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1,000 hours each year testing and researching online brokers. You support us through our independently chosen links, which may earn us a commission. This does not impact our completely unbiased research, which is respected by broker executives as the most thorough on the web. We spend more than one thousand hours testing online brokerage accounts every year. Choosing the right share dealing account is a critical decision for any UK investor. Since each UK trader has their own unique strategies, preferences, and needs, we have assessed the top 10 brokers currently available to invest online with. 100 hours assessing different share dealing accounts for buying shares online in the UK.
In total, 124 individual variables were assessed to find the best broker. Best Share Dealing Accounts Here are the top share dealing accounts for buying shares online in the UK. Founded in 1974 and respected as one of the most trusted brokers in the world, IG has been offering share dealing since 2014, providing traders low costs, quality trading tools, and access to over 9,000 shares across the globe. Saxo Capital Markets provides a brilliant all-around share trading experience for UK residents. 86 billion under management and over 1,000,000 clients. DEGIRO, known for its low cost trades, provides investors a diverse offering of products and a clean trading platform.
The best share dealing account for you will depend on whether you are a frequent trader or casual investor, and whether you have a small or large portfolio. Some brokers offer discounted rates for more frequent trading, whilst others charge flat fees. Similarly, some charge holding fees that depend on the size of the account, whilst others have a flat overall fee structure. When considering any share dealing account on fees and commissions alone, first identify what type of trader or investor you are.
Is your portfolio large enough for management charges to be an important consideration? On average, how many trades do you place each month? Do you invest primarily in stocks, funds or other asset classes? To help, read our detailed commission notes for each broker. You can also compare brokers side by side using the comparison tool. Overall, there may be a tradeoff between price and quality of service that you are willing to make, or maybe not.
For many traders and investors in the modern trading environment, the trading and charting platform is a key element in decision making. Whether traders are deciding which stocks or funds to invest in or trade, whether to go long or short in these markets, or the price at which to enter trades, they tend to rely significantly on their trading platform. Saxo Capital Markets tops our review of platforms and tools, with IG close behind. Practically all the trading platforms in our review are web based, but many are increasingly becoming mobile based as well. UK online share dealing accounts offer rudimentary charting platforms. However, the top providers that head our list for platforms and tools are attempting to provide a more advanced service, akin to what is on offer in the USA. The design is the cleanest I’ve observed in the UK.
Because Saxo clients can trade different products across multiple global exchanges, Saxo uses colored icons for quick identification. The world of share dealing and investing encompasses a wide variety of asset classes across the global markets. This broad-spectrum ranges from long-term investments in mutual funds and government bonds to share dealing and CFDs, among others. In our UK review, we have focused on the full range of offerings.
Our top pick, Hargreaves Lansdown, shines for its extremely diverse offering of investments. Hargreaves Lansdown’s clients have access to a variety of asset classes including individual stocks and shares, funds, investment trusts, government and corporate bonds, ETFs, CFDs, and spread betting services. Research is a key area for any online broker trying to differentiate itself from its competitors. With third parties providing much of the data for the research content, companies that offer comprehensive in-house research as well as a user-friendly interface are clearly way ahead of their peers who don’t. 1 pick for fundamental research is Interactive Investor. For technical analysis research, we found Saxo Capital Markets to be supreme.