ETF trading is a lucrative source of income, but it can also lead to massive losses. To avoid losing too much money, traders should educate themselves with countless free resources and practice trading on a demo account. Additionally, they should get familiar with applicable laws and allowances before trading for real money.
When choosing an ETF broker, best ETF platform UK are several factors to consider such as fees, commissions, tradable assets, minimum deposit requirements, and customer support. Traders should also make sure that their chosen platform is regulated by the Financial Conduct Authority (FCA) and that they are covered by the FSCS in case of a bankruptcy.
Best ETF Platforms in the UK for 2024
IG is a popular UK ETF broker with an excellent reputation for providing a high-quality investing experience. It offers an extensive selection of shares and ETFs that can be traded commission-free. The broker also offers a highly advanced ETF screener that allows investors to find stocks or funds with strong potential. XTB is another top-rated UK ETF broker that is renowned for its low commissions, no minimum deposit requirement, and a wide range of tradable assets. The broker is also a member of the FCA and CySEC.
Hargreaves is a popular choice for DIY financial investors thanks to its user-friendly platform and expansive investment selection. However, the platform’s fees are not as competitive compared to other leading brokers.