Best Stock Trading App UK – Top App Revealed

Looking for the best stock trading apps in the UK? If so, you’ve got a lot of research to do. After all, there are dozens of UK online brokers that now allow you to trade via a dedicated trading app.

In order to separate the wheat from the chaff – you’ll need to look at everything from fees and commissions to tradable shares and supported payment methods. Don’t have countless hours spare to research a provider yourself?

In this guide, we review the best stock trading app in the UK right now. On top of discussing the many factors that you need to look out for prior to downloading a new stock trading app, we also show you how to get started with an account today!

Top 5 Free Stock Apps 2020

Below you will find which free stock apps made our top 5 list. We review each of these providers in much greater detail further down.

  • eToro – Overall best stock app. Access 1,700+ stocks with 0% commission and no dealing fees.
  • Plus500 – UK CFD Trading App For Stocks. 76.4% of retail CFD accounts lose money.
  • Trading212 – Buy, Sell, and Trade Stocks Without Paying Any Commission
  • IG – UK Stock Trading App With Over 17+000 Markets
  • Capital.com – Best UK Stock Trading App for Beginners

Best Stock Trading Apps UK Reviewed

Finding the best UK stock trading app for you and your financial goals can be challenging. This is why we have done the hard work for you by reviewing five of the best providers currently active in the space. Whether you’re looking for the best stock app for Android of the top stock market app for iPhone, we’ve got you covered.

Here’s who made the cut.

1. eToro – Overall Best Stock Trading App UK with Zero Commission

Without a doubt, we would argue that eToro is by far the best stock trading app available to UK investors. Even if you’re new to investing, there is every chance that you have come across the eToro brand. It runs several adverts on British television and is even present on Premier League stadium billboards.

Much of the excitement surrounding eToro is that the platform allows you to buy, sell, and trade the best stocks on a 100% commission-free basis. While at first glance this might sound too good to be touch – it really isn’t. Not only can you make free trades without paying any commissions, but there is no registration, set up, or monthly/annual fees to worry about. Instead, eToro makes most of its money from the 0.5% currency conversion fee it charges on deposits. But, this is actually countered when you consider that eToro waves stamp duty fees – which also equates to 0.5%.

On top of being the best UK stock trading app in terms of trading fees and commissions, this provider also wins the award for user-friendliness. That is to say, anyone can use the eToro trading app as it was designed with newbies in mind. In fact, opening an account takes just minutes once you have downloaded the app – which is available on iOS and Android devices. You can easily deposit funds, too. This is because eToro accepts UK debit/credit cards, e-wallets, and a bank transfer.

In terms of what you can trade, this leading UK stock app offers heaps of asset classes. For example, you can buy or trade over 1,700+ stocks from over 17 UK and international markets. You can also trade indices, exchange-traded funds (ETFs), cryptocurrencies, forex, and commodities. Regarding the latter, this covers oil, natural gas, gold, silver, and several agricultural products. What we also like about the eToro app is that you can trade shares from just $50. This is because it supports fraction ownership.

For those unaware, fractional ownership means that you can buy or trade ‘part’ of shares, as opposed to needing to invest in the full stock. This is great for newbies and those on a tight budget. Additionally, eToro offers a ‘Copy Trading’ service that allows you to copy the trade of an experienced investor. This allows you to trade stocks and other assets in a completely passive nature. Finally, eToro is heavily regulated.  It has a license issued by the FCA and is covered by the FSCS.

Still not convinced on the eToro investment app? Read our comprehensive eToro app review to find out more about what this app offers.

Pros:

  • Regulated by the FCA, CySEC, and ASIC
  • Trusted brand with over 13 million client accounts worldwide
  • Buy stocks without paying any commission or share dealing charges
  • Social and copy trading
  • Buy stocks or trade CFDs with leverage (Non-US)
  • 1,700+ stocks listed on multiple international markets
  • Personalised eToro account where you can set up trading price alerts

Cons:

  • Not suitable for advanced traders that like to perform technical analysis

75% of retail investors lose money trading CFDs at this site.

2. Plus500 – UK Trading App For CFDs

Plus500 is the market leader when it comes to contracts-for-differences (CFDs). These are financial instruments that allow you to trade your favourite asset class without you needing to take ownership. This is because CFDs will track the market price of the asset in real-time, subsequently allowing you to trade it with ease. For example, if the price of BT shares increases by 1.75%, as will your CFD instrument.

If you’re wondering why you should use a CFD stock app as opposed to one issued by a traditional broker – let us elaborate. First and foremost, Plus500 is a 100% commission-free trading app. This means that the only trading ‘fee’ that you need to consider is that of the spread. Next up is that of its long/short offering. Put simply, the Plus500 CFD app allows you to choose from a buy or sell order on all markets.

This allows you to make gains irrespective of which way the asset is moving. Additionally, Plus500 is also a good option if you are looking to obtain leverage. For those unaware, this allows you to trade at an amount greater than you have in your brokerage account. On the Plus500 CFD trading app, you can get as much as 1:30. This means that a £200 balance would permit a buy/sell order worth up to £6,000. When trading stocks, however, this is capped to 1:5.

Outside of stocks, Plus500 also allows you to trade forex, indices, crypto, interest rates, bonds, options trades and more – all vis CFD instruments. The Plus500 app is available on both Android and iOS devices and it can be downloaded free of charge. The app can be used in conjunction with the main Plus500 website, and you will be required to meet a small account minimum deposit of just £100 to get started. The FCA-regulated app accepts various payment methods – including debit/credit cards and Paypal.

Read our in-depth Plus500 app review here.

Pros:

  • Heavily regulated trading platform
  • 0% commission on all forex trading positions
  • Leverage facilities available
  • Mobile app is highly rated
  • No transaction fees
  • Minimum deposit just £100
  • Heaps of forex pairs supported
  • Thousands of CFD instruments

Cons:

  • Does not offer traditional investment assets

76.4% of retail CFD accounts lose money.

3. IG – UK Stock Trading App With Over 17+000 Markets

When it comes to the tradable markets, it really doesn’t get much better than IG. This UK brokerage house – which offers free stock apps on both iOS and Android, gives you access to over 17,000 markets. This includes thousands of tradable stocks from dozens of exchanges. Whether you’re interested in trading companies from the UK, US, South Africa, New Zealand, Australia, or France – IG has you covered.

If it is primarily stocks that you wish to trade, IG allows you to do this via CFD instruments. The platform actually has a variable commission structure in place, with the specific rate depends on which market you are trading. For example, you can trade UK stocks via the app at a rate of 0.10%. This comes with a £10 minimum, meaning that IG is likely better suited for those of you wishing to trade larger amounts. If you want to trade American stocks, things are priced slightly differently.

This is because you will pay 2 US cents for each stock that you trade. Albeit, this comes with a $15 minimum. Other stock exchanges come with different commission rates, so be sure to check this out. If you also want to trade other asset class, IG covers indices, ETFs, mutual funds, digital currencies, forex, futures, options trading and more. Best of all, non-stock CFD markets on this UK trading app can be accessed commission-free. In terms of the specifics, IG requires an accountminimum deposit of £250 to get started.

You can fund your account with a UK debit/credit card or bank transfer. However, if you are an iPhone user, you can only fund your account via the main website. Additionally, iOS holders will not benefit from mobile pricing alerts. Nevertheless, we should also note that IG allows you to trade via MT4. This is great for performing in-depth technical analysis and deploying advanced strategies. Finally, IG was launched in 1974 and is heavily regulated. Amongst many others, this includes an FCA license.

Want to learn more about the IG trading app? Check out our expert IG review.

Pros:

  • Trusted broker with a long-standing reputation
  • More than 17,000 markets listed
  • Over 90+ currency pairs supported
  • Leverage and short-selling also available
  • 0% commissions on forex trading
  • Access to dozens of international markets
  • Great research department

Cons:

  • Minimum deposit of £250
  • US stocks have a $15 minimum commission

There is no guarantee you will make money with this provider.

4. Capital.com – Best Stock Trading App UK for Beginners

Interested in trading stocks on your mobile phone but no idea where to start? If this is the case, we would suggest checking out Capital.com. The reason for this is that Capital.com is a super user-friendly mobile trading app that is perfect for newbies with little experience. The application has a clean interface and it is simple to find which stocks you wish to trade.

In addition to its user-friendly layout, Capital.com allows you to get started with an account minimum deposit of just £20. This will benefit those of you that are trading stocks in the UK for the first time, as you won’t be required to risk larger amounts. Take note, in order to benefit from the £20 minimum you’ll need to use a UK debit/credit card or an e-wallet.

UK bank transfers, on the other hand, will require a much higher deposit at £250. Plus, it will take a few days to arrive anyway, which is why you are off using the aforementioned payment options. In addition to its low minimum deposit amount, the Capital.com stock trading app also comes with a fully-fledged demo account facility. This means that you can practice trade until your heart’s content without risking a single penny. In terms of asset classes, Capital.com offers an extensive library of markets.

For example, you can trade heaps of stock CFDs from a variety of UK and international exchanges. Regarding the former, this even includes AIM shares. You can also trade indexes, cryptocurrencies, forex, and more. We also like Capital.com for its low fees. You won’t pay anything to deposit/withdraw funds and no commissions are charged when you trade. If you want to get started with this FCA-regulated stock app today, it takes just minutes to get set up.

Read our in-depth Capital.com app review here.

Pros:

  • Industry-leading spreads
  • 0% commission on all asset classes
  • Great selection of currency pairs
  • 24/7 trading
  • Clean and crisp mobile application
  • Deposit from just £/$20
  • FCA-regulated

Cons:

  • Minimum deposit of £250 when using a bank account

There is no guarantee you will make money with this provider.

5. Trading 212 – Buy, Sell, and Trade Stocks Without Paying Any Commission

Trading 212 stock app

Much like eToro, Trading 212 offers a mobile trading app that offers the full functionality of the desktop platform and all markets commission-free. This means that you won’t need to pay any share dealing fees when buying and selling shares, and no commissions when trading stocks. Regarding the former, you can purchase over 4,000 stocks and ETFs on the app.

This covers several UK and international exchanges. If you are more interested in trading stock CFDs, you’ll have access to even more marketplaces. On top of being a fee-free stock trading app, Trading 212 is a great option if you are new to the space. For example, you can utilize its demo account facility without even needing to open an account – let alone deposit funds.

This means that as soon as you download the app – which is available on iOS and Android devices, you can start trading straight away. We also like the fact that Trading 212 does not have a minimum deposit threshold in place. This means that if you decide to start trading stocks with real money, you can deposit as little as you like. In order to do this, you can choose from a UK debit/credit card, e-wallet, or bank transfer.

In terms of reviews available in the public domain, Trading 212 is highly rated. For example, the app holds a rating of 4.5/5 on Google Play. iOS users are even keener on the online trading app, with an Apple Store rating of 4.7/5. When it comes to safety, Trading 212 is licensed by the FCA. Furthermore, and perhaps most importantly, your funds are covered by the FSCS. This means that Trading 212 is not only a low-cost and user-friendly trading app, but completely safe, too.

Read our comprehensive Trading 212 app review to find out more about what this brokerage firm offers.

Pros:

  • 0% commission on all asset classes – including forex
  • No minimum deposit
  • Your money is protected by the FSCS and FCA
  • CFD trading is also supported – as is leverage and short-selling
  • Excellent reviews on Google Play and Apple Stores
  • More than 500,000 trusted clients
  • Stocks and Shares ISAs offered for tax-efficient savings

Cons:

  • Still relatively unheard of in the UK trading space
  • Limited fundamental analysis tools

There is no guarantee you will make money with this provider.

How to Choose the Best Stock Trading App for You

As we briefly noted earlier, there are dozens of UK stock apps to choose from at present. While having lots of choice is always a good thing, this does mean that finding a suitable provider can be a time-consuming process. For example, you need to look at everything from regulation, trading fees, ease of use, commissions, tradable stocks, customer support, and more.

To help clear the mist and ensure you only sign up with a stock trading app that meets your needs, below you will find the most important factors that you need to look out for.

Regulation

Even if your chosen UK stock app offers low fees and thousands of tradable shares – if it isn’t regulated by the appropriate bodies you should reconsider your interest. At the forefront of this is ensuring the stock app is licensed by the Financial Conduct Authority – which is the body responsible for regulating the UK financial sector.

In addition to an FCA license, you should also ensure that your funds are covered by the Financial Services Compensation Scheme (FSCS). This will cover your money up to the first £85,000 and investments up to £50,000.

User Experience

Attempting to trade stocks on a small mobile screen can at times be challenging. This is especially the case if you want to perform technical analysis while on the move. With this in mind, it is imperative that your chosen UK stock trading app offers an all-round seamless trading experience. Not only should this cover research, but the process of placing buy and sell orders.

eToro research

A lot of free stock trading apps don’t allow you to access to the main platform without first funding your account. This makes it difficult to know whether or not the app is user-friendly. This is why we suggest opting for eToro, as you have instant access to a demo account facility that comes pre-loaded with $100,000 in paper trading funds.

Tradable Stocks

It goes without saying that your chosen stock trading app gives you access to your preferred marketplace. For example, while most UK stock apps will give you access to the London Stock Exchange, what about the AIM? Additionally, you might want to dabble in a few US or Candian stocks, so again, you need to check this out before opening an account.

eToro stock app

In addition to the specific exchange and marketplace, you also need to check whether you are trading CFDs and investing in shares. For example, while the likes of eToro and Trading 212 give you access to both, Plus500 and Capital.com only cover CFDs.  In most cases, you can check this out from the provider’s website before signing up.

Fees

In or to buy, sell, and trade stocks via your chosen app – there is likely to be a range of fees that you need to factor in. This starts at the very offset when it comes to depositing funds. More importantly, you need to have a firm grasp of what trading commissions you’ll be required to pay. Apart from IG, all of the best UK trading app providers listed on this page allow you to trade stocks commission-free.

This means that the only fee applicable is that of the spread (and overnight financing fees for leveraged positions kept open after standard market hours). There is every likelihood that you will need to pay monthly fees, such as an inactivity fee, too. This is a fee charged when your account is marked as dormant – so be sure to check this out too.

Trading Tools & Features

UK stock investing apps come in various shapes and sizes. While some offer an abundance of features and tools, others focus on a more basic, ‘skin and bones’ service.

eToro copy trading

Some of the most notable trading features that we look out for when reviewing the best UK stock trading apps are:

  • Copy Trading: This is a feature dominated by eToro. It allows you to browse over 700,000 active traders and copy one that you like the look of. This allows you to invest passively and is especially ideal if you are a trading newbie.
  • Leverage: All of the UK stock investing apps listed on this page allow you to apply leverage. This falls in line with ESMA limits – meaning CFDs can be traded with leverage of up to 1:30.
  • Fractional Shares: If you are looking to invest in shares then you’ll likely want to ensure that your chosen app offers fractional ownership. This allows you to buy a ‘fraction’ of a share – which is great for investing small volumes.
  • Watch Lists: These can be customised so that you can easily keep track of financial instruments you’re interested in.
  • Economic Calculator: This is great for keeping tabs on the wider financial markets. The best UK stock apps will let you know when a company’s earnings report is due, alongside other important events.
  • Trading Calculator: Trading calculators are not only great for estimating how much you might make or loss, but also in terms of working out what fees and commissions you will incur.
  • Market Orders: In order to stocks via your chosen app, you need to place a buy or sell order. However, we prefer mobile trading apps that go one step further by offering a range of other order types – such as stop-loss, take-profit, and limit orders.

Once again, you check whether or not your chosen UK stock app offers your preferred feature or tool by checking out its website before opening an account.

Education, Research & Analysis

If you will be trading stocks via an app for the first time, it’s probably best to stick with a user-friendly provider. In doing so, you will likely have access to a range of educational materials. This might include guides on how to place orders and create a trading strategy, or regular webinars hosted by the app’s team of in-house active traders.

eToro research

When it comes to research and analyzing the stock markets, you’ll want access to several tools that will allow you to do this via the app. While charting and technical indicators are offered by several trading apps, you still need to ensure that this is conducive for smaller screens. Additionally, having access to real-time fundamental news in the form of a mobile notification is of great value.

Device Compatibility

Without intending to state the obvious, you need to check that your chosen stock app is compatible with your device. Not only this, but you need to ensure that the app compatible with your specific operating model is sufficient for your needs.

For example, if you’re looking for the best stock market apps for iPhone, you likely won’t want to pick IG. This is because the iOS version of its trading app does not support deposits/withdrawals or real-time pricing alerts.

At the other end of the spectrum, if you’re looking for the best stock apps for Android, eToro is likely going to be your best option. In fact, this is also the case for iPhone users,  as both versions of the app give you access to all main features and benefits – including its commission-free offering and copy trading tool.

Note: If you are in the 1% of users that falls outside of the iOS/Android spectrum, you likely won’t find a top-rated stock app for your device. If this is the case, we would suggest using eToro via your mobile web browser. This is because the mobile version of its site has been fully optimized for all phones and browsers.  

Payment Methods

Unless you are searching for a free stock trading app for its demo account offering, you will at some point need to deposit some funds. After all, the essence of trading is to make money. As such, it is important that your chosen UK stock trading app supports your preferred payment option.

If you want to benefit from an instantly credited payment method – you’ll want to choose from a debit/credit card or e-wallet. This is because stock investing apps typically take a few days to credit a UK bank transfer -even when it goes through the faster payments network.

Some of the best UK stock apps even allow you to deposit and withdraw funds via Google/Apple Pay.

Customer Service

Whether you’re an experience trading pro or a complete newbie – there will likely come a time where you need assistance on your account. If using a stock app, you’ll want to be able to contact a support member at the click of a button. This is why we prefer providers that offer live chat via the app.

If this isn’t offered, the next best thing is a telephone support number. This is because you will still be able to receive assistance in real-time. Failing that, you’ll need to elect for an email or support ticket.

How to Download a Stock App & Start Trading

Once you have chosen a UK stock trading app that you like the look of, the next stage is to open an account and make a deposit. if this is something that you have never done previously, we are now going to show you what you need to do. eToro is our pick for the best stock trading app in the UK, but the process remains similar across other brokers.

Step 1: Visit the eToro Website and Open an Account

Before downloading the eToro app you will first need to open an account. The process takes minutes and simply requires you to visit the eToro homepage and click on the ‘Join Now’ button. As is the case with all UK free stock trading apps – you will need to provide some personal information.

This includes your full name, date of birth, home addresses, and national insurance number. You’ll also need to provide and confirm your email address and mobile number.

Step 2: Download the App

Once you have opened an account, download the trading app directly from the eToro mobile website. This is crucial, as you can be 100% sure you are downloading the official app.

eToro app download

Step 3: Log In

Upon loading up the app on your phone, you will be asked to sign in. All you need to do is enter the username and password that you choose during the registration process.

eToro app open account

Step 3: Deposit Funds

Once you are logged into your newly created eToro account via the app, you will be asked to make a deposit. This needs to be at least $200 – which is about £160. As the platform only supports USD, you will incur a 0.5% FX conversion fee. However, you can claw this back when investing in UK stocks – as eToro does not charge any stamp duty!

Support payment methods include:

  • Debit Cards
  • Credit Cards
  • Paypal
  • Neteller
  • Skrill

You might notice that we have left out a traditional bank transfer. This is because it can take several days to arrive, so you are best advised to use one of the payment methods listed above.

Step 4: Buy/Trade Stocks

Once you have completed the deposit process it is time to buy or trade stocks via the app. All 1,700+ stocks hosted by eToro can be purchased in the traditional sense or traded via CFDs. The designation of the financial instrument is determined by the order that you place.

Put simply, if you place a buy order (meaning you think the stocks will increase in value) and do not apply leverage – you are investing in the shares. This means that you will avoid overnight financing fees. However, if you place a sell order and/or apply leverage, you will be trading CFDs – which does attract overnight financing.

Nevertheless, all you need to do now is search for the stock that you wish to buy or trade. Then, an order box will appear on your screen. This requires you to select from a buy or sell order, enter your stake (with leverage, if any), and then confirm the order.

Once you do confirm the order, your stock trading position will go live – commission-free!

Conclusion

By downloading a stock trading app to your phone – you can buy, sell, and trade shares no matter where you are located. The app also allows you to check the value of your stock positions at the click of a button – as well as ensure that you never miss a trading opportunity again. Crucially, you can typically use your chosen stock app in conjunction with the provider’s main desktop website.

Although we have given you five providers to choose from, we believe that eToro is by far the best UK stock trading app on offer. This user-friendly broker is regulated by the FCA and your funds are covered by the FSCS. You can trade over 1,700+ stocks on the app in a 100% commission-free manner. Best of all, you have the option of investing or trading on all supported shares.

You can get started with eToro right now by clicking on the link below!

eToro – Overall Best Stock Trading App UK with 0% Commission

75% of retail investor accounts lose money when trading CFDs with this provider.

FAQs

Which stock trading app is best for beginners UK?

Even if you have never traded stocks previously, eToro makes the process super simple. Not only is the app great for beginners, but you can trade and buy shares without paying any commission.

How do Beginners Trade Stocks UK?

Stock trading beginners typically start with a long-term buy and hold strategy. This means that you will be adding solid companies to your stock portfolio and keeping hold of the shares for several months or years. In doing so, you are less concerned with short-term volatility.

Can you trade stocks for free UK?

Yes, by using a stock app that offers a demo account facility - you can trade for free. However, it is important to remember that you are trading with 'paper funds' - meaning that you won't be able to make real money!

Are UK stock trading apps safe?

Yes, UK stock apps are safe - but only on the proviso that the provider is regulated by the FCA. An additional safeguard that you need to look out for is whether or not the stock app is covered by the FSCS.

What shares can you trade on a stock app UK?

This depends on your chosen stock app. For example, eToro allows you to trade 1,700+ stocks across 17 UK and international markets. On the other hand, some UK trading apps only allow you to buy shares listed on the FTSE 100.

About Kane Pepi

Kane Pepi is a British researcher and writer that specializes in finance, financial crime, and blockchain technology. Now based in Malta, Kane writes for a number of platforms in the online domain. In particular, Kane is skilled at explaining complex financial subjects in a user-friendly manner.