We found 11 online brokers that are appropriate for Trading UK.
If you have been looking for an understanding of the United Kingdom Debt Clock, you have come to the right place.
As you can see, it is pretty clear that Britain’s record of national debt has surpassed 1 trillion euro.
This figure will still increase occasionally. The real situation is not favorable to the British economy on a larger scale and the truth is even more substantial than the initial number.
In fact, the liabilities including the state and public sector pensions, the total national debt is around 4.8 trillion euros. If divided to every single person in the UK, would be 78,000 euros for every pax on British soil.
What counts the UK national Debt? The British Government, in this case, would owe to private companies and organizations, and other third-party buyers.
If you are guessing that it is because of the outbreak, you are not wrong. It is true that the coronavirus impact has brought such a huge impact in many different fields and niches, and due to one single moment such as this, the UK debt is significantly rising from 2021 to 2021.
The GDP will fall at least 30%. And not just on British soil, but also many other countries.
The effect on GDP takes place following the nationwide shutdown. The OBR also suggested the falling for over 30%.
There are many different sectors which are the cause of the collapse: VAT, income tax revenue, corporation tax, as well as the excise duties.
The Government financial bodies will also need to spend more on various categories such as universal credit which will be reaped by the unemployed and people that are ill or require housing.
There is a responsibility for the Government who offer businesses loans for up to 350 billions euros.
There are also 80% payment of annual salary made by the Government for employees who have been affected by the Corona recession. However, the problem remains visible. Only one out of ten the workers received help. The distribution of the aids will require much time and effort to complete.
Some say bad, some say good. It would really depend on the point of view which you are looking at in this kind of the situation. In the WWII era, the GDP was 20%. The number was big enough due to the cause of the war, famines, diseases, injuries, broken infrastructure, and many more.
Nowadays, the British will face a similar situation just as when their predecessors did.
The spending of 2021 will be much higher than previous years. The Government can finance the higher spending by increasing the borrowing and selling the bonds to private companies within the country or outside. The central bank would be printing money to spend. But if you speculate that the government would raise the tax, well, it is not likely to happen in the future.
During 2016 to 2019, the net debt as a % of the GDB was controlled as the government did a great job in restraining the spend.
The 80% is high by the country standards and if you have felt the impact of the Covid-19 pandemic, you can rest assured that the UK is not the country that has suffered the biggest problem. There are many other countries who have much bigger problems.
For instance, Japan has a national debt of 225%. Meanwhile, Italy’s debt is whooping over 120%. The US as the big country also has a national debt which is close to 80%. of the GDP.
UK Debt in the current timeline is not the worst one, but if we are to notice the failure of the UK economy, it took place in 1940 when the debt was over 200% of the GDP.
That showed that the UK government debt as seen in the %GDP has been higher than the GDP in the past. After two world wars, UK debt has been manageable with the exception in 2021 after the pandemic.
In the current situation, the UK would likely attempt to borrow the same as in the preceding years.
The UK Bond yields have fallen since 2007 and because of this, the pressure is on the government so that the bodies will need to cut spend as soon as possible.
When it comes to the national debt of the UK, there are some potential problems. The first one is the interest payments. The debt interest payments could rise to 70 billion euros alongside with the rise of the national debt in the future.
Then there is the possibility that higher taxes could happen and there will be lower spending. It will be a big challenge for the SMEs, and regular customers.
We've collected thousands of datapoints and written a guide to help you find the best United Kingdom Debt Clock 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 below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online UK 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.
Compare UK min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are UK. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more UK that accept UK clients
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eToro
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IC Markets
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XTB
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AvaTrade
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Roboforex
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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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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) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Cyprus Securities and Exchange Commission (CySEC) | 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) |
Min Deposit | 200 | 200 | No minimum deposit | 250 | 1 | 100 | 1 | 100 | 200 | 100 | 5 |
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Used By | 17,000,000+ | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ |
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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 | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, Web Trader, cTrader, 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 |
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Learn More |
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Up with fpmarkets |
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Up with trading212 |
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Up with plus500 |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% 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. | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | 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 |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
Roboforex Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM 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 | BE, BR, KP, NZ, TR, US, CA, SG | US, JP | 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 |
You can compare UK 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 for 2021 article further below. You can see it now by clicking here
We have listed top UK below.