The Best UK Brokers For Beginners

Written By: Ehsan Jahandarpour

best uk brokers for beginners

If you are a beginner in the stock market and looking for a broker, then you need to know which brokers offer good services. Some of the best brokers in the UK are eToro, CMC Markets, SaxoTraderGO, and Freetrade. Read on to learn more about these companies.


eToro offers a platform that is user-friendly and suitable for beginners. There are plenty of videos and articles to guide you through the trading process. Its low trading fees are a plus, and it offers a demo account to practice before making a real deposit.

eToro offers low minimum deposit amounts of $10 for new clients, and this is the same for those based in the US. There’s no minimum first deposit for the UK version, but there is a $5 withdrawal fee for using a credit card. You may also be charged for currency conversion.

eToro also offers a CFD trading platform. This allows UK residents to trade the future value of a forex pair without owning the underlying asset. Moreover, the broker offers leverage of 1:20 for majors and 1:20 for minors. This means you could leverage up to 30 times for a major GBP/USD.

CMC Markets

CMC Markets is a regulated broker in the UK and a member of the Financial Conduct Authority. This means that it abides by strict guidelines and ensures fair market practices. While traders will always have a certain degree of risk, CMC Markets’ strict regulations provide them with peace of mind and ensure that all client funds are segregated in regulated banks.

CMC Markets’ website provides educational materials and a chart forum for those who would like to trade. The latter provides a place for traders to ask questions and get assistance from experienced traders. While opening a new account with the broker, new traders will first need to choose the type of account they wish to open. They can choose from a wide range of account types depending on their financial background, asset class, and experience level.


One of the best ways to trade in the UK is using an online trading platform. A good platform should give you access to international markets and include a wide variety of services and instruments to help you analyze potential investments. In addition, a great platform should also offer you access to technical data graphs and charts, as well as trade prediction indicators. Beginners should also look for a platform that charges the lowest commission fees. This way, they can practice trading without risking their own money.

SaxoTraderGO offers a very easy-to-use interface and features a wide variety of tools. Its award-winning webtrader is available on both desktop and mobile devices. SaxoTraderGO includes an extensive charting package and supports manual analysis of assets. It also features a number of equity insights, including third-party TipRanks and SaxoStrats. The platform also supports automated trade signals and more than 40 technical indicators. The platform also offers excellent hedging opportunities.


If you are a beginner looking to make your first trades, Freetrade is a good choice. To open an account, you must sign up on Freetrade’s website, or download the free app for Apple and Android. To register, enter your first name, last name, date of birth, email address, and a verification code. Then, you need to verify your identity with your national ID and passport, or use a 4-digit access code to verify your identity. The app also provides you with the ability to link your UK bank account. This allows you to monitor your personal funds and ensure they’re in order.

Freetrade is regulated by the Financial Conduct Authority, which sets rules for its members to treat customers fairly and protect their money. If you’re not happy with the service you receive, you can lodge a complaint through the platform or through the Financial Ombudsman Service. You’ll also be covered by the Financial Services Compensation Scheme (FSCS) for up to PS85,000 in case of an account loss. Although Freetrade doesn’t offer comprehensive protection, it’s a good option for beginners and has a number of excellent features.

Interactive Brokers

If you’re a newbie investor, Interactive Brokers can help you get started in stock investing. It is one of the largest online brokers in the world and completes millions of trades every day. Its services include trading in over 135 different markets, including cryptocurrencies. Moreover, it boasts competitive rates and clients from more than 200 countries.

In addition to offering a wide selection of financial instruments, Interactive Brokers also offers a free demo account. You can also invest in cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. The costs of using the platform vary, depending on the volume of trading you do per month. In addition, the company does not charge any custody fees or spreads.

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