best online uk trading platform

Saxo Bank A/S is a fully licensed and regulated Danish bank with an online trading platform that empowers you to invest across global financial markets. With so many trading platforms to choose from, finding the best online broker can be a daunting process. To help you narrow your search. 6. Forbes The Best Online Brokers 2021, Dec 10, 2020: Fidelity was ranked No. 1 Best Online Broker out of 21 online trading platforms evaluated in.

: Best online uk trading platform

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Best online uk trading platform -

Regulated trading platforms

Gone are the days when only very few people with huge capital can venture into online trading platforms. These days, it is now possible for all and sundry to participate in currency trading. The internet has changed how things are done these days.

online trading platforms has brought trading opportunities into the homes of so many and this means that virtually anyone can participate in online trading, including those that have very little capital. Things have gotten to a different dimension in such a way that many even make a living from online trading. You too can venture into it today and make a good income from it. The tools you need to venture into online trading are also very easy to get. Online trading can be done on your mobile device these days and this means you will not have to go to the end of the world to get the right tools with which you can start online trading.

List of the Best online trading platforms

Online trading platforms in UK

People from across the globe now participate in online trading today. In fact, there is rarely any country where online trading cannot be done, including the UK. It has shown signs to be a lucrative business and this is one of the reasons why many people cannot resist venturing into it. Despite the incomparable popularity of online trading, so many people still know next to nothing about it. If you belong to the class of individuals that do not know much about online trading, then you will find the details provided here to be helpful in helping you to better understand how online trading works. You can use the information provided here to decide if you should go into it or not. You are about to discover how very easy to is to start trading online and from the comfort of your home.

online trading platforms in UK

What is online trading?

Online trading can be defined as the process of trading in the financial market via the internet. In times past before the advent of the internet, anyone that wanted to participate in financial market trading will have to visit an exchange building to do this. You can either visit the exchange building in person or carry out the transaction by phone call. You will not have to go through such stress anymore these days since you can now participate in online trading right there in the comfort of your home once you have a device that is connected to the internet. You only need to have access to an electronic terminal via which you can carry out all the trading activities. You can either download the terminal or use its web version to carry out online trading activities. Conclusively, the only tools you need before you can start trading in the financial market online are:

  • A computer or mobile device
  • Internet connection
  • Installed trading terminal

How online trading works

Online trading makes it possible for the trader to make deals on the financial market under a few seconds or even less than that. In times past, anyone that wanted to participate in the financial market would have to go through a broker; the case has not changed today. The only difference is that things are now done online. Before you can participate in online trading, you need to register an account with a broker. In fact, the trading terminal will be given to you by the broker with which you have registered.

how online trading works

 

The steps involved in online trading can be summarized as given below:

  • The trader makes up his mind to make a deal. For example, he decides to buy 1000 shares of Microsoft.
  • He visits the trading platform provided by the online trading broker to look for the Microsoft shares he is interested in.
  • He then chooses the particular quantity of the shares he wants to buy and then places an order to purchase the shares.
  • The request to purchase the shares is sent to the broker and the broker will execute the order. To get the order executed, the broker will need to look for a counterparty; that is, a Microsoft shareholder that wants to sell his shares.
  • The broker will take his search for the counterparty to the stock exchange. The deal will be completed once the search is successful.

The trading platform is responsible for doing all these days and this reduces the time it takes to complete a trading order. The entire trading process online is automated fully and can be completed under a few seconds.

Short-trading and leverage

In times past, something like leverage never featured in financial market trading. Things have changed a great deal these days as it is now possible to make use of leverage while placing a trade in the financial market online. In times past, the only fund available to a trader was the fund he had in his account. These days, leverage enables the trader to “borrow” more funds to boost his trading position. Leverage allows the trader to open a large trading position even with a very small amount of money in his trading account. Leverage makes it possible for the private trader to conclude deals that are worth over 100 times more than the capital they have in their online trading accounts.

Check below for how leverage works in online trading

  • The trader wants to buy 100,000 Euros, but he only has $1000 in his trading account.
  • The broker will make available the sum that is required for that particular deal. If the rate for EUR/USD is 1.2000, it means the trader will need $120,000 to buy EUR/USD. The broker provides an adequate amount to make up that minimum amount for the trade.
  • The broker will execute the trade for the trader and the $1000 that the trader has in his trading account serves as a pledge.
  • If the value of EUR/USD rises after the trader has placed the trade, the trader will get a profit. After the trade has closed in profit, the $120,000 will go back to the broker and the $1000 and the profit made from the trade will return to the account of the trader.
  • If the trade goes against the trader, on the other hand, his losses will be limited by his security deposit. If the trade wipes off the entire capital of the trader, the broker will have to close the trade forcibly to avoid further losses.

Leverage makes it possible for the online trader to make use of the short-trading scheme. It enables the trader to purchase assets that worth more than the capital of the trader and will also enable the trader to sell a waste that he does not own. This means that the trader can sell Euros even with the $1000 in his trading account; bear in mind that the only has US dollars and not euro. In this situation, the trader will need to take leverage in euro and not in US dollars.

Types of assets available

Online trading opens the door to so many assets and these assets are available in different categories. Some of the assets are termed as “classic” assets and they have been around for a very long time; some have been around for several hundreds of years. Some other assets came up after the advent of online trading. We are going to discuss each of these assets in this section.

Stocks

The stock market shares remain one of the oldest types you can ever find among online trading assets. It can be defined as a specific share of a big company traded publicly. When participating in the stock market, you can either feature as an investor or a speculator.

  • Speculator: He makes short-term deals in the stock market. His main goal is to buy shares at a low price and then sell back when the price increases or vice versa. A speculator does not concern himself with any other peculiarities. He is only concerned with the difference between the buying and selling prices of the shares.
  • Investor: An investor does not behave like a speculator; he does more than to just buy shares at a low price and resell them when their values rise. What he does is to invest his money into a particular company or business that is offering the stock. His investment is long term in nature.

Cryptocurrencies

Cryptocurrency is the newest of all the assets traded by online traders. It is a digital asset and was created using complex program code. The first among them was bitcoin and it remains the most popular to date. As of today, the number of cryptocurrencies available is over 2000. Many more cryptocurrencies are even coming up.

 

Cryptocurrencies differ from one another and they come with different values, ideologies and structures. Some cryptocurrencies are designed for carrying out financial transactions and they tend to be more confidential, fast and reliable than bank transactions; this does not mean that cryptocurrency transactions do not have their own limitations. Aside from service as means of transactions, cryptocurrencies are also used for making various applications with highly advanced functionality, as well as a wide variety of highly interesting projects.

The prices of cryptocurrencies are dynamic especially because they are tradable assets. As a result of this, you can trade them and make profit from trading. It is possible to speculate about the values of cryptocurrencies and even invest in them; this is because almost all cryptocurrencies have values.

The major difference between cryptocurrencies and shares is the high volatility that occurs in cryptocurrencies.

  • The rate at which shares rise in value per annum may not be more than 20 to 30% per year. In fact, stock investors see such a rise as a very good result.
  • Cryptocurrencies, on the other hand, can rise as high as 200% to 300% per month and can fall by as much as 30% per day. This huge movement is even considered as a norm by cryptocurrency investors.

Currencies

The main asset focused on in Forex trading is currency and the currencies are traded in pairs, like GBP/USD, EUR/USD and so on. Forex trading is carried out in one particular currency relative to another. If you want to buy USD for GBP, for example, you can open a deal to sell GBP/USD

Metals

One other asset you can consider during online trading is Metals. This refers to non-ferrous precious metals and they are very popular. The two most traded among the metals are silver and gold. You can also find brokers that allow the trading of platinum. Other metals that you can trade in are:

Be that as it may, only a limited number of brokers permit their members to trade any of the metals in the list.

Indices

One other asset available for online treading is indices. It is a tool used in the stock market. It is formed by a given number of shares that are combined generally into one category. A very good example is the Nasdaq 100 index and it is made up of shares from the biggest 100 companies found in the high-tech industry traded on Nasdaq.

Aside from Nasdaq, there are several other indexes, some of which are highlighted below:

  • DJ 30
  • S&P 500
  • Nikkei 225

Stocks in the index are usually traded on the same exchange juts like Nikkei 225 and Nasdaq 100. The numbers behind the names, like 225 and 100, represent the number of shares forming the index.

The rate of the index changes in line with the dynamics of the price of the shares from which it is formed. If most of the shares from Nasdaq 100 rise, for example, there will be an increase in the index also. The opposite of this is also true. If, on the other hand, the prices fall, the index rate will decrease also.

Agriculture

This category of assets has to do with items like beans, soybeans, wheat and many other agricultural products. Bear in mind that they are not the most popular of assets and are not as frequently traded as many other assets. One of the factors that make them not so popular is the fact that their prices do not change as other assets like gold. Be that as it may, the fundamental factors dictating the value of agricultural assets are easier to understand than what obtains in other assets like gold or currencies.

Oil and Gas

Oil and gas are great assets preferred by many online traders. They belong to the EPI energy resources category and they are as popular as gold and many other Forex assets. They are second in popularity only to currency pairs.

ETFs

ETFs represent investment funds and have similarities with stock indexes. ETFs stand for the combination of shares and several other shares. The rate of ETF changes according to the change in the rate of its counterparts.

Types of investments

The number of investments is huge and this means that different categories of investors can find something just perfect for their individual needs. Each of the various forms of investments has its specific approach and the trader will have to handle them differently. The contract period, the terms and markets differ and the trader needs to bear this in mind. Check below for some of the most common types of investments.

CFD

CFD means Contract for Difference. It is similar to stock market shares and can be traded at Forex market. Unlike what happens in stock market, CFD traders of not buy or sell shares, but the buy and sell a contact instead. Their profit or loss will be determined by the terms of the contact ad according to the change in price for the share.

The algorithm is as follows:

  • Trader A bought CFD at $10 this means trader B sold CFD at the same price.
  • The price of the share reaches $11.
  • Trader A close the trade and makes $1 while trader B closes the same trade to make a loss of $1.

At the end of the day, both traders get the same amount as profit and loss. Be that as it may, trading CFD will make it possible for the traders to make use of leverage and also aces several other advantages offered by the Forex brokers.

Binary option

A binary option is a very special type of financial instrument in which the trader will need to define how the price of the asset will change in a given period of time. There are three parameters in a standard binary option trade.

Binary trading UK

  • Direction of a change in price
  • Expiration date
  • Transaction volume

Binary options make it possible for the trader to make a big profit even with a very small change in price. The price change is needed by the trader at least one point in the desired direction and remains so until the expiration time. The trader can get between 80 and 90% profit depending on the particular broker involved. Be that as it may, the risk of trading binary options is high. If the price heads in the opposite direction, on the other hand, the trader will record a loss.

If a trader has a capital if say $100, he can open a binary options trade for EUR/USD using the parameters below as an example:

  • Direction chosen: Up
  • Period: 5 minutes
  • Rate: 100 dollars

If the price goes in the desired direction from the starting point even by just a point, the trader can make as much as $80 or $90 in profit. The reverse is the case if the trade goes in the opposite direction, in which case the trader will lose the $100 he staked.

Futures contract

Futures contract is a way to trade items like wheat, palladium or oil in documentary form. The trading does not require the direct exchange of goods for money. When trading futures contract, the seller is involved with the goods delivery to the buyer and this should be done in a particular time frame after the deal has been concluded. The buyer does not really need the actual commodities; rather, he needs the right to the commodities to enable him to make a speculative profit when he trades them. This means that the buyers will sell futures to other traders.

Pros and cons of online trading

Check below for the various merits and demerits of various types of investments; this will help you to determine which is the most profitable among them. CFD remains the most attractive of all the online trading variants. Additionally, the contract for the difference in price is a generic instrument and it will suit both the speculators ad investors.

Pros of online trading

Check below for some of the benefits of participating in online trading

  • It has the potential to yield unlimited income.
  • You can equally determine when you want to work and you will never have to follow any strict rule whatsoever.
  • You can combine online trading with your 9 to 5 job.
  • If you are the type of person that likes analyses, finance and so on, this type of money-making opportunity should be good for you.
  • You do not need a lot of money to start trading online.
  • It will expose you to new experience and constant self-development.

Cons of online trading

  • It exposes you to financial risks.
  • No one will ever share the risk or losses with you since you are your own boss.

How to become a successful online trader

Before you can become a successful trader, you must have an adequate measure of emotional stability and patience. You should also strive to improve yourself and constantly pursue the goal of becoming a better trader. Before you become a good trader, you must not be the type of person that gives up easily. There are some very important steps that every online trader needs to bear in mind so that you can make a lot of profit when you trade online. Some of the points will be discussed below:

  • First of all, you need to create a plan for your online trading. This will help you to decide when it is time to trade and when not to trade. The trading plan should also include your goals, the length of time you want to spend on the trade and so on. You also want to decide if trading will be your main occupation or if it is going to be a temporary endeavor.
  • You should also set up a proper risk management. Both the investment and trading require proper risk management and evaluation beforehand. The risk must be properly assessed even if you are trading a demo account. You should never invest money that you cannot afford to lose. Make sure you properly calculate the risk for each of the trading sessions.
  • You also need to make up your mind about a particular trading style. You need to have a good trading strategy if you are to be a successful trader. You need to decide on a particular method of analysis, the market to involve in, the type of assets to trade and so on. You can even start out with strategy developed by someone else. However, the best way to make profit is to develop your own trading strategy.
  • You should start off trading with a demo account. After you have decided on a particular strategy, you should first try it out on a demo account. You should not start trading from a real account until you have been able to achieve a consistent profit in a demo account.

How to choose an online trading broker

online trading broker

Before you can profit consistently from online trading, then you need to register with an online trading platforms broker and you must ensure that you register with the right one. Before you choose that online trading platforms, you should first find out if it agrees with your learning style, educational needs and investing goals. If you are a newbie, you need to make the right choice among online trading platforms so that you will not end up being frustrated out of the online trading market. In this section, you will learn about how to make the right choice among online trading platforms out there.

What are your needs?

Your investment goals will go a long way to determine the perfect type of broker to go for. Your level of education in online trading can also determine which online trading platforms to choose. If you know next to nothing about online trading, you can go for a broker that offers the following:

  • Basic educational resources
  • Easy access to support staff
  • Comprehensive glossaries
  • Easy access to a free demo account

If you have some level of experience in online trading platforms, you can look for a broker that offers high-level educational tools, opinion-based educational tools and a very good selection of fundamental and technical data. You can also consider advanced charting capabilities, ability to trade derivatives, conditional order options and so on if you are an experienced trader or investor in online trading.

Check for regulation

FCA Regulated platforms

Before you register an account with any of the online trading platforms brokers in the UK, you should first find out if the broker is regulated or not. The UK remains one of the most reputable financial centers in the world today and online trading platforms operating in the UK are regulated by the Financial Conduct Authority (FCA). This body is reliable and any broker regulated by it can be trusted for quality online trading services. Your money will never go missing with such a broker also. The FCA is very serious with its supervisory responsibility and it is undoubtedly one of the most respected authorities in the financial world. So, make sure that the broker is regulated by the FCA before you register with it.

What customers are saying

One other way to know if that broker is the right one for you is by reading reviews about them. The reviews will show you a lot about the broker and help you to decide if it can meet your goals or not. When reading reviews about an online trading platforms, only focus on neutral sources of information so that you can get the right details about the reliability or otherwise of the online trading broker.

You should not register with that online trading platforms is there is no assurance of security for your account. Look for an online trading platforms that offers 2-factor authentication as this will help to protect your account information and keep hackers in check. Some of the security strategies adopted by brokers include the following:

  • Answering security questions
  • Receiving time-sensitive, unique codes via email or text message
  • Using a physical security key that can be slotted into your computer’s USB port.

Some brokers take additional security step by using “cookies” or encryption. You should steer clear of brokers that sell their customer’s information or share it with a third party without consent.

Brokers offering

Before you register with a broker, first find out about the type of accounts that the broker offers. Does the broker offer a retirement account or offer different products to meet different investing goals of its customers? Never also forget to find out what the fee structures are before you register with the broker.

Conclusion

Online trading is highly interesting. It is also one of the most profitable businesses you can ever engage in. its perspective nature makes it unique in all sense of the word. It gives you the utmost freedom and independence to make money and spend your time as you deem fit. Before you can become a successful online trader, however, you need to go through a long and tasking path of learning and working.

A demo account is a must for every newbie that wants to become a successful online trader. The demo account will help you to test your strategies to know if they will deliver the desired result or not. Most brokers offer free demo accounts and also give you free virtual money to start practicing how to trade online. You only need to look for a reliable broker that will not take advantage of you and this can best be done by reading reviews about the broker before you register there to trade online.

Источник: https://www.onlinetradingplatforms.co.uk/

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Winner Low Cost Brokerage

Best Low-Cost Brokerage


2020 Handelsblatt Award (Germany):
Best Online Broker - Germany

Sehr Gut (Very Good)

Top 10 – for serving Active Traders

Top 10 – for serving Wealthy Traders

Top 10 – for serving Occasional Traders


2020 Fund Intelligence Technology & WSL Awards:
WLS Award

Best Broker-Dealer Client Service.

WSL Award

Best Futures Trading Broker


2020 CompareForexBrokers Award: Read the full article
CompareForexBrokers Award

Top Singapore Spot Currency Broker for 2020.

NerdWallet Award

Best MAS Regulated ECN Broker for 2020.


2019 Barron's Best Online Brokers: Read the full article
Interactive Brokers was Rated #1 - Best Online Broker - 2019 by Barron's

Interactive Brokers was Rated #1 - Best Online Broker – 2019

Interactive Brokers was rated "Best for Mobile Traders"

Interactive Brokers was rated "Best for International Traders"

Interactive Brokers was rated "Best for Frequent Traders"


2019 Preqin Service Providers: Read the full article
Interactive Brokers reviews: 2019 Preqin Awards
  • Interactive Brokers was Rated "Top Performing Broker"
Interactive Brokers reviews: 2019 Preqin Awards
  • Interactive Brokers was Rated "Top Performing Custodian"

2019 CardRate.com Online Brokers: Read the full article
Interactive Brokers reviews: 2019 CardRate.com
  • Editor's ChoiceTM Award Top low cost-broker

2019 Stockbrokers.com: Read the full article

2019 Investopedia: Read the full article

Included among its industry peers as a trusted source of online broker reviews.


2019 Benzinga Best Online Brokers: Read the full article
Interactive Brokers reviews: 2019 Benzinga Awards Canada - Interactive Brokers earned 4 out of 5 stars

Interactive Brokers earned 4 out of 5 stars.

  • Interactive Brokers was rated "Best for Spot Currency Traders".
  • Interactive Brokers was rated "Best for Professional Traders".
  • Interactive Brokers was rated "Best for Frequent Traders".

2019 Benzinga Best Online Brokers in Canada: Read the full article
Interactive Brokers reviews: 2019 Benzinga Awards Australia - Interactive Brokers earned 4 out of 5 stars

Interactive Brokers earned 4 out of 5 stars and was rated "Best Overall".

  • Interactive Brokers was rated "Best for Spot Currency Traders".
  • Interactive Brokers was rated "Best for Professional Traders".
  • Interactive Brokers was rated "Best for Frequent Traders".

2019 Benzinga Best Online Brokers in Australia: Read the full article
Interactive Brokers reviews: 2019 Benzinga Awards - Interactive Brokers earned 4 out of 5 stars

Interactive Brokers earned 4 out of 5 stars and was rated "Best Overall".

  • Interactive Brokers was rated "Best for Advanced International Traders".

2019 ForexBrokers.com: Read the full article

2019 Fund Technology and WSL Awards
Interactive Brokers reviews: 2019 Fund Technology and WSL Awards - Best Broker-Dealer Futures

Winner 2019 "Best Broker-Dealer Futures".


2019 Canstar Awards
Canstar Outstanding Value for Traders

Interactive Brokers earned a 5-star rating for "Outstanding Value for Traders".

Canstar Outstanding Value for Active Investors

Interactive Brokers earned a 5-star rating for "Outstanding Value for Active Investors".


2019 BrokerChooser: Read the full article
BrokerChooser 2019 Best Online Broker award

Interactive Brokers was rated in 2019 for "Best Online Broker".


2019 NerdWallet Award
NerdWallet Award

Interactive Brokers was rated "Best for Active Investors" in the "Best Broker for Stock Trading" category.


2019 Investors Business Daily Awards
Investors Business Daily

Interactive Brokers was ranked #1 in 2019 for "Low Commission and Fees".

Interactive Brokers was ranked #1 in 2019 for "Mobile Trading Platform / Apps".

Interactive Brokers was ranked #1 in 2019 for "Range of Products".

Interactive Brokers was ranked #1 in 2019 for "Website Security".



2019 HFM Technology Awards
HFM Technology 2019 award

Interactive Brokers was ranked "#1 Best Application for Mobile / Remote Working".


2019 HFM European Hedge Fund Services Awards
HFM European 2019 award

Interactive Brokers was rated in 2019 for "Best Prime Broker – Technology".


2019 CompareForexBrokers Award
CompareForexBrokers Award

Top Singapore Currency Broker for 2019.


2018 Barron's Awards: Read the full article
Interactive Brokers reviews: 2018 Barrons Award

Interactive Brokers earned an overall rating of 4.5 in 20181 and Rated #1 - Best Online Broker.

Interactive Brokers reviews: 2018 Barrons Award

Interactive Brokers earned a rating of 4.5 in 20181 for "Best for Options Traders".

Interactive Brokers reviews: 2018 Barron's Award

Interactive Brokers earned a rating of 4.6 in 20181 for "Lowest Cost".

Interactive Brokers reviews: 2018 Barron's Award

Interactive Brokers earned a rating of 4.9 in 20181 for "Best Portfolio Analysis and Reports".

Interactive Brokers reviews: 2018 Barron's Award

Interactive Brokers earned a rating of 4.7 in 20181 for "Best Trading Experience and Technology".

Interactive Brokers reviews: 2018 Barrons Award

Interactive Brokers earned a rating of 4.5 in 20181 for "Best for Frequent Traders".

Interactive Brokers reviews: 2018 Barron's Award

Interactive Brokers earned a 4.8 in 20181 for "Range of Offerings".


2018 Stockbrokers.com: Read the full article
Interactive Brokers reviews: 2018 Stockbrokers.com Awards - rated #1 in 2018 for Commissions and Fees

Interactive Brokers was rated #1 in 2018 for "Commissions and Fees".

Interactive Brokers reviews: 2018 Stockbrokers.com Awards - rated #1 in 2018 for Offering of Investments

Interactive Brokers was rated #1 in 2018 for "Offering of Investments".

Interactive Brokers reviews: 2018 Stockbrokers.com Awards - rated #1 in 2018 for Active Trading

Interactive Brokers was rated #1 in 2018 for "Active Trading".

Interactive Brokers reviews: 2018 Stockbrokers.com Awards - rated #1 in 2018 for International Trading

Interactive Brokers was rated #1 in 2018 for "International Trading".

Interactive Brokers reviews: 2018 Stockbrokers.com Awards - rated Best in Class in 2018 for Platforms & Tools

Interactive Brokers earned a "Best in Class" rating in 2018 for "Platforms & Tools".

Interactive Brokers reviews: 2018 Stockbrokers.com Awards - rated Best in Class in 2018 for Mobile Trading

Interactive Brokers earned a "Best in Class" rating in 2018 for "Mobile Trading".

Interactive Brokers reviews: 2018 Stockbrokers.com Awards - rated Best in Class in 2018 for Order Execution

Interactive Brokers earned a "Best in Class" rating in 2018 for "Order Execution".

Interactive Brokers reviews: 2018 Stockbrokers.com Awards - rated Best in Class in 2018 for Options Trading

Interactive Brokers earned a "Best in Class" rating in 2018 for "Options Trading".

Interactive Brokers reviews: 2018 Stockbrokers.com Awards - rated Best in Class Overall in 2018

Interactive Brokers earned a "Best in Class Overall" rating in 2018".


2018 ForexBrokers.com: Read the full article
ForexBrokers.com #1 Professionals

Interactive Brokers was rated: #1 Professionals

ForexBrokers.com 5 out of 5 Stars for Offering of Investment

Interactive Brokers earned 5 out of 5 Stars for: Offering of Investment

ForexBrokers.com Best in class - Mobile Trading

Interactive Brokers was rated: Best in class - Mobile Trading


2018 Fund Technology and WSL Awards
Interactive Brokers reviews: 2018 Fund Technology and WSL Awards - Best trading platform overall

Winner 2018 "Best trading platform overall".

Interactive Brokers reviews: 2018 Fund Technology and WSL Awards - Best options trading platform - broker

Winner 2018 "Best options trading platform - broker".


2018 CTA Intelligence US Services Award
CTA Intelligence US Services Award - Best FCM - Technology

Winner 2018 "Best FCM - Technology".


2018 HFM Week US Hedge Fund Services Awards
Winner 2018 - Best Mobile Application

Winner 2018 "Best Mobile Application".

Winner 2018 - Best Prime Broker - Technology and Innovation

Winner 2018 "Best Prime Broker".


2018 Stocks & Commodities Awards
Interactive Brokers reviews: Stocks and Commodities Award

Winner 2018 Stock Brokerage.2

Winner 2018 Futures Brokerage.2

Winner 2018 Spot Currency Brokerage.2

Winner 2018 Institutional Platforms.2


2018 Canstar Award
Canstar Award

Interactive Brokers earned a 5 star rating for "Outstanding Share Trading"


2018 NerdWallet Award
NerdWallet Award

Interactive Brokers was rated "Best for Active Investors" in the "Best Broker for Stock Trading" category.


2018 Investors Business Daily Awards
Investors Business Daily

Interactive Brokers was ranked #1 in 2018 for "Low Commission and Fees".


19th Annual Globe and Mail Online Broker Ranking
Globe and Mail

Interactive Brokers grade: B+


2018 Surviscor Award
Surviscor Award #1 in 2018 Best Mobile Brokerage Experience

Interactive Brokers was rated #1 in 2018 "Best Mobile Brokerage Experience"


2017 Barron's Awards:
Interactive Brokers reviews: Barrons Award

Interactive Brokers earned an overall rating of 4.5 in 20171.

Interactive Brokers reviews: Barron's Award

Interactive Brokers earned a rating of 4.5 in 20171 for "Best for Options Traders".

Interactive Brokers reviews: Barron's Award

Interactive Brokers earned a rating of 4.2 in 20171 for "Lowest Cost".

Interactive Brokers reviews: Barron's Award

Interactive Brokers earned a rating of 4.9 in 20171 for "Best Portfolio Analysis and Reports".

Interactive Brokers reviews: Barron's Award

Interactive Brokers earned a rating of 4.7 in 20171 for "Best Trading Experience and Technology".

Interactive Brokers reviews: Barron's Award

Interactive Brokers earned a rating of 4.5 in 20171 for "Best for Frequent Traders".

Interactive Brokers reviews: Barron's Award

Interactive Brokers earned a 4.7 in 20171 for "Range of Offerings".


2017 Stockbrokers.com: Read the full article
Interactive Brokers reviews: 2017 Stockbrokers.com Awards - Lowest Commissions and Fees

Interactive Brokers was rated #1 in 2017 for "Commissions and Fees".

Interactive Brokers reviews: 2017 Stockbrokers.com Awards - Best for International Trading

Interactive Brokers was rated #1 in 2017 for "International Trading".

Interactive Brokers reviews: 2017 Stockbrokers.com Awards - Best for Active Trading

Interactive Brokers was rated #1 in 2017 for "Active Trading".

Interactive Brokers reviews: 2017 Stockbrokers.com Awards - 5 stars - Options Trading

Interactive Brokers earned a 5 star rating in 2017 for "Options Trading".

Interactive Brokers reviews: 2017 Stockbrokers.com Awards - 5 Stars - Order Execution

Interactive Brokers earned a 5 star rating in 2017 for "Order Execution".

Interactive Brokers reviews: 2017 Stockbrokers.com Awards - 5 Stars - Active Trading

Interactive Brokers earned a 5 star rating in 2017 for "Active Trading".

Interactive Brokers reviews: 2017 Stockbrokers.com Awards - Best in Class - Offering of Investments

Interactive Brokers earned a "Best in Class" rating in 2017 for "Offering of Investments".

Interactive Brokers reviews: 2017 Stockbrokers.com Awards - Best in Class - Active Trading

Interactive Brokers earned a "Best in Class" rating in 2017 for "Mobile Trading".


2017 Fund Technology and WSL Institutional Awards
Interactive Brokers reviews: 2017 Fund Technology and WSL Institutional Awards - Best Broker-Dealer Futures

Winner 2017 "Best Broker-Dealer Futures".

Interactive Brokers reviews: 2017 Fund Technology and WSL Institutional Awards - Best Broker-Dealer Options

Winner 2017 "Best Broker-Dealer Options".


2017 HFM Week US Hedge Fund Services Awards
Interactive Brokers reviews: Winner 2017 US Hedge Fund Services Awards

Winner 2017 "Best Prime Broker - Technology".


2017 CTA Services Awards
Interactive Brokers reviews: Winner 2017 CTA US Services Awards - Best FCM - Technology

US Winner 2017 "Best FCM - Technology".

Winner 2017 CTA European Services Awards - Best FCM - Technology

European Winner 2017 "Best FCM - Technology".



2016 Barron's Awards: Read the full article
Interactive Brokers reviews: Barrons Award

Interactive Brokers earned an overall rating of 4.5 in 20161.

Interactive Brokers reviews: Barrons Award

Interactive Brokers earned a rating of 4.5 in 20161 for "Best for Options Traders".

Interactive Brokers reviews: Barrons Award

Interactive Brokers earned a rating of 4.2 in 20161 for "Lowest Cost".

Interactive Brokers reviews: Barrons Award

Interactive Brokers earned a rating of 4.6 in 20161 for "Best Portfolio Analysis and Reports".

Interactive Brokers reviews: Barrons Award

Interactive Brokers earned a rating of 4.5 in 20161 for "Best Trading Experience and Technology".

Interactive Brokers reviews: Barrons Award

Interactive Brokers earned a rating of 4.5 in 20161 for "Best for International Traders".

Interactive Brokers reviews: Barrons Award

Interactive Brokers earned a rating of 4.5 in 20161 for "Best for Frequent Traders".

Interactive Brokers reviews: Barrons Award

Interactive Brokers earned a 4.4 in 20161 for "Range of Offerings".


2016 WSL Institutional Awards
Interactive Brokers reviews: WSL Institutional Award

Winner 2016 "Best Options Trading Platform - Broker".

Winner 2016 "Best Broker-Dealer Futures".


2016 HFM Week US Hedge Fund Services Awards
Interactive Brokers reviews: 2016 HFM US Hedge Fund Services Awards

Winner 2016 "Best Prime Broker - Start-ups".


2016 CTA European Services Awards
Interactive Brokers reviews: Winner 2016 CTA European Services Awards

Winner 2016 "Best Trading and Technology".



2015 Barron's Awards
Interactive Brokers reviews: Barrons Award

Interactive Brokers earned an overall rating of 4.5 in 20151, the highest star rating awarded by Barron's.

Interactive Brokers reviews: Barrons Award

Interactive Brokers earned a rating of 4.5 in 20151 for "Best for Options Traders".

Interactive Brokers reviews: Barrons Award

Interactive Brokers earned a rating of 4.6 in 20151 for "Lowest Cost".

Interactive Brokers reviews: Barrons Award

Interactive Brokers earned a rating of 5.0 in 20151 for "Best Portfolio Analysis and Reports".

Interactive Brokers reviews: Barrons Award

Interactive Brokers earned a rating of 4.8 in 20151 for "Best Trading Experience and Technology".

Interactive Brokers reviews: Barrons Award

Interactive Brokers earned a rating of 4.5 in 20151 for "Best for International Traders".

Interactive Brokers reviews: Barrons Award

Interactive Brokers earned a rating of 4.5 in 20151 for "Best for Frequent Traders".

Interactive Brokers reviews: Barrons Award

Interactive Brokers earned a 4.0 in 20151 for "Range of Offerings".


2015 FX Week Award: Read the full article
Interactive Brokers reviews: FX Week Award

Winner 2015 "Best retail FX platform".


2015 CTA US Service Awards
Interactive Brokers reviews: CTA Service Awards

Winner 2015 "Best FCM - Innovation".


2015 WSL Institutional Awards
Interactive Brokers reviews: WSL Institutional Award

Winner 2015 "Best cross-asset trading solution".


2014 Barron's Awards
Interactive Brokers reviews: Barrons Award

Interactive Brokers earned an overall rating of 4.5 in 20141, the highest star rating awarded by Barron's.

Interactive Brokers reviews: Barrons Award

Interactive Brokers earned a rating of 4.5 in 20141 for "Best for Options Traders".

Interactive Brokers reviews: Barrons Award

In the software-based competition, Interactive Brokers is once again ranked low cost broker with a 4.5 in 2014.1

Interactive Brokers reviews: Barrons Award

Interactive Brokers earned a rating of 5.0 in 20141 for "Best Portfolio Analysis and Reports".

Interactive Brokers reviews: Barrons Award

Interactive Brokers earned a rating of 4.8 in 20141 for "Best Trading Experience and Technology".

Interactive Brokers reviews: Barrons Award

Interactive Brokers earned a rating of 4.5 in 20141 for "Best for International Traders".

Interactive Brokers reviews: Barrons Award

Interactive Brokers earned a rating of 4.5 in 20141 for "Best for Frequent Traders".

Interactive Brokers reviews: Barrons Award

Interactive Brokers earned a 3.8 in 20141 for "Range of Offerings".


2014 HFM US Hedge Fund Services Awards
Interactive Brokers reviews: HFM Services Award

Winner 2014 "Best prime broker - technology".


2014 WSL Institutional Awards
Interactive Brokers reviews: WSL Institutional Award

Winner 2014 "Best Broker-Dealer Overall".

Winner 2014 "Best Broker-Dealer Options".


2014 Stocks and Commodities Awards
Interactive Brokers reviews: Stocks and Commodities Award

Winner 2014 Stock Brokerage.2

Winner 2014 Futures Brokerage.2

Winner 2014 Spot Currency Brokerage.2

1st Runner Up 2014 Institutional Platform.2

1st Runner Up 2014 Options Analysis Software.2


2013 Barron's Awards
Barrons Award

Interactive Brokers earned an overall rating of 4.5 in 20131, the highest star rating awarded by Barron's.

Barrons Award

Interactive Brokers earned a rating of 4.0 in 20131 for "Best for Options Traders".

Barrons Award

In the software-based competition, Interactive Brokers is once again ranked low cost broker with a 4.5 in 2013.1

Barrons Award

Interactive Brokers earned a rating of 4.9 in 20131 for "Best Portfolio Analysis and Reports".

Barrons Award

Interactive Brokers earned a rating of 4.5 in 20131 for "Best Trading Experience and Technology".

Barrons Award

Interactive Brokers earned a rating of 4.5 in 20131 for "Best for International Traders".

Barrons Award

Interactive Brokers earned a rating of 4.5 in 20131 for "Best for Frequent Traders".

Barrons Award

Interactive Brokers earned a 4.3 in 20131 for "Range of Offerings".


2013 WSL Institutional Awards
WSL Institutional Award

Winner 2013 "Best Broker-Dealer Options".

Winner 2013 "Best Broker-Dealer Futures".


2013 Stocks and Commodities Awards
Interactive Brokers reviews: Stocks and Commodities Award

Winner 2013 Stock Brokerage.2

Winner 2013 Futures Brokerage.2

Winner 2013 Spot Currency Brokerage.2

1st Runner Up 2013 Institutional Platform.2

1st Runner Up 2013 Professional Platform.2

1st Runner Up 2013 Options Analysis Software.2


2013 FOW International Awards
Interactive Brokers reviews: FOW International Award

Best Innovation by a Bank, Broker or FCM.


2013 FOW Awards for Asia
Interactive Brokers reviews: FOW Award for Asia

FX Broker of the Year.


2012 Barron's Awards
Interactive Brokers reviews: Barrons Award

Interactive Brokers earned an overall rating of 4.5 in 20121, the highest star rating awarded by Barron's.

Interactive Brokers reviews: Barrons Award

In the software-based competition, Interactive Brokers is once again ranked low cost broker with a 4.5 in 2012.1

Interactive Brokers reviews: Barrons Award

Interactive Brokers earned a rating of 5.0 in 20121 for "Best Portfolio Analysis and Reports", the highest star rating awarded by Barron's.

Interactive Brokers reviews: Barrons Award

Interactive Brokers earned a rating of 4.6 in 20121 for "Best Trading Experience and Technology", the highest star rating awarded by Barron's.

Interactive Brokers reviews: Barrons Award

Interactive Brokers earned a rating of 4.5 in 20121 for "Best for International Traders", the highest star rating awarded by Barron's.

Interactive Brokers reviews: Barrons Award

Interactive Brokers earned a rating of 4.5 in 20121 for "Best for Frequent Traders".

Interactive Brokers reviews: Barrons Award

Interactive Brokers earned a 4.3 in 20121 for "Range of Offerings".


2012 WSL Institutional Awards
WSL Institutional Award

Winner 2012 "Best Broker-Dealer Options".

Winner 2012 "Best Use of Technology Broker-Dealer".


2012 Stocks and Commodities Awards
Stocks and Commodities Award

Winner 2012 Stock Brokerage.2

Winner 2012 Futures Brokerage.2

Winner 2012 Spot Currency Brokerage.2

1st Runner Up 2012 Institutional Platform.2

1st Runner Up 2012 Options Analysis Software.2


2011 Barron's Awards
Barrons Award

In the software-based competition, Interactive Brokers is once again ranked low cost broker with a 4.5 in 2011.1

Barrons Award

Interactive Brokers earned a 4.0 in 20111 for "Research Amenities", the highest star rating awarded by Barron's.

Barrons Award

Interactive Brokers earned a rating of 4.5 in 20111 for "Best for Frequent Traders".

Barrons Award

Interactive Brokers earned a rating of 4.5 in 20111 for "Best for International Traders", the highest star rating awarded by Barron's.

Barrons Award

Interactive Brokers earned an overall rating of 4.5 in 2011.1


2011 Stocks and Commodities Awards
Interactive Brokers reviews: Stocks and Commodities Award

Winner 2011 Stock Brokerage.2

Winner 2011 Futures Brokerage.2

Winner 2011 Spot Currency Brokerage.2

1st Runner Up 2011 Institutional Platform.2

1st Runner Up 2011 Professional Platform.2

1st Runner Up 2011 Options Analysis Software (Trader Workstation 4.0).2


2011 Trade2win Awards
Interactive Brokers reviews: Trade2win Award

Gold (1st prize) for "Best Equities Broker".

Gold for "Best Futures Broker".

Gold for "Best Spot Currency Broker".

Gold for "Best Options Broker".

Gold for "Best Mobile Trading Application".

Gold for "Best Software for Options Traders".

Interactive Brokers reviews: Trade2win Award

Silver (2nd Prize) for "Best Realtime Data Feed".


2010 Stocks and Commodities Awards
Stocks and Commodities Award

Winner 2010 Stock Brokerage.2

Winner 2010 Futures Brokerage.2

Winner 2010 Spot Currency Brokerage.2

Winner 2010 Options Analysis Software (Trader Workstation 4.0).2

1st Runner Up 2010 Institutional Platform.2

1st Runner Up 2010 Professional Platform.2


2010 Trade2win Awards
Trade2win Award

Gold (1st prize) for "Best Stockbroker".

Gold for "Best Spot Currency Broker".

Gold for "Best Futures Broker".

Gold for "Best Options Broker".

Trade2win Award

Silver (2nd Prize) for "Best Software for Options Traders".


2009 Barron's Awards
Barrons Award

In the software-based competition, Interactive Brokers is once again ranked lowest cost broker with a 4.5 in 20091 the highest star rating awarded by Barron's.

Barrons Award

Interactive Brokers earned a 4.7 in 20091 for "Research Amenities", the highest star rating awarded by Barron's.

Barrons Award

Interactive Brokers earned a rating of 4.5 in 20091 for "Best for Frequent Traders".

Barrons Award

Interactive Brokers earned a rating of 4.5 in 20091 for "Best for Options Traders".

Barrons Award

Interactive Brokers earned a rating of 4.0 in 20091 for "Best for International Traders".

Barrons Award

Interactive Brokers earned an overall rating of 4.0 in 2009.1


2009 Stocks and Commodities Awards
Stocks and Commodities Award

Winner 2009 Stock Brokerage.2

Winner 2009 Futures Brokerage.2

Winner 2009 Spot Currency Brokerage.2

Winner 2009 Options Analysis Software (Trader Workstation 4.0).2

1st Runner Up 2009 Institutional Platform.2

1st Runner Up 2009 Professional Platform.2


2008 Barron's Awards
Barrons Award

In the software-based competition, Interactive Brokers is once again ranked lowest cost broker with a 4.5 in 20081 the highest star rating awarded by Barron's.

Barrons Award

Interactive Brokers earned a 4.7 in 20081 for "Research Amenities", the highest star rating awarded by Barron's.

Barrons Award

Interactive Brokers earned a rating of 4.5 in 20081 for "Best for Frequent Traders".

Barrons Award

Interactive Brokers earned a rating of 4.5 in 20081 for "Best for Options Traders".

Barrons Award

Interactive Brokers earned a rating of 4.0 in 20081 for "Best for International Traders".

Barrons Award

Interactive Brokers earned an overall rating of 4.0 in 2008.1


2008 Stocks and Commodities Awards
Stocks and Commodities Award

Winner 2008 Stock Brokerage.2

1st Runner up 2008 Futures Brokerage.2

Winner 2008 Direct Access Futures Brokerage.2

Winner 2008 Direct Access Stock Brokerage.2

Winner 2008 Spot Currency Brokerage.2


2008 Money Am Award
Money Am

Interactive Brokers won the 2008 best online options provider.


2007 Barron's Awards
Barrons Award

In the software-based competition, Interactive Brokers is once again ranked lowest cost broker with a 4.8 in 2007.1

Barrons Award

Interactive Brokers earned an overall rating of 4.5 in 20071, the highest star rating awarded by Barron's.


2007 Stocks and Commodities Awards
Stocks and Commodities Award

Winner 2007 Stock Brokerage.2

Winner 2007 Spot Currency Brokerage.2

Winner 2007 Direct Access Futures Brokerage.2

1st Runner up 2007 Direct Access Stock Brokerage.2

1st Runner up 2007 Futures Brokerage.2


2007 Trade2win Awards
Trade2win Award

Gold (1st prize) for "Best Professional Trading Platform".

Gold for "Best Software for Options Traders".

Gold for "Best Stockbroker".

Gold for "Best Direct Access Broker".

Gold for "Best Futures Broker".

Gold for "Best Options Broker".

Trade2win Award

Bronze (3rd Prize) for "Best Realtime Data Feed".

Bronze for "Best Spot Currency Broker".


2007 Investors Chronicle Award
Investors Chronicle

Interactive Brokers won the 2007 readers poll award for best international stockbroker for lowest cost.


2006 Barron's Awards
Barrons Award

In the software-based competition, Interactive Brokers again earned the only 5-star rating for cost in 2006.1

Barrons Award

Interactive Brokers earned an overall rating of 4.5 in 20061, the highest star ranking awarded by Barron's.


2006 Stocks and Commodities Awards
Stocks and Commodities Award

Winner 2006 Best Stock Brokerage.2

Winner 2006 Best Spot Currency Brokerage.2


2006 Trade2win Awards
Trade2win Award

Gold (1st prize) for "Best Professional Trading Platform".

Gold for "Best Software for Options Traders".

Gold for "Best Portfolio Management Software".

Gold for "Best Stockbroker".

Gold for "Best Direct Access Broker".

Gold for "Best Futures Broker".

Gold for "Best Options Broker".

Trade2win Award

Silver (2nd Prize) for "Best Realtime Data Feed".


2005 Barron's Awards
Barrons Award

In the software-based competition, Interactive Brokers again earned the only 5-star rating for cost in 2005.1

Barrons Award

Interactive Brokers earned the top Barron's overall rating with 4.5 stars in 2005.1


Disclosures
  1. Interactive Brokers earned top ratings from Barron's for the past eleven years. A 5.0 star rating, February 26, 2021, February 21, 2020. A 4.5 star rating February 22, 2019, March 26, 2018, March 20, 2017, March 23, 2016, March 21, 2015, March 17, 2014, March 11, 2013, March 14, 2012 and March 14, 2011 Barron's Best Online Brokers. Criteria included Trading Experience and Technology, Usability, Mobile, Range of Offerings, Research Amenities, Portfolio Analysis & Reports, Customer Service, Education and Security, and Costs. Supporting documentation for claims and statistical information will be provided upon request. Barron's is a registered trademark of Dow Jones & Company, Inc.
  2. Technical Analysis of Stocks & Commodities logo and award are trademarks of Technical Analysis, Inc.

The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed income can be substantial. Options are not suitable for all investors. For more information read the "Characteristics and Risks of Standardized Options". For a copy click here.

Your capital is at risk and your losses may exceed the value of your original investment.

Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Reference Number 208159.

Interactive Brokers LLC is regulated by the US SEC and CFTC and is a member of the SIPC (www.sipc.org) compensation scheme;
products are only covered by the UK FSCS in limited circumstances.

Before trading, customers must read the relevant risk disclosure statements on our Warnings and Disclaimers page.

For a list of IBG memberships worldwide, click here.

Источник: https://www.interactivebrokers.co.uk/en/index.php?f=40118

Compare The Best Trading Platforms In The UK

Assumptions

The calculations above are based on the following scenarios:

  1. £20,000 lump sum (a year's ISA allowance)
  2. £100,000 lump sum (if you have some ISAs from previous years and are transferring in)

We also assume that you will make 12 ad hoc deals in the same year.

A deal is either one of buying or selling an investment. It is also called a trade. 

We use the colours green, amber, and red to indicate how expensive or cheap a share dealing platform is compared to the others. The cheapest share dealing platforms are coloured green, the more expensive ones red, and the others amber.

Keep in mind that a platform showing up as green doesn't make it the best trading platform for you as cheap doesn't always equal good. Some of the more expensive trading platforms could have a wider variety of stocks, bonds, funds, ETFs, etc., depending on what you are looking for.

If you are investing small amounts and choose to go with the cheapest share dealing platform for that amount, note that some of the more expensive share dealing platforms become cheaper as your pot increases. Consider Interactive Investor and Halifax Share Dealing, for example.

Additionally, we show the costs which apply to the first year only. It is important to mention this because, with trading platforms like iWeb, your charges reduce after the first year. Whereas with platforms like EQi, your charges might increase after the first year.

Finally, for each online stock broker listed in our stocks and shares ISA comparison table, your money is protected by the Financial Services Compensation Scheme (FSCS).

If you have questions, please ask the community.

Frequently Asked Questions

1. Which trading platform is best for beginners in the UK?

Here are some of the best trading platforms for beginners in the UK:

  • Interactive Investor - One free trade per month; lots of research and tips
  • Stake - Free trading; fractional shares; analyst ratings
  • eToro - 0% Commission on real stocks; fractional shares; cryptocurrencies
  • DEGIRO - Cheap share dealing; 200 commission-free ETFs
  • AJ Bell Youinvest - Mid-price range; lots of ideas, insights and tips
  • Freetrade - Free trading; fractional shares

2. What is the best trading platform in the UK?

Here are some of the best trading platforms in the UK:

  • Interactive Investor - One free trade per month; lots of research and tips
  • eToro - 0% Commission on real stocks; fractional shares; cryptocurrencies
  • Hargreaves Lansdown - Lots of research, insights and tips
  • Freedom24 - IPO stocks at initial price; Over 1,000,000 instruments
  • Fineco Bank - No platform fee; cheap share dealing + promo
  • XTB - Speedy execution; market order depth; trading academy

Use our comparison table above to get a sense of how each platform charges for regular investing and ad hoc share trading.

3. Where can I invest with little money?

Most investment platforms will allow you to start investing with as little as £25. Some even go lower. Freetrade, for example, allows you to start trading in the stock market with as little as £2.

4. What is a brokerage account?

A brokerage account is a taxable investment account used to buy and sell assets such as stocks, shares, bonds, funds and other investments. In the UK, a brokerage account is the same as a General Investment Account (GIA). Other types of accounts which you can use to buy and sell investments are Stocks and Shares ISA and Lifetime ISAs. You can transfer money in and out of your brokerage account just like a bank account.

5. How do I open a brokerage account?

Visit any of the online brokers in the comparison table above and open a General Investment Account (GIA) on their website. With the GIA, you'll be able to buy, sell and hold any investment of your choice.

6. What is a self-select ISA?

A self-select ISA is a type of investment ISA that gives you the freedom to choose the specific investments that make up your portfolio. And depending on the provider you choose, you'll have the option to either select individual investments and manage your portfolio yourself or choose from a range of ready-made portfolios. 

Self-select ISAs providers are also called Do-It-Yourself (DIY) investment platforms. 

ISAs are entirely tax-free.

7. What types of assets can be held within a self-select ISA?

When you open a self-select ISA with an online trading platform, you can invest in a range of assets, including:

  • Stocks and shares,
  • Funds,
  • Gilts,
  • Bonds,
  • Investment trusts,
  • Units trusts,
  • Exchange-Traded Funds (ETFs),
  • Open-Ended Investment Companies (OEICs), and
  • Structured products.

8. How do I open a self-select ISA?

Use our investment platform comparison tool above to select the best trading platform for you. Then visit the platform's website to apply for an account. Once your account is open, you will be able to choose investments and start building your portfolio. 

If you need help choosing investments, some trading platforms in the table above offer ready-made portfolios and financial advice. Financial advice typically attracts an extra charge.

9. What are the advantages of a self-select ISA?

  • You have the freedom to choose the specific investments that make up your portfolio.
  • You get greater control over the design and management of your portfolio.
  • Your entire portfolio and the dividends received in it are free of capital gains and additional income tax.
  • You pay no advice fee.

10. What are the disadvantages of a self-select ISA?

  • It can be quite risky for inexperienced investors.
  • You need to keep up to date with the markets, which can be tedious and time-consuming. 

If you are unsure about choosing a self-select ISA, it might be worth seeking independent financial advice from a suitably qualified financial adviser.

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Credits

  1. The Lang Cat
  2. Gov.uk

Источник: https://www.koody.co/investing/compare-best-trading-platforms-uk

Finding the best trading platform in Europe can be a tricky task. With so many different types of brokers and exchanges to choose from these days, it can be more than difficult to find the platform that best fits your trading needs.

Selecting a good trading platform can make or break your portfolio. It pays to choose one carefully. To make things easier, I compared several of the top trading platforms available in Europe. I laid out the best ones below, along with some key points and benefits and drawbacks.

I believe in a neutral market where people should trade what they like based on careful research. For this reason, I selected the best trading platform for traditional assets classes like stocks, ETFs, indices, options, and forex. But I also included the top ones for cryptocurrency trading. Now among the top 15 market caps worldwide, it would be unfair to exclude Bitcoin and Ethereum still.

Without further ideological discussion, let’s take a deep dive into this year’s ranking of the best trading platforms in Europe.

The best trading platforms in Europe

Here are the best trading platforms in Europe for stocks, crypto, ETFs, and options, based on years of research:

  • Interactive Brokers: Best overall trading platform in Europe and best for trust
  • eToro: Best for $0 commission stocks and crypto
  • DEGIRO: Best for stocks and €0 commission ETFs
  • XTB: Best day trading platform in Europe and best for forex trading
  • AvaTrade: Best for mobile trading and trading protection
  • Firstrade: Best option trading platform in Europe

Remember, trading can be rewarding but is not without risk. Ultimately, you must determine which trading platform and strategy is best for you.

Featured partners

IBKR: Best overall
IBKR: Best overall

Products: Stocks, ETFs, Options
Specials: Margin loans from 0.5%, access to 135 exchanges
Min. deposit: €0
Promotion: Free trial
Capital at risk.

AvaTrade: Best for mobile
AvaTrade: Best for mobile

Products: Stocks, Crypto, Options
Specials: Protect trades from loses
Min. deposit: €100
Promotion: Free trial
71% of retail CFD accounts lose money

eToro: Best for $0  stocks
eToro: Best for $0 commission

Products: Stocks, ETFs, Crypto
Specials: $0 commission stocks
Min. deposit: From $50
Promotion: $100,000 free trial
68% of retail CFD accounts lose money

Interactive Brokers: Best overall and best for trust

After years of thorough research, I believe Interactive Brokers offers the best overall trading platform for Europeans as it has something for users of all levels. Interactive Brokers is a clear winner for everyday investors and active traders due to its 40+ years of history, strong capital position, low fees and commissions, a spectacular range of products, and its unmatched suite of sophisticated trading tools.

Special offer: Trade with zero monthly inactivity fees, no account minimums, and access to over 150 exchanges worldwide.

IBKR was founded in 1978 and has grown to become the largest U.S.-based brokerage in terms of daily trades, with 797,000 orders executed per day. Moreover, IBKR is the best regulated broker in the world, with licenses from 11 financial authorities across the globe, including the US Securities and Exchange Commission and the UK’s Financial Conduct Authority.

Highlights

  • Available in most European countries
  • Ultralow trading fees and commissions
  • Trusted with $9 billion in equity capital and a history of 40+ years
  • Supports 23 currencies
  • Extremely wide range of global stocks, ETFs, options, futures, and currencies
  • Rock-bottom low margin interest rates for active traders
  • Regulated by 11 financial authorities

Things to keep in mind

  • Platforms are not very intuitive for beginners
  • Payment options are limited to bank transfers

IBKR is an excellent choice for retail investors who want to trade international stocks, exchange-traded funds, and bonds with a reputable broker. IBKR offers the beginner-friendly web-based Client Portal and the IBKR Mobile app that is easily navigated and clubbed with dozens of features.

Furthermore, IBKR is excellent for day trading, options trading, and futures trading in Europe, thanks to its rock-bottom margin rates, tiered pricing system, and multiple order types. Key among its advanced offerings is the flagship desktop software, the Traders Workstation. With highly customizable features, this scary but mighty goliath is superb for technical analysis.

For any user, beginner or professional, who values a secure broker with a proven track record and wants a large number of tradeable instruments, it’s safe to say IBKR is the number one candidate to go ahead with.

What you need to know

  • Who it’s for:Interactive Brokers is a winner for investors who value trust, reputation, and safety due to its long history and regulatory licenses. Moreover, IB is fantastic for active traders thanks to its ultralow commissions and fees, sophisticated platforms, numbers of tools, and a vast selection of global markets across 150 exchanges.
  • Tradable assets: Widest range, including stocks, ETFs, forex, options, futures, CFDs, cryptocurrency ETNs.
  • Fees: IB charges around $0.0005 to $0.0035 with a min. of $0.35 and a max of 1% per stock trade on US exchanges; for EUR-denominated stocks/ETFs, fees are 0.015% to 0.05%, with a min. of €1.25; spot forex and currency exchange fees range from 0.08 to 0.20 basis points; no inactivity fees; other additional fees may apply.
  • Trading platform: European customers get access to IBKR’s web-based Client Portal trading platform, IBKR Mobile app, and the professional Trader Workstation platform. All three are considered some of the best available.
  • Regulation: IBKR is regulated by 11 financial authorities in total. Besides the US SEC, these include four European licenses from the UK’s FCA, Luxembourg’s CSSF, Ireland’s CBI, and Hungary’s MNB.

eToro: Best for commission-free stocks and best for cryptocurrency trading

eToro offers one of the most popular trading platforms available in Europe.

Please note: This content is not intended for US users.

With over 15 million users worldwide, eToro joins the ranking as a great all-around broker for commission-free stock trading and cryptocurrencies, as well as for social trading. Since its launch in 2007, eToro has expanded significantly over the years and is now regulated by multiple top-tier authorities, including the FCA in the UK, CySEC in Cyprus, the ASIC in Australia.

For regular investors, eToro offers zero-commission stock and ETF trades for EU and UK clients. At the same time, traders get access to around 100 cryptocurrency-fiat pairs, a unique social trading experience, and the ability to short around 2,000 financial instruments.

Special offer: Try with $100,000 in virtual funds

We do not endorse Contracts for Differences (‘CFDs’), but we are required to provide the following disclaimer: 68% of retail investor accounts lose money when trading CFD’s with this provider.

With their proprietary trading platform, eToro makes a serious effort to give users a social trading experience and offers the ability to automatically mimic the trading decisions and portfolios of other traders through copytrading. You can also practice trades with the free, $100K demo account before staking real money.

Highlights

  • Zero-commission real stocks and ETFs for EU and UK investors
  • 1 million GBP/EUR additional portfolio insurance for EU and UK clients
  • Large selection of cryptocurrencies
  • Auto-copy trading strategies of others
  • Beginner-friendly web and mobile trading platform
  • Accepts multiple payment methods

Things to keep in mind

  • High pips for forex trading
  • Currency exchange fee
  • Operates trades in USD exclusively
  • $5 withdrawal fee

In a bid to attract long-term equity investors, eToro has joined the race to slash several fees to zero, offering commission-free stocks and ETFs for EU and UK citizens, with markups, no ticket fees, and no management fees.

Crypto traders enjoy a regulated environment with a full selection of cryptocurrency pairs, spreads from only 0.75% for Bitcoin, and their own wallet with private keys. Coins are tradable as real assets or as CFDs.

UK residents should note that cryptocurrency trading at eToro is not available to them due to FCA restrictions. In addition, cryptocurrency trading is also not available to residents of France (including French Territories), the Netherlands, and Russia.

What you need to know

  • Who it’s for: Buy-and-hold investors who want to invest commission-free or cryptocurrency traders. Furthermore, eToro is excellent for copying the trades of other eToro investors across thousands of instruments
  • Tradable assets: Wide range, including stocks, ETFs, cryptocurrencies, commodities, forex; most assets can be traded with leverage (except crypto) in long or short directions or traded automatically through copy trading
  • Fees: $0 commission trading fees on real stock and ETFs (only EU and UK clients); no commissions on crypto trades, but eToro charges a spread from around 0.75% (BTC) to 2.45% (XLM); inactivity fee after 12 months of not logging in; $5 withdrawal fee; exchange and other additional fees may apply
  • Trading platform: eToro’s proprietary platforms for web and mobile offer low complexity and are easy to navigate, even for beginners
  • Regulation: eToro (Europe) Ltd. is regulated by the Cyprus Securities Exchange Commission (CySEC License No. 109/10), the UK’s Financial Conduct Authority (FCA Licence No. FRN 583263), and the Australian Securities and Investments Commission. Interestingly, eToro offers additional free insurance protection for EU and UK investors

Risk warning

eToro is a multi-asset platform that offers both investing in stocks and crypto assets as well as trading CFD assets.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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.

Cryptoassets are volatile instruments that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework.

Past performance is not an indication of future results. Your capital is at risk.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

Other fees may apply. For more information, visit etoro.com/trading/fees.

DEGIRO: Best stock and ETF trading platform in Europe

DEGIRO - European discount stock broker

German-Dutch DEGIRO is the standout choice among European investors who want to reduce the costs for stock trading to the bare minimum. DEGIRO offers monthly €0 ETF trades, low-cost stock trading, no maintenance charges, no inactivity fees, no deposit or withdrawal fees, and provides access to over 30 exchanges worldwide. Overall, DEGIRO is a solid option for price-conscious investors with simple trading needs.

Disclaimer: Investing involves risk of loss.

DEGIRO was founded in 2008 and houses over 1,000,000 European clients. DEGIRO has won more than 80 international broker awards, including “Top Rated Overall Investment Platform” by the Financial Times. In early 2021, DEGIRO merged with the German giant flatex to create flatexDEGIRO Bank AG, making it the biggest online execution-only broker in Europe with its own German banking license.

DEGIRO joins the list as one of the best trading platforms in Europe because of its rock-bottom fee schedule (see full price comparison on the website). Charging only £1.75 + 0.022% per stock trade on the LSE, €4.00 + 0.05% on Xetra, and €2 + 0.03% for any ETF, DEGIRO is cheaper than most of its competitors. Clients are also given one commission-free ETF trade per month regardless of the order size. You can find the list of included ETFs and applicable terms here.

Highlights

  • Rock-bottom fees – among the lowest in Europe, according to their website
  • Zero-to-low non-trading fees
  • One monthly fee-free ETF trade
  • Regulated by BaFin, AFM, supervised by DNB, registered with the FCA (UK).
  • Easy-to-operate platform
  • Fast account opening
  • Client funds are kept segregated

Things to keep in mind

  • Limited availability in Eastern Europe
  • Educational material lacks depth
  • No deposits via Credit/Debit Card

DEGIRO redesigned its trading platform last year for an enhanced trading experience and better integration with its mobile app to accommodate the needs of smartphone traders. Though limited to basic instruments, I think DEGIRO satisfies the needs of price-sensitive investors with a long-term buy-and-hold strategy in mind.

What you need to know

  • Who it’s for: Everyday buy-and-hold investors with simple trading needs
  • Tradable assets: DEGIRO focuses on stocks and ETFs, but also offers bonds, European and American options, and futures.
  • Fees: One zero-commission ETF trade per month; no inactivity fee; no deposit or withdrawal fees; currency exchange fee is 0.1% of the total amount; connectivity fees and other additional fees may apply
  • Trading platform: DEGIRO’s trading web platform is extremely intuitive and has a modern clean design; the mobile app has a useful bottom bar for quick navigation, and supports face and touch ID for safe logins
  • Regulation: DEGIRO is regulated under its legal name flatexDEGIRO Bank AG by the German regulator BaFin. In the Netherlands, the Dutch Central Bank (DNB) and Netherlands Authority for the Financial Markets (AFM) both supervise DEGIRO’s activities. Being a bank, DEGIRO is also indirectly regulated by European Central Bank (ECB).

DEGIRO is available in Austria, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Norway, Poland, Portugal, Spain, Sweden, Switzerland, The Netherlands, The United Kingdom

XTB: Best day trading platform and forex broker in Europe

XTB Broker

XTB, one of the largest stock exchange-listed brokers in the world, offers access to a solid number of instruments, including CFDs on over 1,700 stocks and 110 ETFs, as well 48 forex pairs, indices, popular commodities, and cryptocurrencies, with leverage up to 1:30 (as limited by EU regulation).

We do not endorse Contracts for Differences (‘CFDs’), but we are required to provide the following disclaimer: 77% of retail investor accounts lose money when trading CFDs with this provider.

Known as a reputable and transparent company, XTB is registered with multiple financial authorities in Europe, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Polish Financial Supervision Authority.

UK residents should note that cryptocurrency trading at XTB is not available to them anymore due to FCA restrictions.

Highlights

  • Some of the best spreads on FX and indices
  • Zero fees for deposits and free credit card deposits
  • Regulated by the FCA and the CySEC
  • Long track record (since 2002)
  • Publicly traded company
  • Fast order execution
  • Top-notch Trading Academy and free live webinars

Things to keep in mind

  • The mix between real equity and CFDs can be confusing
  • High fees for CFD stock trading
  • Spreads vary depending on the country

XTB has low fees overall, although these vary by account type. For Standard Account holders, commissions are included in the spread for forex, indices, commodities, and cryptocurrencies, while fees for CFDs on stocks and ETFs start from 0.08% per lot. Forex spreads start from 0.1 pips for popular pairs like EURUSD / GBPUSD / EURGBP/ with a minimum of 0.35 per trade.

What you need to know

  • Who it’s for: European day traders and forex traders. As of 2021, XTB now offers commission-free real stocks and ETFs to eligible European nationalities
  • Tradable assets: Multiple types, primarily CFDs on forex, currencies, cryptocurrencies, but starting this year also real stocks and ETFs
  • Fees: XTB advertises commissions from 0.08% per lot for stock and ETF CFDs with a min. of €8 per trade, and a min. spread of 0.5; zero commissions on cryptocurrency trades, but a varying spread applies; no minimum deposit; no deposit fee; no withdrawal fee for withdrawals above $100; €10 inactivity fee after 12 months; other fees may apply
  • Trading platform: XTB’s proprietary xStation and xStation Mobile platforms have a modern look and feel, one-click trading, news feeds, and offer quick access to set market, limit, and stop orders.
  • Regulation: XTB is a publicly-traded company and regulated in the U.K. and registered with the Financial Conduct Authority (License No. FRN 522157) as well as the Polish Financial Supervision Authority (KNF), and the Cyprus Securities and Exchange Commission (License No.169/12).

The brokerage firm sets itself miles apart from competitors when it comes to training materials and client support. Its extensive, free-to-use library holds in-depth video courses with supplementary text, graded into levels of difficulty or topic.

We do not endorse Contracts for Differences (‘CFDs’), but we are required to provide the following disclaimer: 77% of retail investor accounts lose money when trading CFDs with this provider.

XTB’s own xStation 5 delivers a beginner-friendly but powerful trading experience in a modern interface, with market sentiments, advanced charting, live trader statistics, 29 drawing tools, and 34 technical indicators for analysis.

Avatrade: Best trading app

AvaTrade is a long-standing online broker praised for its variety of market selections and solid customer service. AvaTrade was established in 2006 and is one of the oldest brokerages around.

AvaProtect is among the special features worth highlighting. AvaProtect is a risk management tool that allows you to protect your trades against losses. You pay a small fee, but AvaTrade will reimburse you for losing trades up to one million dollars in exchange.

Both the web-based and mobile trading platforms are excellent so that traders can trade on their schedule from anywhere at any time. Their platforms offer powerful tools such as copy trading, stocks, cryptocurrencies, and forex trading.

Seven regulatory bodies across six continents accredit AvaTrade. This includes the UK’s Financial Conduct Authority (FCA), the Japan Securities Agency (JSA), and widely known ones like Australia’s Australian Securities Investments Commission (ASIC).

Firstrade: Best options trading platform in Europe

Firstrade is a US-based multi-asset broker that accepts European clients from eligible countries. Firstrade offers free stock trades from the US market but stands out because it allows foreign customers to trade American-style options with $0 contract fees and $0 commissions.

Special offer: Trade US stocks & options with zero commissions or contract fees.

Firstrade has been around since 1985 and is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Regardless of where they live, all customers are protected through the US Securities Investor Protection Corporation (SIPC), which covers against loss up of registered assets up to $500,000 or $250,000 for cash.

Highlights

  • $0 commission stock, ETF, and options trades
  • The ability to trade options in Europe with $0 contract fees
  • Streamlined trading experience across web and mobile
  • An excellent educational section on option trading

Things to keep in mind

  • No support for markets outside the US
  • Only accepts USD wire transfers
  • Customer support is only available Mon – Fri, 8:00am – 6:00pm US Eastern Time

You can trade on the web-based platform or the smartphone applications for iOS or Android. To manage gains or losses, you can easily set order stops, limits, OCOs, trailing stops, and guaranteed stops.

What you need to know

  • Who it’s for: Europeans who want to trade US options with zero commissions
  • Tradable assets: US stocks, options, bonds, funds
  • Fees: $0 per stock trade; $0 contract fees for options trades; margin rates from 4.5% to 8.75% (as of May 13, 2021); $0 inactivity fee; $0 maintenance fee; $0 minimum deposit; $0 withdrawal fee for ACH transfers, but international wire transfers cost $35
  • Trading platform: Firstrade’s web application runs on a fairly outdated design albeit functional; the mobile app was recently reworked into a modern design and offers a much better trading experience
  • Regulation: Firstrade is regulated by the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Interestingly, Firstrade offers international accounts high account protection of up to $500,000 through the Securities Investor Protection Corporation (SIPC), of which $250,000 may be in cash.

Firstrade is available in: Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Ireland, Italy, Norway, Poland, Portugal, Spain, Sweden, United Kingdom

More platforms to consider

Fusion Markets: Best Discount Forex Broker for Europeans

Fusion Markets

Founded by a group of veteran forex traders, Fusion Markets has entered the industry with significantly lower prices than its competitors. It earns our top spot for discount forex trading by offering clients a great package of cut-price spreads on popular currency pairs, zero fees for deposits, withdrawal, or maintenance, and a white-glove onboarding service for all new customers.

Visit Fusion Markets

59% of retail investor accounts lose money when trading CFDs with this provider

Fusion Markets provides a comprehensive selection of instruments, including 90 forex pairs, commodities, CFDs on indices, and cryptocurrencies. It leverages the industry-standard MetaTrader 4 software, and its accompanying browser-based WebTrader, with 0.02 ms order execution, customizable charts, and 50+ indicators.

As part of a growing trend, the firm offers spreads starting from 0.00 pips for most currency pairs, but also for metals, commodities, and a couple of crypto-fiat pairs.

The average spreads for popular pairs like EUR/USD, USD/JPY, GBP/USD, and AUD/USD are among the lowest in the market, with just 0.12, 0.14, 0.59, and 0.22 respectively. Commission rates are also surprisingly low, with one Standard Lot (Volume 1.0 on MT4) of Forex & Precious Metals costing only EUR €4.05 per round-turn.

All in all, Fusion Markets presents a great broker choice for European forex traders with some experience thanks to its highly competitive pricing schedule and integration with MT4.

Pros:

  • Highly competitive pricing
  • Regulated by the Australian Securities and Investments Commission (ASIC)
  • Uses MetaTrader 4
  • Zero fees for deposits, withdrawals, and maintenance
  • White glove onboarding
  • Accepts European clients
  • Digital account opening
  • Credit/Debit Card deposits
  • Demo account

Cons:

  • Not suitable for beginners
  • Limited educational materials
  • Narrow range of products

TradeStation Global

Important: Tradestation Global is temporarily unavailable to EU residents due to Brexit.

Best for: Experienced investors and professionals

TradeStation Global is an introducing broker to Interactive Brokers (UK), one of the largest and most trusted online brokerages in the world. Regulated by the FCA and founded in 2004, TradeStation Global is the European branch of the TradeStation Group that has been operating since 1982.

  • Users are legal clients of Interactive Brokers (one of the world’s largest brokers)
  • Access to all IB tools and markets
  • Low equity fees
  • Regulated by the FCA

TradeStation Global provides European traders with a universal Interactive Brokers’ account with low monthly fees, allowing them to trade an enormous arsenal of equities, forex, futures, commodities, cryptocurrencies, and a ton of financial derivatives. You get direct access to all the world’s major and minor stock exchanges in Europe, North and South America, and Asia-Pacific, including over 10,000 ETFs, 100 forex pairs, and 60,000 bonds at extremely competitive prices.

Visit TradeStation Global

Disclaimer: Your capital is at risk.

When you open an account with TradeStation Global, you get all the benefits of Interactive Brokers, including access to all IB platforms, tools, and educational materials. Pricing for trades is very attractive, with US Stocks starting from 0.007 USD per share, EU and UK stocks from 0.12% per order, equity options are as little as 1.50 USD/EUR/GBP per contract, and futures from 1.75 USD or EUR 1.35 per contract.

Pros:

  • Low trading fees (stock and non-trading fees)
  • Access to IB platforms, tools, and resources
  • Unmatched number of financial instruments including equities, forex, futures, ETFs, crypto, options, and more
  • Up to 20 base currencies

Cons:

  • High minimum deposit $1,000
  • Strenuous account opening

LYNX

Based in the Netherlands, Lynx is one of the best online trading platforms in Europe. Lynx is one of the top competing platforms for stock and ETF traders due to the low trading fees. Similar to TradeStation Global, Lynx is an introducing broker to Interactive Brokers. Thus, implying that Interactive Brokers will hold your funds, but Lynx will charge you the necessary fees. The partnership also allows traders to use Interactive Brokers’ trading platforms. Lynx has become a favorable stock broker thanks to its regulation by leading financial authorities.

Pros

  • Has an excellent mobile trading platform
  • Lists a wide range of financial market instruments including cryptocurrencies
  • Low ETF and stock trading fees
  • Several order types available

Cons

  • A high minimum deposit amount (€3,000)
  • Deposit and withdrawal of funds are tough
  • The desktop platform is not user-friendly
  • Doesn’t support credit/debit card payment options
  • Limited security protocols
  • No price notifications

Swissquote

This is a Swiss banking group that specializes in providing online financial trading services. Swissquote Holdings AG is listed on the SIX Swiss Exchange, making it a reliable stockbroker. The Financial Conduct Authority (FCA) in the UK regulates Swissquote. They provide traders’ access to FX pairs, stocks, robo-advisory, and more.

Swissquote Pros:

  • Excellent customer service with live chat, phone, and email supports available
  • Accepts both bank transfer and credit card payment options
  • No inactivity fee
  • Grants traders access to numerous financial markets and instruments
  • A demo account is available
  • No minimum deposit amount
  • Supports several base currencies

Swissquote Cons:

  • Offers only fixed spreads
  • High trading fees
  • The trading platform is tough to navigate
  • Extra charges for some research tools
  • FX and robo-advisor accounts have high minimum deposit amounts

Overview: The best trading platforms in Europe compared

BrokerBest forRegulation
eToroCommission-free stocks & ETFs, crypto, & social tradingUK (FCA), EU (CySEC), AU (ASIC)
Interactive BrokersExperienced investors & tradersWorldwide
XTBDay tradingUK (FCA), EU (CySEC)
FirstradeUS optionsUS (SEC, FINRA)
DEGIROEveryday investorsNL (AFM), UK (FCA)

Frequently asked questions

How to choose a trading platform

What is trading?

Trading is a multi-trillion dollar industry that is evolving more rapidly than ever before. In the traditional sense, trading refers to the buying, holding, and selling of financial instruments such as stocks, bonds, commodities, derivatives. Perhaps the biggest change in the evolution of trading is the number of new brokers to choose from, with numerous new service providers cropping up every year.

In terms of quality, Europe not only houses some of the best online trading platforms but the continent also offers some of the finest regulatory standards. Moreover, the increasing competition amongst brokers has led to lower transaction fees, improved customer services, and the availability of more instruments and products to trade in.

However, with more options come more headaches for investors and traders. Accordingly, it has become harder for retail investors and hardened professionals to settle on the best trading platform due to the numerous brokers currently available.

What is a trading platform?

A trading platform is a piece of software used by brokers to enable their clients to place orders on the market. As such, a trading platform is a complex system of code that connects to the global markets through a financial intermediary – the broker.

Trading platforms can be very simple and geared towards beginners, while others are more complex and suitable for advanced and professional traders, offering highly detailed charting and tools for technical analysis.

Most established brokers use one or multiple custom-designed trading platforms that were built to match their brand identity and the needs of their customer base. While new traders usually find it more comfortable to use these, advanced traders mostly prefer independent software applications, such as the MetaTrader, as these are highly customizable.

Which online trading platform is the best for Europeans?

We believe the list we’ve compiled above represents the best trading platforms for Europeans, but there are several other sites that may be more suitable for your personal needs. Regardless of your choice, we recommend you select a broker that is licensed in a tier-one jurisdiction within the European Union.

Despite the increasing number of brokers to choose from, the platforms reviewed in this post offer some of the best services to investors. They have regulated entities with good track records of providing quality services. Still, we recommend you conduct your personal research before you choose a broker.

What is the safest trading platform?

Safety is the number one key criterion for picking a trading platform. Unfortunately, there are many factors that influence whether a broker is considered trustworthy. To start with, the company you pick to trust your money should hold regulatory licenses in multiple highly developed countries and have survived multiple economic recessions. Moreover, the most reliable firms are those that are publicly traded and hold a banking license.

On the service level, you need to check if the broker has a history of poor trade executions. More precisely, see if their prices and charts generally match those of other brokers. Equally important, test small withdrawals and deposits before transferring larger sums of money.

How to choose a trading platform in Europe

How to choose a trading platform in Europe

While choosing the best online trading platform in Europe is a tough task, there are some things you can look out for before making a choice. Here are a few criteria to watch out for.

Overall service level

As a trader, the first thing you should look at is the trading platform the broker operates. The best brokers in Europe operate standard trading platforms that provide traders with various resources such as educational materials, high-end trading tools, tutorials, videos, and a few others.

The tutorials and other educational resources help new traders learn more about the market. For advanced traders, trading tools, market research, and others help them perform to the best they can.

While some brokers charge for some resources, others don’t. Thus, you have to consider what each one is offering and how the prices would affect your overall finances.

Commissions

Trading platforms usually list stocks, ETFs, indices, commodities, cryptocurrencies, and other instruments. The commission for each of the asset classes differs, and as a trader, you have to compare the prices before choosing a broker. For individual stocks, the new trend is zero commission and this is currently practiced by several trading platforms in Europe.

If fee-free trading is what you’re looking for, you can opt for those that offer zero commissions on individual stocks, like eToro which multi-platform trading services. That said, several online brokers in Europe charge no commission when purchasing bonds and ETFs. However, they do charge for options and ETFs.

Account minimum

An important feature to consider is your starting budget. Some of the best online trading platforms in Europe have no set account minimum. However, a few others do, and it can go as high as €500. So, you have to evaluate your options to see if you wish to choose a platform with no account minimum or otherwise.

Account fees

Brokers attach a few account charges such as withdrawal, inactivity, annual, trading platform subscription, research or data, and account closure fees. While it is almost impossible to avoid such fees, you can minimize them. You can go for brokers that have the lowest account fees. This way, you pay less when you conduct significant activities.

Security measures

This criterion has become common knowledge that people rarely consider. But you have to consider the security protocols of the broker before you trade with them. You need to ensure that they’ve put in place adequate protection measures to guard your personal information and funds against hackers.

More frequently asked questions

🤔 How do I choose a trading platform?

Select a licensed and transparent broker with low commissions, fees, and good spreads. Besides costs, compare several brokers for products, markets, trading environments to find the one that suits your needs. If you’re just starting out, prioritize educational resources, and the ability to place demo trades.

⚙️ What trading tools do I need?

While most are fine with trading on desktop, many enjoy the convenience of mobile trading as well. Advanced users should look for detailed real-time charting, news feeds, advanced scanning, hotkeys, virtual trading, watch lists, tools for ladder trading, and more.

💵 Can I start trading with €100?

The short answer is yes. However, the amount you need to start trading depends on the broker you want to use and the investment strategy you plan to follow. Strictly speaking, you trade with €100 / £100 if your broker allows it. Still, any amount of capital will never be properly used if your strategy is not carefully thought through.

📊 What is day trading?

Day trading is the buying and selling instruments within the trading day, with the intent to close all one’s positions before the market closes for the day. As such, day trading involves high technical acumen and demands a high degree of risk-willingness, analytical skills, and objectivity.

❓ What is the difference between trading and investing?

Investing generally means holding assets for a long period of time, whereas trading mostly involves buying and selling products with leverage on a daily basis.

🚄 Is day trading risky?

In general, day trading is considered a speculative, high-risk investment strategy for speculating in securities, as it is mostly done with leverage at high speed.

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Lucas P.

About the author: Lucas P., a pen name for privacy reasons, is an investor, hobby finance writer, and die-hard FIRE enthusiast. Lucas has previously served as editor for a news outlet in his European home country but now spends his time dabbling with traditional and alternative investments. To learn more about Lucas, visit his profile page.

Источник: https://ampleinvest.com/best-trading-platforms-europe/

Trading at Fidelity

1. $0.00 commission applies to online U.S. equity trades, exchange-traded funds (ETFs) and options (+ $ 0.65 per contract fee) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). There is an Options Regulatory Fee (from $0.03 to $0.05 per contract,) which applies to both option buy and sell transactions. The fee is subject to change. Other exclusions and conditions may apply. See Fidelity.com/commissions for details. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Clearing & Custody Solutions® are subject to different commission schedules.

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.

Fidelity Brokerage Services receives compensation from the fund's advisor or its affiliates in connection with a marketing program that includes the promotion of this security and other ETFs to customers ("Marketing Program"). The Marketing Program creates incentives for Fidelity Brokerage Services to encourage the purchase of certain ETFs. Additional information about the sources, amounts, and terms of compensation is in the ETFs prospectus and related documents. Please note that this security will note be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral.

Zero account minimums and zero account fees apply to retail brokerage accounts only. Expenses charged by investments (e.g., funds, managed accounts, and certain HSAs) and commissions, interest charges, or other expenses for transactions may still apply. See Fidelity.com/commissions for further details.

ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses.

2.

Margin Rates: Effective since 3/18/2020, Fidelity 4.00% for balances over $1,000,000. Effective since 3/23/2020, Schwab 6.575% for debit balances of $250,000 to $499,999.99. Call Schwab for rates on debit balances above $499,999.99, as its rates are not published for anything above this amount. Effective since 3/16/2020, E*Trade 5.45% for debit balances over $1,000,000; Effective since 3/20/2020, TD Ameritrade 7.50% for debit balances of $250,000 to $499,999.99. Call TD Ameritrade for rates on debit balances above $499,999.99, as its rates are not published for anything above this amount. Fidelity's current base margin rate is 7.075%.

Margin trading entails greater risk, including, but not limited to, risk of loss and incurrence of margin interest debt, and is not suitable for all investors. Please assess your financial circumstances and risk tolerance before trading on margin. Margin credit is extended by National Financial Services, Member NYSE, SIPC.

3. Based on aggregate savings on all Fidelity equity, options & ETF orders in FY 2020. Data sourced from all marketable SEC Rule 605 equity/ETF orders (100-9999 shares) and marketable option orders (1-100 contracts) executed in 2020. Source: IHS Markit. Details at Fidelity.com/priceimprovement.

4.

StockBrokers.com 2021 Online Broker Review, January 19, 2021: Fidelity was ranked No. 1 for Order Execution and No. 1 for Fractional Shares out of 11 online brokers evaluated in the StockBrokers.com 2021 Online Broker Review.

5.

Kiplinger’s magazine, August 2020 Online Broker Survey. Fidelity was ranked No. 1 overall out of eleven online brokers. Results based on ratings in the following categories: Commissions and fees, Investment choices, Mobile app, Tools, Research, Advisory services and User experience. Also named Best for Investment choices, Tools and Advisory services in the 2020 survey.

6.

Forbes The Best Online Brokers 2021, Dec 10, 2020: Fidelity was ranked No. 1 Best Online Broker out of 21 online trading platforms evaluated in the Forbes 2021 Online Broker Review.​

7.

Fidelity now offers the Fidelity ZERO Total Market Index Fund (FZROX), Fidelity ZERO International Index Fund (FZILX), Fidelity ZERO Large Cap Index Fund (FNILX), and Fidelity ZERO Extended Market Index Fund (FZIPX) available to individual retail investors who purchase their shares through a Fidelity brokerage account.

Fractional share quantities can be entered out to 3 decimal places (.001) as long as the value of the order is at least $1.00. Dollar-based trades can be entered out to 2 decimal places (e.g. $250.00).

Any screenshots, charts, or company trading symbols mentioned are provided for illustrative purposes only and should not be considered an offer to sell, a solicitation of an offer to buy, or a recommendation for the security.

System availability and response times may be subject to market conditions.

Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.

Before investing in any mutual fund or exchange-traded fund, you should consider its investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully.

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917

Источник: https://www.fidelity.com/trading/overview

Electronic trading platform

An electronic trading platform is a piece of computer software that allows users to place orders for financial products over a network with a financial intermediary. These products include products such as stocks, bonds, currencies, commodities, and derivatives. The first widespread electronic trading platform was Nasdaq, an American stock exchange. The availability of such trading platforms to the public has encouraged a surge in retail investing.[1]

These platforms are available on mobile devices, but may provide a website counterpart or Application Programming Interface (API).

Historic development[edit]

Before the advent of electronic trading, person-to-person trades were made on physical exchanges for centuries in the U.S.[2] The NYSE was by far the most prominent of these exchanges and operated on open outcry, which was a system of hand signals and verbal communication used by participants to place trades. In 1971, Nasdaq was created by the National Association of Securities dealers and operated entirely electronically on a computer network.[3] It rapidly gained popularity and by 1992, it accounted for 42% of trade volume in the US.[4] With the advent of electronic financial markets, electronic trading platforms were also soon launched. In 1992, Globex became the first electronic trading platform to reach the market.[5]E*Trade, a company that started as an online brokerage service, soon also launched its own platform aimed at the consumer.[6] These platforms rapidly gained popularity with E*Trade's growth rate at 9% per month in 1999.[6]

Effects on Latency[edit]

As of 2007, a broker could not fulfill an order flow without some electronic technology involved.[7] The accessibility of trading outside of a floor trading center has drastically increased the amount of market participants who are not a part of the financial industry. These participants, or retail traders, grew to account for 25% of the stock market's activity in 2020.[1]

With investors not needing to visit a floor exchange such as the NYSE, trade execution over longer-range networks has caused discrepancies in trading speed.[8] The travel of data over the Internet, incurring many network switches, also brings on additional time delays.[8] The trade of a stock closer to market central computers in the NYC area executes 2.8% faster than one outside of the NYC area.[8] A trade in the NYC area experiences a bid-ask spread 0.75 cents lower than one outside NYC, reducing aggregated costs significantly.[8]

This encourages traders within the NYC area to adopt strategies that harness their advantage of speed.[8] Some exchanges offer co-location: the benefit of executing trading algorithms near large central computers remotely.[8] Co-location's demand quickly grew for trading organizations. From 2008 to 2010 alone, NASDAQ's co-location business grew 25%, and companies began executing fully automated trades to take advantage of the reduced latency.[8]

Regulations[edit]

Information reporting[edit]

In 1995,[9] the U.S. Securities and Exchange Commission (SEC) promulgated Rule 17a-23, which required any registered automated trading platform to report information including participants, orders, and trades every quarter.[10] Requiring platforms to comply with enhanced pre- and post-trade transparency requirements has provided a stronger incentive for users to trust electronic trading platforms.[8]

Order Handling Rules[edit]

Market fragmentation[10] led some Nasdaq market makers on Instinet to quote prices that were better than their own quotes on Nasdaq. To address this discrepancy, the SEC introduced the Order Handling Rules in 1996.[10] These rules required stock exchange specialists and Nasdaq market makers to publicly display any price quoted on a proprietary trading system that represented an improvement of their displayed prices.[10] Another Order Handling Rule required a market maker to display the size and price of any customer limit order that either increased size at the quoted price or improved the market maker's quotation.[10]

Decimalization[edit]

Decimalization was instituted in 2001 by the SEC, requiring market makers to value financial instruments by increments of $0.01 as opposed to the previous standard of $.0625.[11] This change significantly lowered margins, providing an incentive for big dealers to utilize electronic management systems, and eventually lead to lowered trading costs.[11]

Features[edit]

Historical Data[edit]

Electronic trading platforms often provide historical data, including graphs, to their customers to inform trading decisions.[12] These graphs can often be expanded to include a wide range of dates, and can be used in a technical analysis of a certain instrument.[12] For example, online brokerage E-Trade provides metrics including analyst recommendations, price targets, income statements, and data on past performance.[13]

Current News[edit]

Trading platforms often provide current news to inform users' decisions of their trades.[12] This can include articles on specific companies, or updated ratings given by independent firms specializing in certain commodities.[12] On some applications, this specialized news allows retail traders to have access to the same information their professional counterparts.[7] Notably, Robinhood features market news for their assets, and sends push notifications close to earning events.[7]

Portfolio Tracking[edit]

Another feature commonly found on trading platforms is the ability to track the user's portfolio, and this can influence trades based on how a trader has been performing.[12] For example, E-Trade displays the assets included in a user's portfolio, and compares them to sample portfolios.[7]

APIs[edit]

Electronic trading platforms also commonly provide Application Programming Interfaces (APIs) that allow users to execute trades, view current and historical data, and evaluate trading performance.[14] These APIs are often used with algorithmic trading strategies.[14]

Controversies[edit]

Robinhood[edit]

One of the most famous controversies involved the GameStop short squeeze, where thousands of retail investors attempted to short squeeze the GameStop stock.[15] Due to alleged concern about the harms of short-term volatility, Robinhood halted the purchase of the GameStop stock.[16] The trading platform's ability to halt the purchase or the sell of a specific stock proved controversial, as the subsequent reduction in volume can cause a stock's price to swing in a platform's favor.[15]

Dark Pool Trading[edit]

Dark pools are private exchanges for trading commodities such as stocks and bonds that aren't accessible to the public, and offer secrecy surrounding trade execution.[17]Barclays and Credit Suisse were fined $154M in 2014 for allowing high-frequency traders to exploit the dark pool exchanges on their trading platform.[17] The controversy arose when Barclays and Credit Suisse told clients that it was monitoring their platforms for high-speed traders, but in reality permitted “the most aggressive and predatory high-speed traders”.[17] Credit Suisse ended up paying $24.3 million in disgorgement to repay losses.[17]

Alt Exchange Controversies[edit]

The electronic cryptocurrency exchange Binance has been under investigation by the U.S. in 2021 for money-laundering and tax evasion.[13] The DOJ and IRS believe that Ripple used Binance to finance illegal international activities.[7]

The SEC indicted the cofounder and current CEO of Ripple Labs, Inc. for raising over 1.3 billion dollars through the sale of the digital asset XRP in an unregistered securities offering. The director of the SEC alleged that the businessmen "deprived potential purchasers of adequate disclosures about XRP and Ripple's business and other important long-standing protections that are fundamental to our robust public market system."[18] After the lawsuit was filed, XRP's price fell by 25%.[19]

Design[edit]

Some popular electronic trading platforms today use a simple interface to minimize trading friction. For example, Robinhood, uses a "minimalist" interface and straightforward colors such as green and red to indicate profit/loss. In addition, as described by Robinhood's UI designer, the use of a familiar swipe up gesture to execute trades further reduces trading friction.[7]

In contrast, E*Trade's interface prominently displays metrics such as analyst recommendations, price targets, income statements, and performance. As a result, the user interface is much less minimalist in nature and this increased complexity encourages investors to make trades in a more measured manner.[7]

While Robinhood's low friction approach has been associated with increased trader performance, E*trade's interface appears to engender greater risk management in traders.[7][20]

Algorithmic Trading[edit]

With the development of electronic trading platforms, the bar to entering algorithmic trading has been vastly lowered. Many platforms provide APIs that allow users to place orders directly from their code. These platforms also typically provide methods for algorithm designers to obtain market data. For example, the trading platform Interactive Brokers provides an API for users to obtain market data and place trades from within custom programs.[21] Alpaca is another popular platform specifically designed for algorithmic trading that offers clear documentation for a variety of languages and provide testing functionality in their API.[12]

High Frequency Trading(HFT) is a subset of algorithmic trading that involves buying and selling small deal sizes in a very short amount of time.[4] Traders attempt to make money through short term predictions, arbitrage across different markets, or market making.[4] These strategies naturally benefit from low latency and low execution time; as a result, firms must develop and continually update their own custom trading platforms.[4]

See also[edit]

References[edit]

  1. ^ abMecane, Joseph. "Citadel Securities' Mecane Says Volatility Behind Rise in Retail Investing". Bloomberg.com. Retrieved 6 November 2021.
  2. ^Weber, Bruce W. (2006-05-01). "Adoption of electronic trading at the International Securities Exchange". Decision Support Systems. Economics and Information Systems. 41 (4): 728–746. doi:10.1016/j.dss.2004.10.006. ISSN 0167-9236.
  3. ^"The Death Of The Trading Floor". Investopedia. Retrieved 2021-10-28.
  4. ^ abcdGoldstein, Michael A.; Kumar, Pavitra; Graves, Frank C. (2014-04-07). "Computerized and High-Frequency Trading". Financial Review. 49 (2): 177–202. doi:10.1111/fire.12031. ISSN 0732-8516.
  5. ^"What Is Globex?". Investopedia. Retrieved 2021-10-28.
  6. ^ abWu, Jennifer (June 1999). "Online Trading: An Internet Revolution"(PDF). MIT.
  7. ^ abcdefghChaudhry, Sayan; Kulkarni, Chinmay (2021-06-28). "Design Patterns of Investing Apps and Their Effects on Investing Behaviors". Designing Interactive Systems Conference 2021. Virtual Event USA: ACM: 777–788. doi:10.1145/3461778.3462008. ISBN .
  8. ^ abcdefghWu, Fei (2010-06-10). "Speed, distance, and electronic trading: New evidence on why location matters". Journal of Financial Markets. 13. Retrieved 6 November 2021.
  9. ^"SEC Rules". Securities and Exchange Commission.
  10. ^ abcdeMahoney, Paul G.; Rauterberg, Gabriel V. (2017-04-19). "The Regulation of Trading Markets: A Survey and Evaluation". Rochester, NY.
  11. ^ abKim, Kendall (2010-07-27). Electronic and Algorithmic Trading Technology: The Complete Guide. Academic Press. ISBN .
  12. ^ abcdefde Campos Costa, Allan (2003-05-09). "Critical Success Factors for Stock Brokerage over the Internet: An Exploratory Study in the Brazilian Market under the Perspective of the Investor". AIS Electronic Library. Retrieved 2021-10-25.
  13. ^ ab"Binance Faces Probe by U.S. Money-Laundering and Tax Sleuths". Bloomberg.com. 2021-05-13. Retrieved 2021-11-02.
  14. ^ abSalkar, Tanishq; Shinde, Aditya; Tamhankar, Neelaya; Bhagat, Narendra (2021-06-25). "Algorithmic Trading using Technical Indicators". 2021 International Conference on Communication information and Computing Technology (ICCICT): 1–6. doi:10.1109/ICCICT50803.2021.9510135.
  15. ^ abSmith, Kelly Anne (2021-01-28). "Robinhood Halts GameStop Trading, Angering Lawmakers And Investors". Forbes Advisor. Retrieved 2021-11-05.
  16. ^"Keeping Customers Informed Through Market Volatility". Under the Hood. Under the Hood. 28 January 2021. Retrieved 6 November 2021.
  17. ^ abcd"Barclays and Credit Suisse pay biggest ever fines for dark pool trading". the Guardian. 2016-01-31. Retrieved 2021-11-05.
  18. ^"SEC.gov

    Trading at Fidelity

    1. $0.00 commission applies to online U.S. equity trades, exchange-traded funds (ETFs) and options (+ $ 0.65 per contract fee) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). There is an Options Regulatory Fee (from $0.03 to $0.05 per contract,) which applies to both option buy and sell transactions. The fee is subject to change. Other exclusions and conditions may apply. See Fidelity.com/commissions for details. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Clearing & Custody Solutions® are subject to different commission schedules.

    Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.

    Fidelity Brokerage Services receives compensation from the fund's advisor or its affiliates in connection with a marketing best online uk trading platform that includes the promotion of this security and other ETFs to customers ("Marketing Program"). The Marketing Program creates incentives for Fidelity Brokerage Services to encourage the purchase of certain ETFs. Additional information about the sources, amounts, and terms of compensation is in the ETFs prospectus and related documents. Please note that this security will note be marginable for 30 days from the settlement date, at craigslist visalia homes for rent time it will automatically become eligible for margin collateral.

    Zero account minimums and zero account fees apply to retail brokerage accounts only. Expenses charged by investments (e.g., funds, managed accounts, and certain HSAs) and commissions, interest charges, or other expenses for transactions may still apply. See Fidelity.com/commissions for further details.

    ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses.

    2.

    Margin Rates: Effective since 3/18/2020, Fidelity 4.00% for balances over $1,000,000. Effective since 3/23/2020, Schwab 6.575% for debit balances of $250,000 to $499,999.99. Call Schwab for rates on debit balances above $499,999.99, as its rates are not published for anything above this amount. Effective since 3/16/2020, E*Trade 5.45% for debit balances over $1,000,000; Effective since 3/20/2020, TD Ameritrade 7.50% for debit balances of $250,000 to $499,999.99. Call TD Ameritrade for rates on debit balances above $499,999.99, as its rates are not published for anything above this amount. Fidelity's current base margin rate is 7.075%.

    Margin trading entails greater risk, including, but not limited to, risk of loss best online uk trading platform incurrence of margin interest debt, and is not suitable for all investors. Please assess your financial circumstances and risk tolerance before trading on margin. Margin credit is extended by National Financial Services, Member NYSE, SIPC.

    3. Based on aggregate savings on all Fidelity equity, options & ETF orders in FY 2020. Data sourced from all marketable SEC Rule 605 equity/ETF orders (100-9999 shares) and marketable option orders (1-100 contracts) executed in 2020. Source: IHS Markit. Details at Fidelity.com/priceimprovement.

    4.

    StockBrokers.com 2021 Online Broker Review, January 19, 2021: Fidelity was ranked No. 1 for Order Execution and No. 1 for Fractional Shares out of 11 online brokers evaluated in the StockBrokers.com 2021 Online Broker Review.

    5.

    Kiplinger’s magazine, August 2020 Online Broker Survey. Fidelity was ranked No. 1 overall out of eleven online brokers. Results based on ratings in the following categories: Commissions and fees, Investment choices, Mobile app, Tools, Research, Advisory services and User experience. Also named Best for Investment choices, Tools and Advisory services in the 2020 survey.

    6.

    Forbes The Best Online Brokers 2021, Dec 10, 2020: Fidelity was ranked No. 1 Best Online Broker out of 21 online trading platforms evaluated in the Forbes 2021 Online Broker Review.​

    7.

    Fidelity now offers the Fidelity ZERO Total Market Index Fund (FZROX), Fidelity ZERO International Index Fund (FZILX), Fidelity ZERO Large Cap Index Fund (FNILX), and Fidelity ZERO Extended Market Index Fund (FZIPX) available to individual retail investors who purchase their shares through a Fidelity brokerage account.

    Fractional share quantities can be entered out to 3 decimal places (.001) as long as the value of the order is at least $1.00. Dollar-based trades can be entered out to 2 decimal places (e.g. $250.00).

    Any screenshots, best online uk trading platform, or best online uk trading platform trading symbols mentioned are provided for illustrative purposes only and should not be considered an offer to sell, a solicitation of an offer to buy, or a recommendation for the security.

    System availability and response times may be subject to market conditions.

    Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.

    Before investing in any mutual fund or exchange-traded fund, you should consider its investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully.

    Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917

    Источник: https://www.fidelity.com/trading/overview

    Want in on the GameStop Meme Stock Mayhem? Try These Top Trading Apps

    You've probably heard more about day trading in the past 72 hours than you've ever heard—outside of a rewatch of The Wolf of Wall Street. Capital one credit card phone number to check balance you need to catch up quickly, here's the scoop: Users on the r/wallstreetbets subreddit banded together to purchase shares of long-struggling businesses like GameStop, AMC, and Blackberry, among others. Bolstered by encouragement from the likes of Elon Musk and fellow billionaire tech investor Chamath Palihapitiya, the Redditors used a variety of trading apps and websites to buy shares, driving the price of GameStop stock, for example, from less than $20 on Jan. 1 to $469 on the morning of Jan. 28.

    Where Are We Now?

    Price of the stocks continues how to use amazon locker be extremely volatile, and the stock sites and apps appear to have thrown some cold water on the party, restricting some activity surrounding the hot stocks. As of this morning, Robinhood, TD Ameritrade, and Webull have all taken some action regarding trading and closing on shares of certain stocks targeted by the Reddit users. Robinhood is now facing a class-action lawsuit for blocking GameStop stock purchases. This hasn't stopped many online traders from rushing to the markets, as users reported morning outages via Down Detector while using Cash App, Charles Schwab, and E*Trade services.

    Trade Sensibly, Please

    You may be a little late to capitalize on these particular meme stock surges, but check out our list of stock sites and apps you can use to trade in the future. As with anything involving real money, it's vital that you do your own thorough research and understand how day trading works before getting involved. Some of these sites make it incredibly easy to buy and sell shares, and you could find yourself in over your head faster than you can say "GameStop".

    Editors' Note: PCMag does not provide financial advice.

    Источник: https://uk.pcmag.com/personal-finance/131330/want-in-on-the-gamestop-meme-stock-mayhem-try-these-top-trading-apps?p=1

    Electronic trading platform

    An electronic trading platform is a piece of computer cash cheque online santander that allows users to place orders for financial products over a network with a financial intermediary. These products include products such as stocks, bonds, currencies, commodities, and derivatives. The first widespread electronic trading platform was Nasdaq, an American stock exchange. The availability of such trading platforms to the public has encouraged a surge in retail investing.[1]

    These platforms are available on mobile devices, but may provide a website counterpart or Application Programming Interface (API).

    Historic development[edit]

    Before the advent of electronic trading, person-to-person trades were made on physical exchanges for centuries in the U.S.[2] The NYSE was by far the most prominent of these exchanges and operated on open outcry, which was a system of hand signals and verbal communication used by participants to place trades. In 1971, Nasdaq was created by the National Association of Securities dealers and operated entirely electronically on a computer network.[3] It rapidly gained popularity and by 1992, it accounted for 42% of trade volume in the US.[4] With the advent of electronic financial markets, electronic trading platforms were also soon launched. In 1992, Globex became the first electronic trading platform to reach the market.[5]E*Trade, a company that started as an online brokerage http www warez bb org down, soon also launched its own platform aimed at the consumer.[6] These platforms rapidly gained popularity with E*Trade's growth rate at 9% per month in 1999.[6]

    Effects on Latency[edit]

    As of 2007, a broker could not fulfill an order flow without some electronic technology involved.[7] The accessibility of trading outside of a floor trading center has drastically increased the amount of market participants who are not a part of the financial industry. These participants, or retail traders, grew to account for 25% of the stock market's activity in 2020.[1]

    With investors not needing to visit a tcf digital login exchange such as the NYSE, trade execution over longer-range networks has caused discrepancies in trading speed.[8] The travel of data over the Internet, incurring many network switches, also brings on additional time delays.[8] The trade of a stock closer to market central computers in the NYC area executes 2.8% faster than one outside of the NYC area.[8] A trade in the NYC area experiences a bid-ask spread 0.75 cents lower than one outside NYC, reducing aggregated costs significantly.[8]

    This encourages traders within the NYC area to adopt strategies that harness their advantage of speed.[8] Some exchanges offer co-location: the benefit of executing trading algorithms near large central computers remotely.[8] Co-location's demand quickly grew for trading organizations. From 2008 to 2010 alone, NASDAQ's co-location business grew 25%, and companies began executing fully automated trades to take advantage of the reduced latency.[8]

    Regulations[edit]

    Information reporting[edit]

    In 1995,[9] the U.S. Securities and Exchange Commission (SEC) promulgated Rule 17a-23, which required any registered automated trading platform to report information including participants, orders, and southern company georgia power bill pay every quarter.[10] Requiring platforms to comply with enhanced pre- and post-trade transparency requirements has provided a stronger incentive for users to trust electronic trading platforms.[8]

    Order Handling Rules[edit]

    Market fragmentation[10] led some Nasdaq market used toyota corolla long beach on Instinet to quote prices that were better than their own quotes on Nasdaq. To address this discrepancy, the SEC introduced the Order Handling Rules in 1996.[10] These rules required stock exchange specialists and Nasdaq market makers to publicly display any price quoted on a proprietary trading system that represented an improvement of their displayed prices.[10] Another Order Handling Rule required a market maker to display the size and price of any customer limit order that either increased size at the quoted price or improved the market maker's quotation.[10]

    Decimalization[edit]

    Decimalization was instituted in 2001 by the SEC, requiring market makers to value financial instruments by increments of $0.01 as opposed to the previous standard of $.0625.[11] This change significantly lowered margins, providing an incentive for big dealers to utilize electronic management systems, and eventually lead to lowered trading costs.[11]

    Features[edit]

    Historical Data[edit]

    Electronic trading platforms often provide historical data, on a check what is account number graphs, to their customers to inform trading decisions.[12] These graphs can often be expanded to include a wide range of dates, and can be used in a technical analysis of a certain instrument.[12] For example, online brokerage E-Trade provides metrics including analyst recommendations, price targets, income statements, and data on past performance.[13]

    Current News[edit]

    Trading platforms often provide current news to inform users' decisions of their trades.[12] This can include articles on specific companies, or updated ratings given by independent firms specializing in certain commodities.[12] On some applications, this specialized news allows retail traders to have access to the same information their professional counterparts.[7] Notably, Robinhood features market news for their assets, and sends push notifications close to earning events.[7]

    Portfolio Tracking[edit]

    Another feature commonly found on trading platforms is the ability to track the user's portfolio, and this can influence trades based on how a trader has been performing.[12] For example, E-Trade displays the assets included in a user's portfolio, and compares them to sample portfolios.[7]

    APIs[edit]

    Electronic trading platforms best online uk trading platform commonly provide Application Programming Interfaces (APIs) that allow users to execute trades, view current and historical data, and evaluate trading performance.[14] These APIs are often used with algorithmic trading strategies.[14]

    Controversies[edit]

    Robinhood[edit]

    One of the most famous controversies involved the GameStop short squeeze, where thousands of retail investors attempted to short squeeze the GameStop stock.[15] Due to alleged concern about the harms of short-term volatility, Robinhood halted the purchase of the GameStop stock.[16] The trading platform's ability to halt the purchase or the sell of a specific stock proved controversial, as the subsequent reduction in volume can cause a stock's price to swing in a platform's favor.[15]

    Dark Pool Trading[edit]

    Dark pools are private exchanges for trading commodities such as stocks and bonds that aren't accessible to the public, and offer secrecy surrounding trade execution.[17]Barclays and Credit Suisse were fined $154M in 2014 for allowing high-frequency traders to exploit the dark pool exchanges on their trading platform.[17] The controversy arose when Barclays and Credit Suisse told clients that it was monitoring their platforms for high-speed traders, but in reality permitted “the most aggressive and predatory high-speed traders”.[17] Credit Suisse ended up paying $24.3 million in disgorgement to repay losses.[17]

    Alt Exchange Controversies[edit]

    The electronic cryptocurrency exchange Binance has been under investigation by the U.S. in 2021 for money-laundering and tax evasion.[13] The DOJ and IRS believe that Ripple used Binance to finance illegal international activities.[7]

    The SEC indicted the cofounder and current CEO of Ripple Labs, Inc. for raising over 1.3 billion dollars through the sale of the digital asset XRP in an unregistered securities offering. The director of the SEC alleged that the businessmen "deprived potential purchasers of adequate disclosures about XRP and Ripple's business and other important long-standing protections that are fundamental to our robust public market system."[18] After the lawsuit was filed, XRP's price fell by 25%.[19]

    Design[edit]

    Some popular electronic trading platforms today use a simple interface to minimize trading friction. For example, Robinhood, uses a "minimalist" interface and straightforward colors such as green and red to indicate profit/loss. In addition, as described by Robinhood's UI designer, the use of a familiar swipe up gesture to execute trades further reduces trading friction.[7]

    In contrast, E*Trade's interface prominently displays metrics such as analyst recommendations, price targets, income statements, and performance. As a result, the user interface is much less minimalist in nature and this increased complexity encourages investors to make trades in a more measured manner.[7]

    While Robinhood's low friction approach has been associated with increased trader performance, E*trade's interface appears to engender greater risk management in traders.[7][20]

    Algorithmic Trading[edit]

    With the development of electronic trading platforms, the bar to entering algorithmic trading has been vastly lowered. Many platforms provide APIs that allow users to place orders directly from their code. These platforms also typically provide methods for algorithm designers to obtain market data. For example, the trading platform Interactive Brokers provides an API for users to obtain market data and place trades from within custom programs.[21] Alpaca is another popular platform specifically designed for algorithmic trading that offers clear documentation for a variety of languages and provide testing functionality in their API.[12]

    High Frequency Trading(HFT) is a subset of algorithmic trading that involves buying and selling small deal sizes in a very short amount of time.[4] Traders attempt to make money through short term predictions, arbitrage across different markets, or market making.[4] These strategies naturally benefit from low latency and low execution time; as a result, firms must develop and continually update their own custom trading platforms.[4]

    See also[edit]

    References[edit]

    1. ^ abMecane, Joseph. "Citadel Securities' Mecane Says Volatility Behind Rise in Retail Investing". Bloomberg.com. Retrieved 6 November 2021.
    2. ^Weber, Bruce W. (2006-05-01). "Adoption of electronic trading at the International Securities Exchange". Decision Support Systems. Economics and Information Systems. 41 (4): 728–746. doi:10.1016/j.dss.2004.10.006. ISSN 0167-9236.
    3. ^"The Death Of The Trading Floor". Investopedia. Retrieved 2021-10-28.
    4. ^ abcdGoldstein, Michael A.; Kumar, Pavitra; Graves, Frank C. (2014-04-07). "Computerized and High-Frequency Trading". Financial Review. 49 (2): 177–202. doi:10.1111/fire.12031. ISSN 0732-8516.
    5. ^"What Is Globex?". Investopedia. Retrieved 2021-10-28.
    6. ^ abWu, Jennifer (June 1999). "Online Trading: An Internet Revolution"(PDF). MIT.
    7. ^ abcdefghChaudhry, Sayan; Kulkarni, Chinmay (2021-06-28). "Design Patterns of Investing Apps and Their Effects on Investing Behaviors". Designing Interactive The devil and webster Conference 2021. Virtual Event USA: ACM: 777–788. doi:10.1145/3461778.3462008. ISBN .
    8. ^ abcdefghWu, Fei (2010-06-10). "Speed, distance, and electronic trading: New evidence on why location matters". Journal of Financial Markets. 13. Retrieved 6 November 2021.
    9. ^"SEC Rules". Securities and Exchange Commission.
    10. ^ abcdeMahoney, Paul G.; Rauterberg, Gabriel V. (2017-04-19). "The Regulation of Trading Markets: A Survey and Evaluation". Rochester, NY.
    11. ^ abKim, Kendall (2010-07-27). Electronic and Algorithmic Trading Technology: The Complete Guide. Academic Press. ISBN .
    12. ^ abcdefde Campos Costa, Allan (2003-05-09). "Critical Success Factors for Stock Brokerage over the Internet: An Exploratory Study in the Brazilian Market under the Perspective of the Investor". AIS Electronic Library. Retrieved 2021-10-25.
    13. ^ ab"Binance Faces Probe by U.S. Money-Laundering and Tax Sleuths". Bloomberg.com. 2021-05-13. Retrieved 2021-11-02.
    14. ^ abSalkar, Tanishq; Shinde, Aditya; Tamhankar, Neelaya; Bhagat, Narendra (2021-06-25). "Algorithmic Trading using Technical Indicators". 2021 International Conference on Communication information and Computing Technology (ICCICT): 1–6. doi:10.1109/ICCICT50803.2021.9510135.
    15. ^ abSmith, Kelly Anne (2021-01-28). "Robinhood Halts GameStop Trading, Angering Lawmakers And Investors". Forbes Advisor. Retrieved 2021-11-05.
    16. ^"Keeping Customers Informed Through Market Volatility". Under the Hood. Under the Hood. 28 January 2021. Retrieved 6 November 2021.
    17. ^ abcd"Barclays and Credit Suisse pay biggest ever fines for dark pool trading". the Guardian. 2016-01-31. Retrieved 2021-11-05.
    18. ^"SEC.gov

      The Best online trading platforms in UK

      Compare The Best Trading Platforms In The UK

      Assumptions

      The calculations above are based on the following scenarios:

      1. £20,000 lump sum (a year's ISA allowance)
      2. £100,000 lump sum (if you have some ISAs from previous years and are transferring in)

      We also assume that you will make 12 ad hoc deals in the same year.

      A deal is either one of buying or selling an investment. It is also called a trade. 

      We best online uk trading platform the colours green, amber, and red to indicate how expensive or cheap a share dealing platform is compared to the others. The cheapest share dealing platforms are coloured green, the more expensive ones red, and the others amber.

      Keep in mind that a platform showing up as green doesn't make it the best trading platform for you as cheap doesn't always equal good. Some of the more expensive trading platforms could have a wider variety of stocks, bonds, funds, ETFs, etc., depending on what you are looking for.

      If you are investing small amounts and choose to go with the cheapest share dealing platform for that amount, note that some of the more expensive share dealing platforms become cheaper as your pot increases. Consider Interactive Investor and Halifax Share Dealing, for example.

      Additionally, we show the costs which apply to the first year only. It is important to mention this because, with trading platforms like iWeb, your charges reduce after the first year. Whereas with platforms like EQi, your charges might increase after the first year.

      Finally, for each online stock broker listed in our stocks and shares ISA comparison table, your money is protected by the Financial Services Compensation Scheme (FSCS).

      If you have questions, please ask the community.

      Frequently Asked Questions

      1. Which trading platform is best for beginners in the UK?

      Here are some of the best trading platforms for beginners in the UK:

      • Interactive Investor - One free trade per month; lots of research and tips
      • Stake - Free trading; fractional shares; analyst ratings
      • eToro - 0% Commission on real stocks; fractional shares; cryptocurrencies
      • DEGIRO - Cheap share dealing; 200 commission-free ETFs
      • AJ Bell Youinvest - Mid-price range; lots of ideas, insights and tips
      • Freetrade - Free trading; fractional shares

      2. What is the best trading platform in the UK?

      Here are some of the best trading platforms in the UK:

      • Interactive Investor - One free trade per month; lots of research and tips
      • eToro - 0% Commission on real stocks; fractional shares; cryptocurrencies
      • Hargreaves Lansdown - Lots of research, insights and tips
      • Freedom24 - IPO stocks at initial price; Over 1,000,000 instruments
      • Fineco Bank - No platform fee; cheap share dealing + promo
      • XTB - Speedy execution; market order depth; trading academy

      Use our comparison table above to get a sense of how each platform charges for regular investing and ad hoc share trading.

      3. Where can I invest with little money?

      Most investment platforms will allow you to start investing with as little as £25. Some even go lower. Freetrade, for example, allows you to start trading in the stock market with as little as £2.

      4. What is a brokerage account?

      A brokerage account is a taxable investment account used to buy and sell assets such as stocks, shares, bonds, funds and other investments. In the UK, a brokerage account is the same as a General Investment Account (GIA). Other types of accounts which you can use to buy and sell investments are Stocks and Shares ISA and Lifetime ISAs. You can transfer money in and out of your brokerage account just like a bank account.

      5. How do I open a brokerage account?

      Visit any of the online brokers in the comparison table above and open a General Investment Account (GIA) on their website. With the GIA, you'll be able to buy, sell and hold any investment of your choice.

      6. What is a self-select ISA?

      A self-select ISA is a type of investment ISA that gives you the freedom to choose the specific investments that make up your portfolio. And depending on the provider you choose, you'll have the option to either select individual investments and manage your portfolio yourself or choose best online uk trading platform a range of ready-made portfolios. 

      Self-select ISAs providers are also called Do-It-Yourself (DIY) investment platforms. 

      ISAs are entirely tax-free.

      7. What types of assets can be held within a self-select ISA?

      When you open a self-select ISA with an online trading platform, you can invest in a range of assets, including:

      • Stocks and shares,
      • Funds,
      • Gilts,
      • Bonds,
      • Investment trusts,
      • Units trusts,
      • Exchange-Traded Funds (ETFs),
      • Open-Ended Investment Companies (OEICs), and
      • Structured products.

      8. How do I open a self-select ISA?

      Use our investment platform comparison tool above to select the best trading platform for you. Then visit the platform's website to apply for an account. Once your account is open, you will be able to choose investments and start building your portfolio. 

      If you need help choosing investments, some trading platforms in the table above offer ready-made portfolios and financial advice. Financial advice typically attracts an extra charge.

      9. What are the advantages of a self-select ISA?

      • You have the freedom to choose the specific investments that make up your portfolio.
      • You get greater control over the design and management of your portfolio.
      • Your entire portfolio and the dividends received in it are free of capital gains and additional income tax.
      • You pay no advice fee.

      10. What are the disadvantages of a self-select Best online uk trading platform

      • It can be quite risky for inexperienced investors.
      • You great ab workouts at home to keep up to date with the markets, which can be tedious and time-consuming. 

      If you are unsure about choosing a self-select ISA, it might be worth seeking independent financial best online uk trading platform from a suitably qualified financial adviser.

      You might also like 🤓

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      4. Fineco Bank vs Interactive Investor
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      7. Compare Investment Platforms
      8. Best Stocks and Shares ISAs
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      10. What is Cryptocurrency?

      Credits

      1. The Lang Cat
      2. Gov.uk

      Источник: https://www.koody.co/investing/compare-best-trading-platforms-uk

      The Best UK Stock Brokers in 2021

      Based in the UK and looking to get your hands on some stocks and best online uk trading platform There are hundreds of FCA-regulated Best online uk trading platform stock brokers active in the online space that allow you to buy and sell companies at the click of a button. The process rarely takes more than a few minutes.

      In this guide, we explore the best UK stock brokers to do this within 2021. We cover key factors like fees, dealing charges, tradable shares, customer support, user-friendliness, and regulation.


      🏆 The Best UK Stock Brokers in 2021

      If you don’t have time to read our guide in full, here’s a list of our best UK stock brokers.

      • eToro – Best UK Stock Broker Overall
      • Capital.com – Best UK Stock Broker for Low Fees
      • Libertex – Best Stock CFD Broker
      • Fineco Bank – Buy and Sell Shares in the UK from £2.95 per trade
      • XTB – Stock Broker with Advanced Research and Screener Tools
      • Plus500 – One of the Best UK Stock Brokers for Beginners
      • Pepperstone – Best Low-Cost Stock Broker with MetaTrader 4 & 5
      • AvaTrade – 0% Commission Stock Broker UK with Social Trading
      • Hargreaves Lansdown – Best UK Stock Broker for Opening an ISA
      • Trading 212 – Best Stock Broker for Automated Investing
      • Degiro – Popular UK Stock Broker with International shares

      With hundreds of UK stock broker sites now active in the market, knowing which platform to sign up with has never been more challenging. For example, while some UK stock brokers might stand out for offering super-low fees, they might not give you access to international markets.

      With this in mind, below you will find our selection for the best stock brokers of 2021. All of our picks are legal and regulated brokers, allow you to easily fund your account with a UK payment method, and offer top-notch customer support

      Buy Stock Now

      1. eToro – Best UK Stock Broker Overall

      etoro-multidevice

      Pros:

      • Super user-friendly online stock broker
      • Buy stocks without paying any commission or share dealing charges
      • 800+ stocks listed on UK and international markets
      • Deposit funds with a debit/credit card, e-wallet, or UK bank account
      • Ability to copy the trades of other users
      • FCA and FSCS protections
      Источник: https://buyshares.co.uk/stock-brokers/
      best online uk trading platform

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