Investment apps uk can be a great way to build your wealth, but it’s important to do so wisely. The best investment apps uk allow you to start investing with as little as PS25 per month, although we recommend setting aside 20% of your net income for savings and investments (as recommended by the 50/30/20 budget calculator by Koody).
A number of these apps use Open Banking to analyse your spending habits and then estimate how much you can afford to save each month. Others work by rounding up your purchases and automatically investing the change, while some use direct debits to move a set amount into your investment account on a regular basis.
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Many of these apps offer a range of investment options, from ISAs to pensions. They also provide a slick user experience and are regulated by the FCA. IG Investments, for example, offers low fees and an extensive selection of shares, ETFs and investment trusts. The app’s slick interface and strong educational and customer support make it popular with a variety of investors, from beginners to those with more experience.
InvestEngine is another highly-rated app, particularly for beginners. It offers zero-commission trading, a diverse range of shares and ETFs and the ability to buy fractional shares. Its slick interface and robust mobile platform make it easy to navigate, while advanced technical charting and stock filters are also available. The app is regulated by the FCA and protected by the FSCS.