Thanks to the rise of technology anyone can get into trading. You don’t need a formal education to do so because you’ve got an abundance of apps to choose from. But there are all kinds of apps out there and some are better than others. Before picking one you should be aware of your level of knowledge. If you’re a novice then it’s a good idea to go for apps that focus on newbie traders. On the other hand, if you’re a pro then you can go for a more advanced app.
Besides this, you’ll need to be aware of the different features each app has to offer. So, you’ll need to see what tools are offered and the level of knowledge the apps needs from you so you can work with them. Also, don’t forget about the user experience as it plays a crucial role in picking the right trading app. Fees also play an important role when it comes to getting the right app in the UK. So, if you’re looking for an app and don’t know where to start, then here are some suggestions:
If you’re interested in trading CFDs on the go then Capital.com is an app you should consider. Also, this is an app that’s ideal for beginners and has a user-friendly interface. It also offers up to 3,000 stocks and comes with a 0% commission on all asset classes. It’s FCA regulated and it lets you start trading with a small minimum deposit of £20. Besides this, there’s no limit as to how much time you spend trading as the app and its stocks are available 24/7.
If you go looking for the best trading app for beginners UK then you’ll come across Avatrade. It’s the kind of app you can choose if you’re looking to take things slow. It has low spreads and a nice selection of CFDs to trade with. So, you’ll get to trade with currencies, cryptocurrencies, commodities, and stocks. It also comes with a 0% commission which is quite handy if you’re looking to make a profit. You can use bank transfers as well as credit and debit cards to fund your account and if you’re into crypto e-wallets are also accepted.
This might be an app you’ve heard of thanks to the many ads online. There are many things this app features which is why it has over 13 million clients all over the world. You might think that this is an app that’s more suited to advanced traders but it really isn’t. So, if you’re new to stock trading then you can go for eToro as it has you covered.
When it comes to the trading commission, you won’t be getting any. There’s a wee conversion fee of 0.5% that you need to cover though. Moreover, you can buy over 1,700 stocks in the UK and international markets. Besides stocks, you can also trade gold, silver, natural gasses, oil, and more. To top it off eToro has a user-friendly interface that will keep the trading simple.
Trading 212 is another great mobile trading app. As such it offers over 4,000 stocks to trade with. You won’t get any commission when trading which is a big plus for this app. There’s no minimum amount you can deposit and you can deposit money to your account via multiple payment methods, e-wallets included. All in all, it’s an app that’s worth considering.
These are only some of the best UK trading apps you should consider. But once you have picked an app don’t stop gaining knowledge on trading stocks. This is one of the things each beginner in the trade needs to thrive in this environment. Once you get the hang of it you’ll be able to experiment with different strategies and test your skills further.
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