Which platform is the Best Trading Platform For Beginners UK? We are going to take a look at some of the most prominent trading platforms in the UK in this article. We will primely look at the trading platforms and rank the brokers according to that. Other things need to be taken into consideration too, like demo accounts, fees, terms and conditions, assets offered and much more.
Picking the right trading platform is quite important since you will be investing your own money, you should do so on a trading platform that you like.
Before we get started with our recommendations, we would like to give a few pointers to beginners. What to look at? By no means you are restricted to the brokers we will recommend here and we want you to be able to determine if a broker is good or not.
Things to keep in kind
- The trading platform is important, what kind of functions are you looking for? does the design and feel appeal to you?
- Is the broker you are looking at regulated by FCA? This one is crucial. Without regulation, its likely a scam. Most big brokers like 24Option, Plus500 and eToro are regulated.
- Does the broker offer a free demo account? If you are a beginner, you might wanna use a broker that offers a demo account.
- Does the broker offer the assets you are interested in trading? Stocks? Crypto? Forex? Commodities?
Recommended trading platforms for beginners in the UK
Find the best trading platform. You capital is at risk when trading. Be careful.
All trading platforms above are regulated and licensed by FCA, and offer their services to UK based customers. They are also all great trading platforms for beginners. Easy to use, safe and regulated and they offer tons of educational material that can help you get started. We have cooperations with some of the brokers on our site and for some of them, we receive a small commission if you make a deposit. This does not affect the ranking of the brokers.
Always start out with a free demo account
We always recommend our users to start off with a free demo account, this is especially important if you are a beginner. Why risk it before you understand the platform? It might be that you try the free demo and realize this is not the right broker for you.
When you sign up through us you will always get access to a free demo account, if you do not get the access. Send us an email and we will help you out.
Utilise the demo account well before you get started, try the platform, make a lot of trades, see if you can gain a profit. See what assets are available and most important try to have fun.
Once you are ready to transition to real money, be aware that there are some key differences between trading with a free demo account and real money. Perhaps mainly, the psychological factor. You’ll sweat more when it’s your own money that you are trading with.
What about other trading platforms?
There is a ton of brokers out there, most certainly equally good options to our recommendations too. Do your research before you pick a broker, don’t just check our site, make sure to check all guides out there before you decide. Just keep in mind that most guides are paid to make recommendations.
We think its really important that you actually look at the brokers too, not just read reviews about what others thing. Its fine to start off there, but also make sure you check out the broker itself. Do they have a nice website? Do YOU like the feel of their platform? Impressed? Not impressed? At the end of the day, you will be the one putting your money on the line and investing your free time into this.