Choosing the right stock broker is crucial for UK investors looking to maximise their returns while keeping costs low. Whether you're a beginner or an experienced trader, finding a reliable, cost-effective broker can make all the difference.
This guide compares the best stock brokers in the UK, breaking down their fees, features, and usability to help you make an informed decision.
Why Choosing the Right Stock Broker Matters
Not all stock brokers are the same. Some charge high commissions, while others offer commission-free trading but make money through spreads or hidden fees. The best broker for you depends on:
Trading costs and fees – Are there commission charges or account maintenance fees?
Range of investment options – Do they offer UK and international stocks, ETFs, or even crypto?
User experience – Is the platform beginner-friendly or more suited for advanced traders?
Regulation and security – Is the broker FCA-regulated and does it offer investor protection?
Best Stock Brokers for UK Investors
1. eToro – Best for Commission-Free Trading & Social Investing
eToro is a well-known platform that offers commission-free trading on stocks and ETFs. It also features social trading, where users can copy the trades of experienced investors.
Pros:
0% commission on stocks and ETFs
CopyTrading feature allows beginners to follow expert traders
User-friendly platform
Cons:
Higher forex and crypto spreads
$5 withdrawal fee
Fees:
Stock trading: 0% commission
Forex & crypto: Variable spreads
Inactivity fee: $10 per month after 12 months
2. Freetrade – Best for Beginner-Friendly Investing
Freetrade is a UK-based commission-free trading app designed for long-term investors. It has a simple, easy-to-use interface, making it ideal for beginners.
Pros:
Commission-free stock trading
Investment ISAs available
No withdrawal or inactivity fees
Cons:
Limited research tools
No forex or crypto trading
Fees:
Free stock trading
Investment ISA: £4.99/month
Freetrade Plus: £9.99/month for more stocks
3. Interactive Brokers – Best for Advanced Traders & Global Investing
Interactive Brokers (IBKR) is a top choice for experienced traders due to its extensive market access and advanced tools.
Pros:
Access to UK, US, and global markets
Low forex spreads
Advanced trading platform
Cons:
Not beginner-friendly
Monthly inactivity fee for some accounts
Fees:
UK stocks: £3 per trade (lower for high-volume traders)
Forex: Low spreads
No withdrawal fees
4. Trading 212 – Best for Commission-Free Trading & Fractional Shares
Trading 212 is a popular UK-based stock trading app that offers commission-free investing in stocks, ETFs, and forex. It also allows users to buy fractional shares.
Pros:
0% commission on stocks
Fractional shares available
No deposit or withdrawal fees
Cons:
No access to advanced trading tools
Limited customer support
Fees:
Stock trading: 0% commission
Forex: Variable spreads
Inactivity fee: None
5. Hargreaves Lansdown – Best for Long-Term Investors & ISA Accounts
Hargreaves Lansdown is one of the UK’s largest investment platforms, offering stocks, funds, and ISAs with a strong reputation for customer service.
Pros:
Wide range of investment options
Excellent research and educational tools
Investment ISAs and SIPPs available
Cons:
Higher trading fees
No commission-free stock trading
Fees:
UK stocks: £11.95 per trade (£5.95 for frequent traders)
Annual ISA fee: 0.45%
No inactivity fees
Key Factors to Consider When Choosing a Stock Broker
1. Fees & Trading Costs
Look for commission-free trading to keep costs low.
Watch out for hidden fees such as withdrawal or inactivity charges.
2. Range of Investment Options
Some brokers only offer stocks, while others include ETFs, funds, forex, and crypto.
If you want global investing, choose a broker with access to international markets.
3. Platform Usability
Beginners should look for simple, intuitive platforms.
Advanced traders may prefer platforms with charting tools and research features.
4. Regulation & Investor Protection
Ensure the broker is FCA-regulated.
Check for FSCS protection, which covers up to £85,000 if the broker collapses.
FAQs
1. What is the best stock broker for beginners in the UK?
Freetrade and Trading 212 are great options for beginners due to their simple interfaces and commission-free trading.
2. Which stock broker has the lowest fees?
Freetrade and eToro offer 0% commission stock trading, while Interactive Brokers has low forex spreads.
3. Can I trade US stocks in the UK?
Yes, brokers like eToro, Trading 212, and Interactive Brokers allow UK investors to buy US and global stocks.
4. Is my money safe with an online stock broker?
If the broker is FCA-regulated, your funds are protected under FSCS up to £85,000 in case of insolvency.
5. What is the best stock trading app in the UK?
It depends on your needs:
Best for beginners: Freetrade
Best for advanced traders: Interactive Brokers
Best for social trading: eToro
Best for low fees: Trading 212
Final Thoughts: Which Stock Broker Should You Choose?
The best stock broker for you depends on your investment goals and experience level. Here’s a quick recommendation:
For commission-free trading: eToro, Trading 212, or Freetrade
For advanced traders: Interactive Brokers
For ISA and pension investing: Hargreaves Lansdown
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