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Which broker is the best to start trading in LSE?

I would like to start trading in LSE, what broker is the best for me to start with? Currently i'm using POEMS but the commission for LSE is very high. thanks.

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thefrugalstudent

17 Feb 2021

Founder at thefrugalstudent.com

Hi Alicia,

For LSE, you can consider Saxo or IBKR. In my opinion, the key difference is that Saxo charges a custodian fee of 0.12% pa while IBKR charges a 10USD inactivity fee every month, less the commission fees. If you're looking to trade, ie you will make several buy/sell orders every month, IBKR may be a better option for you as your commission fees will likely be higher than the inactivity fee, causing it to be waived.

Hope this helps!

Regards,

thefrugalstudent

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