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Best broker for stocks and shares ISA in 2023

Freetrade Logo
1st place
Freetrade
Interactive Brokers Logo
2nd place
Interactive Brokers
Fineco Bank Logo
3rd place
Fineco Bank

Top 5 Stocks and Shares ISA brokers in 2023:

  1. Freetrade - Free stock and ETF trading. Easy and fast account opening. Great mobile trading platform.
  2. Interactive Brokers - Low trading fees. Wide range of products. Many great research tools.
  3. Fineco Bank - Low non-trading fees. Great mobile trading platform. Rock-solid background.
  4. AJ Bell Youinvest - Fast account opening. Easy to use trading platforms. Great customer service.
  5. Hargreaves Lansdown - Easy-to-use trading platforms. High-quality educational tools. Great customer service.

How did BrokerChooser select the best Stocks and Shares ISA brokers?

  • We checked whether the broker is regulated by a trusted regulator.
  • Compared fees (including account fee, inactivity fee, custody fee & currency conversion fee).
  • Compared the number of long term products (such as stocks, mutual funds, ETFs) available.
  • Checked trading fees for most important product types ,
  • Compared the customer experience (mobile platform, customer service, account opening process and truspilot score).

Best broker for stocks and shares ISA in 2023
Comparison of top Stocks and Shares ISA brokers in 2023

While many Stocks and Shares ISA brokers catering to clients in the United Kingdom offer an excellent service, the ones in our toplist go the extra mile. These international brokers and trading platforms are suitable both for beginners and advanced clients, looking for great customer experience.

Best Stocks and Shares ISA brokers key data compiled for March 2023
Broker Platform fee Number of stocks Stocks and ETFs fee score Customer Experience
Freetrade Low 11 5.0 stars 4.1
Interactive Brokers Low 83 4.7 stars 3.7
Fineco Bank Low 13 4.3 stars 0.4
AJ Bell Youinvest Average 19 2.9 stars 4.1
Hargreaves Lansdown Low 21 2.4 stars 3.6

Best broker for stocks and shares ISA in 2023
Trading fee comparison of the best Stocks and Shares ISA brokers

Below you can see the fees charged by the different online providers for the most important assets like stocks, ETFs and mutual funds.

Freetrade Interactive Brokers Fineco Bank AJ Bell Youinvest Hargreaves Lansdown
Stock and ETF fee scores 5.0 stars 4.7 stars 4.3 stars 2.9 stars 2.4 stars
Mutual fund fee scores 0.0 stars 2.9 stars 5.0 stars 4.8 stars 5.0 stars

Best broker for stocks and shares ISA in 2023
Customer experience at the best Stocks and Shares ISA brokers

Customer experience is a complex question, yet crucially important when it comes to broker selection. Here you can see a breakdown of customer experience angles and how the different providers perform along them.

Freetrade Interactive Brokers Fineco Bank AJ Bell Youinvest Hargreaves Lansdown
Web platform score - 3.8 stars 4.0 stars 3.7 stars 3.7 stars
Mobile platform score 4.7 stars 3.5 stars 4.4 stars 4.2 stars 3.9 stars
Customer service score 5.0 stars 4.3 stars 4.5 stars 5.0 stars 4.5 stars
Account opening score 5.0 stars 3.2 stars 4.2 stars 5.0 stars 4.6 stars
UX score 4.1 3.7 0.4 4.1 3.6

Best broker for stocks and shares ISA in 2023
What investments are tax-free in the United Kingdom?

In the United Kingdom, several investment options are tax-efficient, which can help you reduce your tax liabilities. Some of these options include Individual Saving Accounts (ISAs), and pension schemes, like Self-Invested Personal Pension (SIPP), along with others.

ISAs are tax-free savings accounts that let you save or invest money up to a certain amount without paying tax on your returns. You don’t even have to declare your ISA holdings in your annual tax return. There is a limit set by the UK government on how much you can put into the tax-free wrapper each tax year. The limit, or allowance, for the tax year running through April 5 is £20,000.

With Stocks & Shares ISAs, you can invest in a range of assets, including individual stocks, bonds, and funds. Any profits you make by selling your investments, receiving dividends or by interest payments are exempt from tax like Capital Gains Tax (CGT) & Income Tax. This simplifies your tax reporting process a great deal, as you won't have to declare any returns you make on your annual tax return. There is no limit to the amount you can earn tax-free in a Stocks & Shares ISA, meaning that the profit you generate with your investments have no upper limit.

Furthermore, if you wish, you can withdraw your money at any time without penalty. This type of investment account is particularly beneficial if you want to invest long-term so you can take advantage of the power of compounding.

Best broker for stocks and shares ISA in 2023
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And now, let's see the top Stocks and Shares ISA brokers one by one, starting with the winner, Freetrade.

Freetrade Logo

#1 Best broker for stocks and shares ISA
Freetrade

Recommended for long-term investors on the hunt for low fees and focusing on the uk and us markets

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Freetrade snapshot
UK discount broker
Fee score 4.5 stars
Minimum deposit $0
Markets and products score 3.0 stars
Trading platform score 3.4 stars
Customer service score 5.0 stars
Time to open an account 1 day
Read review For a detailed analysis of Freetrade services, check out our review for 2023
Interactive Brokers Logo

#2 Best broker for stocks and shares ISA
Interactive Brokers

Recommended for traders looking for broad market access and a professional trading environment

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Interactive Brokers snapshot
International broker providing all asset classes
Fee score 4.5 stars
Minimum deposit $0
Markets and products score 5.0 stars
Trading platform score 3.6 stars
Customer service score 4.3 stars
Time to open an account 1-3 days
Read review For a detailed analysis of Interactive Brokers services, check out our review for 2023
Fineco Bank Logo

#3 Best broker for stocks and shares ISA
Fineco Bank

Recommended for traders and investors looking for a great trading platform and a broker with a solid background

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Fineco Bank snapshot
Italian bank
Fee score 3.4 stars
Minimum deposit $0
Markets and products score 4.0 stars
Trading platform score 3.7 stars
Customer service score 4.5 stars
Time to open an account 1-3 days
Read review For a detailed analysis of Fineco Bank services, check out our review for 2023
AJ Bell Youinvest Logo

#4 Best broker for stocks and shares ISA
AJ Bell Youinvest

Recommended for beginners and investors with small and medium portfolios focusing on the uk market

Visit broker

AJ Bell Youinvest snapshot
UK discount broker
Fee score 3.1 stars
Minimum deposit $0
Markets and products score 3.4 stars
Trading platform score 4.1 stars
Customer service score 5.0 stars
Time to open an account 1 day
Read review For a detailed analysis of AJ Bell Youinvest services, check out our review for 2023
Hargreaves Lansdown Logo

#5 Best broker for stocks and shares ISA
Hargreaves Lansdown

Recommended for beginners and buy-and-hold investors looking for great customer service and easy-to-use trading platforms

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Hargreaves Lansdown snapshot
UK-based stockbroker
Fee score 3.2 stars
Minimum deposit $0
Markets and products score 3.2 stars
Trading platform score 3.8 stars
Customer service score 4.5 stars
Time to open an account 1 day
Read review For a detailed analysis of Hargreaves Lansdown services, check out our review for 2023

Best broker for stocks and shares ISA in 2023
FAQ

Is it worth getting a stocks and shares ISA?

Whether it is worth getting a stocks and shares ISA depends on your individual circumstances, financial goals, and risk tolerance.

Do you get 25% on stocks and shares ISAs?

When investing into a stocks and shares ISA you do not get interest payments. Investment growth is generated through the individual investments made into the available investment types within the ISA account (e.g: shares, funds, bonds and more).

Can I put £20000 into a stocks and shares ISA every year?

Yes, in the UK, the current annual allowance for a stocks and shares ISA is £20,000 for the tax year 2022/23. This means you can invest up to £20,000 per year into a stocks and shares ISA without having to pay any tax on any income or capital gains generated from your investments.

It's important to note that the annual allowance is set by the government and can be subject to change in future tax years. Additionally, if you have already used your allowance for the current tax year, you will need to wait until the next tax year to contribute further funds into your ISA.

What are the disadvantages of a stocks and shares ISA?

While there are many advantages to investing in a stocks and shares ISA, there are also some potential disadvantages to consider. Here are a few:

  • Risk: Investing in stocks and shares carries risk, and the value of your investments can go down as well as up.
  • Fees: Stocks and Shares ISAs can come with fees and charges, such as platform fees, trading fees, and fund management fees.
  • Limited access: You may be subject to restrictions on when and how you can withdraw funds, and you may need to pay fees and penalties to do so.

What types of investments can I hold in a stocks and shares ISA?

You can hold a wide range of investments in a stocks and shares ISA, including individual stocks, shares, funds, and investment trusts. However, not all investment types may be available through every provider.

Author of this article

Krisztián Gátonyi

Author of this article

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Krisztián Gátonyi

Senior Broker Expert

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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