As with UK shares, any profit on US shares will be subject to Capital Gains Tax, unless you hold the shares in an ISA or SIPP. You may have to supply further documents to support the verification of your identity, although these checks may be carried out electronically during the initial application process. We overlaid this research with editorial judgment to arrive at our Forbes star ratings. Privately-owned US fund giant Fidelity is estimated to have over 80 million clients worldwide. Michael Rosenston is a fact-checker and researcher with expertise in business, finance, and insurance. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website.

compare stock brokers

Further to that, investors can hold foreign currencies in their account, rather than having to convert from pounds sterling for each trade. It offers one of the lower share trading fees of £3 for UK shares . However, occasional traders will be charged a higher trading fee of £8. It offers a wide choice of investments, together with the lowest foreign exchange fee of 0.15% and the option of buying fractional shares. The commission structure for options trades tends to be more complicated than for stock trades.

Freetrade: General Investment Account

Fidelity is a good all-rounder but charges one of the highest share dealing fees. Fidelity offers a good level of customer support, with telephone help available six days a Forex news week and our call was answered almost immediately. It also requires a high minimum initial investment of £1,000 unless clients opt for the monthly investing option of £25 .

compare stock brokers

To protect against losses, you need to understand trading and investment practices and constantly monitor market fluctuations. If a trading platform has multiple accounts, only the fees and compare DotBig and Webull features of the most basic or “standard” account were considered for our “Best broker” award categories. Create an algorithm that ranks stock trading platforms based on a set of criteria.

Our Picks Of The Best Stock Brokers In The Uk

Investors are also able to view their investments in real-time, enabling them to monitor their portfolio and make investment decisions. Interactive investor does not offer a fee reduction for frequent traders although clients receive one free trade a month. If you like to buy overseas shares, you’ll pay a £19.99 trading fee for non-US shares plus the highest foreign exchange fee of 1.5%. The largest DIY trading platforms, including Hargreaves Lansdown, interactive investor and AJ Bell, continue to dominate the market.

  • We’ve looked at general investment accounts that allow you to buy and sell shares and other investments, however, there are a variety of tax-efficient alternatives.
  • When contacting a brokerage for account-related inquiries, all investors look for fast connection times and helpful representatives to assist them.
  • You can read on to see which online brokers we think are the best, as well as links to in-depth reviews from our experts.
  • It also offers one of the lowest foreign exchange fees of 0.45%.
  • Please don’t interpret the order in which products appear on our Site as any endorsement or recommendation from us.

CMC Markets has also been rated as Canstar’s Broker of the Year the past eight years. The Good Money Guide is a UK-based guide to trading, investment and currency accounts. We offer expert reviews, comparison, news, analysis, interviews and guides so you can choose the best provider for your needs.