Best UK Platforms For Day Trading
Aside from a great choice of assets to trade, the best UK trading platforms are those that offer competitive prices, a range of education and support tools and robust risk management features. Some of these include:Check this out :theinvestorscentre.co.uk
IG1 – One of the most popular UK trading platforms, IG1 has been around for over 50 years and offers traders access to more than 12,000 tradable instruments including shares, ETFs, forex, indices, commodities and more. It’s a great option for beginner traders and advanced users alike. It offers a free demo account, an exclusive AvaProtect tool and a variety of contact options. It’s a bit more expensive than some competitors, though, with high inactivity fees that kick in after just 3 months of inactivity.
Low-Fee UK Platforms for Day Traders in 2024
Spreadex – A standout UK platform for CFD and forex traders, this broker is a trusted option backed by 20 years of experience. Its renowned customer service, comprehensive charting and efficient trading platform make it ideal for active traders who want to be more reliant on technical analysis than fundamental research. It’s regulated by the FCA for a secure experience and provides negative balance protection up to PS85,000 for added peace of mind.
Day trading profits may be subject to Capital Gains Tax if you trade within a General Investment Account (GIA) or Personal Pension, but this depends on how you categorize your activity and whether you’re a basic or higher rate taxpayer. Alternatively, it’s possible to trade through an ISA account and avoid paying taxes altogether.