Top 10 Best Investment Apps UK 2024

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Thomas Drury
Thomas Drury

Thomas Drury

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Seasoned finance professional with 10+ years' experience. Chartered status holder. Proficient in CFDs, ISAs, and crypto investing. Passionate about helping others achieve financial goals.

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Reviewed by:
Dom Farnell
Dom Farnell

Dom Farnell

Co-Founder

Dom is a Co-Founder of TIC, a passionate investor and seasoned blog writer with a keen interest in financial markets and wealth management. "My goal is to empower individuals to make informed investment decisions through informative and engaging content."

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Last Updated 08/05/2024
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Please bear in mind that the value of investments can decrease in addition to increasing, which means there is a possibility of receiving an amount lower than your initial investment. It is generally advisable to retain your investments for a minimum of five years in order to maximize the likelihood of achieving your desired returns. Capital at risk.

Quick Answer: Best for Beginners?

The best investment app in the UK for 2024 is eToro, ideal for both beginners and experienced investors. It provides a user-friendly platform, a wide range of investment options, low fees, and robust security features, making it the top choice for investors seeking efficient portfolio management.

Here are the top 10 best investment apps in the UK

  1. eToro – The Best All Round Investing and Trading App
  2. Saxo Ideal for Advanced Invetors seeking Technical Anaylysis Tools
  3. Trading 212 – Perfect for a new sign up bonus and commission free trading
  4. Lightyear– Overall a good option for general investing

  5. Plus500Leading Investment Trading app for CFDs

  6. AJ Bell – Ideal investment app for engaged traders and investors

  7. Hargreaves Lansdown – Leading app for a diverse investment fund portfolio

  8. Interactive Investor – Best for Customer Service

  9. IG – Best for a range of markets and additional trading services

  10. Wombat – Best for topical investments & beginner Investors

Investment App Comparison

Etoro Logo
Etoro
Saxo Logo
Saxo
Trading 212
Lightyear
IG
Interactive Investor
Plus500
AJ Bell
Hargreaves Lansdown
Wombat
Regulator
FCA
FCA
FCA
FCA
FCA
FCA
FCA
FCA
FCA
FCA
Mobile App Usability
5/5
4.5/5
4.5/5
4.5/5
3.5/5
4/5
4.5/5
3.9/5
3.5/5
4/5
Variety of Assets
Stocks, cryptocurrencies, CFDs
Forex Stocks (including fractional shares) ETFs Options Futures Bonds Commodities
12,000+ global stocks & ETFs, commodities, forex
Stocks 3000+, ETF's 1000+
18,000+ markets, stocks, ETFs, commodities, currencies, bonds, funds
1,000+ ETFs, Stocks (UK & International), Bonds, Ethical Investments
CFDs on stocks, forex, commodities, options, ETFs
Shares, funds, SIPPs, ISAs
Stocks, shares, funds, bonds, ISAs, SIPPs
Thematic funds, stocks, ETFs
ISA Available
Yes (in conjunction with Moneyfarm)
Yes
Yes
No
Yes
Yes
No
Yes
Yes
Yes
Trust Pilot Score
4.3/5
4.6/5
4.6/5
4.3/5
4.1/5
4.7/5
4.1/5
4.8/5
4.1/5
4.3/5
Fee Score
4/5
4/5
4/5
3.9/5
4/5
4.2/5
4/5
4/5
3.5/5
4/5
Overall Review Score
4.7/5
4.6/5
4.5/5
4.2/5
3.9/5
4.4/5
4.2/5
4.2/5
3.9/5
3.9/5

Top 10 Investment Apps in the UK

The UK’s personal finance landscape has seen a dramatic shift towards digitalization, with fintech investment growing from $1.1 billion in 2009 to $44.1 billion in 2020.

This growth reflects in the widespread adoption of digital banking and investment apps, challenging traditional banks to innovate.

Platforms like Robinhood have revolutionised stock trading with zero-commission models, encouraging a surge in retailin investors opening an investing account.

Digital banking is now embraced by 86% of UK adults, equivalent to around 46 million people, with digital-only bank accounts increasing significantly to 19 million in 2024 from 12.6 million in 2023. Despite the rise, digital banks face challenges in customer retention, underscoring the importance of loyalty and trust.

This rapid adoption highlights a shift towards more accessible, efficient, and user-friendly financial services, driven by consumer demand for convenience and better terms.

As the sector continues to evolve, digital banking and investment platforms are reshaping the future of finance, making it more inclusive and aligned with contemporary needs​​​​​​ [1] [2]

4.7/5

TIC Score 4.7/5

eToro – The Best All Round Investing and Trading App

etoro screen shot showing mobile app

eToro has emerged as a standout investment platform, particularly for those interested in integrating cryptocurrencies with traditional investment vehicles under a single roof.

This platform is unique in its ability to offer a seamless trading experience across a variety of asset classes, including stocks, forex, commodities, and a wide range of cryptocurrencies. Here’s why eToro is celebrated for bringing crypto and traditional investments together:

Pros

Cons

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

  • Over 3,000 stocks
  • 70+ crypto coins
  • More than 150 ETFs
  • No share dealing fees
  • Copy trading feature
  • eToro Wallet for crypto
  • User-friendly platform, ideal for beginners
  • Accepts various payment method
Saxo Logo
4.6/5

TIC Score 4.6/5

Saxo - The Best All Round Investing and Trading App

Homepage of Saxo investment platform featuring benefits such as no inactivity or platform fees, low FX conversion fees, and no minimum funding requirement, alongside options to invest in UK stocks, US stocks, stock options, and US futures.

Saxo has solidified its position as a market leader for experienced investors and traders with its recent fee structure changes, offering more competitive pricing and transparency.

The revamped fee strategy aligns with Saxo’s commitment to providing advanced trading tools and comprehensive market access, making it an attractive platform for those looking to execute complex investment strategies

Pros

Cons

Please bear in mind that the value of investments can decrease in addition to increasing, which means there is a possibility of receiving an amount lower than your initial investment. It is generally advisable to retain your investments for a minimum of five years in order to maximize the likelihood of achieving your desired returns. Capital at risk.

  • Forex
  • Stocks (including fractional shares)
  • ETFs 
  • Options, Futures, Bonds & Commodities
Trading 212 Logo
4.5/5

TIC Trading 212 Score 4.5/5

Trading 212 - Perfect for a new sign up bonus and commission free trading

trading 212 screen shot

Use code TIC to get a free share worth up to £100

Trading 212 has garnered attention as one of the leading investment apps in the UK, notable for its appealing features for both novice and seasoned investors.

Here’s a breakdown of its advantages and disadvantages, highlighting why it might be considered the best option for those interested in zero-commission investing and looking for a new sign-up bonus.

Pros

Cons

Please bear in mind that the value of investments can decrease in addition to increasing, which means there is a possibility of receiving an amount lower than your initial investment. It is generally advisable to retain your investments for a minimum of five years in order to maximize the likelihood of achieving your desired returns. Capital at risk.

  • CFDs including forex, stocks, and indices.
  • Real stocks and ETFs, lacking bonds, mutual funds, options, or futures.
  • A wide selection of forex and commodity CFDs.
  • An average selection of stock and stock index CFDs.
  • A low number of ETF CFDs.
  • About 11,000 real asset instruments, including over 9,000 stocks and 1,800 ETFs.
Lightyear Logo
4.2/5

TIC Score 4.2/5

Lightyear - Overall a good option for general investing

Lightyear desktop screenshot get started for lightyear investing review

Lightyear is a user-friendly and low-cost trading platform that offers a range of stocks and ETFs, with a focus on simplicity and accessibility for beginners. It stands out for its multi-currency account feature, competitive fees, and the advantage of earning interest on uninvested cash.

This contains financial promotion. The Investors Centre will be paid a referral fee when you open an account and deposit funds through one of the links on this page

Pros

Cons

Please bear in mind that the value of investments can decrease in addition to increasing, which means there is a possibility of receiving an amount lower than your initial investment. It is generally advisable to retain your investments for a minimum of five years in order to maximize the likelihood of achieving your desired returns. Capital at risk.

  • Over 3,000 US stocks (NYSE and Nasdaq).
  • ETFs.
  • Money market funds.
Plus500 Logo Blue
4.2/5

TIC Score 4.2/5

Plus500 - Leading Investment Trading app for CFDs

Plus500 screen shot

Plus500 has solidified its position as a leading investment trading app, especially for those interested in Contract for Differences (CFD) trading. It offers a broad spectrum of instruments, including stocks, forex, commodities, ETFs, and options (Via CFDs). Here’s a closer look at its strengths and areas for improvement.

Pros

Cons

80% 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.

  • CFD trading across various markets.
  • Includes forex, stocks, indices, commodities, ETFs, futures, options.
AJ Bell Logo
4.2/5

TIC Score 4.2/5

AJ Bell – Ideal investment app for engaged traders and investors

AJ Bell Screen shot

AJ Bell is highly regarded as an ideal investment app for engaged traders and investors, known for its comprehensive range of investment options and user-friendly platform.

Its appeal lies in the balance it strikes between offering depth for more experienced investors and accessibility for those new to investing. Here’s a breakdown of its strengths and areas where users might seek more.

Pros

Cons

Please bear in mind that the value of investments can decrease in addition to increasing, which means there is a possibility of receiving an amount lower than your initial investment. It is generally advisable to retain your investments for a minimum of five years in order to maximize the likelihood of achieving your desired returns. Capital at risk.

  • Stocks and Shares ISA, Junior ISA, Lifetime ISA, SIPP, Junior SIPP, and Dealing account.
  • Investments in unit trusts, shares, investment trusts, ETFs.
  • A range of pre-made investment portfolios.
  • Passive funds managed by AJ Bell for various investment strategies.
HL Logo
3.9/5

TIC  Score 3.9/5

Hargreaves Lansdown – Leading app for a diverse Investment funds Portfolio

HL Screen Shot

Hargreaves Lansdown is widely recognized as a leading investment platform, particularly celebrated for its extensive and diverse fund selection. This platform is designed to cater to both novice and seasoned investors, offering a broad range of investment options including stocks, shares, funds, and pensions.

Here’s a look at what makes Hargreaves Lansdown stand out, along with some considerations for potential users.

Pros

Cons

Please bear in mind that the value of investments can decrease in addition to increasing, which means there is a possibility of receiving an amount lower than your initial investment. It is generally advisable to retain your investments for a minimum of five years in order to maximize the likelihood of achieving your desired returns. Capital at risk.

  • Shares
  • Funds
  • ETFs
  • Investment Trusts
  • Gilts and bonds
  • IPOs and new issues

They also provide various investment accounts such as Stocks and Shares ISA, Lifetime ISA, Fund and Share Account, SIPP (Self-Invested Personal Pension), Junior Stocks and Shares ISA, Junior SIPP (Child’s Pension), and a Foreign Currency Service

interactive investor logo linking with homepage
4.4/5

TIC  Score 4.4/5

Interactive Investor – Best for Customer Service

Interactive investor Review desktop screenshot Choosing Investments

Interactive Investor stands out as a premier platform for those prioritizing customer service in their investment experience. It is designed to cater to a wide range of investors, from beginners to the more experienced, offering a comprehensive suite of tools, resources, and investment options.

Here are the key factors that underscore its reputation for exceptional customer service, alongside other aspects of its offering.

Pros

Cons

Please bear in mind that the value of investments can decrease in addition to increasing, which means there is a possibility of receiving an amount lower than your initial investment. It is generally advisable to retain your investments for a minimum of five years in order to maximize the likelihood of achieving your desired returns. Capital at risk.

  • Stocks and Shares ISA
  • Junior ISA
  • SIPP (Self-Invested Personal Pension)
  • Trading Accounts

 

Investable assets include:

  • Funds
  • ETFs
  • Investment Trusts
  • Shares
IG Logo
3.9/5

TIC Score 3.9/5

IG – Best for a range of markets and additional trading services

IG Screen shot

IG stands out as a premier platform for traders and investors seeking access to a wide array of markets and advanced trading services. Its robust offering caters to both retail and professional clients, providing a comprehensive suite of tools and resources across various asset classes. Here’s an overview of what makes IG a top choice for those looking for diversity in markets and additional trading capabilities.

Pros

Cons

Please bear in mind that the value of investments can decrease in addition to increasing, which means there is a possibility of receiving an amount lower than your initial investment. It is generally advisable to retain your investments for a minimum of five years in order to maximize the likelihood of achieving your desired returns. Capital at risk.

  • Shares (UK, US, Europe, Asia, including major companies)
  • ETFs (index trackers, commodity, thematic)
  • Investment trusts
  • Bonds (government, corporate)
  • Options
  • Futures
  • Spread betting & CFDs (complex, high risk)
  • Managed portfolios
Wombat Logo
3.9/5

TIC Score 3.9/5

Wombat – Best for Themtic Investment & For Beginner Investors

moneybox screen shot

Wombat is a standout investment platform, especially for those new to the investing world and those interested in making investments that align with specific themes or causes. Its user-friendly approach and thematic investment options make it particularly attractive to beginners and those looking to invest in areas they’re passionate about. Here’s why Wombat is considered best for topical investments and beginners:

Pros

Cons

Please bear in mind that the value of investments can decrease in addition to increasing, which means there is a possibility of receiving an amount lower than your initial investment. It is generally advisable to retain your investments for a minimum of five years in order to maximize the likelihood of achieving your desired returns. Capital at risk.

  • Fractional shares
  • ETFs (index, thematic, commodity
  • GIAs (individual stocks & ETFs)
  • ISAs (tax-efficient wrapper)
  • Junior ISAs (for children)

What to consider when choosing the best investment app for you

Clipboard with list of pros and cons

Navigating the world of investment apps in the UK requires a discerning eye and a clear understanding of one’s financial goals. With a plethora of options available, selecting the right platform can seem daunting.

However, by delving deeper into key aspects such as investment strategy alignment, fee structures, available investment options, and security measures, investors can make informed decisions tailored to their needs. This article aims to provide an in-depth guide to help you choose from the best investment platforms.

Aligning the App with Your Investment Strategy

The cornerstone of choosing the right investment app lies in its alignment with your investment strategy. Whether you’re a passive investor looking to grow retirement savings or an active trader seeking to capitalize on market movements, the app you choose should cater to your specific needs. Consider the following:

  • Investment Goals: Define whether your focus is on long-term growth, income generation, or capital preservation.

  • Risk Tolerance: Assess how much volatility you’re willing to accept in pursuit of higher returns.

  • Investment Knowledge: Evaluate whether you need educational resources to guide your investment decisions.

Interactive Investor Mobile App Screen Grabs

Deciphering Fees and Costs

The impact of fees on investment returns cannot be overstated. An app’s fee structure directly affects your net gains, making it crucial to understand the different types of fees you might encounter:

  • Annual Platform Fee: Fixed charges for using the app’s platform.

  • Trading Fees: Costs associated with buying or selling investments.

  • Currency Conversion and Foreign Exchange fee: Fees for transactions in foreign currencies.

A transparent fee structure without hidden charges is preferable, as it allows for better financial planning and management.

Evaluating the Range of Investment Options

Diversification is a key principle of investing, helping to mitigate risk and enhance potential returns. The best investment apps offer a comprehensive range of options:

  • Stocks and Shares

  • Mutual Funds

  • Exchange-Traded Funds (ETFs)

  • Bonds and Commodities

An app that provides access to both domestic and international markets will enable you to build a diversified investment portfolio tailored to your risk appetite and financial goals.

Prioritizing Security and Regulation

In the digital age, the security of your investments and personal information is paramount. Look for investment apps that employ stringent security measures:

  • Encryption: To protect data transmission.

  • Two-Factor Authentication (2FA): Adds an extra layer of security to account logins.

  • Regulatory Compliance: Ensure the app is regulated by reputable financial authorities, such as the Financial Conduct Authority (FCA) in the UK.

This not only safeguards your assets but also provides peace of mind, knowing that the platform adheres to strict regulatory standards.

Conclusion

Selecting the best investment app involves a balanced consideration of your investment strategy, understanding the fee structure, ensuring a wide range of investment options, and verifying the platform’s security credentials. Armed with this knowledge, you’re well-equipped to choose an investment app that not only meets your financial objectives but also complements your investing style, setting you on a path to achieving your financial goals.

For beginners, seek platforms tailored for novice investors, offering features like commission-free trading and investment apps designed for beginners. For active investors, platforms with fixed allocation options and those worth the monthly fee may be preferable.

Consider to go seek professional financial advice to navigate the complexities of investing, including understanding foreign exchange fees and capital gains tax implications.

Whether you’re a DIY investor or prefer a managed approach, finding the best investment apps worth careful consideration of key features, such as the ability to buy and sell investments seamlessly.

Investment with an arrow pointing upwards

Different Types of Investment Accounts

When considering investment accounts in the UK, it’s important to choose one that aligns with your financial goals, understanding the tax implications, and the types of investments you’re interested in. Here’s a breakdown of different types of general investment accounts available in the UK, tailored to various needs and objectives:

Individual Savings Accounts (ISAs)

ISAs offer a tax-efficient way to save or invest up to £20,000 annually without paying tax on returns. There are several types of ISAs, including:

  • Cash ISAs: Suitable for saving cash with tax-free interest.

  • Stocks and Shares ISA: Allow investments in shares or funds, offering potential for higher returns compared to cash ISAs, albeit with higher risk.

  • Lifetime ISAs (LISAs): Aimed at those saving for a first home or retirement, allowing contributions up to £4,000 yearly with a 25% government bonus.

  • Junior ISAs (JISAs): Designed for saving or investing on behalf of children, with a yearly allowance of £9,000.

Self-Invested Personal Pension (SIPPs)

SIPPs provide a flexible way to save for retirement, offering tax relief on contributions and the ability to choose from a wide range of investments. They are suitable for individuals who want more control over their retirement savings, allowing investments in stocks, funds, and more.

General Investment Accounts (GIAs)

Once you’ve maxed out your ISA allowance, a GIA is an alternative way to invest with no limit on contributions. However, unlike ISAs, investments in GIAs may be subject to pay capital gains tax and dividend tax if they exceed your annual allowances.

Understanding Taxes and Allowances

It’s crucial to be aware of the tax implications and allowances associated with each account type:

  • Capital Gains Tax Allowance: Profits from investments are tax-free up to £12,300 annually.

  • Dividend Allowance: You can earn up to £2,000 in dividends tax-free each year.

Each account type has its unique features, tax benefits, and allowances, making it essential to choose one that aligns with your investment goals, whether you’re saving for retirement, a first home, or simply looking to grow your wealth. Remember, investments can fluctuate, and it’s important to consider the level of risk you’re comfortable with.

For more detailed information on each type of account and to make informed decisions about your investments, consider exploring resources provided by the Financial Conduct Authority’s InvestSmart website, as well as financial advice platforms like MoneyHelper and Finder UK.

Lightyear Mobile App Screen Grabs

What is Investing?

Two hands waiting for profits from short sell

Investing is the act of allocating money towards assets like stocks or bonds, with the expectation of generating a profit over time.

It involves taking on varying levels of risk in hopes of achieving higher returns compared to traditional savings. Key vehicles for investing include retirement and brokerage accounts, which offer access to financial markets.

Investing differs from saving in that it typically involves higher risk for the possibility of higher returns

Different Types of Financial Assets

Stocks and Shares, Mutual Funds, and ETFs:

  • Stocks and shares grant investors a slice of ownership in corporations, potentially yielding dividends and capital appreciation. They’re pivotal for growth-oriented strategies.

  • Mutual funds amalgamate resources from various investors to invest in a diversified portfolio, managed by professionals, ideal for those seeking managed diversification.

  • ETFs combine the diversified approach of mutual funds with the ease of trading akin to stocks, suitable for investors looking for flexibility and lower fees.

Other Assets:

  • Bonds offer a more predictable income stream, with less volatility than stocks, making them a cornerstone for conservative investment strategies.

  • Commodities, such as gold or oil, act as hedges against inflation and diversify investment portfolios beyond traditional financial instruments.

  • Cryptocurrencies emerge as high-risk, high-reward assets, appealing to speculative investors drawn to their potential for significant returns amidst high volatility.

Trading 212 Mobile App Screen Grabs

How Does Investing From Your Mobile Work?

Investing from your mobile involves using an app provided by a brokerage or investment platform. After downloading the app and creating an account, you can deposit funds, usually via bank transfer or debit card.

Within the app, you can browse and select investments, such as stocks, ETFs, or mutual funds, and purchase them with your deposited funds. The app allows for real-time tracking of your investment’s performance, selling assets, and withdrawing funds back to your bank account, all managed through a secure, user-friendly interface designed for smartphones.

Convenience and Accessibility:

  • Mobile investing apps democratize access to financial markets, allowing investors to manage portfolios anytime, anywhere, breaking down traditional barriers to investment.

Functionality:

  • These apps provide robust functionality, enabling users to buy, sell, and meticulously monitor investments on the fly. With real-time data, analytical tools, and educational resources, they empower investors to make informed decisions without the need for desktop platforms.

In crafting content that mirrors the depth and readability expected from Forbes, it’s essential to highlight the strategic fit of various financial assets within an investor’s portfolio and underscore the transformative impact of mobile investing on modern financial practices.

The Best Ways to Invest your Money in the UK

Looking for the best investment apps in the UK? When choosing the right platform, consider factors like the annual platform fee, whether it offers a stocks and shares ISA or a general investment account, and if it provides helpful investment advice.

With a variety of investment funds available, it’s essential to weigh fund provider fees and understand how trading apps function within traditional investment platforms:

Diverse Investment Strategies: Tailoring your investment strategy to personal financial goals is crucial. Whether aiming for long-term growth through stocks and shares, seeking steady income via bonds, or exploring alternative assets like real estate or commodities, diversification stands as a key principle. It minimizes risk while maximizing potential returns, allowing for a more resilient investment portfolio.

Examples of Investment Platforms: The UK market is rich with platforms offering comprehensive investment solutions. Hargreaves Lansdown and Interactive Investor stand out for their extensive range of investment options, including direct stocks, funds, ETFs, and bonds, catering to both novice and seasoned investors. These platforms not only provide access to domestic and international markets but also offer tools and resources for informed decision-making.

 

IG Mobile App Screen Grabs

What are the UK Laws and Tax Treatment of Investing Apps

Sign with Do's and Don'ts

Regulatory Environment: The Financial Conduct Authority (FCA) oversees the UK’s investment landscape, ensuring that platforms operate with transparency and integrity.

It mandates strict adherence to consumer protection laws, risk management, and financial solvency standards. Additionally, the Financial Services Compensation Scheme (FSCS) offers a safety net, protecting investments up to £85,000 per eligible person, per firm, in the event of a platform’s failure.

Tax Considerations: The UK tax system offers various incentives for investors. ISAs (Individual Savings Accounts) allow for tax-free gains up to an annual limit, providing a shield against capital gains and dividend taxes.

Pensions, including SIPPs (Self-Invested Personal Pensions), offer tax relief on contributions, highlighting the benefits of tax-efficient investing. Outside these wrappers, capital gains and dividends are subject to taxes, with rates dependent on individual circumstances and current tax laws.

Investing in the UK combines strategic planning with an understanding of the regulatory and tax landscape, ensuring that individuals can navigate their financial journey effectively.

Whether through diversified portfolios or leveraging tax-efficient accounts, the goal remains to align investments with personal objectives within the framework of UK regulations.

In conclusion, for DIY investors seeking to invest money, selecting the right trading account is paramount. Ensuring the chosen platform aligns with your investment goals and offers the necessary tools and resources is essential for success.

FAQs

Before diving into the stock market, it’s crucial to conduct thorough research and understand your risk tolerance, investment goals, and time horizon. Familiarize yourself with market fundamentals, company performance, and economic trends to make informed investment decisions. Additionally, consider diversification to spread risk across different sectors and asset classes.

An annual management fee, charged by investment platforms for managing your portfolio, can significantly impact your investment returns over time. These fees are typically a percentage of your total assets under management and vary among platforms. It’s essential to compare fees when choosing a platform and consider their impact on your long-term investment growth.

 

Opening an investment account provides access to a wide range of investment opportunities, including stocks, bonds, ETFs, and mutual funds. It allows you to build a diversified portfolio tailored to your financial goals and risk tolerance. To get started, research reputable investment platforms or brokerage firms, complete the account opening process, and fund your account to begin investing.

Yes, retail investor accounts are designed for individuals who are new to investing or prefer a hands-off approach. These accounts are typically offered by brokerage firms or investment platforms and provide access to pre-built portfolios, managed by professionals, based on your risk profile and investment goals. They offer an easy entry point into the investment world for beginners

To ensure the investment apps safe as well as your investments when using investment apps, it’s essential to choose reputable platforms regulated by financial authorities such as the Financial Conduct Authority (FCA) in the UK. Look for platforms that offer robust security measures, such as encryption and two-factor authentication, to protect your sensitive information and assets from unauthorized access. Additionally, conduct thorough research on the platform’s track record and user reviews to gauge its reliability and safety.

Glossary

Sign saying helpful tips in black and yellow
  1. Diversification: Spreading investments across different asset classes to reduce risk.

  2. Investment Strategy: A plan outlining how an individual or institution intends to allocate resources to achieve financial goals.

  3. Stocks and Shares: Securities representing ownership in a company, entitling the holder to a portion of its assets and profits.

  4. Mutual Funds: Pooled investments managed by professionals, investing in a diversified portfolio of stocks, bonds, or other securities.

  5. ETFs (Exchange-Traded Funds): Funds traded on stock exchanges, tracking the performance of a specific index or asset class.

  6. Bonds: Fixed-income securities representing a loan made by an investor to a borrower, typically a corporation or government entity.

  7. Commodities: Physical goods such as gold, oil, or agricultural products, traded on exchanges.

  8. Cryptocurrencies: Digital or virtual currencies secured by cryptography, often decentralized and based on blockchain technology.

  9. Mobile Investing: The practice of managing investment portfolios using mobile apps provided by brokerage or investment platforms.

  10. Financial Conduct Authority (FCA): The regulatory body overseeing financial services firms and markets in the UK, ensuring consumer protection and market integrity.

  11. Financial Services Compensation Scheme (FSCS): A statutory compensation fund covering customers of authorized financial services firms in the UK in case of their insolvency.

  12. ISAs (Individual Savings Accounts): Tax-efficient savings and investment accounts available to UK residents, allowing tax-free growth on investments up to a specified annual limit.

  13. Pensions: Long-term savings plans designed to provide income in retirement, including options like SIPPs (Self-Invested Personal Pensions).

  14. Capital Gains Tax: Tax levied on the profit from the sale of an asset, such as stocks or property.

  15. Dividend Tax: Tax imposed on the income received from dividends paid by stocks or mutual funds.

References -

At The Investors Centre, our writers/contributors are required to underpin their work with primary sources. These sources range from government records and white papers to direct reporting and expert interviews in the field. Where suitable, we also integrate research from other distinguished publishing sources. This approach ensures our content remains both accurate and unbiased, as detailed in how we test.

1 – Are Demo Accounts an Indicator of Investing Skills? – Investopedia

2 – Keeping Your Investment Safe – AJ Bell 

3 – Tax Efficient Wrapper Products – GOV.UK

4 – Explaining Pound Cost Averaging to Your Clients – FT Advisor

5 – All About Asset Classes And Diversification – Motley Fool  

6 – Understanding Compound Interest – Forbes

7 – 11 Passive Income Ideas for 2024 – Time Magazine

8 – Financial Conduct Authority – FCA

9 – Business of Apps

10 – Finder

 

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