Always remember that investments can go down as well as up in value, so you could get back less than you put in. A rule of thumb is to hang on to your investments for at least five years to give them the best chance of providing the returns you want.
We’ve compiled a list of the best investment apps in the UK, divided into three categories: investment platforms, trading apps, and robo advisors (automated investing).
These are our top ten investment apps for buying, selling and holding a variety of investments in one place, including shares, index funds, active funds, exchange-traded funds (ETFs), bonds, ready-made portfolios, commodities, real estate investment trusts (REITs), contracts for difference (CFDs) and more.
The apps listed below are authorised and regulated by the UK’s financial watchdog, the Financial Conduct Authority (FCA). They are also available to download on Android and iOS.
Please remember that when you invest, your capital is at risk. ISA, pension, and tax rules also apply.
Here are the best investment apps in the UK:
Moneybox is a UK investment app that allows you to invest in a range of tracker funds, exchange-traded funds (ETFs), exchange-traded commodities (ETCs) and US stocks. Moneybox offers two forms of investing depending on your investing savviness, investing strategy and attitude to risk. Beginner investors or those who prefer a ready-made portfolio can choose from the three ready-made portfolios on offer - Cautious (lower risk), Balanced (medium risk) and Adventurous (higher risk). Advanced or more confident investors can pick from the range of tracker funds, ETFs, ETCs and US stocks available and build their portfolios themselves.
The Moneybox app also empowers you to invest your spare change by rounding up your card transactions to the nearest pound and investing the difference on your behalf. For example, if you spend £2.30 on a snack, Moneybox will invest 70p for you. You can also instruct the app to make weekly or one-off deposits into your investment portfolio as it rounds up your spare change.
You can start investing with Moneybox with as little as £1. Moneybox offers commission-free trading on US stocks. However, fund management fees apply to other types of investments. A currency conversion fee of 0.45% also applies to US stocks. Moneybox’s suite of products includes a Stocks and Shares ISA, Lifetime ISA, Junior ISA, Personal Pension, and General Investment Account.
Please note: US stocks on Moneybox are only available via a Stocks and Shares ISA.
Capital at risk.
eToro is a UK investment platform that allows you to invest and trade in stocks, ETFs, indices, commodities, forex, cryptocurrencies, and NFTs, directly or via contracts for difference (CFDs).
If you prefer to invest in a ready-made portfolio, eToro has over 40 fully allocated, balanced investment portfolios, focusing on market segments you can understand and relate to. Some of the portfolios include MetaverseLife, BigTech, GoldWorldWide, Vaccine-Med, BitcoinWorldWide, Diabetes-Med, Driverless, and GigEconomy. These portfolios are a grouping of several assets, such as stocks, cryptocurrencies, ETFs, and even people, bundled together based on a predetermined theme or strategy. eToro also offers Copy Trading, which allows everyday investors to copy the trades or investments of top-performing traders on the eToro platform. Anyone can copy trades on eToro, and, in the same way, anyone can give others access to copy their trades.
It is entirely free to open an account with eToro, and all registered users receive a US$100,000 demo account for free, which you can use to practise trading or investing until you become confident. Trading on eToro occurs in USD, so a currency conversion fee will apply if you deposit or withdraw in a currency other than USD. Withdrawals incur a fee of US$5 (£4), and the minimum withdrawal amount is US$50 (£40). For UK customers, eToro offers an eToro Money app which allows you to convert your GBP to USD free of charge, thereby reducing your foreign exchange costs. eToro does not offer an ISA or SIPP.
Please note: Your capital is at risk. 80 - 90% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Additionally, cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply. Copy Trading does not amount to investment advice. Other fees apply. For more information, visit eToro.
InvestEngine is a low-cost ETF investment platform that provides a choice of managed portfolios tailored to you and commission-free DIY investing to help you build long-term wealth. Users can invest in over 500 exchange-traded funds (ETFs) from iShares, Vanguard and other leading brands.
With InvestEngine, you can invest in two ways depending on your investing savviness: Beginner investors or those who prefer to choose a ready-made investment portfolio can select from one of the Managed Portfolios on offer, where the team of experts at InvestEngine will take care of the day-to-day investment decisions for you. These portfolios are a selection of ETFs based on your preferences and risk tolerance, and they have a platform fee of 0.25% per year. Advanced or more confident investors can choose from 500+ commission-free ETFs and build their portfolios themselves. With the DIY Portfolio, there are no platform fees. All InvestEngine portfolios are free of setup fees, dealing fees, ISA fees or withdrawal fees.
InvestEngine stands out amongst its competitors as one of the cheapest investment apps in the UK because it charges no platform or management fees on its DIY Portfolio and just 0.25% a year on its Managed Portfolio. You can also start investing with as little as £100. InvestEngine’s suite of products includes a Stocks and Shares ISA, Personal Account and Business Account.
Capital at risk.
Freetrade is a UK mobile trading app that gives you access to thousands of UK and overseas stocks, ETFs and investment trusts covering different sectors and markets worldwide. The Freetrade app can be accessed on iOS and Android and offers a slick and easy-to-use user interface and experience. The app is also a great choice for both beginners and experienced investors.
With Freetrade, you can invest in fractional shares of even the most expensive US shares with as little as £2. Depositing, trading and withdrawing on Freetrade are commission-free (other charges may apply). FX rates apply to US stocks at the spot rate + 0.45%. To get the most out of Freetrade, you can choose from three subscription plans. The Basic Plan costs £0.00 per month and allows you to open a General Investment Account (GIA) and trade commission-free. The Standard Plan costs £4.99 per month and allows you to open a Stocks and Shares ISA in addition to your GIA. With the Plus Plan at £9.99 a month, you get a Self-Invested Personal Pension (SIPP) and a Stocks and Shares ISA in addition to your GIA. Dealing on Freetrade is commission-free irrespective of the subscription plan you choose. Freetrade’s suite of products includes a Stocks and Shares ISA, General Investment Account (GIA) and SIPP.
Promo: Get a free share worth £10 when you join Freetrade and fund your account with at least £50.
Please note: When you invest, your capital is at risk. The value of your investments can go down as well as up, and you may get back less than you invest. ISA rules apply. SIPP eligibility and tax rules apply. Free share terms and conditions apply.
Wealthify is a UK robo advisor that allows you to choose from five investment Plans based on your attitude to risk. These investment Plans are named Cautious, Tentative, Confident, Ambitious and Adventurous and allow you to choose a risk level that best suits your needs. If you are conscious about the environment or would simply like to invest in line with your values, each of Wealthify’s five portfolios is also available as an ethical investment Plan, so you can stay true to your values while potentially growing your money.
With Wealthify’s ISAs and General Investment Accounts, the minimum investment is £1, and you can withdraw your money anytime. There is an annual platform fee of 0.60%, and fund management fees range from 0.16% to 0.70% per year, depending on your chosen investment theme. Once you complete the signup process, you can start investing with a lump sum which you can top up as frequently as you want.
Wealthify’s suite of products includes a General Investment Account, Stocks and Shares ISA, Junior ISA and SIPP in both Original and Ethical themes.
Capital at risk.
Moneyfarm is a UK robo advisor that provides you with a personalised investment plan based on your risk preferences and goals. With Moneyfarm, you can invest in one of seven risk-rated portfolios recommended to you based on the result of an online assessment. Each portfolio comprises a mix of cost-efficient exchange-traded funds (ETFs) and other passive index trackers. Moneyfarm also offers ethical or ESG investment options for those who want to invest in line with their values.
Moneyfarm’s customers also benefit from free and personalised digital financial advice from Moneyfarm’s investment consultants, and you can chat, phone, email, or meet your consultant in person. To get started, you will be asked to complete a short survey so that Moneyfarm can better understand how you approach your finances before matching you to your investment portfolio and consultant.
You can start investing with Moneyfarm with as little as £500. Moneyfarm charges an annual management fee depending on how you choose to invest, ranging from 0.75% to 0.35% on the total value of your portfolio. An annual fund management fee of 0.20% (average) also applies to all portfolios. This is built into the cost of the ETF or tracker fund on any given day, so you will not see fund charges being deducted from your portfolio directly. Moneyfarm’s suite of products includes a Stocks and Shares ISA, Junior ISA, General Investment Account, and Personal Pension.
Capital at risk.
Plum is a UK money management and investment app that helps you manage your money and build an investment portfolio. With Plum, you can invest in up to 21 funds and over 3,000 UK and overseas stocks. Plum also offers ethical or ESG investment options for those who want to invest in line with their values.
The Plum app empowers you to invest your spare change by rounding up your card transactions to the nearest pound and investing the difference on your behalf. For example, if you spend £1.20 on a snack, Plum will invest 80p for you. The app also calculates how much you can afford to set aside and invests it automatically once a week.
You can start investing with Plum with as little as £1. Plum charges a monthly subscription fee ranging from £2.99 to £9.99 per month; you get the first month free. Stock trading on Plum is commission-free (other charges may apply). FX rates also apply to US stocks at the spot rate + 0.45%. The average annual fund management fee across all funds offered is 0.39%. Plum’s suite of products includes a Stocks and Shares ISA, General Investment Account and Personal Pension.
Capital at risk
AJ Bell is one of the UK’s largest online investment platforms, and its mission is to make investing as easy as possible for anyone. The platform offers thousands of investment options for the DIY investor, including shares, funds, bonds, investment trusts, ETFs, ETCs, and warrants.
There are multiple ways to get started with AJ Bell, depending on your risk tolerance and investing savviness. Beginner investors or those who prefer to choose a ready-made investment portfolio can get a little, or a lot, of help from AJ Bell’s specialists by selecting one of the investment ideas on offer. Investment ideas are diversified ready-made baskets of investments that you can select based on your personal preference and attitude to risk. There are eight total investment ideas, each built by a specialist team, and you can pick the right one for you depending on whether you are seeking to simply grow your money over time or receive an income whilst still growing your money. Expert investors can take advantage of the stock and fund screeners and complex instruments available on AJ Bell and build their portfolios themselves.
AJ Bell charges an annual platform fee ranging from 0.25% to 0% depending on the size of your portfolio. Dealing fees for buying and selling investments online are £1.50 for funds and £9.95 for shares (reducing to £4.95 if there were 10 or more online share deals in the previous month). AJ Bell’s products include a Share Dealing Account, Stocks and Shares ISA, Junior Stocks and Shares ISA, Lifetime ISA, SIPP and Junior SIPP.
Capital at risk.
Interactive Investor, recently acquired by wealth management giant Abrdn, is the second-largest investment platform in the UK. Interactive Investor is well known for its fixed monthly subscription fees (as opposed to annual percentage-based fees like most other investment platforms). It has been providing investment services and financial information to UK customers since 1995.
If you choose to invest with Interactive Investor, you will gain access to over 40,000 investment options, including UK and overseas shares, funds, investment trusts, and ETFs. This is the second-widest choice of UK and international investments offered by an investment platform in the UK. You will also be able to access 17 global exchanges, including exchanges in North America, Europe and Asia Pacific. These include markets such as the FTSE 100, FTSE 250, FTSE All-Share, S&P 500, NASDAQ, NYSE, Dow Jones and more. In addition to the exchanges above, Interactive Investor offers Japanese, Indian and Chinese shares in the form of ADRs (American Depositary Receipts).
Interactive Investor gives you a free trade every month, which you can use to buy or sell any investment. After that, trades usually cost £5.99. Interactive Investor also offers a free regular investing service that allows you to invest regularly without paying a trading fee each time. The app also has lots of expert ideas, research and insights, which can be helpful when choosing investments. Interactive Investor’s services include a Trading Account, Stocks and Shares ISA, SIPP and Junior ISA.
Capital at risk.
Hargreaves Lansdown is a FTSE 100 company and the biggest investment platform in the UK. Its core mission is to build long-term client relationships by becoming a trusted partner and financial champion, ultimately helping you increase your financial security for the future. If you choose to invest with Hargreaves Lansdown, you will gain access to over 2,500 funds, thousands of UK and overseas shares, ETFs, ETCs, investment trusts and more.
With Hargreaves Lansdown, you can build your investment portfolio in one of two ways depending on your investing savviness: Beginner investors or those who prefer to choose a ready-made investment portfolio can build their portfolios by choosing from a range of ready-made options where the team of experts at Hargreaves Lansdown will take care of the day-to-day investment decisions for you. Advanced or more confident investors can choose from a wide range of funds, shares and other investments and build their portfolios themselves.
Hargreaves Lansdown does not charge a platform fee on its Fund and Share Account but charges 0.45% (capped at £45) a year on its ISA and 0.45% (capped at £200) a year on its SIPP. It offers most products, including a Fund and Share Account, Stocks and Shares ISA, Lifetime ISA, Junior ISA, and SIPP. Hargreaves Lansdown's services are intended for investors who are happy making their own decisions.
Capital at risk. The fees quoted here are not exhaustive. Other charges apply.
Investing is a way of setting money aside with the expectation that your money will grow in value over time. When you invest, you are essentially putting your money towards assets in the hope that they will appreciate in the future.
As the value of your assets appreciates, you make positive returns on your investments and generate some income along the way. In the same way, the value of your assets could fall, and you could lose some or all of the money you invested.
We all have financial goals. For some, it might be saving towards long-term goals such as living comfortably in retirement. For others, it might be saving towards significant life events such as buying a home or getting married.
Whatever the goal, investing in stocks and shares can be a great way to grow your money and can offer you higher long-term returns than leaving your money in a savings or current account.
According to a 2019 Barclays Equity and Gilt survey, shares do better than cash nine times out of ten in any ten-year period. This reduces to seven out of ten when investing for just five years.
People often ask how much money can be made in the stock market. On average, the value of your investment could rise by about 3 - 12% a year depending on a number of factors, but there are no guarantees.
The success or failure of your investment portfolio will usually depend on several factors, including:
Apart from the value of your investments appreciating, you can also earn regular income from some of the companies you invest in when they make a profit. This income is called a dividend. A dividend is your share of a company’s profit.
As you progress in your investment journey, you will come across the phrase, “past performance is not a reliable indicator of future results”. This is usually to let you know that sometimes your investments can fail and that no human or algorithm can predict how your investments will perform. A company’s past performance cannot guarantee its future success, so the onus is on you to do your own research before investing in the stock market.
To learn more about how to invest in the stock market and to discover some of the best investment apps and platforms in the UK for beginners, read Investing for Beginners.
To invest money in the UK, you need to:
First-time investors should invest as little or as much as they feel comfortable investing. The best investment apps in the UK will allow you to start investing with as little as £25 a month. Some even accept £1.
At Koody, we recommend using the 50-30-20 budget calculator to divide your monthly net income into three categories: Needs (50%), Wants (30%), and Savings and Investments (20%). If you allocate 20% of your income to Savings and Investments, you can reasonably decide how much of that 20% you want to invest. Budget by Koody is an excellent tool for sorting out your finances, categorising your spending and making plans for your future.
With a small amount of capital, here are the best ways to invest in the UK:
Beginner investors with little money can start by investing for the long term in low-cost global or total-market index funds and ETFs. An index fund is a broad portfolio of stocks or bonds in publicly listed companies that tracks the performance of a market index, whereas an ETF is an investment fund that trades on a stock exchange like an individual stock.
Both index funds and ETFs offer significant diversification benefits and have very low fees ranging from 0.05% to 1.00% of the total value of your investment portfolio.
There have been many instances of prominent investors, including Warren Buffet, advising everyday investors to buy index funds and ETFs instead of picking individual stocks and trying to time the market. Some of these seasoned investors have even gone as far as saying, “the single best choice for a lifelong holding is a total stock-market index fund.”
Investing in passive index tracker funds and ETFs is one of the best ways to start investing in the UK, and the best investment apps in the UK offer a wide range of index funds and ETFs.
Here, you can view the five-year performance of some of the best index funds and ETFs in the UK.
Here are the best investment apps for beginners in the UK:
The best investments for beginners in the UK are:
Yes, investment apps are most certainly worth it in the UK. Investment apps allow you to access a wide range of stock market products directly from your smartphone or tablet. This means you can create, monitor and rebalance your investments at any time without using a desktop computer or calling a stockbroker.
This level of access and convenience means you know exactly how much your portfolio is worth at any given time and can keep on top of market news and stock market updates with just a click of a button. Today, almost all investment platforms in the UK offer an iOS or Android investment app, so even if you choose to open an account with an established platform, you will still enjoy the convenience of a modern mobile app.
Here are the best stock trading sites for beginners in the UK:
A ready-made investment portfolio is a diverse mix of investments created by fund managers to help reduce the burden everyday investors face when choosing individual stocks, funds and other investments to build a diversified portfolio. With one ready-made portfolio, investors can access hundreds of assets such as stocks, bonds, ETFs, commodities and property.
Here are some of the best stock advice websites:
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