Are you searching for the best share trading app in the UK? Look no further. We’ve compiled a list of the top options available right now.
For UK traders, the ideal trading apps should provide a wide selection of assets and be user-friendly. Furthermore, these should be free from commissions and provide numerous payment methods to choose from.
eToro is one of the premier share trading apps in the UK, suitable for both experienced traders and beginners alike. It provides a host of tools such as copy-trading and news feeds, making it ideal for those seeking a more social way to trade stocks.
Users of eToro can utilize a free account to trade shares, indices and currencies. They also have the option of investing in cryptocurrencies through the eToro wallet which is managed externally (with fees applied).
This app offers an impressive selection of assets for trading, as well as an exceptional user experience. It is user-friendly and optimized for mobile devices; additionally, it’s free to download and works on any smartphone running Android or iOS.
Investment platforms also enable users to utilize leverage, a feature which has become increasingly popular with traders. Although this can be an advantageous way to boost returns, you must be mindful of the associated risks.
For instance, if you wish to invest in a stock that has dropped in price, then it is essential that the decrease is due to something specific the stock has done or will do. You can do this by reviewing their historical trading results and checking the risk score they’ve been assigned.
It is essential to do your due diligence when choosing a trader, since you cannot just rely on what they say. Check how long the trader has been trading on the platform, their performance history and profitability record. Furthermore, take into account any losses suffered during periods of market instability.
eToro boasts over 20 million users, an impressive figure for an unregulated trading platform. However, its UK arm is regulated by the Financial Conduct Authority (FCA), providing customers with protection in case of any problems with the firm. This makes eToro more reliable than many binary options brokers and worth giving it a try.
Plus500 is one of the top share trading mobile apps in the UK, boasting over 2200 CFDs to choose from – such as indices, shares, commodities, forex pairs and even cryptocurrencies. Furthermore, Plus500 provides a free demo account so users can practice trading different assets without risking any money upfront.
This platform is accessible in both web and mobile versions, supporting more than 32 languages. Its user-friendly interface makes it a pleasure to use, while the app has been specifically designed for traders on the go.
Thus, it has become one of the top share trading apps UK for those with smartphones and tablets. This is great news, as mobile trading has become an increasingly popular way to trade the markets.
Plus500 stands out with its straightforward approach, whereby you only pay the spread between a price and its ask price. This makes trading with Plus500 much more cost-effective than using commission-based services like eToro or TradeStation, which may charge substantial commission fees.
It also allows you to place stop losses in order to manage your risk. However, it’s worth remembering that these orders will incur a fee if they are triggered.
Plus500 charges an Overnight Fee (Financing Cost) when you hold a position on its platform after the market closes. This fee is an amount calculated as a percentage of your open positions and displayed in the symbol information panel inside of the trading app.
If you’re new to the market, it is recommended that you try out the platform with a demo account before investing any real money. Switching between demo and live versions of the platform is as easy as clicking a button – just make sure your click does not disrupt service!
Funds can be deposited to your Plus500 account via various methods, such as bank transfers, e-wallets and debit/credit cards. Unlike many other brokers, Plus500 doesn’t charge processing fees for deposits; however, you may incur an inactivity fee if you do not trade within three months.
TradeStation is a well-established share trading app with an array of tools and features tailored towards active investors. As part of the New York Stock Exchange (NYSE), Financial Industry Regulatory Authority (FINRA), Chicago Mercantile Exchange (CME), and Securities Investor Protection Corporation (SIPC), TradeStation holds membership in multiple exchanges around the world.
Navigating the broker’s website is a breeze, making getting started simple. All you have to do is select an account type, enter some personal information and answer a few questions about your experience level – and voila! You’re approved and ready to begin trading right away!
TradeStation also gives you the freedom to set up paper trades and experiment with trading strategies without risking any of your own funds. Once satisfied with the outcome, you can turn it into automated trading and let TradeStation take care of the rest of the process for you.
This feature can be beneficial for new investors who want to hone their skills before risking real money, especially those without any trading experience. However, it’s not recommended to leave your computer unattended throughout the day and leave everything up to the trading software — you should monitor your trades closely and ensure they’re not overextended or losing value.
Traders can access their accounts from any location using a smartphone or tablet. Here, they can check on their portfolio, trade stocks and crypto, stay informed with the latest news – everything in one place! The mobile app syncs with their online account and has essential features like Hot Lists, Quotes and the Matrix.
TradeStation on-the-go comes with some drawbacks, such as a flat $2 transaction fee for trades under $1,000 and higher maker and taker fees for transactions over that amount. Furthermore, customers have reported mixed customer service reviews; some complaining about long hold times for tech support.
TradeStation not only offers a range of trading platforms, but it also provides educational resources for both novice and experienced investors alike. These include YouTube videos with live demonstrations of its platform.
The broker’s desktop platform also features an in-built research section, where traders can browse trading ideas and news from multiple sources. Furthermore, it offers a comprehensive selection of charts and technical analysis tools tailored specifically towards active traders.
CMC Markets is an FCA-regulated brokerage that offers a comprehensive selection of products for traders of all experience levels and preferences. Its Next Generation platform is user friendly, feature packed and supported by an attentive customer service team as well as access to an expansive library of research amenities and educational materials.
The company offers customers negative balance protection, guaranteed stop loss execution and free withdrawals through wire transfer. Its wide array of asset classes and competitive spreads have made it a go-to choice among traders.
This broker’s customer support team is available in multiple languages 24 hours a day, 5 days a week. You can contact them through email, live chat or by phone.
The broker places great emphasis on providing timely and effective customer service, operating 13 satellite offices around the world to guarantee a localized experience. Furthermore, they provide extensive educational resources such as comprehensive FAQ libraries and an online moderated charting community.
CMC Markets also provides access to a wealth of news and analysis tools, both within its trading platform and through OPTO – such as quantitative equity research reports from Morningstar and an extensive news feed from Reuters.
CMC Markets’ Next Generation platform is user-friendly and intuitive, offering a comprehensive guide for new users. Furthermore, a demo account lets traders test out the software before opening an actual trading account.
One of CMC Markets’ standout features is its sentiment indicator. This shows client sentiment, including how many traders are long versus short, and can be filtered by region and asset class for further analysis.
Another useful feature is the capability of viewing a history of all your trades. This helps you keep tabs on risk and profitability over time.
CMC Markets provides their clients with access to a comprehensive selection of asset classes, such as CFDs on shares, commodities, currencies and cryptocurrencies. Their competitive spreads and quick trade execution make them attractive options for both novice and advanced traders alike.