Interested in investing? 6 stock trading apps for UK users in 2021
Are you interested in investing in stocks? Are you also looking for the best stock trading apps in the UK?
Here is a list of mobile apps that charge you zero to a meagre amount to trade stocks. Take a look at the available apps and the pros and cons of each stock trading app.
The Trading 212 is a commission-free mobile app that lets you purchase over 4,000 stocks and ETFs. While this app offers support to several UK and international exchanges, you can access other marketplaces to trade stock CFDs. Trading 212 does not have a minimum deposit threshold, so you can decide to start trading stocks with tral money, deposit as much as you like and so on. You can choose from a UK debit/credit card, e-wallet, or bank transfer to do this.
- 0% commission on all asset classes
- No minimum deposit amount
- Deposits are protected
- Limited products portfolio
- Missing phone and live chat support
A London-based challenger stock broker company Freetrade offers access to over 4,000 shares, investment trusts, and ETFs. However, it does not offer any access to open-ended funds. Similar to other trading platforms, Freetrade is 100 percent free but you need to pay 0.45% on investments as a foreign exchange fee. There is no limit on how many can be placed each month. With a premium account costing £9.99 a month, you can access a wider range of investments such as FTSE Aim all-share stocks.
- Regulated by the FCA and covered by the FSCS
- Zero commission fee
- Easy account opening
- Limited research tools
- Basic product portfolio
- Debit card only for deposits
Another notable social trading and investment marketplace platform eToro is one of the best stock trading apps for beginners. The platform allows you to buy, sell and trade numerous stocks with 0% commission fees. It applies a currency conversion charge of 0.5 per cent to deposit currencies that are not US dollars and offers a broad range of investment options including over 1,700 stocks from over 17 UK and international markets.
- Regulated by the FCA and FSCS
- Zero commission
- No minimum deposit
- First-time deposit fee
- Lack of clearer and advanced order placement controls
- Account balances are hidden
If this is the first time you are trading, then Capital.com, a super user-friendly mobile trading app is the ideal option for you. The app has a clean interface and is simple to find stocks that you wish to trade. Furthermore, Capital.com allows you to get started with an account minimum deposit of just £20, thereby benefiting the first time users not ready to risk larger amounts. You will require a UK debit/credit card or an e-wallet. You can also trade indexes, cryptocurrencies, forex, and more.
- 0% commission on all asset classes
- 24/7 trading
- Deposit from just £20
- Minimum deposit of £250 for bank accounts
- No price alerts on web platform
- No smaller account currencies
Plus500 is another 100% commission-free trading app. The CFD app allows you to choose from a buy or sell order on all markets. It lets you make gains irrespective of which way the asset is moving. Also, it is a good option if you are looking to obtain leverage. It lets you to trade at an amount greater than you have in your brokerage account. Plus500 also allows you to trade forex, indices, crypto, interest rates, bonds, options trades and more, all vis CFD instruments.
- Heavily regulated trading platform
- 0% commission on all forex trading positions
- Minimum deposit just £100
- Does not offer traditional investment assets
- Average CFD fees
- Product range
Revolut is a fast-growing fintech company best known for its banking and payment services. It launched its commission-free stock trading provided by Revolut Trading Ltd. This trading platform is regulated by multiple top-tier regulators, including the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Up to $500,000 ($250,000 cash) of client deposits are protected by SIPC insurance and it is regulated by the UK FCA.
Revolut offers free stock trading without inactivity fees. Also, the account opening is seamless, fully digital, and fast. In addition, the mobile app is user-friendly and you can download it on Android and iOS devices.
- Offers free stock trading
- No inactivity fees
- Account opening is swift
- Customer support
- Product portfolio
- Basic research tools