For best brokers for day trading UK who like to buy and sell financial assets within a single trading day in order to profit from price changes, finding the best brokers for day trading is essential. This type of trading can be incredibly lucrative but it is also risky and requires a lot of attention.
Most successful day traders make money not just by winning more trades than they lose but by limiting their losses and cutting losing positions early. The good news is that a day trading platform can be a great way to maximise profits by providing low fees and fast response times.
Navigating the Markets: Best Brokers for Day Trading in the UK
To start day trading you will need a trading account and some investment capital. It is recommended to invest only money that you can afford to lose and are not relying on for everyday bills. Most investment gurus recommend investing 15% to 25% of your post-tax income, although this amount can vary depending on your investment goals.
The leading broker for day trading uk is Admirals, which offers CFD and spread betting on 8,000 assets and provides an easy-to-use platform that works across all devices. Its low spreads and high level of customer service are key selling points for UK customers.
Another option for UK day traders is Plus500, which has a low minimum deposit requirement of PS100 and offers a free demo account to practice in a risk-free environment. The company is regulated by the FCA and publicly listed on the London Stock Exchange, making it a reliable choice for day traders. The company also has a number of competitive features including 0% commission on CFD trading and tight spreads for forex trading.