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Compare our Top-Rated Trading Apps in the UK

Updated: 7th March 2022

Stock trading apps have recently grown in popularity. They enable investors to follow real-time market updates and invest in stocks easily on their phones. There are many trading apps available, and it can be difficult to know where to start when choosing.

Don’t worry, we’ll help you understand how to choose the right trading app for you.

What to consider when comparing trading apps:

  • Commission rates: Many trading apps apply commissions when you use their services. When researching for a suitable trading app, identify whether the app applies commissions and how high they are.
  • Your level of expertise: When choosing the right trading app, your level of experience will be extremely relevant. Some trading apps are simple and intuitive to use, while others are more complex and require a level of expertise to use them effectively. If you’re a more experienced trader, you’re likely to need a more advanced app that will offer more information and features such as watch lists, copy trading, trading calculators, fractional shares, market orders, and leverage.
  • Account minimums: To use a trading app’s services, users may be required to make a deposit. Different apps require varying minimum deposits, so it’s important to identify and compare these amounts before you commit.
  • User friendliness: The usability of trading apps varies widely, and it’s important to choose an app that you find intuitive and enjoyable. Especially if you’re a beginner, favor apps with simple interfaces in which you can see your accounts and investments at a glance.
  • Investments offered: When choosing your trading app, explore which types of investments each app offers. Whether you’re interested in shares, bonds, actively managed funds, index tracking funds or investment trusts, you’ll want to choose an app that offers what you’re looking for.

The Motley Fool's top-rated trading apps in the UK:

Broker Great For Star Rating
FinecoBank Multi-Currency Trading Account * Low-cost deals for active traders
Hargreaves Lansdown Fund and Share Account * Long-term investing in shares
DEGIRO Share Dealing Account * Experienced investors looking for low costs and a broad international reach
IG Share Dealing Account * active investors who want lots of control and choice
Saxo Markets Share Dealing Account * intermediate and advanced traders
eToro active traders looking for zero-commission trading on stocks.
Trading 212 Invest frequent stock traders

Our top-rated trading apps reviewed:

Offers from our affiliate partners appear first and are ordered from highest rating to lowest, followed by other top-rated offers. You can read more about our ratings and page sort here. Offers from affiliate partners are marked with a *.

Top Product

Great For: Low-cost deals for active traders

5 stars question mark
Fineco Bank
Apply Now!

On FinecoBank's Secure Website

* Affiliate partner

FinecoBank is a new kid on the block in the UK and they’re making a splash. The service is highly competitive on share-dealing price at just £2.95 per trade and offers particularly attractive rates for investors buying shares outside of the UK. In this multi-currency account, you can also trade directly in many local currencies. Better still, there’s no platform fee.

Read full review >

Risk Warning

Investments involve various risks, and you may get back less than you put in.

More details [+]

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks. The Motley Fool believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex.

WHAT YOU NEED TO KNOW

  • Just £2.95 per trade
  • Open your account using promo code TRD500-ML and during your first 3 months you can trade without incurring commission charges – up to a total commission amount of £500. (Terms and conditions apply.)
  • Easy access to UK and non-UK shares
  • No annual fee

* This is an offer from one of our affiliate partners. Click here to learn about how and why we work with partners.

what we like

  • Just £2.95 per trade
  • Trade without incurring commission charges for the first 3 months – up to a total commission amount of £500. Use promo code: TRD500-ML. (Terms and conditions apply.)
  • Easy access to UK and non-UK shares
  • No annual fee
  • PLATFORM FEE:

    £0
  • Share dealing charge:

    £2.95

Risk Warning

Investments involve various risks, and you may get back less than you put in.

- More details

WHAT YOU NEED TO KNOW

  • Just £2.95 per trade
  • Open your account using promo code TRD500-ML and during your first 3 months you can trade without incurring commission charges – up to a total commission amount of £500. (Terms and conditions apply.)
  • Easy access to UK and non-UK shares
  • No annual fee

* This is an offer from one of our affiliate partners. Click here to learn about how and why we work with partners.

Great For: Long-term investing in shares

5 stars question mark
Hargreaves Lansdown Logo
Apply Now!

On Hargreaves Lansdown's Secure Website

* Affiliate partner

Hargreaves Lansdown (HL) is the UK’s market leading share dealing broker, providing easy access to an extensive range of funds, ETFS, UK and overseas shares. HL offers a robust service with an easy-to-use website and plenty of free information to help make your investment decisions — although keep in mind this isn’t a substitute to seeking out independent financial advice. In our view, the ‘Fund and Share’ account is great choice for long-term share investors looking to manage their portfolio online.

Read full review >

Risk Warning

Investments involve various risks, and you may get back less than you put in.

More details [+]

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks. The Motley Fool believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex.

WHAT YOU NEED TO KNOW

  • Market-leading platform
  • No annual fee for holding shares & ETFs
  • Lower share dealing fees if you trade more often

* This is an offer from one of our affiliate partners. Click here to learn about how and why we work with partners.

what we like

  • Market-leading platform
  • No annual fee for holding shares & ETFs
  • Lower share dealing fees if you trade more often
  • PLATFORM FEE:

    £0
  • Share dealing charge:

    £11.95

Risk Warning

Investments involve various risks, and you may get back less than you put in.

- More details

WHAT YOU NEED TO KNOW

  • Market-leading platform
  • No annual fee for holding shares & ETFs
  • Lower share dealing fees if you trade more often

* This is an offer from one of our affiliate partners. Click here to learn about how and why we work with partners.

Great For: Experienced investors looking for low costs and a broad international reach

4.5 stars question mark
DEGIRO Logo
Apply Now!

On DEGIRO's Secure Website

* Affiliate partner

For experienced investors who trade frequently, DEGIRO has a lot to offer: global reach, ultra-low costs, and a relatively easy-to-use trading platform that’s now available on mobile. For those who want a little more hand-holding, or who don’t trade so frequently – or globally – then a DEGIRO account will probably have less appeal.

 

Read full review >

Risk Warning

Investments involve various risks, and you may get back less than you put in.

More details [+]

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks. The Motley Fool believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex.

WHAT YOU NEED TO KNOW

 

  • *€2.50 fee per non-UK exchange on which you trade, per calendar year.
  • Degiro’s commission is volume-based and exchange-based, so you’ll only ever pay the £2.03 quoted above if you trade exactly £2,000 worth of shares on the London Stock Exchange. Buy or sell a different amount, or on a different exchange, and you’ll pay a different amount. On the London Stock Exchange, the price calculation is £1.75 + 0.014% for a trade, with a maximum of £5 charge.
  • Headquartered in The Netherlands, DEGIRO is subject to Dutch financial regulations, which bar brokers from holding client funds. Investors used to facilities such as dividend reinvestment will therefore find that DEGIRO can’t oblige.
  • DEGIRO doesn’t offer tax-advantaged ISA or SIPP accounts.

* This is an offer from one of our affiliate partners. Click here to learn about how and why we work with partners.

what we like

  • Ultra-low trading costs
  • Direct access to a wide range of international exchanges
  • Fast, simple trading of shares, ETFs, options and futures
  • PLATFORM FEE:

    £0.00*
  • Share dealing charge:

    £2.03

Risk Warning

Investments involve various risks, and you may get back less than you put in.

- More details

WHAT YOU NEED TO KNOW

 

  • *€2.50 fee per non-UK exchange on which you trade, per calendar year.
  • Degiro’s commission is volume-based and exchange-based, so you’ll only ever pay the £2.03 quoted above if you trade exactly £2,000 worth of shares on the London Stock Exchange. Buy or sell a different amount, or on a different exchange, and you’ll pay a different amount. On the London Stock Exchange, the price calculation is £1.75 + 0.014% for a trade, with a maximum of £5 charge.
  • Headquartered in The Netherlands, DEGIRO is subject to Dutch financial regulations, which bar brokers from holding client funds. Investors used to facilities such as dividend reinvestment will therefore find that DEGIRO can’t oblige.
  • DEGIRO doesn’t offer tax-advantaged ISA or SIPP accounts.

* This is an offer from one of our affiliate partners. Click here to learn about how and why we work with partners.

Great For: active investors who want lots of control and choice

4.5 stars question mark
IG Logo
Visit site

Go to IG’s Secure Website

* Affiliate partner

IG are establishing themselves as a top choice for traders worldwide. Their share dealing account offers active investors cheap commissions and an incredible choice of investments. Designed for more experienced investors, there’s a wide range of tools available on the platform. They also provide access to an excellent selection of investment information and resources.

Read full review >

Risk Warning

Investments involve various risks, and you may get back less than you put in.

More details [+]

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks. The Motley Fool believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex.

WHAT YOU NEED TO KNOW

  • Low commissions on US and UK shares for active traders (if you make three or more trades per month, the commission drops to £3 for UK shares/£0 for US shares the following month)
  • No account opening fee
  • Plenty of investing resources in the IG Academy
  • No custody fee if you make three or more trades in a quarter
  • *The platform fee is free if you make 3+ trades per quarter, otherwise it’s £24 per quarter. Commissions paid are deducted from the fee.

* This is an offer from one of our affiliate partners. Click here to learn about how and why we work with partners.

what we like

  • Huge choice of investment options
  • Good value for active traders
  • Excellent access to resources and learning materials
  • PLATFORM FEE:

    £8.00*
  • Share dealing charge:

    £8.00

Risk Warning

Investments involve various risks, and you may get back less than you put in.

- More details

WHAT YOU NEED TO KNOW

  • Low commissions on US and UK shares for active traders (if you make three or more trades per month, the commission drops to £3 for UK shares/£0 for US shares the following month)
  • No account opening fee
  • Plenty of investing resources in the IG Academy
  • No custody fee if you make three or more trades in a quarter
  • *The platform fee is free if you make 3+ trades per quarter, otherwise it’s £24 per quarter. Commissions paid are deducted from the fee.

* This is an offer from one of our affiliate partners. Click here to learn about how and why we work with partners.

Great For: intermediate and advanced traders

4 stars question mark
Saxo Markets logo
Apply Now!

On Saxo's Secure Website

In terms of resources, expertise and tools, Saxo Markets is easily among the best platforms I’ve seen. However, it is not the easiest to use. Beginners may find it daunting.

While the fees are not high, they are infuriatingly complicated. And investors need a £500 minimum to get started. These are factors to consider if opening a small account.

Read full review >

Risk Warning

Investments involve various risks, and you may get back less than you put in.

More details [+]

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks. The Motley Fool believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex.

WHAT YOU NEED TO KNOW

  • Platform may be daunting for beginners
  • Long-winded and complicated fee structure
  • £500 account minimum
  • † There’s no platform fee, so long as your account is active. However, if you “only hold cash funds”, you’re charged £25 per quarter.

* This is an offer from one of our affiliate partners. Click here to learn about how and why we work with partners.

what we like

  • Outstanding research tools and analysis
  • Enormous range of investment options
  • Free demo version available
  • PLATFORM FEE:

    £0.00†
  • Share dealing charge:

    £8.00

Risk Warning

Investments involve various risks, and you may get back less than you put in.

- More details

WHAT YOU NEED TO KNOW

  • Platform may be daunting for beginners
  • Long-winded and complicated fee structure
  • £500 account minimum
  • † There’s no platform fee, so long as your account is active. However, if you “only hold cash funds”, you’re charged £25 per quarter.

* This is an offer from one of our affiliate partners. Click here to learn about how and why we work with partners.

Great For: active traders looking for zero-commission trading on stocks.

4.5 stars question mark

“The world’s leading social trading platform”, global multi-asset investment platform eToro offers zero-commission trades on stocks, while there is no platform fee to pay. For those looking to trade stocks from the UK and beyond regularly, who are happy with a taxable, US$-denominated account, eToro might be a great choice.

Read full review >

Risk Warning

Investments involve various risks, and you may get back less than you put in.

More details [+]

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks. The Motley Fool believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex.

WHAT YOU NEED TO KNOW

  • Being able to see what other traders are up to, via eToro's social trading features, might be appealing to some.
  • eToro does allow and promote leveraged trading using CFDs, and alternative investments, which can lead to excessive risk and losses in excess of initial capital (at the time of writing, eToro stated that 67% of CFD traders on its platform lose money)
  • As all accounts are denominated in US$, there will be a conversion charge for deposits and withdrawals made in GBP. There is also a $5 withdrawal charge.
  • Free demo account and eToro Trading School resource (including webinars, courses, podcasts, guides, etc)
  • eToro does not offer an ISA or SIPP so this will be a taxable account.

what we like

  • Zero-commission trading on stocks
  • Access to a wide selection of UK and international stocks and ETFs
  • No platform fee
  • PLATFORM FEE:

    £0.00
  • Share dealing charge:

    £0.00

Risk Warning

Investments involve various risks, and you may get back less than you put in.

- More details

WHAT YOU NEED TO KNOW

  • Being able to see what other traders are up to, via eToro's social trading features, might be appealing to some.
  • eToro does allow and promote leveraged trading using CFDs, and alternative investments, which can lead to excessive risk and losses in excess of initial capital (at the time of writing, eToro stated that 67% of CFD traders on its platform lose money)
  • As all accounts are denominated in US$, there will be a conversion charge for deposits and withdrawals made in GBP. There is also a $5 withdrawal charge.
  • Free demo account and eToro Trading School resource (including webinars, courses, podcasts, guides, etc)
  • eToro does not offer an ISA or SIPP so this will be a taxable account.

Great For: frequent stock traders

4 stars question mark

Trading 212 is geared towards ‘technical’ traders – those using chart patterns and news events to help determine when to buy and sell. Its user-friendly mobile app has over 15 million downloads and an average of 4.4 stars on Trustpilot. The app is free to download, with no fees on UK stock/ETF trades.

Read full review >

Risk Warning

Investments involve various risks, and you may get back less than you put in.

More details [+]

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks. The Motley Fool believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex.

WHAT YOU NEED TO KNOW

  • Buy and sell stocks without paying fees
  • Free, easy-to-use mobile app – ranked 4.4 stars on Trustpilot
  • Practice ‘virtual’ account and tutorials make it perfect for beginners

what we like

  • No trading fees on stocks and ETFs
  • 60+ easy-to-use trading tools and chart indicators
  • No foreign exchange fees
  • PLATFORM FEE:

    £0.00
  • Share dealing charge:

    £0.00

Risk Warning

Investments involve various risks, and you may get back less than you put in.

- More details

WHAT YOU NEED TO KNOW

  • Buy and sell stocks without paying fees
  • Free, easy-to-use mobile app – ranked 4.4 stars on Trustpilot
  • Practice ‘virtual’ account and tutorials make it perfect for beginners

What is a trading app?

A trading app conveniently allows traders and investors to place trades and manage their accounts all from their own phone or tablet. Many trading apps also boast other features, such as news feeds, real-time quotes, and charting tools.

How do stock trading apps work in the UK?

In the past, if you wanted to invest in the stock market you would have to approach a recognised stockbroker. The range of products to invest in was limited and you’d pay a lot of money for the privilege.

Nowadays, there are a variety of trading platform apps that anyone can use, straight from their phone. You’ll find apps that offer an excess of options – bonds, stocks, even cryptocurrencies – often for no fee or a low fee.

It’s important to note that although trading platform apps can offer a variety of options, The Motley Fool does not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex.

What is the best trading app for beginners?

When you’re new to the world of trading, you’ll want to choose a trading app with a simple interface, solid customer service, and enough guidance and resources to learn how things work and how to make the most of your investments. However, you may also seek to use alternative tools for guidance and resources to learn to make the most of your investments. Our top-rated trading platforms for beginners is another good place to start.

Beginners will also want to choose an app with low commissions and fees and that offers a wide range of stocks and other investments.

What is the best trading app for experienced investors?

For experienced investors, look for an app that has a wide range of trading tool sand detailed research. Some apps even offer advanced types of investments, such as options and future contracts, that are more popular with experienced traders.

Fees for stock trading apps

One important factor to bear in mind when comparing trading apps are fees. Even low fees can drastically reduce your portfolio’s return, particularly if you’re a frequent trader. Here are the most common types of trading app fees:

  • Trade commissions: You’ll pay these fees when you buy or sell securities, such as stocks, ETFs, or options. In many trading apps, these fees can be very low — between £4.99 to £9.99 per trade.
  • Management fees: Some trading apps will charge a small fee for the maintenance of your account. Usually this is calculated based on a percentage of your portfolio.
  • Transfer fees: Some brokers charge a fee if you want to transfer your stocks to a different trading app.
  • Inactivity fees: Some apps will charge you an “inactivity fee” if you don’t carry out a minimum number of trades within a specific timeframe. For example, you may need to make at least five trades within 12 months, or you’ll be charged £50.
  • Platform fees: Some brokers charge a flat monthly or annual fee for using the trading app.

Advantages of using an investing app to trade stocks

Investing apps can be easier and more convenient than more traditional trading methods. Since they entered the personal finance world, people from all backgrounds are trying their hands at investing.

Here are the advantages of using an investing app to trade stocks:

  • Cost-effectiveness: Compared to using a stockbroker, trading stocks through an investment app is inexpensive.
  • Convenience: With a trading app, opening an account is easy and hassle-free. With just a device and internet connection, you can monitor your investments 24/7. You can also carry out trading activities wherever you are, even while travelling.
  • All in one place: Most trading apps use just one interface to display all your investments and their performance. You can also buy and sell shares whenever is convenient, all the while keeping an eye on your profits and losses.
  • Faster transactions: Buying and selling shares on a trading app is very quick, as are transaction payments and collections. Trading apps offer a variety of payment methods that enable rapid fund transfers.
  • Greater control: With a trading app, you have no need for a broker, meaning you can maintain overall control of all your trading activities and decisions.
  • Better understanding: Trading apps offer a window into the world of investing. Making all of your decisions alone, and acting on them, will allow you to gain an understanding much more quickly than through a third party.

Disadvantages of using an investing app to trade stocks

With any advantage comes disadvantages as well. Here are a few for trading apps:

  • Risk: Perhaps the biggest disadvantage to trading online is the associated risk. Trading can be highly profitable but can bring unexpected glitches and you can lose money quickly if you’re not on top of things.
  • Mistakes can happen: Online trading requires high level concentration and caution. Just one mistake may lead to a big loss. Only trade once you have learned the basics about the world of investing and are feeling awake and in control.

Who is a trading app right for?

Trading apps are right for anyone who would like to participate in short-term trading. Whether you’re an experienced investor or are just dipping your toe in the world of trading, you can most likely find an app that fits your needs.

But it’s important to remember that the value of your investments can go down as well as up, and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these (including any potential currency related or overseas listed) risks.

That said, if you’re looking for long-term investments or prefer to take a more hands-off approach, you may be better served with a traditional online broker. If that’s you, check out our top-rated brokerages in the UK to help you find a better suited investment platform.

How to choose the best stock trading app for you

As with so many personal finance decisions, there’s no best stocks trading app that is right for everyone. Your decision will largely depend on your personal needs and what you want from the app.

Charges is perhaps the most obvious consideration to bear in mind, but there are several other factors to think about to get the best trading app experience for you. These include:

  • How user-friendly and intuitive do you find the app?
  • What investments are you looking to trade? Shares, funds, or more high-level investments?
  • If you’re a beginner, does the app offer the opportunity to practice trading before starting for real?
  • Does the app charge other admin fees?
  • Does your app have a minimum investment requirement?
  • Is the app provider regulated by the Financial Conduct Authority (FCA)?
  • Does the app offer any extra rewards/benefits?
  • What analytical and research tools does the app provide?

Investment platform alternatives

Continue comparing investing options with any of our other top-rated investment platforms:



Frequently Asked Questions

What are stock trading apps?

A stock trading app allows investors and traders to keep an eye on accounts and place trades through financial intermediaries. Trading apps often have other features, such as charting tools, real-time quotes and news feeds.

Are UK stock trading apps safe?

There are many UK stock trading apps. To trade safely, make sure the platform provider is authorised and regulated by the Financial Conduct Authority (FCA) – not all of them will be. Also, check the app is owned by a trustworthy source. Finally, check if the app uses encryption for handling data.

Can you trade stocks for free?

Some brokers offer a free practice account. One important factor to bear in mind when comparing trading apps are fees. Even low fees can drastically reduce your portfolio’s return, particularly if you’re a frequent trader. Some brokers charge a flat monthly or annual fee for using the trading app.

Here are the most common types of trading app fees:

  • Trade commissions: You’ll pay these fees when you buy or sell securities, such as stocks, ETFs, or options. In many trading apps, these fees can be very low — between £4.99 to £9.99 per trade.
  • Management fees: Some trading apps will charge a fee, which is often a small fee, for the maintenance of your account. Usually this is calculated based on a percentage of your portfolio.
  • Transfer fees: Some brokers charge a fee if you want to transfer your stocks to a different trading app.
  • Inactivity fees: Some apps will charge you an “inactivity fee” if you don’t carry out a minimum number of trades within a specific timeframe. For example, you may need to make at least five trades within 12 months, or you’ll be charged £50.

The Motley Fool receives compensation from some advertisers who provide products and services that may be covered by our editorial team. It’s one way we make money. But know that our editorial integrity and transparency matters most and our ratings aren’t influenced by compensation. The statements above are The Motley Fool’s alone and have not been provided or endorsed by bank advertisers.