When finding a premium broker in the UK, you should follow a few essential guidelines to find the best possible option for your individual needs. Here are four tips to help you choose a premium broker in the UK.
Do your research
The first step to finding a great premium broker is to do your research and ask around for recommendations. Engage with your friends, family, and colleagues who have recently invested in the UK stock market and see if they have any suggestions. Once you have a few options, take the time to read online reviews and compare fees, services, and features.
Consider your needs
Before choosing a premium broker, it is essential to consider your investment goals and needs. What type of investor are you? Are you looking to trade frequently or make long-term investments? Do you need access to international markets? Make sure the broker you choose offers the products, services, and features that align with your investment goals.
Compare fees
When comparing premium brokers in the UK, fees are among the most critical factors. Some brokers charge higher commissions for specific trades, while others may have hidden fees or account minimums. Be sure to carefully compare the fees associated with different brokers before deciding.
Read the fine print
Before opening an account with any broker, read through the fine print, including the broker’s terms and conditions and any disclosures or warnings. These documents outline the risks associated with investing and help you decide whether a particular broker is right for you.
The ten top-rated brokers in the UK
Here are the ten best premium brokers in the UK:
Hargreaves Lansdown
Hargreaves Lansdown is one of the UK’s largest and most well-known premium brokers. They offer a wide range of products and services, including investment trusts, exchange-traded funds (ETFs), and share dealing. Fees start at £11.95 per trade, and there is no annual account fee.
Interactive Investor
Interactive Investor is another popular premium broker in the UK. They offer share dealing, ETFs, and investment trusts. Fees start at £9.99 per trade, with an annual account fee of £24.99.
AJ Bell Youinvest
AJ Bell Youinvest is a smaller premium broker that offers share dealing and ETFs. Fees start at £4.99 per trade, and there is no annual account fee.
Fidelity International
Fidelity International is a premium broker that offers share dealing, ETFs, and investment trusts. Fees start at £7.50 per trade, with an annual account fee of £45.
Charles Schwab
Charles Schwab is a US-based premium broker that offers share dealing, ETFs, and investment trusts in the UK market. Fees start at £8 per trade, with an annual account fee of £60.
Saxo Bank
Saxo Bank is a Danish premium broker that offers share dealing, ETFs, and investment trusts. Fees start at £10 per trade, with an annual account fee of £100. For more information, go to Saxo Bank’s official site.
IG
IG is a premium broker that offers spread betting and CFDs. Fees start at 0.10% per trade, with an annual account fee of £20.
Plus500
Plus500 is a premium broker that offers CFDs. Fees start at 0.10% per trade, with an annual account fee of £29.99.
EToro
EToro is a UK social trading and investment platform that offers share dealing, ETFs, and CFDs. Fees start at 0% per trade, with an annual account fee of £5.
Markets.com
Markets.com is a premium broker that offers CFDs. Fees start at 0.01% per trade, with an annual account fee of £25.
The final word
By following these guidelines above, you can be sure to find a premium broker in the UK that meets your needs and provides excellent value for your money. With so many different great brokers available in the UK, it is crucial to take the time to compare different brokers and choose the one that is best suited for you.
