Best Share Dealing Platforms – Our Top Picks In 2022

We have selected our 2022 top picks for traders:

  • Cost per trade
  • Functionality
  • Mobile features
  • Investment coverage
  • Advanced tools
  • Security

The online share dealing platform you select should be aligned with your investment requirements.

Share Trading Apps Comparison

Trading Platforms:Features:*Go To Site:
eToro Share DealingeToro offers 0% Commission Trading. Free access to TipRanks expert share analysis. CopyTrader is eToro’s most popular feature and allows you to view what traders are doing in real time and copy their trading automatically.

68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

See Deal »
IGIG Trade & invest with the world's leading online trading provider.** Trade over 17,000 markets with spread bets and CFDs and invest in thousands of global shares & ETFs.

71% of retail investor accounts lose money. Capital at risk.

See Deal »
ii Share DealingInteractive Investor are the UK's #1 flat fee platform. Over 350,000 customers.

Capital at risk.

See Deal »
dEGIRO sHARE dEALINGDEGIRO are one of largest and cheapest brokers in Europe. Access to over 50 markets in 30 countries. Low commissions/fees. User-friendly, simple platform.

Investing involves risk of loss.

See Deal »
Fineco Bank has 1.3 million clients. No inactivity charges. SPECIAL OFFER: £500 in trading commissions - open an a/c by 29th July & get £500 trading commission to use within 3 months. T&Cs apply.

Capital at risk.

See Deal »
Saxo BankSAXO Access over 30,000+ stocks across 60+ exchanges worldwide. Ultra competitive pricing. Benefit from extensive charting with 50+ technical indicators, integrated Trade Signals and innovative risk management tools.

Investing involves risk of loss.

See Deal »
HL Share DealingHargreaves Lansdown The UK's #1 broker. Price improvement service helps you get the best price for your shares.

Capital at risk.

See Deal »
AJ Bell SharedealingAJ Bell offers overseas trading in 24 international markets.

Capital at risk.

See Deal »

*Please note that additional fees may be applied by platform/App providers for their services. ** No 1 For CFDs and spread betting, based on revenue excluding FX (published financial statements, October 2021).

eToro – Offers 0% commission free trading

“eToro is the world’s largest community of traders and investors, numbering more than 10 million from more than 140 countries.”

One of the attractions of eToro as a platform is the ability to participate in copy and social trading.

CopyTrader is eToro’s most popular feature and allows you to view what traders are doing in real time and copy their trading automatically. If you are a beginner learning the basics or simply don’t have time to watch the markets, this feature allows you to leverage other traders expertise.

Buy US, UK & International StockseToro Share Dealing

68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

  • 0% commission on stocks (other fees apply)
  • Copy successful traders
  • Features for novices & experts
  • Free access to TipRanks expert share analysis
  • Editors choice “Great for new traders”

Go To Site »

Fractional Ownership:

With eToro you can benefit from ‘fractional ownership’. One of the few UK brokers to offer this where you can buy a ‘fraction’ of a share.

This can be beneficial for a number of reasons particularly where company shares are expensive e.g. the Amazon share price at the time of writing is $3,123.  So for a minimum trade of $50 you can buy a piece of Amazon without blowing your budget on one trade.

eToro follow the strict regulations of several regulatory authorities including the FCA (UK) and FINRA (United States)

What is a share dealing platform?

Share dealing platforms allow you to buy stocks and shares through an online dealing account.

You can buy and sell shares, ETFs, funds and other types of investments and benefit from growth and dividends in your portfolio.

Share dealing platforms charge you each time you buy or sell a share, and often charge an ongoing annual management charge based on the value of your portfolio.

How do I choose a share dealing platform?

Choosing a share dealing platform to invest with can be difficult, largely because all stock brokers offer the same thing: access to invest in the stock market.

But there are significant differences between each account and pros and cons to each for different types of investing.

This guide tells you the most important things to look out for when comparing share dealing platforms.

What shares and markets are available?

You can invest in various different stock exchanges through share dealing platforms in the UK, but not all providers facilitate the same range of international stock exchanges.

The biggest stock markets for investment traders are typically:

  • The London Stock Exchange (from the FTSE 100 to the FTSE 350 and AIM markets)
  • The New York Stock Exchange and Nasdaq
  • The Tokyo Stock Exchange
  • The DAX

Think about the share portfolio you want to buy and make sure your platform can hold all of your shares.

In addition, think about the type of investment you want to hold in your share dealing platform.

Here are our top three most popular types of investments to hold in a share dealing account:

  1. Shares – overseas or UK shares of individual companies
  2. Managed Funds and Investment Trusts – including unit trusts and OEICs
  3. Exchange Traded Funds (ETFs) and Index Funds – tracker funds that track a stock index or market

How much does it cost to buy shares?

Each share dealing platform has varying dealing fees. Depending on what type of assets you are purchasing and how often you’ll likely be trading, some providers will work out cheaper than others.

Here are some examples of share dealing fees and how they are charged to help you when comparing dealing account fees:

  • Fixed fees per trade.
  • Commission based fees, e.g. 0.1% of your trade capped at minimum and maximum limits.
  • Some providers offer discounted dealing fees for frequent traders.
  • Some providers charge different fees for trading different assets, for example equities compared to funds.

How much are you charged for holding shares?

On top of dealing charges, you may also pay an ongoing annual management charge or platform fee on your share dealing account.

This could be:

  • A fixed annual charge.
  • Based on a percentage of your portfolio’s value.
  • A tiered structure for discounts at certain value thresholds, e.g., your portfolio value over the first £500k could be free of charge.
  • As with dealing fees, some providers charge more for holding equities (traded on a live stock exchange) compared to funds (only traded once per day).

What account and trading features do they offer?

If you’re day trading, or at least trading every week, then there are a few account features that many traders view as must haves:

  • Stop Losses

Stop losses allow you to set a trigger on a holding to automatically sell when the stock reaches a specific price. If your shares start losing value while you aren’t watching the live price, a stop loss order can significantly reduce your losses.

  • Limit Orders

Similar to stop losses, but for buy instructions instead. If a share price reaches a specified low price when you are not monitoring it you can create an automated trigger to purchase shares at a low in view of them bouncing back up in value.

  • Prices Alerts

Price alerts via your stock trading app help you keep track of price fluctuations by notifying you when certain peaks and troughs are met.

  • Holding Foreign Currencies

If you’re trading on international markets like the US stock market, then holding cash in the designated currency for that exchange is a huge plus. It means you don’t have to pay additional exchange rate charges when you trade.

  • Demo Accounts or Watchlists

Demo accounts or watchlists are a great way of creating a fake portfolio to test your trading skills. There’s no risk involved and it will help you learn for real shares trading.

How good is their trading app?

The functionality of your providers’ mobile trading app can be the difference for the best trading account.

An online stockbroker with higher charges might have more cashflow to invest in their technology and mobile app, so it could be worth paying for the additional costs.

The same goes for customer service and investment research.

If you have a problem with a trade or deal, you’ll want to be able to speak to somebody straight away.

And if you’re new to investing, you’ll benefit from research and insight into shares and trading that could be worth paying higher charges for.

Tax-free share dealing

All share dealing is tax free within a Stocks and Shares ISA, so it’s worth considering using your annual ISA allowance of £20,000 each year to save on tax.

In a share dealing ISA, you don’t have to pay:

  • Income tax on interest and dividends earned through your investments
  • Capital Gains Tax on the gains you make in your portfolio

In a Lifetime ISA you can also get an extra 25% on the value of your LISA contributions to invest. However, you can only withdraw from a LISA for a first house purchase or at age 65, so they are more of a long term investment account.

How do I open a share dealing platform account?

The easiest way to start investing is to open an account online or via your provider’s mobile app.

You’ll need to start by adding money to your account you can do with a debit card payment or with a regular direct debit.

 

IMPORTANT:

No news, feature article or comment should be seen as a personal recommendation to invest. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular plan. If you are at all unsure of the suitability of a particular product, both in respect of its objectives and its risk profile, you should seek independent financial advice.

The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 67%-70% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.

Written by Editorial Team ,
18th December 2021