Best trading platforms in United Kingdom
Quick answer: In the United Kingdom, trading is overseen by the Financial Conduct Authority (FCA). Pick a platform that is regulated for United Kingdom residents, accepts GBP deposits, and has transparent fees.
What traders in United Kingdom need to know
- Check the FCA register before opening any account; FCA brokers offer FSCS protection up to £85,000.
- Retail CFD leverage is capped (30:1 on major FX pairs) and crypto derivatives are banned for retail clients.
- Spread betting profits are generally free of capital gains tax, which makes it popular with UK traders.
How to check a broker or bot is safe
Search the broker's legal name on the official register of the Financial Conduct Authority (FCA). Make sure the website domain matches the registered entity, never send money to individuals or "account managers", and start with a small deposit to test withdrawals.