Day: April 21, 2024

Best Investment App For Beginners – Which is the Best Investment App For Beginners in the UK?Best Investment App For Beginners – Which is the Best Investment App For Beginners in the UK?

Investing is a key part of wealth creation but it can be intimidating and complicated. Thankfully investment apps take the jargon and complexity out and make it easier for anyone to start investing. They also typically have lower minimum investments making it more accessible for those with less money to spare.

eToro is the best investment app for beginners It is choice for beginner investors with the ability to invest in UK and international shares, funds, and ETFs. It also supports a number of trading instruments including cryptocurrencies and provides access to global markets with no commissions charged. The platform offers a wide range of strategies and can be linked to UK banks, e-wallets, or direct bank transfers. eToro also offers smart portfolios and copy trading for more hands-off investing.

Getting Started: The Best Investment Apps for Beginners in the UK

Hargreaves Lansdown is another big player in the space offering thousands of UK and US shares, funds, investment trusts, and ETFs. It has a do-it-yourself portfolio builder as well as ready-made portfolios designed for beginners. It also has competitive fees with no setup, withdrawal, or ISA charges and no dealing fees for basic accounts.

Another option is Moneybox which has no fees for its basic account and offers a ’round-up’ tool where it automatically rounds up your debit card transactions to the nearest pound and invests the difference into exchange-traded funds (ETFs). It also offers an auto-invest feature for those who want to have their funds managed by experts.