Even if you are new to the trading world, you might have heard of options trading. You can think of options as a kind of financial contract that allows you to buy and sell a specific item at a set price if you are the owner of the contract.
Options trading is one of the most popular financial trading avenues and has several enormous international markets dedicated to it. They are incredibly popular as an asset class because most options trading platforms don’t charge exorbitant commissions.
With the advent of the internet, it has become extremely easy to opt for options trading in the UK as long as you have working internet and some knowledge about options trading markets. You can also choose from a plethora of options trading brokerage platforms that offer distinctive advantages.
As any good options trading course would tell you, the right options brokerage platform is extremely important for your trading practice and can mean the difference between successful and failed trades. Read this blog to explore some of the best options in the market when it comes to option trading brokerage platforms.
What are the Best Online options Trading Platforms Available in the UK?
While you can get plenty of choices in the market, it is worth your time to do extensive research for the platform that is the best fit for your trading requirements.
Here are some of the top-rated options brokerage platforms and apps in the UK.
- eToro: eToro is considered the world leader in copy and options trading brokerage. It is an excellent platform for beginners and offers a zero-commission trading alternative. Some of its top-rated features include high-quality trading educational resources, graph trading scenarios, and a social newsfeed.
- Pepperstone: Pepperstone is another great social copy trading platform that offers you numerous tools to mimic different trading styles. Its features include high compliance to safety and regulation standards, fast execution speeds, and low-cost processing. It is also compliant with the complete MT4, MT5, and cTrader solutions.
- Degiro: Degiro is a Dutch privately owned options brokerage platform that is regulated by the FCA in the UK. It is renowned for offering one of the lowest brokerage fees in the market and offers a very easy-to-use and navigable platform. Additionally, you don’t need to pay any inactivity fee, withdrawal fee, or minimum deposit.
- IQcent.com: This brokerage website is one of the best in the market for beginners and offers a wide variety of payment gateways for easy market deposits and withdrawals. You can also get a higher yield with this platform.
Other worthwhile platforms include Binarycent.com, Raceoption, Tastyworks, and Webull. You can also try out IG, E*Trade, Interactive Brokers, and Saxo.
Before finalizing on a brokerage platform, you should take time to carefully evaluate all its pros and cons as well as consider an informal review from your mentor or other industry contacts.
A good options trading course can introduce you to the top trading platforms in the market as well as develop your trading skills to point. Invest in a good trading course today to get started as a successful options trader.