Sterling Savvy


Best Penny Stock Brokers in the UK

Tobi Opeyemi Amure
Reviewed by:
Best penny stock brokers UK

In a nutshell, the best penny stock brokers in the UK are Admiral Markets, Avatrade, and CMC Markets. Admiral Markets is known for its extensive trading tools and educational resources; Avatrade offers robust customer service and multiple trading platforms; and CMC Markets is renowned for its wide range of assets and sophisticated trading platform.

Selecting the right penny stock broker is crucial in the fast-paced trading world.

I’ve tested, scored, and ranked the best penny stock brokers in the UK.

Whether you’re seeking security, user-friendliness, or low fees, I’ve got you covered.

Top Brokers to Buy Penny Stocks From Ranked

Here is a quick list of the best penny stock brokers to use in the UK based on my hands-on analysis:

  1. Admiral Markets – Best for beginners
  2. AvaTrade – Best app
  3. CMC Markets – Best for low trading fees
  4. Interactive Brokers – Best for advanced traders
  5. IG – Best for research tools
  6. XTB – Best for CFDs


In 2024, around 2 in 5 Brits (42%) invest and trade, up from 36% in 20211.

Choosing the best broker for penny stocks is crucial for newcomers in the market.

Having worked in the retail investment sector in London over the last four years, I had the opportunity to experience the rise first-hand.

Additionally, in my role working for one of the UK’s leading financial companies, “a trustworthy and respected provider of news, education and market analysis for the everyday investor”, I was able to work with and test some of the biggest brokers on the market.

Using my experience in this field, I’ve compiled a list of the best places to buy penny stocks in the UK based on factors such as usability, safety, fees, trading platforms available, research tools, educational materials, and additional features.

All the penny stock apps and platforms I’ve reviewed below are regulated by the UK’s financial watchdog, the Financial Conduct Authority (FCA).

You can read about how we test platforms here.

This article was reviewed by Tobi Opeyemi Amure, a trading expert and writer at, and

1. Admiral Markets – Best for beginners

Admiral Markets - Overall best penny stock broker for beginners UK.

The overall winner on my list of the best penny stock brokers and what I recommend to beginners is Admiral Markets.

With no withdrawal fee, no required minimum deposit, and no commission on stock or CFD trades, Admiral Markets makes for a great choice when it comes to penny stock trading.

It’s a user-friendly platform with no inactivity fee, and there’s no minimum deposit required, making it suitable for traders of all levels.

Furthermore, Admiral Markets offers a wide range of research and learning materials, as well as financial advice agents, to help traders stay on top of the latest trends in the stock market.

Overall, Admiral Markets is my top choice for penny stock traders in the UK, offering low fees and an easy-to-use platform.

2. AvaTrade – Best app

AvaTrade - Best penny stocks app UK.

AvaTrade offers a user-friendly platform with no commission on trades and a minimum deposit of £100.

It’s ideal for traders who want a straightforward approach to their trading activities and are comfortable with a minimum deposit.

AvaTrade provides access to a wide variety of markets including commodities, stock indices, metals, and currencies.

The platform is also popular among traders who are looking to diversify their portfolios with products such as CFDs and binary options.

Furthermore, AvaTrade offers research tools and analysis to help traders make informed decisions. The platform also provides access to educational materials to help traders learn the basics of trading and understand the different markets available.

AvaTrade also offers a range of customer support options including live chat, email, telephone, and a comprehensive FAQ section.

All in all, AvaTrade is an excellent choice for traders who want a user-friendly platform with no commission and a straightforward approach to trading.

Read my full AvaTrade review.

3. CMC Markets – Best for low trading fees

CMC Markets - Best penny stock broker for low trading fees.

CMC Markets offers relatively low fees, so you won’t have to worry about high costs when trading.

This is great news for penny stock traders who may not have a lot of capital to invest.

The platform also doesn’t require a minimum deposit, so you can get started with just a small amount of money.

Additionally, CMC Markets provides access to a wide variety of penny stocks and penny stock ETFs. This allows you to diversify your portfolio and potentially reduce your risk.

The platform also offers extensive research and learning materials, so you can stay up-to-date on the latest trends in the penny stock market.

All of these factors make CMC Markets an attractive option for penny stock traders in the UK.

4. Interactive Brokers – Best for advanced traders

Best UK penny stock broker for advanced traders

Interactive Brokers offers low commission rates and no minimum deposit or inactivity fee, making it a great choice for penny stock traders.

This broker provides access to a wide selection of penny stocks and ETFs, with fees that are much lower than other brokers.

In addition, Interactive Brokers also offers detailed research and analysis tools, as well as financial advice agents to help you make informed decisions about your investments.

The platform is not as user-friendly as some other brokers, so it may be best suited for experienced investors who are comfortable navigating a more complex platform.

However, the low fees and lack of minimum deposit or inactivity fee make it an attractive option for penny stock traders.

Read my full Interactive Brokers review.

5. IG – Best for research tools

IG - Best penny stock broker for research tools in the UK.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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.

As a penny stock broker, IG shines brightly in the UK market, thanks to its rich resource bank for both fundamental and technical analysis.

The broker boasts an extensive array of research tools, including charting aids, news feeds, and trading ideas that equip traders with the necessary insights for informed trading decisions.

Adding to its appeal, IG also hosts a vibrant community platform, providing a venue for traders to interact, share insights, and learn from each other.

For novice traders or those looking to enhance their skills, IG’s Academy is a valuable resource. Offering a diverse range of educational materials, such as free webinars, online courses, articles, and eBooks, it empowers traders with the knowledge they need to navigate the choppy waters of penny stocks.

IG goes the extra mile by offering a demo account, allowing users to practice trading strategies and gain hands-on experience without risking real money. This makes IG a suitable platform for beginners and those keen to learn and experiment.

However, the IG experience comes with a notable drawback. Its penny stock trading fee is considered high compared to other brokers, which may deter budget-conscious traders.

Additionally, a minimum deposit of £250 is required to open an account, which could be a significant barrier for those new to penny stock trading or with limited capital.

In summary, IG’s superior research tools and educational resources make it an appealing choice for trading penny stocks in the UK.

However, its higher fee structure and initial deposit requirement may be deterrents for some. Potential users should weigh these factors before deciding if IG’s offerings align with their trading objectives and financial capabilities.

Read my full IG review.

6. XTB – Best for CFDs

XTB - Best CFD penny stock broker in the UK.

In the intriguing world of penny stocks, XTB is a standout broker in the UK, offering its clients a unique blend of speed, resources, and bespoke tools.

With its focus on constant improvement, XTB goes beyond the average, crafting its platform to cater specifically to the idiosyncrasies of penny share trading.

A well-known name in the CFD and forex markets, XTB is a versatile broker, supporting transactions across various markets and asset types.

The core of their success lies in their tireless commitment to enhance their offerings, with a clear aim to be exceptional service providers rather than merely satisfactory.

XTB’s trading platforms, xStation5 and xStation mobile, have won awards for their robust functionality.

Highlighted by superior trade execution speeds, the platforms are well-equipped with tools such as trading charts, calculators, and an in-depth view of market orders.

These platforms are fully customisable, catering to diverse trading styles and individual preferences.

One of the key advantages XTB offers is commission-free trading on most penny stock trades. Traders can trade up to £100,000 every month without paying any commission, leaving considerable room for maneuver in the penny stock sphere.

With this feature, budget investors can engage in penny stock trading without being burdened by excessive fees for minimal dollar trades.

However, XTB does have a few shortcomings. Potential conversion and withdrawal fees may deter traders from operating with lower capital amounts.

A 0.5% fee applies to any necessary currency conversions, and maintaining a minimum balance is essential to avoid withdrawal fees. While these are not dealbreakers, they should be factored into a trader’s decision-making process.

To sum it up, XTB provides an effortless trading experience, highly customisable to your specific needs, and cost-effective trading with no additional fees for most penny stock trades.

The potential conversion fees are a downside to consider, but overall, XTB stands as a reliable broker in the UK for penny stock trading.

How to Choose? Factors to Consider

When choosing the best broker for penny stock trading in the UK, consider the following factors:

  • Regulation and Trustworthiness: Opt for a broker that is regulated by a reputable financial authority in the UK, such as the Financial Conduct Authority (FCA). Regulation helps ensure that the broker operates under certain standards and safeguards client funds.
  • Trading Platform and Tools: Look for a broker that offers a user-friendly and reliable trading platform. The platform should have essential features for penny stock trading, such as real-time quotes, charting tools, order types, and customisation options.
  • Commission and Fees: Compare the commission structure and fees charged by different brokers. Given the potential for frequent trading with penny stocks, low-cost commissions can significantly impact your profitability. Be mindful of any additional fees, such as inactivity fees or account maintenance charges.
  • Market Access: Verify that the broker provides access to the specific markets where you intend to trade penny stocks. Some brokers may have limitations on OTC markets or specific exchanges. Ensure that the broker offers a wide range of penny stocks to choose from.
  • Research and Education Resources: Consider brokers that offer comprehensive research tools, stock screeners, and educational resources. These can be valuable for identifying penny stock opportunities, conducting fundamental or technical analysis, and staying informed about market trends.
  • Customer Support: Assess the quality and availability of customer support. Look for brokers that offer responsive and helpful customer service, as it can be crucial when facing issues or needing assistance with your penny stock trading activities.
  • Account Requirements: Evaluate the minimum deposit requirements and account features offered by brokers. Some brokers may have specific account types or features tailored to active penny stock traders, while others may have more basic offerings.
  • User Reviews and Reputation: Read user reviews and consider the overall reputation of the broker. Look for feedback on the broker’s reliability, execution speed, customer service, and any negative experiences shared by other traders.

By considering these factors, you can narrow down your options and find the best broker for penny stock trading in the UK that aligns with your trading goals and requirements.

Final Thoughts

After testing and reviewing the best penny stock brokers in the UK, I’ve found that each one offers its own unique set of advantages and disadvantages.

Whether you’re a beginner or a more experienced investor, it’s important to do your due diligence to determine which broker best meets your trading and investing needs.

With the right broker, penny stock trading and investing can be a great way to diversify your portfolio and potentially earn a nice return.

But, for beginners, I’d recommend Admiral Markets as the best penny stock broker in the UK.


Can you buy penny stocks in the UK?

Yes, it is possible to buy penny stocks in the UK. These stocks are available on various stock exchanges, such as the London Stock Exchange (LSE), Alternative Investment Market (AIM), or over-the-counter (OTC) markets. You can use online brokerage accounts to purchase and trade penny stocks in the UK.

Are penny stocks safe?

Penny stocks are typically considered high-risk investments due to their volatility, lack of liquidity, and limited information availability. They often belong to small, unproven companies and are susceptible to market manipulation. While it’s possible to make substantial gains, the risk of significant losses is also high. Therefore, they might not be considered “safe” in the traditional investment sense. As always, due diligence and risk management are crucial when investing in such assets. Make sure to be cautious of fraud and scams2.

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Will Fenton is the founder of Sterling Savvy. He is a personal finance expert and writes about trading, investing, budgeting, and other financial topics.

Along with his education in Economics & Finance, he has experience working in the financial services industry in London working for one of the UK’s leading financial companies, “a trustworthy and respected provider of news, education and market analysis for the everyday investor”.

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