Best Trading Platforms in the UK 2025
Dom Farnell
Co-Founder
Dom, a Co-Founder at TIC, is an avid investor and experienced blogger who specialises in financial markets and wealth management. He strives to help people make smart investment decisions through clear and engaging content.
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Risk Warning
Please bear in mind that trading involves the risk of capital loss. 51% to 84% of retail investor accounts lose money when trading CFDs with the providers below. You should consider whether you can afford to take the high risk of losing your money.
Last Updated 18/02/2025
Explore our curated list of reliable, regulated Trading Platforms for 2025, each rigorously tested with real capital. All brokers are accessible to traders in the United Kingdom.
1
eToro
Trading Platform Score: 4.8/5
51% of Retail CFD Accounts Lose Money
2
CMC Markets
Trading Platform Score: 4.7/5
69% of Retail CFD Accounts Lose Money
XTB
Trading Platform Score: 4.6/5
76% of Retail CFD Accounts Lose Money
4
IG
Trading Platform Score: 4.6/5
70% of Retail CFD Accounts Lose Money
Quick Answer: What are the Best Trading Platforms in the UK?
The top UK trading platforms for 2025 are eToro, CMC Markets, XTB, IG, SpreadEX, Pepperstone, and Saxo. Each offers unique features catering to both novices and seasoned traders, all under the stringent regulation of the Financial Conduct Authority.
Featured Brokers
eToro - Best for Beginners
- Copy Trading
- User Friendly Platform
- Regulated & Trusted
- 30 Million+ Users
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Spreadex - Best for Advanced Traders
- Spread Betting
- Competitive Spreads
- Trade With Leverage
- User Friendly
72.3% of retail investors lose money when trading spread bets and CFDs with this provider.
Open an account and deposit £500 to get a 6 month gift subscription to the Financial Times.
Introduction to UK Trading Platforms
The UK’s trading platform landscape caters to a broad spectrum of traders, from novices just starting their investment journeys to seasoned professionals seeking advanced tools. In this guide, we dive into the myriad options available, highlighting platforms that stand out in terms of user-friendliness, cost-efficiency, and the breadth of assets offered. Our focus is to arm you with the knowledge to choose a platform that aligns perfectly with your trading style and goals.
What is the Best Trading Platform for Beginners?
For those new to trading, selecting a platform that simplifies the learning curve is crucial. Platforms like eToro and XTB offer intuitive interfaces and extensive educational resources, making them ideal for beginners. These platforms provide rich learning environments with features such as demo accounts, which allow new traders to practice without risk, and copy-trading systems, where novices can replicate the actions of successful traders.
eToro: Known for its user-friendly platform and vibrant social trading network. New traders can watch and learn from seasoned professionals.
XTB: Offers a straightforward platform with a comprehensive set of educational materials, helping new traders understand market dynamics.
Low-Cost and Commission-Free Trading Options
Cost is a significant consideration for many traders, especially those just starting out or trading with smaller budgets. Platforms like eToro and Trading 212 provide low-cost or commission-free trading options, which can substantially reduce the cost of trading.
eToro: Popular for its zero-commission model, making it accessible for traders with limited funds.
Trading 212: Offers commission-free trading across a wide range of assets, including stocks, ETFs, and forex, making it an economical choice for diverse trading strategies.
Comparison Based on Asset Variety
For traders interested in a specific asset class or a diverse portfolio, the range of products offered by a platform is a key differentiator. Here’s how some platforms stack up:
Saxo: Offers one of the widest ranges of tradable assets, from mainstream to exotic, suitable for traders looking for extensive market access.
IG: Provides access to over 17,000 markets including forex, CFDs, stocks, and cryptocurrencies, catering to traders who need a broad and comprehensive offering.
By highlighting these specific aspects—platforms favorable for beginners, those offering low-cost trading options, and a comparison of asset ranges—we aim to provide a detailed guide that helps you navigate the complexities of choosing the right trading platform. This approach ensures that whether you’re a beginner needing lots of guidance and an easy start, or a veteran trader looking for specific assets or cost efficiency, you’ll find a platform that suits your needs in the UK’s vibrant financial trading landscape.
Reviews of Top 7 Trading Platforms
We’ve examined several platforms based on their features, usability, and trader feedback. Below, find a comparative table summarizing the key aspects of each platform to help you make an informed decision:
| Rank | Platform | Pros | Cons | Best For | Fees | Key Features | Usability |
|---|---|---|---|---|---|---|---|
| 1 | eToro | User-friendly; excellent for social trading | Higher fees | Beginners and social traders | Variable spreads; no commission on stocks | Social trading network, CopyTrader, numerous asset classes | Very intuitive, mobile app available |
| 2 | CMC Markets | Extensive asset options; advanced tools | Complex interface for beginners | Experienced traders | Competitive spreads; no commission on shares | Advanced charting, custom indicators, automated trading | Complex but customizable interface |
| 3 | XTB | Low forex fees; great customer service | Limited product portfolio | Forex and CFD traders | Low forex spreads; no stock CFD commissions | xStation 5 platform, superior trade execution, educational services | User-friendly with excellent customer support |
| 4 | IG | Powerful trading tools; broad market access | Higher minimum deposit | Advanced traders | Variable spreads; commissions vary by asset | ProRealTime integration, direct market access, large range of markets | Sophisticated for new users but extensive educational resources |
| 5 | SpreadEX | Specialized in spread betting; tight spreads | Mainly UK-focused | Spread betting enthusiasts | Tight spreads; low financing costs | Spread betting on thousands of markets, fixed odds betting | Straightforward, more suitable for UK traders |
| 6 | Pepperstone | Variety of platforms; low latency trading | No investor protection outside the EU | MetaTrader users | No commission options, low spread costs | MetaTrader 4 and 5, cTrader, social trading integrations | High usability across all platforms, good for all levels |
| 7 | Saxo | Premium service; wide range of instruments | Requires large initial investment | Serious investors | Higher spreads; monthly inactivity fees | Extensive market access, advanced tools, premium research | Complex; best for experienced traders |
eToro – Best for Social Trading and Beginners
I chose eToro mainly because of how welcoming it is for beginners. When I first dabbled in trading, the plethora of options felt overwhelming until I discovered eToro’s social trading aspect. It’s like social media for trading—very intuitive.
You can easily follow top traders and mimic their trades with the CopyTrader feature, which I found invaluable as I was learning the ropes. Plus, their platform supports a broad array of assets from stocks to crypto, all under a user-friendly interface that’s accessible even on mobile.
The community on eToro is vibrant; being able to discuss strategies and share insights in real-time really amps up the learning curve. It’s not just a platform; it’s a learning hub for anyone new to the trading scene.
What Trading Tools are Available?
| Tool | Description | Available Since | Best Used For |
|---|---|---|---|
| CopyTrader | Enables users to automatically copy the trades of selected investors, streamlining the learning and trading process. | 2010 | Beginners and passive investors |
| eToro API | Provides advanced users with the ability to create custom tools and automate trading strategies. | 2013 | Advanced traders seeking automation |
| CryptoPortfolio | A managed portfolio covering a diverse range of cryptocurrencies, reducing the hassle of individual trades. | 2017 | Investors interested in cryptocurrencies |
| Smart Portfolios | A collection of thematic investment strategies, offering diversified exposure without the need for active management. | 2016 | Investors looking for managed solutions |
Pros
Innovative Social Trading Platform: eToro excels in social trading, featuring user-friendly tools that allow beginners to learn from and replicate the actions of more experienced traders.
User-Friendly Interface: The platform is designed to be intuitive and easy to navigate, making it accessible even to those new to trading.
Cons
Higher Spreads and Fees: eToro’s unique offerings come with the downside of higher spreads and trading fees, which might impact the profitability for active traders.
Limited Advanced Technical Tools: While sufficient for new and social traders, eToro’s technical analysis tools may not meet the needs of more advanced traders who require complex analytical capabilities.
51% of retail CFD accounts lose money when trading CFD’s with this provider.
CMC Markets – Best for Range of Instruments
CMC Markets impressed me with its depth of tools and assets which perfectly suited my transition from a beginner to a more experienced trader.
The platform’s interface might be complex for newbies, but once you get the hang of it, the powerful charting and analysis tools are a game-changer. They offer an extensive range of instruments, and I’ve utilized everything from forex to commodities. The customizable nature of their Next Generation platform allows me to tailor the dashboard to my preferences, enhancing my trading efficiency.
The no-commission on shares and the tight spreads also help in maximizing returns, making it an ideal choice for serious traders who need a robust toolset.
What Trading Tools are Available?
| Tool | Description | Available Since | Best Used For |
|---|---|---|---|
| Next Generation Platform | Known for its powerful charting, trading automation features, and customizability, tailored for active traders. | 2010 | Advanced trading and detailed analysis |
| MetaTrader 4 | A popular platform among forex traders for its automation capabilities, robust trading tools, and custom indicators. | 2002 | Forex trading and automated trading systems |
Pros
Extensive Range of Instruments: CMC Markets offers traders access to a broad spectrum of trading options, including forex, CFDs, indices, commodities, shares, and treasuries. This diversity enables traders to explore various markets using a single platform.
Superior Charting and Analysis Tools: Equipped with advanced technical analysis tools, CMC Markets provides detailed charting capabilities and over 115 technical indicators and drawing tools, ideal for traders who rely heavily on technical analysis.
Cons
Complex Platform Interface: While the depth of features is a significant advantage, the complexity of the platform may overwhelm beginners. New traders might find the array of choices and advanced features daunting at first.
Higher Costs for Premium Services: Access to some advanced features and lower trading costs is conditional upon maintaining a higher account balance or more frequent trading, which may not be suitable for all traders.
69% of retail investor accounts lose money when trading CFDs with this provider
XTB – Best for Access to Global Markets
Choosing XTB was a no-brainer for me as a forex enthusiast. Their low forex fees and exceptional customer service set them apart in a crowded market.
Their trading platform, xStation 5, is not only user-friendly but comes with features like superior trade execution which is crucial when dealing with fast-moving forex markets. I particularly appreciate their commitment to transparency and trader education—XTB regularly hosts webinars and workshops that have helped me refine my strategies.
Plus, their customer support is always responsive and knowledgeable, providing that extra layer of reassurance that every trader appreciates.
What Trading Tools are Available?
| Tool | Description | Available Since | Best Used For |
|---|---|---|---|
| xStation 5 | A highly customizable trading platform with speed, advanced charting capabilities, and user-friendly interface. | 2016 | Comprehensive trading and analysis |
| Commodity Trading Options | Provides access to a range of commodities such as metals, energy, and agricultural products for diversified trading strategies. | Varies by commodity | Diversifying portfolios with commodities |
Pros
Global Market Access: XTB provides traders with the opportunity to access a wide range of global markets including forex, indices, commodities, stock CFDs, and cryptocurrencies. This variety allows traders to diversify their portfolios and take advantage of international market fluctuations.
Award-Winning xStation 5 Platform: Recognized for its efficiency and user-friendliness, xStation 5 offers powerful trading tools that enhance trading performance, including advanced charting tools, real-time market commentary, and comprehensive educational resources.
Cons
Limited Product Portfolio in Some Regions: Depending on the trader’s location, some of XTB’s products, especially certain stock CFDs and ETFs, may not be available, which can limit trading strategies.
Inactivity Fees: XTB charges a fee for accounts that are inactive for an extended period, which can be a downside for infrequent traders.
75% of retail investor accounts lose money when trading CFDs with this provider.
IG – Best for Advanced Traders
IG is a powerhouse when it comes to trading platforms, and I chose it for its broad market access and powerful tools. As someone who likes to have options and access to global markets, IG’s offering of over 17,000 markets is incredibly appealing. Their integration with ProRealTime and the availability of direct market access are perfect for my advanced trading needs.
The platform is a bit sophisticated, but IG offers plenty of educational resources to help climb the learning curve. The higher minimum deposit is a drawback, but for the range and depth of features it offers, I find it well worth the investment.
What Trading Tools are Available?
| Tool | Description | Available Since | Best Used For |
|---|---|---|---|
| ProRealTime | An advanced charting tool offering automated trading and extensive technical analysis capabilities. | 2003 | Technical traders and automated strategies |
| Advanced Charting Tools | Features sophisticated charting capabilities, including over 100 indicators, drawing tools, and customizable charts. | 2003 | In-depth market analysis and trend tracking |
Pros
Comprehensive Market Coverage: IG offers an expansive array of trading options including forex, stocks, indices, commodities, and more, providing ample opportunities for advanced traders to apply complex trading strategies across global markets.
Superior Technology and Integration: Known for its high-performance tools, IG integrates seamlessly with advanced trading platforms like ProRealTime and provides excellent execution speeds that appeal to serious traders.
Cons
Complex Fee Structure: IG has a somewhat complex fee structure that can be difficult to navigate for newcomers, including variable spreads and overnight fees that might affect profitability.
Steep Learning Curve: The vast range of features and advanced trading environments can be overwhelming for beginners, making it more suitable for experienced traders.
70% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
SpreadEX – Best for Spread Betting
SpreadEX stood out to me primarily because of my interest in spread betting. It’s one of the few platforms that specialize in this area and offers tight spreads that enhance profitability.
The platform itself is straightforward and focuses on UK markets, which suits my trading focus. While it may not boast the broadest global reach, its tailored services for spread betting enthusiasts like myself make it a top choice.
The customer service is excellent, and the platform provides all the necessary tools to engage effectively with spread betting markets.
What Trading Tools are Available?
| Tool | Description | Available Since | Best Used For |
|---|---|---|---|
| Spread Betting Platform | Custom-designed for spread betting, this platform offers intuitive and responsive trading environments. | 2000 | Traders focusing on spread betting |
| Tight Spread Options | Competitive pricing structure offering tight spreads across a wide range of markets. | 2000 | Reducing costs in frequent trading |
Pros
Specialized in Spread Betting: SpreadEX is highly specialized in spread betting, offering traders the ability to bet on price movements without owning the underlying assets, which can be tax-efficient in the UK.
Tight Spreads: Provides some of the tightest spreads in the industry, enhancing potential profitability by reducing transaction costs for traders.
Cons
Limited Global Reach: While excellent for UK traders, SpreadEX’s services and market access might be more limited for international traders.
Focus Primarily on Spread Betting and CFDs: The platform may not be suitable for those interested in more traditional forms of investment like direct stock purchases.
81% of retail investor accounts lose money when trading CFDs with this provider.
Pepperstone – Best for MetaTrader and cTrader Users
I picked Pepperstone because of its variety of platforms and low latency trading, which is critical for my MetaTrader and cTrader needs. Whether I’m engaging in algorithmic trading or utilizing scalping strategies, Pepperstone provides the technological edge necessary for these sophisticated trading methods.
The lack of investor protection outside the EU is a concern, but for low-cost trading with a high degree of platform flexibility, Pepperstone really fits the bill.
Their commitment to providing access to high-speed trade execution and competitive pricing structures helps in maintaining my portfolio’s profitability.
What Trading Tools are Available?
| Tool | Description | Available Since | Best Used For |
|---|---|---|---|
| MetaTrader 4 (MT4) | Highly customizable platform known for its powerful charting tools, Expert Advisors (EAs), and automation capabilities. | 2005 | Forex and CFD trading with automation |
| MetaTrader 5 (MT5) | Advanced successor to MT4 with enhanced charting capabilities, more timeframes, and economic calendar integration. | 2010 | Experienced traders seeking depth and flexibility |
| cTrader Automate | An algorithmic trading platform that allows traders to build and run trading algorithms directly in the cTrader system. | 2011 | Algorithmic traders looking for precise execution |
| Pepperstone API | Provides traders with direct market access and the ability to develop custom trading tools and interfaces. | 2018 | Developers and advanced traders who need custom solutions |
Pros
Wide Range of Trading Platforms: Pepperstone provides access to popular trading platforms including MetaTrader 4, MetaTrader 5, and cTrader, catering to a diverse set of trading preferences and strategies.
No Dealing Desk Execution: Offers direct access to a wide range of liquidity providers which ensures low latency and best possible trading prices without any dealer intervention.
Cons
Limited Product Portfolio Compared to Some Competitors: Although offering a strong lineup of forex and CFD products, Pepperstone’s range of additional instruments like stocks and options is more limited.
Primarily Suited for Advanced Traders: The features and functionalities of the advanced platforms can be overwhelming for beginners without prior trading experience
81.7% of retail investor accounts lose money when trading CFDs with this provider.
Saxo – Best for Premium Trading Experience
Finally, Saxo is my go-to for a premium trading experience. The initial investment might be high, but the quality of service and the extensive range of instruments—from niche markets to major stocks—are unmatched.
SaxoTraderGO, their main trading platform, is incredibly robust, offering detailed analytical tools that cater to my need for deep financial insights. It’s aimed more at serious investors who require a comprehensive portfolio management tool, and for someone like me who views trading as a significant part of my investment strategy, Saxo Bank provides the sophistication and market reach I need.
What Trading Tools are Available?
| Tool | Description | Available Since | Best Used For |
|---|---|---|---|
| SaxoTraderGO | User-friendly yet powerful, this platform offers comprehensive tools for trading, analysis, and risk management. | 2015 | Traders who need mobility and flexibility |
| SaxoTraderPRO | A more advanced platform designed for experienced traders, offering deeper functionality and customization. | 2017 | Professional traders requiring advanced tools |
| Comprehensive Market Access | Access to a vast range of instruments globally, allowing for effective portfolio diversification and risk management. | Ongoing | Investors looking to trade multiple asset classes globally |
Pros
Comprehensive Market Access: Saxo offers an extensive range of markets, including over 40,000 instruments across forex, stocks, CFDs, commodities, options, and bonds. This wide array of options enables traders to diversify their portfolios extensively.
Advanced Trading Platforms: SaxoTraderGO and SaxoTraderPRO provide professional-grade tools and interfaces that are highly customizable, catering to both casual investors and active traders.
Cons
Higher Minimum Deposit: Saxo Bank’s service comes with a higher minimum deposit requirement, which may be a barrier for entry-level traders or those looking to start with smaller amounts.
Complex Fee Structure: While the services offered are top-notch, the fee structure can be complex and might not be as competitive for less active traders.
64% of retail investor accounts lose money when trading CFDs with this provider.
How to Choose the Right Platform
Choosing the right trading platform is crucial for both novice and experienced traders. The ideal platform not only fits your trading style but also provides the necessary tools and resources to enhance your trading experience. Here’s a detailed guide on selecting a trading platform that best suits your needs:
User-Friendliness
Ease of Use: Whether you’re a beginner or an experienced trader, the platform should have an intuitive interface that makes navigation and trading straightforward.
Accessibility: Consider platforms that offer mobile and desktop access, ensuring you can trade on-the-go and aren’t tied to a single device.
Fees
Trading Costs: Look at the direct costs associated with trading, including spreads, commissions, and rollover fees. These can significantly impact your profitability, especially if you trade frequently.
Non-Trading Fees: Be aware of inactivity fees, withdrawal fees, and account maintenance fees that can erode your capital over time.
Security
Regulatory Compliance: Ensure the platform is regulated by a reputable body like the Financial Conduct Authority (FCA) in the UK, which provides a layer of security and trust.
Data Security: Check that the platform uses advanced encryption technologies to protect your personal and financial information.
Asset Options
Variety of Instruments: Depending on your trading interests, look for platforms that offer a wide range of trading instruments, such as forex, stocks, commodities, and indices.
Market Access: Some platforms provide more global market access than others, which is crucial if you’re interested in trading international securities.
Educational Resources
Training Tools: Especially important for beginners, the availability of educational resources like webinars, e-books, and tutorial videos can help you understand trading fundamentals and advanced strategies.
Demo Account: A demo or practice account allows you to trade with virtual money, which is invaluable for testing strategies and getting familiar with the platform without financial risk.
Customer Service
Support Availability: Consider the responsiveness and availability of the customer service team. 24/7 support can be crucial, especially if you trade in different time zones.
Language and Communication: Ensure that support is available in a language you’re comfortable with and that the platform provides multiple channels of communication, such as live chat, email, and phone.
When selecting a trading platform, it’s also beneficial to read reviews and possibly test several platforms to compare their interface, features, and overall usability. Remember, the right platform is a crucial tool in your trading arsenal, impacting your ability to execute trades efficiently and effectively.
What Are the Key Features and Specialisations of Different Trading Platforms?
When exploring the vast landscape of trading platforms, it’s crucial to understand the unique features that set each apart. These features can greatly influence your trading effectiveness and experience. Let’s break down some of these distinctive capabilities:
Exploration of Unique Features
Social Trading: Platforms like eToro thrive on community-driven strategies where users can copy trades of experienced traders, turning individual trading into a collaborative effort.
Automated Trading Platforms: For those who prefer a hands-off approach or want to apply consistent trading strategies, automated platforms offer a way to program and execute trades automatically. MetaTrader 4 and 5, for instance, are renowned for their Expert Advisor (EA) capabilities.
Specialized Platforms: Certain platforms specialize in specific markets such as forex, commodities, or stocks, like Saxo which provides expansive access to global markets and a suite of professional-grade tools for serious investors.
Highlight Special Features
Algorithmic Trading: This feature caters to advanced traders who utilize algorithms to automate trading decisions based on predefined criteria, available on platforms like IG and Pepperstone.
Advanced Charting Tools: Platforms such as CMC Markets offer over 115 technical indicators and sophisticated charting tools that can cater to the most detailed and data-driven trading strategies.
Trading Simulators: New traders can benefit immensely from simulators available on platforms like XTB, which allow practicing trades without financial risk, providing a safe environment to learn and experiment.
By integrating these features, trading platforms not only enhance user engagement but also empower traders to manage their investments more effectively, adapt to market changes swiftly, and optimize their trading strategies.
Trading Strategies and Types
Understanding different trading strategies and their compatibility with various trading platforms is crucial for maximizing your trading effectiveness. Here’s a closer examination of common strategies and how they align with platform features:
Discussion on Various Trading Strategies
Day Trading: Best suited for platforms with robust, real-time data feeds and rapid execution capabilities, such as SaxoTraderGO. This strategy involves making multiple trades within a single day, capitalizing on small price movements.
Scalping: Requires platforms that offer ultra-low latency and the ability to handle a high volume of trades quickly, like Pepperstone’s cTrader. Scalping focuses on very short-term trading to exploit small market inefficiencies.
Swing Trading: Ideal for platforms with advanced analytical tools that support longer timeframe charts and extensive back-testing capabilities, such as MetaTrader 5 offered by IG. Swing traders benefit from the ability to hold positions for several days to capitalize on expected upward or downward market shifts.
Emphasis on Risk Management Techniques, Technical Analysis, and Trading Instruments
Risk Management Techniques: Utilize platforms that incorporate features like stop-loss orders, margin calls, and real-time alerts to manage exposure to risk effectively.
Technical Analysis: Platforms with comprehensive charting tools, historical data, and a range of technical indicators—such as those provided by CMC Markets—support traders in making informed decisions based on market trends and patterns.
Trading Instruments: A diverse array of instruments—from forex to commodities and stocks—is crucial for implementing various strategies. Ensure the platform offers a broad selection to diversify and balance your trading portfolio.
Final Thoughts
In conclusion, the choice of a trading platform can significantly influence your trading success. It’s vital to summarize the key points considered:
Platform Suitability: Match your preferred trading strategies with the platform’s capabilities to ensure it can support your trading style and goals.
Comprehensive Features: Look for platforms that offer the right balance of usability, technical tools, and customer support to enhance your trading experience.
Above all, remember to tailor your choice to your individual trading needs and preferences. What works for one trader might not suit another. It’s worth taking the time to assess how each platform aligns with your specific requirements, ensuring you make the most informed decision possible. By choosing wisely, you empower yourself to trade more effectively and confidently.
FAQs
To ensure that both new and experienced traders can make informed decisions, this section delves deeper into some of the most common questions and concerns about trading platforms, focusing on safety measures, account setup requirements, and the tax implications of trading profits.
Safety and security are paramount in online trading. Regulated by the Financial Conduct Authority (FCA), trading platforms in the UK must adhere to strict standards that include:
Data Protection: Platforms use advanced encryption technologies to secure user data and transactions.
Compensation Schemes: Most platforms are part of the Financial Services Compensation Scheme (FSCS), which protects investments up to £85,000 per person per firm, should the platform fail.
Biometric Identification: To further enhance security, many platforms now incorporate biometric verification, such as fingerprint or facial recognition, to prevent unauthorized access.
Setting up a trading account involves several key steps that can vary slightly depending on the platform:
Identity Verification: This typically requires a government-issued ID and a recent utility bill or bank statement to verify your identity and address.
Minimum Deposits: Platforms often have different minimum deposit requirements, which can range from as little as £100 to over £1,000, depending on the type of account.
Account Types: You’ll choose from several account types, such as standard, professional, or demo accounts, each with different features and intended for different levels of experience.
Educational Resources and Practice Accounts: Many platforms offer educational resources and demo accounts loaded with virtual money, allowing new traders to practice without risking actual funds.
Understanding the tax implications of trading is crucial for managing your financial obligations:
Capital Gains Tax: In the UK, profits from trading are subject to capital gains tax if they exceed your annual tax-free allowance. The current allowance is £12,300 (as of the last update), above which profits are taxed at rates depending on your overall income.
Tax Reporting: You are responsible for reporting your trading profits to HM Revenue and Customs (HMRC) through a self-assessment tax return.
Deductible Expenses: Costs associated with trading, such as commissions and losses, can often be deducted from your tax obligations.
Trade Smarter, not Harder
- Copy Trading
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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
References
- Restricting Contract For Difference Products Sold To Retail Clients – FCA
- Top Financial Markets To Trade In 2024 – Admirals
- 14 Day Trading Strategies for Beginners – Go Banking Rates
- Glossary of trading terms – IG
- Brokerage Fees and Investment Commissions Explained – Nerd Wallet
