The 3 best Binary Options software.
Choosing a Binary Options trading software is one of the crucial tasks every trader must complete. Without efficient software, one cannot achieve what one truly aspires to when trading. It may even lead you to incur losses.
A wise trader won’t ever want to lose their profits due to this pitiful reason. That is why you won’t find a professional trader trading on untrusted software. Choosing good software becomes a must when you put your money on the line.
Choosing the best binary options software.
Users must choose trustworthy Binary Options trading software to protect their money and themselves from fraud. To select a trading software, you should consider these parameters:
Check if a recognized authority regulates the software Check the pay-out percentage your broker provides Check the minimum deposits required to create your legitimate account Check if the software charges a fee regarding deposits and withdrawals.
Top 3 Binary Options software in comparison:
When choosing binary options trading software, you should consider the above parameters. However, researching on your own may consume a lot of your time. We have researched on your behalf to save your precious time. Here are the top 3 binary options software for beginners and professional traders:
#1 Quotex.io.
Established in 2022, Quotex has become a major trading software, allowing traders to invest in more than 100 markets. The software provides up to 95% pay-out, making it a viable option for many traders. Furthermore, it operates in more than 20 countries and provides different language options.
Quotex is a safe and secure online platform for trading as International Financial Market Relations Regulation Center (IFMRRC) regulates it. Let us look at the key features Quotex provides its clients.
Key features.
Regulation IFMRRC (International Financial Market Relations Regulation Center) Minimum deposit $10 Minimum trade amount $1 Maximum trade amount $1,000 Demo account Free and unlimited Bonus Up to 100%+ Yield Up to 95%+ Fees No additional fees.
(Risk warning: your capital can be at risk)
How to download it?
Quotex provides its services for almost all devices. Therefore, no matter your device, you won’t lose control of your trading account. Downloading their app is also an easy task.
For Android and IOS users, Quotex is free on Google Play Store and Apple Store. If you are a desktop user, visit Quotex’s website. You will find the link on their website to download the software to your PC. Alternatively, a user can also sign up directly on the website.
How to trade with Quotex?
The steps to trade with Quotex.io is easy and suitable for novice traders. The software allows you to trade in various underlying assets, including stock indices, trade forex, and others.
Since it is a new broker, the management is working hard to bring more and more tradable assets to the software.
A step-to-step guide for trading with Quotex.io is given below:
Choose a tradable asset Choose the expiry time (ranges from 60-seconds up to 4 hours) Choose the investment amount Predict the trade direction Wait for the end of the trade.
If the price move in the direction you predicted, you have won the trade. You can later withdraw your profits from the account. Quotex has set the minimum trading amount as $1, reducing the risk to a large extent.
Quick tip! Choosing the expiry time may become a tricky task for many traders. Therefore, always make necessary calculations before entering the duration.
Let us look at how you can deposit money or withdraw your profits from the Quotex software.
(Risk warning: your capital can be at risk)
Deposit and withdrawal methods.
Any trader can easily deposit and withdraw their funds from their Quotex account. When depositing, remember that you need to deposit at least $10 for a successful transaction.
Quotex does not charge any additional fee from its users, and you can instantly deposit your funds.
Some key features of deposit methods are:
The minimum deposit is $10 . Quotex accepts funds through credit cards, debit cards, cryptocurrencies, e-wallets, and others. Payment methods depend on the country you live.
You can withdraw your earned profits with the same method as deposits. The transactions are safe and incredibly fast. Fortunately, there is no withdrawal limit.
Customer support.
You can contact Quotex customer support 24/7. It is provided in more than 20 languages, including English, French, Hindi, and many more. The only potential disadvantage is that Quotex.io does not have phone support. Customer support is approachable only through email or live chat.
(Risk warning: your capital can be at risk)
#2 IQ Option.
This broker has been in the market since 2012 and has gathered global clients. IQ Option is one of the most reliable online brokers.
The software provides many features that help make your trading more efficient. For instance, the speed trading service offers increments within 5-minutes.
Good to know! IQ Option does not operate in many countries. These include the USA, Australia, Canada, Russia, Belgium, Japan, Turkey, Israel, Iran, Sudan, and Syria.
Key features.
Regulation CySEC Minimum Deposit $10 Minimum Trade Amount $1 Maximum Trade Amount $5000 Demo Account Free and unlimited Bonus Up to 100%+ Yield Up to 95%+ Fees No additional fees.
(Risk warning: your capital can be at risk)
How to download it?
Like Quotex, the IQ Option app is available on all major platforms like Android, IOS, Linux, and Windows. You can download it from the Google Play Store, Apple Store, or their website.
How to trade with IQ Option?
Trading with IQ Option is almost identical to Quotex and other software on the list. You can choose from more than 500+ assets. However, the only tradable commodity on IQ Option is Gold.
Some key features of trading with this software are:
IQ Option allows you to place multiple trades simultaneously You can choose an expiry time of up to a month The minimum trade amount is $1, while the maximum is $5000.
Deposit and withdrawal methods.
IQ Option provides instant transaction services to its clients. Some noticeable features of these methods are:
IQ Option accepts major payment options such as credit and debit cards, e-banking, and cryptocurrency The minimum deposit amount is $10 When withdrawing, the minimum amount is $2, and the upper limit is $1 million.
Customer support of IQ Option.
It has customer support which is available 24/7. You can contact them via email, phone, or a web form. However, no live chat support is available for the clients.
(Risk warning: your capital can be at risk)
#3 Pocket Option.
It is another software that allows users to trade more than 100 different assets. Since its establishment in 2022, Pocket Option has gathered clients from over 95 countries.
IFMRRC regulates this software to ensure that the customers do not face any inconvenience. All transactions are safe and secure with Pocket Option. Its key features are as below.
Key features.
Regulation IFMRRC Minimum Deposit $50 Minimum Trade Amount $1 Maximum Trade Amount $5000 Demo Account Free and unlimited Bonus Up to 50%+ Yield Between 80% to 100% Fees No additional fees.
(Risk warning: your capital can be at risk)
How to download it?
Pocket Option is primarily a web-based platform, but they also provide services for IOS and Android through their app. This app connects the users to the trading community worldwide. The Pocket Option app is available on both the Play Store and Apple Store.
Their user-friendly interface allows the clients to easily navigate through the app and carry out their trading activities.
How to trade with Pocket Option?
Follow the same steps mentioned above to do trading activities with Pocket Option. It allows you to trade more than 100 assets and provides you with 30 different indicators to assist you with judgment.
However, one disadvantage to Pocket Option is that it only provides the high/low trade type. High/low is a simple trade type, but only trading in it may narrow your portfolio.
(Risk warning: your capital can be at risk)
Deposit and withdrawal methods.
Again, the deposit and withdrawal methods vary from country to country. However, the minimum deposit amount with Pocket Option should be at least $50 . You can deposit funds using these payment methods:
The minimum withdrawing limit from your live trading account is 10 USD. Since Pocket Option uses USD as their base currency, you can withdraw in USD only.
Quick tip! If you do not live in the USA, you should keep a check on currency conversions. Many banks charge a fee while converting the amount into local currency.
Customer support.
Pocket Options’ customer support is readily available to take your queries and solve them. You can get the contact details from their official website. You can reach their customer support via live chat, email, phone, web form, and social handles.
(Risk warning: your capital can be at risk)
Conclusion: Quotex is the best software.
These were some of the top software for binary options trading. You can look at the features and pick the best one for yourself.
In our comparison, Quotex is definitely the best software for beginners and even advanced traders. It got the highest payout, the most features and a free bonus to get!
(Risk warning: your capital can be at risk)
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(Risk warning: Your capital can be at risk)
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Opciones binarias 2022.
¿Estás cansado de la deuda? ¿No tienes suficiente dinero para un sueño? ¿Se pregunta dónde obtener un depósito rápido? ¡Entonces mi revisión honesta será interesante y útil para ti!
Opciones binarias 2022.
Bitcoin BOT es un software de negociación automatizado que, según se afirma, funciona 0,01 segundos más rápido que el promedio del mercado; afirma ayudar a muchos de sus comerciantes a obtener ganancias diarias mediante el comercio de Bitcoin y muchas otras criptomonedas. Siguiendo las señales del mercado, se ha descubierto que Bitcoin BOT funciona mucho más rápido que la mayoría de los algoritmos comerciales, lo que permite a los operadores realizar operaciones rentables mucho más rápido.
Cómo funciona el BOT de Bitcoin.
1. Regístrese en Bitcoin BOT.
El primer paso para el comercio posterior con Bitcoin BOT el registro de la cuenta es gratuito. Vaya al sitio web e ingrese su nombre, correo electrónico y número de teléfono en el formulario en la parte superior de la página de inicio. Luego haga clic en "Registrarse ahora" para continuar con el proceso de registro.
2. Abra una cuenta con un corredor asociado.
Como señalamos anteriormente, Bitcoin BOT no es un intermediario y no retiene sus fondos por sí mismo. En cambio, funciona con corredores externos que mantienen sus fondos en una cuenta dedicada. Bitcoin BOT tiene acceso administrativo a esta cuenta, lo que permite que la plataforma opere en su nombre (pero no retire fondos).
3. Verifica tu identidad.
Para completar la configuración de su cuenta de corretaje, debe verificar su identidad. Para hacer esto, deberá cargar una copia de la página de la foto de su pasaporte o licencia de conducir. También deberá cargar un extracto bancario reciente o un estado financiero que demuestre su dirección actual. La mayoría de los corredores asociados de Bitcoin BOT pueden verificar sus documentos en línea en cuestión de minutos.
4. Depositar fondos.
Ahora está listo para depositar fondos. Bitcoin BOT requiere un depósito mínimo de 250€, que puede retirar en cualquier momento si no está satisfecho con la plataforma.
5. Comience a operar con Bitcoin BOT.
Después de depositar fondos, puede activar su cuenta Bitcoin BOT. Se tarda unos 20 minutos en configurar los parámetros comerciales automáticos. La plataforma le dará instrucciones sobre cómo hacer la configuración.
Aplicación Bitcoin BOT: ¿legítima o estafa?
Sí, Bitcoin BOT parece ser un software comercial legítimo. Se ha dicho que tiene una tasa de precisión extremadamente alta de hasta el 90% al ejecutar operaciones. Según varios usuarios, puede ganar € 1000 todos los días depositando al menos € 250 en su cuenta. Además, Bitcoin BOT ofrece funciones clave, como órdenes stop-loss y cuentas de demostración que incluyen una sesión de negociación en vivo. Varios reguladores financieros de Nueva Zelanda y algunos otros países han emitido advertencias contra las ganancias reales de bitcoin, según algunas fuentes en línea. Sin embargo, no hay evidencia concluyente que sugiera que Bitcoin BOT es un esquema fraudulento. El comercio de criptomonedas y Bitcoins requiere que los comerciantes sean conscientes de que el mercado de criptomonedas es extremadamente volátil y que sus inversiones son vulnerables a los riesgos del mercado como resultado de esta volatilidad. Los testimonios accesibles en su sitio web, por otro lado, hacen grandes promesas que son difíciles de verificar, y es probable que una gran cantidad de dinero mencionada no se haya obtenido legalmente a través de las ganancias de Bitcoin.
Además, la afirmación del bot de tener una precisión del 90% es difícil de aceptar, especialmente dada la falta de datos para respaldar esas afirmaciones. Además de las afirmaciones más extremas, las calificaciones y los testimonios de sitios web externos indican que algunos usuarios también han obtenido ingresos decentes utilizando la plataforma, además de las promesas más extremas.
Estabas interesado Opciones binarias 2022 ?
Si tiene alguna dificultad o tiene alguna pregunta o inquietud sobre el robot comercial, puede comunicarse con el servicio de atención al cliente en cualquier momento del día para obtener ayuda. Intentamos comunicarnos con el servicio de atención al cliente tres veces y cada vez nos conectamos con un empleado amable que estaba más que ansioso por brindar la asistencia que necesitábamos. En el mercado actual, la mayoría de las plataformas de comercio de criptomonedas imponen tarifas en varios puntos de contacto, como depositar y retirar fondos y ejecutar órdenes comerciales. Como resultado, muchas personas consideran que el comercio de criptomonedas es una tarea desagradable. Bitcoin BOT elimina toda forma de honorarios, comisiones y costos ocultos como resultado de esta filosofía. No hay obstáculos económicos que te impidan participar.
Revisión de Bitcoin BOT – Veredicto.
Como parte de nuestra revisión BOT de Bitcoin para España, descubrimos que esta plataforma automatizada ofrece una forma prometedora de ingresar al mundo del comercio de criptomonedas. En solo 20 minutos, puede configurar un algoritmo basado en IA para operar con Bitcoin y otras monedas digitales populares en su nombre.
opciones binarias 2022.
In case you have found a mistake in the text, please send a message to the author by selecting the mistake and pressing Ctrl-Enter.
Software de opciones binarias 2022.
Crypto bot Bitcoin-Smarter Software de opciones binarias 2022.
Broker comparison: cheap investment platforms UK.
F ind the cheapest investment platforms in the UK and make broker comparison easier with our tables below. Investment costs are all-important, so we’ve placed the cheapest brokers at the top of each table.
Disclosure: Links to platforms below may be affiliate links, where we may earn a small commission. It doesn’t affect the price you pay nor how we judge the brokers.
Recent broker and investment platform activity.
Not much going on with the brokers right now – it’s the middle of winter and the Christmas festivities after all – but we have taken a moment to update the entries in our table.
These changes include a new bill of fees from Fidelity. However there’s a slightly confusing faff to be aware of here.
Fidelity is applying its new platform fee from 1 February, but its refreshed share dealing and FX charges come in earlier – from 16 January.
The simplest way to express this in our table is to show shows all price changes now that will be effective from 1 February. Two weeks of slightly different fees won’t make a massive difference for 99% of investors. But do note the 16 January date if you manically trade US shares, for example.
Otherwise those generous cashback offers from a couple of the big players have been pulled, and there’s not much else going on. Such bonuses typically perk up as we approach ISA season.
Remember investing is a long-term game. Don’t let cashback offers or the like sway you from choosing the right platform for your needs.
How to compare brokers using our table below.
Use our three broker comparison tables like this:
Beginners – start with the percentage-fee brokers table. If your portfolio is worth over £20,000 (or £66,000+ in a SIPP) – consider the flat-fee brokers table. Active traders – compare brokers on the trading platforms table. Type your favourite broker into the search field and the table collapses to just that broker. (Assuming you know which table it’s in.) Mobile users : to see all the columns of our broker comparison table, please rotate your phone to landscape view.
Flat-fee broker comparison.
Platform Annual fee Fee notes Trading: Funds Trading: ETFs, ITs, & shares Regular investing FX fee Entry/exit fee Good for Lloyds Bank Share Dealing Single £40 fee if you hold ISA & trading account n/a £1.50 £11* £1.50 1% £0 - Shares ISA £40 n/a £1.50 £11* £1.50 1% £0 Unrestricted fund portfolios >£18k, (£43k vs Vanguard) Trading £40 n/a £1.50 £11* £1.50 1% £0 As above SIPP n/a n/a n/a n/a n/a n/a n/a - Interactive Investor £119.88 Investor Plan (1 free trade a month) £239.88 Super Investor (2 free monthly trades) £5.99 (£3.99 Super Investor) £5.99 (£3.99 Super Investor) £0 1.5% £62k (£120k vs Vanguard) Halifax/Bank Of Scotland Share Dealing Single £36 fee if you hold ISA & trading account n/a £9.50 £9.50 £2 1.25% - - Shares ISA £36 n/a £9.50 £9.50 £2 1.25% £0 - Trading £36 n/a £9.50 £9.50 £2 1.25% £0 - SIPP £90 if SIPP £50k +£180 p.a. drawdown, £90 per UFPLS £9.50 £9.50 £2 1.25% Entry: £60 per transfer. Max £300. Exit: £0 - iWeb £100 one-off account opening fee n/a £5 £5 n/a 1.5% - Large unrestricted portfolios if you rarely trade. Check vs ii and Lloyds Shares ISA £0 n/a £5 £5 n/a 1.5% £0 - Trading £0 n/a £5 £5 n/a 1.5% £0 - SIPP £90 if SIPP £50k +£180 p.a. drawdown, £90 per UFPLS £5 £5 n/a 1.5% Entry: £60 per transfer. Max £300. Exit: £0 - InvestEngine £0 (DIY service) ETFs only – restricted list n/a £0 daily fixed times n/a £0 £0 - Shares ISA £0 n/a n/a As above n/a £0 £0 ETF portfolios Trading £0 n/a n/a As above n/a £0 £0 As above SIPP n/a n/a n/a n/a n/a n/a n/a - Freetrade - Smartphone app only. Restricted ETF list n/a £0 n/a 0.45% £0 - Shares ISA £59.88 n/a n/a £0 n/a 0.45% £0 - Trading £0 n/a n/a £0 n/a 0.45% £0 ETF portfolios SIPP £119.88 No drawdown n/a £0 n/a 0.45% £0 ETF portfolios >£25k (£80k vs Vanguard) ShareDeal Active - No SIPP fee for first year £9.50 £9.50 n/a Variable Exit: £12 per holding +£60 per account - Flexible shares ISA £60 £18 per cash withdrawal £9.50 £9.50 n/a Variable As above - Trading £0 £18 per cash withdrawal £9.50 £9.50 n/a Variable As above - SIPP £118.80 +£180 p.a. drawdown, £120 per UFPLS £9.50 £9.50 n/a Variable As above - HSBC Invest Direct Single £42 fee if you hold ISA & trading account n/a No funds £10.50* n/a Variable Exit: £15 per holding - Shares ISA £42 n/a n/a £10.50* n/a Variable As above - Trading £42 n/a n/a £10.50* n/a Variable As above - SIPP n/a n/a n/a £10.50* n/a Variable As above -
Flat-fee investment platforms charge a fixed cost for their services. This pricing model is typically better for investors with large portfolios .
That’s because percentage fees can carve off huge chunks of cash from your wealth if your platform doesn’t cap them.
Percentage-fee broker comparison.
Platform Annual fee Fee notes Trading: Funds Trading: ETFs, ITs, & shares Regular investing FX fee Entry/exit fee Good for Vanguard Investor 0.15% £250k. Max £375 Tiered fee charged on sum of all accounts £0 £0 at fixed times, otherwise £7.50 n/a £0 £0 Cheapest for small investors Flexible shares ISA As above Vanguard investments only £0 As above n/a £0 £0 Restricted fund portfolios £500k Tiered fee charged per account. Fee cap on ETFs, shares, ITs, & bonds £1.50 £9.95* £1.50 0.75% £1m. Fee charged on sum of all accounts. Not tiered below £1m £0 £7.50 £1.50 (£0 for funds) 0.75% £1m Tiered fee charged per account £0 £4.95 n/a Not mentioned £0 Flexible Shares ISA As above n/a £0 £4.95 n/a Not mentioned £0 Trading As above n/a £0 £4.95 n/a Not mentioned £0 SIPP As above. Min £120 charge £0 drawdown/UFPLS £0 £4.95 n/a Not mentioned £0 Charles Stanley Direct 0.35% £2m. Tiered 0.35% on ETFs, shares, ITs & bonds. Min £24. Max £240. £0 if 1+ monthly trade £0 £11.50 n/a 1% £1.5m Tiered fee charged on sum of all accounts £0 £8.95 n/a Not mentioned £0 - Shares ISA As above n/a £0 £8.95 n/a Not mentioned £0 - Trading As above n/a £0 £8.95 n/a Not mentioned £0 - SIPP As above +£180 £0 drawdown bar £60 set up, £60 per UFPLS £0 £8.95 n/a Not mentioned £0 - Santander Investment Hub 0.35% £500k Tiered fee charged per account £0 n/a n/a n/a £0 - Shares ISA As above n/a £0 n/a n/a n/a £0 - Trading As above n/a £0 n/a n/a n/a £0 - SIPP n/a n/a n/a n/a n/a n/a n/a - Hargreaves Lansdown 0.45% £2m Tiered fee charged per account. Fee cap on ETFs, shares, ITs, & bonds £0 £11.95* £1.50 (£0 for funds) 1% £500k Tiered fee charged on sum of all accounts £0 n/a n/a n/a £0 - Flexible Shares ISA As above n/a £0 n/a n/a n/a £0 - Trading As above n/a £0 n/a n/a n/a £0 - SIPP As above £0 drawdown/UFPLS £0 n/a n/a n/a £0 - Wombat Invest 0.1% + £12 per account. Standard Plan Smartphone app only. Very restricted fund/ETF list £0 £0 at fixed times. Standard Plan n/a 0.75%. Standard Plan £0 - Shares ISA As above n/a £0 As above n/a As above £0 - Trading As above n/a £0 As above n/a As above £0 - SIPP n/a TBC n/a n/a n/a n/a n/a - Barclays Smart Investor 0.2% on funds. Min £48. Max £1.5k 0.1% on ETFs, shares, ITs, & bonds. Min £48. Max £1.5k £3 £6* £1 1% £2m - £0 £2.95 £6.95 buys 4 ETFs monthly, £13.95 buys 10 ETFs monthly £0 £0 - Shares ISA As above 0.25% on ETFs, shares, & bonds. £35.40 fee cap £0 £2.95 As above £0 £0 - Trading As above £0 for ETFs, shares & bonds £0 £2.95 As above £0 £0 - SIPP n/a n/a n/a n/a n/a n/a n/a - X-O.co.uk - No SIPP fee for first year n/a £5.95 n/a Variable - - Shares ISA £0 n/a n/a £5.95 n/a As above Exit: £18 per holding +£60 Cheapest stocks and shares ISA hack Trading £0 n/a n/a £5.95 n/a As above Exit: £18 per holding - SIPP £118.80 +£180 p.a. drawdown, £120 per UFPLS n/a £5.95 n/a As above Exit: £18 per holding +£60 - Trading 212 £0 Securities lending scheme n/a £0 n/a 0.15% £0 - Shares ISA £0 n/a n/a £0 n/a 0.15% £0 - Trading £0 n/a n/a £0 n/a 0.15% £0 - SIPP n/a n/a n/a n/a n/a n/a n/a -
We define a trading platform as a stock broker that encourages its users to buy and sell frequently.
To this end, some trading platforms promote speculative instruments such as Contracts For Difference (CFDs), currencies, and crypto.
They also provide a fast-moving, information-saturated environment that emphasises hyperactivity.
Platform fees are low-to-zero in this space. Revenue is instead generated by trading fees, spreads, and other methods.
Stick to the top two tables if your focus is on investing for the long-term in funds and ETFs.
Investment platforms comparison notes.
Charges may actually be due per month, quarter, six-monthly, or annually. Our broker comparison tables simplify that into an annual cost of service, including VAT.
Other charges may be applicable that aren’t included.
Asterisked trading fees indicate that a frequent trader rate is available.
Zero commission brokers generally make money from spreads, foreign exchange fees, and cross-selling of other services. (You’re not getting something for nothing!)
Accounts held with Halifax / Bank Of Scotland, Lloyds Bank, and iWeb count as one for the purposes of the Financial Services Compensation Scheme (FSCS).
Like other price comparison websites, we may be paid a bonus if you sign-up via a link . This does not affect what you pay.
This table is edited by fallible human beings. Do your own research. We fix mistakes as soon as possible but we cannot be held liable or accountable for any errors . Please add updates or erratas in the comments below.
Cheap investment platforms: Good for column.
The Good for column indicates the cheapest investment platform for each account type (ISA, Trading and SIPP) depending on whether you invest in funds or ETFs.
The cheapest percentage-fee broker for funds is Vanguard. However, it only stocks Vanguard funds.
If you’d prefer a broker that also offers non-Vanguard funds, then look out for the Unrestricted fund portfolios label in the Good for column.
The portfolio value (e.g. £18k) indicates the approximate threshold at which an investment platform is cheaper than its rivals. In each scenario:
The flat fee broker is cheaper than its percentage fee competitor above the given value (e.g. £18k). The percentage fee platform is more cost effective below the given value.
This broker comparison is offered for ISAs, SIPPs, and trading accounts. We also show the breakpoint vs Vanguard’s cheaper rate.
Our calculations assume one purchase per month and four sales per year. And also that you take advantage of lower-priced regular investment schemes when available.
The investing platform comparison threshold shifts, depending on how much you trade.
Cheapest broker FX fees.
Foreign exchange charges are paid for trading in securities that are listed in currencies other than sterling (GBP). Typically those securities are international shares and some ETFs.
FX fees are also due when a broker converts overseas dividends and interest into GBP.
These costs are levied as a percentage of each transaction. Assume they’re layered on top of the FOREX spot price. If we list an FX fee of £0, you’ll still pay the spot price where FX fees are applicable.
Please see our tips for avoiding FX fees. If your fund’s base currency is GBP then this cost won’t apply at the broker level.
Variable FX fees means you’ll have to contact the broker for its in-house rate before every trade if you want to know exactly how much you’ll pay in advance.
Not mentioned in the table means the platform does not disclose FX fees prominently on its website. It has also not responded to our enquiries about its rates.
FX fees aren’t an issue if a broker only stocks funds with a GBP base currency. This should be noted on a fund’s factsheet.
Some brokers use a tiered FX fee rate card. In other words, the percentage rate decreases on the amount of a transaction that falls into higher tiers. Please refer to your broker’s website for its full schedule where our table indicates it operates tiered pricing.
What matters when comparing brokers.
Investment platforms, stock brokers, and share dealing services are interchangeable names for websites or apps that enable you to trade and manage your portfolio of shares, funds, ETFs, and other investments online.
When you compare brokers, bear in mind that there isn’t a best investment platform out there that suits everybody. The stock broker market is competitive. Players try to standout by offering different pricing models and market niches.
The total price you pay for brokerage services is critical. That’s because controlling costs is a crucial factor in determining your long-term investment performance.
As investing luminary John Bogle said:
The two greatest enemies of the equity fund investor are expenses and emotions.
Our UK stockbrokers list can’t take the emotion out of investing but it can help you find the cheapest investment platform.
The best UK broker for you is likely to provide:
Low fees for the services you use most. The shares, funds, ETFs, and other investments you want. Platforms do not all carry the same range of products. The right level of customer service for your needs – don’t expect the lowest-cost platform to respond like lightning when you want it to handle complicated arrangements over the phone. The right user experience – if you want a flashy website and app then you’ll be able to tell who provides that from its home page. A broker with a clunky website and dirt-cheap fees is unlikely to prioritise investing in cutting-edge tech.
Check your investment platform is authorised by the FCA.
If your investment platform is authorised by the Financial Conduct Authority (FCA) then you may be entitled to compensation using the Financial Services Compensation Scheme (FSCS). Check a broker’s status using the FCA register.
Some platforms are owned by the same financial group. You do not diversify your risk by splitting assets across brands owned by the same group. Our investor compensation scheme guide (linked to above) explains how you can identify these brands.
Some brokers are based abroad – especially those listed in the Trading platforms table. Double-check they’re eligible for the FSCS compensation scheme.
Broker comparison: costs and fees.
The annual fee category is intended to capture the various types of service fee typically levied by investment platforms. For example custody fees, platform charges, administration fees, inactivity fees and so on, until the end of time / your tether.
Fee notes includes extra charges, options, inclusions, and exclusions that make a material difference to the price you pay.
A tiered fee means you’ll pay different amounts depending on the total value of your account(s).
If your account was worth £250,500 then you’d only benefit from the lower charge on the £500 that fell into tier 2. The remaining £250,000 would still be charged at the tier 1 rate of 0.25%.
Some brokers add up the total value of all your accounts with them when applying their tiers.
However others assess each account separately.
In this scenario (still using our tiered example rate above), you’d pay the tier 1 rate of 0.25% on your entire balance if you had £200,000 in an ISA and £200,000 in a SIPP.
Assume brokers count joint accounts separately from your individual account balances.
SIPP charges on the table don’t include all the various additional fees levied for services once you’re in drawdown.
The drawdown figure we do include is the annual charge you’ll pay for flexi-access drawdown . We’ll also include the fee for taking 25% tax-free uncrystallised funds pension lump sum (UFPLS) payments, if available.
Platforms levy various additional costs for extras such as telephone trading.
Check their full rates and charges schedule before committing.
Brokers also run temporary offers and discounts from time-to-time. Don’t let these sway your decision.
(Obviously they’re a lovely “How Do You Do?” if you were going to choose that brokerage anyway.)
Investment fees for funds, ETFs, and other products.
Stockbroker charges come on top of the investment fees you pay to fund providers for the management of their funds, ETFs, and investment trusts.
To ensure you’re paying competitive management fees compare:
Certain big name brokers sometimes negotiate small discounts on fund charges. If you’re tempted by those ‘bargain’ offers then make sure that your total cost of investment isn’t more expensive once you load on the investment platform’s fees.
This post shows you how to calculate a total portfolio cost for all the products you own.
Understanding account names.
Accounts names vary across the online broker universe. However they typically conform to the following types:
Trading – a taxable account often known as a General Investment Account (GIA) or brokerage account. Your investments are not tax-sheltered as they would be in a stocks and shares ISA or a SIPP. You will incur dividend income tax and capital gains tax on your investments if you exceed your allowances. Shares ISA / Flexible Shares ISA – a stocks and shares ISA. Tax-sheltered. Sometimes known as a Self-select ISA. A Lifetime ISA (LISA) is a special variant of a stocks and shares ISA. SIPP – Self-Invested Personal Pension. Tax-sheltered.
Switching investment platform.
Once you’ve decided to move, it’s fair to say that switching investment platforms isn’t as simple as it is with bank accounts.
For starters, beware of entry and exit fees when transferring your investments. These charges are shown in our broker comparison tables.
Entry fees may be charged by your new platform and exit fees may be charged by your old one.
You can expect a transfer to take several weeks and involve some form filling.
Always tick the box that requests your investments are transferred ‘in specie’ rather than sold down to cash as part of the switch. Make a record of everything you own in your portfolio, including how many shares / units you have. Finally, double-check your instructions have been carried out to the letter. Mistakes are surprisingly common.
Take a look at our specialised guides before you make a move:
Why are there only links to some brokers?
Links to brokers and investment platforms are affiliate links, where we may be paid a fee if you go on to open an account with them.
However we do not choose to include platforms in our table based on whether such affiliate fees are on offer, nor does the existence of such an arrangement change the fees you pay. It is a marketing payment made by the companies as an incentive for websites to drive traffic to their site.
We’d like more brokers to pay us when we introduce new customers. It helps us pay our way on Monevator !
Including all brokers – but only linking where an affiliate agreement is in place – is the best compromise we could come up with.
What this UK stockbrokers list won’t tell you.
For in-depth customer feedback on individual platforms, ask away in our comments or at Money Saving Expert’s Savings & Investments board, the ex-Motley Foolers on the Lemon Fool board, or reddit for a broader opinion.
Where is my missing trading platform?
We haven’t included every last option in our broker comparison table but we have included the most competitive players in the market.
We filter out any broker that:
Is too expensive Excludes index funds and London Stock Exchange ETFs Provides an extremely narrow investment range to the point that diversification is hampered.
We also don’t currently include platforms that exclusively provide managed investment services such as ‘robo-advisors’.
That’s because we believe most people are better off managing their own investments at a lower cost using a DIY passive investing strategy.
Do let us know if you think we’ve missed anyone or anything important.
@Marcus — I use Freetrade (among the several others) and I think it’s great for the cost but you have to realize it’s a different sort of broker to II going in. You can only trade in relatively small max value sizes (I think £9,600 from memory) which isn’t an issue all told (because execution fees are zero) but can be a faff if you’re used to dealing in size. Some stocks aren’t available. And it’s annoying to me when I trade that I can’t see the exact price I’m paying (I have to put in the order and get the market price) though that won’t be an issue if you’re a passive investor in ETFs or you invest in large liquid companies. I’m a shareholder in Freetrade too, so probably slightly biased.
Fidelity updated using Fidelity prices effective 1 Feb 2023. Good For column updated: ‘Good for’ summary: ISAs and Trading accounts Funds – Lloyds – for portfolios worth over £43k approx vs Vanguard (unrestricted choice) Funds – Vanguard – for portfolios worth below £43k approx (restricted choice) Funds – Charles Stanley – for portfolios worth below £18k approx and unrestricted choice (Vanguard cheaper but restricted) ETFs – AJ Bell (unrestricted choice) ETFs – Invest Engine (cheaper than AJ but somewhat restricted choice) SIPPs Funds – Interactive Investor – for portfolios worth over £120k approx vs Vanguard (unrestricted choice) Funds – Vanguard for portfolios worth below £120k approx (restricted choice) Funds – AJ Bell for portfolios worth below £62k and unrestricted choice (Vanguard cheaper but restricted) ETFs – Freetrade for portfolios worth over £80k approx vs Vanguard (somewhat restricted choice) ETFs – Vanguard for portfolios worth below £80k (restricted choice) ETFs – AJ Bell for portfolios worth below £25k (or any level for unrestricted choice) *The calculations assume one purchase per month and four sales per year, and that you take advantage of lower priced regular investment schemes when available.*
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