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BusinessGetting the right UK trading app

Getting the right UK trading app

 

 

Thanks to the rise of technology, anyone can get into trading. You don’t need a formal education to do this, as there are an abundance of apps to choose from. But there are all kinds of apps and some are better than others. Before choosing one, you should be aware of your level of knowledge. If you are new to it, it is a good idea to go for apps that focus on newbie traders. On the other hand, if you are a pro, you can go for a more advanced app.

On top of that, you will need to know the different features that each app has to offer. So you will need to see what tools are on offer and the level of knowledge that applications need from you to be able to work with them. Also, don’t forget about user experience as it plays a crucial role in choosing the right trading app. Fees also play a big role when it comes to getting the right UK application. So if you are looking for an app and don’t know where to start, here are some suggestions:

Capital.com

If you are interested in CFD trading on the go, Capital.com is one app you should consider. Besides, it is an ideal app for beginners and comes with a user-friendly interface. It also offers up to 3,000 shares and comes with a 0% commission on all asset classes. It is regulated by the FCA and allows you to start trading with a small minimum deposit of £ 20. On top of that, there is no limit to the time you spend trading as the app and its actions are available 24/7.

Avatrade

If you are looking for the best trading app for beginners in UK then you will meet Avatrade. This is the kind of app you can go for if you’re looking to slow things down. It has low spreads and a nice selection of CFDs to trade with. Thus, you will be able to trade with currencies, cryptocurrencies, commodities and stocks. It also comes with a 0% commission which comes in handy if you are looking to make a profit. You can use bank transfers as well as credit and debit cards to fund your account and if you like electronic crypto-wallets they are accepted as well.

eToro

Perhaps this is an app that you have heard about from the many ads online. This app has a lot of features which is why it has more than 13 million customers all over the world. You might think that this is an app more suited to advanced traders, but it really isn’t. So if you are new to stock trading then you can go for eToro because it has you covered.

As for the trading commission, you will not receive any. There is, however, a small conversion fee of 0.5% that you must cover. In addition, you can buy over 1,700 stocks on the UK and international markets. Besides stocks, you can also trade gold, silver, natural gas, oil, etc. To top it off, eToro has a user-friendly interface that will make trading easier.

Business 212

Another great mobile trading app is Trading 212. As such, it offers over 4,000 stocks to trade with. You will not receive any commission when trading which is a big plus for this app. There is no minimum amount you can deposit, and you can deposit money into your account through multiple payment methods, including e-wallets. Overall, this is an app worth considering.

Conclusion

These are just a few of the best UK trading apps that you should consider. But once you’ve chosen an app, don’t stop learning about stock trading. It is one of the things that every newbie in the trade needs thrive in this environment. Once you get the hang of it, you can experiment with different strategies and test your skills further.


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