Best Investment Apps UK – 5 Best Investment Apps For Beginners in 2021

Investment apps allow you to buy and sell assets via your phone – so you’ll never be more than a couple of clicks away from the financial markets. The best investment apps in this space give you access to thousands of financial instruments at low fees – covering the likes of stocks, ETFs, forex, and cryptocurrencies.

In this guide, we review the best investment apps UK for 2021 and walk you through the process of opening an investment account in less than five minutes.

#1 Investment App UK – eToro

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  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
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Best Investment App UK – Top 5 List

Below you will find a list of the very best investment apps in the UK.

  • eToro – Overall Best investment app UK
  • Capital.com – Best investment app in the UK for Beginners
  • AvaTrade – Best UK investment app for Research and Analysis
  • Pepperstone – Best UK investment app for ZERO Spread Accounts
  • Plus500 – Best UK investment app for Asset Diversity

Looking for a full review of the above UK investment app providers? If so, scroll down!

Best Investment Apps UK – Full Reviews

Choosing the best investment app UK for your personal needs and financial goals can be a time-consuming process. After all, you need to research core metrics surrounding fees, tradable assets, user-friendliness, regulation, and customer service. If you’re an experienced trader – you might also look for technical indicators and chart drawing tools, market insights, and fundamental research.

To save you from having to perform countless hours of research yourself – below you will find a list of the best UK investment apps in the market right now.

1. eToro – Overall Best Investment app UK for 2021

etoro review We personally reviewed in excess of 50+ providers and found that eToro is by far the best investment app UK for 2021. Crucially, the app ticks all-important boxes – such as those surrounding regulation, ease of use, asset diversity, and fees. Starting with safety, eToro is regulated by the FCA – which is the overarching authority that monitors the UK financial services industry. The investment app is also covered by the FSCS – meaning that you are covered up to the first £85,000 in the unlikely event that eToro went bust.

Moving on to asset diversity, eToro is home to thousands of financial instruments – so you’ll never struggle to find a suitable asset. For instance, you will find over 2,500+ stocks and ETFs on the eToro investment app. This covers 17 stock exchanges – which includes markets in the UK, US, Europe, Asia, the Middle East, and more. Not only can you invest in stocks and ETFs without paying any dealing fees – but eToro waivers stamp duty tax. This will save you a further 0.5%.

etoro app review

eToro also offers cryptocurrencies like Bitcoin, Ripple, Uniswap, and Litecoin – alongside commodities such as gold, silver, oil, and wheat. You can also trade dozens of forex pairs and indices like the FTSE 100 and Nasdaq Composite. These financial markets can be traded on a spread-only basis – so again, you will benefit from extremely low fees. What we also like about this top-rated UK investment app is that you can purchase fractional assets. In the case of stocks and ETFs – you can invest from just $50 (about £36) – irrespective of the asset’s current market price.

Cryptocurrency investments are even more conducive for small budgets – as the minimum is just $25 (about £18). Now that we’ve covered regulation, asset diversity, and fees – we can talk about the eToro Copy Trading tool. In a nutshell, this permits passive investing – as you get to copy an eToro trader that you like the look of. Everything is proportionate to the amount you invest. For instance, if you invest $1,000 into a trade and they allocate 10% of their portfolio into HSBC shares – you will invest $100 into the banking stock.

etoro app review

In terms of getting started, you will first need to open an eToro account – which takes minutes. You can then make a deposit with your debit/credit card or bank account. E-wallets are also supported – which is inclusive of Paypal and Skrill. The eToro investment app itself is available to download for free and it is compatible with Android and iOS devices. The minimum amount to get started is $200 – or about £145). After that, you can add funds to your account at a minimum of just $50.

Pros

  • Invest in cryptocurrencies on a spread-only basis
  • Top-rated cryptocurrency wallet app on Android and iOS
  • Minimum investment per trade from just $25
  • Supports debit/credit cards, e-wallets, and local bank transfers
  • Regulated by the FCA, CySEC, and ASIC
  • Used by over 20 million people
  • Perfect for beginners
  • Social and copy trading tools

Cons

  • Perhaps too basic for technical traders
  • No support for MT4 or MT5

67% of retail investor accounts lose money when trading CFDs with this provider.

2. Capital.com – Best Investment App in the UK for Beginners

capital.com review Capital.com is one of the best investment apps UK for those that are just starting out in the online investment arena. The mobile app – which is available to download free of charge on iOS and Android devices, has been designed with the Average Joe trader in mind. In other words, the process of finding your preferred market and subsequently placing a buy or sell order can be achieved without needing to have any prior experience.

You can trade thousands of markets on the Capital.com app – which includes over 130 forex pairs – which covers all majors and minors and heaps of exotics. You can also trade indices, ETFs, and commodities. With that said, the Capital.com investment app really stands out when it comes to its stock CFD department. This is because you can trade over 3,600 individual shares from almost 20 UK and international markets. Regarding the former, not only does this include top FTSE 100 and FTSE 250 stocks, but companies listed on the UK’s secondary market – the AIM.

capital.com review

In terms of fees, Capital.com is extremely competitive. For example, you won’t pay any fees to deposit or withdraw funds, and spreads are often industry-leading. Additionally, Capital.com is a 0% commission investment app – so it’s only the spread that needs to be covered. Spread betting facilities are also available to those based in the UK – which is inclusive of leverage and short-selling capabilities. What we also like about the Capital.com investment app is that account minimums are very low.

In fact, if you proceed to deposit funds with a debit/credit card or supported e-wallet – the minimum is just £20. If electing to transfer funds from your bank account, the minimum increases to £250. If you want to test-drive the Capital.com investment app before making a deposit, you can do this by creating a demo account. This comes at no cost and will mirror the live financial markets. As such, you can practice your day trading enedevours without risking any money. Finally, Capital.com app is regulated by the FCA – so you are in safe hands.

Pros

  • Top-rated spread betting and CFD broker
  • Regulated by the FCA
  • Minimum deposit just £20 (debit/credit cards and e-wallets)
  • 0% commission on all markets
  • Tight spread and no deposit/withdrawal fees
  • Thousands of financial markets supported
  • Great for beginners

Cons

  • Advanced traders might find the platform too basic
  • Minimum deposit of £250 on bank transfers

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67% of retail investor accounts lose money when trading CFDs with this provider.

3. AvaTrade – Best UK Investment App for Research and Analysis

avatrade review AvaTrade is a hugely popular online CFD broker and spread betting platform that is regulated in seven jurisdictions. The platform is used by millions of traders around the world – many of which are based in the UK. There are many reasons why we like AvaTrade and its top-rated investment app – especially when it comes to research and analysis.

For instance, the AvaTradeGO app allows you to perform technical analysis via indicators, screeners, and chart drawing tools. Even though you will be performing analysis via a small screen – the app has been fully optimized for both iOS and Android operating systems. This popular UK investment app is also good for keeping abreast with the financial markets – as you will have access to real-time news and insights. In terms of supported markets, AvaTradeGO covers various asset classes.

avatrade review

This includes a good selection of international stocks, currencies, indices, and precious metals. You can also trade energies like oil and natural gas. If you have a bit of experience in the online trading scene – you might even consider trading futures and options on the AvaTrade app. Irrespective of the markets you decide to speculate on, AvaTrade is a 0% commission broker across the board. In a nutshell, this means that the only trading fee you need to factor in is that of the spread.

Generally, the spread at AvaTrade is very competitive when trading major asset classes during standard market hours. You won’t be required to pay any transaction fees either – as deposits and withdrawals are free. The minimum deposit required on the AvaTradeGO app is £100 – which you can fund with a Visa or MasterCard. Bank transfers are also supported but this is not processed instantly – so you might need to wait a couple of days. Finally, AvaTrade also offers a spread betting facility – which allows you to trade without paying any stamp duty or capital gains tax.

Pros

Cons

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at eToro, UK’s #1 Broker

67% of retail investor accounts lose money when trading CFDs with this provider.

3. Pepperstone – Best UK Investment App for ZERO Spread Accounts

peppertstone review If you’re a day trader that seeks access to thousands of financial markets alongside low fees and spreads – look no further than Pepperstone. This provider – which is authorized and regulated by the FCA – offers two core accounts – each of which will appeal to a certain type of trader. The first is the 0% commission account – which comes with a minimum spread of 1 pip.

This account will suit those that wish to trade casually and with small amounts. If, however, if you are an experienced trader that actively enters and exits positions throughout the day – you might want to consider the raw spread account. Put simply, this allows you to trade alongside other market participants. As a result, major markets will often come with a spread of 0 pips. You will need to pay a small flat commission per slide of $3 on this account type – or about £2.

peppertstone review

In terms of the platform itself, Pepperstone actually doesn’t offer a proprietary mobile app. On the contrary, the broker is compatible with three third-party platforms that each offer a top-rated application of their own. This is inclusive of MT4, MT5, and cTrader – all of which are compatible with Android and iOS devices. Once you have figured out which third-party investment app is right for your goals, you can then process to open an account with Pepperstone.

This should only take you a few minutes and will simply require some personal information. The minimum deposit to get started is just £100 and you fund your newly created account instantly with a debit or credit card. In terms of supported markets, this top-rated UK investment app specializes in leveraged CFDs. Pepperstone gives you access to hundreds of stocks from multiple exchanges, indices, forex, and commodities. Finally, Pepperstone offers leverage on all account types – in line with FCA regulations.

Pros

Cons

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at eToro, UK’s #1 Broker

67% of retail investor accounts lose money when trading CFDs with this provider.

5. Plus500 – Best UK Investment App for Asset Diversity

plus500 review While many traders in the UK like to focus on a specific asset class like stocks or ETFs – some prefer to have access to a highly diverse range of financial markets. If the latter sounds like you – then the Plus500 investment app is well worth a look. First and foremost, Plus500 is a trusted CFD provider that is Plus500UK is authorized and regulated by the Financial Conduct Authority (FRN 509909).

As such, you can trade with confidence when using the Plus500 investment app. In terms of asset diversity, Plus500 covers every financial market imaginable. For example, you can trade stock CFDs from multiple regions – including the UK, Africa, Europe, North America, and more. You can also trade CFDs in the form of precious metals, energies, agricultural products, and indices like the FTSE 100 and Dow Jones. Other markets that are supported by the Plus500 app include ETFs, futures, and forex. This top-rated investment app is very competitive in the fee department.

plus500 review

Crucially, this is because you won’t be required to pay any trading commissions when you enter buy and sell orders. Spreads are typically very tight too – and GBP deposits and withdrawals are processed fee-free. Although you will need to meet a minimum deposit of £100 to start trading with real money – you can also utilize the free demo account. This mirrors the live financial markets – subsequently allowing you to get a feel for the Plus500 app without risking any capital.

Another key feature of the Plus500 UK investment app is that you will have access to leverage on all supported markets. This follows FCA regulations – which means the maximum amount of leverage available is 1:30 – which you get on major forex pairs. Other markets come with lower limits. For instance, while you can get up to 1:20 on gold, stocks attract a maximum limit of 1:5. Nevertheless, as you will be trading CFD instruments on the Plus500 app – you can attempt to profit from both rising and falling markets. This is because you can choose from a buy or sell position.

Pros

Cons

Get investment app

at eToro, UK’s #1 Broker

67% of retail investor accounts lose money when trading CFDs with this provider.

 

How to Choose the Best UK Investment App

It’s always a good idea to do your own research when searching for the best investment app UK for your personal requirements. After all, no-two investment apps are the same.

On the one hand, the research process is often a daunting and time-consuming one – as there are many variables that you need to take into account. With that said, you can fast-track the process by following the quickfire checklist outlined below

Licensing and Regulation

Make no mistake about it – it’s crucial to only select investment apps that are safe and secure. By this, we mean that the app should be authorized and regulated by the FCA.

Additionally, FCA-regulated investment apps like eToro are also covered by the FSCS. As noted earlier, this covers you up to the first £85,000 in the event of a brokerage collapse.

Supported Asset Classes

Not all investment apps in the UK give you access to an abundance of financial markets. On the contrary, the app might focus exclusively on a single asset – like UK stocks. This is why you need to explore what markets the investment app offers before proceeding to open an account.

best investment apps UK

eToro, for example, supports everything from stocks, ETFs, and forex to cryptocurrencies, commodities, and indices. This ensures that you can facilitate all of your investment needs through a single investment app account.

investment app Fees

Fees vary widely in the UK investment app arena. Not only in terms of how much you will pay – but on what account functions you will be charged. The main fees to look out for when searching for the best investment app UK are as follows:

As you can see from the above, understanding how much your chosen UK investment app charges in fees can be complex. But, it’s a crucial component to grasp before signing up nonetheless.

Customer Service

Our review team found that the best investment apps in the UK offer a top-rated customer support team. This is typically inclusive of a live chat feature that functions around the clock. As such, if you need assistance on your account, it’s just a case of sending a message to an agent in real-time. At the other end of the spectrum, poorly-rated investment apps most commonly only offer support via email.

Core Features

It’s also worth looking at whether or not your chosen UK investment app offers any notable features. For example, we came across a highly innovative Copy Trading feature when reviewing the eToro app. Put simply – and as the name suggests, this allows you to ‘copy’ an eToro investor like-for-like.

etoro copy trading features

For instance, if your chosen trader places a sell order on gold – you will mirror this in your own portfolio. Crucially, this allows you to trade the financial markets in a completely passive nature. Best of all, the eToro Copy Trading feature comes with no additional fees.

Other features to look out for in your search for the best investment app UK include:

All in all, it’s best to avoid a skin and bones investment app if you want the best chance possible of being able to consistently outperform the markets.

Payments

It goes without saying that if you want to make money from the financial markets – you will need to first deposit some funds into your investment app account.

A prime example of this is popular UK investment app Degiro – which only supported deposits in the form of a manual bank wire.

How to Get Started With the Best Investment App UK

So now that have explained how to choose the best investment app UK for you and your financial goals – we can now walk you through the process of getting started. Irrespective of which app you choose – the initial account opening procedure is actually very similar.

With that said, we are going to show you how to get started with the UK’s best investment app of 2021 – FCA-regulated broker eToro.

Step 1: Open a Trading Account

You will first need to visit the main eToro website and open an account. This should only take you a couple of minutes as the platform simply requires some basic personal information from you.

how to join etoro

Next, you will be asked to upload a copy of your government-issued ID and a proof of address. This can be a passport/driver’s license and a recently issued document containing your address and full name – such as a utility bill.

Open eToro Account Now >

Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Download eToro investment app

You can now download the eToro app to your phone. Simply select your respective operating system (iOS/Android) and process to confirm the download. Once the app has been downloaded to your phone – open it up and log in with the username and password that you created in Step 1.

Step 3: Deposit Funds

In order to trade with real money – you will need to deposit some funds into your eToro account. You can do this instantly by choosing from a debit/credit card or e-wallet. The latter includes Paypal, Skrill, and Neteller.

The minimum first-time deposit on the eToro investment app is $200 – or about £145.

Step 4: Search for Market

By clicking on the ‘Trade Markets’ button, you will be presented with the full list of financial assets that eToro supports. As such, it’s a good idea to have a browse to find an asset that you wish to trade.

buy apple shares etoro app

Alternatively, you can also use the search bar at the top of the page if you have a specific financial instrument in mind.

Step 5: Place Trade

Now all that is left for you to do is place your first trade. This is super-easy on the eToro app – as you simply need to enter your stake. The minimum on cryptocurrencies is $25 and $50 on most other assets.

buy apple shares etoro app

Finally, click on the ‘Open Trade’ button to confirm your order!

Best UK Investment Apps – Conclusion

This comprehensive guide has reviewed the best UK investment apps in the market right now. We’ve covered the most important metrics that need to be considered when choosing a provider – such as regulation, fees, payments, customer service, and core features.

In conclusion, we found that eToro offers the best investment app for 2021 – across both iOS and Android devices. You will be able to trade thousands of financial instruments at this FCA-regulated app – and the likes of stocks and ETFs come with a commission rate of 0%.

Additionally, we also ranked eToro as the number one UK investment app for its ease of use, small account minimums, and it’s innovative Copy Trading tool. The latter allows you to trade on your phone in a 100% passive nature – which is perfect for newbies!

eToro – Best Investment App UK

1
$50Exclusive promotion
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10

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About Kane Pepi PRO INVESTOR

Kane Pepi writes for several high profile publications such as InsideBitcoins, the Motely Fool, and Learnbonds. Based in Malta, Kane is extremely skilled at complex subjects related to financial matters - including a Bachelor’s Degree in Finance, a Master’s Degree in Financial Crime, and actively engaged in Doctorate Degree research, for the money laundering threats of the blockchain economy.