The Best Investment Apps in the UK
Investment apps have become increasingly best investment apps UK for their convenience and accessibility. They offer low fees and an extensive range of assets to choose from, making them ideal for beginners and experienced investors alike. However, it is important to note that your capital is at risk and the value of investments can decrease as well as increase.
Plum stands out as an innovative and user-friendly investment app, offering an engaging way to grow savings. The app connects to your bank account and analyses spending habits to determine how much you can comfortably save or invest. It then automatically invests your spare change into a diverse portfolio of stocks and ETFs, helping you to reach your financial goals with minimum effort. It also offers a competitive platform fee of 0.60% and fund charges of 0.16% to 0.70%. It is regulated by the FCA and protected by the FSCS, adding to its credibility.
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Other notable UK investment apps include Moneyfarm, which is a leading option for hands-off investors seeking expert-managed portfolios. It allows penalty-free withdrawals from ISA and GIA accounts and offers a wide range of account options, including pensions, stocks & shares ISAs, and general investment accounts. It also offers low trading and setup fees, along with average annual investment fees of 0.75% and 0.25% for larger accounts respectively.
Hargreaves Lansdown is another highly regarded UK investment app that provides an extensive suite of assets to choose from. It also offers a variety of ready-made portfolios for less confident investors, along with individual stock selection and an intuitive app interface. Finally, Sherloc — formerly known as Elementaryb – is an AI-powered investment tool that helps to project how local and global events will impact your investment portfolios.