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Best Online Stock Brokers in the UK (2023)

Finding the right Stock Broker for your Needs

When it comes to investing in the stock market, working with an online stockbroker is the most convenient and accessible way to manage your portfolio.

In this review, we'll explore some of the best online stock brokers in the UK, highlighting their strengths and unique features to help you make an informed choice.

two men, brokers in suits looking at screens in a brokers office

If you're an investor looking to dive into the world of online stock trading in the UK, you'll want to work with a reliable and efficient online stock broker.

To help you make an informed decision, we've assessed some of the best online stock brokers in the UK based on their features, fees, user experience, and overall reliability.

Here are our top picks:

Fidelity is our top pick for the best overall online stockbroker. With its vast experience and managing over £10 trillion in investors' assets, Fidelity offers a seamless online trading experience. Whether you're using a computer or a mobile device, Fidelity makes it easy to execute trades and manage your portfolio. Newer investors will appreciate the lack of minimum balance requirements and the option to start investing with as little as £1, thanks to fractional shares of thousands of securities. Fidelity also stands out for its low costs, offering zero expense-ratio index mutual funds, making it a cost-effective option for investors.

Designed for advanced traders and international trading, Interactive Brokers provides tools and support for sophisticated investors. With access to over 100 different order types and the ability to trade in 150 markets across 33 countries, it's an excellent option for global investors. Advanced traders will appreciate the powerful research tools and transparent pricing structure.

For investors focused on ETFs, Charles Schwab is the best choice. Offering a wide range of ETFs with some of the lowest expense ratios in the industry, Schwab stands out for its variety of account types and no commissions for ETF trades. Its well-designed mobile app makes it easy to monitor your portfolio and execute trades on the go.

Hargreaves Lansdown is a well-established and trusted name in the UK investment landscape. With a wide range of investment options, including stocks, bonds, funds, and more, Hargreaves Lansdown caters to both beginners and experienced investors. Their user-friendly platform provides comprehensive research tools and market insights to aid your decision-making process. While their fees may be slightly higher compared to some competitors, the quality of service and expert guidance make it a top choice for many investors.

Hargreaves Lansdown, sales banner in green and blue background "three easy ways to pick shares"

AJ Bell Youinvest is another excellent option for UK investors. With a straightforward and intuitive platform, it's a great choice for beginners looking to start their investment journey. They offer a wide variety of investment options, including stocks, funds, and more. One of their standout features is their competitive fee structure. Moreover, AJ Bell Youinvest provides a wealth of educational resources and tools to empower investors to make well-informed decisions.

Barclays Smart Investor offers a seamless integration of banking and investment services, making it a convenient option for Barclays customers. With a range of investment choices and a comprehensive educational section, Barclays Smart Investor aims to equip investors with the knowledge to make smart investment decisions. While their platform is user-friendly, some users have reported that their research tools could be more robust.

Halifax Share Dealing is a reliable and straightforward platform for those looking to invest in the UK stock market. With competitive fees and a variety of investment options, it's suitable for both beginners and experienced investors. However, some users have mentioned that their customer service response times could be improved.

Lloyds Bank Share Dealing is another bank-affiliated platform that offers a user-friendly experience for investors. With a range of investment options and research tools, it caters to various investment goals. While their platform is easy to use, some investors have noted that their fees may be higher compared to other brokers.

Santander Share Dealing provides a comprehensive platform for UK investors, offering a variety of investment options and research tools. With competitive fees, it's an attractive option for those looking to optimise their investment returns. However, some users have mentioned that their platform could benefit from additional features and improvements.

HSBC InvestDirect offers a wide range of investment options and research tools for UK investors. With competitive fees and integration with HSBC banking services, it's a convenient choice for existing HSBC customers. However, some investors have mentioned that the platform could use some enhancements to provide a more user-friendly experience.

Final thought on Best Online Stock Brokers in the UK

The best online stock broker for you depends on your individual investment needs, preferences, and experience level. Each of the mentioned brokers has its strengths and caters to different types of investors. Be sure to consider factors like fees, investment options, research tools, and customer service when making your decision. Happy investing!

Trading and investing carry financial risks and could lead to partial or complete loss of funds. Invest only what you can afford to lose and seek advice from an independent financial advisor if you have doubts about your investment choices.


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