Profile
Co-Founder & Senior Trading Analyst
Chartered ACII
Thomas is a Chartered Insurance Institute qualified professional (ACII) with over 12 years of experience across derivatives trading, financial risk assessment, and institutional analysis. His career spans roles in insurance underwriting, financial advisory, and active trading across CFD, forex, and spread betting markets.
At The Investors Centre, Thomas leads our trading platform evaluations, personally executing trades across 35+ platforms to assess execution quality, spread accuracy, and slippage under real market conditions. His institutional background informs our rigorous approach to evaluating margin requirements, overnight financing costs, and regulatory compliance.
Thomas specialises in high-frequency trading environments and risk management frameworks, bringing technical depth to our CFD and forex broker comparisons that reflects genuine market experience rather than surface-level feature lists.
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"Every piece of investment advice should be grounded in solid research and practical application. My role is to ensure our content provides real value to investors at every level."
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Profile
Co-Founder & Investment Strategy Lead
Dom built his investment expertise the hard way—through years of active trading, portfolio losses, and eventual systematic success. What started as personal investing evolved into a disciplined, business-minded approach to wealth building that now informs The Investors Centre's entire methodology.
His experience spans UK equities, international markets, growth investing, and income-focused strategies. Dom has personally funded and tested accounts across 40+ online brokers and investment platforms, giving him direct insight into the practical differences between platforms that marketing materials never reveal—deposit times, withdrawal friction, hidden fees, and customer service quality when things go wrong.
At The Investors Centre, Dom leads broker comparison methodology and investment strategy content. His focus is translating complex financial products into clear, actionable guidance for retail investors at every experience level.
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"Financial clarity and integrity are the cornerstones of everything we do. We're here to ensure that your investment journey is built on a solid financial understanding and a sound strategic foundation."
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Co-Founder & Senior Financial Platform Analyst
Adam has been actively investing since 2013, building hands-on experience across UK equities, global markets, and cryptocurrency before the 2017 bull run brought digital assets mainstream. His decade-plus of market participation spans bull markets, bear markets, and everything in between—providing the practical perspective that underpins all platform evaluations.
He founded The Investors Centre in 2023 to address a gap he experienced firsthand: the lack of genuinely independent, experience-based platform reviews. Adam has personally tested 50+ UK financial platforms with real money, authored over 200 investment guides, and developed the proprietary scoring methodology used across all broker and exchange comparisons.
Adam maintains live, funded accounts across multiple platforms to monitor ongoing performance—not just initial impressions. His cryptocurrency expertise extends to early participation in DeFi protocols, NFT markets, and emerging Layer 2 solutions, ensuring coverage reflects current market realities rather than outdated assumptions.
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"Investment is about more than just numbers; it's about strategy, research, and the willingness to adapt."
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How We Test
Our Platform Testing Methodology
Every platform review on The Investors Centre follows a standardised testing process using real accounts, real money, and real trades. We don't rely on demo accounts, press releases, or marketing materials.
1. Live Account Testing
Our team opens genuine accounts with each platform, completing full identity verification and depositing personal funds. Every feature we describe has been tested firsthand—onboarding friction, deposit methods, and verification timeframes are all documented from direct experience.
2. Trade Execution Analysis
We execute real trades across multiple asset classes to measure actual performance:
- Spread accuracy: comparing live spreads against advertised rates
- Order execution speed and slippage under normal and volatile conditions
- Hidden costs including overnight financing, inactivity fees, and currency conversion
- Withdrawal processing: we withdraw funds and document exact timeframes
3. Weighted Scoring Criteria
Each platform is scored across eight standardised criteria:
- Fees & Charges (25%)
- Platform Functionality (20%)
- Asset Range (15%)
- Mobile Experience (15%)
- Research & Tools (10%)
- Customer Support (10%)
- Regulation & Security (5%)
4. Regulatory Verification
We verify FCA registration directly via the Financial Conduct Authority Register and confirm Financial Services Compensation Scheme (FSCS) protection status. UK investors are protected up to £120,000 per eligible person, per firm, for investment claims.
5. Continuous Monitoring
We maintain active, funded accounts with top-rated platforms and update reviews quarterly—or immediately when significant changes occur such as fee updates, platform outages, or regulatory actions.
Testing Team
All platform testing is conducted by our co-founders—Adam Woodhead, Thomas Drury (Chartered ACII), and Dom Farnell—who collectively maintain accounts with 50+ UK financial platforms and have over 25 years of combined market experience.
Corrections Policy
If errors are identified, we correct them promptly and note significant updates at the bottom of articles. Readers can report inaccuracies to our editorial team at info@theinvestorscentre.co.uk
Last Review Date
This article was last fact-checked and updated on: January 17, 2026
Disclaimer
Educational Purpose Only
All content on The Investors Centre is provided for educational and informational purposes only. It should not be construed as personalised investment advice, financial advice, or a recommendation to buy, sell, or hold any investment or security.
No Financial Advice
We are not authorised by the Financial Conduct Authority (FCA) to provide investment advice. Content on this website does not constitute financial advice, and you should not rely on it as such. Always consult with a qualified financial advisor or professional before making investment decisions.
Investment Risks
Investing carries inherent risks, including the potential loss of principal. Past performance does not guarantee future results. The value of investments can go down as well as up, and you may not get back the amount originally invested.
CFD & Derivative Risk Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 67-84% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Accuracy & Completeness
While we strive to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained on this website.
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Personal Responsibility
Any action you take upon the information on this website is strictly at your own risk. We will not be liable for any losses or damages in connection with the use of our website or the information provided.
Regulatory Notice
Investment products and services featured on this website may not be available in all jurisdictions or to all persons. Users are responsible for complying with local laws and regulations.
Contact Information
For questions about this disclaimer or our content, please contact:
Email: info@theinvestorscentre.co.uk
Last Updated
This disclaimer was last updated on: January 2026
Day trading in 2026 demands more than just market knowledge—it requires the right platform to execute fast, analyse efficiently, and manage risk in real time. With AI-driven tools now filtering into retail platforms and execution speeds measured in milliseconds, UK traders have access to capabilities that were once reserved for institutional desks.
Whether you’re scalping forex, trading indices, or spread betting on UK shares, the platform you choose directly impacts your edge. We’ve independently tested the leading FCA-regulated brokers for fees, execution quality, charting tools, and overall usability to help you find the best fit for your trading style.
Quick Answer: What is the best platform for day trading in the UK?
Spreadex
Day Trading Score: 4.9/5
65% of retail CFD accounts lose money.
Pepperstone
Day Trading Score: 4.8/5
72% of retail CFD accounts lose money.
IG
Day Trading Score: 4.7/5
67% of Retail CFD Accounts Lose Money
CMC Markets
Day Trading Score: 4.6/5
64% of retail CFD accounts lose money.
How do the Best UK Day Trading Platforms Rank?
| Rank | Broker | Min Deposit | FCA Regulated? | Platforms | Best For |
|---|---|---|---|---|---|
| 1 | SpreadEX | £0 | Yes | Web, mobile | All-round CFD/spread betting |
| 2 | Pepperstone | £0 | Yes | MT4/5, cTrader, TradingView | Low-spread forex & CFDs |
| 3 | IG | £0 | Yes | Web, desktop, mobile | Advanced tools & wide market access |
| 4 | CMC Markets | £0 | Yes | Web, mobile, MT4 | Advanced charting & deep markets |
| 5 | XTB | £0 | Yes | xStation, mobile | Low-cost for active traders |
| 6 | Capital.com | £20 | Yes | Web, mobile, MT4 | AI-powered trading for beginners |
| 7 | Interactive Brokers | £0 | Yes | TWS, Client Portal, mobile | Pro traders needing global access |
Top 7 Day Trading Brokers in the UK Reviewed
- SpreadEX – Flexible, simple, and ideal for active traders
- Pepperstone – Ultra-tight spreads and multiple pro platforms
- IG – Reliable, feature-rich, weekend trading access
- CMC Markets – Powerful charting tools and broad market access
- XTB – Competitive pricing with user-friendly xStation platform
- Capital.com – Beginner-friendly with AI-powered trading insights
- Interactive Brokers – Advanced tools and low-cost global access
Pros & Cons
- FCA-regulated and UK-headquartered since 1999
- Commission-free spread betting with tax-free profits for UK residents
- TradingView integration for advanced charting and analysis
- Competitive spreads (2nd lowest on forex in 2025 tests)
- No deposit, withdrawal, or inactivity fees
- No MetaTrader 4/5 support
- Limited to UK and Ireland residents only
- Platform less feature-rich than IG or CMC for advanced traders
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What Are the Fees and Costs?
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Which Platforms and Trading Tools Are Available?
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Is the Broker FCA Regulated and Safe to Use?
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Who Is This Broker Best Suited For?
SpreadEX offers commission-free CFD trading and spread betting. Spreads vary by asset and market volatility. There are no deposit or withdrawal fees, and no inactivity fees. Overnight financing charges may apply to leveraged positions.
SpreadEX runs on a proprietary platform available via web and mobile. It features TradingView integration, price alerts, and market analysis. While not as advanced as IG or XTB, it provides a clean and responsive trading interface.
Yes — SpreadEX is FCA-authorised (FRN: 190941) and headquartered in the UK. Client funds are kept in segregated accounts and are eligible for FSCS protection. It has been serving UK traders since 1999 with a strong compliance record.
SpreadEX is best for intermediate UK traders who want simple, low-cost access to CFDs or tax-free spread betting. It’s ideal for those seeking a UK-focused platform without unnecessary complexity or high minimum deposit requirements.
65% 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.
Pros & Cons
- Ultra-tight spreads from 0.0 pips on Razor accounts
- Five platform options: MT4, MT5, cTrader, TradingView, and new proprietary platform
- Supports algorithmic trading, scalping, and high-frequency strategies via EAs and cBots
- 24-hour share CFD trading now available
- FCA regulated with FSCS protection and negative balance protection
- $10/month inactivity fee after 12 months of no trading
- Educational resources less extensive than IG or CMC
- No proprietary research or market analysis tool
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What Are the Fees and Costs?
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Which Platforms and Trading Tools Are Available?
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Is the Broker FCA Regulated and Safe to Use?
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Who Is This Broker Best Suited For?
Pepperstone offers ultra-low spreads, especially on forex, with commission-based or spread-only account types. There are no deposit or withdrawal fees, but inactivity fees apply after 12 months. Competitive pricing makes it attractive for frequent day traders.
Pepperstone supports MT4, MT5, cTrader, and TradingView — all popular among active traders. Features include advanced charting, fast execution, algorithmic trading support, and depth-of-market data, giving traders a professional-grade toolkit.
Yes — Pepperstone is FCA regulated (FRN: 684312) and client funds are held in segregated accounts. It also provides negative balance protection and adheres to strict security protocols across its platforms.
Ideal for forex day traders who want fast execution, low spreads, and flexibility across multiple platforms. It’s particularly well-suited for experienced traders who value speed and cost-efficiency over hand-holding.
72% 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.
Pros & Cons
Excellent charting and advanced trading tools
Regulated by the FCA with long-standing UK reputation
Wide market access: stocks, forex, indices, options
Award-winning mobile and desktop platforms
- Weekend Trading Access
No MetaTrader 4 or 5 support
Inactivity fees after 12 months
Learning curve for complete beginners
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What Are the Fees and Costs?
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Which Platforms and Trading Tools Are Available?
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Is the Broker FCA Regulated and Safe to Use?
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Who Is This Broker Best Suited For?
IG charges competitive spreads starting from 0.6 pips on forex. CFD share trading involves £3 per trade, while other asset fees vary. An inactivity fee of £12 applies after 12 months. No deposit or standard withdrawal fees.
IG offers its proprietary web platform, mobile apps, and ProRealTime for advanced charting. It supports direct market access (DMA), sentiment indicators, and economic calendars. No MT4 or MT5, but it’s built for precision and speed.
Yes — IG is fully FCA-regulated (FRN: 195355), publicly listed, and backed by decades of experience. Client funds are held in segregated UK bank accounts under FSCS protection (up to £85,000). Strong track record of financial stability.
IG is ideal for intermediate to advanced UK traders seeking a regulated, feature-rich platform. It suits those who value technical analysis tools, broad market access, and professional-grade features across desktop and mobile. You can also intergrate with Tradingview [voted best fore spreadbetting and tradingview intergration].
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Pros & Cons
Access to 12,000+ instruments across global markets
Powerful proprietary platform with advanced charting and MT4 support
FCA regulated with over 30 years of operational history
Strong educational tools and market insights
£10 monthly inactivity fee after 12 months
Some premium tools incur additional charges
May feel overwhelming for total beginners
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What Are the Fees and Costs?
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Which Platforms and Trading Tools Are Available?
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Is the Broker FCA Regulated and Safe to Use?
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Who Is This Broker Best Suited For?
CMC Markets offers competitive spreads starting from 0.6 pips, with no commissions on forex. CFD shares incur variable charges. There’s a £10 monthly inactivity fee after a year of no use, but no deposit or standard withdrawal fees.
CMC’s Next Generation platform offers top-tier charting, price projection tools, pattern recognition, and sentiment analysis. It’s browser-based with mobile support and designed for active, self-directed traders seeking detailed data and control.
Yes — CMC Markets is FCA regulated (FRN: 173730), publicly listed on the LSE, and client funds are segregated. It offers negative balance protection and has an extensive UK track record dating back to 1989.
CMC is best for experienced or intermediate traders who want wide asset exposure and deep trading tools. It’s ideal for those who value platform sophistication and want to actively manage diverse portfolios.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail CFD accounts lose money. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pros & Cons
Ultra-low spreads from 0.1 pips (pro account)
Award-winning xStation 5 platform
FCA regulated with strong global reputation
No deposit or withdrawal fees
Fast execution and strong educational tools
No MetaTrader 4/5 support
Inactivity fee after 12 months
Limited asset types compared to IG
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What Are the Fees and Costs?
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Which Platforms and Trading Tools Are Available?
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Is the Broker FCA Regulated and Safe to Use?
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Who Is This Broker Best Suited For?
XTB offers tight spreads (from 0.1 pips on Pro), zero commissions on Standard accounts for most markets, and no deposit or withdrawal fees. An inactivity fee of £10/month applies after 12 months of no trading activity.
XTB uses its proprietary xStation 5 platform, which is fast, clean, and equipped with advanced tools like real-time heatmaps, sentiment analysis, and built-in education. It’s accessible via desktop, browser, and mobile.
Yes — XTB is fully FCA regulated (FRN: 522157), with a strong global presence and years of operational trust. Client funds are protected under FSCS, and accounts are held in segregated, Tier-1 bank accounts.
XTB is ideal for active traders and intermediate users seeking low-cost trades, fast execution, and modern tools. Its easy-to-use platform and competitive pricing make it perfect for those moving beyond beginner status.
70% 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.
Pros & Cons
- AI-powered insights help improve trading decisions
- Intuitive, beginner-friendly platform
- FCA regulated and trusted globally
- Multi-asset access (forex, stocks, indices, crypto, commodities)
- Low minimum deposit (£20 in the UK)
- No MT5 support (MT4 only)
- CFD-only – no real asset ownership
- Variable spreads may widen in volatility
- Limited product range vs full-service brokers
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What Are the Fees and Costs?
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Which Platforms and Trading Tools Are Available?
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Is the Broker FCA Regulated and Safe to Use?
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Who Is This Broker Best Suited For?
Capital.com keeps costs simple and transparent. There are no commissions on any trades – all costs are built into the spread. Spreads start from 0.6 pips on major forex pairs like EUR/USD. There are no deposit fees, no withdrawal fees, and no inactivity fees, which sets it apart from many competitors. Overnight financing charges apply to leveraged positions held past market close. The straightforward fee structure makes it easy to understand your trading costs upfront.
Capital.com offers a proprietary web platform and mobile app, both featuring AI-powered analytics that track your trading behaviour and highlight potential biases. The platform includes 75+ technical indicators, advanced charting, customisable watchlists, and real-time price alerts. MetaTrader 4 is also available for traders who prefer industry-standard software with full EA support for automated strategies. The mobile app is highly rated for its clean design, fast execution, and seamless experience across devices.
Yes, Capital.com is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 793714. It also holds licences with CySEC (Cyprus) and ASIC (Australia). Client funds are held in segregated accounts with top-tier banks, kept separate from company funds. UK retail clients are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000. Negative balance protection is standard, ensuring you cannot lose more than your deposited funds.
Capital.com is ideal for beginner to intermediate traders who want a modern, intuitive platform with smart tools and low costs. The AI-driven insights help newer traders develop better habits and avoid common mistakes, while tight spreads and zero fees keep costs down for active traders. The mobile app is excellent for those who prefer trading on the go. If you need advanced professional tools, MT5 support, or want to own real assets rather than CFDs, other brokers like IG or Interactive Brokers may suit you better.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Pros & Cons
Access to 150+ global markets
Ultra-low spreads (EUR/USD from 0.1 pips)
No deposit or standard withdrawal fees
Advanced trading tools and real-time analytics
FCA regulated with strong global oversight
Steep learning curve for new traders
$10/month inactivity fee if minimums not met
Complex platform may overwhelm beginners
No MetaTrader 4 or 5 support
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What Are the Fees and Costs?
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Which Platforms and Trading Tools Are Available?
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Is the Broker FCA Regulated and Safe to Use?
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Who Is This Broker Best Suited For?
Interactive Brokers offers tight spreads and transparent, low-cost pricing. Many markets are commission-free, but standard CFD trades may involve small per-trade charges. Inactivity fees apply for less active users, and overnight financing fees vary by position size.
62.5% 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.
What Is Day Trading and How Does It Make Money?
Day trading involves buying and selling financial instruments like stocks or forex within the same day to profit from short-term price movements. Traders aim to capitalise on small fluctuations using technical analysis, news events, and real-time strategies to lock in fast gains.
What Skills or Tools Do You Need to Start?
Successful day traders need market knowledge, fast decision-making, strong risk management, and discipline. Tools include a reliable trading platform, technical charting tools, economic calendars, and often access to real-time news and market data for quick execution.
Is Day Trading Profitable — or Too Risky?
What Should You Look for in a Day Trading Platform?
Speed matters most. Slow fills cost you money on every trade. When we tested platforms, SpreadEX and Pepperstone filled forex orders in under 100ms. One-click trading and hotkeys help too—small tweaks that save seconds when you’re catching a breakout.
How Much Do Fees and Spreads Really Matter?
How Safe and Regulated Is the Platform?
Which Markets and Strategies Are Best for Day Traders?
GBP/USD is the most traded pair among UK retail traders—tight spreads, good moves during London hours. UK shares like BP and Barclays work too, but spreads run wider. When we tracked results, sticking to one market beat jumping between three.
Which Day Trading Strategies Actually Work?
How Can You Manage Risk While Trading Daily?
Final Thoughts: Is Day Trading for You?
Day trading in the UK continues to offer flexibility and fast-paced opportunity—but the landscape has shifted. With AI-powered analysis tools, algorithmic execution, and tighter spreads now standard across leading platforms, the barrier to professional-grade trading has never been lower.
However, the risks remain significant: most retail traders still lose money, and success depends on disciplined strategy, proper risk controls, and choosing an FCA-regulated broker with the tools you actually need. Whether you’re trading forex, indices, or shares, the right platform is your foundation. Start with a clear plan, use demo accounts to refine your approach, and never risk more than you can afford to lose.
FAQs
What’s the best trading platform for beginners in the UK?
From my experience, platforms like eToro and IG are great for beginners. They’re intuitive, easy to navigate, and come with loads of educational resources. I started out on a more complex platform and honestly wish I’d used something more beginner-friendly at the start—it would’ve saved me a few headaches.
Is day trading legal in the UK?
Yes, absolutely. Day trading is 100% legal in the UK—as long as you’re using a regulated broker. I always stick to platforms authorised by the Financial Conduct Authority (FCA). It’s just not worth the risk trading on an unregulated site.
Do I need a lot of money to start day trading?
Not at all. I started small—just a few hundred pounds. Many platforms offer low minimum deposits and even demo accounts where you can practice with virtual funds. The key is learning and managing risk, not throwing a ton of cash at the market from day one.
What’s the tax situation for UK day traders?
Here in the UK, your trading profits might be subject to Capital Gains Tax (CGT)—especially if you’re trading shares. If you’re using spread betting accounts, though, profits are typically tax-free (but there are caveats). I’d recommend chatting with an accountant if you’re making consistent gains—it’s worth getting proper tax advice early on.
Can I trade on my phone, or do I need a desktop computer?
You can absolutely trade on your phone—I do it all the time. Most of the platforms I use have mobile apps that are just as functional as their desktop versions. That said, I still prefer a computer for charting and making detailed trade plans, especially if I’m scalping or reacting to news.
References
- 7 Best Indicators for Day Trading – City Index
- Stock Market Trading Hours – CMC Markets
- Restricting Contract For Difference Products Sold To Retail Clients – FCA
- Top Financial Markets To Trade In 2024 – Admirals
- Glossary of trading terms – IG