Fractional shares
Get dividend payments
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
There are a lot of different trading apps available if you plan to start share trading. We’ve rounded up popular stock trading apps in our comparison table to help you find the one that suits your profile best. We’ve also covered how to choose one, and we’ve updated this page to reflect the best apps available in 2023 (see top of this page).
A share dealing account or app lets you buy and sell investments – stocks, for example. Sometimes you can also trade other assets like exchange-traded funds (ETFs), index funds, bonds, investment trusts, and more. A share dealing account is known as a “brokerage account”, “share dealing platform” or a “share trading account”. It all refers to the same thing – a place where you can buy, sell, or hold investments.
Share dealing accounts differ in the range of assets you can trade. So if you’re keen on owning a bit of Apple, for example, you’ll need an account that lets you trade US stocks. Or if you want to trade oranges (not a joke), you’ll want a provider that lets you invest in commodities.
It’s worth considering opening a stocks and shares ISA with your chosen share dealing account provider to “hold” your investments because you can invest up to £20,000 a year in ISAs and you won’t have to pay tax on most profits. But you might have to pay a fee for the ISA, depending on the share dealing platform you use.
Choosing the best trading app ins’t a one-size-fits-all decision. Along with your individual style of investing, you’ll also want to know what an app looks like and how it performs on your device. There can be subtle differences between the Android and iOS versions of trading apps. But it’s not all about good looks. Finding the right investment platform shouldn’t just be a case of picking one that looks sleek on your device.
There are loads of different things that you should consider when choosing the best trading app, such as:
Trading apps that are authorised by the Financial Conduct Authority (FCA) and covered by the Financial Services Compensation Scheme (FSCS) are generally safe to invest with. They are required to keep your money in a ring fenced account (which means the money is kept separate from their business funds), and if they were to go bust, you’d be covered by up to £85,000 per account should you lose out financially from their insolvency.
There’s no guarantee that you’ll make a profit, it’s also possible that your investments will go down in value. You can protect yourself somewhat by investing in a well diversified portfolio.
Once you’ve decided on the right investing platform for your investing style, the next step is to sign up.
To make the process as smooth as possible, you’ll want to have your bank and personal details to hand (including your NI number). Some trading apps will be able to get you up and running within minutes, but some may take a little longer.
If you’re looking to make your first investment but don’t know where to start, we have an investing for beginners hub with plenty of guides for first-time investors like you.
We explore Cheddar’s free-to-join finance app and its range of cashback incentives at popular retailers.
Solicitors may be keeping millions in client interest. They hold client money for inheritance and other reasons, but some firms offer minimal interest (less than 1%) while earning higher rates themselves.
Nearly half of UK students plan to commute due to rising costs. The most affordable city is Stoke-on-Trent (£1,047/month), while London is the most expensive (£2,210/month). This article explores budgeting tips and compares university city living costs.
The government-backed Growth Guarantee Scheme aims to improve the terms of business loans on offer
If you need funding for your Scottish business we look at the type of business loans and financing available to you.
Compare different uni towns and cities with your home town and see the cost of living in each area.
Find out how to grow traffic to your small business website using an analytics tool. We’ve used Semrush as an example. Paid content.
Solicitors are pocketing millions in interest on their clients’ money. The watchdog has warned them to be fair. Here’s what you need to know.
Discover the Amazon Barclaycard: enjoy 0% interest on purchases, earn rewards and get Amazon gift vouchers. Is it the right card for you?
A survey from Finder revealed almost half (47%) of Britons are unaware of the tax-free benefits of Individual Savings Accounts (ISAs). This lack of knowledge is especially prevalent among younger generations, with 71% of Gen Z having no clue about ISA advantages.