We do not provide investment advice and individual investors should make their own decisions or seek independent advice before proceeding! The value of investments can go up as well as down and you may receive back less than your original investment!
The key to investing is to diversify your risk which is quite difficult if you’re being charged £5-£10 per trade from traditional investment websites/app and if you only have a fairly small amount of money to invest in the first place. These apps will help you get more for your money whilst ensuring you’re equally protected just like the big boy investment websites/apps. There are a few things you need to know about them but overall you should save quite a chunk compared with other providers.
FreeTrade
The clue is in the name, it allows you to freely buy and sell stocks and shares without any commission or fees! There are a few limits but it’s a worth contenter for our top app recommendation of the year. Of course, your money is at risk with all investments so only ever invest money you’re willing to lose.
ISA available? Yes
Is there a monthly/annual fee? No
Are they FCA registered and are investments covered by the FSCS? Yes, https://blog.freetrade.io/keeping-client-money-safe-ca3659da8673
Restriction on when the shares will be purchased? Yes normally once per day at 4pm
Ability to speed up the ordering? Yes, £1 fee to order immediately. A full list of prices can be found here.
Can I withdraw to a UK bank account? Yes, 2-5 days wait time. Although you can do same day for a £5 fee.
Download FreeTrade (ad) here + get a free share when you sign up
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Trading212
ISA available? Yes
Is there a monthly/annual fee? No
Can I withdraw to a UK bank account? Yes, 2-5 days wait time. However, you can do same day for a £5 fee.
Are they FCA registered and are investments covered by the FSCS? Yes https://www.trading212.com/en/Company-Overview
Restriction on when the shares will be purchased? Yes at some point in the next 24 hours after purchase/selling
Download Trading212 (ad) here or get a FREE share worth up to £100 when you join (limited spaces)
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Revolut
ISA available? No
Is there a monthly/annual fee? This varies
Can I withdraw to a UK bank account? Yes, 2-5 days wait time. However, you can do same day for a £5 fee.
Are they FCA registered and are investments covered by the FSCS? Yes
Restriction on when the shares will be purchased? Yes at some point in the next 24 hours after purchase/selling
Download Revolut (ad) here
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Disclaimer – We’re investors in Freetrade and do earn a commission (equal to your free shares) for both recommendations on this page but as always we wouldn’t recommend anything if it wasn’t great in the first place!