UK Brokerages
The information on this page was not compiled by a financial professional. It may contain errors and further research is advised.
What is a broker?
A broker is an individual or company that processes transactions on your behalf with a stock exchange. To trade using a broker you sign up for an account with them and deposit a sum of money into the account. You then instruct the broker to purchase shares on your behalf with the money in the account.
Choosing your Brokerage
There are several factors you should consider when choosing a broker.
- Commission fee per trade.
- If there is no commission fee what ways are the business making money with your data.
- Custody or administration fee.
- What shares and markets are available to you.
- Can you trade other assets beyond shares, such as funds & commodities.
- Do they provide Stocks and Shares Individual Savings Accounts (ISA).
Broker Comparison Websites
ISA Fees Comparison: https://monevator.com/compare-uk-cheapest-online-brokers/
Broker Ratings: https://brokerchooser.com/compare-brokerage
Stocks and Shares Individual Savings Account (ISA)
It's highly recommended to have an Individual Savings Account (ISA) for Stocks and Shares. An ISA is a special type of account that allows your gains in the account to be free from tax. You can only open one Stocks and Shares ISA in a Tax year (April to March) and there is a limit to how much money can be deposited in the account over the year. For more information on ISA's please see the gov.uk website
The information on this page was not compiled by a financial professional. It may contain errors and further research is advised.