Best Investing Apps For Beginners UK

As anyone who has ever tried to invest knows, it can be a confusing and daunting process. There’s jargon to understand, fees to pay and the chance you’ll make a huge loss (but also a big profit!) But thanks to amazing tech and some very clever people, there are now investment apps that take the hard work out of investing. These are known as robo advisers – they’re hands-off investments that do all the heavy lifting for you, so you can concentrate on other things.

What is the best trading platform uk like Plum, are open to everyone and charge only a flat fee of about PS12 per year. They look at your spending, figure out how much you can afford to invest and then invest it on your behalf in a variety of shares. It’s the most hands-off way to invest you can get!

Choosing the Right Platform: What Makes the Best Trading Platform in the UK

Others, like Dodl and eToro allow you to trade UK and international stocks and ETFs on the app. Dodl’s platform fee is just 0.15% of your portfolio value, paid monthly – the lowest around! eToro offers commission-free trading on UK and international markets and allows you to use smart portfolios, copy trading and more. It also waives the 0.5% stamp duty tax that other brokers charge for UK shares.

XTB is another budget-friendly option, offering commission-free trading on thousands of assets across a number of asset classes including shares, indices, ETFs and commodities. It’s available on iOS and Android and you can also trade cryptocurrencies like Bitcoin.

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