Not too long ago, investment apps uk was a practice that largely belonged to the wealthy. Now, thanks to Fintech companies, almost anyone with a smartphone can become an investor. Whether you want to invest in ready-made portfolios or are interested in using a robo advisor to manage your investments for you, there is an app out there for everyone. To make the most of your money, you need to know how to select the right investment apps uk for your needs. First, you should decide on your preferred investing strategy. This will help you narrow down your selections and avoid spending more than necessary. Next, consider the costs of each platform to see which offers the best value for your money. Finally, check if the app you’re considering is covered by the Financial Services Compensation Scheme.
As of my last knowledge update in September 2021, here are some investment apps
Some of the best investment apps uk include eToro and Freetrade, both of which provide user-friendly interfaces. Both offer low trading fees and a variety of assets to trade, including index tracker funds, individual stocks and shares, ETFs, equities, REITs, government bonds and gilts, corporate bonds, and treasury bills.
Other apps to consider include Fineco Bank, which provides a user-friendly mobile platform that combines investment and banking services. It’s easy to open an account with this app, although you will be required to submit certain personal information as part of the Know Your Customer (KYC) process. Another good choice is Interactive Investor, which offers a streamlined interface and is backed by the FTSE 100 company AJ Bell. The app also uses biometric technologies like face recognition and fingerprint scanning to enhance security. It has a strong focus on self-directed investors and provides an extensive suite of assets for crafting your ideal portfolio.