Choosing the right share dealing account is a critical decision for any UK investor. Since each UK trader has their own unique strategies, preferences, and needs, we have assessed the top 10 brokers currently available to open an account with. In total, 124 individual variables were assessed advanced forex trading ideas pdf find the best broker. Best Share Dealing Accounts Here’s a breakdown of some of the top share dealing accounts for buying shares online in the UK.
Founded in 1974 and respected as one of the most trusted brokers in the world, IG has been offering share dealing since 2014, providing traders low costs, quality trading tools, and access to over 9,000 shares across the globe. Saxo Capital Markets provides a brilliant all-around share trading experience for UK residents. Interactive Investor provides a robust research and education offering, together with comprehensive services at a relatively low cost. A strong contender in the UK market. A rich offering of investments and services alongside strong customer service, but Hargreaves Lansdown lacks both a quality trading platform and education area to justify its high commissions and fees.
DEGIRO, known for its low cost trades, provides investors a diverse offering of products and a clean trading platform. The cost of trading is an important factor for many traders and investors when they decide to choose a broker. Furthermore, you may also need to pay a monthly, quarterly or annual management fee, depending on the type and size of your holding. Just like the coffee junkies who will not settle for anything less than a cup of Starbucks, traders and investors looking for a quality share dealing account will have to pay for that quality. So ultimately, the price you pay depends on your requirements and your tastes. This scenario is also true for online trading. The best share dealing account for you will depend on whether you are a frequent trader or casual investor, and whether you have a small or large portfolio.
Some brokers offer discounted rates for more frequent trading, whilst others charge flat fees. Similarly, some charge holding fees that depend on the size of the account, whilst others have a flat overall fee structure. In our assessment, we considered all possible scenarios. 00 per trade on UK shares is the lowest dealing charge in our review.
00 per trade when 10 or more trades are placed in the prior calendar month. Finally, in third place was Interactive Investor. 6 if 10 trades are made, on average, over a three month period. When considering any share dealing account on fees and commissions alone, first identify what type of trader or investor you are. Is your portfolio large enough for management charges to be an important consideration? On average, how many trades do you place each month? Do you invest primarily in stocks, funds or other asset classes?