Best Investing Apps For Beginners

best investing apps uk

Best investing apps uk used to be the preserve of people with a lot of cash and the time to dedicate to it but there are now a whole host of best investing apps uk to help you get started. The good news is that they all offer an easy way to get in on the investment action without the need for a broker or high fees. But not all investment apps are created equal and with so many on the market you should always take the time to read independent reviews and choose carefully.

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There are three main types of investment apps. The first are those that let you invest odds and ends automatically using your existing digital bank account. These include the likes of Plum and Moneybox that automatically round up your spare change and invest it for you. Other apps offer a hands-off approach where you give them an instruction on what kind of risk profile you have and they invest on your behalf for a fee. These are the types of app that eToro and Hargreaves Lansdown are well known for.

Finally there are apps that allow you to trade shares and other financial instruments such as bonds, funds and cryptocurrencies. Freetrade for example opens up trading to the masses and is an impressive app for beginners. The most important thing is to make sure that the company you invest with is authorised by the FCA and covered by the Financial Services Compensation Scheme (FSCS) in case they go bust.

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