Market Share of E-Brokerage Industry in the United Kingdom
The e-brokerage market in the United Kingdom has a highly competitive landscape with many companies acting as players, providing brokerage services to both retail and institutional investors. Some of the top companies are eToro, Peperstone, Plus500, Capital.com, IG Group, City Index, Robinhood, AvaTrade, Monesta Markets, etc.
The crucial element in this market is customer's value. Through reliability on demand of customer, these companies change the rates accordingly. Main revenue stream was commission, interest income, annual maintenance charges, etc.
Offering of CREST account (CREST is the name of the UK's system used for settling trades in electronic form). However, there are a very limited number of online brokers who offer this to new clients: Stocktrade is the main one.
Very active traders may want to consider a broker who offers direct market access (DMA). Most brokers place your trade through market-makers known as retail service providers. This involves asking one or more intermediaries who trade directly on the stock exchange to quote a price for the trade. You then get around 15 seconds to decide whether to accept that or not. With DMA, your order is placed directly onto the stock exchange's order book. Effectively, this means you offer a price and see if anybody will meet you, rather than accepting a price that somebody offers you. Most investors don't need this, but for very frequent traders the extra control can be useful.
UK E-Brokerage Market Leaders
eToro
IG Groups
Pepperstone
Robinhood
AvaTrade
*Disclaimer: Major Players sorted in no particular order
