The Best Investment Platforms UK allow you to hold your collection of investments, shares, bonds and investment funds online all in one place. This saves time and reduces paperwork and charges. They can also offer a range of tools and resources to support you. There are different types of investing platforms, including DIY (Do-It-Yourself) and robo advisors.
Robo advisors provide a personalised and automated investment service, usually with low fees. They use algorithms to create and manage a portfolio of low-cost exchange-traded funds (ETFs). Some of the top robo advisors in the UK include Open Money, AJ Bell Youinvest, eToro and Moneyfarm. They also offer a range of ethical investments or instruments with Environmental, Social and Governance (ESG) considerations for those who want to invest in line with their values.
Best Investment Platforms in the UK: Where to Grow Your Wealth
DIY investment platforms, often called fund supermarkets, let you choose from a wide selection of UK and international shares, funds and investment trusts. They can help you build your own portfolio or provide ready-made solutions for beginners, based on your attitude to risk and personal preferences. Some platforms, such as Hargreaves Lansdown and AJ Bell Youinvest, charge both a platform charge and a separate fund management fee on top. Others, such as XTB and Interactive Investor, are free-to-use, but may not have the widest choice of shares or investment funds.
Trading platforms are designed for active investors keen to trade shares, equities, bonds, and currencies. They can offer a range of features and services, such as real-time market data and execution tools. Some of the UK’s most popular trading platforms include IG and eToro.