Nowadays, trading is easier and faster because of trading apps. It helps to buy and sell shares and also monitor anything related to it. There are so many apps for day trading you can use and not all of them are credible and trusted. Here, we have the list of the best trading apps in UK for comfortable and safe trading.
Apps for Day Trading in The UK
1. Freetrade
Freetrade is one of the most popular trading apps in the UK because of its modern and high-tech features. It is a perfect option for millennials who want to invest their money in stocks and shares. The app features are easy to use even for first-time investors.
The features help beginner investors to find investments, make trades, and others. You can trade with zero commission on a variety of shares, exchange-traded funds or ETFs, and investment trusts. The fee depends on the types of trading you take.
For instance, the app charges 0.45 percent in foreign exchange fees for overseas shares. You need to spend £3 per month if you want to invest in an ISA. Due to its features and services, Freetrade won the Finder Customer Satisfaction Awards 2021.
Pros:
- This app is easy to use even for first-time or beginner investors
- It doesn’t contain commission or 0 percent.
- Investors can also invest in an ISA
- The features help users to buy, sell, and monitor stocks.
Cons:
- There is not much data or research to help.
- You need to spend money to invest in an ISA.
2. eToro
Just like Freetrade, eToro is also one of the apps for day trading with 0 percent commission. Investors prefer to use this app because the features make transactions easier. The features support you buying shares, currencies, exchange-traded funds, and bonds.
This app provides shares from the biggest stock exchanges in the world, such as the London Stock Exchange, NASDAQ, New York Stock Exchange, and Euronext. According to the features, this app is more suitable for intermediate to advanced investors. It may be a bit complicated for beginner investors. Interestingly, you can create an account for free and trade with no limit.
Pros:
- You can find a variety of stocks from reputable stock markets.
- You can use it for free.
- You can trade without any limit.
Cons:
- It takes more time for the verification process.
- The trading platform is a little bit confusing.
3. Degiro
Degiro is recommended because it allows investors to trade on over 50 stock exchanges in 30 countries around the world only from a mobile phone. Interestingly, the fee is also relatively low. It is a good option for those who want to try to spend money on international trading.
It takes time to understand the fee structure. Because of that, you should understand more about share trading before using this app. It means this app is more suitable for intermediate and advanced investors than beginner investors.
You can invest in shares, bonds, and ETFs. Those who want to invest in different financial instruments at once can use this app. Unfortunately, this app doesn’t provide ISA or pension products.
Pros
- It is good for investors who want to start investing on international exchanges.
- It offers a low fee service.
- You can easily access your portfolio anytime and anywhere.
Cons:
- It takes time to understand the fee.
- This app doesn’t support investors with any educational tool.
4. Hargreaves Lansdown
Hargreaves Lansdown is popular because it serves users pretty well. It is also suitable for all investors, including children who want to be an investor. This app provides your kids with a junior account to learn more about investment.
For adult investors, this app has an ISA and a SIPP. Despite the services the app offers, the fee is more costly than other providers. Investors have to spend £11.95 for the trading fee. It will be better to trade over £1.000 otherwise, you have to pay more fees than the profits you earn.
Pros:
- The platform is free.
- You can invest in a variety of investment instruments.
- It is good for investors who want to trade on smartphones.
Cons:
- The fees are costly.
- It doesn’t provide a demo account.
5. Capital.Com
Some UK investors prefer to use Capital.com because it offers US shares. The app is even considered one of the best stock trading apps. Interestingly, you don’t need to pay any charge foreign exchange fees or commission.
At the same time, this app provides a variety of shares from the most reputable stock exchanges, such as the US, the UK, and EU stocks. Beginner investors can use this app due to its low minimum deposit.
Pros:
- It gives abundant resources for beginner investors.
- The minimum deposit is only £20.
- The foreign exchange is free.
Cons:
- There are no funds available
- There are no tax wrappers available.
Now, you can start to invest your money in shares no matter your investment levels. Some apps for day trading are good for beginners whereas others are recommended for intermediate and advanced investors.