We found 11 online brokers that are appropriate for Trading UK Share Platforms.
Stamp duty on UK shares is an interesting topic to discuss as many countries do not charge stamp duty which might be surprising for traders outside the United Kingdom.
The stamp duty on UK shares was introduced in 1694 but has its roots in the 6th century, during the Roman Empire. Most British people that are acquainted with the idea of stamp duty are aware that it exists when buying a house or shares.
In full, the stamp duty is known as the Stamp Duty Reserve Tax (SDRT). When you make online purchases, a charge of 0.5 percent is levied as stamp duty. If the shares are purchased non-electronically, the stamp duty tax is 0.5 percent for transactions over 1,000 pounds.
Many may have the wrong conception that a 0.5 percent stamp duty is significantly low, but it is a burden for investors who trade frequently. Commonly considered as as unfavourable cost incurred for regular traders, several organisations have called for the abolition of the stamp duty.
If the stamp duty on UK shares is abolished, the London stock market will become more competitive in the world. However, we should take note that prior to 1984 the tax was at 2 percent, which was significantly expensive.
The stamp duty on UK shares is deducted automatically by the brokerage house at the time of share purchase and the same is paid to the taxman.
Meanwhile, it is also important to note that 1 percent of stamp duty is charged on Irish registered stocks.
The stamp duty on UK shares will not be levied on shares not purchased in the United Kingdom. It is also not required when one buys corporate bonds or gifts. Additionally, after 28 April 2014, a stamp duty was not charged for purchasing shares traded on the AIM market of the London Stock Exchange or on the Exchange Traded Funds (ETFs).
The taxes are paid when a trader buys:
Not everything in the UK's financial market requires the payment of taxes. Here are some instances in which traders do not need to pay taxes:
In the occasion that shares are sold out in the United Kingdom, this will be taxable because it attracts the Capital Gains Tax.
Capital Gains Tax or CGT is a bit complex. It can be avoided if some planning is done. Before proceeding to discuss how to avoid the CGT, we should take note that the tax rate is based on the income tax bracket.
In 2016/17 and 2017/18 respectively, the rate was 10 percent and 20 percent for basic-rate taxpayers and higher-rate taxpayersy.
The CGT can be avoided as follows:
It is to note here that the first slice of the net gains is exempt from CGT. This is called a personal exemption. However, it differs each tax year. In the 2016/17 tax year, it was 11,000 pounds. In 2017/18, it was 11,300 pounds.
The stamp duty that is levied on UK shares might be troubling to many traders, especially those trading on a frequent basis. In this article, we discussed which financial instruments are exempted from tax. The choice varies across traders based on risk-bearing capacity. For low-risk taking capacity, we recommend to avoid trading shares and to route the investment towards bonds and other instruments as explained in this article.
We've collected thousands of datapoints and written a guide to help you find the best Stamp Duty on Shares UK for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best UK Share Trading Platforms below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online UK Share Trading Platforms trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top UK Share Trading Platforms.
Compare UK Share Trading Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are UK Share Trading Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more UK Share Trading Platforms that accept UK Share Trading Platforms clients
Broker |
eToro
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IC Markets
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XTB
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FP Markets
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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SpreadEx
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Rating | |||||||||||
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 200 | No minimum deposit | 100 | 1 | 100 | 200 | 100 | 5 | 100 | 1 |
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Used By | 17,000,000+ | 60,000+ | 250,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with easymarkets |
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Up with xm |
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Up with fxprimus |
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Up with spreadex |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 82% 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. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. | 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 | Your capital is at risk | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
SpreadEx Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | US, JP, NZ | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, TR |
You can compare UK Share Trading Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top UK Share Trading Platforms for 2021 article further below. You can see it now by clicking here
We have listed top UK Share Trading Platforms below.