Investing applications have become increasingly popular in recent years across the UK and worldwide for a good reason. With just a few taps on their phone, almost anyone can gain access to the stock market.
But how does one start investing in this age of “no-broker” and digitalization? Investing-related apps have become very popular among professionals and beginners as they support an informative and user-friendly interface with promising results.
Investment apps have grown in popularity as a result of their versatility. Therefore, we have carefully curated a list of the best investment apps in the UK to help you trade stocks, invest swiftly with a real-time tract of your investments, learn about the markets, and more.
1. eToro
eToro is a social trading platform suitable for people who have just started with digital investment.
eToro is a bridge between the old and new worlds as it is one of the few platforms where investors may hold traditional assets like stocks and commodities alongside ‘new’ assets like Bitcoin.
Like some of its competitors, the app has a good mobile experience and offers zero-commission trades as a bonus.
2. Freetrade
Freetrade is a mobile trading app that allows you access to hundreds of UK and international stocks, ETFs, and investment trusts in various sectors and marketplaces throughout the world. The Freetrade mobile app is available for iOS and Android and features a simple and intuitive user interface. Beginners and seasoned investors alike will benefit from the software. With Freetrade, you can invest as little as £2 in fractional shares of even the most expensive US stocks. On Freetrade, there are no commissions on deposits, trades, or withdrawals (other charges may apply). FX rates are also used for US stocks at the spot rate plus 0.45%.
3. Betterment
Betterment is a company that provides AI-based advisor services. Betterment, an automated portfolio management software, may be the ideal option for you to maintain a low-cost, diversified portfolio of ETFs.
Betterment offers a solid platform that will help you automate your investments in a method that best meets your long-term goals and risk tolerance. It also has no account minimum, making it simple to get started. On the other hand, the pricing structure may be strange to people new to investing.
4. Acrons
Acorns are one of the most popular new generations of savings applications. Once you’ve put it up, you won’t have to pay much attention to it. When you connect a debit or credit card to your account, it will round up your purchases to the nearest dollar and invest the difference in one of many ETF portfolios.
Acorns build your portfolio based on the time you want to be retired (measured as age 59 12), getting more conservative as you approach closer to that age, which may or may not be acceptable for all investors. This tier also includes an FDIC-insured checking account with no monthly fees, fee-free access to thousands of ATMs, and early access to new products.
What to look for while choosing the right investment app?
You may be a novice to investing if you are here looking for the best investment app. That means you need a simple platform to use and a lot of educational resources with a good trust base.
However, because investing is a long game, you could be investing for 40 years or more if you are saving for retirement, and that’s why you will want an app that will grow with you. One should look for a platform that provides vital research tools, various account kinds, and reasonable costs, so you don’t feel obligated to transfer providers after you’ve progressed.
And while you may want an excellent app experience at the end when you register an account with an investment app, you unavoidably sign up for a lot more. That’s why it’s crucial to think about the company behind the investment app you’re downloading.
With our list of top-rated apps for investing in the UK, we hope we have made the decision-making a little easier for you.