6 Best FTSE 100 Brokers
Last Update: April 8th, 2024
The 6 best FTSE 100 Brokers revealed. We have explored and tested several prominent brokers to identify the 6 best.
In this in-depth guide you’ll learn:
- What is an FTSE 100 trading broker?
- Who are the 6 best FTSE 100 Brokers recommended and trusted brokers?
- Where do I invest in the FTSE 100?
- Pros and cons of each of the 6 FTSE 100 brokers.
- Popular FAQs about the 6 best FTSE 100 brokers.
And lots more…
So, if you’re ready to go “all in” with 6 best FTSE 100 brokers…
Let’s dive right in…
6 Best FTSE Regulated Forex Brokers (2024*)
- ☑️eToro – Overall, Best FTSE Regulated Forex Broker.
- ☑️Pepperstone – a Diverse selection of products.
- ☑️IG group – Wide Range of Trading Instruments.
- ☑️Plus500 – Strong Regulatory Structure.
- ☑️XM – Known for their Fair and Ethical trading.
- ☑️XTB – Offers some of the Lowest Commissions.
What is a FTSE 100 Broker?
They are a broker that is a financial professional or firm specialized in facilitating the buying and selling of stocks listed on the FTSE 100 index, which comprises the top 100 companies listed on the London Stock Exchange by market capitalization. These brokers offer expertise in navigating the complexities of stock trading within this prestigious index.
The 6 Best FTSE 100 Brokers
| 🔎Broker Name | 👉 Open Account | Best Feature | Minimum Deposit | Commissions/Fees |
| eToro | 👉 Open Account | Social & Copy Trading | $10 | Variable Spreads |
| Pepperstone | 👉 Open Account | Low Commissions & ECN Accounts | $200 | Variable Spreads/ECN Commissions |
| IG Group | 👉 Open Account | Wide Range of Markets & Research | £250 | Variable Spreads |
| Plus500 | 👉 Open Account | User-Friendly Platform & CFD Trading | $100 | Variable Spreads |
| XM | 👉 Open Account | Tight Spreads & Flexible Accounts | $5 | Variable Spreads |
| XTB | 👉 Open Account | Low Commissions & Stock CFDs | €300 | Low Commissions/Variable Spreads |
eToro
eToro is a leading online trading platform known for its user-friendly interface and social trading features.
As a top broker, they provide access to a wide range of financial markets, including the FTSE 100 index, which comprises the UK’s top 100 companies.
They allow users to trade the FTSE 100 through Contracts for Difference (CFDs) or by investing in Exchange-Traded Funds (ETFs) that track the index’s performance.
One key feature that makes it an attractive broker for trading the FTSE 100 is its social trading functionality, which enables users to interact with and learn from other traders. This can be particularly valuable for novice investors seeking insights and guidance from more experienced traders.
Additionally, They offer a variety of analytical tools, educational resources, and risk management features to help traders make informed decisions. Its intuitive platform and low fees further contribute to its appeal for trading the FTSE 100 and other financial instruments.
Unique Features
| 📝 Regulation | CySEC, FCA |
| 📱 Social Media Platforms | Instagram, Facebook, Twitter, YouTube, LinkedIn and Telegram |
| 🔎 Trading Accounts | Personal Account Professional Account Corporate Account Islamic Account |
| 💻 Trading Platforms | eToro proprietary platform |
| 💸 Minimum Deposit | $50 |
| 🔁 Trading Assets | Stocks Indices ETFs Currencies Commodities Cryptoassets |
| 🚀 USD-based Account? | Yes |
| 💳 USD Deposits Allowed? | Yes |
| 💰 Bonuses for traders? | No |
| 📊 Minimum spread | From 0.9 pips |
| ✔️ Demo Account | Yes |
| ✔️ Islamic Account | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| eToro's innovative social trading platform allows users to follow and copy the trades of successful investors, making it easier for beginners to learn from experienced traders and potentially improve their own strategies. | While eToro offers basic research tools, such as market analysis and news updates, it may not provide as extensive research resources as some other platforms, limiting advanced traders' abilities to conduct in-depth analysis. |
| eToro offers a wide range of trading instruments, including stocks, cryptocurrencies, commodities, and Forex pairs, providing ample opportunities for diversification within a single platform. | eToro's fee structure includes spreads and overnight fees, which can be higher compared to some other brokers. Additionally, withdrawal fees and inactivity fees may apply in certain situations. |
| eToro's intuitive platform and user-friendly interface make it accessible for traders of all levels, including beginners. The platform's advanced charting tools and research features further enhance the trading experience. | While social trading can be beneficial, it also means that traders have less control over their trades compared to traditional trading platforms. Users may rely heavily on the decisions of other traders they choose to follow, which can result in both gains and losses. |
| eToro offers CopyPortfolios, which are diversified investment portfolios managed by experts. This feature allows users to invest in a portfolio of assets with a single click, saving time and effort in portfolio management. | eToro operates under the regulations of multiple jurisdictions, which may limit access to certain features or products depending on the user's location. Additionally, regulatory changes or compliance requirements could impact the platform's operations and offerings. |
Trust Score
eToro has a trust score of 90%
Pepperstone
Pepperstone is a reputable online brokerage known for its advanced trading technology and competitive pricing. It provides access to various financial markets, including the FTSE 100 index, allowing traders to speculate on the performance of the UK’s top 100 companies.
They set themselves apart as a preferred broker for trading the FTSE 100 because of its lightning-fast execution speeds and deep liquidity, ensuring minimal slippage and efficient order processing, even during periods of high market volatility.
Traders can access the FTSE 100 through Contracts for Difference (CFDs) or other derivatives offered by Pepperstone, enabling them to capitalize on rising or falling market trends.
Moreover, this broker offers a range of sophisticated trading tools, including advanced charting packages, technical analysis indicators, and customizable trading algorithms, empowering traders to conduct thorough market analysis and execute their trading strategies effectively.
Combined with its reliable customer support and commitment to transparency, Pepperstone emerges as a top choice for trading the FTSE 100 with confidence and precision.
Unique Features
| Feature | Information |
| 🏛️ Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB |
| HKSFC regulation? | ❌No |
| 📲 Social Media Platforms | LinkedIn You Tube |
| 💻 Trading Accounts | Standard Account Razor Account Professional Account Demo Account Islamic Account |
| 📊 Trading Platforms | MetaTrader 4 MetaTrader 5 cTrader TradingView Capitalise.ai |
| 💰 Minimum Deposit | AU$200 |
| 📉 Trading Assets | Forex Indices Shares Commodities Cryptocurrencies ETFs Currency Indices |
| HKD-based Account? | ❌No |
| HKD Deposits Allowed? | ✔️ Yes |
| ➕ Bonuses for traders? | ❌No |
| 📈 Minimum spread | From 0.0 pips |
| 💻 Demo Account | ✔️ Yes |
| ☪️ Islamic Account | ✔️ Yes |
| BaFin Regulation | ✔️ Yes |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| provides an execution model with no dealing desk | Peppertone only offers trading through two retail accounts. |
| offers trading on the globally known and preferred MetaTrader 4 and 5, together with cTrader. | Negative balance protection is only available for UK/EU clients. |
| is multi-regulated and complies with all regulations, policies, and procedures to ensure client fund safety in various jurisdictions | While commission-free, the retail account has wide spreads. |
| Traders looking to diversify their portfolios can profit from Pepperstone's provision of CFDs on indices, commodities, cryptocurrencies, and shares. | The large selection of platforms might overwhelm beginner traders. |
| offers fairly cheap spreads on various financial assets, including currency pairs, indices, commodities, and equities. | Pepperstone does not offer a proprietary trading platform. |
| Customer service has a dedicated support team that is available 24/7 | The range of educational materials and trading tools offered by Pepperstone is not as extensive as that of other brokers. |
Trust Score
Pepperstone has a high trust score of 92%
IG Group
It is a renowned brokerage known for its comprehensive range of financial instruments and cutting-edge trading technology.
IG Group provides seamless access to the FTSE 100 index, allowing traders to capitalize on the performance of the UK’s top 100 companies through various investment products such as Contracts for Difference (CFDs), options, and exchange-traded funds (ETFs).
One distinctive feature of this broker is that makes it an ideal choice for trading the FTSE 100 is its extensive research and analysis tools.
Traders have access to market insights, live news feeds, and expert analysis, enabling them to stay informed about key market developments and make well-informed trading decisions.
Additionally, They offer a user-friendly trading platform with customizable interfaces and advanced charting capabilities, catering to both novice and experienced traders alike.
Furthermore, IG Group’s competitive pricing, tight spreads, and reliable execution make it a preferred broker for accessing the FTSE 100 with efficiency and confidence, ensuring a seamless trading experience for its clients.
Unique Features
| Feature | Information |
| 🏛️ Regulation | FINMA, ASIC, JFSA, MAS, FCA, FMA, CFTC, MiFID |
| 📲 Social Media Platforms | LinkedIn YouTube |
| 💻 Trading Accounts | International Account Domestic Account Corporate Account |
| 📊 Trading Platforms | MetaTrader 4 IG Trading |
| 💰 Minimum Deposit | $200 |
| 📉 Trading Assets | Forex, Indices, Cryptos, Shares, Commodities CFDs |
| 💲 USD-based Account? | ✔️ Yes |
| 💲 USD Deposits Allowed? | ✔️ Yes |
| ➕ Bonuses for traders? | No |
| 📈 Minimum spread | From 0.8 pips |
| 💻 Demo Account | ✔️ Yes |
| ☪️ Islamic Account | No |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Controlled by respectable regulators around the world, fostering confidence and a sense of security. | In comparison to other brokers, some traders could feel the fees and charges to be somewhat excessive. |
| A wide variety of investment alternatives that support different trading methods, such as indices, stocks, currencies, and commodities. | Restricted access to specific markets or assets in contrast to brokers with specialised knowledge. |
| Effective cost management is facilitated by traders' use of transparent fee policies and competitive commission arrangements. | Novice traders may find it difficult to understand complex pricing structures. |
| Efficient trade execution and decision-making are facilitated by trading platforms that are easy to use and furnished with sophisticated tools and analytical features. | There may be dangers associated with using leverage options and margin requirements for some traders. |
| Enormous customer care via many channels guarantees traders receive timely support and direction. | During high trade hours, customer service response times may be delayed, which could impact the availability of immediate support. |
Trust Score
IG has a very high trust score of 99%
Plus500
Plus500 is a leading online brokerage renowned for its user-friendly platform and diverse range of financial instruments.
They provide easy access to the FTSE 100 index, enabling traders to speculate on the performance of the UK’s top 100 companies through Contracts for Difference (CFDs) and other derivatives.
What distinguishes Plus500 as an excellent broker for trading the FTSE 100 is its intuitive trading platform, which offers a seamless trading experience across desktop, web, and mobile devices.
With a straightforward interface, traders can easily navigate the platform and execute trades with ease. Plus500 also stands out for its competitive spreads and low fees, ensuring cost-effective trading for its clients.
Moreover, Plus500 offers advanced risk management tools, including stop-loss and take-profit orders, allowing traders to manage their positions effectively and mitigate potential losses. Combined with its responsive customer support and commitment to regulatory compliance, this broker is a preferred choice for trading the FTSE 100 with confidence and convenience.
Unique Features
| 📝 Regulation | CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA |
| 📱 Social Media Platforms | Facebook, Twitter, Telegram, Instagram, YouTube, LinkedIn |
| 🔎 Trading Accounts | Retail trading account |
| 💻 Trading Platforms | WebTrader |
| 💸 Minimum Deposit | USD100 |
| 🔁 Trading Assets | Forex, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs |
| 🚀 USD-based Account? | Yes |
| 💳 USD Deposits Allowed? | Yes |
| 💰 Bonuses for traders? | Yes |
| 📊 Minimum spread | From 0.0 pips |
| ✔️ Demo Account | Yes |
| ✔️ Islamic Account | Yes |
| 🎖 Open an Account | Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Intuitive and user-friendly trading platform. | Limited research and analysis tools compared to some competitors. |
| Wide range of tradable assets including Forex, stocks, commodities, cryptocurrencies, and indices. | Inactivity fees may apply to dormant accounts. |
| No commission on trades, with fees incorporated into spreads. | Withdrawal processing times can be slow. |
| Access to a free and unlimited demo account. | Limited customization options for trading interface. |
| Competitive spreads on major assets. | Availability of certain assets may be restricted in specific regions. |
Trust Score
Plus500 has a trust score of 85%
XM
This well-established brokerage is known for its diverse financial offerings and advanced trading tools.
XM grants traders access to the FTSE 100 index, enabling them to capitalize on the performance of the UK’s top 100 companies via Contracts for Difference (CFDs) and other derivatives.
What distinguishes XM as an excellent FTSE 100 broker is its extensive educational resources and research tools.
XM provides comprehensive market analysis, live webinars, and educational videos, empowering traders to deepen their market understanding and refine their trading strategies. Moreover, XM‘s user-friendly trading platform, available across desktop, web, and mobile devices, ensures a seamless trading experience for its clientele.
In addition, XM boasts competitive pricing, tight spreads, and swift execution, making it a compelling option for FTSE 100 trading.
Coupled with its attentive customer support and adherence to regulatory standards, XM emerges as a dependable choice for traders aiming to access and navigate the FTSE 100 market confidently.
Unique Features
| Feature | Information |
| 🏛️ Regulation | FSCA, IFSC, ASIC, CySEC, DFSA |
| 📲 Social Media Platforms | LinkedIn YouTube |
| 💻 Trading Accounts | Micro Account, Standard Account, XM Ultra-Low Account, Shares Account |
| 📊 Trading Platforms | MetaTrader 4, MetaTrader 5, XM Mobile App |
| 💰 Minimum Deposit | $5 |
| 📉 Trading Assets | Forex, Cryptocurrencies, Stock CFDs, Commodities, Equity Indices, Precious Metals, Energies, Shares, |
| 💲 USD-based Account? | ✔️ Yes |
| 💲 USD Deposits Allowed? | ✔️ Yes |
| ➕ Bonuses for traders? | ✔️ Yes |
| 📈 Minimum spread | From 0.0 pips |
| 💻 Demo Account | ✔️ Yes |
| ☪️ Islamic Account | ✔️ Yes |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✅Pros | ❌Cons |
| The XM accounts are accessible to all types of traders | Spreads can fluctuate drastically and quickly |
| Traders can use leverage up to 1:1000 | There are position size limits according to the trading account |
| XM caters to various trading strategies | ompared to alternative brokerages, XM offers a relatively limited assortment of cryptocurrencies, which may restrict the range of options available to traders interested in acquiring a diverse selection of crypto assets. |
| There is a diverse range of tradable instruments | Traders may incur inactivity penalties if their accounts remain inactive for prolonged durations. This situation may present a challenge for infrequent traders. |
| XM offers multi-currency accounts | XM functions through the implementation of variable spreads, the magnitude of which traders may perceive as being greater during periods of heightened market volatility. |
| XM applies for negative balance protection | XM, in comparison to certain industry rivals, does not consistently provide fixed deposit advantages, potentially impeding traders who are in search of supplementary incentives. |
| A cent account is provided by XM, enabling traders, particularly novices in the field, to commence their endeavours with more modest investments while efficiently mitigating their risk exposure. | A number of traders are perplexed by XM's fee structure, which varies by account category and has the potential to cause some users to become confused. |
| XM's platform provides traders with competitive margins that not only enhance cost-effectiveness but also possess the potential to optimise profits. | Depending on the regulatory climate, traders whose strategies favour higher leverage ratios may face repercussions if XM is able to enforce leverage restrictions. |
Trust Score
XM has a high trust score of 90%.
XTB
This broker is a prominent brokerage offering competitive spreads, flexible leverage options, and a diverse range of assets for traders.
With XTB, traders can access a variety of financial instruments including forex, indices, commodities, and cryptocurrencies. Notably, XTB provides access to the FTSE 100 index, allowing traders to speculate on the performance of the UK’s top 100 companies.
They offer tight spreads on major currency pairs, enhancing trading efficiency and reducing costs for traders.
Additionally, traders can utilize leverage of up to 1:30 on major currency pairs, enabling them to amplify their trading positions. XTB‘s trading platforms include the user-friendly xStation and MetaTrader 4, both equipped with advanced charting tools and technical indicators to facilitate informed decision-making.
With its comprehensive offerings and access to the FTSE 100, XTB stands out as a reliable choice for traders seeking diverse trading opportunities.
Unique Features
| Feature | Information |
| 🏛️ Regulation | FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, IFSC |
| 📲 Social Media Platforms | Facebook YouTube |
| 💻 Trading Accounts | Standard Account Swap-free Account Islamic Account Professional Account |
| 📊 Trading Platforms | xStation 5 xStation Mobile |
| 💰 Minimum Deposit | There is no specific minimum deposit required |
| 📉 Trading Assets | Forex Indices Commodities Stock CFDs ETF CFDs Cryptocurrencies |
| 💲 USD-based Account? | ✔️ Yes |
| 💲 USD Deposits Allowed? | ✔️ Yes |
| ➕ Bonuses for traders? | ✔️ Yes (except in US, as per US regulation) |
| 📈 Minimum spread | From 0.5 pips |
| 💻 Demo Account | ✔️ Yes |
| ☪️ Islamic Account | ✔️ Yes |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| xStation 5 is ideal for all traders | XTB has fewer tradable instruments compared to other brokers |
| XTB is known for its fast, high-quality customer support | Inactivity fees apply |
| XTB offers several educational resources | UK/EU clients are limited to 1:30 leverage |
| The spreads with XTB are reasonable Withdrawal fees apply | Withdrawal fees apply |
| Withdrawal fees apply |
Trust Score
XTB has a trust score of 95%.
Conclusion
Overall, the best FTSE 100 brokers offer seamless access to one of the world’s most prestigious indices, providing traders with diverse financial instruments, competitive spreads, and advanced trading platforms.
Whether prioritizing educational resources, tight spreads, or user-friendly interfaces, traders can find a suitable broker to navigate the FTSE 100 with confidence.
Frequently Asked Questions
What is the FTSE 100 and why should I trade it?
It is an index representing the 100 largest companies listed on the London Stock Exchange. Trading offers exposure to a diverse range of industries and can be profitable due to its liquidity and volatility.
How can I mitigate risk when trading the FTSE 100?
To minimize risk, consider using stop-loss orders to limit potential losses, diversify your portfolio across multiple assets, and conduct thorough research to understand market trends and potential risks before entering trades.
What trading strategies are effective for trading the FTSE 100?
Effective strategies include trend following, momentum trading, and range trading. It’s essential to adapt your strategy to different market conditions and utilize technical analysis tools to identify entry and exit points.
How much capital do I need to start trading the FTSE 100?
The amount of capital required varies depending on your trading strategy and risk tolerance.
Which broker is best for trading the FTSE 100?
The best broker depends on your individual needs and preferences.
Consider factors such as trading fees, platform usability, customer support, and regulatory compliance when choosing a broker. Popular options include IG, eToro, XTB, Plus500, and XM.
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