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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 2024. We will discuss assets, payment methods, security, trading tools, fees, and other relevant aspects to consider when choosing the right platform for you.
76% 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 2024– 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 2024
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 $50 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.
Past performance is not an indication of future results.
Various methods are available for depositing funds with eToro via the app, including 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
76% 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. XTB– Investment App with Zero Commissions up to 100,00 EUR
With offices in over 13 countries and 15 years of experience, XTB is one of the world’s largest publicly traded online brokers. Over the years, it has gained popularity and a growing user base. With its wide range of investment products (stocks and ETFs) available in global markets, the company has experienced phenomenal growth; however, its incredible offerings, such as commission-free investing in stocks and ETFs, have also contributed to its growth.
A growing number of people are asking about which broker to choose to get started in investing. Retail and institutional investors can invest in stocks and ETFs through XTB, founded in 2002 under the name X-Trade. Having been supervised by major financial authorities, it has also always worked to gain investors’ trust so that its clients can trade with a regulated broker. By continuously improving its xStation trading application, XTB offers impressive options in terms of technology.
Pros:
For stocks and ETFs, there is no commission
You should invest in stocks and exchange-traded funds (ETFs)
All levels of training are available
Awarded trading solutions
Investment platform xStation
Cons:
There is a possibility that spreads will be above average depending on the asset.
Accounts inactive for over 12 months will be charged an inactivity fee of €10/$10 per month.
75.26% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.
3. AvaTrade– Great Investment App with Low Spreads
You might also want to take a look at AvaTrade. Founded in 2006, AvaTrade is a trustworthy, low-cost broker with an excellent reputation. Regarding regulation, AvaTrade is overseen by top-tier regulatory authorities, such as ASIC and the JFSA. By doing so, the platform ensures the safety of all traders.
There is a large selection of CFDs to choose from at AvaTrade, including stocks, currencies, commodities, and even cryptocurrencies. AvaTrade uses a 0% commission model, meaning that users avoid hefty transaction fees. Rather than incorporating fees into the spread, they are incorporated into the price. The spreads are usually around 0.13 points above the market rate in peak hours.
AvaTrade requires a $100 minimum deposit, which can be made via credit/debit card, bank transfer, or e-wallets like Skrill and Webmoney. For iOS and Android, AvaTrade offers a user-friendly mobile trading app that offers the same functionality as their web platform. F.X. traders will also find AvaTrade’s app ideal since it supports MetaTrader.
75.26% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.
4. Trade Nation– Regulated Investment App with fixed spreads
Under the brand name Core Spreads, Trade Nation was established in 2014 as a Forex and CFD trading broker. A name change was made 2019 to Trade Nation, which offers products such as Forex, CFDs, indices, commodities, metals, stocks, and bonds.
The broker offers services worldwide and operates local entities to serve traders in the UK, Australia, South Africa, the Bahamas, and other countries.
A wide range of clients worldwide benefit from the comprehensive financial solutions Trade Nation provides.
Pros:
A brokerage that is fully regulated
ASIC and FCA licenses and oversees
Deposits and withdrawals are free
Spreads fixed
Trading platform MT4
There is no minimum deposit required
Cons:
Regulations vary regarding trading proposals and conditions
75.26% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.
5. Admiral Markets– Reliable Investment App Since 2001
One of the largest Forex and CFD brokers, Admiral Markets has been operating since 2001 in investment financial services. The company operates offices in Cyprus, Estonia, and Australia while maintaining its headquarters in the U.K.
By providing transparent pricing and execution, Admiral Market aims to provide traders with access to functional software. With Admiral Markets, different banks and venues aggregate their liquidity into a single liquidity pool with low latency and high trading frequency.
Depending on the jurisdiction in which you trade, Admiral Markets uses a STP or NDD execution model.
Pros:
Service of the highest quality.
A legal defense position that cannot be disputed.
Teaching and learning capability (including online learning) with abundant, easily understandable materials for novice traders.
Withdrawals are convenient.
Cons:
Requote of asset prices.
Regulators of activity.
Trader’s initial deposits are manually negotiated during the withdrawal process.
75.26% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.
6. Pepperstone – One of the Most Popular Investment Apps Worldwide
As a broker of Forex and CFDs, Pepperstone was established in Melbourne in 2010. Having gained recognition worldwide as one of the best brokers in the industry shortly after its founding, the broker quickly rose to the top of the global Forex market.
Pepperstone expanded into the United Kingdom after many years of serving its client base from Australia. It became a globally recognized broker by registering with the Australian Securities and Investments Commission (ASIC) and the U.K. Financial Conduct Authority (FCA).
The broker Pepperstone is considered one of the best in the global market regarding ECN-type trading.
The popularity of Pepperstone in the foreign exchange market makes it one of the best brokers for trading. In its category, it is undoubtedly one of the best brokers in the world.
75.26% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.
7. Plus500 – A Really Good UK Trading App For Mutual Funds
With Plus500, you can trade a wide variety of asset classes across mobile and desktop applications, offering a user-friendly experience for traders worldwide. Plus500 traders benefit from its commission-free model, which allows them to take advantage of changes in global markets faster.
Plus500’s services are available in 32 languages, allowing investors from more than 50 countries to trade confidently. Additionally, segregated accounts ensure a wide range of order types and margin trading tools secure traders’ funds.
Plus500 offers an investment platform in addition to CFD markets. Its features include free market data, over 2,700 financial instruments, and 24/7 customer support. There are only a few countries where Plus500 Invest is available. In addition to TradeSniper, there is an innovative and user-friendly feature designed for trading futures. Trading E-Mini and Micro futures contracts and cutting-edge technology, professional customer service, and reliable clearing services are available. U.S. traders can use TradeSniper.
In addition to its steep learning curve, the Plus500 platform is designed to cater to more experienced traders who can research and analyze markets independently. Despite this, the Plus500 is highly rated by its users.
Pros:
Spreads are tight, and there are no commissions on buys and sells
Execution of orders is fast and reliable
Advanced analytical tools and real-time quotes
Up to 1:30 leverage
An unlimited and free demo is available
Tools for advanced analysis
Withdrawals are fast and secure
Cons:
Trading CFDs does not involve ownership of real assets or shareholder rights
Trading accounts are not available for corporations or businesses
75.26% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.
How To Use The eToro Investment App in 2024
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.
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.
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.
Step 4: Fund your account
When you open an account with eToro, you will be required to deposit a minimum of $50. 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.
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 $50.
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 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 $50, 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.
76% 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 $50 using a debit 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.
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