We found 11 online brokers that are appropriate for Trading UK Trading Platform.
UK trading taxes are a minefield. Whether you are day trading futures, CFDs, Forex, Bitcoin, or stocks, there is the major lack of understanding of how the taxes on profits and losses are applied. However, with day trading proposing a large profit potential and attractive lifestyle, you should not be afraid of the UK's cryptic tax rules. In the UK, the Forex trading tax is one of the most amicable taxation systems for traders, considering the type of instrument traded, how HMRC will record your status, and how Forex trading activities are treated.
How the HMRC treats your trading activities has beneficial effects on your tax liability. HMRC can categorize traders and their trading activities into one of the following classes:
It is necessary to bear in mind that as trading activity fluctuates, you may fall within any and/or all of the above classes over a given time.
The below UK tax rates are taken from the official UK GOV.UK website
Band | Rate | Income after allowances |
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Starting rate for savings | 10% | Up to £5,000 |
Starter rate in Scotland | 19% | Up to £2,085 |
Basic rate in Scotland | 20% | £2,086 to £12,658 |
Basic rate in England & Northern Ireland | 20% | Up to £37,500 |
Basic rate in Wales | 20% | Up to £37,500 |
Intermediate rate in Scotland | 21% | £12,659 to £30,930 |
Higher rate in Scotland | 40% | £30,931 to £150,000 |
Higher rate in England & Northern Ireland | 40% | £37,501 to £150,000 |
Higher rate in Wales | 40% | £37,501 to £150,000 |
Top rate in Scotland | 46% | Over £150,000 |
England & Northern Ireland Additional rate | 45% | Over £150,000 |
Wales Additional rate | 45% | Over £150,000 |
HMRC takes into consideration the badges of trade to determine whether your activity will be categorized as investment or trading in nature. While tax regulations remain somewhat uninteresting, best practice and judicial decisions have clarified specific factors and criteria.
Despite 'motivation' being one of the most complicated areas to correctly determine, this is an important factor. If HMRC sees your motivation for trading is to realize gains, this will affect whether they classify your activity as trading for taxation purposes. They do not simply believe your word. Instead, they focus on information surrounding your transactions. They take into consideration the following:
What do you do with your profit? Do you invest them into more trading activity?
Was it a one time trade? Or, have there been several trades of the same nature operated similarly to ordinary traders?
Is this your only occupation? Do you have any other employment, that would imply you do not use trading to make a living?
While all the factors mentioned are considered to determine your financial trading tax dues in the UK, instruments that generate an income are categorized as investment assets.
In agreement with the UK tax law, individuals are likely to pay capital gains tax when they use crypto to purchase other types of services and assets, sell crypto for money, exchange one crypto for another, and more. Since it is the same case as other types of assets taxed with the CGT, the taxable profits realized from cryptocurrencies stand for the difference between the sale price and the cost price. The HMRC has introduced a tax structure for business transactions that deal with cryptocurrency as well as individuals.
The mining of Bitcoin is also another taxable activity. For example, when you mine coins with a value above £1,500, you can claim expenses on the mining equipment, like rigs and electricity.
CFD trading taxation is the same for those involved in Bitcoin, Forex, commodities, and binary trading taxes. HMRC is not concerned with what you are trading but focuses on how you are trading it. The significance of share trading taxes abides by similar guidelines as currency trading taxes in the UK.
We have conducted extensive research and analysis on over multiple data points on Trading Taxes In the UK to present you with a comprehensive guide that can help you find the most suitable Trading Taxes In the UK. Below we shortlist what we think are the best UK trading platform after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Trading Taxes In the UK.
Selecting a reliable and reputable online UK Trading Platform trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade UK Trading Platform more confidently.
Selecting the right online UK Trading Platform trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for UK trading platform trading, it's essential to compare the different options available to you. Our UK trading platform brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a UK trading platform broker that best suits your needs and preferences for UK trading platform. Our UK trading platform broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top UK Trading Platform.
Compare UK trading platform brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a UK trading platform broker, it's crucial to compare several factors to choose the right one for your UK trading platform needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are UK trading platform. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more UK trading platform that accept UK trading platform clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), 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 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 935,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Learn More |
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Up with avatrade |
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Up with fpmarkets |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, 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, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare UK Trading Platform 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 Trading Platform for 2024 article further below. You can see it now by clicking here
We have listed top UK trading platform below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.