Best investing app UK is an online service that let individuals manage their investments on their own without the need for a broker or financial advisor. Investing apps provide an easy-to-use and low-cost way for beginners to start investing in the stock market. The apps also offer various features that allow users to monitor their investments and rebalance their portfolios. Some investment apps even offer free accounts, but others have ongoing fees such as product and management fees.
One of the most popular investment apps in the UK is Plum, a robo-advisor that provides a hands-off investing experience for newcomers. The platform invests in a diversified portfolio of shares, ETFs, and bonds. It also offers automatic rebalancing and tax-efficient investing. The fees are relatively low, but the investment choices are limited. Another UK-based investment app is Moneyfarm, which focuses on sustainable investments and has higher fees but more options for individual investors.
Investing Anywhere, Anytime: Top Apps for UK Investors
Other reputable investment apps include Hargreaves Lansdown, which has thousands of investments including UK and overseas shares, funds, and investment trusts. The platform has both do-it-yourself and ready-made portfolios for beginners, and it is regulated by the FCA. Its track record of adherence to regulatory standards and emphasis on investor protection make it an excellent choice for anyone looking for a dependable investment app.
AJ Bell is another investment app that provides a variety of investing options. Its cheapest plan charges no platform or management fees, and it offers competitive commission rates on trades. Its diverse account types, including ISAs and pensions, are attractive to people who want to keep costs down. AJ Bell also offers a simple, user-friendly mobile and desktop app.