In the following list, we have compiled the finest trading apps available in the UK. Our evaluation of these top stock trading platform apps takes into account a range of factors, including fees, commissions, user-friendliness, trading tools, security, regulatory compliance, and more.
List of the Best Trading Apps UK 2024
Here is a compilation of the top-rated trading apps available in the UK. Each of these trading apps offers unique advantages tailored to different types of investors.
This is our curated list of the best stock trading apps in the UK::
- eToro – Best Overall Trading App in the UK
- AvaTrade – Best Trading App in the UK for Forex
- Pepperstone – Top Trading App in the UK for Low Spreads
- Interactive Brokers – Best Trading App in the UK for Market Access
- IG – UK Trading App with an Extensive Selection of over 12,000 Stocks
- Trading 212 – Best ETF Investment App in the UK
- XTB – Premier CFD Trading App in the UK
- CMC Markets – Forex Trading App in the UK with Low Fees
- Fineco Bank
- Interactive Investor
- Fidelity
- Forex.com
- FXTM
- Hargreaves Lansdown
1. eToro – Best Overall Trading App in the UK
eToro stands out as our top choice for the best overall trading app in the UK. Their user-friendly trading app is particularly suitable for beginners and offers the unique feature of copy trading. It's worth noting that eToro does not provide ISA or SIPP accounts.
One of the standout perks of eToro is its 0% commission on selected U.S. stocks, making it an attractive option for stock traders. The platform provides access to a wide range of shares from prominent stock exchanges like NASDAQ, New York Stock Exchange, London Stock Exchange, Euronext, and more.
For a comprehensive review of eToro, you can explore our in-depth analysis.
Read the Full Review of eToro.
eToro simplifies the account opening process with a fully digital setup, and they recommend utilizing the demo trading account, which comes preloaded with $100,000 in virtual funds. This allows users to practice trading strategies before transitioning to a real-money account.
Additionally, UK clients benefit from the eToro money app, enabling easy GBP to USD conversion and reducing currency conversion fees.
| PROS | CONS |
|---|---|
| -Social, community-driven trading platform: eToro offers a social trading platform that allows users to engage with a community of traders. This feature is particularly beneficial for those interested in social trading and learning from others. | -Very minimal research and analyst tools/reports: One drawback of eToro is the limited availability of research and analyst tools, which may not fully satisfy traders seeking in-depth market analysis. |
| -Social/copy trading is available: eToro's platform includes the option for social and copy trading, enabling users to follow and replicate the strategies of successful traders. | - Not many charts or technical indicators are available: eToro's platform offers relatively few charting options and technical indicators, potentially limiting the capabilities of traders who rely heavily on technical analysis. |
| -0% commission fees on stocks and competitive trading: eToro provides commission-free trading on selected U.S. stocks, making it cost-effective for stock traders. | -Trading CFDs involves complexity and carries a significant risk of losing money quickly, primarily due to leverage. In fact, 81% of retail investor accounts experience losses when trading CFDs with this particular provider. It's crucial to assess your comprehension of CFD mechanics and evaluate if you can financially withstand the substantial risk of losing your invested capital. |
Please be aware that your capital is exposed to risk, and additional fees may apply. For a comprehensive understanding of associated fees, we recommend visiting etoro.com/trading/fees.
Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.
2. AvaTrade – Top Forex Trading App in the UK
AvaTrade is a well-known online trading platform that provides access to three distinct apps: AvaTrade GO, AvaTrade Options, and AvaTrade Social. Each of these applications caters to specific types of traders and market preferences.
AvaTrade offers a versatile trading experience suitable for various traders and investment approaches, particularly focused on forex options trading via CFDs. The platform equips you with an array of technical tools and access to expert insights, enhancing your trading capabilities.
| PROS | CONS |
|---|---|
| -Provides outstanding research tools Offers a range of specialized app options Simple account opening process and quick start to trading Exceptional customer support available | -Suitable primarily for CFD trading |
3. Pepperstone – Top Choice for Low Spread Trading in the UK
If you're looking to engage in forex trading in the UK, Pepperstone is a highly recommended option. This CFD-focused trading platform offers excellent investment opportunities in the forex market.
Pepperstone is known for its user-friendly interface, efficiency, and it's particularly well-suited for beginners. Additionally, it provides a risk-free demo mode to help you get started.
74-89 % of retail investor accounts lose money when trading CFDs
| PROS | CONS |
|---|---|
| - Active traders can benefit from daily cash rebates. | - Investor protection is not offered for non-EU users. |
| - Offers very low equity index CFD and forex fees. | - Limited to CFD trading, not suitable for other types of trading. |
| The app includes a VIP access feature |
4. Interactive Brokers – Best Market Access Trading App UK
Interactive Brokers provides an excellent mobile app with low trading fees. The app supports trading in a wide range of financial instruments, including Stocks, ETFs, Options, Futures, Currencies, Cryptocurrencies, US Spot Gold, Bonds, Mutual Funds, and Hedge Funds.
They offer two mobile apps, IBKR Global Trader and IBKR Mobile, catering to both beginner to intermediate traders and advanced traders, respectively.
| PROS | CONS |
|---|---|
| - Provides access to a diverse range of investment opportunities. | - Imposes high fees for traders who are inactive. |
| - Offers numerous mutual funds with zero transaction fees. | |
| - Equipped with exceptional tools and research options. |
5. IG – Excellent CFD Trading App UK
Founded in 1974 in the UK, IG has evolved into one of the world's largest CFD brokers. IG is subject to stringent regulation in the UK, ensuring a secure trading environment.
IG's web-trading platform boasts user-friendliness and straightforward navigation. It offers extensive educational materials and resources on CFD trading. Nevertheless, users should be aware that the forex and CFD trading fees are relatively high, and the available trading options are somewhat limited.
| PROS | CONS |
|---|---|
| - An outstanding web-trading platform. | - High CFD and forex fees. |
| - A wide range of withdrawal and deposit options. | - A limited product portfolio. |
| - Excellent educational tools and resources. |
6. Trading 212
Trading 212 stands out as one of the top stock apps for beginners in the UK. It provides access to a wide range of global stocks and ETFs without any commission fees.
With a minimum account requirement of just $1, a demo account for practice, and a user-friendly trading platform, Trading 212 offers an accessible option for new traders.
| PROS | CONS |
|---|---|
| - Trading without commission fees is an option. | - There is a limited selection of investment opportunities. |
| - Opening a Share Account and commencing trading is a straightforward process. | |
| - An intuitive platform that is beginner-friendly. |
7. Fineco Bank
Fineco Bank provides UK investors with an attractive trading platform known for its exceptionally low trading fees and user-friendly interface. This listed broker is considered safe and is available for users in Italy and the UK.
The user-friendly trading platform of Fineco Bank makes it particularly suitable for novice traders. Additionally, it offers a diverse range of investment opportunities to cater to various trader portfolios.
| PROS | CONS |
|---|---|
| - Low non-trading fees. | - Limited availability of educational tools. |
| - Excellent mobile trading platform. | - Charting tools are available. |
| - Trusted broker. |
8. Interactive Investor
Interactive Investor is the second-largest stockbroker in the UK, regulated by the FCA.
The mobile app provided by Interactive Investor is user-friendly and offers convenient portfolio management, a newsfeed, and more. This is particularly beneficial for traders at the beginner to intermediate levels. However, Interactive Investor may not be the best choice for advanced traders. Customer support is outstanding, and the platform is reasonably easy for UK traders to begin using. Nevertheless, it's worth noting that Interactive Investor has a somewhat limited product portfolio and lacks advanced trading tools.
| PROS | CONS |
|---|---|
| - Offers a comprehensive range of traditional investment products. | - Imposes a monthly account fee. |
| - Provides an easy-to-use web trading platform. | - The investment portfolio is limited to "traditional" products. |
| - Boasts excellent customer service. | - Lacks advanced trading tools. |
9. Fidelity
Fidelity is a multinational services corporation catering to various investment strategies with its extensive product portfolio. Fidelity provides commission-free trading and offers fractional share trading.
Their investment products encompass ETFs, stocks, options, mutual funds, and more.
| PROS | CONS |
|---|---|
| - Offers advanced decision-making technology for simplified trading. | - Not the most beginner-friendly platform to navigate. |
| - Provides a wide range of investment products. | |
| - Offers commission-free trading. |
10. XTB
XTB is a global CFD broker that was established in 2002, and its parent company is publicly listed on the stock exchange. The mobile app provided by XTB allows for trading in various markets, including Forex, Indices, Commodities, Stock CFDs, ETF CFDs, and Cryptocurrencies (except in the UK).
Opening an account with XTB requires no minimum deposit, and the broker does not impose deposit fees. However, for withdrawals under £100, a withdrawal fee of £20 applies. XTB facilitates deposits and withdrawals through methods such as Bank Transfers, Credit and Debit Cards, and Skrill.
While XTB offers competitive trading fees, it's important to note that they charge an inactivity fee of £10 after a period of 12 months of account inactivity.
| PROS | CONS |
|---|---|
| - Quick and straightforward account opening process. | - Limited product portfolio. |
| - Low forex fees. | - Higher fees for stock CFD trading. |
| - Free deposits and withdrawals. | - Lack of educational resources. |
11. CMC Markets
CMC Markets, a regulated CFD and forex broker overseen by the FCA, boasts an extensive track record. The platform stands out for its low forex fees and absence of charges for deposits and withdrawals.
With its high-quality web and mobile platforms, CMC Markets provides convenient trading experiences. These platforms are rich in features and can be tailored to meet the requirements of diverse investors.
Furthermore, CMC Markets offers a diverse investment portfolio, complemented by a plethora of outstanding features, research tools, and educational resources.
| PROS | CONS |
|---|---|
| - Low forex fees | - High stock CFD fees |
| - User-friendly trading platform | - Difficulty in opening an account |
| - Access to advanced education and research tools | |
| - Diverse investment portfolio available |
12. Forex.com
Forex.com specializes in forex trading, catering primarily to high-volume traders rather than beginners. While it offers very low forex fees and an easy-to-use mobile platform, it may have limited appeal for those seeking a broader range of trading options.
| PROS | CONS |
|---|---|
| - Low forex fees | - High stock CFD fees through the app |
| - A wide range of currency pair options | - A fairly limited product portfolio |
| - Excellent research tools | - Not ideal for beginners |
13. FXTM
FXTM, also known as ForexTime, is a globally recognized broker for forex and CFD trading. The platform is highly regulated, ensuring safety for traders, and it's particularly attractive to newcomers.
This is thanks to its extensive educational resources, live webinars to enhance trading skills, and the availability of a risk-free demo account. FXTM is known for its user-friendly account opening process, making it straightforward for beginners to start trading.
| PROS | CONS |
|---|---|
| - Suitable for traders of all experience levels. | - High CFD fees. |
| - Easy account opening process. | - Withdrawals, deposits, and inactivity can incur high fees. |
| - User-friendly mobile app. |
14. Hargreaves Lansdown
Hargreaves Lansdown is a prominent FTSE 100 company and one of the largest investment platforms in the UK. They provide three distinct investment options: self-investment, pre-made portfolios, or the services of a financial adviser.
Hargreaves Lansdown grants access to a vast array of over 15,000 financial instruments, encompassing funds, UK and international stocks, ETFs, ETCs, investment trusts, bonds, and more.
For individuals located in the UK, Hargreaves Lansdown stands out as a premier choice.
Hargreaves Lansdown applies an annual fee of 0.45%, with a maximum cap of £45 for ISA accounts and £200 for SIPP accounts.
| PROS | CONS |
|---|---|
| - Offers excellent educational tools. | - ETFs and stocks have high fees. |
| - Provides a user-friendly trading platform. | - The markets and products available could be improved. |
| - Offers customer service. | |
| - Geared toward UK traders.> |
Compare Trading Apps in the UK
Below we compared the top trading apps in the UK based on various factors.
| Trading App |
eToro |
AvaTrade |
Pepperstone |
Interactive Brokers |
XTB |
CMC Markets |
|---|---|---|---|---|---|---|
| Founded | 2007 | 2006 | 2010 | 1978 | 2002 | 1989 |
| Regulation | FCA, CySEC, ASIC, FSAS | FCA, ASIC, FSCA, FRSA, Israel Securities Authority, Financial Services Agency, Financial Futures Association of Japan | ASIC, CySEC, FCA, SCB, DFSA, BaFin, CMA | SEC, CFTC, FCA, NFA, MAS, CBI, IIROC, ASIC, CSSF | FCA, CySEC, Financial Services Commission in Belize | FCA, BaFin, ASIC, IIROC, FMA, MAS |
| Offering Of Investments | Stocks, ETFs, Forex, Crypto, Indices, Commodities | Forex, Stocks, Commodities, FXOptions, Cryptocurrencies, Indices, ETFs, Bonds | Forex, Shares, Indices, Commodities, and Cryptocurrencies | Stocks, ETFs, Options, Futures, Currencies, Cryptocurrencies, US Spot Gold, Bonds, Mutual Funds, Hedge Funds | Forex, Indices, Commodities, Stock CFDs, ETF CFDs, Crypto | Forex, Indices, Cryptocurrencies, Commodities, Shares, Share Baskets, Treasuries |
| Minimum Deposit | $50 – $100 | $100 | $0 | $0 | $0 | $0 |
| Demo Account | Yes | Yes | Yes | Yes | Yes | Yes |
| Withdrawal Fee | $5 | $0 | $5 | 1 Free Withdrawal per Month | 20 USD for withdrawals under 100 USD | $0 |
| Inactivity Fee | $10/month | $50/month After 3 Months | $0 | No | $10 monthly after 12 months | $15 monthly after 12 months |
| Deposit Methods | PayPal, Skrill, Neteller, Credit Card, Debit Card, Rapid Transfer, iDEAL, Klarna / Sofort Banking, Bank Transfer, Online Banking – Trustly, POLi | Credit and Debit Cards, Wire Transfer, e-payments | Credit/debit cards, Bank/Wire Transfer, PayPal, Neteller, Skrill, UnionPay, BPay, PoLi | Bank Wire, Credit Cards, ACH, Mail a check, Rollover, Online Bill Pay, Trustee-to-Trustee, SEP Contribution | Bank Transfers, Credit and Debit Cards, Skrill | Bank Transfers, Credit and Debit Cards, PayPal |
How to Choose a Mobile Trading App in the UK?
When selecting a trading app in the UK, there are several critical factors to consider. Here are the key aspects to keep in mind:
1. Available Markets:
Different trading apps provide access to various investment opportunities. Ensure that the app aligns with your investment strategy, whether it focuses on forex, CFDs, stocks, cryptocurrencies, ETFs, or other assets.
Always ensure that the app you choose suits your trading requirements.
2. Day Trading or Investing:
Determine whether you are interested in day trading or long-term investing. Some apps are designed for active day traders, while others cater to long-term investors.
3. Regulation
Choose a regulated app to ensure transparency and security in your trading activities. All the listed apps are properly regulated for safe use in the UK.
4. Fees & Commissions
All of the apps listed above are properly monitored and regulated for safe use in the UK.
5. Account Opening Process
The account opening process should be straightforward, with some apps offering fully digital account setup, while others may require more extensive verification.
6. Functions
Look for apps that offer additional features such as alerts, notifications, charts, watchlists, real-time data, news updates, portfolio tracking, and more to enhance your trading experience.
7.Education & Research Tools:
Comprehensive educational resources and research tools are vital, especially for beginners, to help you make informed decisions.
8. Order Execution Speeds
For active traders, execution speed is crucial to ensure you can buy and sell assets at real-time prices.
9. Leverage Available
If your trading strategy involves leverage, ensure that the app supports margin trading.
10. Order Types
Consider the available order types, such as market orders, limit orders, trailing stops, and others, to align with your trading strategy.
11. Account Minimums
Determine the minimum capital required to open an account, as this varies among apps.
12. Demo Accounts
Look for apps that offer demo accounts, allowing you to practice trading with virtual funds before risking real money.
13. Deposit Methods
Ensure that the app supports deposit and withdrawal methods that are convenient for you and check for associated fees.
14. Customer Support
Opt for an app with reliable customer support to address any queries or issues promptly.
15. Ease Of Use
Choose an app with a user-friendly interface that suits your trading preferences, whether you prefer simplicity or advanced features.
16. Copy Trading:
Some apps, like eToro, offer copy trading, allowing you to follow and replicate the trades of successful investors, which can be advantageous for beginners.
Best App for Trading Stocks in the UK:
eToro is the top choice for trading stocks in the UK due to its user-friendliness and extensive range of global shares. It offers both physical shares and share CFDs with leverage.
Best Trading App for Beginners in the UK:
eToro is also recommended for beginners, thanks to its copy trading feature, demo mode, and user-friendly platform.
Best Day Trading App in the UK:
For day traders in the UK, eToro is a suitable choice due to its versatility and ease of use.
Best Trading App in the UK for Forex:
AvaTrade is the recommended option for forex traders in the UK, offering competitive forex fees and a wide range of currency pairs.
Best Trading App for Copy Trading in the UK:
eToro stands out as the go-to app for copy trading, allowing users to follow and automatically replicate the strategies of successful traders.
FAQ
Are Trading Apps Safe?
Yes, as long as they are properly regulated. All the listed apps are regulated and offer a safe trading environment.
Do Day Traders Pay Tax In The UK?
Taxation depends on the specific instruments traded, but there is no specific tax for day trading in the UK.
How Do I Start Trading With an App In The UK?
Choose a regulated broker, consider using a demo account to practice, and fund your account.
Is Day Trading Through Trading Apps Legal in the UK?
Yes, day trading is legal when conducted through registered and regulated brokers.
Who Regulates Trading Apps in the UK?
The Financial Conduct Authority (FCA) is the primary regulatory authority for brokers in the UK.
How Much Do I Need To Start Trading?
The required capital varies by platform, with some allowing low minimum deposits and others targeting larger capital amounts.
What are Funds (Unit Trusts and OEICs)?
Funds are professionally managed investment vehicles where investors pool their money to access a diversified portfolio of assets.
