Investing apps ukhave opened up investing to a whole new group of people. It used to be that investment was only open to the rich and wealthy but now you can start small with a minimum deposit of just PS1. There are many different options available from robo-investors like Nutmeg and Wealthify that manage your portfolio for you to apps that let you trade shares and funds.
It’s important to do your research before signing up for any of these. Make sure that you choose an app regulated in the UK by the FCA and that it comes with FSCS protection. Also check how much you will be charged for using the platform, whether it’s a monthly subscription or management fees.
There are a number of good apps for trading but some are cheaper than others. InvestEngine is one such option that charges no platform or management fee on its DIY Portfolio and just 0.25% a year on its managed portfolio. It offers a wide range of assets to invest in and you can open a free multi-currency account with it.
Another well-known option is Hargreaves Lansdown. This UK-based provider is known for offering a comprehensive range of shares, ETFs and funds as well as competitive fees. Its mobile app is easy to use with a slick user experience and features super-fast login via face or fingerprint recognition, live share prices, news and research materials and the ability to link family accounts in one place.