Best Share Dealing Accounts

So you’ve decided that you would like to invest your money into the stock market, if you’re new to trading and have never purchased stocks before then this can seem quite daunting, trading stocks used to be complicated and pricey, however, this is no longer the case and is very accessible for almost everyone. There are a number of factors to consider when deciding what share dealing account you are looking for such as; What type of stocks you will be looking for, Penny stocks, global stocks, or ETFs. What amount of money you are looking to invest? How long you will be holding your stocks?

When it comes to picking a good share dealing account, you will want to look for which offers you the lowest fees, easy to use, offers research tools and trading aids, and offers you a large selection of stocks to choose from.

If you’re new to trading you will want to find an easy-to-use platform, where there is little room for error and offers great educational tools, this will make the trading experience as stress-free as possible.

Our preferred DIY trading platforms

For new traders and people looking to buy and hold shares, we would recommend the following easy-to-use trading platforms, they offer a large selection of stocks, including global stocks, with an easy-to-use platform and provide good help and support sections. The following selections are best for people who would like to pick and choose the individual stocks they want to invest in

Platform Fee per trade Withdrawal Fee
Trading 212 No fees $0.00
Freetrade (Basic) No Fees $0.00
eToro No Fees $5.00
It is always worth remembering the value of your investments can go down as well as up and you should understand the risks with investing your capital. With eToro and Trading 212 it is important you want to use invest accounts and not CFD unless you have prior experience as these are high-risk financial products that can result in greater losses.

Our preferred trading platforms that choose stocks for you

If you’re unsure where to invest in then there are a number of platforms available now that will invest your money into diversified portfolios taking away the stress that could result from picking your own stocks, this is especially good for people who do not know what they are doing or would feel more comfortable letting someone else do the work.

These platforms are often very low fees and will allow you to select the levels of risk that you are prepared to take.

Platform Fee per trade/annual fee Benefits Drawbacks
Nutmeg No setup, trading, or withdrawal fee. 0.25%-0.75% per anum fee Fee-free investing for the first 12 months. A minimum initial investment of £500
Wealthify Annual fee of 0.60% along with fund charges of 0.16% Invest from as low as £1, very easy to use the app. Some concerns over past performance versus the broader stock market.
Plum Monthly fee of £1, Annual fee of 0.15% along with Fund fees ranging from 0.06% – 0.90% Plum works out how much you can afford to save each month using artificial intelligence, allowing you to put away an affordable amount. Investment fees are high if you are only investing a small amount.
It’s always worth remembering funds can go down as well as up, do your own research before investing. The material provided is for education and illustrative purposes only.