If you are looking for the best mobile trading app in the UK, then you will be pleased to know that there are plenty of great options out there that are well-regulated and appeal to all kinds of investors. Choosing an app should depend on your investment strategy and the type of markets you want to trade in. We have rounded up all of the best options below that appeal to all kinds of traders and experience levels.
Best Trading Apps in the UK 2021
If you are based in the UK then you have a wide choice of powerful apps available. These apps are all well-regulated and trustworthy to use for Online Trading in the UK. We have chosen the absolute best options below for all kinds of investors.
This is our selection…
- Interactive Brokers
- Trading 212
- Fineco Bank
- Interactive Investor
- CMC Markets
- Hargreaves Lansdown
No list of the best apps in the UK could be complete without mentioning eToro. This user-friendly app has been designed for everyone wanting to start investing online.
Beginners make use of the features that allow you to follow experienced traders. Experienced traders can enjoy access to a wide range of investment opportunities, as well as many helpful tools.
|Social, community-driven trading platform||Very minimal research and analyst tools/reports|
|Social/copy trading available||Not many charts or technical indicators available|
|0% commission fees on stocks and competitive trading|
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
There's no doubt that Plus500 is a great choice when it comes to CFD trading. Plus500 does only cater to CFD trading, but you get a good range of instruments to choose from.
This includes stocks, forex, and crypto(*availability subject to regulation). Trading is commission-free which is a huge bonus. Plus500 is licensed by the FCA in the UK.
|Commission-free trades||Only available for CFD trading|
|Leverage available||Few research tools available|
|Trade CFDs for free stock options|
|Includes a free demo mode for beginner traders|
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
AvaTrade is a popular online trading platform that offers three different apps. These are AvaTrade GO, AvaTrade Options, and AvaTrade Social. Each of these is specifically geared towards certain traders and markets.
With the different choices available, AvaTrade as a whole can appeal to all kinds of traders and investment strategies based around trading forex options through CFDs. You get loads of technical tools and expert advice available through AvaTrade.
|Offers excellent research tools||Only suitable for trading CFDs|
|A choice of specific app options available|
|Easy to open an account and start trading|
|Excellent support available|
If you are interested in forex trading in the UK, then Pepperstone comes highly recommended. This is a CFD focused trading platform with excellent investment opportunities around forex.
It is very user-friendly, efficient, and a good choice for beginners. there is also a risk-free demo mode for getting started.
|Active traders can get daily cash rebates||Investor protection is not offered for non-EU users|
|Very low equity index CFD and forex fees||CFD only platform|
|The app includes a VIP access feature|
Interactive Brokers has an excellent app with low per-share pricing. It is a versatile solution that appeals to many different investors thanks to its low margin rates and wide range of tradable securities.
To make Interactive Brokers more appealing, investors can enjoy commission-free trading on ETF and stock trades.
|Access to a wide range of investment opportunities||High fees for inactive traders|
|Many mutual funds with no transaction fees|
|Excellent tools and research options|
IG was established in 1974 in the UK and has since grown into one of the largest CFD brokers in the world. IG is highly regulated in the UK and very safe to trade on.
The IG web-trading platform is very user-friendly and easy to navigate. You get great educational tools and resources on CFD trading. However, the forex and CFD trading fees are pretty high, and the trading options are limited.
|An excellent web-trading platform||The CFD and forex fees are high|
|Plenty of withdrawal and deposit options||The product portfolio is limited|
|Excellent educational tools available|
Trading 212 is one of the best apps for beginners in the UK. Trading 212 offers some excellent global stock and ETF options with no commission fees.
They have a $1 account minimum, demo account, and a easy to use trading platform.
|Commission-free trading available||The range of investment opportunities is limited|
|Easy to open an account and start trading|
|Simple to use platform that appeals to beginners|
Fineco Bank offers an appealing trading platform for UK investors with its very low trading fees and user-friendly platform. Fineco Bank is a safe to use listed-broker. This broker only accepts users from Italy and the UK.
Beginner traders will enjoy using Fineco Bank due to the very easy to navigate trading platform. It also offers a good range of investment opportunities for varied trader portfolios.
|Low non-trading fees||Charting tools available|
|The mobile trading platform is excellent||Educational tools are limited|
Interactive Investor is the second-largest UK stockbroker. It is regulated by the FCA.
Interactive Investor offers a great app and is easy to use. Customer support is excellent, and its fairly easy to get started for any traders in the UK. Unfortunately, Interactive Investor offers a fairly limited product portfolio.
|Covers all the traditional investment products||Monthly account fee|
|The web trading platform is easy to use||Investment portfolio is limited to “traditional” products|
|Superior customer service||Analytics tools|
Fidelity is a multinational services corporation that appeals to all kinds of investment strategies with its wide-ranging product portfolio. Fidelity offers commission-free trading, as well as fractional share trading.
The investment products include ETFs, stocks, options, mutual funds, and more.
|Good decision-making technology to make trading easier||Not the easiest platform for beginner traders to navigate|
|A wide range of investment products available|
|Commission-free trading available|
XTB is a global forex and CFD broker based in London. Any UK traders interested in CFDs and forex will love this well-regulated, efficient platform.
XTB offers very low fees on forex trades, and mostly free deposit and withdrawal fees. The product portfolio is fairly limited, and it doesn’t offer as much data. For a CFD and forex platform, you get a simple, great app for trading.
|Quick and easy to open an account||A limited product portfolio|
|Low forex fees||Stock CFD trading has higher fees|
|Deposits and withdrawals are free||Lacks educational data|
This CFD and forex broker is regulated by the FCA and has a long track record. This platform offers very low forex fees and no charges for deposits and withdrawals.
CMC Markets has top-quality web and mobile platforms for easy trading. They are packed with helpful features and are highly customizable to suit the needs of all kinds of investors.
You also get a wide investment portfolio available, and many great features, research, and educational tools.
|Forex fees are low||High stock CFD fees|
|The trading platform is wonderful to use||Opening an account is difficult|
|You get advanced education and research tools|
|A diverse investment portfolio available|
As the name suggests, forex.com is focused on forex trading. The platform is a top choice for high-volume traders, and may not appeal as much to beginners.
The forex fees are very low, and the mobile platform is easy to use. However, other trading options are limited.
|Low forex fees||High stock CFD fees through the app|
|A wide range of currency pair options||A fairly limited product portfolio|
|Excellent research tools||Not ideal for beginners|
FXTM, or ForexTime, is a global broker for forex and CFD trading. The platform is well-regulated, safe, and appealing to new traders.
This is due to the superior educational tools, live webinars to help you trade, as well as a risk-free demo account. FXTM is one of the easiest platforms to open an account and get started on.
|Suitable for all levels of traders||High CFD fees|
|Easy to open an account||Withdrawals, deposits, and inactivity can also result in high fees|
Hargreaves Lansdown offers a thoughtful trading platform that is a pleasure to use. It has fantastic, well-structured educational tools and superior customer service.
If you are based in the UK, then Hargreaves Lansdown is a top option because accounts are only available in GBP. The easy to use trading platform appeals to beginners.
|Excellent educational tools available||ETFs and stocks have high fees|
|User-friendly trading platform||The markets and products available could be improved|
|Geared towards UK traders|
What are Trading Apps?
Trading apps are platforms that can be accessed on your mobile device or computer that allow you to trade directly across various markets. They allow you to create an trading account that allows you to trade from anywhere.
You can then use the platform to invest directly in various markets at real-time prices. All transactions occur through the app. This gives you a single, simple platform for managing your entire portfolio.
Different apps have different features and capabilities. You can also invest in certain markets and options through different apps. This includes things like stocks, forex, crypto, ETFs, and so on.
How To Pick an App?
There are loads of different trading platforms out there which can make it difficult to pick one. When looking for an broker with an mobile app, there are a few important considerations to make.
What Can You Trade?
Different apps offer access to different investment opportunities. You need to choose one that accommodates your investment strategy. For example, some apps focus on forex, CFDs, stocks, crypto, ETFs, etc.
Always make sure that the app you choose is suitable for your trading requirements.
Do You Want Trade or Invest?
Are you looking for a long term investment solution, or are you an active trader? How long you plan on holding the assets can determine the type that is best for you. Some apps focus on CFDs and others are more suitable for long-term investing.
Proper regulation is necessary to ensure that you trade through a safe and secure broker. Well regulated apps offer better transparency and security.
All of the apps listed above are properly monitored and regulated for safe use in the UK.
Fees & Commissions
The fees and commissions you pay on your trades can make a huge impact on your overall experience. Some apps offer zero commissions, some have monthly fees, and others have different commission structures based on the assets.
You need to make sure that the fee and commission structure you choose aligns with your investment strategy. Otherwise, you may end up losing a large number of your returns to commissions.
Account Opening Process
The account opening process should be easy. Some apps allow you to quickly create an account completely digitally, while others can have more lengthy verification processes.
Apps should offer more than just investment opportunities, they should also have various other features and functions. This includes things like alerts, notifications, charts, watch lists, real-time data, news data, portfolio trackers, and more. These functions will ultimately help you to become a better trader making more informed decisions.
Education & Research for Traders
You don’t want to be trading blindly on the app. Some of the best platforms offer great education and research tools to help traders better understand the process and to make wiser choices. This is particularly important for beginners.
Order Execution Speeds
Apps should be fast and efficient. You trade at real-time prices, and sometimes need to be very quick when buying and selling. For this reason, execution speeds are essential. This is particularly important for very active traders.
Leverage trading, or margin trading, allows you to open positions larger than the capital you have available. Some traders rely on leverage trading for their strategies, so it might be important that your app supports this.
Different apps have different order types available. This can include things like market orders, limit orders, trailing stop, and so on. Always check out the order types first to make sure that the app works with your trading strategy.
How much money do you need to start trading and open an account? Some apps have no account minimum, some have very low ones, and others are reserved for larger amounts of capital.
Knowing what you have to invest in is important before choosing an app because you need to make sure that the app will accommodate your capital needs.
Do They Offer Demo Accounts
Demo accounts allow you to trade at real-time market prices as though it was real, but with fake money. This allows you to get a feel for the app in a risk-free setting. Demo accounts are great for beginners.
How you can deposit and withdraw money is important to the app you choose. You need to make sure that the deposit methods suit your bank or your preferred methods of payment. Also, take a look at deposit and withdrawal fees.
Your broker should offer great customer support. This is important, especially when risk and money are involved. The user experience of the app and support will make a big difference.
Ease Of Use
The web trading platform should be easy to navigate and use. You do not want to get lost and stuck, feeling helpless while investing. Some apps are crystal clear and enjoyable, while others can be quite difficult to grasp.
Do They Offer Copy Trading?
Some apps, such as eToro, allow you to follow other traders and copy their moves. This can be a really helpful feature for any new users. If you are unsure about online trading, having copy trading available can be a big benefit.
What is the Difference Between Forex Trading Apps and the Stock Trading Apps?
This goes back to what investment opportunities the app offers. Some apps focus on trading in foreign exchange markets, and others may focus on trading in the stock market. Some focus on both. Choose an option that works with your strategy.
What is the Best Stock Trading App in the UK?
Out of all the available options, we would have to recommend eToro. eToro is incredibly user-friendly, and it offers a huge range of global shares. You can buy and sell shares traditionally, or trade share CFDs with up to 1:5 leverage.
eToro also offers great features like their 0% commissions on stocks, copy trading, and social messaging.
Which Trading App is best for Beginners?
Again, eToro is our top choice for beginner traders. This is largely thanks to the apps copy trading feature that allows you to follow successful traders and learn from their moves.
There is also a demo mode and plenty of helpful tools and resources for beginner traders. The platform is very user-friendly to operate too.
Best Day Trading App in the UK
We would recommend eToro for day traders in the UK. This app is suitable for active trading thanks to its efficient platform. You get plenty of great CFD trading options and can enjoy commission-free trading.
Best Forex Trading App UK
We recommend AvaTrade for any avid forex traders in the UK. AvaTrade offers great forex fees and plenty of currency options. This app is fast, easy to use, and perfect for keeping up to date with the foreign exchange market.
Best For Copy Trading App UK
eToro is certainly the go-to app when it comes to copy trading. You can follow any successful trader that you admire, and set your profile to automatically copy their movements. This can be an easy technique for success.
Yes, trading apps are safe as long as they are properly regulated. All of the apps listed above are regulated at a high standard. There is always risk involved with trading, but this is something that traders need to understand before getting started.
There is no specific tax set for day trading in the UK. Taxing here will depend on which specific instrument you are using to trade in the markets.
Pick a trustworthy and regulated broker. Try to choose an app that has a demo mode – this can be an excellent, safe introduction to trading at real market prices without the risk.
Yes, day trading is completely legal. Just make sure that you trade through a registered and properly regulated broker.
Online stock brokers allow you to buy shares directly through them. Simply choose a good online stock brokerage, understand the shares you want to buy, and you can purchase them.
How to Buy and Hold?
This is when you buy stocks and hold them for the long term. Make sure that your broker is supportive of this kind of long-term strategy without unnecessary fees.
How to Day Trade Shares?
You can day trade shares through trading apps by buying at the start of the day and closing all transactions by the end of the day. This requires consistent monitoring of the share prices.
The Finacial Conduct Authority (FCA) is the main body for regulating brokers based in the UK.
This depends on the trading platform you are using and what you want to buy and sell. Some platforms allow you to start trading at a very low minimum, while others require a significant amount of capital. The more money you trade with, the more opportunity you have for higher returns.
A Contract for Difference (CFD) is when the investor and broker exchange the difference in the value of a product between the time the transaction opens and when it closes.
Funds are professionally managed investment accounts where many investors buy-in, and the manager pools the money to invest in a range of different investments. This is a safe, good long-term strategy.
This is a type of company that sells its shares to investors and then puts that money together to invest in shares and assets.
An ETF is a type of investment fund and an exchange-traded product found on the stock exchange. They are similar to mutual funds and are traded throughout the day.