Choosing an investment app will depend on UK ETF investment platforms your needs, preferences and level of experience. The best apps will offer a diverse range of investment options, a straightforward interface and excellent customer support. They will also adhere to strict security standards and be regulated by the UK’s financial watchdog, the FCA. They should also be able to integrate with tax wrappers, including Individual Savings Accounts (ISAs) and Self-Invested Personal Pensions (SIPPs).

There are many good choices for investors in the UK. eToro is one of the most popular for beginners, with its well-designed app, copy trading feature and Smart Portfolios, which are made up of diversified investments based on predefined strategies or themes. It charges no commission on shares from around the world and ETFs, has a low-cost basic account, and absorbs stamp duty on UK stocks. It also offers a high-risk CFD trading service, which This is Money recommends individual investors avoid, and cryptocurrencies.

How to Invest in ETFs: A Guide for UK Investors

Another great option is Nutmeg, which offers a variety of investment portfolios and has an automated savings tool that rounds up purchases to the nearest pound and invests the difference. It has a low cost of PS1/month, with platform fees of 0.45% and fund costs between 0.12%-0.58%. It also offers a Lifetime ISA.

Investors should keep in mind that investing involves risk and the value of your investments can fall as well as rise. For this reason, first-time investors are encouraged to invest only what they can afford to lose. A useful budgeting tool, such as Koody’s 50/30/20 budget calculator, can help with this. It divides your net monthly income into three categories: Needs (50%), Wants (30%), and Savings & Investments (20%).