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Best UK Trading Apps

Being the United Kingdom, you want to know the best trading apps in the UK. Thankfully for you, this article will be running through 3 names that have some of the best apps available.

best trading apps

With them by your side, you’ll trade effortlessly. So, why not read ahead?

1. Plus500

Plus500 is a London stock exchange-listed CFD. It was created in 2008 in Israel. It’s known for its mobile app as it’s noticeably clean and effortless. You can utilize this ease to trade CFD and Forex on.

In terms of the platform, it’s regulated by many bodies. You can expect the Australian Securities and Investments Commission as well as the UK’S Financial Conduct Authority to monitor it.

Having large names assessing its every move makes it one of the safest platforms to trade CFDs on. The fact that it’s listed on the London Stock Exchange helps with this as well.

Let’s dive into some of its features.

Its Interface

Its web platform is extremely clean and you’ll find it very easy to use. This is translated to its mobile app as well.

In fact, many of the features on the web version are available here.

It comes with great charting tools to study data as well as a clear economic calendar. However, there isn’t a news feed.

There is also a notification system that we’re a fan of. It lets you monitor the price of an asset.

Can Anyone Make An Account?

Plus500 does not restrict a lot of countries. If you were to create an account, you’ll be able to do so as only 5 countries are barred.

If you’re wondering what these countries are, they are:

  • Canada
  • US
  • Iran
  • Syria
  • Cuba

Although it’s only 5 countries, a good chunk of the world’s traders come from North America.  And unfortunately, 3 of the 5 countries on this list are from the region.

How Easy Is It To Make An Account?

Plus500 is easy to make an account on. You can do so within a day which is refreshing.

Once you register for an account, you have to verify yourself to be allowed entry. Although you have to provide sensitive information, this practice is common for all online brokers.

You’ll have to add a copy of your passport or ID, as well as a utility bill (for your address).

Base Currencies

Base currencies are essentials for online brokers. With Plus500 by your side, you have a range of currencies to choose from.

That being said, there’s a problem with this. Plus500 hasn’t made it clear what type of currencies they offer. In fact, we don’t even know how many there are.

Are There Fees?

You’ll be happy to know there are no deposit fees when trading on Plus500.

This is the same for withdrawals as well. For the first 5 withdrawals, you make a month, nothing will be charged. Once the 5 are up, you’ll have to pay $10 every time you take cash out.

If you’re wondering, it requires a $100 minimum deposit.

2. Easymarkets

Easymarkets is an online broker that specializes in CFD and Forex trade. It was created in 2001 and initially went as easyMarkets.

Its headquarters are in the Marshall Islands. So, it has room to function as it wants as the Marshall Islands are very lax with online trading.

Although it’s primarily known for its web version, it has an impressive mobile app that users love.

If you’re wondering how regulated they are, cySEC and ASIC monitor their every move.

Its Interface

Its web platform is easy to use and clean as well. This is translated into its mobile app too.

When you use the online broker, you have access to charting data as well as a news feed. It provides an economic calendar and a blog section with trading strategies and tips.

The blog section encompasses its ‘education’ section as it teaches you as much about trading as possible and includes informative videos as well.

Is It Available Everywhere?

Easymarkets is available across the world. Unlike Plus500, it’s restricted in many more countries.

Are There Base Currencies?

Yes, there are 18 of them. Unfortunately, they haven’t made all these public knowledge.

How Do You Make An Account?

If you want to make an account for the platform, you’ll have to register.

Once you register, it’s not the end of the road. You’ll have to verify who you are which requires sensitive information. If you’re wondering what these are, they are your ID/Passport as well as a utility bill.

You can expect your account to be done within a day as well.

Are There Fees?

In terms of easymarkets, it does charge you a deposit fee. However, this is very common with online brokers so it’s not anything to be too impressed about.

In terms of withdrawal fees, nothing is charged. This is impressive as Plus500 made this free only for the first 5 withdrawals of the month.

If you’re wondering, it requires a minimum $100 deposit.

Its Interface

Its web platform is easy to use and clean as well. This is translated into its mobile app too.

When you use the online broker, you have access to charting data as well as a news feed. It provides an economic calendar and a blog section with trading strategies and tips.

The blog section encompasses its ‘education’ section as it teaches you as much about trading as possible and includes informative videos as well.

If you’re wondering, you need $100 to open a standard account.

3. Highlow

UPDATE: Highlow does not accept UK traders anymore. Try eToro instead.

Highlow is a trading platform that was created in Australia. It has its headquarters in Sydney. Because of this, they’re regulated by the Australian Securities and Investment Commission (ASIC). Although they’re monitored by only one body, you should know that ASIC is one of the strictest (if not the most strict) financial body in the world.

With them by your side, you can trade cryptocurrency.

Although their web version is good, their mobile version is one of the best on this list.

Its Platform

The online broker is easy to use, like its contenders above. This is seen in its mobile app as well.

In both versions, you will see charting tools and a research section for users.

Is It Available Anywhere?

The platform was accessible to people around the world. However, there were restrictions for a few countries.

As of July 2019, Highlow decided to change this. If you live outside of Australia, you won’t be able to access the online broker as it’s only available to Australian nationals.

Its old users were allowed to stay but anyone new had to be Australian.

How Easy Is It To Open An Account?

To open an account, you’ll have to register. With this out of the way, you can only use their features if you verify yourself.

It’s not difficult to do this as all you need is proof of your identity and something to show as your address. Such a thing is common for online brokers.

When you first make an account, you’ll get $50 cashback. Isn’t that great?

Are There Fees?

When withdrawing cash, you’ll be charged 2% of whatever you took out. In terms of deposits, you won’t be charged anything.

That being said, you need $50 AUD to create a standard account.

If you want to withdraw anything, it takes up to a day to get processed.

Conclusion

As you can see, there are multiple pros and cons of working with all 3. That being said, their pros outweigh their cons, making them some of the best to use in Australia.