Top UK Options Trading Platforms

There are a number of key factors to consider when selecting a broker for options trading. First and foremost, it is important to look for FCA-accredited brokers as this ensures that they adhere to a strict set of rules governing their business practices. It is also worth examining transaction fees, particularly on margin trading, and whether any monthly or annual platform fees are charged. Look also into whether any discounts are offered based on trading volume, and investigate hidden costs like inactivity or withdrawal fees.

Comparing the Top UK Options Trading Platforms – Which Is Best

Investor Centre is a well-established name in the industry, providing a robust and comprehensive platform. The firm offers a cost-effective package, with no commissions on spread betting options and no overnight financing fees for positions held past a day. Additionally, City Index boasts a range of research tools, including a news feed from Reuters and detailed market analysis. Traders can access the platform via desktop, web and mobile devices.

Saxo Markets is another highly regarded broker in the options trading arena. With a client base that spans the globe and tier-one licenses from major financial hubs, the firm delivers unparalleled market access and advanced trading tools. However, its vast offerings and robust features may prove overwhelming for novice traders.

For those looking for a US based broker offering options, then it is best to opt for a DMA (Direct Market Access) broker. These brokers are able to offer buy and sell access to exchange options, unlike CFD or spread bet providers who can only provide options as a financial instrument. One such DMA broker is tastytrade (formally IG), who allow UK signups and can trade all US options and stocks (except some ETF’s).

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Spread the love There are a number of key factors to consider when selecting a broker for options trading. First and foremost, it is important to look for FCA-accredited brokers as this ensures that they adhere to a strict set of rules governing their business practices. It is also worth examining transaction fees, particularly on…