Best Investment Apps in the UK

Best Investment Apps in the UK

A Beginner’s Guide to Investing Apps

When it comes to investing, whether it’s buying shares or trading stocks, finding the time to monitor the markets and keep track of trends is not always easy. This is especially true if you’re a beginner who still needs to learn the technicalities of investing. You might be overwhelmed by the idea.

Best Investment Apps in the UK

Fortunately, there are many apps that can help you get started sooner rather than later. Investment apps allow you to effortlessly manage your portfolio from any location. They also provide valuable insights and tools that cultivate better strategies. Here’s what you need to know.

Investing Apps Explained

In short, an investing app facilitates transactions with different financial products. The majority of them are free to download and are usually developed by brokers or financial service providers that also offer browser or desktop versions of their platform. There are countless assets available on investment apps, including:

  • Bonds
  • Cryptocurrencies
  • Indices
  • Funds
  • Stocks

Along with financial instruments, some apps offer services such as savings accounts and pensions. So, wherever you plan to put your money, chances are that you’ll find what you need.

What to Look for in Investment Apps

Of course, not all investment apps are made equal. It’s vital that you select an estimable and reliable option. No less important is that you choose an app that suits your preferences and level of experience. In any case, the following features should be considered:

Asset Variety

The first thing to check is what type of assets are available on the platform. Even if you’re only interested in one financial product at the moment, an app with solid variety gives you an opportunity to diversify your portfolio later on. Also, see if you can exchange CFDs (contract for difference) as they have more leverage than directly owned stocks.

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Social Trading

This feature allows you to view other traders’ profiles and analyse how their portfolios are distributed. You can even set an amount to transfer from your own account to imitate a successful trader’s strategy. It’s great for beginners since you don’t have to establish your own approach before investing.

Research Tools

Leading investment apps offer numerous research tools. These might come in the form of custom charts, news feeds, or technical studies. Keep your personal needs in mind when comparing research tools. For instance, traders who prefer to act quickly based on market news will value an app with configurable alerts.

Pricing and Fees

Finally, be sure to understand what an investing app charges you for using it. Try to determine an annual fee by assessing trade commissions, spreads, and any additional costs such as monthly subscriptions.

The Best Investment Apps for Beginners

If you’re new to trading or investing in general, the right app will be simple and user-friendly. The user interface must be easy to navigate and the app should feature built-in learning tools such as social and copy trading. Affordability might be another key factor. You don’t want to be forced to make a minimum deposit that’s beyond your budget.

The Best Investment Apps UK

So, which apps are best for UK investors? Listed below are some of the most popular and well-known options, along with what makes them stand out. We’ll discuss the most noteworthy apps in more detail later on. For now, you can add the following platforms to your shortlist:

  • AvaTrade – Suitable for technical trading
  • IG – Top app for investing in shares
  • Fineco Ideal for bonds  
  • eToro – Wide range of features and large user base
  • Moneta Markets – Great for high-leverage investments
  • Trading 212 Offers stock trading in overseas markets
  • Wealthify – Accommodating to beginners
  • Nutmeg – Long list of different financial products

How to use Investment Apps UK

It’s as simple as signing up on the app or provider’s website and following their instructions. There are countless guides available online to help you get started. Reputable brokers also offer customer support services that you can contact if you ever require assistance.

The Best Stock Investment Apps

When it comes to stocks, in particular, the following apps are generally considered the best in the UK:

  • Fineco Bank – All-round features and value
  • eToro – Affordable and reputable
  • Hargreaves Lansdown – Perfect for beginners
  • Trading 212 – Great range of tools and research options
  • Fidelity – Most user-friendly design
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Are the Best UK Investment Apps Safe?

In the UK, investing apps must be authorised and registered by the Financial Conduct Authority (FCA) and need to meet certain criteria. This includes safety conditions and a commitment to protecting client data and funds. Brokers typically maintain separate bank accounts for client money, along with several other trading-related security measures.

As long as the app you’re using is well-known and highly regarded in the investing community, you can be confident in its ability to safeguard your funds and privacy.

What are Stock Investing Apps?

While there are certain apps that are geared specifically towards trading stocks, most are general investment apps with stock trading functionality. Remember that the latter type of app has the added benefit of allowing you to diversify your portfolio with different types of investments in the future.

Either way, these platforms allow you to buy and sell shares on the stock market just as you would anywhere else.

Overall Best Investment Apps for Beginners UK

There’s no one best investment app for beginners, as it largely depends on your needs and preferences. That said, the likes of eToro, Wealthify, Fidelity, and Hargreaves Lansdown are among the most user-friendly and informative, so start your search with those.

Best Apps for Investing UK Copy Trading

As we touched on earlier, copy trading or social trading involves replicating the moves of other traders in your own portfolio. The platforms that offer this feature typically allow you to automate the process, further simplifying your investment efforts. Here are the leading brokers that provide copy trading:

  • AvaTrade
  • eToro
  • FXTM
  • Trade360
  • ZuluTrade

Best Apps to Invest in Stocks UK Easily

When it comes to ease of use, Fidelity is often mentioned. Not only is the interface well-designed, but the app also offers many great features, including junior products that allow you to invest in your children’s’ future. Fidelity offers a great step-by-step approach that makes it suitable for beginners.      

Best Investment Apps for Beginners UK

Along with Fidelity, the best investment apps for beginners in the UK include eToro, Hargreaves Lansdown, AvaTrade, IG, Wealthify, Nutmeg, and Fineco.

Best Stock Market Investing App for US Shares

Both the apps Stake and IG allow UK users to purchase US shares. The same is true for Trading 212. However, it’s worthy of distinction as it’s particularly great for beginners. That’s because Trading 212 offers all the educational materials and resources you need to learn about investing. This includes guides, videos, and a handy index for definitions.

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Best Free Investing Apps

Since all of the aforementioned apps are free to download, price needn’t be part of your selection criteria. Just be sure to pay attention to fees. Only your first 100 trades are free on Fineco, for example, while IG charges zero commission on US shares and £3 on UK shares.

The Best Investment Market App for Research

We mentioned above that Trading 212 is one of the best apps for research. If you’re looking for an information-rich alternative, consider eToro and Nutmeg. It’s important to find a broker whose research you can trust, as you’ll likely be using it to make your trading decisions.

Best Fund Investment Apps for Beginners UK

Let’s add another app to the list that we haven’t discussed yet. It’s called Interactive Investor and many traders consider it the go-to option for investing in funds. You can also use it for bonds, shares, and trusts. While regular investing is free, there is a £9.99 subscription cost that you need to be mindful of.

Best Automated Investment Apps UK

Perhaps you’d prefer if the app did all the work. In that case, it’s vital that you choose one you can trust to get the job done right. Here are the best automated investment apps:

  • Acorns
  • Betterment
  • Ellevest
  • Stash
  • Wealthfront

Commission-Free Investment Stocks App UK

There are a couple of stock investing apps in the UK that don’t charge commission. This includes AvaTrade, eToro, and Trading 212. Most other brokers charge commissions, but in some cases make up for it elsewhere with lower fees.

How to Choose a Stock Market Investment App UK

Choosing a stock market investment app is mostly the same as choosing any other type of investment app, so remember the criteria we discussed earlier.

How to Download The Best Free Investment Apps UK

Simply head to the Apple App Store or Google Play Store and search for the investment app that you’re looking to download. You can also find links to the apps on the broker’s website.

Choosing Apps to Invest in Stocks UK

With our recommendations in mind, you can confidently choose a suitable app for your investing or trading needs.

Feel free to consult a few more guides before settling on a specific app. You can also read user reviews to get an idea of the actual experience. Good luck!

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