Best broker for day trading uk for day trading is an important decision that can impact your profitability. When looking for a day trading platform, you want one that offers low fees, tight spreads and numerous supported assets. You should also consider how easy it is to make deposits and withdrawals.
IG Markets is a well-established UK broker that offers a full selection of CFD and spread betting markets on stocks, ETFs, indices, currencies, cryptocurrencies and commodities. The firm has been around for over 45 years and is regulated by the FCA, with customers eligible for compensation from the Financial Services Compensation Scheme (FSCS). IG is a popular choice for day traders who use spread bets, as they can benefit from being tax-efficient in the UK (via their Stocks and Shares ISA accounts).
Choosing the Best Broker for Day Trading in the UK: Factors to Consider for Successful Trades
The company also provides a mobile trading app that offers all of the same analysis tools as the web trading interface, along with a variety of charting options. Traders can also access a wide range of research reports, news and economic data, as well as a number of free-to-use technical analysis tools.
eToro, a multi-asset platform, is another popular choice for day trading in the UK. This broker is a member of the FTSE 250 and offers a range of trading instruments, including shares, ETFs, bonds, commodities and forex. Its platform is available on both desktop and mobile devices, and it supports UK debit/credit cards and e-wallets. eToro also offers a unique feature called Copy Trading, which allows users to replicate the trades of other eToro traders.