17 min read

📈 13 Best Stock Trading Apps in the UK (2021)

Stocks trading

The key to profiting from your investments is selecting the best stock broker that suits your interest. While there are several stock trading apps to choose from, selecting the wrong one can automatically turn your online investing journey from a thrilling experience to a huge disappointment.

Investing in the UK is not very difficult if you find a suitable online trading platform. How, though, can you find the best trading app that meets your every need since there are thousands of online trading platforms to choose from?

In this guide, we have made you a list of the best stock trading apps available for UK residents. More to that, you will be getting a breakdown of everything you should look for in stock buying apps and how you can use them.

Without wasting any time, let's find out what these stock trading apps are.

What are stock trading apps?

In recent years, a great majority of our daily activities involve our mobile devices. So, to ensure that you stay in the game and keep an eye on your finances, most stockbrokers have adopted the trend and developed stock trading apps.

Stock trading apps allow you to take control of your finances and monitor the performance of your investments using just your mobile phone or tablet.

With stock trading apps, you can manage your accounts, conduct both basic and advanced trades, and keep in touch with market movements.

Similar to crypto exchanges for cryptocurrencies, these trading apps make the stock market readily accessible to beginners in the industry as they have user-friendly interfaces that enable both newbies and pros to start trading right away.

Although certain crypto exchanges like Binance are already listing tokens linked to stocks, their offering is way below bar when compared to traditional stock trading platforms.

Best stock trading apps and platforms in the UK

eToro — Overall Best UK Stock Trading App With Zero Fees

etoro

eToro is undoubtedly one of the best stock trading apps in the UK. It is a multi-asset interactive broker that is beginner-friendly and allows users to trade several assets such as stocks, forex, commodities, cryptocurrencies, and more.

It is the best trading platform for beginners. With a carefully designed user interface, fast trade execution speed, and a list of trading tools, you can't go wrong with eToro.

Features

  • Easy access to crypto investing
  • Graph trading scenarios
  • Valuable free training on trading techniques.
  • Social news feeds with open trading notifications
  • Provision of demo accounts.
  • Easy access to crypto investing.

Pros

  • A personalized news feed that suits your trading needs
  • Copy-trading, allowing you to follow and copy experts' trades and portfolios
  • Intuitive and easy to use interface
  • Discussion boards
  • Highly advanced proprietary trading platform.
  • Regulated by several top financial watchdogs including the FCA, CySEC, and ASIC.
  • Access to top cryptocurrencies by market cap.

Cons

  • Limited access to technical indicators
  • Absence of biometric login 
  • No access to analyst reports

The eToro trading app is available for both Android and iOS devices. The trading platform is also fully functional on the web version.

Visit eToro

IG — Oldest and Most Reliable CFD Trading App

ig

Established in 1974, IG is one of the most popular and reliable stockbrokers. The best thing is that IF has moved on with the times, and now offers a user-friendly app with a long list of amazing features.

The platform gives you access to thousands of financial instruments including CFDs, options, spread-betting, cryptocurrency, stock trading, and more.It has an easy-to-use app interface that allows you to get work done as fast and smoothly as possible, without even breaking a sweat.

IG allows you to manage a diversified investment portfolio using 7 order types, with alerts to help notify you of various market movements.

Features

  • Fully operational and educational demo account set up
  • Diversity of trading accounts options
  • Trade alerts and watchlists
  • IG short-selling

Pros

  • Access to over 17,000 listed markets
  • Access to several international markets including the US, South Africa, France, and more
  • Variety of order and alert types
  • Very intuitive 
  • Leverage and short-selling
  • Great research and analysis tools
  • Top-notch customer support system 
  • Highly trusted trading app, fully regulated by several top financial watchdogs

Cons

  • User accounts not secured by two-factor authentication 
  • Minimum deposit of £250
  • Not suitable for beginners as the variety of trading assets, markets, and tools can be very overwhelming for inexperienced users.

The trading app is available for download on both Android and iOS devices. However, it is best suited for Android users as the iOS version does not support deposits/withdrawals and real-time price alerts. The web version is also fully operational.

Interactive Brokers — Award-Winning Trading App

Interactive Brokers

Interactive Brokers (IBKR) is a stock trading app that gives you direct access to US financial assets while in the UK without having to search for an international broker.

This trading app offers you access to several international markets, including the US stock market, at the lowest prices with its fully equipped user interface.

IBKR has a variety of charting tools, trading alerts, and order types. It has a strong security system that outperforms those of other stock trading apps in the market.

Its research materials are equally top-notch with all the basic information, analyst reports, and price history of any assets that you wish to trade on the platform.

Features

  • Low trading fees
  • Great research tools
  • Diverse account based currencies
  • Access to thousands of financial instruments including crypto, stocks, and bonds.

Pros

  • Two-factor authentication system
  • Access to one of the best educational and research tools
  • Access to the US stock market at relatively low prices
  • Low trading commissions
  • Clear and free trade reports

Cons

  • Not beginner-friendly
  • High inactivity fees

Plus500 — Best App for Trading CFDs Globally

plus500

Plus500 is one of the leading stock trading apps, especially when it comes to trading Contract for Differences (CFDs). It gives you access to actively participate in the global market. CFDs allow traders to make price predictions of underlying assets, whether the prices will go up or down, to make massive profits.

Plus500 is the best app for trading CFDs as it has a highly intuitive interface with a list of features that are guaranteed to cater to your trading needs. 

This app allows you to find what you need with its search option, then, you can optimize your trading experience with the various available markets, limit, stop, and trailing stop orders.

With this app, you can automate your trading and keep in touch with market movements by setting up alerts for email, SMS, and notifications that will pop up on your phone screen.

Features

  • Access to over 24 different stock exchanges across the globe
  • Access to a wide variety of investment assets including crypto, stocks, ETFs, indices, and more
  • Zero commission fees
  • Trader Sentiment feature that allows you to see what assets other traders are trading and thinking about

Pros

  • Easy to use app interface
  • Zero commission charged on forex trading positions
  • Zero transaction fees
  • A substantial number of trading alerts
  • Trader Sentiment feature
  • Highly regulated
  • Availability of leverage facilities
  • Plus500 is a highly secured trading app with a two-step login and biometric authentication

Cons

  • Lack of advanced charting and analysis tools
  • Unavailability of traditional investment assets.
  • No direct ownership of stocks as they can only be traded via CFDs.

The Plus500 stock trading app is currently available for download on both Android and iOS devices. The web version is also fully operational. 

City Index — Fully Regulated Stock Trading App

City Index

City Index is one of the reputable stock trading apps available in the UK since it is licensed and regulated by the FCA. The trading app primarily offers spread betting as well as CFD and stock trading. 

Features

  • Customizable trading platform
  • Diverse research tools
  • Fully functional demo account
  • AI-powered trading bots.

Pros

  • Excellent educational tools
  • Highly regulated
  • Superb customer support system
  • No minimum deposit
  • Diverse research tools

Cons

  • High non-trading fees
  • Limited assets to invest
  • Lacks advanced trading, research, and charting tools.

Capital.com — Online Trading App With Access to All Markets

capital.com

Capital.com is a user-friendly trading app that is perfect for both newbies and experienced traders in the market. It has a simple and clear interface that allows you to easily select which stocks you wish to trade.

Using real-time data and fast execution speeds provided by the trading app, you can benefit fully from the rapidly changing stock movements.

Capital.com is also one of the best online trading platforms to trade CFDs safely without experiencing many losses as it has several tools to guide you on your investment journey.

This trading app charges zero trading, deposit, and withdrawal commissions since it makes its profit from the buy/sale spreads.

With a highly intuitive interface that has a list of technical indicators and alerts, you can be sure that you are making wise trading decisions while using this app.

Features

  • Access to over 3,000 markets and a wide array of investment instruments to trade on
  • Highly intuitive user interface
  • A demo account option
  • Highly effective CFD trading guide materials

Pros

  • Low minimum deposit of £20 on the trading app
  • Highly regulated by top financial regulators including FCA, CySEC, and the National Bank of Belarus
  • Over 3,000 investment assets to choose from
  • Slick app design
  • Highly educational videos
  • Sophisticated risk management tools including price alert systems, stop loss or limit orders, and negative balance protection

Cons

  • Access to maximum leverage of 1:30 for retail traders
  • Not compatible with MT4/MT5 trading platforms

IronFX — Online Trading App With High Leverage for Traders

ironfx

IronFX is a leading stocks trading app that is recognized both within and outside the UK. The company is registered in Cyprus and has carefully crafted product offers that suit the needs of both its retail and institutional clients. 

Users get access to over 300 tradable assets, including forex, commodities, stocks, cryptocurrencies, and more.

Features

  • An auto-trade feature that allows you to copy the trades of expert traders on the platform.
  • Fully funded demo account to help beginners 
  • Partnership programs for interested affiliates.

Pros

  • Highly regulated by the FCA, ASIC, CYSEC, and FSCA
  • Multilingual customer support service
  • Over 300 tradable assets
  • High leverages of up to 1:1000
  • Free educational tools

Cons

  • Very few tradable assets compared to some other trading apps.
  • Customer support not available on weekends.

FXCM — EU Forex Trading App With Zero Commission

fxcm

Forex Capital Markets (FXCM) is an excellent trading app that not only offers you access to CFDs for several tradable assets but also allows you to participate in spread betting. With an intuitive interface design, FXCM allows you to spread bets on its app without any capital gains or stamp duty. It makes spread betting and CFDs trading very easy. 

Features

  • Real-time news and educational resources
  • Access to diverse assets including stock, cryptocurrencies, ETF, and commodities.
  • A fully operational demo account
  • Research and trading tools

Pros

  • User-friendly interface design
  • Zero trade commissions 
  • Great customer support system
  • Excellent educational tools

Cons

  • High bank withdrawal fees
  • High inactivity fees, up to £50 monthly
  • Not ideal for beginners 

FXCM is available on both Android and iOS devices and can be downloaded for free.

Fineco Bank — Stock Trading App for Premium Traders

fineco

The name makes it sound like a traditional bank, but it isn’t. Fineco is another popular stock trading app that has over 1 million users in Europe. The platform offers you access to a mind-blowing array of tradable assets, either as CFDs or outright purchases.

With over 10,000 shares from various stock markets in the US and UK, Fineco offers clients a zero percent commission for trading stock CFDs. Fineco Bank charges relatively low fees and has no minimum deposit for CFD trading or share dealing.

Features

  • Proven track record
  • Fully equipped demo account
  • Variety of tradable assets, including stocks, crypto, ETFs, and more
  • No minimum deposit
  • Individual savings account with tax free investments.

Pros

  • More than 10,000 available assets to trade
  • Zero commission for Shares CFD trading
  • Super intuitive user interface
  • Variety of research tools and a customizable news feed
  • Excellent customer support service
  • Highly regulated

Cons

  • Few technical analysis tools
  • No support for crypto trading.
  • Not suitable for advanced traders

The Fineco Bank stock trading app is available for downloads on both Android and iOS devices. However, the advanced features of this trading app are only available on the web version.

Libertex — Zero Spread Stock and Crypto Trading App 

libertex

Libertex is a zero-spread stock trading app that is ranked among the best stockbrokers in the UK. Libertex gives you access to several financial instruments, including indices, stocks, commodities, and more

Libertex allows retail traders to enjoy leverages of up to 1:30 while professional investors can enjoy even higher leverages, up to 1:600.

Features

  • Access to stocks, ETFs, cryptocurrencies, and more which are all traded as CFDs.
  • Fully-fledged demo account loaded with £50,000 to practice trading
  • Access to several international stocks
  • Deposit funds with credit and debit cards 

Pros

  • Extremely low minimum deposit, just £8
  • Loads of technical indicators
  • Zero spreads on all asset classes
  • Highly regulated
  • The widest range of payment methods 
  • Relatively low commission charges

Cons

  • Limited tradable assets, only a couple hundreds.
  • Limited educational materials 

Libertex stock trading app is fully functional and available for download on both Android and iOS devices.

Investous — Best Stock Investing App for Beginners

investous

Investous is one of the best commissionless stock trading apps available for UK users. It has over 270 trading instruments and allows retail users to enjoy leverages of up to 1:30. Investous allows you to customize your trading screen and make use of the abundant technical indicators.

Features

  • Access to stocks, cryptocurrencies, forex, and commodities which are all traded as CFDs
  • Fully equipped demo account
  • Loads of research tools supplied by MT4

Pros

  • Ideal for new investors
  • Zero trading commissions
  • Full support for MT4 on the mobile apps
  • Low spreads.
  • Access to multiple technical indicators and advanced charts

Cons

  • Very few tradable assets
  • Relatively high minimum deposit, about £200

Investous is available for download on Android, iOS, and even Windows phones.

AvaTrade — Best Moneyback Stock Trading App

ava trade

This is a highly functional trading app that is extremely popular for its diversity. It has three separate mobile trading apps, including AvaTrade GO, AvaTrade Options, and AvaTrade Social.

The AvaTrade GO is the main mobile app and it has the AvaProtect feature, which ensures that you get money back on every trade you lose.

The AvaTrade Options is suitable for traders who wish to only trade options. It provides access to advanced technical indicators and charting tools. Using this app, you can trade options for more than 40 currency pairs.

AvaTrade Social is a social app that allows you to connect with other traders and even copy their trading patterns.

Features

  • Autochartist trading signals for forex
  • AvaPtotect feature
  • Demo accounts
  • Access to various assets, including cryptocurrencies, forex options, stocks, and commodities.

Pros

  • Highly intuitive user interface
  • Advanced research and trading tools, including MT4 access
  • Options trading
  • High leverage

Cons

  • Stocks can not be bought directly, can only be traded via CFDs
  • Relatively high spreads

The AvaTrade app is available on both Android and iOS devices.

forex

This is one of the largest and most popular stock trading apps with a variety of useful features. With customizable user interface designs, Forex.com is a top choice among traders plying their trade in currencies and stocks.

Forex.com is one of the largest MT4 brokers in the world and it has the lowest trading fees. It offers high leverages to active traders, up to 1:200 and they do not pay trade commissions.

Features

  • Access to several investment instruments including ETFs, commodities, Cryptocurrencies, stocks, and many more
  • A wide array of research tools and trade indicators
  • Access to a variety of global stock markets
  • Customizable dashboards, intuitive trade tickets, and watch lists.
  • Access to Reuters news, allowing you to keep up with market movements

Pros

  • Access to one of the largest range of tradable assets 
  • Highly intuitive interface
  • High leverage rates
  • Access to over 65 indicators and 14 trade charts
  • Zero deposit/withdrawal fees
  • Highly regulated

Cons

  • High inactivity fees

Forex.com app is available for download on both Android and iOS devices.

How to choose the best stock trading platform

Choosing the best stock broker UK can be quite a daunting task, considering that there are thousands of stock trading apps available.

However, to ensure that you end up using only the best trading app, we have outlined some of the most important factors to consider in a stock trading app.

Regulation

This is the most important thing to look for in any online trading platform. Even if the trading app offers extremely low fees with hundreds of thousands of tradable stocks, as long as it is not regulated by the necessary authorities, it is not the best choice.

Therefore, before opening a brokerage account in the UK, it will be best to consider if the stock app is authorized to operate by the Financial Conduct Authority (FCA). 

For further protection, ensure that the trading app is covered by the Financial Services Compensation Scheme (FSCS), to provide a strong insurance policy for your trading funds.

Available Tradable Stocks

The stock trading app that you choose determines the number of tradable stocks available to you and the markets you can access.

Most UK stock trading apps will only give you access to stock markets within the UK, including the London Stock Exchange.

However, if you want to explore other stock markets around the world, including US, South African, and Canadian markets, it will be best to look for a stock trading app that gives you access to international markets.

Additionally, you need to be sure of exactly what you are trading, whether it is CFDs or directly investing in stocks and other financial instruments. Most top trading apps give you access to both.

Device Compatibility

You must check whether the trading app you want to choose is compatible with your device. It is also best to ensure that the stock trading app compatible with your device's operating model is suitable for you.

Choosing an app that is not compatible with your device can turn your trading experience into a frustrating one.

User Experience

Trading stock using mobile apps can be quite challenging, especially if you want to conduct a technical analysis.

Therefore, you need to ensure that the trading app you choose offers a seamless trading experience, with a user-friendly and intuitive interface.

To discern this, it will be best to choose a stock trading app that has a demo account option, which gives you a glimpse of the real trading experience, since most apps do not allow access to the main platform unless your account is funded.

Available Trading Tools and Features

Trading apps are not designed the same way. While some apps provide users with a lot of features and advanced trading tools, others give users access to just the basic features and tools.

So, when choosing the best stock trading app, it is vital to take note of the following features :

  • Leverage: The best trading apps allow you to trade using high leverages while meeting the ESMA limit of 1:30 for CFD trading.
  • Copy Trading: This is a feature that has made eToro a favorite among stock traders. It allows you to watch thousands of expert traders and carefully copy the one that best suits your needs. This feature is especially ideal for new traders.
  • Market Orders: The best trading apps do more than just provide a buy or sell order. They take it further by offering a wide range of order types including stop-loss, take-profit, and limit orders.
  • Fractional Shares: If you want to invest in small volumes, then, it is best to search for a trading app that offers fractional ownership of your preferred stock.
  • Trading Calculator: This great tool enables you to accurately determine how much you might make or lose as well as the trading fees and commissions that you will incur while trading.
  • Watch List: Choosing the best stock trading app will allow you to customize the assets you are interested in and keep track of their performances.

All these and many more are the features to look out for in a trading app.

Customer Support Service

The best trading apps provide a highly efficient customer support service that will render help to you whenever you need it. 

The most effective way is the live chat customer support that allows you to contact a member of the support team and relate your problem.

Fees

You need to check what trading commissions that you will have to pay when using a particular stock trading app.

Remember, choosing the one with the lowest trading fees and commissions is not always a guarantee of a good trading app if it does not meet up with the other requirements.

So, take your time and make inquiries to enable you to make informed decisions.

How to use stock trading platforms?

Once you have decided which trading app to use, you will need to follow a set of steps to start trading immediately.

We will be using the eToro trading app as a case study.

Download the app

Go to Apple App Store or the Google Play Store to download either the iOS or the Android version of the eToro trading app. The download is free and will only take a couple of seconds to be fully installed on your phone, depending on your internet speed.

Open a trading account

Once your eToro app is installed on your mobile device, you will need to open a trading account. Fill in the necessary information, including your full name, email address, and phone number.

You will also need to complete your account verification once you have signed up by uploading an account holder's ID. 

Deposit your funds

Once your account is fully set up, you will have to fund your account by choosing any preferred payment method, credit/debit card, wire transfer, and more. Then, you can add any preferred amount you want to deposit and confirm payment.

Select market and tradable asset

After you have deposited some funds into your trading account, you can go ahead to select any asset of your choice from the list of tradable assets available on the platform.

Place an order and start trading

Once you have found a suitable asset to trade, place your order by filling in the necessary details. Confirm purchase and start trading, it's as simple as that.

What you need to know before trading

Before engaging in the stock market, it is very crucial to note the following:

  • Trading takes time, so you have to make out time to evaluate your trades
  • Do not invest more than you are willing to lose. Most trades, especially CFDs, are highly speculative and can cause you to lose all your funds.
  • Read, read, and read. The market is constantly evolving and you need to follow suit
  • Practice trading, and this can be made easier if you select a trading app that offers the option of a demo account.
  • Learn to analyze market movements to enable you to make smart trading decisions.

Are stock trading apps safe?

Yes, stock trading apps are very safe to use only if they are authorized and licensed to operate by the necessary financial regulators, especially, the Financial Conduct Authority (FCA). 

It is equally important to look out for a stock trading app that is covered by the Financial Services Compensation Scheme (FSCS) as an additional safeguard.

So, when deciding on which trading app to open a brokerage account UK, you must ensure that it is fully licensed and regulated, abiding by the Anti-money Laundering (AML) and Know Your Customers (KYC) compliances.

Stock trading apps that are licensed by these regulators have to meet very strict security requirements geared toward protecting clients' personal information and trading funds.

F.A.Qs

Below are answers to some of the frequently asked questions about stock trading apps in the UK. 

How can Beginners Trade Stocks in the UK?

The best trading strategy for newbies in the stock market is to buy and hold stocks long-term. This involves buying the stocks of financially stable companies, adding them to your investment portfolio, and holding onto them for a very long time. This method allows you to focus on other things without worrying about short-term market volatilities.

How Much do I Need to Start Trading?

The truth is that, while some UK stockbrokers may require a minimum deposit of £100 or more, it is not enough to buy stocks and other instruments directly. That amount is only enough to trade CFDs, which allows you to speculate on the price of assets and make profits from them without actually owning them. So, if you wish to buy and trade these stocks directly, you will need to have a substantial amount of money.

What Shares Can I Trade on a Stock Trading App?

The options available to you depend on the particular stock trading app that you chose. Some apps give you access to thousands of stocks to trade, both inside and outside the UK.

Who Regulates Stock Trading in the UK?

Both stock and securities markets operating in the UK are licensed and regulated by the Financial Conduct Authority (FCA). This regulatory body supervises the activities of these firms to ensure the safety of clients' funds and data.

Can I Deposit Funds and Complete Verifications Using Trading Apps?

Stock trading apps are available to make it easier for users to engage in trading conveniently. So, yes, you can safely upload your verification documents and deposit funds when using the best trading app.

What do I do if the Trading App Suddenly Stops Working?

If your stock trading app suddenly stops working, don't panic. First, close the app and, if possible, log out of your trading account. Allow it to rest for a few minutes and try logging in again. If you are still having issues with it, contact the broker immediately.

Can I get Live Customer Support?

The best stock trading apps provide you with a readily available customer support team that you can always reach out to when you experience any challenges. 

Conclusion

Finding the best trade app is not an easy task, considering that there are several trading apps available. However, it is vital to know what you need to effectively navigate your way through the large financial market. Applying the above tips shared in this article is guaranteed to help you find the perfect trading app just for you.