Stock Trading Apps UK – 5 of the Best Picks

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The best UK stock trading apps allow you to buy and sell assets in a regulated and low-cost way.

In addition to stocks, you’ll likely find that your chosen platform also gives you access to commodities, indices, and forex.

In this article, we review our top five UK stock trading apps currently on the market.

Our 5 Best UK Stock Trading Apps for 2022

Looking for an overview of the top five stock trading platforms for 2022? If so, see the list of providers below.

  • eToro – Overall our best trading app for 2022
  • Capital.com – Trade over 6,000 CFD assets at 0% commission
  • Libertex – Our best trading app for leveraged positions
  • Skill – Our best trading platform for beginners
  • AvaTrade – Great platform for advanced traders

Read on to find our reviews of the above trading platforms.

Our favorite trading apps reviewed

1. eToro – Our Best Overall Trading App for 2022

The results of our research concluded that eToro is one of best trading apps on the market today. You can deposit from just $10 to get started if you’re based in the US or UK – or $50 elsewhere. Once your account is ready to go, you can buy and sell stocks and ETFs with 0% commission. This covers thousands of markets from 17 US and international exchanges.

You can also access cryptocurrencies, forex, commodities and indices. In terms of fees, deposits and withdrawals in USD are free – and all other currencies are charged at 0.5%. Assets outside of the stocks and ETFs department can be traded on a spread-only basis.

Another essential feature of the eToro trading platform is that you only need a minimum investment of $10 when buying and selling stocks and ETFs. This means that eToro is perfect for people on a budget. You can also access passive investing tools on the eToro platform – which includes an innovative Copy Trading feature. As the name suggests, this allows you to copy the investments of a skilled eToro trader.

Additionally, you can also access smart wallets managed by the eToro team. These target specific industries and strategies – such as dividend stocks or renewable energy. It should also be noted that eToro offers a safe place to trade, especially because the platform is regulated by the SEC, FCA, ASIC and CySEC. More than 20 million customers in over 100 countries now use eToro, which is a testament to its popularity.

>>> Trade on eToro now

68% of retail investor accounts lose money when trading CFDs with this provider

2. Capital.com – Trade over 6,000 CFD assets at 0% commission

Next on our list of best trading app suppliers is Capital.com – specialized in financial derivatives. This includes both CFDs and spread betting instruments, although the latter is only available in the UK and Ireland. Nevertheless, all of the more than 6,000 financial markets available on the Capital.com platform can be traded commission-free.

Additionally, spreads are generally tight throughout the day and all deposits and withdrawals are processed free of charge. Getting started with this trading platform only requires $20 when using a debit/credit card or e-wallet. If you are looking to use a wire transfer to fund your account, the minimum is $250.

One of the main advantages of CFD trading on Capital.com is that you can apply leverage to your positions. The specific limits here depend on your business status and location. For example, retail clients in the UK, EU and Australia can trade major currency pairs with leverage of up to 1:30. In terms of supported markets, Capital.com offers everything from stocks and ETFs to indices, hard metals and energies.

>>> Trade CFDs on Capital.com now

76.25% of retail investor accounts lose money when trading CFDs with this provider

3. Libertex – Our best trading app for UK leveraged positions

Libertex is a premier online broker that offers both CFDs and traditional investments. Perhaps this trading platform is more popular for the latter, especially because Libertex offers leveraged markets on all of its supported financial instruments. This includes stocks, forex, metals, indices, agricultural commodities, energies, etc.

Much like Capital.com, the amount of leverage offered by Libertex will depend on where you live and whether you are a retail or professional client. In terms of fees, Libertex allows you to trade stocks at 0% commission. Spreads are also usually very competitive. You can open an account easily with Libertex and the platform supports debit/credit cards, Paypal, Skrill, etc.

Whichever payment option you choose to use, you will not be charged any transaction fees. Another reason why Libertex is popular is that it allows you to trade through MetaTrader 4 and 5. Additionally, when trading CFDs here, you can enter the market with a buy or sell order. This means that in theory you can attempt to profit from both rising and falling asset prices.

>>> Trade on Libertex now

CFD trading involves significant risk of loss which may not be suitable for all investors.

4. Skilling – Best trading platform for super tight spreads

Skilling is another leading provider specializing in CFD instruments. Specifically, this broker offers extremely low fees and the ability to go long or short. When it comes to cost effectiveness, Libertex offers some of the best spreads in the industry.

In addition to low spreads, Libertex allows you to trade stock CFDs at 0% commission. All markets supported by Libertex – which also covers forex, commodities and indices, can be traded with leverage. In fact, when trading with leverage on this platform, the minimum margin requirement is only $3. Finally, Libertex is also a good option if you want to trade on the go, as you can access your account through a user-friendly mobile app.

>>> Swap your skills now

5. AvaTrade – Excellent platform for advanced traders

AvaTrade is one of best stock trading apps in the market for those who have a solid experience in buying and selling financial instruments. The provider, which specializes in derivatives in the form of CFDs, offers a variety of advanced platforms. In addition to MT4 and MT5, this includes the AvaTrade web-based platform – which comes with technical indicators and chart drawing tools.

AvaTrade offers a good selection of CFDs on stocks, as well as forex, digital currencies, indices and commodities. All of the aforementioned CFD asset classes can be traded at 0% commission with tight spreads. Plus, as a CFD specialist, AvaTrade gives you access to the market of your choice with leverage – and the ability to enter a position with a buy or sell order.

>>> Trade on Avatrade now

How to choose the best trading app for you

When looking for the best stock trading platforms for your skills and financial goals, you need to consider a number of factors.

Regulations and safety

Assessing whether or not your chosen trading platform offers a safe and secure environment for investing is relatively straightforward.

That is, if the trading platform is legit, it will be regulated by a reputable financial body.

For example, the top rated platform eToro is not only regulated by the SEC and FCA, but also by CySEC and ASIC.

Tools and features

We love trading apps that offer tools and features to cover all skill sets.

For example, if you are a seasoned trader, you will likely find the technical indicators and chart drawing tools offered by Libertex useful.

If you’re a beginner, the Copy Trading tool offered by eToro is worth looking into – as it allows you to copy a successful investor like no other.

payment methods

You should also check which payment methods are supported when researching the best trading platforms.

All platforms and CFD brokers reviewed on this page support debit/credit cards and bank transfers – some even accepting Paypal and Skrill.

It is also wise to check what fees apply to the deposit/withdrawal method you have chosen.

Conclusion

This guide has gone over five of the best trading platforms to consider joining in 2022. All of the platforms discussed offer low fees, lots of supported assets, and solid reputations with financial regulators.

We found that eToro stands out in this crowded market – with the platform offering thousands of stocks and ETFs at 0% commission, alongside the forex and commodities markets.

Additionally, the minimum trade size at eToro starts from just $10 and you can open an account and make your first trade in less than 10 minutes.

Visit the eToro.com trading platform.

68% of retail investor accounts lose money when trading CFDs with this provider.

Your capital is in danger. You have to ask yourself if you can afford to take the high risk of losing your money.

This communication is for informational and educational purposes only and should not be considered investment advice, a personal recommendation, or an offer or solicitation to buy or sell financial instruments. This material has been prepared without regard to the investment objectives or financial condition of any particular recipient, and has not been prepared in accordance with legal and regulatory requirements intended to promote independent research. Any reference to the past or future performance of any financial instrument, index or packaged investment product is not and should not be considered a reliable indicator of future results.

This article is provided by CryptoPR and does not necessarily represent the views of The Herald

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