There are all kinds of apps available nowadays, stock trading apps included. It is because of technology that there are so many apps. This enables anyone who’s wanted to get into stock trading to start with a simple registration process. Your level of knowledge doesn’t matter so long as you know if you’re a beginner or a pro.
So if you’re new to this, then it’s a good idea to go looking for trading apps for beginners in the UK. On the other hand, if you know what you’re doing then you’ll need a more advanced app to satisfy your needs. In both cases, there are certain features that you’ll need to consider.
Naturally, the app should be regulated and should have a vast array of tools you can count on. You’ll also need to be aware of any fees and commissions that come your way. The app will be worth your while if you’re faced with a user-friendly interface. All these features will make or break an app so consider them carefully. If you’re looking for some suggestions, then here are some apps you can consider:
Hargreaves Lansdown
This is a brand that has been around since 1981. In other words, it enjoys a fantastic reputation which means you can rely on their app. Unlike most trading apps today, this one is reserved for professional traders which is why this app has such high fees. It’s also worth noting that this company is part of the FTSE 100 which is another advantage to its app. It overs up to 8,000 stocks to trade with as well as amazing customer service. If you’re a pro, then this is the app for you.
eToro
On the other hand, if you’re a beginner and you need a steady hand to guide you eToro is ideal for you. It’s arguable the best stock trading app which is why it’s so popular. eToro boasts a clientele of over 13 million users. It also offers zero commission when trading stocks. Besides CFDs, you can also trade indices, forex, commodities, and even cryptocurrencies. On top of that, you can try your luck by trading gold, silver, natural gasses, and even oil. In other words, eToro will have your back if you’re a beginner and will offer lots of things for you to trade. That’s why it’s one of the top apps.
Libertex
Libertex is another well-known CFD broker. It doesn’t charge any commission on spreads, but it comes with fees that range between 0% and 0.5%. It offers a nice selection of over 50 CFD stocks as well as the blue-chip stocks in the US and some other stocks from Europe and Latin America. In addition to the stocks, you’ve also got blogs and even a news section that will keep you in the loop about important stock information. Finally, Libertex is one of the few apps that covers a wide range of payment options, e-wallets included.
Fineco
This is another app that enjoys a good reputation and is directed to the more experienced traders. One thing that sets it apart from the competition is the fact that it offers a flat fee of £2.95. It’s also regulated by the Bank of Italy and covered by the FCA. It doesn’t have a minimum deposit so pretty much anyone can create an account and start trading. You can monitor charts in real-time and even set price alerts.
Conclusion
These aren’t the only trading apps you’ll come across online. What’s best is to find the right one that’s suited to your needs and your experience. But keep an open mind as there are various trading strategies you can use. As a beginner, you might need a handful of them to succeed as a stock trader. Once you do, you’ll be free to chart your own course.
