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- Leverage cutting-edge AI and machine learning for precise market analysis and trade execution.
- The best AI app for stock trading should have an intuitive design to cater to both seasoned investors and beginners for seamless navigation and trade execution.
- Besides stocks, it is crucial to find an app offering additional assets like forex, ETFs, commodities, and more, for diverse investment portfolios.
- Stock traders in the UK should apply robust risk management features such as stop-loss orders to mitigate market risks.
- The best AI stock trading app should offer real-time market analysis and alerts to aid informed decision-making.
- UK stock traders should choose an app implementing stringent security protocols and encryption to ensure user data protection.
Participating in stock trading through the best AI stock apps in the UK presents a fresh perspective on contemporary investment strategies. As technology becomes an integral part of the financial landscape, these apps redefine how investors navigate the world of stock trading. To ensure access to the most effective trading apps, we’ve carefully crafted this guide. It unveils our top picks based on thorough research involving multiple tests and comparisons. Additionally, we will highlight their unique features, share insights on how to use them effectively, discuss the criteria for selecting an ideal option, and more.
List of the Best AI Stock Trading Apps
- Pepperstone – Best CFD AI Stock Trading App
- FP Markets – Overall Best AI Stock Trading App in the UK
- eToro – Best AI Stock Trading App For Beginners
- XTB – Cheapest AI Stock Trading App in the UK
- Spreadex – Best AI Trading App With AIM Stocks
- Saxo – Best AI Stock Trading App For Professional Traders
- FxPro – Best AI Stock Trading App With Spread Betting Options
In This Guide
Compare the Best AI Apps for Stock Trading
Below, we’ve compiled an unbiased comparison table, aiming to assist you in navigating the best AI stock trading apps in the UK. Our goal is to empower you with insightful information, enabling you to make well-informed choices that align with your unique trading requirements.
| Best AI Stock Trading App | Licence | Support Service | Software | Payment | Demo Account |
|---|---|---|---|---|---|
| Pepperstone | FCA, ASIC, DFSA | 24/7 | MT4, MT5, cTrader, TradingView, Capitalise.ai, Social Trading | Credit cards, Bank transfer, PayPal, Neteller, Skrill, Union Pay | Yes |
| FP Markets | CySEC, ASIC, FCA | 24/7 | MT4, MT5, cTrader, Iress | Credit/debit cards, Bank transfer, PayPal, Neteller, Skrill, PayTrust FasaPay | Yes |
| eToro | ASIC, CySEC, FCA, FSAS | 24/5 | eToro investing platform, Multi-asset platform, Copy Trader | Credit/debit cards, PayPal, Bank transfer, Neteller, Skrill, eToro Money, Online Banking | Yes |
| XTB | FCA, KNF, CNMV | 24/5 | xStation 5, xStation Mobile | Credit/debit cards, Bank Transfer, Skril | Yes |
| Spreadex | FCA | 24/5 | IPHONE App, IPAD App, ANDROID App, TradingView | Bank Wire Transfer, Credit cards | No |
| Saxo | FSA, FCA, MAS, SEBI | 24/5 | SaxoTraderGO, SaxoTraderPRO | Bank Wire Transfer, Debit cards | Yes |
| FxPro | FCA, FMA, CySEC, FSCA, SCB | 24/5 | FxPro Mobile App, MT4, MT5, cTrader, FxPro WebTrader | Credit/debit cards, Bank wire transfers, Neteller, Skrill, PayPal | Yes |
Summary of Fees and Assets Offered by Our Recommended AI Stock Trading Apps
Before using an AI stock trading app in the UK, understanding the fees and the variety of assets offered is crucial. The tables below show the fee structures of our recommended AI-driven stock trading apps and the wide array of assets they provide. Feel free to compare them for informed decisions.
Fees
| Best AI Stock Trading App | Fees | Minimum Deposit Requirement | Transaction | Inactivity |
|---|---|---|---|---|
| Pepperstone | From 0.0 pips | £0 | Free | None |
| FP Markets | From 0.0 pips | £100 | Free | None |
| eToro | 2 pips | £50 | £5 withdrawal | £10 monthly |
| XTB | From 0.1 pips | £0 | Free | £10 monthly |
| Spreadex | From 0.6 pips | £0 | Free | None |
| Saxo | From £0.01 commission | £0 | Free | £100 monthly |
| FxPro | From 0.1 pips | £100 | Free | £15 one-off maintenance fee |
Assets
| Best AI Stock Trading App | Forex | Stocks | Commodities | ETFs | Options |
|---|---|---|---|---|---|
| Pepperstone | Yes | Yes | Yes | Yes | No |
| FP Markets | Yes | Yes | Yes | Yes | No |
| eToro | Yes | Yes | Yes | Yes | No |
| XTB | Yes | Yes | Yes | Yes | Yes |
| Spreadex | Yes | Yes | Yes | Yes | Yes |
| Saxo | Yes | Yes | Yes | Yes | Yes |
| FxPro | Yes | Yes | Yes | No | No |
Our Opinion & Overview of the Best AI Stock Trading Apps in the UK
In this section, we offer our expert opinion and a comprehensive overview of the top AI stock trading apps in the UK. Through diligent analysis and evaluation, we present our insights into these innovative apps, highlighting their key features and overall performance for informed decisions.
1. Pepperstone – Best CFD AI Stock Trading App
While exploring Pepperstone, we accessed the AI trading feature on its cTrader, MT4, and MT5 platforms. We utilised the MT4 platform’s Capitalise.ai tool, known for its code-free best AI for trading. As a result, we easily customised our activities while limiting the risks that come with manual trading. The Pepperstone app hosts over 1,200 CFD assets across various markets, making it easier for users to diversify their portfolios. CFD trades also attract low fees, allowing newbies and low-budget traders to explore the world of AI stock trading.
Besides CFD assets, Pepperstone features social trading that we took advantage of to connect with other global CFD traders. Through the app’s Myfxbook automated trading system, we were able to copy forex from successful trading systems, which made us save time and maximise our profit potential. The app has no minimum deposit requirement for UK traders and offers numerous learning resources you will benefit from.
Pepperstone
✔24/7 customer support
✔No inactivity fees
Pros & Cons
Fees
Trading Assets
Pros
- A user-friendly and intuitive design AI trading platform
- cTrader, MT4, and platforms for AI trading
- Social and copy trading platforms
- Low spreads starting from 0.0 pips
Cons
- Limited asset offerings compared to its peers
- No buying and taking full ownership of the featured securities
After evaluating Pepperstone, we opened a trading account for conducting extensive tests. The process was quick and easy.
But what impressed us most was the Pepperstone minimum deposit requirement. This platform has no minimum deposit, which makes it ideal for low-budget and high-budget traders. If you are a beginner, joining this broker is advisable since you can start with a low amount and increase your stakes with time. To top it off, Pepperstone supports free deposits and withdrawals. This broker allows you to use diverse payment methods for free, from Visa debit and credit cards to PayPal and domestic bank transfers.
When it comes to spreads and commissions, Pepperstone is very cost-friendly. You can open a Razor account with this broker and enjoy 20 commission-free trades. Pepperstone’s Standard accounts also have zero commissions. On the other hand, spreads start from as low as 0.0 pips for forex pairs like EUR/USD and 0.5 for commodities like XAUUSD.
Finally, unlike most of its peers, Pepperstone charges zero inactivity fees. However, any positions you hold overnight with this platform are subject to swap rates. Visit Pepperstone’s pricing page for a detailed account of how this broker calculated swap rates for different financial instruments.
2. FP Markets – Overall Best AI Stock Trading App in the UK
FP Markets is one of the AI stock trading apps with straightforward account opening procedures. While testing it, we got started with a minimum deposit of £100 and zero transaction charges — an element that makes us believe it is perfect for any stock trader in the UK. Moreover, AI trading is available on FP Markets’ MT4 and MT5 platforms, where we explored autochartist and Autotrade features by Myfxbook. This made it easier for us to interact and automatically replicate potentially profitable positions from expert traders. Plus, the platforms feature algorithmic trading, whereby we used the available trading robots to automatically analyse currency quotes and execute trading strategies.
Note that FP Markets charges low trading fees with spreads starting from 0.0 pips on major currency pairs. Users also have an opportunity to explore the DMA features that enable them to connect directly with liquidity providers. Other trading platforms supported by FP Markets include cTrader and Iress, which is an excellent choice for stock traders in the UK.
FP Markets
✔10,000+ tradeable financial instruments
✔Free deposits and withdrawals
Pros & Cons
Fees
Trading Assets
Pros
- Low minimum deposit
- Multiple AI-powered trading platforms, including MT4 and MT5
- Over 10,000 CFD securities to choose from
- Quality learning and research materials offered
Cons
- No price plan
- Only CFD assets supported
Before going any further, note that the FP Markets minimum deposit is £100. You can’t fund your account with anything less than the mandated amount. Also, as a trader, expect to cover stipulated FP Markets fees and commissions. Let’s expound on that.
FP Markets has different trading and non-trading fees. However, the costs you will likely incur depend on where you are from. Take London as an example. If you’re from this city, you’ll incur a 0.10% commission per side while trading equity CFDs. You’ll also have to pay a £60 monthly fee if you use Iress Trader or ViewPoint.
But here’s the good news. You won’t incur additional costs while depositing or withdrawing money from your FP Markets trading account. Moreover, unlike many other brokers, this service provider doesn’t have inactivity fees for dormant accounts.
Please visit FP Market’s official site for a comprehensive overview of all fees and commissions.
3. eToro – Best AI Stock Trading App For Beginners
We tested eToro, and its automated trading app impressed us with a user-friendliness and modern interface, accessible on both iOS and Android devices. Navigating through the app’s menu was straightforward, facilitating efficient trade execution and exits. With over 3,000 stocks from 17 exchanges and additional securities, including forex, commodities, ETFs, and more, eToro offers a diverse range of opportunities for newcomers.
One standout feature of eToro is its social and copy trading platform, which allows users to socialise and effortlessly replicate the strategies of professional traders. The app automates trade replication while allowing users to define their strategy and set risk management controls like stop-loss orders. It also provides an abundance of learning materials, making it the top choice for newbies in the automated trading arena.
eToro
✔5000+ financial instruments
✔Cost-free deposits
Pros & Cons
Fees
Trading Assets
Pros
- User-friendly and intuitive design for automated trading
- Low minimum deposit requirement
- Copy trading platform supported by social trading features
- Abundance of learning materials
Cons
- Withdrawal fees apply
- Market analysis tools may be limited for professional traders
If there’s anything that can eat away at your profit margins, it’s unnecessary costs. Thankfully, eToro fees UK are reasonable and pocket-friendly. We acquired a new account without paying a single cent, which was quite a relief. We also noticed that you can enjoy free deposits by using USD. That said, eToro supports many other currencies, including GBP, EUR, and RMB.
You will incur conversion fees if you use any currency other than USD. And if you use any currency that eToro doesn’t support, you must pay conversion fees to your payment provider. The exact conversion fees you may incur at any moment will depend on various factors, including your preferred currency and payment method.
Please note that eToro subjects each withdrawal request to a £5 fee. The platform uses this money to pay expenses arising from international money transfers. Most importantly, you can’t withdraw less than £30 from the eToro trading platform.
While depositing money into our account, we noticed that eToro has strict minimum deposit requirements. Britons using this platform have to deposit at least £100 the first time. Afterwards, you can fund your account with as little as £10, depending on your preferred payment method.
Commission-wise, eToro is very friendly to people who trade ETFs or invest in real stocks since the broker charges 0% for these assets. On the other hand, if you buy or sell crypto on this platform, expect to pay a 1% fee. CFD trading also attracts variable spreads depending on the involved instruments. For instance, the spreads for currencies and commodities start from 1 pip and 2 pips, respectively.
Not to forget, eToro charges a £10 monthly inactivity fee that kicks in after 12 months of dormancy.
4. XTB – Cheapest AI Stock Trading App in the UK
We tested many AI stock trading apps in the UK, and XTB stood out as the best when it comes to affordability. The app only has a minimum deposit requirement of £5, with spreads as low as 0.1 pips. Moreover, getting started with this app is pretty straightforward and there are no transaction charges when making deposits and withdrawals.
Besides being a low cost AI stock trading app, XTB is the home for over 2,000 shares, which you can trade as CFDs. The best element about trading stocks with this app is that you will not incur commissions but spreads. On top of that, the app’s support team is very responsive and offers relevant solutions to raised issues and challenges. You can contact XTB via email, live chat, and phone. You can also take advantage of the app’s quality learning tools to learn more about the stock market and improve your skills.
XTB
✔5,700+ financial instruments
✔No minimum deposit requirement
Pros & Cons
Fees
Trading Assets
Pros
- Free deposits and withdrawals
- £5 minimum deposit requirement
- Over 2,000 stock CFD assets to choose from
- Commission-free stock trading
Cons
- Stock trading spreads can be high for low-budget traders
- Charges a £10 monthly inactivity fee after 12 months
XTB is a cost-effective trading platform. We used a live account to assess its fees and commissions. The first applaudable aspect we noticed is setting up an account with this broker is quick and easy. Furthermore, there’s no set XTB minimum deposit requirement, and the platform supports free transactions. When it comes to withdrawals, transactions above £50 are free.
That aside, we noticed various mandates on the XTB UK trading platform during our exploration. For starters, this entity has a £10 minimum order requirement for shares from companies like the Associated British Food PLC. Additionally, it requires users to cover a 0.5% conversion fee while trading with anything besides the base currency.
Not to forget, XTB charges different spreads for different instruments and requires traders who hold open positions to cover swap costs.
5. Spreadex – Best AI Trading App With AIM Stocks
After rigorous testing and thorough analysis, our experience with various apps led us to crown Spreadex as the top AI trading app for AIM (Alternative Investment Market) stocks in the UK. Since its establishment in 1999, Spreadex has excelled in providing unparalleled access to this vibrant market segment. Its extensive stock listings empower traders to diversify portfolios and explore budding companies effortlessly.
Spreadex goes beyond stocks, offering an array of tradable instruments like forex, commodities, and ETFs, enabling seamless integration of AIM stocks into existing portfolios. The user-friendly platform and competitive pricing add to its appeal. Spreadex has transparent charges and no minimum deposit requirement.
Spreadex
✔10,000+ financial instruments
✔Zero account inactivity fees
Pros & Cons
Fees
Trading Assets
Pros
- No minimum deposit requirement
- Offers the opportunity to explore small-cap stocks, including those in the AIM category with a market cap of £5m+
- Free transactions and no inactivity fee
- Thousands of shares to trade as CFDs and spread betting
Cons
- No buying and taking ownership of listed stocks
- No demo account
We analyzed Spreadex’s fees and commissions since these elements can impact a trader’s profitability. The first impressive aspect that caught our attention is this broker’s £0 minimum deposit requirement. You can deposit any amount into your Spreadex account and start trading almost instantly. Furthermore, the broker charges zero account maintenance and inactivity fees.
What’s more, Spreadex has tight spreads and commissions. While trading with this broker, you can enjoy low spreads starting from 0.9 pips for GBP/USD, 0.001 pips for USD/INR, and 0.6 pips for EUR/USD. However, note that this broker charges overnight financing fees for positions held overnight.
6. Saxo – Best AI Stock Trading App For Professional Traders
Through our testing and comprehensive analysis, Saxo emerged as the go-to AI stock trading app for professional traders. Its remarkably user-friendly platform hosts an extensive array of options, offering access to 23,500+ stocks across 50+ global markets with commissions as low as £0.01 per share. This cost-effectiveness empowers effective portfolio diversification, crucial for mitigating investment risks.
The app stands out for its dedication to third-party research resources and expert portfolio management services, enriching the trading experience. However, the high minimum deposit requirements for Platinum and VIP accounts might present a hurdle for budget-conscious users. Despite this limitation, Saxo impresses with access to over 50,000 additional assets and versatile trading options via desktop and SaxoTraderGO app for Android and iOS.
Saxo
✔No minimum deposit requirement
✔Low commissions for all asset classes
Pros & Cons
Fees
Trading Assets
Pros
- Plenty of research resources
- Numerous penny stocks to explore
- A user-friendly and customisable trading platform
- Low commission
Cons
- Support service response rate can be improved
- Does not support the MetaTrader platforms
Saxo is one of the brokers in the UK with transparent fee structures. While analysing its trading and no-trading charges, we noted that the broker has no hidden charges. This makes it easier for users to plan and budget for their activities without worrying about extra charges once fully invested.
Additionally, we find Saxo affordable since it charges low commissions, starting at $1 on US stocks, ETFs, and futures. For traders interested in options and government bonds, Saxo charges low fees, starting at $0.75 and $0.05%, respectively.
When it comes to Saxo’s minimum deposit requirement, the broker has none. This means that any trader, whether new or budget-conscious, can create a trading account with the broker and start exploring the financial space. However, expect to incur a currency conversion fee, especially when you trade using a different currency from your account’s base denomination. The good news is this fee doesn’t apply to marginal collateral and can never exceed +/- 0.25%.
Financing charges for positions left overnight are also applicable at Saxo. For investors, expect to incur annual custody fees if your account holds stock, bond, or ETF/ETC positions. The exact fee will vary depending on your account. Our analysis showed that you will pay up to 0.15% for the classic account, 0.12% for the platinum account, and 0.09% for VIP accounts.
Lastly, Saxo charges fees for additional services besides those mentioned above. For instance, it imposes a $50 fee for online report requests. Plus, transactions are free, and there is no inactivity fee should your account stay idle for some time.
7. FxPro – Best AI Stock Trading App With Spread Betting Options
Based on our experience and thorough analysis, FxPro’s app delivered an exceptional user experience, boasting low fees and competitive spreads starting at an impressive 0.6 pips. The accessibility of cTrader, MT4, and MT5 platforms significantly enhances its appeal, offering traders versatile tools and flexibility.
FxPro stands out prominently in spread betting options, despite having a slightly narrower asset range compared to some competitors. Yet, with a reasonable £100 minimum deposit requirement and outstanding market research tools, FxPro remains an excellent choice for traders seeking spread betting versatility within a stock trading app.
FxPro
✔User-friendly platform
✔Low minimum deposit requirement for UK clients
Pros & Cons
Fees
Trading Assets
Pros
- FxPro offers diverse spread betting options, catering to versatile trading strategies
- Competitive spreads starting at 0.6 pips
- Accessible via cTrader, MT4, and MT5
- Robust research tools
Cons
- Focus on forex and CFDs
- Possible limited market exposure
From our broker analysis and comparisons, we find FxPro to be one of the most affordable brokers for Ul clients. For starters, this broker has a free account opening procedure that takes minutes to complete. Moreover, it has a £1000 minimum deposit requirement, though you can deposit as little as £100. And when it comes to transaction costs, FxPro doesn’t impose any. We believe this makes it suitable for newbies who are sceptical about spending a lot of money and low-budget traders.
When it comes to trading charges, FxPro imposes low fees compared to other brokerage firms. For instance, forex trading attracts low fees, starting from 0.0 pips on major currency pairs. However, expect to incur additional costs for positions left overnight. There is also an inactivity fee of £10 monthly should your account remain dormant for over six months.
How to Start Trading with AI Stock Trading App in the UK
Starting your trading journey with AI-driven stock trading apps can be an exciting way to dive into the UK market. This section provides a detailed guide on how to kickstart your trading venture using these innovative applications. By following these steps, you’ll be all set to embark on your trading experience powered by AI technology.
Step 1: Understanding AI trading
Step 2: Choose a suitable app
Step 3: Account creation
Step 4: Fund your account
Step 5: Start small with demo accounts
Step 6: Begin trading
Begin by familiarizing yourself with AI technology’s role in stock trading. Explore how these apps utilize artificial intelligence and machine learning for market analysis and trade execution.
Research and select an AI stock trading app that aligns with your investment goals and preferences. Consider factors like user interface, available features, supported markets, and user reviews.
Download and install the chosen AI stock trading app from the respective app store. Sign up and create an account by providing necessary personal details. Ensure the security measures provided by the app.
Deposit funds into your trading account through the app. Verify the available deposit methods, and fund your account according to your initial investment plan.
Consider starting with a demo or practice account offered by the app. This allows you to trade with virtual funds, test strategies, and familiarize yourself with the app’s functions without risking real money.
Once comfortable, transition to live trading using your funded account. Execute trades based on your analysis, strategies, or the app’s AI-generated suggestions. Monitor your portfolio and make adjustments as necessary.
How to Choose the Right UK AI App for Stock Trading
Choosing the perfect AI trading app in the UK amidst the plethora of options can be overwhelming. Here’s a guide to assist you in making an informed choice when selecting an ideal AI stock trading app.
Security
Platform Performance
Trading and Non-Trading Costs
Asset Availability
Research and Educational Tools
User Recommendations
Prioritize security by ensuring the AI stock trading app and associated broker hold regulation from the Financial Conduct Authority (FCA). Regulatory compliance offers assurance, securing investments and upholding industry standards. Look for apps employing robust encryption and secure passcode systems to prevent unauthorized access.
A platform’s performance significantly impacts your trading experience. Opt for an app offering swift trade execution, minimal downtime, and real-time access to market data. A sluggish platform might result in missed opportunities and potential losses.
Evaluate the cost against the app’s value. Some AI stock trading apps charge a one-time fee, have subscription plans, or provide free basic versions. Assess an app’s minimum deposit requirement, commissions or spreads, transaction fees, inactivity charges, and more, for the best choices.
Consider the range of assets available for trading on an AI stock trading app’s platform. Besides listing numerous stocks, ensure the app offers additional assets, including ETFs, forex, commodities, cryptocurrencies, indices, and more. A wide array of assets allows you to diversify your portfolio and explore various trading opportunities.
Look for an AI stock trading app offering a comprehensive suite of research and educational tools. Access to market analysis, economic calendars, and educational resources enhances trading knowledge. For beginners, consider apps with demo accounts for practicing before investing real money. Informed traders leverage the full potential of AI trading.
Conduct thorough research by reading user reviews on platforms like Google Play, the App Store, and Trustpilot. User feedback provides valuable insights into an AI stock trading app’s performance, reliability, and overall user experience. Positive reviews indicate strengths, while negative feedback can alert you to potential issues.
What’s the Best AI Stock Trading App for Beginners?
When diving into the world of AI-powered stock trading as a beginner, prioritize simplicity and educational support in selecting the right app. Look for apps offering a user-friendly interface coupled with educational resources tailored for novice traders. Apps with intuitive onboarding processes, including demo accounts, make it easier for you to practise stock trading without financial risk. The best AI stock trading apps should also feature quality educational materials, such as tutorials, webinars, or guides, aiding in boosting your skill level.
From our hands-on analysis and experience, we advise beginners to start AI stock trading with user-friendly apps like eToro, known for its social trading features. However, before making a choice, take your time to explore different apps, evaluating their educational offerings, ease of use, and beginner-friendly support features.
Overall, the best AI stock trading app for beginners prioritizes simplicity, education, and user guidance, facilitating an effortless and informed initiation into the trading landscape. As you gain experience, you can gradually delve into more advanced features and strategies offered by these apps.
Don’t miss our detailed article about the best AI forex trading apps available in the UK.
Conclusion
Before engaging in AI stock trading in the UK, selecting an ideal app lays the groundwork for a fruitful journey. Armed with insights from our guide, your choice can align seamlessly with your trading goals. Therefore, commence cautiously, experiment with demo accounts, and adapt your strategies. Staying informed and adaptable to market shifts, coupled with a well-crafted plan, transforms AI trading into a potent investment tool. Embrace continuous learning, disciplined execution, and the right app choice to harness AI’s potential and navigate the UK stock market with confidence and agility.
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I like how each app is tailored to different needs, like eToro for beginners and Pepperstone for social trading. Low fees on platforms like XTB and AvaTrade are also a big plus.