The stock market has remained a viable investment option for several decades. This has even been made easier with the proliferation of online brokerage firms. So, knowing some of the best stock trading apps UK is essential in streamlining your investment process.
This guide will explore our best stock trading apps UK and how to get started within minutes.
Our 5 Top trading apps UK for 2022
Having all the details on the best stock trading apps UK will go a long way in aiding your decision-making process. In this section, we’ll address all the critical issues you need to watch out for when making a broker decision.
- eToro – Our Overall Best Trading Platform to Buy Stocks
eToro.com takes our top spot as the best trading platform you should be looking out for. Founded in 2007, eToro is one of our top trading apps in the UK, due to its combination of financial investment services with a fun and exciting investor community.
eToro operates principally as a social trading platform, allowing its 23.2 million users to share their thoughts and contents on all offered assets. There are over 3,500 tradable assets and access to over 17 international markets on the platform. eToro also offers zero commission stock trading.
What drives so much interest in eToro is its CopyTrader feature. With this, new users can mirror the successful trades and strategies of more advanced investors for a nominal fee. This way, trades can be executed in a pseudo-automated format while the new investor learns about the platform and the stock market.
In addition, eToro offers an in-house portfolio management tool called CopyPortfolio. This functionality is geared towards helping investors diversify their investments across top-performing sectors and regions. This is dynamically adjusted at intervals to accommodate better yields for investors.
eToro has varied initial minimum deposits for separate regions, but US and UK users can get started with as little as $10. Payment methods include bank wire transfer, credit/debit card, PayPal, Skrill, Neteller, and others.
68% of retail investor accounts lose money when trading CFDs with this provider.
- Capital.com – Our Best Trading Platform for Tight Spreads
Capital.com is one of our best stock trading apps out there. Founded in 2016, Capital.com is a global online broker with offices in the UK, Cyprus, Gibraltar, and Belarus.
The stock trading platform is well known for its tight spreads and 0% commission trading. Capital.com offers exposure to over 3,200 stocks across several international financial scenes. Capital.com offers fast order execution and an educational app for new investors, Investmate – making Capital.com our favourite trading platform for beginners.
There are no fees for dynamic charts and indicators, real-time quotes, and opening/closing trades. The minimum deposit is pegged at $20, and the minimum withdrawal is placed at $50. Accepted payment types include bank wire transfer, credit/debit card, e-wallet solutions like Neteller Skrill, and several others.
>>> Trade CFDs on Capital.com Now <<<
Your capital is at risk.
- Libertex – Our Top Platform for Leveraged Trading
Libertex is one of the most recognized online brokerage firms globally, making it one of our best stock trading apps UK for stocks. Founded in 1997, Libertex is a global CFD and FX trading platform with over two decades of enabling investors to access the market of their choice.
Libertex offers curated and specific instruments with only 250 tradable assets on offer. This is spread across several key sectors and 100 top company stocks. The Libertex web trader allows investors to place trades in record time. If you’re interested in more advanced apps, Libertex has got you covered. You can use MetaTrader 4 & 5 (MT4 & 5) for more advanced functionalities and features.
The minimum deposit is placed at $100, and you can fund your account with a credit card, bank wire transfer, and e-wallet solutions. As regards fees, Libertex doesn’t charge deposit and withdrawal fees. You can increase your potential payout with leveraged trading up to 1:30, which is quite reasonable for investors.
Libertex is regulated by the CySEC and comes along with 43 indicators.
Your capital is at risk.
- Skilling – Our Top Platform for Near-Zero Spreads
Skilling is a new generation online brokerage firm founded in 2016. The broker offers access to over 800 financial instruments, inclusive of stocks. Skilling makes it to our list of the best stock trading apps UK as it provides near-zero spreads and a highly user-intuitive interface.
Additionally, Skilling offers a powerful trading cTrader and MT4 platforms for more advanced traders. Skilling offers rapid trade executions (less than a second) and competitive spreads at 0.1 pips. The minimum deposit is set at 100 Euro for a standard account, and there are no hidden charges.
However, the minimum deposit is EUR/USD 5,000 for premium accounts. All account types enjoy the leverage of 1:30. The commission is set at $35 and payment types accepted include bank transfer, credit/debit cards, e-wallet solutions like Skrill, and several others.
Skilling has regulatory clearances from the FCA, CySEC, and the Seychelles Financial Service Authority (FSA).
Your capital is at risk.
- AvaTrade – Our Top Platform for Copy Trading
AvaTrade is one of our favourite stock trading apps UK in the online trading scene. Founded in 2006, AvaTrade offers over 1,250 tradable assets. This trusted online brokerage firm is renowned for its social copy trading capabilities through AvaSocial, ZuluTrade, and DupliTrade platforms.
Added to an already robust network of offerings, the AvaTradeGO offers innovative features like the AvaProtect to better insure investors against unforeseeable losses.
The minimum deposit is set at $100, and spreads are set at 0.9 pips for regular investors while professional traders get 0.6 pips. You can make payments via bank wire transfer, credit/debit card, and e-wallet solutions.
Your capital is at risk.
How to Choose the Best Trading Platform for You
In selecting the best trading platform to use, we recommend using the following criteria:
- Regulation
A regulated stock trading platform means your funds and details are secure. The more regulated a broker is, the better for you. Make sure you can verify their operational licenses before using the platform.
- Range of assets
A broker with an extensive range of assets provides more flexibility in choosing assets you want to invest in. We usually recommend using brokers with over 3,000 assets on tap as this gives you a broad spectrum to generate returns.
- Fees
Fees are essential if you intend to make a profit from your trades. Low fees guarantee more profit, and in this regard, we recommend using eToro due to its competitive fee structure.
- Tools & Features
A broker with advanced trading tools and features gives you more room to make returns. eToro stands out in this regard as you can use the CopyTrader feature to generate returns by copying more experienced investors.
- User experience
A platform’s mobile user experience is key for beginners. Only make use of a user-friendly broker, which offers rapid trade executions.
- Payment methods
Payment types also go a long way in determining your choice. It would help if you looked for mobile-friendly payment methods, especially e-wallet solutions like PayPal, Skrill, Neteller, GiroPay, Trustly, and even credit/debit cards.
How to Use an Online Trading Platform
Ready to use a trading platform to buy your first stocks? Then follow these detailed steps to get started:
- Open an account with eToro
Navigate to the eToro website and click on ‘Join Now’ to open the registration portal. Once there, fill in your required details, including your full name, username, password, email address, and mobile number. An alternative sign-up method is via Facebook or Google.
- Verify account
You’ll need to complete the required know-your-customer (KYC) process to buy your first stock. Submit a copy of your driver’s license or government-issued ID card and your recent utility bill.
- Deposit
Click on ‘Deposit Funds’ and insert how much you want to deposit. The minimum deposit is dependent on the region you’re signing up from. For instance, US and UK users have an initial minimum deposit of $10, while others will need to pay more. Select a payment method and click on ‘Deposit’ to complete the process.
- Buy Stock
The final step is to buy the stock. Type the symbol of the asset into the search bar. Then click on the ‘Trade’ button to be sent to the order page. Input how much of the asset you want to buy and click on ‘Open Trade’ to conclude the trade. Remember to set your stop-loss and take-profit.
Visit the eToro.com trading platform.
Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
This article is supplied by CryptoPR and is not necessarily representative of the views of The Herald