Best Trading Apps in the UK 2024

With the increasing demand for trading apps in the UK, many traders are looking for the best options for managing their activities. The best element about trading with apps is that they make it easier for you to create a work-life balance. You can still focus on other personal activities while exploring the financial market on the go. But, how do you make a suitable choice among hundreds of options available?

Since conducting research can be overwhelming, especially for newbies. In this case, we decided to manage all procedures for you. Our tests and analysis were thorough, and we list below the best trading apps in the UK 2024 approved by our experts. Plus, this guide enlightens you on what mobile trading is, how to make the best choice, and more. 

List of the Best Trading Apps in the UK

• AvaTrade – Overall Best Trading app in the UK
• FxPro – Top Trading App For Forex Traders
• IG Markets – Best Trading App For Professional UK Traders
• eToro – Beginner-Friendly Trading App in the UK
• FP Markets – Top Stock Trading App in the UK
• Plus500* – Best CFD Trading App in the UK

UK Trading Apps: Comparison Table

Our research process for identifying and recommending the best trading apps UK took hours to complete. We started by collecting hundreds of apps, prioritising their regulatory status. We only considered those that were licensed and regulated by the Financial Conduct Authority (FCA). 

Besides conducting multiple tests, we compared the brokers we sampled based on various elements. These include fees, platform performance, demo accounts, support services, and more. We then combined our test results with the findings we gathered from user testimonials. 

Here is a table we share highlighting the main features we discovered on our top UK trading apps. We encourage you to compare them and make a suitable choice. 

Best Trading App UK	Licence	Support Service	Software	Payment	Demo Account	Money Insurance
AvaTrade	CBI, CySEC, ASIC, BVIFSC, FSA, SAFCSA, ADGM, ISA	24/5	MT4, MT5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, Capitalise.ai	Credit/debit cards, Wire transfer, Paypal, Skrill, NETELLER, WebMoney	Yes	Yes (up to $1,000,000)
FxPro	FCA, CySEC, FSCA, SCB	24/5	FxPro Mobile App, MT4, MT5, cTrader, FxPro WebTrader	Credit/debit cards, Bank wire transfers, Neteller, Skrill, PayPal	Yes	Yes (up to £85,000)
IG Markets	FCA, BaFin, MiFID, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, CFTC, BMA	24/5	Online platforms, Mobile apps, MT4, ProRealTime, L2 Dealer, US options and futures	Credit/debit cards, Bank wire transfers, Neteller, Skrill, PayPal	Yes	Yes (up to £85,000)
eToro	ASIC, CySEC, FCA, FSAS	24/5	eToro investing platform, Multi-asset platform, Copy Trader	Credit/debit cards, PayPal, Bank transfer, Neteller, Skrill, eToro Money, Online Banking	Yes	Yes (up to $250,000)
FP Markets	FCA, FSCA, ASIC, CMA, CySEC, FSA	24/7	MT4, MT5, TradingView, cTrader, WebTrader, Mobile App, Copy Trading	Credit/debit cards, Neteller, Skrill, Bank transfer, Google Pay, Apple Pay	Yes	Yes (up to $500,000)
Plus500* 82% of retail investor accounts lose money when trading CFDs with this provider.	FCA, CySEC, ASIC, MAS, FSA	24/7	Plus500 Webtrader	Bank Wire Transfer, Credit/debit cards, Paypal, Skrill	Yes	Yes (up to £85,000)

Apps Short Overview

When choosing the best trading app in the UK, it is crucial to prioritise your trading requirements. From our analysis, many traders will consider regulatory status, fees, and asset offerings. However, making comparisons can be a lengthy process. That is why we share the tables below showing brief overviews of the fee structures and assets offered by our top UK trading apps. 

Fees

Best Trading App UK	Fees	Minimum Deposit Requirement	Transaction	Inactivity
AvaTrade	0.09 pips	£100	Free	£50 quarterly
FxPro	From 0.0 pips	£100	Free	£10 one-off account maintenance fee after 6 months
IG Markets	From 0.6 points	£0	Free	None
eToro	From 2 pips	£100	£5 withdrawal	£10 monthly
FP Markets	From 0.0 pips	£100	Free	None
Plus500*	From 0.0 pips	£100	Free	£10 monthly

Assets

Best Trading App UK	Forex	Cryptos	Stocks	Commodities	ETFs	Options
AvaTrade	Yes	Yes	Yes	Yes	Yes	Yes
FxPro	Yes	Yes	Yes	Yes	No	No
IG Markets	Yes	Yes	Yes	Yes	Yes	Yes
eToro	Yes	Yes	Yes	Yes	Yes	No
FP Markets	Yes	Yes	Yes	Yes	Yes	Yes
Plus500* (CFDs)	Yes	Yes	Yes	Yes	Yes	Yes

Our Expert Opinion about Trading Apps in the UK

We find these tradings listed here the best for various reasons, which we will share in our mini reviews below. We hope you also find them intriguing and choose what’s best for you after making comparisons. 

1. AvaTrade – Overall Best Trading app in the UK

We had one of the most exciting experiences trading at AvaTrade. No wonder the majority of users on Google Play and the App Store highly rate it. It has a user-friendly platform with a modern design. The app is also customisable, which allows you to trade long-term even as you continue advancing your skills. Plus, we discovered robust security measures, including face and touch IDs, passcodes, and more. 

When it comes to asset offerings, AvaTrade’s app gives you access to more than 1250 options. These include forex, shares, commodities, indices, cryptos, and more, all of which you get to trade as CFDs. We also like its low trading charges and the ability to support social and copy trading. For those looking for advanced resources, this app partners with third-party platforms like the MT4 and MT5 to ensure you get everything you need. 

2. FxPro – Top Trading App For Forex Traders

FxPro is a suitable trading app for UK forex traders, thanks to its support for quality resources for forex trading. Besides listing more than 70 currency pairs, we like its ultra-low forex fees, which start from 0.0 pips on major currency pairs. Moreover, this app hosts third-party platforms, including cTrader, MT4, and MT5, known to host advanced resources. We also recommend FxPro for forex trading due to its micro lot trading services, thus offering an opportunity to low-budget traders.

Besides forex, FxPro is home to over 2100 securities, including shares, indices, futures, energy, and more. Moreover, it has a low minimum deposit requirement of £100, and you get to transact without incurring any additional cost. With a fast trade execution speed and plenty of learning materials, any trader can try FxPro. The best part is that it has a demo account for testing it before making a commitment. 

3. IG Markets – Best Trading App For Professional UK Traders

From our tests and comparisons, we primarily recommend IG Markets to professional clients. Its fast trade execution speed makes it easier for professional clients to manage multiple trades within a day. Moreover, we like that it has incorporated share and ETF investment in its portfolio. This allows you to alternate between CFD trading and long-term investing anytime you see fit within a single platform. IG Markets also hosts US-listed options and futures, which you get to trade with commissions starting from £1 per contract. 

Overall, we discovered over 17,000 instruments to trade and invest in. CFD trading and spread betting are supported, which attracts all types of traders. And when it comes to the availability of market analysis tools, there is a vast selection that will leave you spoilt for choice. These resources are offered on its Web, ProRealTime, L-2 Dealer, and MT4 platforms. On top of that, you can rely on IG Markets’ 24/7 support service, which has proven efficient and reliable in managing users’ concerns. 

4. eToro – Beginner-Friendly Trading App in the UK

eToro is an excellent choice for beginners not only because of its user-friendly interface but also plenty of learning materials on its eToro Academy platform. We discovered many articles, guides, recorded videos, webinars, and more. Plus, the app has a £100,000 virtually funded demo account, which will help any new trader become familiar with the UK’s financial market free of charge. It is also among the most highly rated apps by users.

Note that eToro has an award-winning CopyTrader platform supporting social and copy trading. Through this platform, newbies will mingle with other traders and discover new trading tips and ideas. They are also free to follow the professional ones so they will mirror their potentially profitable positions. When it comes to asset offerings, over 6,000 options are available. You can engage in both long-term and short-term trading and investing at eToro with as little as £100.

5. FP Markets – Top Stock Trading App in the UK

We had an amazing experience trading stocks at FP Markets’s app. Although stock trading is only supported as CFDs, there are numerous market analysis tools for strategy development. The app is also one of the most easy to use and has a fast trade execution speed. We efficiently participated in day trading without experiencing any technical glitches. The third-party platforms on which we traded stocks include MT5, MT4, cTrader, and TradingView.

There are more than 10,000 stocks on global exchanges listed at FP Markets. While there are multiple trading accounts, share trading at its Iress was amazing. Leverage limits go up to 20:1 for retailers and 500:1 for professional traders. Additional assets are also at your disposal for portfolio diversification. These include forex, indices, commodities, ETFs, and more. 

6. Plus500 – Best CFD Trading App in the UK

CFD trading has been made easy with Plus500. From our analysis, Plus500 is among the most highly rated by users. Plus, it supports over 2,000 CFD assets across multiple classes, including shares, forex, commodities, indices, ETFs, and more. All these are available to trade commission-free with spreads starting from 0.0 pips. We also like that Plus500 supports free transactions across multiple payment methods like credit/debit cards, e-wallets, and bank transfers. 

We started trading at Plus500 app with a minimum deposit of £100. We consider this low compared to other apps with higher requirements. Note that Plus500 has the interest of beginner traders at heart. Besides hosting quality learning materials, there is a virtually funded demo account to get started with. For advanced traders, there is a “Professional Trading” platform with advanced unique resources. These include higher leverage limits up to 1:300. 

Mobile Trading in the UK

Mobile trading in the UK has transformed the way traders manage their positions. Gone are the days when traders used to be glued to their desktop screens the whole day or find physical locations to trade. With mobile trading, it’s now easier for you to access the financial market anytime using your tablet or smartphone. Plus, mobile trading allows you to access market analysis resources, receive alerts and notifications, and more. 

There are many trading apps in the UK, thanks to the high demand and advancing technology. Every broker wants to stand out, thus creating apps with cutting-edge technologies for iOS and Android mobile devices. Mobile trading works just like desktop trading, and all you have to do is make a suitable choice for your requirements.

The financial market in the UK is overseen by the FCA. This means that every broker offering mobile trading must be licensed and regulated by this authority. Having an FCA-regulated app secures your funds, thus keeping you away from fraudsters and scammers. The FCA strives to maintain the integrity of the UK’s financial market and ensure all traders enjoy favourable trading conditions and environment. 

Like any other business venture, mobile trading in the UK is subject to tax deductions. This means that any profits you earn from the activity must be taxed and reported to the HMRC. Plus, trading using a mobile device doesn’t guarantee profits. You must conduct extensive market research and be familiar with the asset you are trading for an increased potential. It is also advisable to alternate between desktop and mobile trading, considering the wider screens desktop devices have. 

Mobile Trading vs Desktop

There is no huge difference between mobile and desktop trading. This is because they both require an internet connection to give you access to the financial space. Plus, the best desktop and mobile trading platforms offer quality resources for skills and strategy development. The only difference is their screen size, which desktop devices shine on. Mobile trading also allows you to manage your positions while on the move. 

Many UK traders prefer alternating between mobile and desktop trading. You can consider desktop trading if you are not always mobile, and spend most of your time at home or the office. It is perfect for long-term investments, as this venture doesn’t require frequent monitoring. 

However, mobile trading is for those who are always on the move, as it offers more flexibility than its desktop counterpart. You can use mobile trading for strategies like day trading or scalping, as they require constant monitoring and should be closed within a day. 

Overall, both desktop and mobile trading have their benefits. Regardless of your preference, be knowledgeable about an asset you plan to trade and conduct extensive research for solid strategies. Most importantly, apply risk management controls, especially on volatile assets whose price constantly changes. 

How to Choose the Best Trading App UK

Trading with the best app in the UK exposes you to diverse opportunities. Not only are you guaranteed a secure platform but also quality resources. Simply put, the best trading app will maximise your potential and experience. To identify the best app, various elements must be looked into, including the following: 

Mobile Trading Risks

Like desktop, mobile trading is risky, and you must approach the venture strategically. But before you do, understand these risks so you can make the best decisions that will maximise your profitability. Some of the mobile trading risks include: 

1. Security risks

Trading using mobile devices exposes you to cyber attacks. If you do not trade with a highly encrypted app, your personal details may fall into the hands of hackers. Moreover, technical glitches and unstable internet may affect your open position. This may lead to you incurring losses in the long run. 

2. Cash management risks

Mobile trading exposes you to the financial market 24/7. Therefore, if you do not have a cash management plan, you may find yourself spending more than you had planned for. Emotions like fear, excitement, greed, and more, may cloud your decisions. It is essential to have a plan and stick to it while trading. 

3. Liquidity risks

In the financial market, many assets are highly liquid while others aren’t. Trading illiquid assets can sometimes put you at risk of losing money. This is especially if you want to sell the asset but do not have any market at your disposal. Liquid assets are also risky, as their prices may drastically fluctuate, thus confusing you with the right decisions to make. 

4. Leverage risks

Mobile trading comes with leverage, which is like a double-edged sword. Leverage trading allows you to manage larger positions with a small capital. It can magnify your gains as well as amplify your losses. With this risk, you must conduct market research for solid strategies. Most importantly, understand everything about leverage and only risk amounts you are comfortable losing. 

5. Volatility risks

The financial market is volatile, and assets’ value frequently fluctuates. This makes it challenging for mobile traders to analyse prices and identify the best entry and exit points. Being familiar with an asset and tracking its performance will help you increase your chances of managing profitable trades in this landscape. 

Pros & Cons of Mobile Trading

Mobile trading has encouraged many UK traders to join the online trading bandwagon. It has numerous benefits and a few pitfalls to note. These include: 

Pros	Cons
Ability to trade from anywhere using a smartphone or tablet.	Smaller screens and low processing power compared to desktop devices.
It offers streamlined transactions, as orders can be executed quickly and effortlessly.	Mobile trading confines traders to a single screen, unlike desktop, which allows users to manage multiple screens.
Access to live data 24/7, enabling you to make the best decisions.
You can track your activities anytime, making it easier for you to benefit from frequent but short-term opportunities.
Instant trade execution with a few taps on your screen.

Conclusion

Mobile trading in the UK has been one of the best additions in the financial landscape. However, regardless of the top-notch resources and tools introduced, there is no profit guarantee. You still need to conduct extensive market research and develop solid strategies before. For beginners, get started on your app provider’s demo account and risk only funds you are comfortable losing. Risk management controls like stop-loss, and take-profit orders will also help mitigate losses. This is if a trade fails to work out in your favour. Overall, our top trading apps UK have excellent resources and services. Choosing from the list guarantees maximum security and an exciting experience.