Best Stock Trading Apps in the UK

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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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Dom Farnell
Dom Farnell

Dom Farnell

Co-Founder

Dom, a Co-Founder at TIC, is an avid investor and experienced blogger who specialises in financial markets and wealth management. He strives to help people make smart investment decisions through clear and engaging content.

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Last Updated 04/07/2023
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Please bear in mind that trading involves the risk of capital loss. Between 68% and 86% of retail investor accounts lose money when trading CFDs with the providers below. Prior to proceeding, it is important to assess whether you are financially capable of withstanding the high risk of potential losses.

Quick Answer: Which is the App for Trading Stocks in the UK?

The best app for trading stocks in the UK is undoubtedly eToro, celebrated for its comprehensive and user-friendly platform. It offers extensive tools and resources, making it ideal for both seasoned and novice traders looking to navigate the complexities of stock trading effectively. Another well renowned option is Spreadex which appeals to the more experienced trader. 

Here are the top 10 Best Stock Tradings Apps in the UK:

  1. eToroThe Best with their Innovative social trading platform with copy-trading features
  2. SpreadEX – Best Choice for Intermediate Traders
  3. Saxo – Extensive global markets and investment products access
  4. AvaTrade – Specialised in Forex and CFD trading options
  5. Plus500 – Intuitive CFD Service platform with a wide range of instruments
  6. Pepperstone – Competitive pricing for Forex and CFD traders
  7. IG – Broad market access with advanced trading tools
  8. Trade Nation – Simple, transparent pricing and high customer satisfaction
  9. XTB – High-performance trading on a user-friendly platform
  10. Admirals – Reliable multi-asset broker with extensive trading tools

Stock Trading App Comparison Chart

etoro
5/5
51% of retail CFD accounts lose money
spreadex Logo
4.5/5
64% of retail CFD accounts lose money
Saxo Logo
4.5/5
64% of retail CFD accounts lose money
4.5/5
71% of retail CFD accounts lose money
4.5/5
80% of retail CFD accounts lose money
4.5/5
74-89% of retail CFD accounts lose money
4/5
69% of retail CFD accounts lose money
4/5
81% of retail CFD accounts lose money
4/5
67% of retail CFD accounts lose money
4/5
82% of retail CFD accounts lose money
Regulatory Authority
FCA (UK), ASIC (Australia), CySEC (Cyprus), FinCEN (US)
FCA (UK)
FCA (UK), MAS (Singapore)
ASIC (Australia), CBI (Ireland), BVI FSC (British Virgin Islands), FSCA (South Africa)
FCA (UK), ASIC (Australia), CySEC (Cyprus), FSCA (South Africa)
ASIC (Australia), FCA (UK), DFSA (Dubai), FSCA (South Africa)
FCA (UK), ASIC (Australia), MAS (Singapore), FINMA (Switzerland)
Various (US: FINRA, SEC; UK: FCA)
FCA (UK)
FCA (UK), KNF (Poland)
Minimum Deposit
$10
$0
£0
$100
$100
$200
£250
Varies
£1
£250
Market Types Offered
Stocks, ETFs, CFDs, Crypto (Social Trading focus)
Forex, CFDs on Stocks, Indices, Options & Spreadbetting
Stocks, Forex, CFDs, Options
CFDs on Stocks, Indices, Forex
CFDs on Stocks, Forex, Indices
Forex, CFDs on Stocks, Indices
Stocks, Forex, CFDs, Options
Stocks, Options, Futures, Bonds, ETFs
Stocks, ISA, CFD
Stocks, Forex, CFDs
Platforms Available
eToro WebTrader (own platform)
Own Platform
SaxoTraderGO (own platform)
AvaTradeGO (own platform), MetaTrader 4 & 5
Plus500 WebTrader (own platform)
cTrader, MetaTrader 4 & 5
IG Trading Platform (own platform)
Trader Workstation (desktop), IBKR GlobalTrader (mobile)
Trading 212 Invest (own platform)
xStation 5 (own platform), MetaTrader 4
Demo Account Availability
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Account Types
Standard
Standard, Professional
Standard
Standard, Spread Betting, Islamic
Standard
Standard, Razor (ECN)
Standard, CFD
Individual, Joint, LLC
Invest, ISA, CFD
Standard, Pro
Minimum Stock Commission UK
N/A (commission-free stock trading)
Varies by asset class
Varies by asset class
Varies by asset class
N/A (CFD broker)
Varies by asset class
£8 (minimum commission charge)
£0.10 per share (minimum commission)
£0 (commission-free trading)
£8 (minimum commission charge)

Top 10 Stock Trading Apps

4.7/5

TIC Score 4.7/5

eToro - The Best with their Innovative social trading platform with copy-trading features

eToro's investing platform and app featuring a happy user on green background promoting mobile and web trading.

eToro is best known for its social trading platform, allowing users to copy the trades of experienced investors. It’s a hub for retail traders interested in stocks, cryptocurrencies, and other assets.

Pros

Cons

CFDs are complex instruments with a high risk of losing money rapidly due to leverage. {etoroCFDrisk}% of retail CFD accounts lose money when trading CFD’s with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

eToro is renowned for its social trading platform, allowing users to copy the trades of successful investors. It offers a wide variety of assets to trade, including stocks, cryptocurrencies, and ETFs. eToro’s unique feature is its community-centric approach, providing forums and discussions for traders to share insights and strategies.

spreadex logo
4.6/5

SpreadEX - Best for Intermediate Traders

SpreadEX Share Trading: Profit from rising and falling prices on thousands of global equities, including AIM stocks with a market cap of £5m+. Benefit from leverage, out-of-hours trading, and best execution guarantees. Trade small-cap stocks from over 15 countries tax-free on capital gains and stamp duty.

SpreadEX is a UK-based financial trading platform that offers a range of services, including spread betting, contracts for difference (CFDs), and fixed-odds betting across various markets. This comprehensive platform caters to different trading preferences and provides users with diverse opportunities in the financial markets.

Pros

Cons

64% 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.

SpreadEX uniquely combines financial trading options, allowing users to engage in various activities from a single platform. They offer competitive spreads on a wide range of markets and guarantee best execution prices from their feeds. Additionally, SpreadEX provides out-of-hours trading on select UK, US, and German shares, enhancing trading flexibility for users.

saxo bank logo
4.5/5

TIC Score 4.5/5

Saxo - Extensive global markets and investment products access

Saxo award-winning trading platform interface showcasing desktop trading options with market analytics.

Saxo is a global leader in online trading, providing sophisticated investment tools and a vast selection of international markets. It’s known for its professional-grade technology and extensive research resources, making it a powerhouse for serious investors.

Pros

Cons

81% 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.

Saxo’s stock trading app offers a premium trading experience with access to global financial markets, including stocks, bonds, and ETFs. It boasts an intuitive user interface combined with professional-grade analytics and trading tools. Unique to Saxo, users can benefit from its comprehensive market research and portfolio analysis features, enhancing informed decision-making.

4.5/5

TIC Score 4.5/5

AvaTrade - Specialised in Forex and CFD trading options

AvaTrade mobile app screen displaying live market trends for visionary traders on a cityscape background

AvaTrade is favored by beginners for its user-friendly interface and supportive learning environment. It provides access to a variety of markets including Forex, stocks, and commodities, with a focus on CFD trading.

Pros

Cons

76% 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.

AvaTrade specializes in Forex and CFD trading, offering a user-friendly platform that caters to traders of all levels. Its app provides access to a wide range of trading instruments, including cryptocurrencies, with robust risk management tools. AvaTrade’s unique educational resources and trading webinars make it a solid choice for beginners looking to enhance their trading skills.

Plus 500 logo linking to review
4.5/5

TIC Score 4.5/5

Plus500 - Intuitive platform with a wide range of instruments

Plus500 mobile app interface featuring indices trading with Chicago Bulls partnership logo.

Plus500 is a streamlined CFD trading platform that offers a wide range of instruments with a simple and clear interface. It caters to traders looking for a fuss-free experience with competitive spreads.

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.

Plus500’s app is known for its simplicity and ease of use, making it appealing to casual traders and beginners. It offers a broad selection of CFD trading options across various asset classes, including stocks, Forex, and commodities. A unique feature of Plus500 is its risk management tools, such as stop-loss and trailing stop orders, which help protect investments.

Pepperstone Logo Blue and White linking to Pepperstone homepage
4.5/5

TIC Score 4.5/5

Pepperstone - Competitive pricing for Forex and CFD traders

Pepperstone's trading platforms and tools with a mobile phone showing stock charts on a dark blue tech-inspired background.

Pepperstone is renowned for its lightning-fast execution and low-cost pricing in Forex and CFD trading. It’s favored by both new and experienced traders for its exceptional customer service and user-friendly interface.

Pros

Cons

81.7% 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.

Pepperstone is celebrated for its low spreads and fast execution, appealing to active traders and scalpers. The app integrates seamlessly with third-party trading platforms like MetaTrader 4 and 5, offering customization and advanced charting tools. Pepperstone’s unique offering includes a diverse range of educational resources and trading strategies for traders at all levels.

IG logo red for summary table
4/5

TIC Score 4/5

IG - Broad market access with advanced trading tools

IG's UK trading app advertisement with mobile screens displaying stock, forex, and indices market data.

IG offers a broad spectrum of markets to trade on and boasts excellent educational content, making it ideal for traders of all levels. It stands out with its extensive market access and robust trading tools.

Pros

Cons

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

IG provides one of the most comprehensive trading apps, with access to over 17,000 markets, including stocks, indices, and Forex. It’s known for its state-of-the-art trading platform, advanced charting packages, and extensive market analysis. IG’s unique feature is its ProRealTime access, offering automated trading and advanced monitoring options.

Trade Nation Logo
4/5

TIC Score 4/5

Trade Nation - Simple, transparent pricing and high customer satisfaction

Trade Nation's homepage highlighting low-cost spread betting and popular market categories on a vibrant orange backdrop.

Trade Nation is a transparent trading platform with a strong focus on customer satisfaction. It offers fixed spreads and a simple, clear pricing model, appealing to traders who value simplicity and honesty in fees.

Pros

Cons

79% 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.

Trade Nation stands out for its transparent pricing model and fixed spreads, making trading costs predictable. The app is designed with simplicity in mind, offering a straightforward trading experience without compromising on tools. A unique aspect of Trade Nation is its commitment to customer support, offering personalized assistance to traders.

Trading 212 logo
4/5

TIC Score 4/5

Trading 212 - Commission-free trading across numerous assets

Trading 212 investment platform on a mobile device screen showcasing stock performance graphs with a Trustpilot rating

Trading 212 is a fintech company that provides a user-friendly interface and commission-free trading. It is popular among beginners and offers a wide range of assets, including stocks and ETFs.

Pros

Cons

79% 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.

Trading 212 is a popular choice for its commission-free trading model and easy access to global stock markets. The app offers a user-friendly interface, with features such as a free practice account with virtual money. Trading 212’s unique selling point is its fractional shares feature, allowing users to invest in high-value stocks with smaller amounts of money.

xtb logo
4/5

TIC Score 4/5

XTB - High-performance trading on a user-friendly platform

XTB xStation mobile app preview with a smartphone displaying CFD market options on a clean, white background.

XTB offers a comprehensive trading experience with its award-winning xStation platform. It provides traders with fast execution, transparency, and a wide range of educational resources.

Pros

Cons

81% 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.

XTB’s xStation mobile app is acclaimed for its award-winning design and functionality, offering fast and reliable trading on a wide range of instruments. It features comprehensive charting tools, real-time market commentary, and performance statistics. XTB’s unique educational program, Trading Academy, caters to both novice and experienced traders.

How to Choose the Right Stock Trading App for your Needs

Choosing the right stock trading app is akin to selecting a partner for your investment journey—it requires careful consideration of your goals, a balance of functionality and ease of use, a keen eye on costs, and the assurance of quality support. In the digital age, where a plethora of apps are vying for your attention, making an informed decision is paramount. Here’s how you can pinpoint the best stock trading apps uk app that not only resonates with your investment ethos but also empowers your trading decisions.

Assessing Your Trading Goals and Strategy

Your investment strategy is the cornerstone of your trading endeavors. Are you looking for long-term growth with stocks, or do you wish to engage in the fast-paced world of day trading? Different apps cater to different, investment strategies and styles, with platforms like Saxo offering a breadth of instruments for the seasoned investor, while AvaTrade provides a comforting on-ramp for novices.

Risk tolerance is highly personal. Some traders thrive on the adrenaline rush of high-risk trades, while others prefer a more measured approach. It’s essential to align with an app that mirrors your risk profile. For instance popular stock trading app, eToro with its social trading dimension, allows for a diversified approach by copying the trades of experienced investors, potentially mitigating risk.

Comparing App Features and Usability

A user-friendly interface can significantly enhance your trading experience. It’s not just about aesthetics; it’s about how quickly you can execute trades, navigate through the markets, and access important information. IG shines with its clean and intuitive design, allowing for smooth navigation, which is especially crucial for beginners.

Technical analysis is vital for many traders. Apps like Trading 212 and XTB offer a suite of charting tools that can help predict future market movements. Ensure the app you choose has the technical capabilities to match your analysis needs, including:

  • Real-time data

  • A variety of indicators

  • Customizable charts

Evaluating Costs and Fees

Costs can eat into your profits. While Trading 212 advertises commission-free trading, always read the fine print for potential hidden fees. Apps like Plus500 and eToro, known for their transparency, are commendable for providing clear pricing structures.

Fees can vary wildly, from spreads to commissions, and they all affect your bottom line. Apps like Saxo might have higher fees, but they also provide value through advanced tools and analytics. Balance the cost with the value received to ensure it aligns with your investment goals.

Researching Customer Service and Support

When the market moves fast, getting timely support can make a difference. Check for the availability of various support channels, such as live chat, phone, and email. Platforms like Pepperstone are celebrated for their customer service, ensuring you’re not left in the lurch when it matters most.

The quality of customer support is just as crucial as availability. Read reviews and testimonials about the app’s customer service. A responsive, knowledgeable, and courteous support team can be the hallmark of the best trading apps, like Trade Nation, bolstering your mobile trading apps experience with peace of mind.

In summary, choosing the right stock trading app involves a balanced consideration of your individual needs and the app’s offerings. Whether you value sophisticated analytical tools, a user-friendly interface, cost-efficiency, or reliable customer service, there is an i uk stock trading app out there that fits the bill. Carefully assess your options, and you’ll find a best stock trading apps and companion that not only meets but exceeds your expectations.

How to Access International Markets

Accessing international markets and investment funds is a strategic move that can significantly expand your investment horizon. By stepping beyond your domestic boundaries, you unlock a world brimming with opportunities, allowing you to tap into the growth potential of different economies and industries.

Understanding the Benefits of Global Trading

Diversifying your portfolio across various geographical regions is a tried-and-true method to mitigate risk. International trading apps like Saxo Bank give you access to a global stage, where you can invest in emerging markets and blue-chip stocks from Silicon Valley to Shanghai, diluting the risk inherent to relying on a single market.

Three stacks on coins with money trees growing out the top

Investing internationally means your portfolio benefits from the growth of multiple economies. Whether it’s the tech giants in the U.S. or the manufacturing behemoths in Germany, apps such as IG and XTB can be your gateway to a broader economic exposure, often leading to a robust investment portfolio.

Identifying Apps with Global Market Access

Finding an app that provides a window to the world is essential. Platforms like eToro and Admirals offer a plethora of international stocks and CFDs. It’s important to choose an app that offers a comprehensive selection of global assets, including:

  • International equities

  • Global indices

  • Foreign exchange markets

  • International commodities

Currency Exchange and Conversion Fees

When trading across borders, you’re often dealing with multiple currencies. This is where apps like AvaTrade come into play, as they provide competitive currency exchange rates. Always consider the conversion fees associated with trading international assets, as these can affect the cost-efficiency of your investments.

The ability to access international markets opens up a new realm of possibilities. From diversifying your portfolio into other asset classes to immersing yourself in the dynamics of global economies, the right app can provide the perfect conduit for your international trading ambitions. Look for apps that not only offer a range of global assets but also do so with transparent pricing and robust support, ensuring that your foray into international stock markets, is as seamless as possible.

How is Stock Trading Taxed and Regulated in the UK

In the UK, navigating the complex world of the stock market, trading taxes and regulations is crucial for investors. Understanding the fiscal obligations and the roles of regulatory bodies can help in ensuring compliance and optimizing investment returns.

Overview of UK Stock Trading Taxes

When you sell stocks at a profit, you may be liable to pay Capital Gains Tax (CGT). This tax is applied to the gains you realize after selling your shares, not on the total amount you receive. Each individual has an annual tax-free allowance, and any gains above this threshold are subject to CGT at rates dependent on your overall income.

Dividends received from stock investments are also subject to taxation. The UK has a Dividend Allowance, within which dividends are tax-free. Beyond this allowance, dividends are taxed at varying rates, depending on your income tax band. This taxation element is key to consider when receiving shareholder distributions.

Bull and bear pulling away from each other with green and red arrows

Regulatory Bodies and Their Roles

The FCA is the watchdog of the financial markets in the UK, ensuring that firms and brokers operate transparently and in the best interest of consumers. They set the standards for fair and ethical trading, providing security to investors in the trading environment.

HMRC is responsible for the collection of taxes and enforcement of tax laws. It requires investors to disclose and pay taxes on their investments. Understanding HMRC guidelines is vital for compliance and avoiding potential penalties.

Understanding Tax Obligations and Reporting

Investors must report their trading income to HMRC, typically through a Self-Assessment tax return. It’s important to keep meticulous records of all trades, as this information will be needed to calculate taxable gains and potential tax liability accurately.

There are certain deductions and allowances that can mitigate the amount of tax you owe. For instance, losses on stock sales can be offset against gains, and you may also be eligible for relief if you invest in certain types of shares or mutual funds. Maximizing these benefits requires a thorough understanding of the tax code.

Navigating the taxation and regulatory environment of global stock markets and trading in the UK demands diligence and a proactive approach. Engaging with these obligations ensures that you remain compliant and can also enhance the efficiency of your investment strategy. By staying informed and leveraging available deductions and allowances, investors can position themselves favorably within the bounds of UK tax laws.

What Fees are Charged

Understanding the various fees associated with various stock exchanges and trading apps is essential for every investor. These fees can affect the profitability of your investments, and it’s wise to familiarize yourself with the most common types.

Types of Fees in Stock Trading Apps

Commission fees are charged by brokers for executing trades. They can vary widely between apps; some platforms like Trading 212 offer zero-commission trading for certain assets, while others may charge a flat fee or a percentage of the trade volume.

The spread, the difference between the bid and ask price of a stock, is a cost that is implicitly paid on each trade. Overnight fees, also known as swap fees, are charged when a leveraged position is held open past the trading day. Apps like Pepperstone may offer competitive spreads, but always check for overnight costs if you plan to hold positions long term.

Impact of Fees on Trading Performance

To understand the real impact of fees on your investments, you must consider them in your total cost of trading. Even small fees can add up and eat into your profits over time, especially if you’re a frequent trader. Using a fee calculator provided by many trading platforms can help you see the cumulative effect of these costs.

To minimize fees, you can:

  • Choose an app with a fee structure that matches your trading frequency and style.

  • Take advantage of tax-efficient accounts like ISAs or SIPPs, where applicable.

  • Use limit orders to enter trades at your desired price, thus avoiding higher costs during periods of volatility that can affect spreads.

  • Stay aware of any offers or changes in the fee structure that may benefit your trading strategy.

Being strategic about the fees associated with stock trading apps can make a significant difference in your investing journey. Selecting the right online trading platform that aligns with your trading habits and utilizing the tools available to manage and reduce costs will enable you to maximize your trading performance and keep more of your hard-earned profits.

What Account Types Are Available in Todays Apps

In today’s digital trading landscape, stock trading apps offer a variety of account types tailored to the needs of different investors, from novices to seasoned professionals. Understanding these options helps in selecting the right one trading account or stock app that aligns with your investment objectives and experience level.

Exploring Different Account Types

Demo accounts are a boon for beginners, allowing them to practice trading without risking real money. These accounts offer a safe environment to understand market dynamics, test strategies, and get familiar with the app’s features. Platforms like eToro and Plus500 provide demo accounts with real market conditions for a hands-on learning experience.

Most traders start trading out with a standard account that offers basic trading features and access to a range of markets. Professional accounts, on the other hand, are designed for experienced investors and come with perks like higher leverage, but also carry greater risks and require proof of trading experience and financial expertise for eligibility.

Specialized Account Features

Margin accounts allow traders to borrow money from the broker to make larger trades, amplifying both potential profits and losses. They are a key feature for those looking to engage in leveraged trading. Brokers like Saxo and Pepperstone provide margin accounts, but it’s vital to understand the risks involved with trading on margin before utilizing such accounts.

Some trading apps offer retirement accounts, like Self-Invested Personal Pensions (SIPPs) in the UK, which come with tax benefits to encourage saving for retirement. Investors can often get tax relief on contributions and enjoy tax-free growth of their investments within these accounts.

Today’s trading apps cater to a diverse range of investors, offering accounts that accommodate various levels of risk tolerance and investment expertise. Whether it’s a free demo account for risk-free practice, a standard account for regular trading, a professional account for experienced traders, or a specialized account for retirement savings, these platforms are equipped to meet the evolving needs of their users. Choosing the right account type is a foundational step in crafting an investment approach that suits your financial goals and trading style.

FAQs

A: The top UK stock trading apps include platforms like Saxo, IG, and Trading 212. They offer a range of tools and access to various markets, making it convenient for users to trade stocks, exchange-traded funds (ETFs), and more.

A: Yes, investments made through UK stock trading apps are typically protected up to a certain limit under the Financial Services Compensation Scheme (FSCS), providing peace of mind in the event that the firm managing your investments fails.

A: Yes, many UK stock trading apps provide direct access to the London Stock Exchange, allowing you to buy and sell investments such as shares, bonds, and exchange-traded funds (ETFs).

A: When you sell investments using a UK stock trading app, you may encounter fees such as commission charges, spread costs, and possibly a foreign exchange fee if you’re trading in a currency other than the British Pound.

A: To trade stocks effectively while managing foreign exchange fees, look for UK stock trading apps that offer competitive forex rates and transparent fee structures. Some apps may also offer tools to help you lock in exchange rates or hedge against currency fluctuations.

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