Best Trading Apps UK

Here’s a guide to the best trading apps available in the UK, tailored for traders at all levels, covering essential features, benefits, and considerations:


What Makes a Great Trading App?

Before diving into specific apps, it’s crucial to know the features that define the best trading platforms:

  1. User Interface and Experience:
    • Clear layout, intuitive navigation, and easy-to-use tools for beginners and professionals alike.
  2. Regulation and Security:
    • FCA (Financial Conduct Authority) regulation is a must for UK-based traders.
    • Secure logins, two-factor authentication, and data encryption.
  3. Range of Markets:
    • Access to a broad range of markets, including stocks, ETFs, forex, cryptocurrencies, and CFDs.
  4. Fees and Pricing:
    • Transparent pricing structures with no hidden charges.
    • Low commissions and competitive spreads.
  5. Trading Tools:
    • Advanced charting tools, technical indicators, and educational resources.
    • Automated trading features like algorithms or copy trading.
  6. Customer Support:
    • Prompt, professional, and available across multiple channels (live chat, phone, email).
  7. Mobile Optimization:
    • Seamless trading experience on both Android and iOS platforms.

Top Trading Apps in the UK

1. eToro

  • Best for Social Trading
    • Overview: eToro is popular for its social trading features, allowing users to follow and copy successful traders.
    • Features:
      • Zero-commission stock trading.
      • Access to stocks, ETFs, cryptocurrencies, forex, and commodities.
      • User-friendly interface with robust social trading tools.
    • Fees:
      • No commission on stocks; spreads apply to other assets.
      • $5 withdrawal fee.
    • Pros:
      • Innovative CopyTrader feature.
      • Suitable for beginners.
      • Strong crypto offering.
    • Cons:
      • Limited tools for advanced traders.
      • USD-only accounts (currency conversion fees apply).

2. Trading 212

  • Best for Commission-Free Trading
    • Overview: Known for commission-free trading and fractional shares, Trading 212 is ideal for retail traders.
    • Features:
      • Trade stocks, ETFs, forex, and CFDs.
      • Practice mode with virtual funds.
      • AutoInvest tool for portfolio management.
    • Fees:
      • No commission on stocks and ETFs.
      • Fees apply to CFD trading and currency conversion.
    • Pros:
      • No deposit fees.
      • Beginner-friendly.
      • Advanced research and analysis tools.
    • Cons:
      • Limited options for professional traders.
      • Restricted crypto trading.

3. IG Trading

  • Best for Advanced Traders
    • Overview: IG is a market leader with an extensive range of instruments and professional-grade tools.
    • Features:
      • Access to over 17,000 markets.
      • Advanced charting tools and educational resources.
      • Seamless integration with MT4 and ProRealTime.
    • Fees:
      • Competitive spreads for forex and CFDs.
      • Stock trading: £3 per trade (active traders).
    • Pros:
      • FCA-regulated and highly secure.
      • Comprehensive educational content.
      • Professional-grade tools.
    • Cons:
      • Higher fees for casual traders.
      • Platform complexity might overwhelm beginners.

4. Hargreaves Lansdown (HL)

  • Best for Long-Term Investments
    • Overview: HL offers a comprehensive investment platform focusing on stocks and funds.
    • Features:
      • Broad range of investment products, including ISAs and pensions.
      • Trusted reputation with decades of experience.
    • Fees:
      • £11.95 per trade (reduces with volume).
      • Annual account fee for funds: 0.45%.
    • Pros:
      • Excellent customer service.
      • Strong research and market analysis tools.
    • Cons:
      • High fees for active traders.
      • Limited features for short-term trading.

5. Interactive Brokers (IBKR)

  • Best for Professionals
    • Overview: IBKR is renowned for its sophisticated platform catering to advanced traders and institutions.
    • Features:
      • Global market access to 150+ markets in 33 countries.
      • Low margin rates and advanced trading algorithms.
      • Extensive research and educational tools.
    • Fees:
      • Low commissions: £0.0035 per share (minimum £1.40).
    • Pros:
      • Best-in-class execution and reliability.
      • Ideal for options and futures trading.
    • Cons:
      • Steep learning curve for beginners.
      • Monthly inactivity fees (for low-balance accounts).

6. Revolut

  • Best for Casual Investors
    • Overview: Revolut, a digital banking app, offers trading alongside its financial services.
    • Features:
      • Buy stocks, crypto, and commodities.
      • Easy account setup with no minimum balance.
    • Fees:
      • Free trades (limits apply); additional trades cost £1 each.
      • Crypto trading fees: 1.5%-2.5%.
    • Pros:
      • Simple and convenient for everyday users.
      • Integrated with banking features.
    • Cons:
      • Limited trading tools.
      • Not suitable for serious traders.

Comparison Table

FeatureeToroTrading 212IG TradingHargreaves LansdownInteractive BrokersRevolut
Best ForSocial TradingFree TradingAdvanced ToolsLong-Term InvestmentProfessionalsCasual Investors
FCA Regulated✅✅✅✅✅✅
CommissionsNone (stocks)None (stocks)£3+£11.95+£1.40+Free (limits)
Markets OfferedStocks, ETFs, Crypto, CFDsStocks, ETFs, Forex17,000+Stocks, FundsGlobalStocks, Crypto
Education ToolsMediumBasicAdvancedStrongExcellentLimited
User ExperienceBeginner-friendlyBeginner-friendlyProfessionalModerateComplexSimple

Key Considerations When Choosing a Trading App

  1. Trading Goals:
    • Are you a day trader, long-term investor, or beginner? Different apps suit different needs.
  2. Fees and Commissions:
    • Evaluate fees based on your trading volume and strategy.
  3. Regulation:
    • Always ensure the app is regulated by the FCA for safety and compliance.
  4. Mobile Functionality:
    • If you trade on the go, ensure the app is mobile-optimized without sacrificing features.
  5. Support and Resources:
    • Look for apps offering robust customer support and educational content.

Conclusion

The best trading app for you depends on your trading style and goals:

  • Beginners: Trading 212 or eToro.
  • Advanced Traders: IG Trading or Interactive Brokers.
  • Long-Term Investors: Hargreaves Lansdown.

Evaluate each app’s features, fees, and usability to find the one that aligns with your needs. Always start with a demo account when available to get comfortable with the platform.

Investing Brokers
Investing Brokers

The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review.

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