Best Trading Apps in the UK 2024

Claire Maumo is our financial writer and leads our editorial team in delivering engaging, informative, and easy-to-understand content. With a background in journalism and finance and a passion for financial education, she ensures our content is well-received by every trader.

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With the increasing demand for trading apps in the UK, many traders are looking for the best options for managing their activities. The best element about trading with apps is that they make it easier for you to create a work-life balance. You can still focus on other personal activities while exploring the financial market on the go. But, how do you make a suitable choice among hundreds of options available?

Since conducting research can be overwhelming, especially for newbies. In this case, we decided to manage all procedures for you. Our tests and analysis were thorough, and we list below the best trading apps in the UK 2024 approved by our experts. Plus, this guide enlightens you on what mobile trading is, how to make the best choice, and more. 

List of the Best Trading Apps in the UK

  • Pepperstone – Top Option For Social Trading
  • AvaTrade – Overall Best Trading app in the UK
  • FxPro – Top Trading App For Forex Traders
  • IG Markets – Best Trading App For Professional UK Traders
  • eToro – Beginner-Friendly Trading App in the UK
  • FP Markets – Top Stock Trading App in the UK
  • Plus500* – Best CFD Trading App in the UK

Note: 82% of retail investor accounts lose money when trading CFDs with this provider.

In This Guide

UK Trading Apps: Comparison Table

Our research process for identifying and recommending the best trading apps UK took hours to complete. We started by collecting hundreds of apps, prioritising their regulatory status. We only considered those that were licensed and regulated by the Financial Conduct Authority (FCA)

Besides conducting multiple tests, we compared the brokers we sampled based on various elements. These include fees, platform performance, demo accounts, support services, and more. We then combined our test results with the findings we gathered from user testimonials. 

Here is a table we share highlighting the main features we discovered on our top UK trading apps. We encourage you to compare them and make a suitable choice. 

Best Trading App UKLicenceSupport ServiceSoftwarePaymentDemo AccountMoney Insurance
PepperstoneFCA, ASIC, FSCA, DFSA, CySEC, CMA, SCB, BaFin24/7TradingView, MT4, MT5, cTrader, Pepperstone Trading Platform, Social tradingVisa, Mastercard, Bank transfer, Neteller, Skrill, PayPalYesYes (up to £85,000)
AvaTradeCBI, CySEC, ASIC, BVIFSC, FSA, SAFCSA, ADGM, ISA24/5MT4, MT5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, Capitalise.aiCredit/debit cards, Wire transfer, Paypal, Skrill, NETELLER, WebMoneyYesYes (up to $1,000,000)
FxProFCA, CySEC, FSCA, SCB24/5FxPro Mobile App, MT4, MT5, cTrader, FxPro WebTraderCredit/debit cards, Bank wire transfers, Neteller, Skrill, PayPalYesYes (up to £85,000)
IG MarketsFCA, BaFin, MiFID, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, CFTC, BMA
24/5
Online platforms, Mobile apps, MT4, ProRealTime, L2 Dealer, US options and futuresCredit/debit cards, Bank wire transfers, Neteller, Skrill, PayPal
Yes

Yes (up to £85,000)
eToroASIC, CySEC, FCA, FSAS24/5eToro investing platform, Multi-asset platform, Copy TraderCredit/debit cards, PayPal, Bank transfer, Neteller, Skrill, eToro Money, Online BankingYesYes (up to $250,000)
FP MarketsFCA, FSCA, ASIC, CMA, CySEC, FSA24/7MT4, MT5, TradingView, cTrader, WebTrader, Mobile App, Copy TradingCredit/debit cards, Neteller, Skrill, Bank transfer, Google Pay, Apple PayYesYes (up to $500,000)
Plus500*

82% of retail investor accounts lose money when trading CFDs with this provider.

FCA, CySEC, ASIC, MAS, FSA24/7Plus500 WebtraderBank Wire Transfer, Credit/debit cards, Paypal, SkrillYesYes (up to £85,000)

Apps Short Overview

When choosing the best trading app in the UK, it is crucial to prioritise your trading requirements. From our analysis, many traders will consider regulatory status, fees, and asset offerings. However, making comparisons can be a lengthy process. That is why we share the tables below showing brief overviews of the fee structures and assets offered by our top UK trading apps. 

Fees

Best Trading App UKFeesMinimum Deposit RequirementTransactionInactivity
PepperstoneFrom 0.0 pips£0Free£0
AvaTrade0.09 pips£100Free£50 quarterly
FxProFrom 0.0 pips£100Free£10 one-off account maintenance fee after 6 months
IG MarketsFrom 0.6 points£0FreeNone
eToroFrom 2 pips£100£5 withdrawal£10 monthly
FP MarketsFrom 0.0 pips£100FreeNone
Plus500*From 0.0 pips£100Free£10 monthly

Note: 82% of retail investor accounts lose money when trading CFDs with this provider.

Assets

Best Trading App UKForexCryptosStocksCommoditiesETFsOptions
PepperstoneYesYesYesYesYesNo
AvaTradeYesYesYesYesYesYes
FxProYesYesYesYesNoNo
IG MarketsYesYesYesYesYesYes
eToroYesYesYesYesYesNo
FP MarketsYesYesYesYesYesYes
Plus500* (CFDs)YesYesYesYesYesYes

Note: 82% of retail investor accounts lose money when trading CFDs with this provider.

Our Expert Opinion about Trading Apps in the UK

We find these tradings listed here the best for various reasons, which we will share in our mini reviews below. We hope you also find them intriguing and choose what’s best for you after making comparisons. 

1. Pepperstone – Top Option For Social Trading

Pepperstone’s trading app is among the most highly reviewed by users. We decided to test it and can attest that it is user-friendly and customisable on both Android and iOS mobile devices. Moreover, signing up for trading accounts is straightforward, and there is no minimum deposit requirement to start trading. Plus, the app supports numerous platforms on its Razor and Standard accounts, including TradingView, cTrader, MT4, and MT5. This guarantees access to quality resources for market analysis and skills development.

We like that the Pepperstone app supports social trading across all its featured third-party platforms. This feature is excellent for newbies or individuals who have limited time to conduct research. Through a chat group, you will interact with other global traders to learn more trading tips. Plus, you can follow the professional ones and mirror the positions you find have increased profitability. And whenever you encounter challenges while trading, you can rely on this app’s team of professionals. We found them very prompt and offer relevant solutions to keep you going. 

Pepperstone

✔24/7 support service
✔User-friendly and navigable platform

trustpilor logo
2,817 User Reviews
google
4,480 User Reviews
apple
1 User Reviews
financeraters logo
Our Rating
Total Rating:
7,298 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • No minimum deposit requirement
  • A highly reputable trading app by users on Google Play, the App Store, and Trustpilot
  • Its social trading feature is supported across multiple platforms
  • Free deposits and withdrawals
  • No inactivity fees

Cons

  • Limited asset offerings compare to its peers
  • No buying and taking ownership of the listed securities

We find Pepperstone broker to be one of the brokers with transparent fee structures. There are no hidden charges, so what you see displayed on its platform is what you will incur. This makes it easier for you to budget without worrying about overspending.

Let’s discover below some of the trading and non-trading charges at Pepperstone.

Trading and Non-Trading Charges Details
Account Opening $0
Management Fee $0
Minimum Deposit Requirement From $0, depending on your jurisdiction
Commission From $0.02 on US-listed shares
Spreads From 0.0 pips on its Razor Account
Deposits and Withdrawals Free
Inactivity None
Overnight Funding Varies based on global market conditions
Copy Trading Free

Note that Pepperstone charges both spreads and commissions. While spreads are charged on all accounts, commissions are only imposed on the Razor Account.

At Pepperstone, we discovered over 1,200 CFD and spread betting assets. The securities are in different classes, including shares, commodities, forex, indices, ETFs, and cryptocurrencies. Unfortunately, some assets like options are missing.

As we previously mentioned, there are two types of trading accounts, namely Razor and Standard, with which you can explore these securities. We also noticed that Pepperstone supports leverage trading on its featured securities. Retail traders will enjoy limits up to 30:1, while professionals are eligible for limits up to 400:1. This allows you to manage larger trades with a small capital, thus maximizing your chances of earning huge profits.

That being said, let’s break down the number of asset offerings at Pepperstone.

Asset Class Number Offered
Forex 97+ currency pairs
Shares 1000+
Indices 23+
Commodities 40+
Cryptocurrencies 30+
ETFs 48+

Disclaimer: Spread betting and CFD trading have the application of leverage attached to them. Therefore, while the activity can magnify your returns, losses are inevitable. To avoid incurring massive losses with CFD trading, understand how it works plus all the risks involved. Plus, only risk funds you are comfortable losing, considering that over 76% of retail traders lose money in this activity.

2. AvaTrade – Overall Best Trading app in the UK

We had one of the most exciting experiences trading at AvaTrade. No wonder the majority of users on Google Play and the App Store highly rate it. It has a user-friendly platform with a modern design. The app is also customisable, which allows you to trade long-term even as you continue advancing your skills. Plus, we discovered robust security measures, including face and touch IDs, passcodes, and more. 

When it comes to asset offerings, AvaTrade’s app gives you access to more than 1250 options. These include forex, shares, commodities, indices, cryptos, and more, all of which you get to trade as CFDs. We also like its low trading charges and the ability to support social and copy trading. For those looking for advanced resources, this app partners with third-party platforms like the MT4 and MT5 to ensure you get everything you need. 

AvaTrade

✔Regulated by FCA
✔The platform supports algorithmic trading

trustpilor logo
8,869 User Reviews
google
10,200 User Reviews
apple
25 User Reviews
financeraters logo
Our Rating
Total Rating:
19,094 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • Low minimum deposit requirement of £100 for UK clients
  • Low spreads from 0.9 pips on major currency pairs
  • A highly rated and secure app
  • Features quality learning and market analysis materials

Cons

  • Only CFD trading supported
  • It has a £50 quarterly inactivity fee that kicks in after only three months

Our experts investigated the AvaTrade broker’s fees and charges. We first noticed that the platform has a modest minimum deposit requirement of $100. What’s more, its users pay no additional costs while depositing funds or cashing out. That makes AvaTrade an ideal broker for both cost-conscious and newbie traders who want to test their waters with small capital before going all in.

That said, AvaTrade requires dormant account holders to pay $50 after every 3 consecutive months of inactivity. Moreover, if you let your account remain inactive for over successive months of inactivity, the broker will charge you a $100 administration fee. Not to forget, AvaTrade requires traders who hold positions overnight to cover a premium.

Here’s a breakdown of the fees you should expect to encounter while trading with this service provider:

Fees and Charges Amount
Spreads From 0.9 pips
Administration fee $100
Inactivity fee $50
Overnight premium Yes

The AvaTrade trading platform’s users have access to over 1,250 financial instruments, from forex pairs and indices to commodities, options, ETFs, and more. Below is an overview of some of this service provider’s product offerings:

  • Forex: As an AvaTrade user, you can trade diverse popular currency pairs, like EUR/USD, CAD/JPY, and USD/TRY. You can also boost potential returns with leverage of up to 400:1.
  • Commodities: From crude oil to silver, corn, and platinum, countless commodities are available on the Ava trading platform. They have competitive spreads and juicy leverages for individuals who want to access larger positions with small capital.
  • Cryptocurrencies: With an AvaTrade account, you can trade crypto CFDs like BTC/USD, Ripple, and Bitcoin Gold. These assets have reasonable spreads starting from 0.10% over-market.
  • Stocks: Over 90 stocks are accessible on the AvaTrade platform, including popular products like Groupon, Apple, and Microsoft. You can trade such instruments and enjoy reasonable spreads starting from 0.13%.
  • ETFs: If you want to trade ETFs, AvaTrade has you covered. You’ll find numerous outstanding assets, such as the MSCI EAFE Index Fund, S&P 500 VIX Short-Term Futures ETN-Series B, and Energy Select Sector SPDR.
  • Indices: After opening an AvaTrade account, you’ll get uncapped access to US500, UK100, CHINA A50. The broker also allows index traders to enhance potential returns with up to 100:1.
  • Options: AvaTrade’s AvaOptions trading platform allows users to trade options. It’s also equipped with 13 strategies, including call spread, put spread, and straddle.

3. FxPro – Top Trading App For Forex Traders

FxPro is a suitable trading app for UK forex traders, thanks to its support for quality resources for forex trading. Besides listing more than 70 currency pairs, we like its ultra-low forex fees, which start from 0.0 pips on major currency pairs. Moreover, this app hosts third-party platforms, including cTrader, MT4, and MT5, known to host advanced resources. We also recommend FxPro for forex trading due to its micro lot trading services, thus offering an opportunity to low-budget traders.

Besides forex, FxPro is home to over 2100 securities, including shares, indices, futures, energy, and more. Moreover, it has a low minimum deposit requirement of £100, and you get to transact without incurring any additional cost. With a fast trade execution speed and plenty of learning materials, any trader can try FxPro. The best part is that it has a demo account for testing it before making a commitment. 

FxPro

✔24/7 customer support
✔Thousands of financial instruments

trustpilor logo
508 User Reviews
google
2,550 User Reviews
apple
71 User Reviews
financeraters logo
Our Rating
Total Rating:
3,129 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • A user-friendly mobile app for Android and iOS devices
  • Low minimum deposit requirement of £100 for UK clients
  • Hosts quality trading tools on its FxPro web, cTrader, MT4, and MT5 platforms
  • Lists over 70 currency pairs

Cons

  • Offers only CFD trading
  • No EA trading on its FxPro proprietorship platform

Admittedly, FxPro isn’t the cheapest broker today. The company requires first-time users to make a $100 initial deposit to use a standard account, which is reasonable but can’t be termed as the lowest threshold. Also, Raw+ account holders must make an initial deposit of $500 or more. Additionally, anyone interested in the company’s Elite account offering must be ready to meet the $30k minimum deposit mandate. Please review and understand FxPro minimum deposit requirements before registering a live account.

When it comes to spreads and commissions, FxPro has juicy offerings. Everyone who opts for Raw+ or Elite gets the opportunity to enjoy sharp spreads starting from 0 pips. The numbers are higher for Standard Account owners, with the lowest spreads starting from 1.2 pips.

We have some good news for those worried about transaction fees inflating costs. FxPro doesn’t charge additional deposit or withdrawal fees. However, you may have to cover charges inflicted by financial institutions, depending on your preferred funding method.
Here’s an overview of the FxPro broker fees and charges:

Fees and Charges Amount
Minimum deposit $100
Spreads From 0 pips
Transaction fees $0
Currency conversion fee Yes

Over 2,100 assets are available on the FxPro broker platform. They range from forex pairs and energy to indices, metals, and futures. Check if this service provider supports your favorite assets before signing Up. Here’s an overview of the supported product list to help you out:

  • Forex: 70+ tradable pairs are available on the FxPro trading platform, ranging from CAD/JPY and EUR/GBP to GBP/CHF, GBP/CAD, and USD/JPY. Every category, from major to minor and exotic FX pairs, is available here.
  • Shares: With FxPro, you can trade CFDs on global shares like ALCOA CORP, Western Union Co, and Zoetis Inc. You can start trading shares from different regions, including the EU, UK, and the US.
  • Metals: If you want to trade CFDs on precious metals, FxPro is the place to be. Different products like aluminum, lead, and copper are offered here.
  • Futures: FxPro clients have access to CFD futures on agricultural commodities like wheat, energy products like natural gas, and indices. Popular products range from Cocoa U24 and Coffee Z24 to Gas U24.
  • Energy: CFDs on spot energy products like natural gas, Brent oil, and WTI are offered to FxPro users. You can trade these instruments or use them to diversify your portfolio.
  • Indices: After signing up with FxPro, you’ll get access to CFDs on myriad indices, from the Nikkei 225 Index to the Dow Jones Industrial Average and spot indices like the Australia 200 Spot Index and the China H Shares Spot Index.
  • Crypto: FxPro offers you the opportunity to trade CFDs on Bitcoin, Doge, Ether, and many other crypto assets. If you are a cryptocurrency enthusiast and want to profit from cryptos without owning the underlying crypto assets, consider trading cryptocurrency CFDs with this terrific broker.

4. IG Markets – Best Trading App For Professional UK Traders

From our tests and comparisons, we primarily recommend IG Markets to professional clients. Its fast trade execution speed makes it easier for professional clients to manage multiple trades within a day. Moreover, we like that it has incorporated share and ETF investment in its portfolio. This allows you to alternate between CFD trading and long-term investing anytime you see fit within a single platform. IG Markets also hosts US-listed options and futures, which you get to trade with commissions starting from £1 per contract. 

Overall, we discovered over 17,000 instruments to trade and invest in. CFD trading and spread betting are supported, which attracts all types of traders. And when it comes to the availability of market analysis tools, there is a vast selection that will leave you spoilt for choice. These resources are offered on its Web, ProRealTime, L-2 Dealer, and MT4 platforms. On top of that, you can rely on IG Markets’ 24/7 support service, which has proven efficient and reliable in managing users’ concerns. 

IG Markets

✔17,000+ financial markets
✔No minimum deposit requirement

trustpilor logo
7,257 User Reviews
google
20,600 User Reviews
apple
2,700 User Reviews
financeraters logo
Our Rating
Total Rating:
30,557 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • Hosts a demo account with £10,000 virtual funds for beginners to get started with
  • It recently introduced US-listed options and futures, giving UK users an opportunity to expand their portfolios
  • No minimum deposit requirement for UK clients
  • Hosts 17,000+ securities across various classes
  • Multiple trading platforms for all types of traders

Cons

  • High trading and investing fees compared to its peers
  • It has plenty of advanced tools that can confide beginner traders

Both low-budget and high-budget individuals can trade on IG Markets since this broker has no minimum deposit requirement. You can top up your account with whatever is within your budget limitations after signing up with this terrific service provider. Note that IG Markets charges spreads and commissions that vary from one asset to another. For instance, the spreads for currency pairs like AUD/USD and EUR/USD start at 0.6 points. On the other hand, the charges for shares start at 0.08% commission per side. You can also trade spot gold and other commodities, whose spreads start at 0.3 points.

We’ve highlighted some of the fees and charges that our experts discovered while exploring and evaluating IG Markets.

Fees and Charges Details
Account opening charge $0
Spreads and commissions Starting from 0.1 points/ 0.08% commission per side
Overnight funding Yes
Guarantee stop premiums Yes
Direct Market Access Variable commission
Live price data fees Variable monthly fee
Currency conversion fee 0.8%
Account inactivity fee $0

Presently, traders registered with IG Markets have access to 17,000+ financial instruments. There is a high chance that this broker has your favourite products and then some. Building a diversified portfolio should be a dream while trading with IG Markets.

Here’s a sneak peek of the financial assets offered by the IG Markets broker:

  • Indices: IG Markets allows its users to take positions on 80+ indices, including popular markets like Wall Street, FTSE 100, and US 500. Such products give you the opportunity to profit from entire economies and sectors.
  • Forex: Different forex products are available on the IG Markets trading platform, including popular pairs like AUD/USD, EUR/JPY, and USD/CHF. Many of these instruments have competitive spreads. For instance, the EUR/USD, GBP/USD, and USD/JPY spreads are 0.6 points, 0.9 points, and 0.7 points, respectively.
  • Shares: IG Markets gives traders uncapped access to over 13,000 international shares, with competitive commissions starting from 0.08% per side for Australian products. Diverse categories of shares are available on the platform, from Hong Kong SAR and New Zealand to Australia and South Africa.
  • Commodities: Iron, nickel, cobalt, copper, and other commodities are available for trading on the IG Markets platform. After signing up with this broker, the commodities you will get access to belong to different product categories, from energies to precious metals.
  • Cryptocurrencies: IG Markets offers CFDs on 11 popular crypto assets like Bitcoin, Ether, and Cardano. The broker’s users also have access to the Crypto 10 Index and 2 crypto crosses, Bitcoin/Ether USD (£1) and Bitcoin Cash/Bitcoin.
  • Specialist markets: After becoming an IG Markets user, you’ll gain unlimited access to ETFs, options, and interest rates. The broker also allows its clients to earn returns from bonds, sectors, and knock-out trading.

5. eToro – Beginner-Friendly Trading App in the UK

eToro is an excellent choice for beginners not only because of its user-friendly interface but also plenty of learning materials on its eToro Academy platform. We discovered many articles, guides, recorded videos, webinars, and more. Plus, the app has a £100,000 virtually funded demo account, which will help any new trader become familiar with the UK’s financial market free of charge. It is also among the most highly rated apps by users.

Note that eToro has an award-winning CopyTrader platform supporting social and copy trading. Through this platform, newbies will mingle with other traders and discover new trading tips and ideas. They are also free to follow the professional ones so they will mirror their potentially profitable positions. When it comes to asset offerings, over 6,000 options are available. You can engage in both long-term and short-term trading and investing at eToro with as little as £100.

eToro

✔ User-friendly trading platform
✔ Over 6000 trading instruments

Visit site
{etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider.
Read review
trustpilor logo
5 User Reviews
google
142,000 User Reviews
apple
31 User Reviews
financeraters logo
Our Rating
Total Rating:
142,036 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • Low minimum deposit requirement for UK clients
  • Plenty of learning resources and a virtually funded demo account
  • Commission-free stock and ETF trading
  • Fractional share purchases are supported

Cons

  • A £5 withdrawal fee applies
  • High trading charges compared to its peers

eToro has a transparent fee structure that is easy to understand and helps you plan accordingly. From our analysis, we discovered the following trading and non-trading eToro fees.

Trading and Non-Trading Charges Details
Account Opening $0
Management Fee $0
From $50, depending on your jurisdiction 0.6
Commission From 0% on stocks and ETF trading
Spreads From 1 pip on major currency pairs
Deposits and Withdrawals $5 withdrawal
Inactivity $10 monthly
Currency Conversion 1.5% or 3.0%, depending on the currency or payment method
Overnight Funding Varies based on global market conditions
Copy Trading Free

We discovered that eToro allows users to trade and invest in global markets. You can go long or short in a single portfolio. Overall, there are more than 6,000 instruments, which are spread across multiple classes. Investment options are stocks, which allow you to buy and take ownership of global stocks across various sectors. Fractional share purchases are also supported at eToro. This will enable you to fill your portfolio with leading stocks from global exchanges. ETFs are also other investment assets at eToro.

When it comes to CFD trading, this broker offers it with flexible leverage limits for both new and professional traders. From our experience, retail traders get up to 1:30 leverage limit and professionals up to 1:400. With CFD assets, you can go long or short and speculate on both rising and falling asset prices.

That being said, here is the number of tradable assets available at eToro.

Asset Class Number Offered
Forex 55+ currency pairs
Shares 5558+
Indices 21+
Commodities 35+
Cryptocurrencies 100+
ETFs 680+

Note that eToro also supports options trading but is limited to US clients only. You can also explore diverse non-fungible tokens (NFTs) via its Delta platform.

Disclaimer: CFD trading is risky and complex, thus not suitable for all types of traders. This is primarily due to the application of leverage attached, which can give you good profits as well as leave you with massive losses. So far, over 76% lose their money in CFD trading. That is why it is important to conduct extensive research and understand CFD trading risks before you invest your money in it.

6. FP Markets – Top Stock Trading App in the UK

We had an amazing experience trading stocks at FP Markets’s app. Although stock trading is only supported as CFDs, there are numerous market analysis tools for strategy development. The app is also one of the most easy to use and has a fast trade execution speed. We efficiently participated in day trading without experiencing any technical glitches. The third-party platforms on which we traded stocks include MT5, MT4, cTrader, and TradingView.

There are more than 10,000 stocks on global exchanges listed at FP Markets. While there are multiple trading accounts, share trading at its Iress was amazing. Leverage limits go up to 20:1 for retailers and 500:1 for professional traders. Additional assets are also at your disposal for portfolio diversification. These include forex, indices, commodities, ETFs, and more. 

Additionally, the FP Markets stock trading app offers a seamless experience for those looking to trade on the go.

FP Markets

✔Low minimum deposit requirement
✔Hosts numerous learning and market analysis tools

trustpilor logo
7,164 User Reviews
google
0 User Reviews
apple
2 User Reviews
financeraters logo
Our Rating
Total Rating:
7,166 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • £100 minimum deposit requirement, which we find low
  • Free deposits and withdrawals
  • Quality learning and research materials
  • Multiple trading platforms to choose from
  • Features social and automated trading

Cons

  • Stocks are offered for CFD trading only
  • Accessing the Iress account requires a £1,000 minimum deposit, which in our opinion, is high

We reviewed the applicable FP Markets fees, and like that the broker has a transparent structure. This allows users to efficiently plan for their activities without worrying about incurring additional costs. There are no hidden charges and no price manipulation with this broker.

Trading and Non-Trading Charges Details
Account Opening $0
Management Fee $0
Minimum Deposit Requirement From $50, depending on your jurisdiction
Commission From 0%
Spreads From 0.0 pips on major currency pairs
Deposits and Withdrawals Free deposits. Withdrawal fees apply based on the payment method used
Inactivity $0
Overnight Funding Varies based on global market conditions
Copy Trading Free

There are more than 10,000 CFD instruments at FP Markets across various asset classes. These include forex, shares, commodities, cryptos, and more. The best element about exploring these securities is that you have access to multiple platforms to choose from. Whether you prefer the MT4, MT5, cTrader, or TradingView, FP Markets has it all for you. You are guaranteed quality resources to maximize your potential.

When it comes to leverage applications, FP Markets has favorable limits for all types of traders. Retail traders can get up to 30:1, while professionals get 500:1. Moreover, we discovered multiple account types to suit every trader’s needs.

Here is a breakdown of the number of assets you will trade at FP Markets Standard, Raw, and Iress accounts.

Asset Class Number Offered
Forex 70+ currency pairs
Shares 10000+
Indices 19+
Commodities 12+
Cryptocurrencies 12+
ETFs 46+
Bonds 2+
Futures 7+

Disclaimer: CFD trading is risky, especially with the application of leverage attached. While many traders earn good profits from it, it can leave you with massive losses should a trade work out against you. Therefore, start by understanding CFD trading and all the risks involved before venturing into such securities. Remember, over 76% of retail traders lose money in CFD trading.

7. Plus500 – Best CFD Trading App in the UK

CFD trading has been made easy with Plus500. From our analysis, Plus500 is among the most highly rated by users. Plus, it supports over 2,000 CFD assets across multiple classes, including shares, forex, commodities, indices, ETFs, and more. All these are available to trade commission-free with spreads starting from 0.0 pips. We also like that Plus500 supports free transactions across multiple payment methods like credit/debit cards, e-wallets, and bank transfers. 

We started trading at Plus500 app with a minimum deposit of £100. We consider this low compared to other apps with higher requirements. Note that Plus500 has the interest of beginner traders at heart. Besides hosting quality learning materials, there is a virtually funded demo account to get started with. For advanced traders, there is a “Professional Trading” platform with advanced unique resources. These include higher leverage limits up to 1:300. 

Note: 82% of retail investor accounts lose money when trading CFDs with this provider.

Plus500

✔Easy-to-use trading platform
✔No hidden charges

Visit site
82% of retail investor accounts lose money when trading CFDs with this provider.
Read review
trustpilor logo
14,120 User Reviews
google
102,000 User Reviews
apple
1,600 User Reviews
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Our Rating
Total Rating:
117,720 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • Low minimum deposit requirement
  • An easy-to-use and customisable platform
  • Diverse CFD assets to explore
  • Commission-free trades

Cons

  • No social trading
  • Charges a £10 monthly inactivity fee that kicks in after only three months

Many traders prioritize brokers they can afford. Since fees vary with a broker, we decided to go through Plus500’s fee structure. Here are some of the trading and non-trading charges to expect when you commit to this broker.

Trading and Non-Trading Charges Details
Account Opening $0
Minimum Deposit Requirement $100
Commission $0
Spreads From 0.0 pips on major currency pairs
Deposits and Withdrawals $0
Inactivity $10 monthly
Currency Conversion Up to 0.7%
Overnight Funding Varies based on trade size

From our analysis, we discovered that the Plus500 trading platform lists over 2,800 assets. These assets are spread across various classes, including forex, shares, indices, commodities, cryptos, options, and ETFs. For most regions, Plus500 supports CFD trading across the featured assets. Real stock trading is available on the Plus500 Invest platform, while futures trading is only available for US citizens on the Plus500 Futures platform.

Let’s break down the number of Plus500 product selections.

Asset Class Number Offered
Forex 60+ currency pairs
Shares 1900+
Indices 29+ global stock indices
Commodities 24+
Cryptocurrencies 19+
ETFs 96+

Note that options trading at Plus500 is offered on a few stock CFDs and stock index CFDs. Thematic indices like the Cannabis Index are also available for traders.

Disclaimer: CFD trading is complex and highly risky, considering the application of leverage attached. We have witnessed over 76% of retail traders lose their money in CFD trading. It may not be a suitable activity for you. Therefore, ensure you understand how CFD trading works and the risks involved. 

Mobile Trading in the UK

Mobile Trading in the UK

Mobile trading in the UK has transformed the way traders manage their positions. Gone are the days when traders used to be glued to their desktop screens the whole day or find physical locations to trade. With mobile trading, it’s now easier for you to access the financial market anytime using your tablet or smartphone. Plus, mobile trading allows you to access market analysis resources, receive alerts and notifications, and more. 

There are many trading apps in the UK, thanks to the high demand and advancing technology. Every broker wants to stand out, thus creating apps with cutting-edge technologies for iOS and Android mobile devices. Mobile trading works just like desktop trading, and all you have to do is make a suitable choice for your requirements.

The financial market in the UK is overseen by the FCA. This means that every broker offering mobile trading must be licensed and regulated by this authority. Having an FCA-regulated app secures your funds, thus keeping you away from fraudsters and scammers. The FCA strives to maintain the integrity of the UK’s financial market and ensure all traders enjoy favourable trading conditions and environment. 

Like any other business venture, mobile trading in the UK is subject to tax deductions. This means that any profits you earn from the activity must be taxed and reported to the HMRC. Plus, trading using a mobile device doesn’t guarantee profits. You must conduct extensive market research and be familiar with the asset you are trading for an increased potential. It is also advisable to alternate between desktop and mobile trading, considering the wider screens desktop devices have. 

Mobile Trading vs Desktop

Mobile Trading vs Desktop

There is no huge difference between mobile and desktop trading. This is because they both require an internet connection to give you access to the financial space. Plus, the best desktop and mobile trading platforms offer quality resources for skills and strategy development. The only difference is their screen size, which desktop devices shine on. Mobile trading also allows you to manage your positions while on the move. 

Many UK traders prefer alternating between mobile and desktop trading. You can consider desktop trading if you are not always mobile, and spend most of your time at home or the office. It is perfect for long-term investments, as this venture doesn’t require frequent monitoring. 

However, mobile trading is for those who are always on the move, as it offers more flexibility than its desktop counterpart. You can use mobile trading for strategies like day trading or scalping, as they require constant monitoring and should be closed within a day. 

Overall, both desktop and mobile trading have their benefits. Regardless of your preference, be knowledgeable about an asset you plan to trade and conduct extensive research for solid strategies. Most importantly, apply risk management controls, especially on volatile assets whose price constantly changes. 

How to Choose the Best Trading App UK

Trading with the best app in the UK exposes you to diverse opportunities. Not only are you guaranteed a secure platform but also quality resources. Simply put, the best trading app will maximise your potential and experience. To identify the best app, various elements must be looked into, including the following: 

Security
Charges
Performance/Reliability
Assets Available
Support Service
User Recommendations

The security of a trading app you commit to must be looked into keenly. Besides being highly encrypted, ensure the app is offered by an FCA-regulated broker. This guarantees your funds’ safety since they will be stored in segregated accounts that are only accessible to you. Note that some apps have licences from multiple jurisdictions. This proves that global traders trust it, and you will enjoy your experience.

The app you trade with should be affordable. While many do not have account sign-up charges, other trading and non-trading costs apply. These include commissions/spreads, deposit and withdrawal charges, currency conversion fees, financing costs, and more. It is also crucial to confirm the minimum deposit requirement and decide whether you can afford it. Overall, the best trading app UK should have a transparent fee structure with no hidden charges.

While trading apps UK simplify your trading activities, the best must be easy to use and customisable. It is advisable to stick to an app long term than keep switching, which can end up confusing you. Plus, the app should host quality resources for strategy and skills development. It should also have a demo account to help you understand its performance in a risk-free environment before risking your hard-earned money.

The financial market hosts numerous assets, including stocks, forex, commodities, indices, cryptos, and more. Therefore, choose an app hosting the options you prefer and are familiar with. Having plenty of offerings means it will be easier for you to explore new ventures and easily diversify your portfolio.

A reliable and reputable support service is what you need when trading using an app in the UK. You see, challenges are bound to occur, and even the most professional traders have their bad days. In this regard, you should gauge the responsiveness of an app’s support service. Plus, ensure they can be contacted via convenient channels and are accessible within your trading hours. This is whether it’s 24/7 or five days a week.

You should confirm what previous and current users have to say regarding their experiences with a trading app you are considering. To get honest comments and ratings, visit Google Play, the App Store, and Trustpilot. Sample as many reviews as possible to understand what makes an app stand out from a user perspective. Of course, there will be negative comments as well. But make a decision based on what intrigues you most.

Mobile Trading Risks

Like desktop, mobile trading is risky, and you must approach the venture strategically. But before you do, understand these risks so you can make the best decisions that will maximise your profitability. Some of the mobile trading risks include: 

  1. Security risks

Trading using mobile devices exposes you to cyber attacks. If you do not trade with a highly encrypted app, your personal details may fall into the hands of hackers. Moreover, technical glitches and unstable internet may affect your open position. This may lead to you incurring losses in the long run. 

  1. Cash management risks

Mobile trading exposes you to the financial market 24/7. Therefore, if you do not have a cash management plan, you may find yourself spending more than you had planned for. Emotions like fear, excitement, greed, and more, may cloud your decisions. It is essential to have a plan and stick to it while trading. 

  1. Liquidity risks

In the financial market, many assets are highly liquid while others aren’t. Trading illiquid assets can sometimes put you at risk of losing money. This is especially if you want to sell the asset but do not have any market at your disposal. Liquid assets are also risky, as their prices may drastically fluctuate, thus confusing you with the right decisions to make. 

  1. Leverage risks

Mobile trading comes with leverage, which is like a double-edged sword. Leverage trading allows you to manage larger positions with a small capital. It can magnify your gains as well as amplify your losses. With this risk, you must conduct market research for solid strategies. Most importantly, understand everything about leverage and only risk amounts you are comfortable losing. 

  1. Volatility risks

The financial market is volatile, and assets’ value frequently fluctuates. This makes it challenging for mobile traders to analyse prices and identify the best entry and exit points. Being familiar with an asset and tracking its performance will help you increase your chances of managing profitable trades in this landscape. 

Take a look at our additional article discussing Investment Apps in the UK.

Pros & Cons of Mobile Trading

Mobile trading has encouraged many UK traders to join the online trading bandwagon. It has numerous benefits and a few pitfalls to note. These include: 

ProsCons
Ability to trade from anywhere using a smartphone or tablet.Smaller screens and low processing power compared to desktop devices.
It offers streamlined transactions, as orders can be executed quickly and effortlessly.Mobile trading confines traders to a single screen, unlike desktop, which allows users to manage multiple screens.
Access to live data 24/7, enabling you to make the best decisions.
You can track your activities anytime, making it easier for you to benefit from frequent but short-term opportunities.
Instant trade execution with a few taps on your screen. 

Conclusion

Mobile trading in the UK has been one of the best additions in the financial landscape. However, regardless of the top-notch resources and tools introduced, there is no profit guarantee. You still need to conduct extensive market research and develop solid strategies before. For beginners, get started on your app provider’s demo account and risk only funds you are comfortable losing. Risk management controls like stop-loss, and take-profit orders will also help mitigate losses. This is if a trade fails to work out in your favour. Overall, our top trading apps UK have excellent resources and services. Choosing from the list guarantees maximum security and an exciting experience. 

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Claire Maumo

Claire Maumo has experience in investment banking, strategic consultancy, and journalism. She has a Bachelor’s degree in Business Management and a Master’s in finance. She has a knack for making complex concepts easy to understand. Her primary focus is on crypto, blockchain, and financial instruments. Follow her for expert insights on trading and investment.

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