This guide presents five highly rated mobile apps for trading stocks and shares in the UK. We assessed each app based on factors like available securities, fees, research tools, ease of use, and customer service. Whether you're a beginner seeking a simple, low-cost app or an experienced investor looking for comprehensive data and resources, there's an app that suits your needs. These intuitive mobile apps will elevate your stock trading experience.
Top Stock Trading App Overall: eToro
Considered the best overall stock trading platform for UK investors, eToro offers a user-friendly interface, low fees, and a social trading feature.
To get started, create an eToro account and fund it. eToro doesn't charge commissions for trades and has a small markup on spreads. You can trade over 800 stocks, ETFs, cryptocurrencies, indices, and commodities.
The key feature of eToro is its social trading platform. It allows you to view, follow, and copy the trades of experienced investors. By emulating successful traders, you can leverage their expertise and potentially achieve similar returns. However, remember that there are risks involved, and past performance doesn't guarantee future results.
eToro has a simple registration process, requiring only a name, email address, and password. They offer a user-friendly mobile app and a web-based platform, enabling convenient on-the-go trading. The app provides full functionality such as depositing funds, viewing your portfolio, and researching new trades.
In summary, eToro is an excellent and cost-effective stock trading app for both new and experienced investors in the UK. Its unique social trading feature sets it apart. Consider eToro if you're seeking an easy and affordable way to invest in the stock market.
Top Low-Cost Stock Trading App: Freetrade
If you want an affordable option to trade stocks and shares in the UK, Freetrade is an excellent choice. This free mobile app for iOS and Android allows you to buy and sell over 650 UK and US stocks and ETFs without commission fees.
To begin, download the Freetrade app, create an account, and fund it through a bank transfer or debit card deposit. Freetrade doesn't charge monthly subscriptions or inactivity fees. They generate revenue from interest on customer cash balances and margin lending.
One of Freetrade's standout features is its simple and minimalistic interface, perfect for novice investors. You can monitor stock prices, charts, and key metrics to identify potential investment opportunities. When you're ready to trade, you can place market, limit, and stop-loss orders directly through the app.
Freetrade also offers an affordable premium subscription called Freetrade Plus. Subscribers enjoy an expanded range of stocks and ETFs, as well as pre and post-market trading hours access. The Plus plan starts at just £9.99 per month.
Overall, Freetrade is an excellent choice for commission-free stock market investing in the UK. Its straightforward and powerful mobile app allows you to gradually build a balanced portfolio of UK and US stocks and ETFs. Freetrade is ideal for new investors seeking an affordable and user-friendly platform.
Top Stock Trading App for Beginners: Trading 212
Trading 212 is a highly popular stock trading app for beginners in the UK. It offers a user-friendly platform with zero commission fees on trades.
Simple and Intuitive Interface
The Trading 212 app features a straightforward interface that's easy to navigate. It provides live price data, charts, watchlists, and educational resources to support newcomers. The app is available on iOS, Android, and web browsers.
Wide Selection of Assets
Trading 212 offers access to thousands of stocks on major exchanges like the London Stock Exchange and New York Stock Exchange. You can also trade commodities, cryptocurrencies, forex, and ETFs. Whether you prefer well-known FTSE 100 companies or smaller AIM listed stocks, Trading 212 has diverse options.
Practice with a Demo Account
Before investing real money, use Trading 212's free demo account to practice trading in a risk-free environment. The demo account comes pre-loaded with £50,000 virtual funds, allowing beginners to gain confidence and skills before entering the market.
Low Fees
Trading 212 doesn't charge commissions or fees on stock, ETF, or options trades. There may be small markups on spreads, exchange fees, and currency conversion fees for trading in other markets. The absence of trading fees makes Trading 212 an excellent choice for beginners with smaller capital.
In conclusion, Trading 212 is an outstanding stock trading app for novice investors in the UK. Its user-friendly interface, extensive asset selection, demo account option, and zero fees provide beginners with essential tools to learn and trade confidently.
Top Stock Trading App for Experienced Investors: IG Trading
For experienced investors seeking active stock trading, IG Trading offers a robust platform with advanced tools and resources.
Comprehensive Market Access
IG Trading provides access to over 15,000 global markets, including shares, indices, forex, commodities, cryptocurrencies, and options. You can trade on major exchanges in the UK, Europe, US, Asia, Australia, and the Middle East. With tight spreads and fast execution, IG Trading caters to active traders.
Advanced Trading Platform
The IG Trading platform features an intuitive interface with customizable charts, alerts, and risk management tools. It offers in-depth market analysis, news, and research to inform your trading decisions. The web-based platform allows trading from any device, anywhere. For advanced strategies, the platform supports automated trading via APIs.
Competitive Fees
IG Trading employs a tiered fee structure based on trade volume and frequency. Fees start at £5 per trade, and very active investors can enjoy rates as low as £1 per trade. Share, ETF, and stock index trades on IG Trading don't incur commission charges. Opening or maintaining an account is also fee-free. This transparent pricing is appealing to serious investors.
Additional Resources
IG Trading provides valuable resources for experienced traders, including webinars, video tutorials, trading courses, and daily financial news and analysis. Beginners can open a demo account with £10,000 of virtual funds to practice trading without risk. This allows testing of strategies before committing real money.
In summary, IG Trading offers a range of tools, resources, and competitive fees that experienced investors will appreciate. It's the top choice for UK traders, combining market access, advanced platforms, and educational resources.
Best Stock Trading App for Automated Investing: Moneyfarm
Moneyfarm is a popular stock trading and automated investment app in the UK. It allows you to invest in the stock market using passive funds and ETFs through a robo-advisor. The app builds a customized portfolio based on your financial goals and risk tolerance.
Moneyfarm handles all investment management tasks, including rebalancing, dividend reinvesting, and tax optimization. As an investor, you only need to fund your account, select a comfortable risk level, and monitor your portfolio. The app is user-friendly and suited for hands-off, long-term investing.
To begin with Moneyfarm, complete a brief quiz to determine your investment objectives and risk profile. Based on your needs, the app recommends a portfolio allocation across stocks, bonds, and other assets. You can adjust the suggested portfolio or let Moneyfarm manage it. Investments can be made in taxable general investment accounts (GIAs) or tax-advantaged Stocks and Shares ISAs.
Moneyfarm charges an annual management fee based on portfolio size, starting at 0.7% for portfolios under £20,000. Fees decrease for larger account balances. The app doesn't impose trading commissions, exit fees, or custody fees. Moneyfarm is regulated by the UK's FCA to ensure proper fund management and customer asset protection.
For hands-off investors seeking a simple way to invest in the stock market, Moneyfarm is an excellent choice. The app offers tailored portfolios, automatic rebalancing, and low fees. Moneyfarm manages investments, allowing you to relax while your wealth grows over time. Overall, Moneyfarm is a top stock trading app for long-term, automated investing in the UK.
Conclusion
Whether you're new to trading or an experienced investor, using a stock trading app on your mobile device provides a convenient way to monitor the markets and your portfolio. With numerous options available
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