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 are hoping for.

Best Investment Apps UK

Updated On: May 22, 2021
Best Investment Apps UK

Contents:

Best Investment Apps in the UK

We’ve compiled a list of some of the best investment apps in the UK, divided into three categories - investment platforms, robo advisors (automated investing), and trading apps.

Compare our top ten investment apps below. Every app listed here is available on Android and iOS.

Capital at risk. Other charges apply.



Interactive Investor - One free trade every month; Lots of research

Interactive Investor
Platform Type
Investment Platform
Annual Platform Fee
£120 - £240
Minimum ISA Deposit
£25

Interactive Investor has more than 40,000 investments to choose from, including UK and overseas shares, funds, investment trusts, and ETFs. You get a free trade every month, which you can use to buy or sell any investment. It is free to top up your ISA each month, and there are no trading fees with its regular investing service. It also has several ready-made funds and expert ideas to make it easy to choose investments. Interactive Investor’s products include Trading Account, Stocks and Shares ISA, SIPP, and Junior ISA.

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AJ Bell Youinvest - Mid-price range; Lots of investment options

AJ Bell Youinvest
Platform Type
Investment Platform
Annual Platform Fee
0.25% - 0% (Funds)
0.25% (Shares - max £3.50/month)
Minimum ISA Deposit
£500 lump sum
or £25 per month

AJ Bell Youinvest has thousands of investments for you to choose from, including shares, funds, investment trusts, and ETFs. And you can manage them online or with its mobile app. If you need help choosing, it has four ready-made portfolios and other investment ideas. AJ Bell Youinvest offers Stocks and Shares ISA, Lifetime ISA, Junior ISA, Dealing Account, and SIPP.

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Hargreaves Lansdown - Lots of investment options, research and tips

Hargreaves Lansdown
Platform Type
Investment Platform
Annual Platform Fee
0.45% - 0% (Funds)
0.45% (Shares - max £45/year)
Minimum ISA Deposit
£100 lump sum
or £25 per month

Kickstart your investing with an award-winning ISA. Hargreaves Lansdown has thousands of investments to choose from, including UK and overseas shares, funds, investment trusts, and ETFs. Choose your own investments with expert research and ideas to help you, or simply pick a ready-made portfolio. Manage via website, app or phone. Hargreaves Lansdown's services include Stocks and Shares ISA, Lifetime ISA, Junior ISA, Fund and Share Account, and SIPP. These services are intended for investors happy at making their own decisions. Capital at risk. Other charges apply.

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Plum - Mid-price range; Automatic investing; Beginner friendly

Plum Logo
Platform Type
Robo Advisor
Annual Platform Fee
£12
(first month free)
Minimum ISA Deposit
£1

When you subscribe to Plum Plus or Plum Pro (from £1 a month), you can choose to invest your money in a variety of funds. Plum calculates how much you can afford to set aside and automatically invests that amount for you. You choose your investments based on what matters to you. For example, you could choose to invest in emerging markets, technology, ethical companies, etc. Plum offers Stocks and Shares ISA, SIPP, and other money management tools.

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Moneyfarm - Mid-price range; Offers financial advice

Moneyfarm Logo
Platform Type
Robo Advisor
Annual Platform Fee
0.75% - 0.35%
Minimum ISA Deposit
£1,500

Moneyfarm has seven risk-rated portfolios that are recommended to you using your online investor profile. You also benefit from free and personalised digital investment advice from Moneyfarm’s investment consultants -  chat, phone, email, or meet your consultant in person. Moneyfarm’s products include Stocks and Shares ISA, General Investment Account, and Personal Pension.

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Nutmeg - Low cost; Offers socially responsible investments

Nutmeg Logo
Platform Type
Robo Advisor
Annual Platform Fee
0.25% - 0.75%
Minimum ISA Deposit
£500

Nutmeg allows you to invest in a variety of funds based on your risk preference and values. It has four investment portfolios to choose from - Fixed Allocation (cheapest), Fully Managed, Smart Alpha, and Socially Responsible. Nutmeg’s products include Stocks and Shares ISA, Lifetime ISA, Junior ISA, and Personal Pension. Formal financial advice is also available.

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Wealthify - Mid-price range; Offers ethical portfolios

Wealthify Logo
Platform Type
Robo Advisor
Annual Platform Fee
0.60%
Minimum ISA Deposit
£1

Wealthify allows you to choose from five investment themes based on your attitude to risk - cautious, tentative, confident, ambitious or adventurous. Then it builds an investment plan to match your risk preference. Wealthify’s products include environmentally and socially responsible investments, Stocks and Shares ISA, Junior ISA, and SIPP.

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Moneybox - Mid-price range; Automatically invests spare change

Moneybox
Platform Type
Robo Advisor
Annual Platform Fee
0.45%
(Plus £1 per month subscription fee - first 3 months free)
Minimum ISA Deposit
£1

Moneybox helps you invest your spare change by rounding up your card transactions to the nearest pound and investing the difference (e.g. if you spend £2.30 on a snack, MoneyBox invests 70p for you). It also allows you to make weekly or one-off deposits into one of three investment options based on your risk appetite - cautious, balanced or adventurous. Moneybox offers Stocks and Shares ISA, Lifetime ISA, SIPP, Junior ISA, General Investment Account and socially responsible investments. 

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eToro - Free trading; Fractional shares; Crypto trading

eToro Logo
Platform Type
Trading App
Annual Platform Fee
£0
Minimum ISA Deposit
N/A

eToro is a multi-asset platform which offers both investing in stocks and crypto assets, as well as trading CFDs. It is entirely free to open an account with eToro, and all registered users receive a $100,000 demo account for free. You also do not pay trading or platform fees with eToro. Withdrawals incur a fee of US$5, and FX rates apply to non-USD deposits and withdrawals. eToro has an interesting feature called CopyPortfolios, which allows you to copy the investment portfolios of top traders on the platform. eToro does not offer ISA or SIPP.

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Stake - Free trading; Fractional shares; Analyst ratings

Stake Logo
Platform Type
Trading App
Annual Platform Fee
£0
Minimum ISA Deposit
N/A

Stake is a global commission-free brokerage that gives you access to 4,500 US stocks and ETFs via a mobile app and web interface. You can choose to upgrade to Stake Black to access more sophisticated features for US$9/month (or US$90 a year). Stake Free gives you access to all assets on the platform, unlimited commission-free trades, advance order types, and fractional trading. Stake Black gives you access to analyst ratings, price targets, full company financials, and trading on unsettled funds. FX rates apply to non-USD deposits and withdrawals. Stake does not offer ISA or SIPP.

Promo: Promo code: KOODY. Stake offers a free stock (Nike, GoPro, or Dropbox) for each new user that opens an account and funds it with at least £50 within 24 hours of opening the account.

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To make sense of these charges, use our full robo advisor, investment platform, or share dealing comparison tables.


Frequently Asked Questions

1. How do I invest money in the UK?

  • Decide what you want to invest in - First, you need to decide what you want to invest in - shares, bonds, funds? Most beginners start with funds. Funds save you the trouble of buying individual stocks and shares in multiple companies. They are also safer and cheaper than investing in single stocks since you share the risks and costs with other investors.
  • ‍Choose an investment platform - You can buy investments from providers such as banks, building societies, stock brokers, fund supermarkets, robo advisors and other financial institutions. The specific provider you choose will depend on your objectives, investing savviness and personal circumstance. For instance, beginner investors tend to go with robo advisors, and experts tend to the more established investment platforms.
  • Choose a tax wrapper - A tax wrapper reduces the amount of tax you pay on your investments. Examples of tax wrappers include ISA, pension, and SIPP.


2. How much money should a beginner invest for the first time?

You can invest as much or as little as you feel comfortable with. Most investment platforms and robo advisors will allow you to start investing with as little as £25 a month. Some even accept £1.


3. What's the best way to invest small amounts of money in the UK?

The best ways to start investing with little money:


  • Robo Investing - Robo investing is automated financial planning offered by robo advisors. It is a simple way to invest in hundreds of stocks, bonds and funds directly from your smartphone without dealing with the hassle of picking individual stocks, shares or other types of investments. You can start robo investing with as little as £1.
  • Automatic Investing - When you sign up for auto-investing, you give a finance app permission to regularly invest your spare change in the stock market. Automatic investment apps use their technology to estimate how much you can afford to invest and automatically invest it for you.
  • Direct Debits (Regular Investing Service) - Most investment platforms give you the option to invest small amounts regularly using their regular investing service. Tip: Regular investing dealing fees tend to be cheaper than standard dealing fees. Some platforms don't even charge a fee for regular investing.


4. What is the best investment app for beginners UK?

These are some of our favourite apps for beginners in the UK:

  • Plum - Mid-price range; automatic investing; good for beginners
  • Moneyfarm - Mid-price range; offers financial advice
  • Wealthify - Mid-price range; offers ethical portfolios
  • Nutmeg - Low cost; offers socially responsible investments
  • OpenMoney - Low cost; offers financial advice


5. What should a beginner invest in?

Here are few suggestions for beginner investors:

  • Index funds
  • Exchange-Traded Funds (ETFs)
  • Gilts
  • Bonds

6. How do I invest in stocks in the UK?

There are two ways to buy stocks and shares. You can either buy individual company shares directly (through a stock broker or investment platform) or invest in a fund (which pools money from you and other investors to buy lots of shares). 


Funds tend to be a cheaper and less risky way to invest in shares as you'll be spreading the costs and risks with other investors within the fund.


Most investment platforms and stock brokers are online and will allow you to invest in stocks and shares regularly (e.g. £25 a month) or occasionally (e.g. a lump sum of £1,000).


Whether you choose to go online or offline, you need the services of a stock broker or share dealing platform to buy shares. Stock brokers offer three types of services - execution-only, advisory or discretionary.


7. Which stock trading site is best for beginners?

Here are some of the best stock trading sites for beginners in the UK:

  • Interactive Investor - One free trade per month; lots of research and tips
  • Stake - Free trading; fractional shares; analyst ratings
  • AJ Bell Youinvest - Mid-price range; lots of ideas, insights and tips
  • eToro - Free trading; fractional shares; crypto trading
  • Freetrade - Free trading; fractional shares available


8. What is a robo advisor?

Robo advisors are technology companies that provide automated financial planning with little or no human supervision. They use their algorithms to calculate your risk level and present you with a set of ready-made investments based on your risk profile. Many established investment platforms and fintech startups offer robo-advisor services.


In the UK, robo advisors are also called do-it-for-me investment platforms.


9. What is a ready-made portfolio?

A ready-made investment portfolio is a diverse mix of investments created by fund managers to help reduce the burden of choosing individual shares or funds. With one ready-made portfolio, you could have access to hundreds of investments.


You might also like 🤓

  1. Best Stocks and Shares ISA
  2. Best Share Dealing Accounts
  3. Best Automatic Investment Apps
  4. Nutmeg vs Moneyfarm
  5. Chip vs Plum
  6. Moneybox vs Plum
  7. Compare Investment Platforms
  8. Compare Online Brokers
  9. Compare Robo Advisors
  10. Investing for Beginners

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