The UK day trading market is regulated by the FCA (Financial Conduct Authority). This means that brokers are required to be transparent and treat their customers fairly. You can search for the FCA register to find an authorised broker.

The majority of uk day trading software trade using two popular derivative products – spread bets and CFDs. Both are leveraged products that will magnify your profits when the markets move in your favour, but they can also magnify losses so it’s important to carefully manage your risk. Alternatively, you can open an intraday position without leverage by dealing shares directly.

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In order to become a successful UK day trader, it is important to develop a full trading plan that outlines your strategy and sets out your risk management rules. You should also remain up-to-date on regulations and make sure that you are complying with all relevant requirements. Finally, a good understanding of the psychology of trading is essential for success. This will help you to avoid making emotional decisions and maintain your discipline in the face of a fast-paced and potentially volatile trading environment.

One of the best brokers for day trading in the UK is eToro, which offers a huge range of investment options, superior platforms and low fees. Its Trustpilot rating is 4.7/5 and its customer service is excellent, with live chat and an email address available. You can deposit and withdraw funds with no charges, but you should remember that trading involves a high level of risk and your capital could be at risk.