Best apps for investing uk charge different types of fees. For example, some charge platform and management fees for DIY portfolios, while others charge transaction costs for shares and ETFs. Some platforms also make money by charging a buy-sell spread, which is the difference between the price of buying and selling an asset on a given market.
Investing with the right app is important because your money is at risk. That’s why you should choose an investment app with good customer support and competitive trading fees. It is also a good idea to find an app that offers a wide range of assets to trade, including stocks, ETFs, bonds, options, and futures. You should also consider the level of regulatory oversight that the broker is subject to.
Best Apps for Investing in the UK: Top Choices for 2024
The best investment apps for beginners will provide educational resources, such as trading tools, webinars, and economic calendars. They may also offer a mobile-friendly interface and an easy-to-use experience. Some apps even offer a social trading community, where you can copy the trades of other investors.
If you’re looking for an affordable investment app, check out eToro. Its mobile-friendly investment platform provides access to thousands of UK and international shares, ETFs, and investment trusts on a mobile phone or tablet. eToro also has low commission rates and waives 0.5% stamp duty for UK investors. In addition, the platform also supports dozens of popular cryptocurrency coins, such as Bitcoin and Ethereum. XTB is another top-rated investment app that offers low commissions and a wide range of assets to trade, such as commodities like oil, natural gas, gold, cocoa, and cattle.