Best Day Trading Platform in UK in 2022
Which is the best trading platform in the UK? Is the best trading platform also best for beginners and day trading?
We have in January 2022 reviewed a great number of online trading platforms and found the answer in the list below. A few of the best platforms that didn’t make the list were trading platforms from Tradefred, BDSwiss, Nord FX, HotForex and Saxo Bank. The winner from these reviews: eToro’s trading platform is the best trading platform in the UK. AvaTrade is also great for day trading, whereas we would say that eToro has the best trading platform for beginners. Capital.com also made the top three trading platforms in the UK market.
The wonderful news for you as a trader is that all the ten trading platforms in the list below are completely free. The ten best trading platforms in the UK are:
- eToro Trading Platform, great for beginners.
- AvaTrade Trading Platform, great for day trading.
- Capital.com Trading Platform
- Markets.com Trading Platform
- BlackBull Markets Trading Platform
- Plus500 Trading Platform, great for trading in multiple markets.
- XTB Trading Platform
- OvalX Trading Platform, trade 5,000 markets
- FBS Trading Platform
- StormGain Trading Platform
Of course, all the top ten trading platforms are run by brokers that are correctly regulated and thus you can feel safe about your money. However, as always with trading, never invest more than you can afford to lose. Below you can read our more in-depth reviews of the best ten trading platforms for the UK market.
1. eToro Trading Platform
eToro has designed an original financial trading platform that incorporates graphic trading scenarios depicted as a race between currencies or a tug of war. The company also has a professional trading application called “Expert Mode”, as well as a web-based trading platform called “WebTrader”. A screenshot of the software can be viewed here.
eToro also offers customers a mobile app that can be downloaded from the Apple App Store for the iOS version and from Google Play for the Android version. Read more about eToro’s excellent trading app here. The eToro platforms only allow you to trade in U.S. Dollars because a unified currency is required for transparency purposes on their global network.
The eToro trading platform is great for beginners both as it is really easy to start trading with and also because of its Copy Trading. Copy Trading is the bread and butter of the operation. At the center of the scheme stands the Copy People screen, which offers you several ways to locate traders who match your needs/trading style. The Popular Investor section is the display case of the Popular Investor program. Through this program, the broker rewards traders who are copied, thus offering them another way to monetize their trading skills. Everyone can become a Popular Investor, including you.
The Social Newsfeed seems to be the pride of the eToro platform. Through it, you as a trader can interact, open discussions, follow the moves of your peers, etc.
Notifications are also fed to you on the web platform as well as mobile. Every time a followed trader makes a move or posts something, you as the follower will be notified.
68% of retail CFD accounts lose money.
You should consider whether you can afford to take the high risk of losing your money.
2. AvaTrade Trading Platform
AvaTrade supports a wide variety of trading platforms. The brokers’ proprietary client-side AvaTrader trading platform works on Windows XP, Vista and 7, and a Macintosh version is also available. Of course, all of them are very easy to download and install directly on your desktop or laptop computer.
The screenshot below shows the extensive functionality of AvaTrader, including technical and fundamental analysis, reports, tutorials and account management features.
Also, the AvaOptions Web platform and the MT4 WebTrader allow you to sign in to your AvaTrade account using any Internet browser without having to install it on your computer. Lastly, the AvaTradeGo app allows you to trade in an AvaTrade account using an iPad, iPhone or Android phone and/or tablet so you can manage and view your AvaTrade trading account while away from home. Read more about the AvaTradeGO app here.
In addition to its own AvaTrader trading platforms, AvaTrade nicely also supports the following trading platforms: Metatrader 4, Metatrader 5. DupliTrader, and ZuluTrade. For those already using MetaTrader, AvaTrade also offers their own version of this popular forex trading software to make your account installation easier.
3. Capital.com Trading Platform
Although it also supports MetaTrader4, the main trading platform of the broker seems to be its WebTrader.
Users can access the web platform at a click, and they can even take it for a test spin before opening a real money account. The user interface of the web platform is easy on the eyes, spacious, and loaded with technical analysis tools. In 2020, the platform picked up the Best Online Trading Platform award.
It offers its users more than 75 technical indicators and smart risk management tools, such as stop-losses and take-profits. Negative balance protection is active by default.
Traders who use the WebTrader have access to extensive drawing tools and multiple chart types.
The platform combines technical analysis with the fundamentals through the news and articles it features in the trading interface.
The Capital.com Webtrader also supports multiple charts, personalized watch lists, and risk management tools.
MT4 is a welcome addition to the platform selection of the broker. The most popular online trading platform features 85 preinstalled technical indicators. Users can always add more. Capital.com’s version also features 24 analytical objects and supports expert advisors.
Capital.com also allows its users to connect its trading platform to TradingView, by far the most effective and popular technical analysis platform. Connecting the platforms only takes a few clicks and seconds.
4. Markets.com Trading Platform
The Marketsx proprietary platform is the go-to platform for trading forex and CFDs at Markets.com. Besides being surprisingly powerful charting and analysis-wise, this multi-asset web-based platform is also available in mobile versions, for Android- as well as iOS-based devices.
Scores of technical indicators are included in the Marketsx package and there are many unique features too. Real-time news feeds are also delivered for those keen on trading the fundamentals in combination with technical analysis.
MT4 and MT5 are also part of the Markets.com platform offering. The world’s most popular (and arguably: best) trading platform MT4, hardly needs an introduction. It offers superb charting and analysis, with scores of technical indicators pre-installed in the freely downloadable version. Traders are free to add additional indicators and those so inclined, can even code their own.
MT4’s favorite feature is its support for EAs and for EA creation. EAs work best when coupled with a proper VPS service.
As an upgrade to MT4, MT5 is a powerful trading platform with many advanced features and analytical tools. Both MetaTrader 4 and MetaTrader5 platforms can be accessed directly from your web browser and via a download to your PC or preferred mobile device.
5. BlackBull Markets Trading Platform
BlackBull Markets offers three trading platforms.
MT4 is a fully customizable online trading environment most traders know and love. The broker has made it available in a range of versions for Windows, Mac, iOS, and Android.
BlackBull’s version of the platform offers an institutional-grade experience. It supports EAs (Expert Advisors), and together with the VPS service the broker also offers, this sets the stage for profitable algorithmic trading.
Like most of its other features, MT4’s EAs are fully customizable. You do have to be handy with MetaScript, however, if you intend to program your custom EAs.
In addition to EAs and superb charting/technical analysis tools, BlackBull’s MT4 supports multiple order types and analysis tools. Other noteworthy features/functionalities of the platform are enhanced order execution capabilities and a market watch window.
MT5 is another popular MetaQuotes trading platform, covering slightly different needs than MT4.
MT5’s main strengths are fast order processing, support for advanced pending orders and hedging, as well as a bevy of trading tools and technical indicators.
The version available for download at the BlackBull Markets website comes equipped with more than 30 preinstalled technical indicators, covering more than 20 time frames. The platform also features an integrated economic calendar to help with fundamental analysis.
Traders looking to access MT5 need to talk with the BlackBull Markets support first and obtain permission.
The BlackBull Markets Web Trader is a simplified version of the MT4 platform. Its trading interface is intuitive, and it offers a great selection of drawing tools and technical indicators.
According to the broker, its Web Trader delivers all the benefits of MT4, in a highly compatible no-download package.
6. Plus500 Trading Platform
The trading platforms offered by Plus500 are very simple to operate and seem especially suitable for those interested in dealing in multiple markets. From one single screen, traders can obtain quotes in real-time for any of these asset markets and can execute transactions as well.
The Plus500 trading platform is available in a desktop version called Windows Trader and a web-based version called Web-Trader. In addition, a popular mobile version of the Plus500 platform is available that works on Apple devices like the iPhone, iPad, iPod Touch and Apple Watch. Plus500 apps also exist for mobile devices using the Android and Windows Phone operating systems. Read more about the Plus500 mobile trading app here.
The screenshot shown below displays the functionality of the Plus500 CFD trading platform, which includes trade execution, market pricing overview, a basic chart, position and account balance reports. The platform also has fund management capabilities, which give you as a trader the ability to make deposits and withdrawals from your trading account.
In addition to being able to watch various markets and execute trades, Plus500’s trading platform lets traders easily review past transactions and keep track of current positions. The software also includes a rather basic charting facility with multiple time periods available. Unfortunately, only one chart can be displayed at a time since the system does not support the simultaneous display of multiple charts.
In addition to the functionality provided by offering different versions of the Plus500 trading platform, the broker has also made some nice extra tools available for you as a trader.
One such tool is the Economic Calendar and the platform also offers a Trade Alerts service, as well as a Trader’s Guide.
Nicely there are also several tools available for risk management. Plus500 supports Guaranteed Stops and Trailing Stops, as well as Close at Profit and Close at Loss rates. For your convenience, these tools and their peculiarities are thoroughly explained at the broker’s website.
74% 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.
7. XTB Trading Platform
As mentioned, XTB supports two trading platforms (three if we count the mobile app): MT4 and XStation5.
– MT4 is a great centerpiece for every online trading operation. It is proven, people love it and it offers superb trading tools. XTB’s version of MT4 is no exception either. It comes with scores of technical indicators and drawing tools. It aids technical trading in several ways. Among its special features are:
- A chart pattern recognition tool. With this tool, traders can define Stop-Losses and Take-Profits. They can also set entry- and exit points for their trades, quickly and easily.
- The Strategy Tester is another superb addition. It allows traders to back-test their trading strategies and thus to fine-tune them.
- Custom indicators. The platform lets traders create and purchase custom indicators. Installing these indicators is quick and simple.
Those looking to trade at XTB through MT4 can download the software for free. There is also a free browser-based option available.
– The XStation5 is the proprietary trading platform of the broker. It is an award-winning piece of software. XStation5 supports a massive range of tradable assets – more than MT4. It is also easy on the eyes.
The platform offers outstanding execution speeds, scores of drawing tools and a superb selection of technical indicators.
XStation5 is available in a web-based and mobile format. The two versions look similar. The web-based one does not require downloading. It works well with all the major browsers.
To sum it up:
- XStation5 lets traders buy and sell more than 4,000 tradable assets. FX, as well as a wide range of CFDs, are available on a single platform.
- The featured charts are clear. They lend themselves well to technical analysis.
- Users set SLs and TPs directly on the charts. There is a built-in trading calculator, which details potential profits and losses.
- The broker maintains a team of professional traders. This team shares tips and trading signals with users. An Economic Calendar also helps with fundamental analysis.
- The sentiment indicator offers a glimpse into how your peers trade a given instrument.
Both platforms support real money- as well as Demo accounts.
8. OvalX Trading Platform
The centerpiece of the OvalX platform offer is OvalX TraderPro, the proprietary platform of the broker.
The award-winning platform offers multiple charting tools and the possibility to split them. It features several chart types, and drawing tools, together with more than 60 technical indicators.
The platform allows traders to trade directly from the chart. Right-clicking opens a trade ticket. From there, you are only a couple of clicks away from launching your trade.
OvalX TraderPro also allows traders to set stops and limits, managing their risk dynamically. In addition to supporting these options, the broker also offers detailed education on how traders can best manage their risk.
TraderPro allows a high degree of personalization. Traders can set personalized watchlists and drag and drop charts to create a unique workspace. The platform supports up to 10 such workspaces.
Besides TraderPro and its mobile versions, the broker also supports the popular MT4 trading platform. MT4 is well-known throughout the trading community. Offering unparalleled charting, with OvalX, it also offers outstanding execution speeds of 30 milliseconds or less. The broker is responsible for the price feeds on its MT4 platform. MT4 allows clients to trade micro-lots and hedge. OvalX’s version of the platform also supports Expert Advisors for automated trading. To take full advantage of the capabilities of these advanced auto-traders, the broker also offers access to Virtual Private Servers, so traders can keep their EAs running around the clock.
9. FBS Trading Platform
FBS has based its trading platform offer on MetaQuotes’ popular MT4 and MT5. Both trading platforms are well known among traders worldwide. Although MT5 may seem like the natural evolution of its predecessor, it is a solution focused on different trading needs than MT4. Thus, it complements MT4 and does not supplant it.
FBS’ offer of the two trading platforms covers a wide range of operating systems and mobile devices. MT4 and MT5 are available for Windows, Android, and iOS. For macOS only MT4 is available.
The broker offers a web trader, which is also an MT4 version.
MT4 is the most versatile and powerful platform for online trading. It offers outstanding charting features within a fully customizable trading environment. FBS’ version supports Expert Advisors, giving traders the possibility to automate their profitable trading strategies. The downloadable version of the platform comes with scores of preinstalled technical indicators.
The newest version of MT5 offers improved charting, a great trading interface, and the possibility to manipulate trades at will. The platform supports 21 time frames and eight types of pending orders. An economic calendar is part of the platform as well.
Geared toward day traders and advanced users, some of MT5’s features may be intimidating for beginners.
The tools available to clients are a copy-trader that can copy Micro and Standard Accounts, an ECN Account option for those outside the EEA, as well as a zero-spread account. The FBS website features an economic calendar and a currency converter as well.
10. StormGain Trading Platform
StormGain’s platform is a proprietary, browser-based solution, offering access to a wide range of trading instruments and advanced trading tools.
The compatibility of the platform is outstanding. It works with all major browsers, and users can access it through mobile device-based browsers as well.
The StormGain trading interface is simple, highly functional, and it looks good. The site covers a selection of crypto/trading news to help with fundamental analysis. The platform supports advanced charting, complete with technical indicators, to cover technical analysis. Under the chart section, the interface features a squawk box-like news ticker that also helps with the fundamentals.
Charting is available in futures trading as well as exchange mode.
The selection of available time frames ranges from one minute to one month. Traders can set several graph types, from lines to candlesticks, hollow candlesticks, and bars.
StormGain’s selection of technical indicators features three categories: trend indicators, oscillators, and volatility indicators. In the context of cryptocurrency trading, we have found this categorization handy and relevant.
Traders who rely on technical analysis will be pleased to learn that the platform supports full-screen charting. In this mode, scores of drawing tools pop up, while the news ticker remains active at the bottom.
Through the main dashboard of the platform, traders can access every available StormGain service at a click.
The order books are available in exchange and futures mode, showing data from real accounts, even in the Demo version.
Opening a position in futures mode is as easy as clicking a Buy/Sell button. Setting the leverage is easy through a slider. The interface also allows the setting of Take Profits and Stop Losses to protect trades.
The StormGains wallet is another useful feature. Connected directly to the exchange, it supports an impressive number of crypto coins. Buying and selling coins through the exchange is as simple as clicking a button.
The trading interface also offers quick access to the miner, allowing users to keep track of their earnings.
Please share all the comments you might have on these online trading platforms in the comment field below. Which is the best trading platform in the UK according to you? And would you say that the same platform is also best for beginners?