Trading 212 offers commission-free share trades, a huge range of assets and a virtual trading account for risk-free practice. It is regulated by multiple financial authorities, including the FCA and CySEC. It also adheres to anti-money laundering regulations. It also has a range of educational resources. More info theinvestorscentre.co.uk
Best App for Investing UK: User-Friendly & Low-Fee Options
eToro has become one of the most popular social trading platforms due to its easy-to-use interface and comprehensive education resources. It also offers a range of ready-made portfolios to help passive investors and beginner traders get started. It has a unique feature called CopyTrader, which allows users to automatically copy the trades of other successful traders on the platform. This is a great way to learn how to trade, although it’s important to develop your own strategy as well.
Additionally, eToro has a large range of commodities and currencies available to trade, as well as a wide selection of ETFs and cryptocurrencies. It also offers CFD trading, which is a type of derivative that allows you to speculate on price movements without owning the underlying asset. eToro also has a range of educational resources through its eToro Academy, which is an excellent resource for beginners.
However, there are some downsides to using eToro. For one, its customer support is not particularly fast or helpful. Its website also does not list its telephone numbers, and I found it difficult to get a hold of a representative on the weekend. Furthermore, it charges a fee for withdrawals and inactivity, which can add up over time.