Best Trading Platforms of 2021 For UK Based Traders
Online stock and forex trading has become a relevant activity for many British-based traders and knowing which one is the best trading platform to enter a financial market is a basic need if you want to succeed.
Trading platformsand broker providers have the key rule of facilitating traders with their trading activity. To accomplish this task, they have empowered nowadays trading platforms with plenty of financial tools, data, low spreads and the likes.
But which one has the better offer today in the United Kingdom, and what makes them different from the competition?
Regulation
Before we start to analyse the specifics and the offer of the top trading platforms of 2021, we must stress the fact that we chose regulated trading platforms only.
In fact, when you open a trading account you must rely on a trustworthy broker and entrusting them to handle your funds and personal data. This is a big responsibility which should be delegated only to those who have been regulated by a financial regulator.
In the UK most brokers follow the rules and the high-standards imposed by the Financial Conduct Authority (FCA). Therefore, the following trading platforms possess an FCA license and comply with it.
Top 3 Best Trading Platforms
Our next top 3 list of the best trading platforms on the UK market today is the result of cross-review of the most important features needed for trading in the best financial markets available today. These include features such as auto-trading, trading bots, competitive spreads and proper regulation.
1) PowerDesk (FinecoBank)
PowerDesk is an awarded and innovative trading platform empowered by FinecoBank. It gives you the possibility of access to 26 global markets and 20,000+ financial instruments to trade with their platform whenever and wherever you want once opened a trading account with Fineco.
Those include:
- UK & US Shares
- EU Shares
- US ETFs
- EU ETFs
- Share CFDs
- FX Pairs
- Indices CFDs
- Futures
- Options
- Funds
It is important to know for those interested in Forex trading that with PowerDesk you will be able to trade in local currency with zero conversion fees and hold 20+ currencies in a single account.
2) NAGA Trader
The NAGA trading platform is an award-winning platform for both mobile app and web interface.
Formerly known as SwipeStox, their main focus is the mobile app world and the social media features included in them. In fact, when you open the NAGA app it looks more like a dating app than a trading platform, with a swapping system which will remind you of Tinder and the likes.
Between the 950+ financial instruments tradable with NAGA we remember:
- CFDs
- Forex Pairs
- Stocks
Thanks to this app you will then be able to “swipe” through countless trades and look at all the free data provided by both NAGA and the community’s feedback.
3) ZuluTrade
Heavily focused on Forex trading, ZuluTrade is a cutting-edge trading platform and app which relies on different partners to operate worldwide. In the UK, they rely on ThinkMarkets, an FCA regulated broker with headquarters in London and Melbourne and more than 10 years’ experience in providing access to financial markets and assets.
With ZuluTrade trading platform you will be able to use many of their prized features, including:
- ZuluScripts: a feature that enables the trader to create a set of custom instructions or “scripts” in order to automate trading operations when certain criteria are reached.
- The Automator: a feature that enables you to set rules to lock profit, use Stop/Limit loss for selected trades and close for profit your best trades
- Copy Trading: ZuluTrade includes one of the largest Copy Trading communities from all over the world. This trading methodology, also known as Mirror Trading, lets you follow and replicate signals from more experienced traders present on the platform by opening and closing the same positions on the market.
Finally, ZuluTrade gives you also the chance of tying out most of the platform features thanks to a free trial account which can be created instantly with a Facebook or Google profile or by filling up a form with your personal details.