How to Choose the Best Options Trading Platform for the UK
Trading options on the UK market gives investors a whole new investing dimension. The financial instruments offer a range of potential returns and hedging capabilities, allowing traders to manage risks without actually owning the underlying assets. With this in mind, traders looking to trade options should be aware that the investment activity comes with a high risk of loss.
Investors should only trade options with a broker that is fully FCA-regulated. This is a requirement for all brokers who offer the services in this article and they typically display their regulator status on their websites. Traders should also choose a broker that supports the type of options they want to trade, as not all platforms are equipped for all types of derivatives. More info theinvestorscentre.co.uk
Best Options Trading Platform UK: Where to Trade in 2024
IG Group is one of the most popular options trading platforms for investors in the UK. It offers spread betting on a wide range of asset classes including shares, equities, CFDs, cryptocurrencies and commodities. Its mobile apps provide access to all the features of its desktop platform and are ideal for monitoring portfolios and placing trades on the go.
IBKR is another top option trading platform for the UK. The global broker is regulated by the Financial Conduct Authority and is partially covered by the UK’s FSCS. Its tastworks platform is built with options in mind and includes an extensive tool set that caters to the specific needs of this type of trader. These include a multi-leg trade window, customisable options screener, prebuilt options strategies and a full suite of risk data.
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