What are the best trading apps in the UK market?
It is not particularly easy to answer this question. First, the stock market for trading apps in the UK is in its infancy, so there are big earning possibilities but you need to know where to look and how to do it.
There are many parameters that push towards an app and towards another, in particular when the user is comfortable with the application itself (therefore its interface), how much money can be withdrawn and if there are percentages withheld from it, last but not least, security in all money transactions made by the user and which payment methods are supported. We therefore recommend that you read through, because here we will analyze the best online trading applications in the UK market.
Definition of a trading app
We can define a trading app as a software, or a set of softwares, all based on mathematical formulas that are adapted over time by those who created them to show the user who uses them as many stocks as possible, to allow him/her to invest correctly. Therefore, each nation will have its own specific financial market, and there are few truly useful and safe applications in the UK. Through these applications, it will be possible to buy and sell stocks of all types, that is, to obtain money from a virtual value that has been arbitrarily assigned to a certain share by the market itself.
Top 5 trading apps in the UK market
As anticipated before, using any app in the UK market would result in a lower return on your stocks, the value of which also depends on the physical area of purchase. These are the best apps we have selected for online trading in the UK:
• Capital.com → of this we can say that for a few years in a row it has won several awards, it is absolutely not to be discarded.
• Plus500 → the app is officially checked continuously by several brokers, therefore it is safe, and we can also tell you that it is effective for online trading in the UK.
• Trading212 → if you operate from the UK, there will be no commission to spend on this app, it is certainly a strong point.
• eToro →based on our analysis this is the best application to use in the UK financial market as it offers a huge amount of stocks and does not impose any withheld price on its sales.
• IG → although this application is available on about 9000 markets, the UK one is the most profitable for this app.
You will certainly have understood this from the list just made, but we will explain to you why we believe eToro is the best application for online trading in the UK. First of all, you will have noticed its presence on the web, as it carries out massive advertising everywhere in the UK. But that’s not all advertising: the enormous satisfaction that permeates this application comes from the British investors themselves, extremely satisfied with the total absence of commissions and percentages withheld from their earnings. The only expense will in fact be a tiny 0.5% deduction on the currency conversion that is deposited in the account.
Undoubtedly you would like to know more, and it is great to be constantly informed about trading apps and news and in general in the financial market. If you want to deepen your culture here you can find the best trading apps in the UK market.
How does a trading app works?
We have already explained the concept previously, but let’s take eToro as an example, the best trading app analyzed here.
1 – Open an account
You must first go to Google and search for Francesco, you will immediately find its official website. At this point, register with a new account by entering the required data: email, some documents, a bank address.
2 – Download eToro
Do not leave the site, because you will have to download the application directly from here. They have taken these steps to avoid unofficial releases that could endanger user data. So make sure you have downloaded the application from the official eToro website.
3 – Log in
As soon as you have finished downloading the application, you will be ready to start trading. You will be asked for access data, they correspond to those with which you registered on the site: enter those.
4 – Make a deposit
It is slightly more advantageous to use eToro in UK, in fact here the minimum deposit required is about $ 200: once made, you can start an intense trading that will result in huge profits.
Are there risks in a trading app?
As we mentioned earlier, trading on such a volatile and apparently unpredictable market can lead to a loss of your capital, but fortunately this is a double-edged sword, because it also implies a huge possibility of multi-zero gains, which can certainly change better your life. This is even more likely if you use eToro as a trading application, since in UK it has proved to be the best in terms of user satisfaction and total profits of those who use it.
Final thoughts
Despite their slow spread, online trading applications are revolutionizing the lives of many people, and continuously shape the financial market. However, our advice is to always invest with caution, reinvesting only the profits you will get from your first deposit. In this way you could be sure not to lose your money, but rather you will add more and more to your bank account.