10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (2024)

Reading about top investment platforms in the UK is one thing. It’s another to understand how and why you should subscribe to one or another.

What is an Investment Platform? 10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (1)

10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (2)

Put simply, an investment platform is a kind of online market trading platform that, as opposed to a regular online trading platform, will let you purchase various investment instruments (such as funds, bonds, shares, and so on) and place them inside a tax-free Stocks and Shares ISA or individual savings account.

They may also allow you to place your trades inside an SIPP or self-invested personal pension.

Investors typically use investment platforms in order to build up enough of a financial nest egg to retire or to save up for other big expenses such as college for their children.

As such, investment platforms (or trading platforms that can double as investment platforms) will often have different features or attributes compared to short-term trading services.

Investment Trading

With investment trading, you’ll buy and hold certain stocks for months or years, allowing your portfolio to gradually increase in value over time. Then you’ll sell the stocks or other financial instruments at a date that works for your financial savings goals.

The best investment platforms are meant for long-term financial gain and stable trading. Regular brokers or trading platforms are better suited for short-term gains and trading.

What’s a Stock? What about other Market Assets or Instruments? 10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (3)

A stock is just a share or unit of ownership in a company. When you buy a stock, you buy a single piece of ownership in a given company. By owning a stock, you get a very small fraction of a corporation’s assets or profits.

Stock exchanges allow you to buy and sell stocks.

In addition to regular stocks, there are other financial instruments you can invest in.

These include:

  • 10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (4) ETFs or Exchange-Traded Funds
  • 10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (5) Mutual Funds
  • 10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (6) CFDs or Contract for Difference
  • 10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (7) Options, which are specialized instruments that guarantee the right to buy or sell a stock at a particular price at a certain time.

Many of the best investment platforms will allow you to purchase multiple types of market assets and instruments. A diverse portfolio typically leads to better long-term investment gains since you’re less susceptible to market risk or declines.

How to Invest in Stocks Using an Investment Platform 10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (8)

Investment platforms are pretty similar to stock trading platforms in terms of their mechanics. Learn more about them in our online stock trading guide for beginners.

10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (9)

First, sign up for an investment platform by providing some personal information and funding the account. Because investment platforms are designed for long-term investment gains, they usually have a minimum investment amount. This is often between £100 and £1000 depending on the service.

How Do You Know Where to Invest Money? 10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (10)

10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (11)

Don’t have the experience necessary to master long-term investing? No worries.

Most great investment platforms in the UK will also come with educational resources.

These include tutorials and advice on how to analyze different stock information. These resources will help you to make better decisions as you build your investment portfolio.

Certain platforms may even let you copy the trades or investment strategies of other investors on the same platform, meaning you can tag along with experienced investors and make a consistent profit without having to do a ton of research.

But yYou might also want to do your own research using the tools available with your chosen investment platform as you become more experienced.

Research means looking at aspects of a stock like:

  • 10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (12) How well the company is doing.
  • 10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (13) Its current dividends (i.e. shareholder profits).
  • 10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (14) Projections for how the company will do over the next few years.

All of this information can help you predict whether a given investment will be a good choice in the long run. It takes time to master, but it’s well worth it in the end.

How Much Do Investment Platforms Cost? 10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (15)

It depends. As opposed to regular trading platforms, many investment platforms come with additional fees.

Typical charges include:

  • 10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (16) Annual ongoing charges, to pay for the platform’s upkeep.
  • 10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (17) Buying or selling fees, incurred when you execute various transactions.
  • 10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (18) Inactivity fees, which can kick in if you don’t use your account for a certain amount of time.

In many cases, these charges will come out of your investments’ returns. That’s why it’s important to compare the costs of different investment platforms and make sure you pick the one that works best for your budget.

How to Choose the Right Investment Platform 10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (19)

Speaking of picking the right investment platform, let’s take a look at how you can choose the platform that’s best for your needs.

Fees 10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (20)

Be sure to compare the different fees and charges that various platforms might charge. Some of these fees might be hidden.

For instance, eToro is a great choice in terms of cost overall. While it does charge withdrawal fees, it doesn’t charge any commission fees (i.e. fees on any trades you make). eToro is one of the most affordable investment and trading platforms available to UK residents.

Minimum Amounts 10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (21)

Most investment platforms will require you to always keep a minimum amount of cash in your account. Check this factor before signing up for an investment platform.

Research 10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (22)

10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (23)

Even with the best online trading platforms for beginners you’ll need good educational and research resources.

The best online investment platforms will have excellent research tools and tabs for you to check out: the more research tabs a platform has, the easier it'll be to make smart investment decisions. It is, however, a good idea to check where a given platform gets its research information.

User Interface 10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (24)

Platforms with smooth, streamlined user interface designs are better than those with clunky interfaces (who likes a hard-to-use app? Not us!). The easier you find a platform, the more enjoyable your experience will be, and the faster you'll learn.

Is There a “Demo” Account? 10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (25)

Lastly, it's a good idea to see if a given platform has a demo account. Demo accounts allow you to set up an account and tour the platform in question without having to put down any money. You'll instead be given some fake digital currency to make trades and see how your investments pan out.

Demo accounts are great ways to try out an investment platform before you commit fully.

As an experienced financial expert with a deep understanding of investment platforms and online trading, I can provide valuable insights into the concepts discussed in the article about top investment platforms in the UK.

Investment Platforms: An investment platform, as described in the article, is an online market trading platform that allows users to purchase various investment instruments, including funds, bonds, and shares. These platforms also facilitate tax-efficient investment options such as Stocks and Shares ISAs and self-invested personal pensions (SIPPs). Investors commonly use these platforms to build long-term financial portfolios for retirement or other major expenses.

Investment Trading: The article distinguishes investment trading from short-term trading, emphasizing that the best investment platforms are designed for long-term financial gains and stable trading. Investment trading involves buying and holding stocks or financial instruments for extended periods, allowing the portfolio to increase in value over time.

Stocks and Market Assets: A stock represents ownership in a company, and stock exchanges enable the buying and selling of stocks. In addition to stocks, the article mentions other market assets or instruments, including Exchange-Traded Funds (ETFs), Mutual Funds, Contract for Difference (CFDs), and Options. These instruments contribute to a diversified portfolio, reducing susceptibility to market risks.

How to Invest Using an Investment Platform: The article outlines the steps to invest in stocks using an investment platform. Users are advised to sign up, provide personal information, and fund the account. Minimum investment amounts are common, and the platforms are tailored for long-term investment gains.

Research in Investment: To make informed investment decisions, the article suggests conducting research on various aspects of a stock, such as the company's performance, current dividends, and future projections. Investment platforms often provide educational resources, tutorials, and tools to help users analyze stock information. Some platforms even allow users to copy the trades or strategies of experienced investors.

Costs Associated with Investment Platforms: Unlike regular trading platforms, investment platforms may have additional fees, including annual ongoing charges, buying or selling fees, and inactivity fees. It is essential to compare the costs of different platforms to choose the one that aligns with your budget and financial goals.

Choosing the Right Investment Platform: The article advises users to consider factors such as fees, minimum investment amounts, research capabilities, user interface design, and the availability of a demo account when selecting an investment platform. eToro is highlighted as an example, being cost-effective due to its lack of commission fees.

In summary, the article provides a comprehensive guide for individuals looking to understand the concepts behind investment platforms, the associated instruments, and the key considerations in choosing the right platform for long-term financial success.

10 "Best" Investment Platforms UK: 2024 (+ Pros & Cons) (2024)


What is the best investment platform in UK? ›

Interactive Investor (ii) is our top pick for the best investment platform in the U.K. for beginners. Interactive Investor offers every asset a new investor is likely to need, has extensive educational material and is very competitive on price too.

What is the safest investment with the highest return UK? ›

Some of the low-risk investment options UK investors can invest in include:
  • Bonds – corporate and government.
  • Gold.
  • High-interest current accounts.
  • Real estate.
Mar 1, 2024

Can I invest in UK if I live abroad? ›

Yes. But you'll need a UK bank or building society account (or an NS&I Investment Account) that can receive BACS transfers. The interest is paid without the deduction of tax. However, the interest is subject to UK Income Tax so if you're liable for UK Income Tax it will count towards your Personal Savings Allowance.

What is the absolute best investment right now? ›

11 best investments right now
  • High-yield savings accounts.
  • Certificates of deposit (CDs)
  • Bonds.
  • Money market funds.
  • Mutual funds.
  • Index Funds.
  • Exchange-traded funds.
  • Stocks.
Mar 19, 2024

What is the safest trading platform UK? ›

Demo accounts are a great way to get some practice in and familiarise yourself with the process.
  • eToro: Best For Beginners. ...
  • AvaTrade: Best For Risk Management. ...
  • Plus500: Best For its Easy-to-Use App. ...
  • Pepperstone: Best For Technical Analysis. ...
  • Freetrade: Best For Simple Pricing Structures.
Apr 11, 2024

What are the safest investments in the UK? ›

Fixed-rate bonds and corporate bonds are great options if you're looking for a low-risk investment that offers stability and predictable returns. These bonds are issued by governments or corporations and pay a fixed interest rate over a specified term.

What should I invest in 2024 UK? ›

Even in a recession, investors have options to help insulate their portfolios. Diversifying across a range of assets such as equities, bonds, property and cash, as well as different equity sectors, helps to smooth out returns if a particular asset class or sector underperforms.

Where is the safest place to put your money during a recession UK? ›

During a recession, investing in real estate, stocks of consumer staples, utilities, money market funds, and healthcare companies is wise. These sectors offer goods and services always in demand, regardless of economic downturns, making them more resilient investment choices in challenging times.

Where should I put 20k in savings in UK? ›

Where to invest £20,000
  • A Stocks and Shares ISA. Money invested in an ISA is sheltered from tax while it grows and there will be no tax to pay when you withdraw money either. ...
  • A Self Invested Personal Pension. Investing in a pension means your money is sheltered from tax while it grows. ...
  • A Trading Account.

Can a US citizen invest in the UK? ›

The main things you can invest in are direct securities like stocks and shares, and US domiciled funds that have received HMRC reporting rights. This can be a complex area, so it's worth seeking out a professional who can make sure you're keeping both HMRC and the IRS happy.

Do UK residents pay tax on US stocks? ›

AS a UK investor living in the UK the only tax ( if any ) is capital gains tax. Which would be noted on your UK tax return, there is nothing for you to do with US tax authorities. Also any dividends you receive would go onto your tax return.

Is it illegal to have a UK bank account if I live abroad? ›

Keep your existing bank account

So, the answer to the question, “can I keep my UK bank account if I move abroad?”, is yes. Keeping your UK bank account open after moving overseas is the first option and there are a couple of reasons why you might choose to do this.

What is the best thing to invest in right now UK? ›

Investing In Stocks And Shares. Of all the long-term investments that are available, stocks and shares are typically the best-known option for would-be investors. Plenty of investors, especially those with time on their hands and who are able to research the market, aim to make money from individual stocks and shares.

Where can I get 10 percent return on investment? ›

Investments That Can Potentially Return 10% or More
  • Stocks.
  • Real Estate.
  • Private Credit.
  • Junk Bonds.
  • Index Funds.
  • Buying a Business.
  • High-End Art or Other Collectables.
Sep 17, 2023

What is the safest investment with the highest return? ›

Here are the best low-risk investments in April 2024:
  • High-yield savings accounts.
  • Money market funds.
  • Short-term certificates of deposit.
  • Series I savings bonds.
  • Treasury bills, notes, bonds and TIPS.
  • Corporate bonds.
  • Dividend-paying stocks.
  • Preferred stocks.
Apr 1, 2024

What to invest $1,000 in right now UK? ›

The options for investing £1,000 include:
  • Stocks and Shares.
  • Bonds.
  • Mutual Funds.
  • Exchange Traded Funds (ETFs)
  • Peer-to-peer lending.
  • Pensions.
  • Robo investment platforms.
Mar 1, 2024

How to invest $100,000 in the UK? ›

When it comes to the types of assets to invest in, the best way to invest 100k includes:
  1. Cash. People often consider cash one of the safest ways to build up savings, as they aren't exposed to the ups and downs of the financial markets. ...
  2. Stocks. ...
  3. Property. ...
  4. Bonds. ...
  5. SIPPS. ...
  6. Other investment accounts. ...
  7. Annuities.
Feb 25, 2024

Where is the best ROI in the UK? ›

The top three UK cities with the best ROI (using rental yield as a measure) include Edinburgh (9.89%), Birmingham (6.81%), and London (6.57%).

Does Robinhood work in UK? ›

Robinhood has made its way to the UK. Now you can invest without commission or FX fees 24 hours a day, 5 days a week. Other costs apply. Capital at risk.


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