regulated by the Financial Conduct Authority, and your deposits are protected under the Financial Services Compensation Scheme.
If you want to trade stocks and options without incurring a commission, you can try Interactive Brokers. The site is easy to use and features 24 hour customer service. Its software has a wealth of information to help you make sound investment decisions. In addition, it offers a free demo account to help you test your strategies without risking real money. You can also get advice from a financial adviser before deciding which broker to use.