If you’ve ever bought something or procured a service online, what’s the first thing you check before committing? You guessed it right—online ratings. Customer reviews and testimonials are the currency that buys trust in the internet. These snippets of feedback are the foundation of trust and credibility for businesses.
How can we best tell if a site is trustworthy? As the saying goes, “Trust is earned.” And if a trading platform has earned a reputation, we’ll know it through comments and feedback from previous users. These sentiments shape the perception of a brand or product. So, at InvestingGuide, we give them great consideration. We review thousands of comments from Trustpilot, Play Store, and the App Store to understand what other users say about a particular broker.
We all know how the pursuit of profits can quickly ruin things. It applies to marketers and service providers. InvestingGuide is independent. We purely base our reviews on our experiences and interactions with these trading platforms. Our mission is to help traders and investors identify the best platforms based on performance. We are fair and transparent in our assessment.
All said and done, what’s your take on these trading platforms? Share your opinion with other traders and compare other users’ experiences and testimonials here.
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Visit siteGeneral RatingMinimum DepositPayment & Withdraw OptionsFees on StocksFees on Currency PairsFees on CryptosFees on ETFsFees on CommoditiesSoftwareLicenseMoney InsuranceStock AssetsForex AssetsCommodities AssetsETFs AssetsDemo AccountMobile AppDerivative products are highly leveraged, carry a high level of risk and may not be appropriate for all investors.4.8
$100Credit/Debit Cards, Neteller, Skrill, Online Banking, FasaPay, Crypto, and more0.0 pips0.0 pips0.0 pips0.0 pips0.0 pipsMT4, MT5, TradingView, cTrader, WebTrader, Mobile Trading App, MT5 Mobile TraderASIC, CySEC, FSCA, FSAYes, up to €20,00010,000+70+10+ (CFDs)290+YesAndroid, iOSBefore going any further, note that the FP Markets minimum deposit is £100. You can’t fund your account with anything less than the mandated amount. Also, as a trader, expect to cover stipulated FP Markets fees and commissions. Let’s expound on that.
FP Markets has different trading and non-trading fees. However, the costs you will likely incur depend on where you are from. Take London as an example. If you’re from this city, you’ll incur a 0.10% commission per side while trading equity CFDs. You’ll also have to pay a £60 monthly fee if you use Iress Trader or ViewPoint.
But here’s the good news. You won’t incur additional costs while depositing or withdrawing money from your FP Markets trading account. Moreover, unlike many other brokers, this service provider doesn’t have inactivity fees for dormant accounts.
Please visit FP Market’s official site for a comprehensive overview of all fees and commissions.
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Visit siteGeneral RatingMinimum DepositPayment & Withdraw OptionsFees on StocksFees on Currency PairsFees on CryptosFees on ETFsFees on CommoditiesSoftwareLicenseMoney InsuranceStock AssetsForex AssetsCommodities AssetsETFs AssetsDemo AccountMobile App78% of retail investor accounts lose money when trading on margin with this provider. You should consider whether you understand how margin trading works and whether you can afford to take the high risk of losing your money.4.5
$0Credit Cards, Bank Transfer, PayPalYesYes-$0.02YesMT4, MT5, cTrader, TradingView, Pepperstone Trading PlatformFCA, ASIC, DFSA, CySEC, BaFin, SCB, CMAYes, up to £85,0001000+100+32100+YesAndroid, iOS
After evaluating Pepperstone, we opened a trading account for conducting extensive tests. The process was quick and easy.
But what impressed us most was the Pepperstone minimum deposit requirement. This platform has no minimum deposit, which makes it ideal for low-budget and high-budget traders. If you are a beginner, joining this broker is advisable since you can start with a low amount and increase your stakes with time. To top it off, Pepperstone supports free deposits and withdrawals. This broker allows you to use diverse payment methods for free, from Visa debit and credit cards to PayPal and domestic bank transfers.
When it comes to spreads and commissions, Pepperstone is very cost-friendly. You can open a Razor account with this broker and enjoy 20 commission-free trades. Pepperstone’s Standard accounts also have zero commissions. On the other hand, spreads start from as low as 0.0 pips for forex pairs like EUR/USD and 0.5 for commodities like XAUUSD.
Finally, unlike most of its peers, Pepperstone charges zero inactivity fees. However, any positions you hold overnight with this platform are subject to swap rates. Visit Pepperstone’s pricing page for a detailed account of how this broker calculated swap rates for different financial instruments.
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Visit siteGeneral RatingMinimum DepositPayment & Withdraw OptionsFees on StocksFees on Currency PairsFees on CryptosFees on ETFsFees on CommoditiesSoftwareLicenseMoney InsuranceStock AssetsForex AssetsCommodities AssetsETFs AssetsDemo AccountMobile App64% of retail investors lose money when trading spread bets and CFDs with this provider. 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.4.5
$0Credit/Debit Cards, Bank Transfer, Skrill, Neteller0.10%From 0.6 ptsFrom 0.1 ptsFrom 0.7% ptsFrom 0.4 ptsSpreadex’s Online Trading Platform, TradingViewFCAAvailable for some clients1000+60+Yes200+NoAndroid, iOS
We analyzed Spreadex’s fees and commissions since these elements can impact a trader’s profitability. The first impressive aspect that caught our attention is this broker’s £0 minimum deposit requirement. You can deposit any amount into your Spreadex account and start trading almost instantly. Furthermore, the broker charges zero account maintenance and inactivity fees.
What’s more, Spreadex has tight spreads and commissions. While trading with this broker, you can enjoy low spreads starting from 0.9 pips for GBP/USD, 0.001 pips for USD/INR, and 0.6 pips for EUR/USD. However, note that this broker charges overnight financing fees for positions held overnight.
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Visit siteGeneral RatingMinimum DepositPayment & Withdraw OptionsFees on StocksFees on Currency PairsFees on CryptosFees on ETFsFees on CommoditiesSoftwareLicenseMoney InsuranceStock AssetsForex AssetsCommodities AssetsETFs AssetsDemo AccountMobile AppCFDs are leveraged products and carry a significant risk of loss to your capital, as prices may move rapidly against you and you may be required to make further payments to keep any trades open. These products are not suitable for all clients, therefore please ensure you fully understand the risks and seek independent advice.4.5
$0Credit/Debit Cards, Bank Transfer, Skrill, NetellerFreeFrom 0.1 pipsYes (CFDs)FreeYesxStation 5, xStation MobileFCA, KNF, DFSA, FSCYes, up to £85,0002800+70 (CFDs)27 (CFDs)300YesAndroid, iOS
XTB is a cost-effective trading platform. We used a live account to assess its fees and commissions. The first applaudable aspect we noticed is setting up an account with this broker is quick and easy. Furthermore, there’s no set XTB minimum deposit requirement, and the platform supports free transactions. When it comes to withdrawals, transactions above £50 are free.
That aside, we noticed various mandates on the XTB UK trading platform during our exploration. For starters, this entity has a £10 minimum order requirement for shares from companies like the Associated British Food PLC. Additionally, it requires users to cover a 0.5% conversion fee while trading with anything besides the base currency.
Not to forget, XTB charges different spreads for different instruments and requires traders who hold open positions to cover swap costs.
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Visit siteGeneral RatingMinimum DepositPayment & Withdraw OptionsFees on StocksFees on Currency PairsFees on CryptosFees on ETFsFees on CommoditiesSoftwareLicenseMoney InsuranceStock AssetsForex AssetsCommodities AssetsETFs AssetsDemo AccountMobile App76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.4.5
$100Credit/Debit Cards, Wire Transfer, Paypal, Skrill, Neteller, Perfect Money, BoletoFrom 0.2 pipsYesFreeFrom 0.0013$0.0015 and $1.1000WebTrader, MT4, MT5, AvaOptions, Automated Trading, and AvaSocialCBI, CySEC, ASIC, FSA, FSCA, FSRA, ISAYes, up to $1,000,000600+50+19+ (CFDs)60+ (CFDs)YesAndroid, iOS
Before going any further, note that there’s an AvaTrade minimum deposit requirement for UK traders. Fundamentally, this service provider requires Britons to fund their account with at least £100 while using supported payment methods like wire transfer, credit card, and e-payment. You should keep that in mind while funding your trading account.
That aside, while evaluating AvaTrade, we discovered that this broker has numerous fees and costs. For starters, it requires dormant account holders to pay a £50 inactivity fee. It kicks in after 3 successive months of dormancy, and the broker charges it after every 3 months.
Additionally, dormant AvaTrade accounts incur a £100 annual administration fee that takes effect after 12 months of inactivity. Not to forget, while trading with AvaTrade, you’ll have to cover an overnight premium whenever you keep a position open after the stipulated overnight funding time, which is 22:00 GMT.
Regarding spreads and commissions, AvaTrade is one of the most affordable brokers in the UK. With this platform, you will enjoy reasonable spreads starting from 0.13% while trading popular instruments like Tesla and Amazon shares are involved. AvaTrade doesn’t require traders to cover any commissions. The broker uses the Bid-Ask spread to compensate itself.
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Visit siteGeneral RatingMinimum DepositPayment & Withdraw OptionsFees on StocksFees on Currency PairsFees on CryptosFees on ETFsFees on CommoditiesSoftwareLicenseMoney InsuranceStock AssetsForex AssetsCommodities AssetsETFs AssetsDemo AccountMobile App65% of retail investor accounts lose money when trading CFDs with this provider.4.5
Free (for Classic account)Credit/Debit Cards, Bank TransfersFrom $1From only 0.5 pipsYes (depends on account type)From $1Yes (depends on account type)SaxoInvestor, SaxoTraderGO, SaxoTraderPROFCA, MAS, FSMA, ASICYes, up to €100,00023,500+185+207,000+YesAndroid, iOS
Saxo is one of the brokers in the UK with transparent fee structures. While analysing its trading and no-trading charges, we noted that the broker has no hidden charges. This makes it easier for users to plan and budget for their activities without worrying about extra charges once fully invested.
Additionally, we find Saxo affordable since it charges low commissions, starting at $1 on US stocks, ETFs, and futures. For traders interested in options and government bonds, Saxo charges low fees, starting at $0.75 and $0.05%, respectively.
When it comes to Saxo’s minimum deposit requirement, the broker has none. This means that any trader, whether new or budget-conscious, can create a trading account with the broker and start exploring the financial space. However, expect to incur a currency conversion fee, especially when you trade using a different currency from your account’s base denomination. The good news is this fee doesn’t apply to marginal collateral and can never exceed +/- 0.25%.
Financing charges for positions left overnight are also applicable at Saxo. For investors, expect to incur annual custody fees if your account holds stock, bond, or ETF/ETC positions. The exact fee will vary depending on your account. Our analysis showed that you will pay up to 0.15% for the classic account, 0.12% for the platinum account, and 0.09% for VIP accounts.
Lastly, Saxo charges fees for additional services besides those mentioned above. For instance, it imposes a $50 fee for online report requests. Plus, transactions are free, and there is no inactivity fee should your account stay idle for some time.
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Visit siteGeneral RatingWallet TypePriceFeesCryptocurrencies AvailableHardware Wallet SupportedCustomer ServiceMobile AppCoinbase will NEVER ask you for your Private Keys or Recovery Phrase. Do not share these with any person or site, or you could lose access to your wallet, or have your digital assets moved out of your wallet by an attacker.4.4
Self-custody walletFreeYes1000+Yes24/7Android, iOS
Before you start securing and transacting at Coinbase wallet, ensure it is affordable to avoid getting frustrated with high charges. From our experience, setting up the wallet is free. You can download its app to your iOS or Android mobile device from Google Play or the App Store. The wallet also has a browser extension to enable you enjoy its services using your desktop device.
While the wallet is free to download and set up, it charges transaction fees. This mostly applies when you deposit or withdraw digital tokens from Coinbase to external wallets. You will also incur buying, selling, or swapping charges. Comparing Coinbase wallet cost to its peers, they are a bit higher. However, you are free to customise the amount you want to pay depending on how long you can wait for the transaction processing.
Overall, the Coinbase wallet doesn’t charge any fees when you transfer cryptos from its exchange to the wallet. Also, storage is free, and you can keep your tokens with it for as long as you want without worrying about rising costs.
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Visit siteGeneral RatingCryptocurrencies AvailableFeesPayment MethodsAccount MinimumDigital WalletMobile AppInvestingGuide is not an investment advisor. Please do your own research before making any investment decisions.4.4
260+From 0.05%Debit Card, PayPal, Wire Transfer, SEPA Transfer$2YesAndroid, iOS
Creating and maintaining a Coinbase account is free. We used that fact to our advantage by opening a new account and using it to test the Coinbase exchange. While exploring and evaluating this platform, we stumbled upon a few other noteworthy details.
For starters, Coinbase allows its users to store their FIAT and digital assets on the platform free of charge. Moreover, the company’s clients can transfer crypto to and from different primary balances at no cost.
That said, this company requires its users to pay a stipulated fee when transferring crypto from their Coinbase wallets to other digital wallets. The exact charges depend on factors like the prevailing network fees. Moreover, all Coinbase users must cover a 0.1% processing fee while using the Lightning Network to send Bitcoin from the exchange.
Coinbase also requires investors and traders to cover specific fees while buying, selling, or converting crypto on the exchange. Numerous factors, including your order size and preferred payment method, will determine the costs you’ll incur while partaking in such ventures. You should always use the preview screen to view the fees you are supposed to cover before placing an order.
Not to forget, this exchange includes a spread in every quoted price. Expect to cover this expense whenever you place simple buy/sell orders. If you want to avoid paying the spread, switch to Coinbase Advanced, where you can interact with the order book without an intermediary.
Finally, Coinbase charges maker fees starting from 0bps and taker fees starting from 5bps. And although some payment methods, like ACH, offer free deposits and withdrawals, most require Coinbase users to pay transaction fees. For instance, when withdrawing GBP with Swift, you must pay a £1 withdrawal fee.
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Visit siteGeneral RatingMinimum DepositPayment & Withdraw OptionsFees on StocksFees on Currency PairsFees on CryptosFees on ETFsFees on CommoditiesSoftwareLicenseMoney InsuranceStock AssetsForex AssetsCommodities AssetsETFs AssetsDemo AccountMobile App74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.4.4
$100Wire Transfers, Credit/Debit Cards, PayPal, Neteller, Skrill0.1% per trade with a minimum charge of $10From 0.1 pipsSpread from $30From 0.1%YesFxPro Mobile App, MT4, MT5, cTrader, FxPro WebTraderFCA, CySEC, FSCA, SCBYes, up to €20,0001900+70+1020+YesAndroid, iOS
From our broker analysis and comparisons, we find FxPro to be one of the most affordable brokers for Ul clients. For starters, this broker has a free account opening procedure that takes minutes to complete. Moreover, it has a £1000 minimum deposit requirement, though you can deposit as little as £100. And when it comes to transaction costs, FxPro doesn’t impose any. We believe this makes it suitable for newbies who are sceptical about spending a lot of money and low-budget traders.
When it comes to trading charges, FxPro imposes low fees compared to other brokerage firms. For instance, forex trading attracts low fees, starting from 0.0 pips on major currency pairs. However, expect to incur additional costs for positions left overnight. There is also an inactivity fee of £10 monthly should your account remain dormant for over six months.
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Visit siteGeneral RatingMinimum DepositPayment & Withdraw OptionsFees on StocksFees on Currency PairsFees on CryptosFees on ETFsFees on CommoditiesSoftwareLicenseMoney InsuranceStock AssetsForex AssetsCommodities AssetsETFs AssetsDemo AccountMobile App82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.4.3
$100Bank Wire Transfer, Credit/Debit Cards, Paypal, SkrillYes0.6 pips to 1.7 pipsNot available for UK tradersVariable spread0.02% to 0.40%+Plus500 WebtraderFCA (FRN 509909), CySEC (#250/14), ASIC, MAS, FSA, SFSA, EFSRA, DFSA, FSCA, FMAYes, up to £85,0002000+ (CFDs)60+ (CFDs)25 (CFDs)100+ (CFDs)YesAndroid, iOS
Brokers need to generate revenue and cover operating costs. That’s why many have fees and commissions. Sadly, high charges can undermine your profitability in the long run. That’s why looking for an affordable service provider is necessary.
With that in mind, we evaluated Plus500 fees UK. The process was easy since this broker values transparency. Our team was impressed by the fact that the trading platform doesn’t charge a dime for most services. First, opening an account is free. Deposits and withdrawals also attract zero charges. Furthermore, the broker offers free live CFD prices and dynamic charts. But note that the Plus500 minimum deposit UK is £100.
Plus500 primary source of compensation is the spread. While trading with this platform, you’ll have to cover the spread whenever you open a position. Your costs will depend on various factors, including your preferred instrument and current market conditions.
This broker also charges overnight funding and currency conversion fees. The former fee kicks in whenever you keep a position open overnight. On the other hand, you have to cover currency conversion fees whenever you interact with any currency besides your account’s base currency. Lastly, dormant Plus500 accounts attract a £10 monthly inactivity fee.
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Visit siteGeneral RatingMinimum DepositPayment & Withdraw OptionsFees on StocksFees on Currency PairsFees on CryptosFees on ETFsFees on CommoditiesSoftwareLicenseMoney InsuranceStock AssetsForex AssetsCommodities AssetsETFs AssetsDemo AccountMobile App72% of retail investor accounts lose money when trading CFDs with OANDA TMS Brokers S.A. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.4.3
$0Credit/Debit Cards, Bank Transfer, Trustly0% on US shares; from 0,15% on EUYesFree (CFDs)-YesMT5, TradingView, Mobile AppFCA, CySEC, FSAYes, offers Negative Money Protection2200+4813 (CFDs)14 (CFDs)YesAndroid, iOS
Opening an OANDA trading account is free, and you only need your personal details to set it up. From our experience, there is no minimum deposit requirement. We believe this attracts even low-budget traders as they can easily dive into financial market investment with any amount they can afford.
We also noticed that the OANDA broker doesn’t charge fees for deposits. This is whether you transact using credit/debit cards, e-wallets, or bank transfers. Plus, users can make one free withdrawal every month using their credit/debit cards. Subsequent withdrawals attract a fee, which varies depending on the currency you are transacting with. Bank transfers and e-wallet withdrawals also attract a fee, which from our analysis, is higher than credit/debit card withdrawals.
When it comes to inactivity fees, OANDA charges £10 monthly should your account remain dormant for over 12 months. Financing charges also apply for positions left overnight. Overall, we can confidently state that OANDA has no hidden charges. It allows users to easily plan and budget for their activities without worrying about future surprises.
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Visit siteGeneral RatingMinimum DepositPayment & Withdraw OptionsFees on StocksFees on Currency PairsFees on CryptosFees on ETFsFees on CommoditiesSoftwareLicenseMoney InsuranceStock AssetsForex AssetsCommodities AssetsETFs AssetsDemo AccountMobile App77.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.4.1
$100Bank Wire Transfer, Credit/Debit Cards, E-walletsFrom 0.08%From 0.7 ptsOnly the spread is applied-FreeMobile App, Web Trading, MT5, TradingviewCIRO, CySEC, NFA, CFTC, CIMA, FCA, SFC, FSA, MAS, ASICNo70+80+8NoYesAndroid, iOS
Forex.com UK has a transparent fee structure you will find on its official website. There are no hidden costs based on our analysis. This makes us conclude that it enables users to budget accordingly without worrying about additional charges.
Note that signing up for a trading account at this broker’s site is free. Forex.com minimum deposit requirement is £100, which we believe is among the lowest in the industry. And the best part is that Forex.com does not impose deposit and withdrawal charges.
When it comes to trading at Forex.com, expect to incur low spreads, starting from 0.8 pips on major currency pairs. Commission also applies to share trading, starting from 8 basis points. The best part is that Forex.com features an Interest Payment Scheme. This allows users to earn interest on their tradable account funds. However, this scheme comes with specific requirements that you must meet to qualify.
Another fee to expect with Forex.com is overnight charges for positions left overnight. You will also incur inactivity fees of £15 monthly should your trading account remain dormant for over 12 months.
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Visit siteGeneral RatingMinimum DepositPayment & Withdraw OptionsFees on StocksFees on Currency PairsFees on CryptosFees on ETFsFees on CommoditiesSoftwareLicenseMoney InsuranceStock AssetsForex AssetsCommodities AssetsETFs AssetsDemo AccountMobile App74% of retail investor accounts lose money when trading spread bets and CFDs with this provider. 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.4.1
$0Credit/Debit Cards, Bank Transfer, PayPalFrom 0.10% + 0,5% transfer feeFreeOnly the spread is appliedYesFrom 0.1 pointsMT4, IG Online Platform, ProRealTime, Trading AppsSEC, FCA, BaFin, DFSA, FSCA, MAS, JFSA, ASIC, CFTC, BMA, CySECYes, up to £85,00018,000+80+35+5400+YesAndroid, iOS
Opening an IG Markets account doesn’t cost a dime. Moreover, this broker has no minimum deposit, so you don’t have to worry about compromising your budget. You can also enjoy significant savings by trading with IG Markets since it offers tight spreads, starting from 0.1 points on commodities and 0.6 points on popular currency pairs.
With that in mind, IG Markets charges overnight funding for cash CFD positions and daily funded bets (DFBs) that remain open past 10 pm UK time. The broker also requires traders to cover a small guaranteed stop fee. The fee kicks in every time the guaranteed stop feature is triggered. You should also expect to incur additional when shorting stocks and augmenting your trading experiences with premium services like live data streams.
Luckily, deposits and withdrawals are free on IG Markets. The broker only requires traders to pay a 0.5% standard currency conversion fee. Furthermore, the platform has zero inactivity fees, though your account will be terminated if it remains dormant for 24 consecutive months.
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Visit siteGeneral RatingWallet TypePriceFeesCryptocurrencies AvailableHardware Wallet SupportedCustomer ServiceMobile AppExodus is a software platform ONLY and does not conduct any independent diligence on or substantive review of any blockchain asset, digital currency, cryptocurrency or associated funds.4.2
Self-custody walletFreeTransaction fee when send crypto200+Yes24/7Android, iOS
The best thing about Exodus is the wallet is free. You can get it today without incurring any expenses. Moreover, despite having exceptional features and top-notch security, it has zero storage fees.
Lastly, Exodus users don’t have to pay additional charges to receive or send supported crypto assets like Bitcoin and Ethereum. The only fees you’ll incur while using this wallet are network fees, which go straight to the concerned network, not Exodus’ coffers.
Visit the company’s website for more information about Exodus wallet fees.
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Visit siteGeneral RatingMinimum DepositPayment & Withdraw OptionsFees on StocksFees on Currency PairsFees on CryptosFees on ETFsFees on CommoditiesSoftwareLicenseMoney InsuranceStock AssetsForex AssetsCommodities AssetsETFs AssetsDemo AccountMobile App{etoroCFDrisk}% 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. Copy Trading does not amount to investment advice. Your investments value may go up or down. Your capital is at risk. Other fees apply.4.1
From $50 (depending on the country)Credit/Debit Cards, Bank Transfer, eToro Money, PayPal, Neteller, Skrill, Online BankingFree1.5% or 3.0% conversion feeFrom 1% to $100FreeYes (as CFD)eToro investing platform, Multi-asset platform, Copy Trader, Smart PortfoliosFCA, CySEC, MFSA, FSRA, ASIC, FSAS, SECYes, up to 1 million € or A$4,500+5535670YesAndroid, iOS
If there’s anything that can eat away at your profit margins, it’s unnecessary costs. Thankfully, eToro fees UK are reasonable and pocket-friendly. We acquired a new account without paying a single cent, which was quite a relief. We also noticed that you can enjoy free deposits by using USD. That said, eToro supports many other currencies, including GBP, EUR, and RMB.
You will incur conversion fees if you use any currency other than USD. And if you use any currency that eToro doesn’t support, you must pay conversion fees to your payment provider. The exact conversion fees you may incur at any moment will depend on various factors, including your preferred currency and payment method.
Please note that eToro subjects each withdrawal request to a £5 fee. The platform uses this money to pay expenses arising from international money transfers. Most importantly, you can’t withdraw less than £30 from the eToro trading platform.
While depositing money into our account, we noticed that eToro has strict minimum deposit requirements. Britons using this platform have to deposit at least £100 the first time. Afterwards, you can fund your account with as little as £10, depending on your preferred payment method.
Commission-wise, eToro is very friendly to people who trade ETFs or invest in real stocks since the broker charges 0% for these assets. On the other hand, if you buy or sell crypto on this platform, expect to pay a 1% fee. CFD trading also attracts variable spreads depending on the involved instruments. For instance, the spreads for currencies and commodities start from 1 pip and 2 pips, respectively.
Not to forget, eToro charges a £10 monthly inactivity fee that kicks in after 12 months of dormancy.
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Visit siteGeneral RatingMinimum DepositPayment & Withdraw OptionsFees on StocksFees on Currency PairsFees on CryptosFees on ETFsFees on CommoditiesSoftwareLicenseMoney InsuranceStock AssetsForex AssetsCommodities AssetsETFs AssetsDemo AccountMobile AppBetween 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.3.9
$0Bank Wire Transfers, ACH Transfers$01/10 pipFrom 0.12% to 0.18%$0YesTrader Workstation, IBKRFCM, CFTC, SEC, FINRA, MAS, ASIC, CBI, FSAYes, up to £85,00090+100+Yes90+YesAndroid, iOS
Numerous factors, including the £0 Interactive Brokers minimum deposit UK requirement, made our exploration easier and more enjoyable. This trading platform allows users to trade and invest with whatever they can afford, making it ideal even for traders and investors working with a restricted budget.
We were also wowed by the friendly Interactive Brokers fees UK policies. For starters, this company offers free deposits to people who use supported payment methods, including bank transfers. Only people who use physical currency deposits are subjected to a 1% special handling fee. Moreover, this service provider has zero inactivity fees and commissions as low as £0.0005 for stocks and ETFs.
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Visit siteGeneral RatingCryptocurrencies AvailableFeesPayment MethodsAccount MinimumDigital WalletMobile AppWe are not an investment advisor. Please do your own research before making any investment decisions.3.9
350+0.04-0.20% maker fee 0.10-0.20% taker fee $5 inactivity feeCredit/Debit Cards, Bank Transfer$1YesAndroid, iOS
Ungodly costs undermine your capital and returns. For that reason, we analysed Crypto.com fees UK. Luckily, this exchange has affordable charges and commissions. The first thing we noticed is that this service provider allows new users to register and set up their Crypto.com wallet for free.
Moreover, Crypto.com has zero limits and fees for depositing crypto to the exchange. To make things even better, this service provider supports free GBP deposits. However, you must use a supported payment method like Faster Payments Service (FPS) to enjoy the latter.
That aside, Crypto.com users must cover varying maker and taker fees determined by their 30-day trading volume. Anything less than £50,000 attracts a 0.15%/0.30% maker/taker fee. But the numbers drop to 0.00%/0.05% for trading volumes of up to or more than £10,000,000. The more you trade, the lesser your fees.
Crypto.com has a free proprietary visa card you can use to make crypto payments. However, we discovered several fees associated with this product. For starters, if you ever decide to close your card, you’ll have to pay a £50 fee before any remaining funds get returned to you. The card also comes with a monthly free ATM limit. If you exceed it, you’ll incur a 2% withdrawal fee. Furthermore, dormant Crypto.com cards incur a £5 monthly fee that kicks in after 12 months of inactivity.
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Visit siteGeneral RatingCryptocurrencies AvailableFeesPayment MethodsAccount MinimumDigital WalletMobile AppSome crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position.3.7
200+3% conversion fee 0.25% maker fee 0.40% taker feeCredit/Debit Cards, Google Pay, Apple Pay, ACH Online Banking$10YesAndroid, iOS
Opening a Kraken account won’t cost you anything. The Kraken wallet is also free to acquire and use. That said, while trading with this review, you will be required to cover maker/trader fees starting from 0.00%/0.10%. But, to enjoy such low costs, you must have a high 30-day trading volume. Otherwise, if your 30-day trading volume is low, you may be subjected to higher maker/trader fees of up to 0.25%/0.40%.
With that in mind, many of the crypto assets supported by Kraken come with zero address setup and deposit fees. However, they have minimum deposit requirements. You should pay close attention to the latter since any deposits below the stipulated minimum are lost forever.
Also, note that Kraken allows users to trade with leverage. However, this optional and advanced feature can increase overall costs with additional rollover and margin opening fees. You will be exposed to higher charges if you purchase, sell, or convert your assets with the Instant Buy/Sell feature.
Finally, Kraken charges zero account maintenance, inactivity, and storage fees. -
Visit siteGeneral RatingWallet TypePriceFeesCryptocurrencies AvailableHardware Wallet SupportedCustomer ServiceMobile AppUsing digital wallets involves risks such as security vulnerabilities, potential loss or theft of the device, and exposure to fraud. Additionally, technical issues and evolving regulatory environments can affect access and usage of your digital assets.3.7
Non-custodialFreeConvenience fee of 0.1%700+Yes24/7Android, iOS
Setting up the Crypto.com DeFi wallet is free, whether on your Android or iOS mobile device or browser extension. As mentioned earlier, you do not need an account at its exchange to benefit from the wallet’s services. Any UK cryptocurrency investor can download the app and get started.
While investing using the Crypto.com wallet, we incurred transaction charges for sending tokens across various networks. The fees vary depending on the blockchain and the time you are transacting. Note that Crypto.com hosts the Ethereum gas meter, which gives users real-time updates on gas fees and transaction speed. From our experience and knowledge, the best time for cheaper transactions is when the networks are less congested.
Besides transaction charges, Crypto.com DeFi wallet users will incur protocol and bridge service fees. These fees are charged by the underlying protocol and the Crypto.com App, respectively. The Crypto.com DeFi wallet also charges for services such as buying tokens using fiat currencies. And since it integrates with decentralised applications, users will pay a fee when they connect with the apps. Overall, you will incur a 0.05% service fee on whatever you earn using its DeFi offerings.
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Visit siteGeneral RatingCryptocurrencies AvailableFeesPayment MethodsAccount MinimumDigital WalletMobile AppInvestingGuide is not an investment advisor. Please do your own research before making any investment decisions.3.6
700+0.02% maker fee 0.05% taker feeAirTm, Apple Pay, Google Pay, PayPal, Neteller, Lemon Cash, ZaloPay, Easypaisa100 USDTYesAndroid, iOS
You can open a free HTX account today. Also, you won’t incur any account management fees with this exchange.
That said, HTX has a tiered fee structure that you should check out before signing up. We evaluated it and discovered a few things. First, this company has a 0.2% base fee for crypto-to-crypto traders. Furthermore, the exchange requires HT holders to cover a small fee rate ranging from 0.07% to 0.18%. HTX users with higher HT holdings enjoy lower fee rates and vice versa.
HTX also has a unique tiered fee program for professional traders. If you are a professional crypto trader with a large 30-day BTC trading volume, you can enjoy low maker/ taker fees starting from 0.0097%/ 0.0193%. This program’s maximum maker/taker fee rate is 0.0362%/0.0462%, which applies to investors with 30-day BTC and HT trading volumes ranging from 700-999 BTC and 2000 HT, respectively.
If you use credit card to buy crypto on HTX, you will have to cover a 1% fee. Please note that this exchange also charges deposit and withdrawal fees for fiat currencies. You can check the exact charges and deposit/withdrawal limits through your account. Just log in, navigate to the “Balance” section, and click “Deposits and Withdrawals.”
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Visit siteGeneral RatingWallet TypePriceFeesCryptocurrencies AvailableHardware Wallet SupportedCustomer ServiceMobile AppDon’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.3.4
Hot/ColdFreeBlockchain fee120+Yes24/5Android, iOS
The eToro crypto wallet is free to acquire and set up. So, don’t worry about covering upfront costs. Additionally, receiving and transferring crypto from your eToro money crypto wallet won’t cost you a dime; these services are free. The only charges you may incur are related to blockchain fees, which get paid to the network miners who confirm and validate your transactions.
eToro allows its users to send crypto worth £50,000 per transaction. Additionally, this crypto wallet has a capped daily maximum transaction limit of £200,000.
