Find Your Online Broker. Start with Stock Trading
Discover, compare and choose the best online
trading platforms for day trading.
Here is how TradingChooser can help you make the decisions that could help you grow your investments.
Best online Trading Brokers 2022
TradingChooser has selected the best brokers to trade forex, buy and sell stocks, invest in cryptocurrencies* and much more. Compare tools, costs, opinions and try a free demo account of the trading platforms you like the most.
*Availability subject to regulation
The goal of any aspiring trader is to find the best possible broker among the various online trading platforms. The choice of the broker is crucial. You can be an experienced investor and a master of finance, but with a bad broker you will always get poor results.
Many things depend on the trading broker: the costs, the financial assets, the charts and quotes, the amounts to deposit or withdraw, even the training for beginners. Starting with the best broker for shares, forex or CFDs means entering the financial markets on the right foot. You can’t afford to make mistakes (and maybe even risk some fraud).
In the UK the best brokers are almost all from European countries, based in Cyprus or the UK. Remember that every broker must always be registered with the Financial Conduct Authority (FCA).
Also, always start with brokers that offer a free demo trading account. This way you can test the platform, train yourself and only when you are ready can you deposit money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
eToro: Social Trading Broker
Official website: www.etoro.com
Bonus: social trading, 0% commissions on stocks, crypto wallet & exchange
Regulated by: FCA, CySEC, ASIC
Minimum deposit: £50 credit, debit card, PayPal
68% of retail investor lose money
eToro (read our review) is one of the best UK brokers for beginners on the whole list. The reasons are several:
- intuitive platform
- complete information available on the official website
- buy real stocks at 0% commissions
- best solution to do copy trading, i.e. automatically copy the moves of other experienced investors drawing the same results
- crypto broker, wallet and exchange
eToro broker is authorised by the FCA, CySEC and ASIC to operate as a financial intermediary, both as eToro Europe (no. 2830) and eToro UK (no. 3763).
Its trustworthiness is also evident from its community of investors (over 20 million traders) and its forthcoming listing via SPAC.
We are talking about one of the best online brokers for trading instruments, user-experience and trading functions.
Furthermore, eToro offers a service to buy and trade Bitcoin and cryptocurrencies, not only in terms of contracts for difference (CFDs).
Your can try the eToro trading platform buy opening a free demo account with $100.000 of virtual funds.
Plus500: CFD Trading Broker
Official Website: www.plus500.com
Advantages: High-tech platform, Demo trading account
Regulated by: FCA, CySEC
Minimum deposit: £100 debit, credit card
Plus500 (read our review) is one of the most popular brokers in online trading. The headquarters of the company is based in Israel, but is authorised by both the FCA and CySEC. In the UK, it is regulated by the FCA as PLUS500UK (#2912).
It is a broker market maker of CFDs, i.e. derivative contracts that simulate the value of stocks and currencies allowing you to buy and sell with leverage of up to 1:30. It offers zero commissions on CFD trading of stocks, indices, commodities, forex currencies, cryptocurrencies* and more.
The platform is comprehensive and intuitive, technical enough for both emerging and professional traders. The company is well established and listed on the London Stock Exchange (PLUS), with commissions among the lowest in the market.
You can test Plus500 by opening a demo trading account, with £40,000 of virtual funds for practice.
*Availability subject to regulation
Official website: www.xtb.com
Bonus: 0% commissions on stocks, Free demo trading account
Regulated by: FCA, CySEC, KNF
Minimum deposit: £100 credit, debit card, PayPal
73% of retail investor lose money
XTB is a Polish regulated broker under X-Trade Brokers DM SA. The company is regulated by the Komisja Nadzoru Finansowego (KNF) in Poland and CySEC.
Like eToro, XTB also offers investment in real shares and ETFs or CFDs. You choose whether to trade short term on speculative instruments or to invest long term by creating a portfolio of US, European or global stocks.
At XTB you can invest in a variety of assets and benefit from 0% commission costs on deposits and a fixed minimum deposit of €100.
The XTB platform is straightforward and particularly easy to use, even for those who wish to gain the necessary experience that the free, non-expiring demo account might offer.
Multilingual customer support allows for immediate resolution of any problems encountered.
Try XTB broker by opening a free demo account with £100,000 of virtual funds.
Official website: www.trade.com
Bonus: Demo trading account, training for beginners
Regulated by: FCA, CySEC
Minimum deposit: £100 credit/debit card
Trade.com is a multi-asset online trading platform, regulated by the FCA and CySEC. This is one of the historic online brokers, which has been in the market for over a decade.
Many traders choose to invest with Trade.com because it offers a choice of over 2,000 stocks, cryptocurrencies, forex currencies, indices, commodities and more. All in CFD version.
At Trade.com you pay 0% commission on deposits and withdrawals, a spread that is very competitive with our competitors and a minimum deposit of £100, which is almost in line with the best regulated brokers in the market.
The customer service is also available in live chat mode to follow you step by step in real time for all your technical and financial needs.
You can test the Trade.com broker by opening a free demo account with £10,000 of virtual funds.
Official Website: www.freedom24.com
Bonus: Demo trading account, Invest in stocks and IPOs
Regulated by: FCA, CySEC
Minimum Deposit: £0 (no minimum required)
Freedom Finance is another broker where you can invest in real stocks and ETFs at very low or no commissions. The company is listed on the Nasdaq stock exchange and operates worldwide offering multi-asset trading on over 1 million financial instruments.
What makes Freedom Finance special is that it can invest in major IPOs (initial public offerings) before they actually go public. The online trading platform, called Freedom24, offers access to several international markets from both desktop and mobile apps.
Simply create an account with Freedom24 and take advantage of the free 10,000 virtual demo account. You will be able to put the Freedom Finance broker to the test and get an inside look at its features, commissions and more.
Interested in investing in new IPOs? Freedom Finance could be your broker of choice.
Official website: www.capital.com
Bonus: Real Stocks Trading, Free demo trading account
Regulated by: FCA, CySEC, NBRB, ASIC
Minimum deposit: £20 credit, debit card, £250 wire transfer
73,81% of retail investor lose money
Capital.com is one of the best brokers to invest in Forex, Stocks, Commodities, Cryptocurrencies, Indices and ETFs instantly. The company is well known in the European and English market. Capital Com SV Investments Limited is regulated by CySEC, and the broker is one of the most recommended on Trustpilot and Investing.com.
With Capital.com you only need to make a minimum deposit of £20 (with debit/credit card), or you can take advantage of the free 10,000 virtual demo account to trade the international markets in complete safety.
You get over 4000+ financial instruments, a state-of-the-art platform with professional charts and indicators, and 24/7 support.
At this CFD broker you can also take advantage of 0% commissions and a very low spread. If you are a mobile trader and want to invest wherever you are, Capital.com offers a mobile App available for both IOS and Android.
Official Website: www.avatrade.com
Bonus: Demo trading account, Training for beginners
Regulated by: FCA, CySEC
Minimum Deposit: £100 debit, credit card, bank account
AvaTrade is another forex broker that is particularly popular with traders in the UK. It is based in Ireland, where it is directly supervised by the Central Bank of Ireland, which is an excellent reliability factor. AvaTrade is also regulated by CySEC, ASIC, FSCA (South Africa), FSA and FFAJ (Japan).
AvaTrade has an excellent assortment of assets (all in CFDs) and resources for traders. Beginners can take advantage of free education and copy trading, while experienced investors have the option of using the AvaTrade account on various platforms, such as MetaTrader 4 for example.
The completely free deposit and withdrawal in the UK make it a broker to try. You can open a no obligation demo account with £100,000 of virtual funds.
Best trading brokers for beginners
|eToro||Social Trading, Free Demo Account||Open account|
|Plus500||Free Demo Account||Open Account|
|XTB||0% Commissions on Stocks||Open Account|
|Trade.com||Free Demo Account||Open Account|
|Capital.com||Free Demo Account||Open Account|
|AvaTrade||Free Demo Account||Open Account|
How we Choose the Best Trading Brokers
Choosing a day trading broker or a stock broker involves many variables. Above all, it is not certain that a broker that works well for us will work well for you.
8 Attributes of a good broker, +100 variables
- Costs and Commissions
- Licence and Authorizations
- FCA Opinion
- Customer Support
- Trading platform and Assets
- Free Courses
- Mobile Trading App
- Friendly UX
- Web Reviews
- Scam check
What is a Market Maker Broker?
The Market Maker Brokers, take your order and manage it on their own, "make the market" precisely, simulate in a few words the quotations of the market "real" without buying and selling from a counterparty.
So if you were to get a gain from a transaction (a capital gain) made with a Market Maker broker, the broker will finance you from his own pocket, vice versa in case of loss the Broker will earn the entire budget you invested.
What is a pure ECN Broker?
ECN brokers behave differently from market maker brokers. In practice, they are brokers who buy and sell a security (currency, share, index etc..) placed by you, following the Ask/Bid market quote and demand. This means that in certain situations you may not find a counterparty buying or selling your order!
With ECN brokers the commissions are generally higher than with a Market Maker broker. The only pro of an ECN broker are the quotes which in almost all cases reflect reality perfectly.
Brokers or Banks?
Many banks allow you to trade online on world markets, but on balance they are less convenient than brokers in terms of monthly/annual commissions and transaction costs.