Best Investment Apps For Beginners
The best apps for beginners uk will let you invest as little as PS1 (depending on the app). You should always remember that investing your money is a risk and can go down as well as up. This is why it’s important to research and choose an authorised, FCA registered provider.
You can invest in a day trading app range of shares, funds, ETFs, and ETCs, as well as crypto assets on most apps. eToro stands out as one of the best investment apps for beginners thanks to its low minimum deposit and ready-made portfolios. It’s also one of the few to offer crypto trading, which can be an excellent way to diversify your portfolio.
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Other beginner-friendly apps include Moneybox, which offers a choice of three ready-made portfolios to suit your level of investment savvy, attitude to risk, and financial goals. You can also use the app to build your own portfolio from the tracker funds, ETFs, and US stocks on offer.
Another great option is automatic investing, which allows you to link your finance app to your bank account and then automatically invest your odds and ends on a regular basis. You can set up a regular amount via direct debit or even a round up on your spending to invest the spare change. This is a fantastic way to get started as it’s easy, convenient, and helps with pound cost averaging which reduces your risk by smoothing out the ups and downs of the stock market.