Best Trading Platform For Beginners UK

Are you new to speculative trading and looking for the best trading platform in UK? Then you are at the right place. We can give you advice on which trading platforms that are good to start trading with, and we have also put together a list of the best trading platforms for beginners in the UK.

Below you can find tips on what to look for in an investment platform for beginners, but first a list of the best platforms.

Here Are The Best Trading Platforms For Beginners in the UK 2018

BullMarketz.com provides detailed and constantly updated broker reviews that help people from all over the world find reliable online trading services. All of our recommendations are based on rigorous testing done by a team of professionals and are guaranteed to be unbiased and neutral at all times.

Last update: 2018-11-14

Risk Warning:

Your capital will be at risk when using any of the recommended brokers on this page. Never invest money you can’t afford to lose. Using a high leverage can result in big losses. Between 65-89% of retail investors lose money when trading contracts for difference (CFD). Bullmarketz may be compensated by some of the brokers listed on our website.

Is CFD Trading allowed in your country?

CFD Regulation Country by Country. The CFD trading services we are listing in this article is avalible in the following countries.

Europe:

  • Albania
  • Australia
  • Bosnia & Herzegovina
  • Bulgaria
  • Croatia
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Kosovo
  • Latvia
  • Lithuania
  • Macedonia
  • Malta
  • Moldova
  • Montenegro
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Romania
  • Russia
  • Serbia
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • Turkey
  • Ukraine
  • United Kingdom

Excluded: Belgium

North America

  • Belize
  • Canada
  • Costa Rica
  • Cuba
  • Guatemala
  • Honduras
  • Jamaica
  • Mexico
  • Nicaragua
  • Panama
  • Puerto Rico
  • The Bahamas

Excluded: United States

South America

  • Argentina
  • Bolivia
  • Chile
  • Colombia
  • Dominican Republic
  • Ecuador
  • Guyana
  • Paraguay
  • Peru
  • Suriname
  • Uruguay
  • Venezuela

Excluded: Brazil

Africa

  • Algeria
  • Angola
  • Benin
  • Botswana
  • Burkina Faso
  • Burundi
  • Cameroon
  • Central African Republic
  • Chad
  • Democratic Republic of Congo
  • Egypt
  • Eritrea
  • Ethiopia
  • Gabon
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Kenya
  • Lesotho
  • Liberia
  • Libya
  • Madagascar
  • Malawi
  • Mali
  • Mauritania
  • Morocco
  • Mozambique
  • Namibia
  • Niger
  • Nigeria
  • Republic of the Congo
  • Rwanda
  • Sierra Leone
  • Somalia
  • South Africa
  • South Sudan
  • Sudan
  • Swaziland
  • Tanzania
  • The Ivory Coast
  • Togo
  • Tunisia
  • Tunisia
  • Uganda
  • Western Sahara
  • Zambia
  • Zimbabwe

Middle East

  • Georgia
  • Armenia
  • Azerbaijan
  • Iran
  • Iraq
  • Syria
  • Lebanon
  • Cyprus
  • Israel
  • Jordan
  • Saudi Arabia
  • Kuwait
  • Bahrain
  • Qatar
  • United Arab Emirates
  • Oman
  • Yemen

Asia

  • Afghanistan
  • Bangladesh
  • Cambodia
  • China
  • China
  • India
  • Indonesia
  • Japan
  • Kazakstan
  • Kirgizistan
  • Laos
  • Malaysia
  • Mongolia
  • Myanmar
  • North Korea
  • Pakistan
  • Papua New Guinea
  • Philippines
  • Singapore
  • South Korea
  • Sri Lanka
  • Thailand
  • Turkmenistan
  • Uzbekistan
  • Vietnam

Excluded: Hong Kong

Oceania:

  • Australia
  • New Zealand

See Top Five Best Rated Trading Platforms in UK Below:


1. Markets.com
Markets.com is one of the best trading platforms for beginners in the UK for the same reason that 24Option is. However, instead of offering the MetaTrader 4, Markets.com offers the MetaTrader 5.

The difference between the two platforms is that the MT4 was designed mostly for forex trading while the MT5 is better suited for other CFD trading.

In other words, Markets.com is a good trading platform for beginners looking to trade CFDs.

Platform: The MetaTrader 5
Assets: Currencies, stocks, commodities, cryptocurrencies
Educational Material: Everything from ebooks to webinars, videos, and classes
Demo Account: Yes

Read our Markets.com Review

Find the best trading platform. You capital is at risk when trading. Be careful.


2. eToro
When it comes to trading platforms for beginners, no one does it better than eToro. By providing a unique copy trading platform that lets you copy other more successful traders, eToro can help you increase your profitability. In addition, the broker provides a satisfying number of tradable assets and some of the best educational material in the industry. In fact, eToro has done everything the can to accommodated to beginners.

Platform: eToro Copy Trading Platform
Assets: Forex, stocks, cryptocurrencies, indices, and more.
Educational Material: A very comprehensive educational program for beginners and experienced traders.
Demo Account: Yes

Read our eToro review

Find the best trading platform. You capital is at risk when trading. Be careful.


3. Plus500
This is one of the top leading brokers, and they also have one of the most beginner-friendly platforms. It’s easy to get started trading with Plus500, and their exceptional educational material makes it even easier for you to learn all the necessary basics.

If you’re a beginner, we suggest you open a Plus500 demo account before you get started trading with real money.

Platform: Developed by Plus500
Assets: Stocks, indices, currencies, cryptocurrencies, commodities, ETF, and more
Educational Material: Comprehensive guides and videos for beginners and experienced traders
Demo Account: Yes

Read our Plus500 Review

Find the best trading platform. You capital is at risk when trading. Be careful.


4. AvaTrade
AvaTrade has been a leading online brokerage in the UK and Europe for several years. They have a unique setup of several great platforms for different markets and you can use the demo account to practice trading before you register. In terms of education and support for beginners, AvaTrade is industry leading. Their material spans from videos for beginners to a detailed eBook that’s been designed to enhance your trading knowledge.

Platform: MetaTrader 4, AvaTradeGo (mobile), a web trader and more.
Assets: Hundreds of assets from all the most common markets.
Educational Material: AvaTrade’s educational material is some of the best.
Demo Account: Yes

Check out our AvaTrade review

Find the best trading platform. You capital is at risk when trading. Be careful.


5. IG Markets
IG Markets is one of the top brokers based in England and they are a perfect match for beginners, but also incredibly popular with experienced traders. What makes IG Markets unique compared to the other brokers is that they offer spread betting in addition to forex and CFD trading.

Spread betting is completely tax-free in the UK which is great when you’re just getting started since you get to keep all of your profits.

Platforms: The MetaTrader 4 plus their own trading software for experienced traders
Assets: Stocks, indices, commodities, cryptocurrencies, and more
Can also be used to buy stocks from the exchanges
Educational Material: You can literally learn everything you need to know about trading from IG Markets
Demo Account: Yes

Read our IG Markets Review

Find the best trading platform. You capital is at risk when trading. Be careful.

Other Trading Platforms for UK traders:

Find the best trading platform. You capital is at risk when trading. Be careful.

Not a beginner? Then there are other trading platforms that probably suits you better. Check out our recommendations of the Best Trading Platform, Best Stock Trading Platform UK, and Best Forex Trading Platform UK to learn more!

As you probably can imagine beginners and advanced traders look for different things when searching for brokers. A seasoned trader probably focuses on maximum deposits, maximum investments per position, advanced charting tools, etc. But a trading platform for beginners needs to offer different features. For example, a demo account is a must for beginners and so is good educational material and easy to use features.

Naturally, we took all of this into consideration when we went searching for the best investment platforms for beginners in the UK, and we have listed the most important requirements for beginners below.

All the Best Trading Platforms for Beginners Come With a Demo Account

A demo account is a risk-free account that you can use to practice trading without the risk of losing any money. In addition, it gives you the opportunity to test different trading platforms to see which one fits you the best. It’s extremely beneficial for beginners since it gives them an advantage when they finally start trading for real money.

Because of this, all the trading platforms that we’ve recommended below all offer demo accounts and they are all free meaning you don’t have to deposit any money to open them.

Beginner Platforms Have to be Licensed

We only recommend licensed and regulated brokers because it is way too risky to use a service that is not regularly monitored. Since this article is aimed at the UK market, the brokers and platforms we recommend are all licensed by the FCA in the UK or possibly by the CySEC in Cyprus which is enough to be regulated in Europe.

As a beginner, you need to understand the importance of only using regulated brokers, and you can always trust our recommendations to be safe.

In addition, the following aspects are more important for beginners than more experienced traders.

Low Fees and Minimum Deposits

Nobody wants to pay high fees for their trading so you always want to find a broker that offers fair costs for the assets you want to trade. As a beginner, you also want to make sure that the trading platform allows for low minimum deposits since you might not feel comfortable depositing large amounts of capital at once.

Basic Educational Material

There is one thing that all beginners have in common, a lack of knowledge. And trust us, there is nothing wrong with that. However, it is important that you spend time learning all the skills you’ll need to succeed, and most people prefer to do so with a broker. Today most trading platforms provide articles, videos, webinars, etc. to help their customers optimize their skills.

What Markets Are Good For Beginners?

This is a completely personal decision, and it’s up to each and everyone to decide for themselves. That means that the best trading platforms for beginners usually offer access to a range of different markets. Check out our summary of the most common ones below.

Forex Trading – All of the brokers we recommend offer forex trading in one shape or another. In fact, the forex market serves as the foundation for most beginners and, in our opinion, it’s a good market to get started on.

Stock Trading – Many beginners tend to be interested in trading stocks since it’s a market that we all have a connection to and can relate to. Luckily, all of the best trading platforms for beginners offer stock trading and some even let you choose between derivatives trading and trading from the exchanges.

Commodities – For many professional traders, the commodity market is used to diversify portfolios and add some extra excitement to the trading experience. For beginners, the commodity market is a great way to learn more about the difference between futures and spot prices as well as how commodity prices affect our everyday lives.

Cryptocurrencies – The cryptocurrency market is booming, and lately, we have seen a massive increase in beginners looking for platforms to trade cryptocurrencies on. In fact, today, a large part of new traders get started because of their interest in digital currencies, and it’s not until later that they start trading other assets. All the brokers listed below offer cryptocurrencies and some tend to have better selections and products than others.

Other Markets – Other popular markets that are offered on these beginner platforms are:

  • Indices
  • Exchange-Traded Funds
  • Bonds

Always Prioritize Safety

We have already mentioned this subject but think it’s so important that we have to get into the details. Safety is the number one concern for us when we evaluate brokers for our readers and for ourselves, and it should be for you too.

All forms of trading are associated with the risk of losing one’s invested capital, which is what makes trading exciting in the first place. There is no way of avoiding this risk, and it’s something everyone has to accept. That being said, there are certain ways of minimizing the risk.

Practicing and gaining knowledge goes a long way in terms of avoiding unnecessary risk, and this is especially true for beginners. By spending the time needed to learn how one can trade smart and execute a trading plan, you can limit a lot of the risks and losses that many beginners experience. All of the trading platforms for beginners that we’ve recommended above offer educational material and training in some form, and so do we. In fact, this site was created in order to provide traders with the knowledge and information they need to succeed as traders. For example, we have detailed guides about the most popular markets as well as a section dedicated to useful skills.

As mentioned, opening a demo account is another great way of limiting some of the risks, and it gives you the opportunity to prepare yourself for real trading.

However, this is not the most important risk to be aware of since in the end, losing some invested money is completely inevitable. Instead, we mean your actual safety while picking the right trading platform for beginners in the UK.

Stay Safe and Avoid Scams

Unfortunately, the trading industry has attracted a lot of dishonest actors and services and these need to be avoided. Way too often, we hear stories about beginners signing up for trading accounts with unreliable brokers just to have their money stolen from them.

In a perfect world, every broker would be safe and reliable, but that’s not the case. Luckily, there are some easy ways to avoid getting scammed.

The easiest solution of them all is to follow our recommendations because we would never recommend an unsafe service. In other words, if you sign up with any of the brokers we recommend, you will be safe and sound.

If you, for any reason, feel like choosing a broker on your own there are a few ways for you to evaluate a broker’s safety measures as well. You see, in order for a broker to be considered serious and safe they need to have a license to offer their services and they have to be regulated.

In Great Britain, the Financial Conduct Authority (FCA) is responsible for regulating and licensing brokers, and any services that have been approved by the FCA are safe. It’s as easy as that.

In addition, there are other regulatory bodies that oversee and safeguard the European market, the most prominent being the Cyprus Securities and Exchange Commission (CySEC).

What we want to emphasize is that all of the brokers recommended on this site are regulated and safe and you can always double check that by visiting the broker’s website. Another alternative is to visit the FCA or CySEC websites to make sure that the broker you’re interested in is actually licensed.

It probably goes without saying, but any trading platform for beginners that has been listed on a blacklist, either ours or one from regulatory bodies, needs to be avoided at all costs.

Trading Platforms Based on Other Criteria

At this point, you should have an understanding of what’s required of a trading platform, especially one that targets beginners. All in all, these beginner trading platforms need to be easy to use, offer demo accounts, have good educational material, be safe, and so forth. But what about other trading platforms? For example, what do trading platforms for professionals offer? In order to help you and others understand the differences, we have evaluated and recommended the best trading platforms based on many other requirements.

Best Forex Trading Platforms UK

When you first get started trading, you’re probably excited by all of the opportunities and choices that the best trading platforms for beginners offer. However, soon you will realize that certain markets interest you more and you will start developing unique skills for specific assets. One of the most popular markets is the forex market, and if that is what interests you, you’ll need to find the best forex trading platforms in the UK.

Best Stock Trading Platforms UK

For the same reason as some people prefer trading forex, others prefer stock trading. If you belong to that group of traders, you will have to find a broker offering as many stocks as possible, low fees for stock positions, good analytic tools both technical and fundamental, and maybe even long-term investment options. In other words, you will be looking for the best stock trading platforms in the UK.

Our Reviewing Process

As mentioned, we have all been beginners at some point, and that’s what we try to channel when looking for the best trading platforms for beginners in the UK. We go back to the beginning and try to remember what we looked for as beginners and more importantly what we wish we would have had access to.

We also reach out to other traders, both experienced and beginners, to see what they have to say and what insights they can offer. This information is later used as our foundation when we start evaluating the trading platforms.

After that, we give the broker and their trading platform a thorough evaluation based on the requirements mentioned on this page, and if a trading platform turns out to not be so beginner-friendly, we move on to the next one.

Final Words

In the early stages of one’s trading career, things have a tendency to feel overwhelming. There are so many new terms to learn, a huge number of brokers and platforms to choose between, a ton of new and seemingly complicated tools to master, etc. Because of this, it is very important that you find a trading platform that’s suitable for beginners and a broker that offers all of the features you need to feel comfortable.

To help you guys out with this, we have searched high and low looking for the best trading platforms for the beginners in the UK and abroad, and we have collected our results on this page.

The five brokers that we listed above offer the five best trading platforms for beginners with a range of easy to use tools, educational material, guides, and everything else you could think of. So if you’re just getting started in the world of trading, we suggest you give the brokers above a shot. And if you’re not sure which broker will suit you better, we encourage you to open a demo account with each one and test them out. It’s important that you choose a broker that you like, and therefore it’s advisable that you actually try them out before you get