is committed to the highest ethical standards and reviews services independently. Learn How We Make Money Review

March 19, 2024

Your capital is at risk. is a U.K. broker primarily known for CFDs (contracts for difference) and spread betting. While it previously offered the chance to buy and sell shares commission-free, you can no longer buy shares directly through Trading is limited to an unleveraged CFD account.
3.5/5 Stars Overall
  • Minimum Deposit: £20.0
  • ISA: No
  • SIPP: No pros & cons

thumb_up_off_alt Pros

  •’s pricing and low trading fees are very competitive compared to other U.K. brokers.
  • There are no custody charges at – an uncommon benefit among U.K. stock brokers.
  •’s mobile trading app is user-friendly and very easy to use.
  • Beginner investors will find a good range of educational material in both written and video form (though the content is aimed at CFDs and spread betting).
  • The broker’s web platform has an intuitive interface and features customisable charts with a good range of technical indicators.

thumb_down_off_alt Cons

  • Investors can no longer purchase stocks directly– you can only bet on stock price movements, via CFDs.
  •’s investment offering is very limited for everyday investors. It does not offer mutual funds, bonds, ETFs, or investment trusts.
  • There is no option to trade through an ISA or SIPP.
  • A monthly inactivity fee of £10 is incurred if you haven’t traded within the past 12 months.

Overall summary

Overall Rating 3.5/5 Stars
Charges & Fees 4.5/5 Stars
Investment Choices 2.5/5 Stars
Mobile App 4.5/5 Stars
Website 4.5/5 Stars
Ease of Use 2.5/5 Stars
Education 3.5/5 Stars

Charges and fees does not charge any commission when investing indirectly in stocks through its 1X Account, a CFD trading account without the use of leverage. There are also no custody charges, no inactivity fees or charges for depositing or withdrawing money. However, be aware you will not own actual shares through

This makes very competitive on price compared to other brokers. It is unusual to find a broker that does not have any custody charges. makes money through its CFDs, charging for holding positions overnight and for guaranteed stop losses.

A minimum deposit of £20 is required to open an account. Minimum withdrawals are £50, unless you have less than this in your account so you can withdraw the whole lot if needed.

A monthly inactivity fee of £10 is charged if you haven’t traded within the past 12 months, which is something to be mindful of.

Minimum Deposit info £20.0
Share Trading: 0-9 Deals/ Month info N/A
Share Trading: 10-19 Deals/ Month info N/A
Share Trading: 20+ Deals/ Month info N/A
Annual Custody Fee: £0 - £250,000 info £0
Annual Custody Fee: £250K-£500K info £0
Annual Custody Fee: £500,000 - £1m info £0
Annual Custody Fee: £1m and over info £0
Bonds - Corporate - Fee info N/A
Bonds - Government (Gilts) - Fee info N/A
ETFs - Fee info N/A
Investment Trusts - Fee info N/A
Telephone Dealing Fee info N/A
Visit Site
View More

query_stats What type of trader are you?

Our guides can help you choose the right broker for you and the way you trade: whether you consider yourself an investing beginner, a more experienced active trader, or a mobile-first trading enthusiast.

Mobile trading apps’s mobile app is user-friendly and very easy to use. When you log in, you are taken to a summary of how the main stock markets are performing in the U.S., U.K. and Germany. You can also see your watch list, set stock price alerts, see which stocks are popular right now, and access the education hub. Here, there are various videos on how to use the platform and explaining key investment strategies. also has a stand-alone app, Investmate, which houses educational content to help you achieve goals such as learning how to predict trends and becoming confident in CFD trading.

Tapping on a stock will bring up the option to buy or sell through a CFD trade, along with a chart showing historical performance up to the past six months and latest news relating to the company. There are 18 chart drawing tools and 77 indicators available through the app, but there doesn’t appear to be an ability to overlay two stocks on a single chart for comparison. I think this would be a useful feature to add, and is offered by competitors including Saxo and Interactive Brokers.

Tap for a walk-through of's trading app.


Like the app, the website is reserved for CFD trading and spread betting. You can no longer buy stocks through, although we hope to see add the ability to trade stocks again at some point.

The web platform has an intuitive interface that is easy to use and navigate. You can customise a chart using 18 drawing tools and 77 technical indicators. You cannot overlay different stocks or assets on a single chart, but you can compare charts side by side.

Web Platform info Yes
iPhone App info Yes
Android App info Yes
Stock Alerts info Yes
Charting - Indicators / Studies info 77
Charting - Drawing Tools info 18
Charting - Notes info Yes
Charting - Display Corporate Events info No
Charting - Stock Overlays info No
Charting - Index Overlays info No

Investment choices’s investment offering is very limited for everyday investors. It does not offer mutual funds, bonds, ETFs or investment trusts – and no longer offers the opportunity to own shares directly.

You can bet on stock price movements through the 1X Account, which is a CFD trading account without the use of leverage. This can be confusing to those new to share trading as you will not own the underlying share itself. If you want to purchase shares directly, check out other brokers including Freetrade, eToro and Trading 212.

Share Trading info Yes
CFD Trading info Yes
Funds info No
Research - ETFs info No
Bonds - Corporate info No
Bonds - Government (Gilts) info No
Investment Trusts info No
Spread Betting info Yes
Crypto Trading info No
Advisor Services info No

currency_pound Are you new to investing?

We thoroughly tested 17 top U.K. brokerages to find the best choices for beginner investors. Read more in our guide.


Overall, offers a very good range of educational material in both written and video form. There are various courses on both its website and standalone app, Investmate, which take you through the basics of trading and how to understand technical terms such as CFDs. The education is aimed at CFD trading and spread betting. has its own YouTube channel with more than 190,000 subscribers, and features regular video analysis on oil, gold and forex, and, less frequently, on individual stocks.

In the news section of the website, you can see market analysis and an economic calendar of upcoming global announcements.

Education (Share Trading) info No
Education (Funds) info No
Education (Retirement) info No
Client Webinars info No
Client Webinars (Archived) info No

Final thoughts is shifting its focus towards the retail investor market but it still has a long way to go. It is a shame that no longer offers the chance to own shares directly – particularly because the lack of commission fees and custody charges would make a very cheap platform for share ownership and would especially be attractive to those looking to trade small amounts.

There is also no option to trade through an ISA or SIPP. We hope to see these offered in future if hopes to capture a wider range of U.K. investors.

About launched in 2016 and has 55,000 traders using its web and app-based platform today. Headquartered in the U.K., it has offices across Europe and in Australia and the Bahamas.

Is good for trading stocks? no longer offers the chance to purchase stocks directly – you can only bet on stock price movements, via CFDs (contracts for difference). If you want to own and trade shares, you are better looking at platforms such as IG, Interactive Brokers or Hargreaves Lansdown.

Is my money safe with

Yes, as is authorised and regulated by the Financial Conduct Authority (FCA), under Capital Com (UK) Limited (“CCUK”) registration number 793714. However, like with all investing you could lose money if your investments don’t perform as well as hoped.

How much does charge for cash withdrawals? does not charge for cash withdrawals. However, minimum withdrawals are £50.

Does charge inactivity fees?

Yes, charges £10 a month if your account is inactive and you haven’t traded in the past 12 months.

Who is owned by? is 100% owned by VP Capital, which was founded in 2012 by serial tech entrepreneur Viktor Prokopenya. was launched in 2016.

Popular Stock Broker Reviews

Popular Guides


For the Annual Review, we assessed, rated, and ranked 17 U.K. share dealing platforms over a 10-week time period. Each broker’s platforms and features were exhaustively tested by hand and graded on 53 different variables. In total, over 25,000 words of research were produced.

We thoroughly tested and compared features of prime interest to everyday investors, including but not limited to:

  • Investment choices, such as whether the broker offers trading of shares, ETFs, funds, bonds, and CFDs; and offers SIPP and ISA accounts.
  • The broker’s charges and fees for investing.
  • Functionality and design of mobile apps and website platform, and a fluid experience moving between app and web.
  • Usability of tools such as charting and watch lists.
  • Market research, such as screening, news and analysis.
  • Educational resources including tutorials, online courses, videos, webinars and articles.

Our rigorous data validation process yields an error rate of less than .001% each year, providing site visitors with quality data they can trust. Our lead researcher and writer, Elizabeth Anderson, has more than a decade’s experience as a financial journalist and market researcher. Elizabeth’s expertise is backed by a team of veteran fellow traders, data auditors, editors and project managers who work to ensure that reviews and guides are the most unbiased and complete in the industry. Read more about our team.

Compare Competitors

Select one or more of these brokers to compare against

Compare Brokers
Show all unfold_more

About the Editorial Team

Elizabeth Anderson
Elizabeth Anderson

Elizabeth Anderson, lead writer and researcher, has been a financial journalist for more than a decade. In addition to her work with, she has written extensively for major publications including BBC, The Times and Bloomberg. A keen investor herself, she is passionate about helping people understand finance and investing.

Blain Reinkensmeyer
Blain Reinkensmeyer

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.

Carolyn Kimball
Carolyn Kimball

Carolyn Kimball is managing editor for Reink Media and the lead editor for the Annual Review. Carolyn has more than 20 years of writing and editing experience at major media outlets including NerdWallet, the Los Angeles Times and the San Jose Mercury News. She specializes in coverage of personal financial products and services, wielding her editing skills to clarify complex (some might say befuddling) topics to help consumers make informed decisions about their money.

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.