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Innovations in the tech industry mean that it is now possible to manage all aspects of our lives while on the go. In addition, it has also been made simpler to have control of our investments at any time due to the availability of multiple applications dedicated to investing into the financial markets.

This review will guide you through the best investment apps UK to consider in 2022. We will discuss assets, payment methods, security, trading tools, fees, and other relevant aspects to consider when choosing the right platform for you.

Best Investment Apps UK – List

  1. eToro – Overall Best Investment App UK
  2. Alvexo – Outstanding Investing App UK With A Wide Range Of Supported Markets
  3. Skilling – Excellent Investment App With A Modern Trading Interface For UK Traders
  4. Margex – Best Investment App UK For Crypto Derivatives

78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Investment Apps UK 2022– Reviewed

As you might know, selecting a suitable investment platform for your needs is difficult, considering the number of options in this market today. Nevertheless, the following are our picks for the best investment apps available for investors in the UK to shed some light on the matter.

1. eToro – Overall Best Investment App UK For 2022

Investing app uk There are several reasons why eToro is the best investment and trading platform on the market. First, with a wide range of asset classes covered by eToro, its platform is easy to use and intuitive for investors with all levels of experience. All you need to do is sign up and deposit $10 in your account after setting up an account – which takes just a few minutes.

There are thousands of financial markets available through the eToro app. This app is available on iOS and Android devices, making it one of the leading apps on the market for stock trading. For instance, more than 2,500 stocks from a dozen exchanges are included.

It is also possible for eToro clients to buy cryptocurrency using the investment app that offers an eToro trader account. There are over 70+ tokens supported in the ecosystem. When it comes to making investments in cryptocurrencies via the eToro app, those looking to do so will pay a fee of just 1%, along with a market spread on entry and exit.

Regarding trading tools, eToro has a lot to offer. The first thing you will notice about it is that it offers a passive investment tool known as copy trading.

With this feature, you will access thousands of verified traders who use the eToro platform for professional trading purposes. eToro users can choose their preferred trader to copy, and then the account’s portfolio will automatically be updated with all the investments they make in the future. The most popular feature of this platform is that it has no additional fees, and there is just a $200 investment requirement per trader.

eToro also offers Smart Portfolios as another feature that is popular with users. As part of eToro’s brokerage platform, Smart Portfolios offer professional management, and they are all based on a specific market. As a result, it is possible to invest in Smart Portfolios that can offer exposure to stocks from niches such as renewable energy, big technology, and autonomous vehicles, for example.

Various methods are available for depositing funds with eToro via the app, including PayPal, Neteller, WebMoney, and Skrill. As far as regulation is concerned, the eToro investment app in the UK is regulated by the Financial Conduct Authority (FCA). Overseas traders will appreciate regulations from ASIC, CySEC, and the SEC.

Pros:

  • Overall best stock trading platform
  • No commissions are charged on thousands of US and international stocks
  • ETFs and crypto also supported
  • Deposits and stakes start at just $10
  • Smart portfolios and copy-trading are supported
  • Highly rated mobile app

Cons:

  • High-frequency trading is not suitable

78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. Alvexo – Outstanding Investing App UK With A Wide Range Of supported Markets

Best investing app uk As a trusted international exchange, Alvexo can provide you with the high level of sophistication and expertise you need to outperform the market in a sophisticated way. With a platform specializing in CFDs, users can take advantage of short-selling and leveraged trading on top of a wide range of investment options.

Most experienced investors can choose between two trading platforms. As well as supporting MT4, Alvexo offers a web trader browser-based platform with a fast execution rate and charting tools that allow users to conduct advanced technical analysis. There is also an option to receive daily, weekly, and monthly trading signals, educational courses, and webinars that teach traders how to trade.

There are many different types of accounts that Alvexo offers. If you deposit at least £10,000, you will be able to access spreads as low as 1.8 pips and will be able to use the Alvexo Plus platform for 180 days. A minimum account balance of £500 is needed to open a classic account, which offers spreads from as little as 2.9 pips. The company offers shares, forex, commodities, and index CFDs.

The Financial Services Authority of Seychelles regulates Alvexo, which is operated by HSN Capital Groups, which has license number SD030. PayPal, Apple Pay, Google Pay, and Skrill are some payment methods accepted on the exchange, along with Visa and Mastercard.

Pros:

  • A variety of trading platforms
  • Resources for beginners and advanced traders
  • Get trading signals and market analysis every day

Cons:

  • Inactivity is subject to a small fee

75.26% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.

4. Skilling – Excellent Investment App With A Modern Trading Interface For UK Traders

Best investment app uk Skilling is one of the world’s leading CFD and forex trading brokers with significant experience in this field. Besides a wide range of 70 currency pairs, which are among the most popular in the market, there are also other minor and somewhat exotic ones to invest in. In addition, 800 different assets can be traded as CFDs in the exchange’s portfolio, such as stocks, forex, cryptos, commodities, or indices.

If you wish to trade on the go, it offers an easy-to-use mobile application and an attractive proprietary trading platform called Skilling Trader.  The sophisticated platform also provides a wide range of trading opportunities to more experienced traders, who can perform complex technical analyses and strategies the way they wish with the abundance of available trading opportunities.

Skilling also offers the Copy Trading feature, so new traders can benefit from this feature. Using it, it’s possible to copy the trades that more experienced traders execute.

Traders can choose from the Standard, Premium, MT4, or MT4 Premium accounts. Each of these features a different minimum deposit requirement and has different features. For instance, with the Premium account, you can trade with spreads as low as 0.1 pip and have full support for micro lots of trading. In addition, all accounts have negative balance protection, making them ideal for beginners just starting.

The depositing and withdrawing of funds on Skilling are both free of charge. It is regulated by the Cypriot CySEC and the Seychelles Financial Services Authority.

Pros:

  • Provides a proprietary platform of exceptional quality
  • Tools for advanced research and analysis
  • There are more than 800 trading instruments available
  • Suitable for both beginners and professionals
  • An international broker with a global presence
  • Exceptional customer service

Cons:

  • There is a lack of educational tools
  • There is no MT5 available

66% of retail investor accounts lose money when trading CFDs with this provider.

5. Margex – Best Investment App UK For Crypto Derivatives

UK investing app Since the launch of Margex in 2020, it has become one of the most popular cryptocurrency derivatives trading platforms. Even though it is still relatively new, it has already established itself as one of the most reliable operators in the industry, offering a professional trading environment that is simple enough for even beginners to understand.

This may be considered a disadvantage for a platform that only offers six trading pairs but claims it only offers liquid assets without price manipulation.

They specialize in trading with leverage up to 100x. In addition to perpetual futures, they offer profit and stop-loss orders with the same maximum leverage. If you lose a position, you only lose the funds associated with the position, which allows you to open multiple positions on a single trading pair with different leverage if you wish.

They also have one of their advantages in the form of a very lucrative referral program in which anybody can become a member. When you refer your friends, you will receive a 40% of their trading commissions.

Margex’s fees are relatively low compared to the fees related to most of the trading platforms available: for each trade, you’ll have to pay 0.019% in maker fees and 0.06% in taker fees. Among all the trading pairs, the biggest difference in fees occurs in the form of funding rates, whereby each trading pair charges a fee every eight hours, ranging from 0.012% to 0.110%.

Pros:

  • For crypto trading pairs, the platform offers high leverage
  • Trading pairs with high liquidity
  • Price manipulation is rewarded on exchange platforms
  • Customers are provided with fast customer service

Cons:

  • Limited crypto investment portfolio

Your capital is at risk.

How To Use The eToro Investment App in 2022

At this step in our guide, you may have found a UK investing app that meets your needs, but you don’t know how to begin. We will walk you through the process of creating a trading account on eToro, our top-rated investment app. Despite this, using any provider you choose is possible since the process is virtually similar across all platforms.

Step 1: Download the mobile app

First, you must access the eToro website on your mobile web browser and download the eToro mobile application to get started. The app is available for both Android and iOS devices.

Investing app uk

Step 2: Create an account

Once there, it is very helpful for the beginning trader to establish an account with eToro in the same manner as with all online brokers. As soon as you click on the ‘Join Now’ button, you will be brought to a registration form, as seen in the image below.

During the process, you will be required to pick a username and a password for you to use to log in to your account. Your email address will also be required.

Investment apps uk

Once you have clicked the ‘Create Account’ button, you will be asked to enter a few additional details about yourself. Please include your nationality, residential address, date of birth, and full name.

You will also be required to enter the number of your mobile phone. For this purpose, eToro will send a unique SMS code to your device – which must be entered to complete the registration procedure.

Step 3: Verify your ID

There is a process known as Know Your Customer (KYC) used by all online brokers that are regulated to operate in the UK. Essentially, this means that brokers like eToro can ensure that you are who you say you are and stay in compliance with laws regarding money laundering by verifying your identity.

Verifying your account is a straightforward process. Several proofs of identification, such as a passport or a government-issued document, can be uploaded along with proof of address – such as a recent utility bill or bank statement. After the eToro verification team has processed your documents, the process usually takes no more than 24 hours.

Best investing app uk

Step 4: Fund your account

When you open an account with eToro, you will be required to deposit a minimum of $10. PayPal, Neteller, or Skrill are all electronic payment options you can use to make your deposit.  You can also use the bank transfer option if you deposit at least $500.

Best investment app uk

Step 5: Practice with a demo account

With demo trading, you can practice without putting any real money at risk. Users can access over 3,000 markets and are provided with $100,000 in virtual funds to trade with their demo account.

Additionally, you will be able to use many of the same features as live trading accounts, but you won’t have to worry about performing well in the market since it has no pressure attached.

What Is The Best Investment App For Newbie Investors?

According to our criteria, eToro’s investment app is rather user-friendly, which is why the broker is ideal for beginners due to its comprehensive and straightforward interface. As well as that, eToro only requires you to make a deposit and stake of only $10 – or around £8 at the time of writing.

Additionally, the platform offers low-cost markets on commodities, forex, and indices, along with thousands of commission-free stocks and ETFs. Also, the exchange is regulated by the FCA and covered by the Financial Services Compensation Scheme.

Are Investment Apps Safe To Use?

There is no risk to using investment applications, just like using a brokerage firm’s website to do your investing. These apps rely on industry-standard tools and protocols to keep your data safe.

Furthermore, the best investment apps in the industry are heavily regulated to ensure they function properly. Having an app licensed and approved by the FCA means that investors have the peace of mind knowing they are trading in a safe and secure environment.

A wide variety of regulatory guidelines must be adhered to by licensed investment apps, especially regarding Know Your Customer regulations.

Investment App Key Features

Regulation and security

Looking at the broker’s credentials is the first step in determining whether or not the investment app you have chosen is safe to use. An integral part of this would be having a full-fledged brokerage license from the Financial Conduct Authority (FCA). If the FCA does not regulate the underlying broker, you should stay away from it.

Working with a licensed broker has some advantages because they are regulated by the FCA and must store your funds in a separate bank account from your own.

Furthermore, the brokerage firm must comply with the UK anti-money laundering regulations. Therefore, before you can withdraw your funds, you will need to upload a form of identification before they can do so. Last but not least, an FCA-regulated investment application is required to present investors with a clear understanding of the risks involved when investing.

Fees

In the UK, users can take advantage of the leading investment apps to trade more efficiently with fewer commissions and fees. By comparing the prices of several brokers, users can find a suitable exchange with a straightforward pricing structure that suits their needs.

Payment and withdrawal methods

Once you have determined the broker’s regulation and what the broker’s fees are, the next thing that you need to do is to determine what options it accepts for payment methods. Generally, the best investment apps UK will accept debit cards/credit cards and bank account transfers as payment methods for their services in the vast majority of cases.

For deposits over 10,000, a bank transfer is a better option, as it is more suitable for larger deposits. The deposit of your bank wire funds may take up to three business days, depending on your broker. However, if you make an instant bank transfer, the funds can be credited to your account within two hours after you have made it.

Asset variety

A low-cost investment app that covers the financial markets you’re interested in trading will be a good choice based on your risk tolerance level and investment goals. When it comes to mitigating the risk and effect of fluctuations in market conditions, it is highly recommended that you build a diversified asset portfolio.

Demo accounts

It is a good idea to sign up for a demo trading account to understand how your chosen investment app works. The great thing about UK investment apps is that most offer demo facilities, which enable you to trade assets just as you would if you were trading on real but without committing any real money to your trades.

Using a demo account is one of the best ways to determine if your chosen broker is a good fit for you and develop a strategy for investing. If you want to practice risk management with a demo, you should treat it as if you were dealing with real money.

Social trading

Social trading is often considered a great choice for beginners seeking investment apps because following the decisions of more experienced traders can often make it easier for them to learn what to do with their investments.

You can also track your performance on most social trading platforms. This feature makes it easy for you to keep track of copies of trades and profits resulting from these trades. It is possible to copy trades from different assets and create a portfolio of the best traders on each network by copying their trades. As a result of social trading platforms, you can spread your money across different investment options while benefiting from the expert knowledge of others.

Research and analysis tools

The decision-making process for experienced traders is influenced by a combination of real-time quotes, advanced charting tools, technical indicators, and fundamental data. There is no difference between the most reliable investment apps UK and their desktop counterparts regarding functionalities. By getting access to cutting-edge trading tools and useful research via your mobile device, you will be able to analyze financial markets conveniently.

Best Investment App UK – Conclusion

Throughout this guide, we have compared the best investment apps you can find on the market today. During our search, we looked for platforms that provide access to a large selection of markets and appropriate trading tools at competitive fees. Even though there are many investment apps to choose from, we found that the best app is one offered by eToro.

Getting started with an account with eToro will only take a few minutes. The minimum stake for eToro is $10, and with its user-friendly platform, you can invest in over 5000 instruments without worrying about your funds since the company has taken assertive measures to protect them.

As a bonus, you can also invest in copy trading tools with this app and have your capital pumped into a smart portfolio supervised by experts.

78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

FAQs

What is the best investment app?

Many investment apps are available today, but eToro stands out from the rest thanks to its small account minimums, fractional trading, and extremely low fees. There are also copy trading tools available in its iOS and Android app.

How to trade stocks for beginners using an app?

If you are a beginner, you must choose a broker regulated by a top-tier agency to ensure that your investment is secure. For example, if you want to buy stocks on eToro, you must register and upload your identification and deposit a minimum of $10 using a debit/credit card, an e-wallet, or a bank transfer. As soon as you have found the stock you wish to invest in on eToro, you must search for it on the site and enter the amount you wish to invest.

Is eToro safe?

Yes, of course. The eToro platform is regulated by several global financial authorities, ensuring it is free of fraud or collapse. The Financial Conduct Authority (FCA) regulates eToro in the United Kingdom. Furthermore, the company has additional insurance in place to ensure that the clients do not suffer any loss.

What is an investment app?

It is best described as the apps that exchanges provide to users as a way to buy/sell assets and invest in them. Aside from helping you to check positions and place orders, investment apps also allow you to conduct research.

Omar Ortiz
Omar Ortiz

Radio producer, interested in international media, long-distance communications, technology, and world cultures.