Best Investment Apps UK - FREE Investing Apps for Beginners - EconomyWatch.com

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.

Table of Contents

#1 Investment App UK – eToro

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

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 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.

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

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