Review of the Best Investment Apps in the UK
Investing apps have seen a surge in popularity in the UK over the last few years. It is now possible to manage your investment portfolio from a smartphone. There are a range of UK investing apps that offer everything from robo advisors to trading platforms. This article reviews the best investment apps uk based on their features, fees and minimum deposit requirements.
The first thing to look for when choosing the best investment app uk is whether it is FCA regulated. This ensures that your funds are protected should the company go bust. Moreover, a regulated app will also offer a high level of customer service.
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Next, consider the types of assets and markets an investment app supports. Some offer a wide range of investment assets, including UK and overseas shares, ETFs, fund and investment trusts, while others focus on specific asset classes such as stocks, cryptocurrencies, or forex. Some investment apps, such as eToro and XTB, offer commission-free trading across all of these assets.
A reputable UK investment app should also offer competitive fees when it comes to trading and depositing money. For instance, eToro charges no fees when buying and selling shares, while Hargreaves Lansdown and Freetrade charge up to 0.45% on international share trades.
Some UK investment apps, such as Moneyfarm and Nutmeg, allow you to invest in a ready-made portfolio tailored to your risk profile and investing style. These are ideal for beginner investors who want to take a hands-off approach to investing. Alternatively, you can choose from seven tailored portfolios with Wealthify, which are actively managed by experts.