Best Brokers in The UK
After extensive tests, we’ve listed the top brokers for traders in the UK. These are firms authorised by the Financial Conduct Authority (FCA) and cater to UK-based users with access to British markets, support for pound sterling (GBP) accounts, and features that make managing an account straightforward from the UK.
Written ByRoyston Wild
Royston is a seasoned investor and financial writer with over a decade of experience analyzing brokers and investment markets. With a background in stocks, commodities, and forex reporting - he brings a fresh perspective to broker evaluations.
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Fact Checked ByTobias Robinson
Tobias is committed to helping traders find the right brokerage for their needs. He has tested 200+ brokers, spent 2,600+ hours using different platforms, and placed 2,100+ trades.
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Edited ByJames Barra
James is an experienced broker analyst with a background in financial services. He has spent 2,500+ hours testing brokers, used 35+ different platforms and apps, audited 120+ broker T&Cs, and verified 300+ regulatory licenses.
James Barra Profile PageApril 1, 2026
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1Founded in Australia in 2010, Pepperstone is a highly-rated forex and CFD broker with over 830,000 global clients. It provides access to 1,400+ instruments on top platforms like MT4, MT5, cTrader, and TradingView, with low, clear fees. Pepperstone is regulated by reputable bodies such as the FCA, ASIC, and CySEC, ensuring a secure trading environment.✓ Supports GBP Accounts
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2Founded in 2002 in Poland, XTB now serves over 1 million clients. This forex and CFD broker offers a regulated trading environment with a wide range of assets and a commitment to trader satisfaction, featuring an intuitive in-house platform with excellent tools for aspiring traders.✓ Supports GBP Accounts
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3Trade Nation is a leading foreign exchange and contract for difference broker regulated in various areas including the UK and Australia. This company provides affordable fixed and variable spreads on over 1000 assets and strong trading platforms and educational resources. Traders could use the Signal Centre for trading ideas.✓ Supports GBP Accounts
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4Interactive Brokers (IBKR) is a leading brokerage offering access to over 170 markets in 40 countries and a range of investment services. With 40+ years in the industry, this Nasdaq-listed company follows strict regulations by the SEC, FCA, CIRO, and SFC, making it a trusted global trading broker.✓ Supports GBP Accounts
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5Eightcap is an award-winning, FCA-regulated broker with low trading fees. They are highly rated by TradingView’s users, who can trade directly on the platform. UK traders can open a live account with a £100 minimum deposit. Eightcap is a multi-regulated forex and CFD broker founded in Australia in 2009. It is popular with active traders, offering 800+ instruments, tight spreads, and improvements like the TradingView platform, AI-powered financial calendars, and algo trading tools that require no coding experience.✓ Supports GBP Accounts
UK Trading Suitability Comparison
See how our top-rated firms stack up for traders based in the UK:
| Broker |  |
GBP Account |
FCA Authorised |
ISA Account |
UK Pro Account |
|---|---|---|---|---|---|
 |
✓ | ✓ | ✗ | ✓ | |
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✓ | ✓ | ✓ | ✓ | |
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✓ | ✓ | ✗ | ✗ | |
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✓ | ✓ | ✓ | ✗ | |
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✓ | ✓ | ✗ | ✗ | |
| Broker | |
GBP Account |
FCA Authorised |
ISA Account |
UK Pro Account |
Broker Details Comparison
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Assets |
Platforms |
|---|---|---|---|---|---|---|
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✓ | $0 | 0.01 Lots | 1:30 (Retail - UK, EU, Australia), 1:500 (Pro), 1:200 (Offshore), 1:400 (Kenya) | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto CFDs (only Pro clients), Spread Betting | Pepperstone Trading Platform, MT4, MT5, cTrader, TradingView |
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✓ | $0 | 0.01 Lots | 1:30 | CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs | xStation |
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✓ | $0 | 0.1 Lots | 1:30 | Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Spread Betting, Cryptos (Bahamas Entity Only) | TN Trader, MT4, TradingView |
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✓ | $0 | $100 | 1:30 | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies, CFDs Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower |
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✓ | £100$100 | 0.01 Lots | 1:30 | CFDs in Forex, Stocks, Indices, Commodities, Crypto | MT4, MT5, TradingView |
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Assets |
Platforms |
How Safe Are The Best UK Brokers?
FCA authorisation is a strong starting point, but we also looked at the practical protections and account safeguards available to UK clients:
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
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✗ | ✓ | ✓ | |
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✓ | ✓ | ✓ | |
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✓ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Mobile trading is now standard for many investors in Britain - here’s how our top UK brokers performed on smartphone and tablet:
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
|---|---|---|---|---|
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iOS & Android | ✗ | ||
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iOS & Android | ✓ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✓ | ||
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iOS & Android | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best Brokers in The UK are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
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✓ | $0 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $0 | 0.01 Lots | ✓ | ✗ | ||
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✓ | $0 | 0.1 Lots | ✗ | ✗ | ||
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✓ | $0 | $100 | ✓ | ✗ | ||
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✓ | £100$100 | 0.01 Lots | ✗ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best Brokers in The UK are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Expert Advisors (EAs) on MetaTrader | ✗ | ✓ | ✗ | ✓ | 1:30 (Retail - UK, EU, Australia), 1:500 (Pro), 1:200 (Offshore), 1:400 (Kenya) | ✓ | ✗ |
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✗ | ✗ | ✗ | ✗ | ✓ | 1:30 | ✓ | ✗ |
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Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | ✗ | ✗ | 1:30 | ✗ | ✗ |
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Capitalise.ai, TWS API | ✗ | ✗ | ✓ | ✗ | 1:30 | ✓ | ✓ |
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Expert Advisors (EAs) on MetaTraderTradingView Bots | ✓ | ✗ | ✗ | ✗ | 1:30 | ✓ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Brokers in The UK.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
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✓ | ✗ | ✓ | ✗ | ✓ | ✓ | ✓ | ✗ | ✓ |
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✓ | USD: 3.45%, GBP: 4%, EUR: 2.30% | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✓ |
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✓ | ✗ | ✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ |
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✓ | USD: 3.14%, GBP: 3.24% | ✗ | ✓ | ✓ | ✗ | ✓ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✓ | ✗ | ✗ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Compare The Ratings Of Our Top UK Trading Brokers
See how our recommended brokers for UK traders scored across the core areas in our hands-on testing:
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best Brokers in The UK.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
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✓ | $0 | 0.02 | 0.1 | BTC 30, ETH 0 | |
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✗ | €10 per 365 days | 0.2% | 1.0 | 0.22% | |
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✓ | $0 | Variable | Variable | Fixed | |
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✗ | $0 | 0.003 | 0.08-0.20 bps x trade value | 0.12%-0.18% | |
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✗ | $0 | 0.03 (Apple Inc) | 0.0 | $12 (BTC) | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
Many UK traders prefer brokers with an established customer base and strong brand presence. Here’s how our leading providers compare:
| Broker | Popularity |
|---|---|
| Interactive Brokers |
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| XTB |
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| Pepperstone |
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| Eightcap |
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Why Trade With Pepperstone?
Pepperstone is a leading trading option, providing low spreads, quick execution, and advanced chart tools for experienced traders. It also supports new traders with no minimum deposit, thorough learning resources, and exceptional 24/5 support (18 hours on weekends). Based under ASIC regulation, Pepperstone's comprehensive service earned it the 'Best Aus Broker' award for 2025 by DayTrading.com in Australia.
Pros
- Pepperstone now offers trading in pre-IPO perpetual futures, like SpaceX (SPCX.US-PERP), in certain areas, including the UAE.
- Pepperstone is a low-cost broker, ideal for serious traders. The Razor account offers spreads from 0.0, with rebates up to 30% for indices and commodities, and $3 per lot for forex through the Active Trader program.
- Pepperstone now offers spread betting via TradingView, giving users a smooth, tax-efficient trading experience with advanced analysis tools in supported countries.
Cons
- Even with expanded market options, crypto CFD offerings remain limited compared to brokers like Eightcap, and investing in actual coins is not available.
- Pepperstone has discontinued support for several tools that enhanced the trading experience for active retail traders, including Autochartist, Capitalise.ai, and a free VPS for eligible traders (now only available to pro traders in some countries).
- Overnight holding fees at Pepperstone are higher than some Market Maker brokers (often Benchmark + 2.5%). This is ideal for traders and forex scalpers but not great for swing traders who keep positions open overnight.
Why Trade With XTB?
XTB is an excellent option for new traders due to its xStation platform, low trading costs, no minimum deposit, and outstanding educational tools, many of which are integrated into the platform.
Pros
- Signing up for an XTB account is simple and entirely digital, taking only a short while. This enables a seamless transition into trading for new traders.
- XTB provides withdrawals within 3 business days, depending on the method and amount.
- The xStation platform stands out with its easy-to-use interface and intuitive features. These include personalized news feeds, sentiment heat maps, and a trading calculator, making it simpler for new traders.
Cons
- Trading costs are fair with typical spreads of around 1 pip on the EUR/USD. However, they're not as low as those offered by the least expensive brokers, like IC Markets. Also, an inactivity fee applies after one year.
- XTB does not provide a raw spread account. This is often given by competitors such as Pepperstone. This can be of disadvantage to traders searching for the narrowest spreads.
- XTB has stopped supporting MT4, making traders use its own platform, xStation. This could discourage advanced traders who are accustomed to the MetaTrader suite.
Why Trade With Trade Nation?
Trade Nation is a suitable platform for new traders, offering diverse financial markets in a user-friendly environment. It has no minimum deposit requirement, provides free funding options, and robust educational resources.
Pros
- Trade Nation accounts can now connect with TradingView, offering advanced multi-charts and direct trading capability.
- Fixed, transparent spreads distinguish it from many competitors, providing price certainty.
- Trade Nation's 2026 partnership with Volt has enabled Australian traders to make instant deposits and withdrawals using PayID. Faster payout capabilities are also planned for clients in the UK and EU.
Cons
- Its offshore entity offers fewer legal protections, though it co-founded The Bahamas Institute of Forex and CFD Issuers to enhance industry collaboration with Pepperstone and Capital.com.
- Its bonuses and trading promotions have strict terms and conditions that can make withdrawals difficult and may lead to overtrading if not handled cautiously.
- The FSCA fined Trade Nation for offering CFDs and operating as an OTC Derivative Provider without proper authorization from July 2019 to December 2021. The firm paid the fine and quickly applied for the necessary permissions.
Why Trade With Interactive Brokers?
Interactive Brokers is ideal for seasoned traders due to its robust charting platforms, updated data, and adaptability, especially with the IBKR Desktop application. Its exceptional pricing and advanced order features appeal to traders, and its variety of stocks remains unmatched in the market.
Pros
- IBKR provides a cost-effective platform for traders by offering low fees, narrow spreads, and clear pricing.
- The new IBKR Desktop platform combines the advantages of TWS and adds unique tools like Option Lattice and Screeners with MultiSort to make trading accessible and impressive for traders of all levels.
- IBKR offers exceptional access to global stocks, with thousands of equities available from over 100 market centers in 24 countries, including the recent addition of the Saudi Stock Exchange.
Cons
- In 2025, IBKR was fined $11.8 million by the US OFAC for offering services in restricted areas. It also faced a $125,000 fine from FINRA in 2025 for failing to disclose municipal bond information.
- Customer service may take time to respond, and there may be delays in fixing problems based on tests. It could be difficult to reach the customer service promptly.
- IBKR offers many research tools. However, the tools are not uniformly distributed across trading platforms and the web-based 'Account Management' page, causing confusion for the users.
Why Trade With Eightcap?
Eightcap provides all necessary resources for traders, including an expanding array of charting platforms, educational programs in Labs, and the integration of AI-powered tools. With the addition of more than 120 cryptocurrency Contracts for Difference (CFDs), it has established itself as a preferred option for crypto trading. It has received our 'Best Crypto Broker' award consecutively for two years.
Pros
- In 2026, Eightcap introduced TradeLocker in specific regions, becoming the top regulated TradeLocker broker. It maintains Eightcap's fast execution and low fees for active traders using the charting software.
- Eightcap excels by offering robust trading tools and resources, such as MT4, MT5, and the 100-million-member TradingView social trading network.
- In 2021, Eightcap expanded its offerings to include a wide range of cryptocurrency CFDs. They now offer pairs of cryptocurrency to fiat currency, cryptocurrency to cryptocurrency, along with cryptocurrency indices for more comprehensive market exposure.
Cons
- While Eightcap's Labs offers a valuable collection of educational guides and e-books, it still falls behind IG's extensive resources for traders, including the IG Academy app and 18 different course categories.
- The demo account expires in 30 days and can only be renewed if requested. This is less convenient compared to XM, which offers an unlimited demo mode.
- Eightcap should enhance its suite of 800+ instruments to compete with category leaders like Blackbull Markets, which offers 26,000+ assets. Its commodities selection requires improvement.
Filters
How We Chose The Best Brokers For Traders In The UK
To make our shortlist of the best trading brokers for UK traders, each provider had to meet several key requirements:
- Brokers had to be authorised by the FCA. This was essential. We only included firms operating with UK regulatory permission because FCA authorisation is one of the clearest trust signals for traders in Britain. We checked each broker’s status using the Financial Services Register rather than relying on marketing claims on a broker’s website. The FCA says nearly all financial services in the UK must be authorised or registered, and dealing with unauthorised firms can leave consumers without important protections.
- Brokers had to offer a GBP trading account. For traders in the UK, being able to hold funds in pounds can make a real difference. It can simplify deposits and withdrawals, make account balances easier to manage, and help reduce avoidable currency conversion costs on everyday account activity. We confirmed GBP availability either during the application process or directly with the broker. That said, FX charges can still apply when you trade assets priced in another currency, such as US shares.
- Brokers had to provide access to markets relevant to UK traders. We prioritised firms that offer products commonly traded by UK residents, such as London-listed shares, ETFs with UK exposure, FTSE-linked indices, GBP forex pairs, and other instruments popular with traders in Britain. We tested broker platforms ourselves to verify what UK clients can actually access, while also taking into account whether the broker offers broader international market coverage.
- We then applied our full hands-on testing process. Once brokers passed the UK-specific filters above, we scored them using our standard review framework. Our team assessed each provider across 8 core categories, gathered more than 200 individual data points per broker, and documented the platform experience in detail. Those results fed into each overall broker rating and helped determine the final rankings.
- We also considered client protection standards for UK users. Where relevant, we looked at the protections available to retail clients, including complaint routes and whether a firm falls within the wider UK consumer protection framework. Customers of authorised firms may have access to complaint mechanisms.
How To Choose A Broker In The UK
Investing activity in the UK has risen over the years. Participation has been boosted by the rising availability of tax-efficient products like the Stocks and Shares ISA and Self-Invested Personal Pension (SIPP), plus mobile-first trading platforms.
With annual allowances on the Cash ISA falling to £12,000 from £20,000 from April 2027, the number of Brits participating in the stock market is expected to balloon still further.
The good news is investors have greater choice than ever when deciding which broker to choose. However, what makes a service provider the best one for you depends on a number of factors:
Trustworthiness
Signing up to a broker means submitting a lot of sensitive personal information. It also requires depositing cash that you can use to build your portfolio. Needless to say, it’s important that you know you can trust the company you’re handing these over.
In the UK, fraudsters stole a whopping £1.2bn in 2024 through fraud of one kind or another, according to statistics. As you can see, then, it’s critical to check the broker you’re considering is approved by the Financial Conduct Authority (FCA).
Pro tip: The FCA is ranked as a Category A regulator under BrokerListings.com’s Regulator Ranking System, meaning retail investors can expect robust levels of protection, including leverage capped at 1:30 and negative balance protection so clients cannot lose more than they deposit to accounts.
The watchdog’s objective is to provide “a fair and thriving financial services market for the good of consumers and the economy.” To help people avoid fraud and identify reputable financial services providers, it maintains an online register of companies it has licensed to operate in the UK.
That’s not all, as the FCA also publishes a warning list on its website of companies found to be operating without a license, helping Brits to avoid these bad actors.
Pro tip: Using an FCA-registered broker has other advantages alongside helping investors avoid fraudsters. For instance, companies must maintain sufficient capital levels, segregate their funds from those of their clients, and provide clear risk disclosures when marketing and discussing products.
Brokerages must also sign up to the Financial Services Compensation Scheme (FSCS) under FCA rules. This means that, in the event of the business going bankrupt and not being able to return funds or assets, clients can receive up to £85,000 to offset any losses.
Top broker for trustworthiness: XTB is registered with several top-tier global regulators including the FCA, reference number 522157. We checked its databases and the FCA hasn’t fined or taken action against XTB – it’s just warned users about clone websites. XTB has also received over 4/5 on both the App Store and Google Play, with more than 10 million downloads, pointing to its reliability.
Source: FCA
Trading Costs
The FCA requires that brokerages “disclose costs and charges in a way that is clear, fair and not misleading.” However, the regulator’s remit does not extend to limiting the fees that companies can impose.
As a result, the types of fees charged as well as the size of those charges can vary significantly among service providers. Transaction costs, account management charges, and deposit and withdrawal fees are just a few to think about. If you’re a frequent investor, also consider how wide buy (bid) and sell (ask) prices are.
Pro tip: Certain cost models can benefit some investors more than others. For instance, those who invest 10 or more times a month may prefer a broker with tighter bid-ask spreads and lower transaction fees, even if their management fees are higher.
It’s also likely that brokers will charge more if they’re offering a better trading experience. Are features like a more advanced trading platform, a mobile app, and reams of educational material important to you? Consider whether you’re happy to pay more for these perks, and if so how much more.
Top broker for trading costs: Interactive Brokers offers extremely competitive charges, with share transaction charges as low as £1 and zero account management and inactivity charges. Spreads are also extremely tight across a number of markets.
Many brokers also offer trading accounts that are denominated in UK sterling. This means investors can avoid costly foreign exchange charges. What’s more, some brokerages allow customers to deposit using a variety of methods, including:
- Debit card
- Bank transfer
- Online payment providers (like PayPal)
- Digital wallets (such as Apple Pay)
Trading Platform
How important is having a highly customizable trading interface to you? What about the provision of economic calendars, analyst notes, detailed news feeds and advanced charting tools? And do you plan to trade when you’re on the train or in the bath?
The relevance of these factors will vary for different investors. What won’t be, however, are features like trade execution speeds, how quickly and easily assets can be bought and sold, and how secure the online platform is from hackers and fraudsters.
Some brokers operate their own in-house platforms, but their functionality and the experience they deliver may differ substantially in the view of different customers. It can be a good idea, therefore, to ‘road test’ the brokerage’s software without putting any cash on the line with the use of a demo account.
Top broker for trading platforms: CMC Markets offers an advanced proprietary system with high customizability and sophisticated charting tools that we enjoy using. Furthermore, investors can do business ‘on the go’ with the broker’s mobile app.
CMC Markets also allows traders to plug in third-party software MetaTrader 4 (MT4). So if you’re a trader who’s been using this platform for years, you don’t have to worry about learning a completely new trading platform. MT4 also offers additional features that CMC’s own software doesn’t, like automated trading and a huge library of custom technical indicators.
CMC Markets Web Platform
Markets
Each of the brokers we’ve included in our toplist allows investors to trade shares on the London Stock Exchange (LSE), either directly or through derivatives. This reflects the massive size and global popularity of the exchange – it’s one of the largest stock exchanges by market capitalization in the world.
US-listed stocks are also widely available, as are companies quoted on other major global exchanges. On the forex front, the GBP/USD major currency pairing – which pits the UK pound against the US dollar – is (perhaps unsurprisingly) heavily traded in Britain, too.
However, the range of stocks and forex pairs on offer won’t be the same among different brokers. British investors can also deal in other securities like bonds, exchange-traded funds (ETFs), indices, and derivatives like contracts for difference (CFDs) and futures contracts. But again, availability across these asset classes is variable.
Top broker for markets: IG offers thousands of shares listed on the LSE and global exchanges. That’s not all, as investors can trade forex, commodities, bonds and derivatives as well. In June 2025, it also began offering trading of dozens of cryptocurrencies too.
Bottom Line
The UK’s financial services industry is tightly regulated, so investors can expect strong protections when using as FCA-registered broker. The range of service providers out there is huge, and the number of tradeable markets, the level of dealing costs, and quality of trading platform can differ significantly among them. So take time to find the brokerage that best suits your needs.
FAQs
Who Regulates Brokers In The UK?
The Financial Conduct Authority (FCA) is responsible for licensing and supervising brokerages in Britain. Companies who fall short of industry standards or operate without authorization can be fined, barred from operating, or subject to other sanctions.
Can I Open An Account In The UK With GBP As My Base Currency?
Most brokers serving British traders and investors offer sterling-denominated accounts, which can make portfolio management simpler and eliminates the problem of expensive currency conversion costs.
Are International Brokerages Safe For UK Investors To Use?
If the broker is FCA-registered, investors can expect robust safeguards even if the company is headquartered overseas. It may also be safe to use a broker that’s authorized by another broker given Category A status by BrokerListings.com.
Be mindful, though, that other regulators may not offer exactly the same protections as the FCA.
For instance, firms that are registered with the Cyprus Securities & Exchange Commission (CySEC) must be signed up to the country’s Investor Compensation Fund (ICF), which offers maximum compensation of €20,000 if a broker fails.
When converted into sterling, this is far below the £85,000 that the UK’s Financial Services Compensation Scheme (FSCS) provides. The process of claiming under the ICF also tends to be slower and less certain for UK residents than with the FSCS.
What Is The Best Investing Account For Me?
No-frills accounts are widely available and easy to open. But they might not be the best option for you, depending on your personal circumstances and investing style.
Are you married, do you want to trade with borrowed funds (leverage), or is your plan to let a professional invest on your behalf? If you answer ‘yes’ to any of these questions, there may be better options for you.