Investment apps have become increasingly popular in the UK, with more than 7.1 million people now using them to help them work towards financial freedom. These apps offer a range of benefits including low fees, advanced charting tools and the ability to invest in socially responsible shares. However, it’s important to consider your personal needs and preferences before selecting an app. For example, if you’re a beginner, it’s best to choose an app with a slick user interface and features that cater for beginners, such as eToro’s copy trading feature, Smart Portfolios and educational resources.

When selecting an investment apps for beginners UK, it’s also advisable to check whether the company is authorised and regulated by the FCA and offers protection under The Financial Services Compensation Scheme. This helps to ensure the company is accountable and adheres to strict standards of security. Additionally, checking user reviews on platforms like Trustpilot can provide valuable insights into how other users have found the experience of using an investment app.

How to Choose the Right ETF Platform in the UK

One of the most popular investment apps for beginners is Nutmeg, which offers a DIY and Managed Portfolio option with low fee structures. The platform asks about your goals, risk appetite and investment style to create a personalised portfolio of in-house funds that it then automatically rebalances as the market changes. It also allows penalty-free withdrawals from ISA and General Investment Account accounts. Alternatively, The Big Exchange is another leading investment app that allows you to select from a range of ready-made “bundles” and a list of rated investment funds if you prefer to take control.