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 in the UK

Updated On: Nov 24, 2022
Best Investment Apps UK 2022

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. These investment apps allow you to buy, sell and hold a variety of investments in one place, including shares, funds, bonds, commodities, properties, CFDs and more.

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

Capital at risk. Other charges apply.


eToro - 0% Commission on real stocks; 1% on cryptocurrencies

eToro Logo
Platform Type
Investment Platform
Annual Platform Fee
£0
Minimum Deposit
US$10

eToro is a multi-asset platform that offers both investing in stocks and cryptoassets, as well as trading CFDs. 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 practice trading until you become confident. eToro gives you real-time access to thousands of stocks, ETFs and cryptocurrencies from top exchanges worldwide. If you prefer to select a ready-made portfolio, eToro has over 40 fully allocated, balanced investment portfolios, focusing on market segments you can understand and to which you can relate. Some of the portfolios include MetaverseLife, BigTech, GoldWorldWide, Vaccine-Med, BitcoinWorldWide, Diabetes-Med, Driverless, GigEconomy, and many more. 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. Withdrawals incur a fee of US$5, and FX rates apply to non-USD deposits and withdrawals. eToro does not offer an ISA or SIPP.

Please note: When you invest, your capital is at risk. 79% 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.

Your capital is at risk. Other fees apply. For more information, visit eToro.

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InvestEngine - Low cost; 500+ Commission-free ETFs

InvestEngine Logo
Platform Type
Investment Platform
Annual Platform Fee
Free - 0.25%
Minimum ISA Deposit
£100

InvestEngine is a UK low-cost investment platform providing 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 attract a platform fee of 0.25% per year. Advanced or more confident investors can choose from 250+ 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 allows you to invest via a Stocks and Shares ISA, Personal Account or Business Account. Capital at risk.

Promo: £25 welcome bonus for new customers who invest at least £100. Terms apply.

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Interactive Investor - One free trade per month; 40,000+ investments

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

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 charges (as opposed to percentage-based fees like most other investment platforms), and it has been providing investment services and financial information since 1995. If you choose to invest with Interactive Investor, you’ll gain access to over 40,000 investment options, including UK and overseas shares, funds, investment trusts, and ETFs. This is the widest choice of UK and international investments offered by any 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, NASDAQ, 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 site 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.

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

AJ Bell Logo
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 is one of the UK’s largest online investment platforms, and it is on a mission to make investing as easy as possible for you. The platform offers a wide range of investment options for the DIY investor, including shares, funds, investment trusts and ETFs. 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. There are eight total fund ideas, each built by a specialist team, and you can pick the right one for you depending on your attitude to risk and whether you’re seeking to simply grow your money over time or receive an income whilst still growing your money.

AJ Bell charges an annual platform fee ranging from 0.25% to 0%. 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 services include a Share Dealing Account, Stocks and Shares ISA, Lifetime ISA, Junior ISA, SIPP and Junior SIPP.

Capital at risk.

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Hargreaves Lansdown - Lots of research, ideas 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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Freetrade - Good for beginners; Low cost; Commission-free trading

Freetrade
Platform Type
Trading App
Annual Platform Fee
£0
Minimum Deposit
£0

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 also apply for US stocks at the spot rate + 0.45%. Freetrade’s products include a Stocks and Shares ISA, General Investment Account 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.

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DEGIRO - Cheap share dealing; 200 Commission-free ETFs

DEGIRO logo
Platform Type
Trading App
Annual Platform Fee
£0
Minimum Deposit
£0

DEGIRO is an award-winning investment broker that allows you to trade in stocks, bonds, ETFs, options, futures, warrants, certificates and more across 50 international exchanges. It offers tens of thousands of regulated financial instruments that enable investors to diversify their portfolios worldwide. With DEGIRO, you can invest in up to 200 commission-free ETFs. This means you may not have to pay a dealing charge when you invest in just ETFs (terms apply). Dealing in UK stocks costs £1.75 + 0.014% per deal, while US stocks cost €0.5 + $0.004 per share and Irish stocks are €4 + 0.05% per deal. To make sense of the charges, click here. DEGIRO does not offer an ISA or SIPP.

DEGIRO currently has over 1 million customers across 18 countries. It is suitable for both beginner and advanced investors, and you can access the platform on any device via the web portal or mobile app.

Capital at risk.

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Wealthyhood - Low cost; 50+ Commission-free ETFs

Wealthyhood logo
Platform Type
Trading App
Annual Platform Fee
£12
Minimum Deposit
£0

Wealthyhood is a UK mobile trading app that gives you access to 50+ thematic ETFs, real-time guidance, insights and more than 120,000 personalised portfolio templates. With Wealthyhood, you can buy as little as £1 of your favourite ETFs with fractional shares.

The Wealthyhood Beginner plan costs £1 per month and allows you to invest in ETFs without commissions or limits. However, an FX spread of 0.4% applies to all international ETFs. The ISA plan (coming soon) costs £3 per month and offers everything included in the Beginner plan, plus ISA accounts. The Pro plan (also coming soon) costs £7 per month and gives you access to individual stocks, premium tools, analytics and insights.

Promo: Get a free share worth up to £200 when you join Wealthyhood and fund your account.

Capital at risk.

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Wealthify - Mid-price range; Offers ethical themes; Beginner-friendly

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

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.

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Moneyfarm - Mid-price range; Offers advice and ESG investments

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

Moneyfarm is a UK robo advisor that provides you with a personalised investment plan based on your risk preferences. Investors can choose from seven globally diversified risk-rated portfolios, including ethical investments, if you prefer to invest in line with your values. The team at Moneyfarm actively manages your investments, but each investment portfolio is made up of exchange-traded funds (ETFs) and other passive trackers. You 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. Moneyfarm's products include a Stocks and Shares ISA, General Investment Account, and Personal Pension.

Capital at risk.

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

What Is Investing?

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 the money you invested.

Why Invest in Stocks and Shares?

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 stock 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 times 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:

  1. The number of assets in your portfolio.
  2. The extent of diversification of your portfolio.
  3. The performance of each asset.
  4. The length of time you hold each asset.
  5. The investment fees.


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 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 our Investing for Beginners guide.


Frequently Asked Questions

1. How do I invest money in the UK?

  1. 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.
  2. ‍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 go with the more established investment platforms.
  3. 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:


  1. 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.
  2. 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.
  3. 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?

Here are some of the best investment apps for beginners in the UK:

  1. eToro - 0% Commission on real stocks; 1% on cryptocurrencies
  2. InvestEngine - Low cost; 500+ commission-free ETFs
  3. Freetrade - Low cost; commission-free trading; best for beginners
  4. Wealthify - Mid-price range; offers ethical themes; beginner-friendly
  5. Moneyfarm - Mid-price range; offers advice and ESG investments
  6. Plum - Low cost; automatic investing; good for beginners


5. What should a beginner invest in?

Here are few investment ideas for beginner investors:

  1. Index funds
  2. Exchange-traded funds (ETFs)
  3. Gilts
  4. Bonds
  5. Treasury bills

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:

  1. Freetrade - Low cost; commission-free trading; best for beginners
  2. InvestEngine - Low cost; 500+ commission-free ETFs; beginner-friendly
  3. eToro - 0% Commission on real stocks; 1% on cryptocurrencies
  4. AJ Bell - Mid-price range; lots of investment options
  5. Interactive Investor - One free trade per month; 40,000+ investments


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.

10. What is the best stock advice website?

Here are some of the best websites for stock research and investment ideas in the UK:

  1. Morningstar
  2. The Financial Times
  3. CNBC
  4. ADVFN
  5. Citywire


You might also like 🤓

  1. Best UK ETFs
  2. Best Trading Apps
  3. Best Stocks and Shares ISA
  4. Best Forex Trading Platforms
  5. Best CFD Trading Platforms
  6. Best Crypto Exchanges
  7. How to Invest in Cryptocurrency
  8. How to Invest in Bitcoin
  9. Compare Robo Advisors
  10. Investing for Beginners

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