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Our updated guide to help you find the best online broker

Attention UK investors! Remember our massive broker comparison [1] table? Well, we’ve rolled up our sleeves and updated it again to help you find the best online broker for you.

Picking up autumn leaves with chopsticks would have been less tedious. But it would not have produced a quick and easy overview of all the main execution-only investment services.

Investment platforms, stock brokers, call ’em what you will… we’ve stripped ’em down to their undies for you to eyeball over a cup of tea and your favourite tranquillisers.

Online brokers laid bare in our comparison table [2]

What’s changed with this update?

Neobank Revolut is in. Check out our review [3].

iWeb transforms into Scottish Widows Share Dealing on 18 October and has cut its regular investing fee to zero. There’s no platform fee either so it’s excellent value if you don’t need to trade at the drop of a hat.

Freetrade has also slashed its ISA charge to zero, so is well worth a look too.

Who’s the best broker?

It’s impossible to say. There are too many subtle differences in the offers. The UK’s brokers occupy more niches than the mammal family. And while I know which one is best for me, I can’t know which one is right for you.

What we have done is laser focus the comparison onto the most important factor in play: cost.

An execution-only broker is not on this Earth to hold anyone’s hand.

Yes, we want their websites to work. We’d prefer them to not screw us over, go bust, or send us to the seventh circle of call centre hell. These things we take for granted.

So customer service metrics are not included in this table. It’s purely a bare-knuckle contest of brute cost for services rendered.

On that basis we’ve updated our ‘Good for’ column as below.

Disclosure: Links to platforms may be affiliate links, where we may earn a commission. This article is not personal financial advice. When investing, your capital is at risk and you may get back less than invested. With commission-free brokers other fees may apply. See terms and fees. Past performance doesn’t guarantee future results.

Beginners

These are commission-free brokers [7]. It’s always worth looking at a commission-free broker’s ‘How we make money’ page because – rest assured – they will be earning a buck, one way or another.

Just search that topic on their websites.

If commission-free brokers make you feel queasy then stay under the FSCS £85,000 investor compensation limit [8] or use a broker that charges fees directly. You’ll find some very competitive offers in our table.

Beginners who prefer direct fees

Established investors with portfolios worth £85,000+ who prefer to pay direct fees

The best choice for you depends on how often you trade, the value of your accounts, plus your personal priorities around customer service, family accounts, flexible ISAs, multi-currency accounts and so on.

Our ‘Good for’ choices are purely cost-based. We assume 12 buy and four sell trades per year. Buy trades use a broker’s regular investing scheme when available.

Using the full table

We divide the major UK brokers into four camps:

Our table [1] looks complex. But choosing the right broker [13] needn’t be any more painful than checking it offers the investments you want and running a few numbers [14] on your portfolio.

Help us find the best online broker for all of you

Our table’s ongoing vitality relies on crowd-sourcing.

We review the whole thing roughly every three months. But it can be kept permanently up-to-date if you contact us [15] or leave a comment every time you find an inaccuracy, fresh information, or a platform you think should be added.

Thanks to your efforts as much as ours, our broker comparison [1] table has become an invaluable resource for UK investors looking to find the best online broker.

Take it steady,

The Accumulator