Investing is one of the best ways to make money over the long term. However, it can be daunting for beginners. This article highlights some of the best uk investment apps for beginner investors with small amounts to invest.
Many investing apps in the best uk investment apps have a low minimum deposit amount, such as eToro with just PS25 and Freetrade at just PS2. Some also offer fractional share ownership, which lets you buy a slice of a stock instead of an entire share. This can be especially helpful for beginners as it lowers the barrier to entry.
Another advantage of these apps is their low fees. For example, AJ Bell Youinvest offers a competitive 0.25% platform fee and low investment fund fees. It also offers a full suite of retirement accounts, including stocks and shares ISAs, lifetime ISAs, junior ISAs, SIPPs, and GIAs.
Investing Made Easy: Exploring the Best UK Investment Apps
Most of these investment apps are available to download on Android and iOS. They are all regulated by the Financial Conduct Authority, which ensures they have sufficient capitalisation to cover customer losses and comply with rules regarding personal data.
Some of these investment apps also offer a range of trading tools, including charts, news feeds, and expert commentary. The eToro app, for instance, is great for beginners and offers an easy-to-use interface and educational resources. It also covers topics like market insights, financial news, and social media trends, and it has a variety of asset classes to choose from, such as stocks, ETFs, cryptocurrencies, and forex.