The Best Investing Apps For Beginners and Experts
Investing can seem daunting, but the best investing apps uk make it super simple for anyone to become a savvy market maven. These nifty tools are designed to simplify the whole process of managing a diversified portfolio, tracking your investments and getting tips from seasoned investors. You can start small with as little as PS25 or even PS1 with platforms that offer fractional investment options. As you grow in confidence, you can increase the amount you invest.
One of the most important factors to consider when selecting an investment app is whether it’s regulated. Look for a platform that is regulated by the FCA or equivalent in your country. This ensures that your money is safe should something go wrong with your account.
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If you’re a beginner, it’s worth looking for an app that offers a ready-made portfolio that can be customised to your investing savviness and risk tolerance. This is often cheaper than investing with a broker.
Another option is to use a self-managed investment app like Freetrade, Wealthhood or Chip. These offer a great range of investments and low fees – you can trade funds, UK and overseas shares and investment trusts.
For more advanced investors, a great choice is Moneyfarm. This offers a range of ready-made portfolios, personalised advice and a competitive fee structure for higher investments. Users love the clear app interface and option to speak with advisors. They also appreciate the theme-based investments and low fees.