Anna Kors Business How to Choose an Investment App in the UK

How to Choose an Investment App in the UK

An investment app uk allows you to invest your money in shares, funds and even cryptocurrencies through your smartphone or tablet. These apps are designed for ease of use and offer a range of services that you would normally only get through a financial advisor or stockbroker. They can let you buy and sell shares, round up your spending and invest your change, or offer a passive income stream through peer-to-peer lending platforms like Zopa, Funding Circle, and Ratesetter.

When choosing an investment app, it’s important to check the app is regulated by the FCA and other relevant licensing bodies. If it isn’t, you could face potential issues such as being unable to claim compensation from the FSCS in the event of a problem.

Investing on the Go: Exploring the Top Investment Apps in the UK

It’s also worth looking at the range of markets and assets an app supports. Some trading apps focus on UK shares, while others specialize in trading foreign markets and assets. Some apps also offer leveraged CFDs and spread betting on a wide variety of markets.

eToro is one of the most popular investing apps in the UK, offering a wide range of global markets and a low minimum trade amount. It is particularly cost-effective for buying and selling UK stocks, with a 0% commission on all supported markets. In addition, it waives stamp duty on ISA investments.

Another budget-friendly option is Freetrade, which offers a range of UK and US shares at no charge. Its app is available for iOS and Android, and it boasts excellent customer reviews. Its pensions feature is a real draw, with customers praising its ability to automate savings and its easy-to-use interface.

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