The days of calling a broker to make investments are long gone. You may now enter the stock market quickly and conveniently without any outside influence thanks to stock trading apps.
More importantly, since you can invest whenever you want, stock trading applications give you a sense of control. Investments become simple with hundreds of trading markets and practical charting features.
The best stock trading apps in the UK are highlighted in this guide, along with advice on what to look for in a trading app based on your interests and requirements. Finally, we go over how to begin with the top UK stock trading app.
Best Stock Trading Apps 2022
1. eToro
Without a doubt, eToro is the most user-friendly stock trading app available in the UK. You may trade almost any financial instrument on your mobile device with these multi-asset dynamic platforms, including stocks, FX, cryptocurrencies, commodities, indices, and more. eToro also has a cryptocurrency wallet app that you may use to keep your coins if you’re interested in cryptocurrencies.
This stock trading app for beginners is very clearly planned out and superbly designed, making it incredibly straightforward to use. You won’t experience any lagging when placing trades because the finest software is likewise very quick and responsive and has very quick trade execution times.
The social and copy trading tools in the eToro mobile applications, however, are what really set them apart. Even more impressive are the copy trading features offered by eToro, such as CopyTrader, which allows you to replicate the whole portfolios and forthcoming trades of leading professional traders on the eToro mobile app. There are also CopyPortfolios, which make use of algorithms and are kept up to date by professionals.
With a $200 minimum account investment, you may begin using the greatest stock trading app from eToro, or you can use the demo for free. Bank credit/debit cards, bank transfers, and electronic-wallets like PayPal are all acceptable payment methods. Because eToro is governed by the FCA, you may be guaranteed that its app is very safe.
2. Fineco Bank
Another popular stock trading app in the UK is Fineco Bank. This stock trading platfrom has served more than a million clients across Europe since it was founded in 1999.
The trading app from Fineco Bank differs greatly in part due to the assets it offers. With Fineco Bank, you can exchange upwards of 10,000 shares from the US, the UK, and Europe. Even better, you have the option of trading CFDs or totally buying shares. For UK equities, share dealing commissions are only $3.95; if you trade stock CFDs, there is no commission or additional spread.
The mobile app from Fineco Bank is made to be simple to use. You may enter new orders and check your positions with ease using the UI. Because the application lacks technical analysis capabilities, it might not be the best choice if you want to thoroughly evaluate price fluctuations. For that aim, Fineco Bank provides PowerDesk, a remarkably complete trading platform that is exclusively accessible via desktop computers.
Fineco Bank, a publicly traded company on the Milan Stock Exchange, is regulated by the Bank of Italy. If you ever need assistance with your account, you may easily contact the broker via phone or email since they provide outstanding customer service.
3. Capital.com
Capital.com is a relatively young broker that was established in 2016 and has the first trading app powered by artificial intelligence. The Most Innovative Brokerage Service in Europe and the Most Transparent Brokerage Service in Europe awards were given to it in 2018. The Capital.com mobile app contains six chart layouts, 75+ technical indicators, and instructional resources that have received a 5-star rating to go along with its demo.
Since its debut, Capital.com has developed into one of the top stock trading apps available right now. This can be due to its comprehensive proprietary trading platform, which includes powerful technical analysis tools and trading/market indicators.
Over 3,000 different assets, including FX, commodities, equities, cryptocurrencies, and more, can be traded through this CFD broker. Trading on the mobile app is a smooth process because of its speed and creative layout, which make it simple for using, explore markets, and make use of the many instruments.
Creating a Capital.com trader account is simple and easy because the first investment requirement is a mere £100. Then, you gain access to spreads that are incredibly competitive, quick order execution, and real-time information on market news and events.
Additionally, live news and analytics reports on trade activities are available on Capital.com. Given that Capital.com is a very reputable broker and has an FCA license, you can have peace of mind knowing that the mobile app is safe and secure. The additional mobile app for spread betting provided by Capital.com is equally remarkable.
4. Plus500
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The Plus500 app is definitely worth looking at if you’re only interested in trading CFDs. This UK-based broker stands out for having no costs and providing CFDs for a variety of products, including forex, stocks, and cryptocurrencies.
The Plus500 app’s commission-free trades mean you don’t pay anything at all, and the spreads and overnight costs are some of the lowest in the industry. Additionally, there are no withdrawal fees to be paid either!
A lucid, user-friendly, and the intuitive mobile trading interface is provided by Plus500. The platform is outfitted with certain practical technical analysis features, such as fundamental charting, technical indicators, and customizable price trade alerts that notify a mobile platform.
In comparison to many other brokerage firms, Plus500 gives an unlimited demo and permits account registration with just a £100 minimum deposit. One of the various payment methods it accepts is PayPal.
You may be confident that Plus500 is safe and that your money and mutual funds are safeguarded because it holds an FCA license. It is a very reliable online broker because its parent firm is also listed on the London Stock Exchange.
5. XTB
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XTB is one of the best trading apps available if you’re interested in trading stocks and ETFs. That’s in part due to the special features that this trading program provides, like an integrated stock and ETF screener. Finding trading opportunities, long-term investments, and everything in between is simple with the help of the filters.
Additionally, the XTB app is jam-packed with tools to aid in market analysis. For example, the website provides full-screen technical charting with hundreds of customisable indicators and trade advice with annotated charts. A sentiment gauge that displays what other traders believe about a company’s future is also available, along with a market news stream.
More than 2,100 stocks and ETFs from 17 international marketplaces are accessible for trading as CFDs at XTB. Spreads for UK equities begin at 0.015 percent, and you can use leverage of up to 5:1 to buy stock and exchange-traded funds. XTB offers numerous FX pairs, commodities, and cryptocurrencies if you wish to venture outside of the stock market.
This broker is highly reputable because it is governed by the FCA and CySEC in the UK. All user accounts also come with negative balance protection, which makes sure that you can never lose anymore money than what you initially put in. With XTB, there is no deposit fee and no minimum deposit requirement to start an account. Numerous payment options, including credit card, debit card, PayPal, and a number of other e-wallets, are available for funding your account.
6. AvaTrade
AvaTrade, one of the top online brokerage platfrom, offers three different mobile trading apps: AvaTrade GO, AvaTrade Options, and AvaTrade Social.
The main mobile app, AvaTrade GO, is loaded with functionalities. Starting with the AvaProtect function, which returns your money for every unsuccessful transaction, the program also includes one-click and two-click trading, allowing you to select your preferences in advance and execute trades more quickly. Market trends can also be followed in real-time. The software provides no-commission trading and offers CFDs for a variety of products.
Next, if you only want to trade options, AvaTrade Options is the greatest free trading tool we’ve found. This mobile software includes sophisticated charting that is perfectly suited for mobile use, along with integrated live pricing and trade executions. Along with gold and silver, you may trade options for more than 40 different currency pairings, and all forex pairs have Autochartist trading signals built in.
The social app AvaTrade Social, which allows you to interact with other traders, discuss ideas, and even replicate deals, is the last one. While this is fantastic, in a perfect world it would also be included in AvaTrade’s primary app, similar to how eToro is.
Another interesting aspect of AvaTrade is that it supports MT4 and 5, both of which have mobile applications. These technical trading platforms, which provide a plethora of technical tools, trading robots, and a qualified financial advisor, are accessible through the AvaTrade mobile app.
7. Skilling
One of the best UK apps for trading stocks and other markets is Skilling. More than 1,000 CFDs are available on the site, including 700 equity CFDs. The majority of well-known cryptocurrencies, such as Ripple, Litecoin, Ethereum, and Bitcoin, can be traded.
Skilling’s assortment of trading platforms is one of the things that sets it unique. You can utilize Skilling’s own mobile app, which is available for iOS and Android and is quite feature-rich. It is stuffed with tools including watchlists, a market news feed, and technical indicators. Additionally, Skilling provides all traders with access to MetaTrader 4 and cTrader, which both have robust mobile applications for conducting technical analysis while on the road.
A very sophisticated copy trading platform that is offered by Skilling also allows you access to a huge variety of trading methods. You may view the trading objective, historical performance metrics, and leverage usage for any strategy.
There are no account fees at Skilling, and all CFD trades are completely commission-free. Additionally, you only need a deposit of £100 to start a new account.
Factors for selecting Stock Trading Apps
Utilizing stock trading apps on the go to invest in various financial products is quite simple. Here are five factors you can’t skimp on while seeking the best trading platform in the UK.
Regulation
Examine their rules after you have reduced the number of potential options. Which organizations control them? If you are a UK investor, you should confirm that the broker is subject to Financial Conduct Authority regulation (FCA). You can read our previous guide of the best FCA regulated brokers to find out your ideal platform to start trading.
Other foreign regulatory organizations also oversee reputable brokers. You can also do a check for that. Other than that, evaluate a broker’s dependability.
If a stock trading app has good customer care, you can anticipate getting help whenever you run into a problem when trading stocks.
Trading Assets
A stock trading broker is of little value to you if it does not permit trading in the asset or instrument that you want, regardless of how dependable or well-regulated the broker is. For instance, since not all brokers permit IPO trading, you would have to choose TradeStation Global if you wanted to invest in initial public offers.
The same goes for investors who want to trade currency pairings and cryptocurrencies; they should find out if the brokers they’ve narrowed down support these instruments.
Functionality
Frequently, a broker’s mobile app platform is less useful or practical than the web or desktop version. To ensure there are no issues during trading, you should thus examine the app’s operation.
- Speed: This refers to how quickly the orders are carried out. You don’t want the app to make trading more difficult.
- Tools: Having in-app analytical tools makes it possible to travel without using the desktop version. You can make wise judgments using a brokerage app’s analytical tools.
- Charting: You can navigate trading with the use of data-driven knowledge by using charts like the line, bar, and candlestick types. Make sure the software has graphing features so you can track the health of your assets.
How to begin with a Stock Trading App?
You may use one of the top stock trading apps, eToro, by following the instructions listed below to get started.
Step 1: Download the stock trading app
Look for the eToro iOS app in the Apple App Store to download it. Android clients can download it via the Google Play Store or the eToro homepage. Depending on your internet speed, downloading the top free trading software from eToro should just take a few seconds.
Step 2: Open the account
Create a new trading account after downloading the mobile application. After signing up, you’ll be required to submit some personal information, like your name, email address, and phone number, as well as to verify that you are the account holder by uploading identification.
Step 3: Deposit Funds
Go to the deposit area, choose your favorite payment method, enter the desired amount, and then confirm to fund your account.
Step 4: Search stock
Using the search box at the top of the app, you can look for your favorite assets. As an alternative, you can get ideas from the eToro markets area.
Step 5: Place your trade
Choose the asset you want to order, then fill out the necessary information. Trading on the eToro mobile app couldn’t be simpler once you tap to confirm.
Conclusion
The ongoing development of technology has now made it simple to buy and sell shares in the UK. Users can invest in shares using any one of hundreds of stock trading apps. To invest, simply open an account, validate it, add money, and choose a firm.
Due to market saturation, UK stock trading applications are now fiercely competitive when it comes to fees. For instance, commission-free share purchases and sales are available through eToro, our top-rated broker. With just a few clicks, you can easily deposit money using a debit/credit card or an e-wallet and purchase your first share!
Frequently Asked Questions
Can I use trading applications to upload files and make deposits of money?
Yes, the top apps allow you to upload verification papers directly to their app. Additionally, you can trade mutual funds using the app after loading them using one of the accepted deposit methods.
Can I use trading applications to withdraw money?
Yes, you can use a trading app to start the withdrawal procedure for the money and have it put into your preferred wallets for payment processing, like your bank account, debit cards, credit cards, and PayPal, among other options.
Can I access live customer service using trading apps?
Yes, some of the better apps offer a live chat tab that you may use to speak with the customer support staff of the trading company.
Which trading app is the best?
The trading app that we believe is best is eToro. Without paying a commission, you can trade equities, foreign exchange, cryptocurrencies, indexes, and commodities. Additionally, the eToro app has a social network.