Our team spent over 100 hours assessing different share dealing accounts for buying shares online in the UK. In total, 46 individual variables were assessed to find the best online broker.
Choosing the right share dealing account is a critical decision for any UK investor. Since each UK trader has their unique strategies, preferences, and needs, we have assessed the top nine brokers currently available to invest online with.
Best Share Dealing Accounts
Here are the top share dealing accounts for buying shares online in the UK.
- Saxo Markets - Best Overall
- IG - Excellent Pricing and Platform
- Interactive Investor - All-Around Great Offering
- Hargreaves Lansdown - Best Research
- DEGIRO - Lowest Fees
Saxo Markets provides a brilliant all-around share trading experience for UK residents. The fees for buying shares are not the cheapest; however, the SaxoTraderGO trading platform is excellent, and there are over 30,000 international products available to trade. Read full review
Excellent Pricing and Platform - Visit Site
Founded in 1974 and respected as one of the most trusted brokers in the world, IG offers competitive commissions on shares (£5.00 - £8.00 per trade), brilliant trading tools, a proper mobile app, and share dealing across 19 international exchanges. Read full review
All-Around Great Offering
Interactive Investor lacks education and a robust trading platform but provides investors transparent pricing alongside brilliant fundamental research for stocks, funds, investment trusts, and ETFs. Read full review
Best Offering of Investments
While Hargreaves Lansdown is among the most expensive brokers for share dealing, it offers a rich offering of investments, excellent market research, and a proper mobile app. Read full review
DEGIRO, known for its low-cost trades, provides investors a diverse offering of products through a basic trading platform. With no minimum deposit, the fee for trading individual shares in the UK is £1.75 + 0.022% per trade, with a maximum charge of just £5.00. Read full review
Other Online Brokers
Outside of the above standout share dealing brokers for 2019, there are four other online brokers we reviewed: Barclays, AJ Bell Youinvest, Lloyds Bank, and Halifax. Here's our high-level takeaways for each broker. To dive deeper, read our full review.
Barclays, "Barclays Smart Investor offers competitive share dealing commissions (£6 per trade) alongside an excellent selection of research tools and education. However, there is no dedicated mobile app for share dealing and the trading tools offered are just average." Read full review
AJ Bell Youinvest, "AJ Bell Youinvest charges £9.95 per trade with a discounted £4.95 per trade rate for investors who place over ten trades a month. AJ Bell offers high-quality research driven by Morningstar as well as an impressive mobile app. Conversely, AJ Bell offers an average trading platform and basic educational resources." Read full review
Lloyds Bank, "Lloyds Bank offers trades between £8 - £11, with the opportunity to receive £1.50 trades with reoccurring investments. Overall, the average platform, tools, and research, as well as the lack of a mobile app, do not justify joining Lloyds unless you make reoccurring investments." Read full review
Halifax, "At £12.50 per trade, Halifax quickly becomes expensive for most traders. Although Halifax offers sound charting and proper research, they have no dedicated mobile application and do not provide enough additional features to be recognized as a top broker." Read full review
Lowest Shares Trading Fees
The best share dealing account for you will depend on whether you are a frequent trader or casual investor, and whether you have a small or large portfolio. Some brokers offer discounted rates for more frequent trading, whilst others charge flat fees. Similarly, some charge holding fees that depend on the size of the account, whilst others have a flat overall fee structure.
Our top pick in the category of Commissions & Fees is DEGIRO. Unlike most share dealing accounts, there are no management/administration/custodial charges for their share-dealing account.
When considering any share dealing account on fees and commissions alone, first identify what type of trader or investor you are. Is your portfolio large enough for management charges to be an important consideration? On average, how many trades do you place each month? Do you invest primarily in stocks, funds or other asset classes?
Next, calculate the overall trading cost to you; crunch the numbers. To help, read our detailed commission notes for each broker. You can also compare brokers side by side using the comparison tool.
Best Share Trading Platform
For many traders, quality trading tools and a robust charting platform are crucial to success. Our research find two brokers shined in this area: Saxo Markets and IG. With standalone trading platforms packed full of features, both brokers provide an excellent platform experience for UK share dealing.
Best Offering of Investments
Investing encompasses a wide variety of asset classes across the global markets. This broad-spectrum ranges from long-term investments in mutual funds and government bonds to share dealing and CFDs, among others. In our UK review, we focused on the full range of brokerage offerings. Overall, Hargreaves Lansdown and Saxo Markets take the crown in 2019.
Research is a crucial area for any online share dealing broker trying to differentiate itself from its competitors. With third parties providing much of the data for the research content, companies that offer comprehensive in-house research, as well as a user-friendly interface, are winners in our eyes.
Overall, Hargreaves Lansdown and Barclays were the clear winners in this category. Closely behind were Interactive Investor and Saxo Markets, who both received 4.5 stars in our research category.
Best Trading App
- Saxo Markets - Excellent all-around app
- IG - Best Mobile Charting
- Hargreaves Lansdown - Great all-around app
For most share dealing brokers, mobile apps focus on just basic account management, trading, and research, if an app is offered at all. For our winners, the mobile experience delves far deeper and brings a full-featured standalone trading experience to iPhone and Android devices. Saxo Markets, IG, and Hargreaves Lansdown are our favorites for 2019.
Scored on 419 data points, here's our final rankings for 2019, sorted by Overall rank.
Best Share Dealing Accounts Summary
|Broker||Best In Class (Top 3)||Online Fee (0-9 Deals)||Annual Fee (<£250,000)||Mobile App||Overall Rating|
|Saxo Markets||Offering of Investments, Platform & Tools, Research, Ease of Use, Beginners||£8.00||0.12% (min. £108)||Yes||5.0 Stars|
|IG||Commissions & Fees, Platform & Tools||£8||£96||Yes||4.5 Stars|
|Interactive Investor||Commissions & Fees, Offering of Investments, Platform & Tools, Research, Ease of Use||£7.99||£120||Yes||4.5 Stars|
|Hargreaves Lansdown||Offering of Investments, Platforms & Tools, Research, Ease of Use||£11.95||0.45%||Yes||4.5 Stars|
|Barclays||Research, Beginners||£6||0.2% (minimum £48)||No||4.0 Stars|
|AJ Bell Youinvest||Beginners||£9.95||0.25% (Max £7.50 per quarter)||Yes||4.0 Stars|
|Lloyds Bank||None||£11||£40||No||3.5 Stars|
|DEGIRO||Commisisons & Fees||£1.75 + 0.022%||None||Yes||3.5 Stars|
For the 2020 UK.StockBrokers.com Review we assessed, rated, and ranked nine UK share dealers. Each broker was graded on 46 different variables and, in total, over 12,000 words of research were produced. Our rigorous data validation process yields an error rate of less than .001% each year, providing site visitors with quality data they can trust. Learn more about how we test and our team.