It is now possible to manage your investments on the go with an investment app, meaning you can keep an eye on your investments at any time, no matter where you are. Below we look at some of the best investing apps in the UK and the pros and cons of each. All of the apps are free to download but you will be charged additional fees if you choose to invest with the company. We go into more details on the fees below.
Nutmeg - good for fee-free investing for 12 months
- Minimum investment of £500 (£100 on a Junior ISA or Stocks and Shares Lifetime ISA)
- Choose between four investment styles, 'Socially Responsible', 'Fixed Allocation', 'Smart Alpha' or 'Fully Managed'
- Invest in a Stocks & Shares ISA, Stocks & Shares Lifetime ISA, Junior ISA, Pension, General Investment Account
- FCA registered and money is protected by FSCS
Nutmeg fees
- No set-up, trading, transaction or exit fees
- Account management fees range from 0.25%-0.75% depending on portfolio type
- Investment funds fees
For more information and a total breakdown of Nutmeg's fees (including an exclusive offer of no management fees for 12 months) read our Nutmeg review.
Wealthify* - good for competitive charges
- Invest from £1 (£50 for a Wealthify pension)
- Choose to be a Cautious, Tentative, Confident, Ambitious or Adventurous investor
- Set investment goals
- Invest in a Stocks & Shares ISA, Junior ISA, Pension, General Investment Account
- Withdraw money from ISA and GIA accounts with no penalty
- FCA registered and money is protected by FSCS
Wealthify fees
- Annual management fee of 0.60%
- Fund charges (an average of 0.16% for original plans and 0.70% for ethical plans)
For more information on Wealthify read our independent Wealthify Review.
Moneyfarm* - good for tailored investing (1 year of no management fees)
- Minimum £500 investment
- Investment advice on hand
- Fully-managed portfolios
- Receive an investor profile tailored to you based on your investment knowledge, wealth and attitude to risk
- Invest with a Pension, Stocks & Shares ISA, Junior ISA and General Investment Account
- Offers a free pension drawdown service
Moneyfarm fees
- Management fee between 0.25% - 0.75%
- Fund fee 0.20%
- Transaction costs up to 0.10%
- No setup fees and no trading fees
For more information on Moneyfarm read our independent Moneyfarm Review.
Plum* - good for beginners
- Invest from £1
- Invest in tech, ethical companies and emerging markets
- Invest with an ISA, General Investment Account or Pension
- Choose between a list of funds with varying risk levels
- Plum is authorised and regulated by the FCA
Plum fees
- A monthly fee starting from £2.99 (depending on the Plum subscription plan you choose)
- 0.15% fee on investment value
- Fund fees that vary from 0.06% - 0.90%
For more information on Plum read our Plum Review.
Wombat - good for small investments
- Invest with just £10
- Tailor your investment portfolio based on your lifestyle and interests
- Your money is FSCS protected
- Invest your spare change
Wombat fees
- £1 a month subscription fee, no fee with Instant General Investment Account (GIA)
- Annual platform fee of 0.10%
- 0.65% FX fee on Instant GIA
- 0.75% FX fees on Standard ISA and GIA
- Fund provider fees (0.07% - 0.75%)
For more information visit the Wombat Invest website.
Dodl - good for active investors
- Invest from £100 or £25 per month
- Invest in a Stocks and Shares ISA, Pension, Lifetime ISA or General Investment account
- Invest in AJ Bell funds, Themed Investments and UK/US Shares
- Provided by AJ Bell, one of the UK's largest investment platforms
Dodl fees
- Platform fee of 0.15% of the value of your investments, paid monthly (Minimum £1 per month)
- Fund provider fees (0.06% - 0.55%)
- FX fees between 0.25% - 0.75%
For more information on Dodl read our Dodl Review.
Freetrade - good for a free share
- No fees for basic investing accounts
- Open an account via Money to the Masses and deposit £50 to get a free share worth between £10 - £100*
- Invest in a GIA, Stocks & Shares ISA or SIPP
- Authorised and regulated by the FCA
- FSCS protection
- Buy US, UK and European stocks and ETFs
Freetrade fees
- Free basic trades
- Free instant trades
- Stocks and Shares ISA £4.99 or £9.99 a month (changing to £5.99 and £11.99 a month from May 23)
- FX rate of spot (immediate) rate + 0.45%
- Freetrade Plus account option for £9.99 a month which gives access to a pension and pays 3% interest on cash held (up to a maximum of £4,000)
For more information on Freetrade read our Freetrade Review.
Trading 212 - good for free trading
- Free trading
- Large choice of assets
- Useful video guides
- Authorised and regulated by the FCA
- FSCS protection
- Buy US and UK stocks and ETFs
Trading 212 fees
- Free trades
- Free ISA
- Free deposits via bank transfer
- Free deposits via credit/debit card up until £2,000 (0.7% fee thereafter, free with CFD accounts)
- 0.50% currency conversion charge for Trading 212 CFD account
- 0.15% currency conversion charge for Trading 212 Invest and ISA account
For more information on Trading 212 read our Trading 212 Review.
eToro - good for copying other traders
- Invest from $10
- Invest in stocks and cryptocurrencies
- Replicate other traders with the CopyTrader feature
- Create 'dummy' trades in a practice account with the Virtual portfolio
- Free investment insurance
- FCA regulated
eToro fees
- Currency conversion fee
- $5 withdrawal charge
- $10 a month inactivity fee after 12 months
- Spread fees range from 0.09% - 4.9% depending on the investment type
For more information on eToro read our eToro Review.
Moneybox - good for investing your spare change
- Invest from £1
- Invest your spare change using the 'round-up' function
- Choose between 'cautious', 'balanced' and 'adventurous' risk levels
- Invest in simple tracker funds
- FCA registered and money is protected by FSCS
- Invest in a Stocks & Shares ISA, Stocks & Shares Lifetime ISA, Pension, General Investment Account, Junior ISA, Socially Responsible Fund
- Save in a Simple Saver, 32, 45 day, 95 day or 120 day Notice Account, Cash Lifetime ISA
Moneybox fees
- A monthly fee of £1 if investing
- Annual charge of 0.45% of investment value
- Additional fund management charges 0.12% - 0.58%
- 0.45% currency conversion fee
- No fees to save with Moneybox
For more information on Moneybox read our Moneybox Review.
These are just a few of the investing apps available on the market at the moment. If you do not like the look of any of the above investment apps, other investment platforms such as AJ Bell, Evestor, Interactive Investor, Hargreaves Lansdown, Vanguard and many others also offer apps for investors to use.
For more information on the best investment platforms and their fees, see our Best Buy Tables.
If a link has an * beside it this means that it is an affiliated link. If you go via the link, Money to the Masses may receive a small fee which helps keep Money to the Masses free to use. The following link can be used if you do not wish to help Money to the Masses or take advantage of any exclusive offers - Wealthify, Moneyfarm, Plum, Freetrade
