Invest app uk to make money by investing their spare change in the stock market. They can choose from a range of different investments such as stocks, ETFs, and property. Investment apps also offer the option to invest using regular direct debits. These are known as “robo” or “passive” investment services and typically cost less than trading fees.
All investment apps in the UK are regulated by the FCA (Financial Conduct Authority). This ensures that they are properly capitalised and treat their customers fairly. Moreover, they are required to have robust compliance systems in place. The FCA also protects investors’ funds up to a maximum of £50,000 through the Financial Services Compensation Scheme (FSCS).
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The best investment app for beginners in the UK is probably Freetrade. This is because it allows you to buy fractional shares, so you only need PS20 to start investing in Apple for example. The fees are pretty low too, with trading, depositing and withdrawals being commission-free.
Another good option for beginner investors is Wealthify. This is a robo advisor that offers five investment Plans based on your attitude to risk. These are Cautious, Tentative, Confident, and Adventurous. There are also ethical investment Plans, so you can invest in companies that share your values.