The best investment apps uk can help you take the first steps into the world of investing. Whether you want to invest a small amount of money or even start an ISA, these regulated apps make it easy and affordable to get started. These apps also allow you to trade on the go and are a great choice for beginners or experienced investors looking to make some quick, low risk trades.
What is the best app for investing for beginners?
If you are a beginner, there are many options to choose from including Moneyfarm, Plum and Nutmeg. These are known as robo-investors and work in a similar way by taking a percentage of your income and putting it into different investments on your behalf. These investments are chosen for you based on your goals and risk tolerance. They are an excellent option for beginners but it is important to remember that this type of investment can still go down as well as up.
Alternatively, you could choose to use an app like Acorns which automatically invests your spare change for you. It also allows you to set up a regular investment service using a direct debit so you can set aside a certain amount each month and build your own portfolio.
Freetrade is another popular option for new investors as it allows you to invest and trade fee-free. You can even deposit and withdraw cash in multiple currencies with this service which makes it a fantastic option for travellers. There are however, some ongoing fees which you need to be aware of such as product and management fees.