Best UK day trading platform: how to choose it?

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Best UK day trading platform: how to choose it?Best UK day trading platform: how to choose it?Best UK day trading platform: how to choose it?

How to choose the best trading platform for the UK? Discover which factors you have to keep in mind to select the top trading platform.


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5 min reading

How to choose the best trading platform for the UK?

With day trading you can trade assets on the financial market independently, opening and closing positions on the same day. It’s an approach valued by traders as it allows them to invest in any financial product and speculate in any price direction, even with limited capital.

To invest efficiently and safely, it’s essential that you choose a regulated broker, an authorised intermediary capable of offering you a high-quality and reliable service. Here’s how to choose the best trading platform for the UK, as well as all the factors to consider in order to choose the option best suited to your needs.

UK day trading platforms: which factors to consider?

To day trade, firstly you need the help of a reputable and reliable company. You must check the broker’s reputation, check that the company is authorised by the Financial Conduct Authority (FCA) and that they have a valid UK license.

The trading platform must have a modern and intuitive interface to ensure that it is simple and quick to use. Being able to customise the trading platform is important so that you can set it up according to your investing needs.

Obviously, there must be a mobile app linked to the online or desktop platform in order to access the markets also from mobile devices. The costs must also be contained and sustainable, possibly with no activation costs or monthly fees.

Here are the services and functions a professional day trading platform must have:

  • Graphs and professional indicators for technical analysis
  • Advanced risk management tools (stop losses, take profits, trailing stop losses)
  • Quotations updated in real-time
  • Customisable and user-friendly interface
  • A wide range of products to invest in
  • News about the markets, finance and economy
  • Support for multi-currency investments

Why is it important to choose the best UK day trading platform for beginners?

For a novice investor, choosing the right day trading platform is essential. You must check that it has useful resources and tools for traders with little or no experience, for example:

  • Guides explaining how to use the platform
  • Online training resources
  • Trading accounts suitable for beginners
  • Affordable costs and fees for a novice trader
  • Intuitive risk management tools

It’s also useful for beginners to have a modern and easy-to-use mobile trading app. In this way, you can manage your investments at any time, allowing you to better manage emotional and psychological aspects.

Trading must also be financially accessible, allowing you to start trading with low capital and maintain a cautious approach. Furthermore, it is better to choose brokers that also provide low-risk investment products such as ETFs and ISAs, so that you can balance higher-risk operations and protect your capital.

Which is the best UK trading platform?

One of the best UK trading platforms is PowerDesk, FinecoBank’s multi-award-winning platform for independent online investments. It’s suitable for novice and expert traders alike and is a completely customisable, intuitive and high-performing piece of technology.

The advantages of PowerDesk for online trading include:

  • Trading directly in many currencies (GBP, EUR, USD and many others)
  • No monthly fees and no activation cost
  • Advanced charts and indicators for professional and novice traders
  • Free real-time market data
  • Access to 26 global markets
  • Trading thousands of products (Shares, CFDs, Bonds, FX, ETFs, Options, Futures and many others)

As well as PowerDesk, you can day trade with FinecoBank by using mobile apps or web consoles to benefit from total access to the financial markets from any device at any time. You can carry out trades in over 20 different currencies without conversion fees, just minimal currency spread fees.

FinecoBank’s trading platforms allow you to trade at competitive prices, with no minimum deposit, fixed monthly fees or deposit charges. You can also do zero-fee trading on FTSE100, US and EU Shares CFDs, with no additional spreads.

With FinecoBank, you can also benefit from the support of an important and established European bank in order to have many investing options at your disposal, such as funds, ETFs and ISAs with full, dedicated support for online trading and long-term investments.

Information or views expressed should not be taken as any kind of recommendation or forecast. All trading involves risks, losses can exceed deposits.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62.02% 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.

Before trading CFDs, please read carefully the Key Information Documents (KIDs) available on the website

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These articles are provided for information only, these are not intended to be personal recommendations on financial instruments, products or financial strategies.

If you’re looking for this kind of information or support, you should seek advice from a qualified investment advisor.

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