Best Leverage Trading Platform UK – Compare Top Leverage Trading Platforms UK

If used wisely, leverage can be a great trading tool to have in your arsenal – not least because you will be able to amplify the size of your investment. In the UK, retail clients can access leverage levels of up to 1:30 when trading forex, and less on other asset classes.

In this guide, we review the Best Leverage Trading Platforms in the UK and explain how to get started with an account in under five minutes!

#1 Leverage Trading Platform UK – eToro

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  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
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Best Leverage Trading Platform UK – List of Top Leverage Trading Platforms UK

If you’re looking to boost the size of your investment stakes right now – below you will find a list of the best leverage trading platforms in the UK.

  • eToro – Overall Best Leverage Trading Platform UK
  • Capital.com – Best Leverage Trading Platform in the UK for Beginners
  • AvaTrade – Best UK Leverage Trading Platform for Research and Analysis
  • Pepperstone – Best UK Leverage Trading Platform for ZERO Spread Accounts
  • Plus500 – Best UK Leverage Trading Platform for Asset Diversity

Scroll down to read our full review of each of the above UK leverage trading platforms!

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider

Best Leverage Trading Platform UK – Full Reviews

It is important to note that the top-rated trading platforms reviewed in the sections below all follow FCA regulations on leverage limits. This means that as a retail client, you can only apply a certain level of leverage on each position – which is defined by the asset class you are trading.

With this in mind, our research team also looked at other core metrics when reviewing the best leverage trading platforms in the UK – such as fees and commissions, supported markets, safety, customer support, and payments.  

1. eToro – Overall Best Leverage Trading Platform UK for 2021

bitcoin todayeToro is a popular online trading platform that is suitable for investors of all skillsets. Used by over 20 million people, eToro has a great reputation in the trading arena. For example, the broker is not only authorized and regulated by the FCA, but also with licensing bodies in the US, Australia, and CySEC. In terms of supported markets, eToro gives you access to thousands of financial instruments – all of which can be traded with leverage.

This is inclusive of almost 50 forex pairs – which covers majors, minors, and exotics. You can also trade a wide variety of leveraged commodity markets, which include gold, silver, oil, natural gas, and heaps of agricultural products. If you’re interested in indices like the FTSE 100, Dow Jones, or S&P 500 – eToro also has you covered. Where eToro really stands out is in the stocks and shares department – there you can trade thousands of equities from 17 UK and international exchanges.

etoro app review

In terms of stakes, the minimum trade value on most asset classes as eToro is just $50. You can trade over 30+ cryptocurrencies from $25 onwards – but not with leverage (as per FCA regulations). eToro is also popular with UK investors because of its low fee structure. For instance, you can trade all financial markets on a spread-only basis – meaning that traditional commissions do not come into play. Plus, when you trade with leverage, your respective overnight financing fees are clearly displayed before you place an order.

An additional feature that is worth checking out is the eToro Copy Trading tool. This offers a passive way of investing, as you will be selecting an experienced trader to copy. In turn, any investments that the chosen trader makes will also be replicated in your own account – at a proportionate amount. You can open an account with this top-rated leverage trading platform in under 5 minutes by providing some personal information and making a deposit with your UK debit/credit card, e-wallet, or bank account.

Pros

  • Invest in cryptocurrencies on a spread-only basis
  • Top-rated cryptocurrency wallet app on Android and iOS
  • Minimum investment per trade from just $25
  • Supports debit/credit cards, e-wallets, and local bank transfers
  • Regulated by the FCA, CySEC, and ASIC
  • Used by over 20 million people
  • Perfect for beginners
  • Social and copy trading tools

Cons

  • Perhaps too basic for technical traders
  • No support for MT4 or MT5

67% of retail investor accounts lose money when trading CFDs with this provider.

2. Capital.com – Best Leverage Trading Platform in the UK for Beginners

capital.com reviewCapital.com is a popular CFD and spread betting site that is authorized and regulated by the FCA, and covered by the FSCS. You will find over 4,000 financial derivatives on this trading platform – all of which can be accessed with leverage. Much like eToro, your limits are determined by the asset you are trading – meaning a maximum of 1:30 on major forex pairs and less on other markets. If you’re a professional client, Capital.com will offer you much higher limits.

Nevertheless, Capital.com allows you to trade leveraged CFDs at 0% commission – so it’s one of the cheapest platforms in this arena. Plus, spreads at Capital.com are typically very competitive – especially on major asset classes. In terms of supported markets, Capital.com offers thousands of shares from multiple UK and international exchanges. You can also trade hard metals, energies, agricultural products, forex, indices, ETFs, and more. Cryptocurrency CFDs are reserved for professional clients only.

capital.com review

Although this top-rated broker also offers support for MT4, beginners might prefer the native Capital.com web-trading platform. The platform is simple to use and free of jargon – so placing orders is easy. You can get started with an account at Capital.com by entering some personal information and meeting the minimum deposit of £20 with your debit/credit card or a supported e-wallet. If you wish to deposit funds with a bank transfer, then you will need to add at least £250 to your newly created account.

Pros

  • Top-rated spread betting and CFD broker
  • Regulated by the FCA
  • Minimum deposit just £20 (debit/credit cards and e-wallets)
  • 0% commission on all markets
  • Tight spread and no deposit/withdrawal fees
  • Thousands of financial markets supported
  • Great for beginners

Cons

  • Advanced traders might find the platform too basic
  • Minimum deposit of £250 on bank transfers

76.25% of retail investor accounts lose money when trading CFDs with this provider.

3. AvaTrade – Best UK Leverage Trading Platform for Research and Analysis

avatrade reviewIf you are an experienced investor that likes to perform technical analysis, you might want to consider AvaTrade. This provider is yet another popular CFD trading platform that offers leverage on all of its supported markets. You will find a relatively modest asset suite at AvaTrade, with the broker offering just over 200+ markets. This does, however, cover a wide range of liquid instruments – such as gold, silver, oil, and natural gas. You will also find forex, stocks, indices, and ETFs.

In order to get started with AvaTrade, the minimum deposit is just £100. You can add funds to your account with a debit/credit card or bank wire, albeit, the former is much faster to process. In terms of trading fees, AvaTrade is yet another 0% commission broker on our list. Spreads are also competitive and no deposit or withdrawal fees apply. Once you are set up with an account, AvaTrade gives you several options when it comes to choosing a suitable trading platform.

avatrade review

All supported platforms come jam-packed with technical indicators, market simulators, order types, drawing tools, and other analytical features. This is inclusive of MT4, MT5, and the native AvaTrade platform itself. There is also the AvatradeGO mobile app – which gives you access to your account on the move. In terms of safety, this shouldn’t be a concern at AvaTrade – not least because the leverage trading platform is regulated in seven jurisdictions. The platform is also planning to go public in the very near future.

Pros

  • Regulated in seven jurisdictions
  • 0% commission on all supported markets
  • Offers spread betting and CFD instruments
  • Minimum deposit of just £100
  • Free demo account
  • Supports MT4 and MT5

Cons

  • Spread betting department limited to just 200+ financial markets
  • No support for instant bank transfers

Trading CFDs and FX Options entail risk and could result in the loss of your capital.

4. Pepperstone – Best UK Leverage Trading Platform for ZERO Spread Accounts

pepperstone review

Pepperstone is one of the best leverage trading platforms in the UK for those of you that actively invest throughout the day. This is because the top-rated brokerage site offers a specialist account that comes with spreads that start from 0.0 pips. The most competitive spreads are usually achieved when trading major forex pairs like GBP/USD or EUR/USD, as well as liquid indices like the S&P 500. Either way, you will have access to the most competitive spreads at any given time – as you will be buying and selling alongside other market participants.

All financial instruments hosted on the Pepperstone come in the shape of a CFD instrument. Naturally, this means that you can trade your chosen marketplace with leverage. Additionally, as you will be trading CFDs, you will have the option of going long or short at Pepperstone. If you are more of a casual investor that likes to trade smaller volumes, Pepperstone might still be suitable for your financial goals. This is because the leverage trading platform also offers a commission-free account.

peppertstone review

Although you will still pay spreads, the fees on offer are still competitive – even for low-level stakes. In terms of supported markets, Pepperstone covers most bases. This includes dozens of forex pairs, commodities, shares, ETFs, and indices. If you like the sound of this top-rated UK leverage trading platform, Pepperstone accounts can be opened in under two minutes and there is no minimum deposit policy. You can fund your account easily with a debit/credit card or bank transfer.

Pros

  • 1,000+ markets covering shares, indices, commodities, forex, and more
  • Spread betting and CFD trading markets
  • 0% commission accounts available
  • No minimum deposit
  • Authorized and regulated by the FCA
  • Compatible with both MT4 and MT5

Cons

  • Pricing structure is a bit confusing
  • Education department is limited

at eToro, UK’s #1 Trading Platform

67% of retail investor accounts lose money when trading CFDs with this provider.

5. Plus500 – Best UK Leverage Trading Platform for Asset Diversity

plus500 reviewIf you are the type of investor that likes to diversify across heaps of different asset classes, Plus500 is one of the best high leverage brokers in the UK for this purpose. In fact, you will find thousands of supported instruments here across a wide variety of asset classes – all in the shape of CFDs. Starting with the Plus500 stock department, you will find share CFDs from dozens of UK and international markets. You can also trade the future value of ETFs, investment trusts, and indices.

If commodities are more your thing, Plus500 offers a wide selection of hard and precious metals, agricultural products, and energies like oil and natural gas. The Plus500 forex department is also popular with UK traders that like to speculate on major, minor, and exotic markets. Much like the other top-rated leverage trading platforms that we have reviewed today, Plus500 does not charge any commissions on any of its supported markets.

plus500 review

When trading major forex pairs and indices, you will find some of the most competitive spreads in the market, too. You will not have access to any third-party trading platforms when using Plus500 – such as MT4 or cTrader. You will, however, be able to trade via the Plus500 website or through the provider’s native mobile app. The minimum deposit to get started with a Plus500 account is just £100. The platform – which is authorized and regulated by the FCA, supports debit/credit cards, Paypal, and bank transfers.

Pros

  • Trusted CFD trading platform
  • 0% commission on all markets
  • Very competitive spreads
  • Mobile investment app available on Android and iOS devices
  • Minimum deposit of £100
  • Supports debit and credit card payments – fee-free
  • Thousands of assets

Cons

  • No spread betting facilities
  • No support for third-party trading platforms (e.g. MT4)

at eToro, UK’s #1 Trading Platform

67% of retail investor accounts lose money when trading CFDs with this provider.

Best High Leverage Broker UK Comparison Table

Although UK retail clients are capped by the amount of leverage that can be applied to a position – professional traders and non-EU residents can obtain much higher levels. 

Below you will find a table comparing the best high leverage brokers in the UK and what limits are available based on your trading status and residency.

Broker UK Retail Clients
UK Professional Traders and Non-EU Retail Clients
eToro Up to 1:30 Up to 1:400
Capital.com Up to 1:30 Up to 1:500
AvaTrade Up to 1:30 Up to 1:400
Pepperstone Up to 1:30 Up to 1:500
Plus500 Up to 1:30 Up to 1:300

Leverage limits and trading conditions can change at any given time – so it’s worth keeping an eye on FCA guidelines.

How Does Leverage Trading UK Work?

If you are somewhat new to the concept of leverage, you should know that this form of trading comes with its pros and cons. On the one hand, leverage can boost the size of your profits. But, leverage can also do the same thing for trades that do not go to plan. 

With this in mind, this section of our guide will briefly explain the fundamentals of leverage trading in the UK and what risks to consider before getting started.

Basics of Leverage

In its most basic form, leverage brokers allow you to amplify the size of your stake. For example, let’s suppose that you stake £200 on a gold trading position and you apply leverage of 1:20.

royal mail stocks at etoro

This means that your £200 position is now worth £4,000. As a result, any profits that you make will be based on a total position of £4,000 – as opposed to your actual stake of £200.

Let’s clear the mist with a real-world example:

  • Let’s say that at a value of £5 per share, you think Royal Mail stocks are undervalued
  • You have £500 in your brokerage account – but want to stake more than this
  • As such, you decide to apply leverage of 1:5 on this position
  • A few days later, Royal Mail stocks have increased to £6 per share – representing an increase of 20%
  • You close the trade to lock in your profits

Now, ordinarily, 20% gains on a stake of £500 would have made you a total profit of £100. However, you applied leverage of 1:5, so this £100 profit is amplified to £500. That’s the power of leverage trading in a nutshell.

However, you also need to consider the risks of leverage trading in the UK – which we explain in the section below.

Drawbacks of Leverage

The most pertinent risk of leverage trading in the UK is that unsuccessful positions will result in larger losses. This is because your losses will be amplified by the amount of leverage that you applied to the trade.

For example:

  • Let’s say that you stake £200 at leverage of 1:10
  • Your position has since dropped by 5%
  • On a stake of £200, this would mean that your trade is at a loss of £10
  • However, as you applied leverage of 1:10 – this £10 loss is amplified to £100

Additionally, if your losses become too great, you stand the risk of being liquidated by your chosen high leverage broker. This will happen if the position goes down by a certain percentage and is based on the amount of leverage you utilized.

For example, if you applied leverage of 1:10 – this means that you are only putting up 10% of the total position. As such, a 10% decline on your position would see the trade liquidated. If and when this does happen, the broker will automatically close the trade and thus – will keep the stake that you put up.

Maximum Leverage Limits UK

As previously highlighted, UK retail clients are capped by the amount of leverage they can apply. This is now governed by the FCA and mirrors the previous limits installed by ESMA.

For those unaware of what leverage trading limits are offered to retail clients in the UK – check out the table below.

Leverage Trading Instrument UK Retail UK Professional EU Retail Non-EU Retail
Major Forex Pairs 1:30 Broker Dependent 1:30 Broker Dependent
Minor Forex Pairs, Gold, Major Indices 1:20 Broker Dependent 1:20 Broker Dependent
Non-Gold Commodities, Non-Major Indices 1:10 Broker Dependent 1:10 Broker Dependent
Stocks 1:5 Broker Dependent 1:5 Broker Dependent
Cryptocurrencies N/A Broker Dependent 1:2 Broker Dependent

The most notable difference between the new FCA guidelines in comparison to the previous rules imposed by ESMA is that UK retail clients can no longer trade cryptocurrencies with leverage. Previously, leverage of 1:2 was permitted. You might be able to find high leverage brokers UK offering larger limits than the table above suggests.

However, these will be operating illegally and thus – outside of the scope of the FCA. As such, if you do come across a high leverage broker in the UK offering larger limits than the FCA permits – these platforms should be avoided.

How to Find the Best Leverage Trading Platform UK

As noted earlier, the best UK leverage trading platforms are regulated by the FCA. This means that as a retail client – you can only apply leverage up to a certain amount – which is depending on the specific market you are trading.

With this in mind, you need to consider a variety of alternative factors in your search for the best high leverage brokers in the UK. In doing so, this will ensure that you select the right provider for your trading goals. 

Safety

In order to be confident that you are using a legitimate trading platform, it’s imperative to check for that all-important FCA license. In most cases, the provider’s license number is displayed at the bottom of its homepage.

  • We personally verified this ourselves via the FCA register, albeit, it’s a good idea to get in the habit of doing this yourself.
  • For added protection, it’s also worth exploring whether or not your chosen leverage trading platform is covered by the FSCS.
  • This is an important safety net, as if the platform ran into financial platforms, the FSCS covers you to the first £85,000.

This is one of the core reasons why we think eToro is the best leverage trading platform in the UK – as the provider is regulated by the FCA and covered by the FSCS.

Fees

There are many fees to consider when searching for the best leverage trading platforms in the UK. Not only in terms of commissions and spreads, but overnight financing fees that are applied to leveraged trades.

Below we briefly discuss the main fees to look out for when selecting a leverage trading site.

Deposit Fees

Some of the UK leverage trading platforms that we came across will charge you a fee every time you make a deposit. This can be determined by your chosen payment method, so be sure to check this out before opening an account.

Commissions

Some high leverage brokers will charge you a commission on each buy and sell order that you place. This can also be dictated by the type of account that you sign up for.

indices etoro

For instance, Pepperstone offers a commission-free account that comes alongside spreads. The platform also offers a ZERO spread account that comes with a fixed commission on each trade.

Spreads

Spreads – which refers to the difference between the bid and ask price of the leveraged asset you are trading, is just as important to assess when examing the fee structure of your chosen platform.

  • In many cases, your chosen provider will display the spread in percentage or pip terms when setting up your order.
  • However, we also came across platforms that do not display this information – meaning that you need to calculate it yourself.

Ultimately, the best leverage trading platforms in the UK offer tight and transparent spreads.

Overnight Financing

Inexperienced traders are often unaware that leverage products will attract overnight financing fees. In a nutshell, this is a fee charged on your position for each day that it remains open. The size of your overnight financing fee is usually determined by your stake, how much leverage you have applied, and the asset you are trading.

etoro indices

At eToro, the platform will clearly display how much you will be charged in overnight financing fees when you see up the order. When you make adjustments to the order box, the daily and weekend overnight financing charge will update accordingly.

Supported Leveraged Markets

Before opening an account with a leverage trading platform, you need to have a firm grasp of which financial markets you will have access to. At one end of the scale, you have platforms like AvaTrade – which only offer 200+ markets.

Then you have platforms like eToro – which offer thousands of financial instruments – all of which can be traded with leverage. For instance, the eToro platform covers everything from forex, ETFs, and indices to precious metals, stocks, and oil.

User-Friendliness

It’s also important to choose a platform that is suitable for your skillset. For example, if you are a relatively inexperienced trader, then eToro is by far the best high leverage brokers in the UK for this purpose. This is because eToro was built with beginners in mind – so the platform is simple to use and free of technical jargon.

etoro app review

However, some of you might have a lot of prior experience in the online investment space – meaning that you seek more sophisticated trading tools.

If this sounds like you, then you might want to trade via MT4 – which comes packed with advanced charting features and technical indicators. This popular third-party platform is supported by both Capital.com and AvaTrade – with the latter also compatible with MT5.

Customer Service

The best leverage trading platforms in the UK that we reviewed offer a superb level of customer service. By this, we mean that you can contact a support agent at any given time – at least on a 24/5 basis. eToro, for example, allows you to obtain support in real-time via a live chat facility – which you access online or via the mobile app.

Payments

Finally, don’t forget to check what payment methods your chosen leverage trading platform supports. If you want to get started with a leveraged position without delay, then the platform should accept a UK debit/credit card or an e-wallet like Paypal.

On the other hand, if your chosen platform only supports UK bank transfers – this can take 1-3 days for the broker to process – even if this goes through the Faster Payments network.

Get Started With the Best Leverage Trading Platform UK – Detailed Walkthrough

This guide will conclude will walk you through the setup process of getting started at the best leverage trading platform in the UK – eToro. To reiterate, eToro is an FCA-regulated platform that offers leveraged markets on stocks, commodities, forex, indices, and more – all on a spread-only basis.

Step 1: Open a Trading Account

Get started with eToro by clicking on the ‘Join Now’ button. You will see a registration form pop-up like in the image below. simply enter your personal information and contact details as prompted – and choose a suitable username and password.

how to join etoro

Next, upload a copy of your government-issued ID, which can be a passport or driver’s license. This will get your eToro account verified and thus – allow you to make unfettered deposits and withdrawals.

Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Add Trading Funds

Unless you’re planning to use the free eToro demo account, you will need to make a deposit to start trading leverage financial instruments with real money. The minimum deposit is just $200 – which amounts to about £145. You can choose from a debit/credit card, Paypal, or Skrill to have your payment processed instantly. If you elect to transfer funds from your UK bank account, this can delay the process.  

Step 3: Search for a Trading Market

You are now ready to place your first leveraged position on the eToro website. But first, you need to search for the market or asset class that interests you. If you know which instrument you wish to trade – enter it into the search box at the top of the page. Then, when you see the relevant market, click on the ‘trade’ button.

trade forex at eToro

If you are not yet sure which instrument you wish to trade, you can click on the ‘Trade Market’ button. This will then bring up the thousands of supported markets that eToro supports.

Step 4: Choose Stake and Leverage

The final part of the process is to set up your trading order. First, choose from a buy or sell position. In a nutshell, if you think the asset will rise in value – you need to opt for a buy order. And if you think the opposite will happen – choose a sell order.

trade forex at eToro

Next, enter your stake, followed by your desired leverage limit. In our example, we are trading a $1,000 position with leverage of 1:30. This means that we only need to outlay $33.33 from our eToro account to place the order.

Finally, click on the ‘Open Trade’ button – and eToro will instantly execute your leverage position!

Best UK Leverage Trading Platform – Conclusion

In choosing the best leverage trading platform for you and your financial objectives – be sure to spend some time researching the provider before signing up. You should ideally focus on the regulatory standing of the platform, as well as what fees, commissions, and spreads it charges. 

All in all, we found that eToro is the overall best leverage trading platform in the UK for several core reasons. Not only does the platform offer thousands of leveraged markets at industry-leading fees, but it is authorized and regulated by the FCA. Plus, it takes just five minutes to get set up with a trading account – as the platform supports instant deposits via UK debit/credit cards and e-wallets!

eToro – Best Leverage Trading Platform UK

1
$50Exclusive promotion
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10

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About Kane Pepi PRO INVESTOR

Kane Pepi writes for several high profile publications such as InsideBitcoins, the Motely Fool, and Learnbonds. Based in Malta, Kane is extremely skilled at complex subjects related to financial matters - including a Bachelor’s Degree in Finance, a Master’s Degree in Financial Crime, and actively engaged in Doctorate Degree research, for the money laundering threats of the blockchain economy.