Investment platforms are digital spaces that allow you to invest in shares, funds and other assets like bonds. Many modern trading apps come with a host of tools and resources that can help you build your portfolio, including market insights, financial calculators and risk assessment. While investing used to be expensive, most of the best UK investment platforms are now commission-free.
Investment platform reviews UK an investment platform, it’s crucial to understand your needs and objectives. Your investment goals, risk tolerance and level of experience will determine the type of investments you should consider. Also, it’s important to evaluate the costs of using the platform, which can include trading fees and other account charges. Look for a platform that offers competitive prices and a comprehensive range of features.
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Hargreaves Lansdown is a popular choice for novice investors, as it provides a simple user interface and personalised assistance to ensure you make smart decisions. The platform also has a variety of ready-made curated portfolios, allowing you to efficiently diversify your investment portfolio. However, it’s worth noting that this platform is pricier than other competitors.
Other good options for beginners include Revolut, a mobile-only investment platform that doubles as a banking app. It offers a hassle-free investment journey and a wide range of financial products, including ISAs, while offering low fees. Moneybox is another great choice for new investors, with automated portfolios that are based on your age, risk appetite and investment objectives. Its fee structure includes a PS1 monthly fee and 0.45% platform fee, while investing in non-UK assets requires a currency conversion fee of up to 0.45% annually.