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Best AI Stock Trading Apps in the UK 2024

Thadeus Geodfrey, an experienced writer and self-taught trader, is not just about market analysis. His skill in identifying fraudulent brokers and ensuring traders’ safety offers security. Join Thadeus and feel protected in your trading endeavours.

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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
  • AvaTrade – Best AI Stock Trading Mobile App
  • 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 AppLicenceSupport ServiceSoftwarePaymentDemo Account
PepperstoneFCA, ASIC, DFSA24/7MetaTrader 4, MetaTrader 5, cTrader, TradingView, Capitalise.ai, Social TradingCredit cards, Bank transfer, PayPal, Neteller, Skrill, Union PayYes
FP MarketsCySEC, ASIC, FCA
24/7MT4, MT5, cTrader, IressCredit/debit cards, Bank transfer, PayPal, Neteller, Skrill, PayTrust FasaPayYes
eToroASIC, CySEC, FCA, FSAS24/5eToro investing platform, Multi-asset platform, Copy TraderCredit/debit cards, PayPal, Bank transfer, Neteller, Skrill, eToro Money, Online BankingYes
XTBFCA, KNF, CNMV24/5xStation 5, xStation MobileCredit/debit cards, Bank Transfer, SkrilYes
AvaTradeCBI, CySEC, ASIC, BVIFSC, FSA, SAFSCA, ADGM, ISA24/5MT4, MT5, WebTrader, AvaOptions, AvaSocialCredit/debit cards, Wire transfer, Paypal, Skrill, NETELLER, WebMoneyYes
SpreadexFCA24/5IPHONE App, IPAD App, ANDROID App, TradingViewBank Wire Transfer, Credit cardsNo
SaxoFSA, FCA, MAS, SEBI24/5SaxoTraderGO, SaxoTraderPROBank Wire Transfer, Debit cardsYes
FxProFCA, FMA, CySEC, FSCA, SCB24/5FxPro Mobile App, MT4, MT5, cTrader, FxPro WebTraderCredit/debit cards, Bank wire transfers, Neteller, Skrill, PayPalYes

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 AppFeesMinimum Deposit RequirementTransactionInactivity
PepperstoneFrom 0.0 pips£0FreeNone
FP MarketsFrom 0.0 pips£100FreeNone
eToro2 pips£50£5 withdrawal£10 monthly
XTBFrom 0.1 pips£0Free£10 monthly
AvaTrade0.03 pips£100Free£50 quarterly
SpreadexFrom 0.6 pips£0FreeNone
SaxoFrom £0.01 commission£0Free£100 monthly
FxProFrom 0.1 pips£100Free£15 one-off maintenance fee

Assets

Best AI Stock Trading AppForexStocksCommoditiesETFsOptions
PepperstoneYesYesYesYesNo
FP MarketsYesYesYesYesNo
eToroYesYesYesYesNo
XTBYesYesYesYesYes
AvaTradeYesYesYesYesYes
SpreadexYesYesYesYesYes
SaxoYesYesYesYesYes
FxProYesYesYesNoNo

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

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2,831 User Reviews
google
4,490 User Reviews
apple
130 User Reviews
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Our Rating
Total Rating:
7,451 User Reviews
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.

The Pepperstone trading platform gives traders access to over 90 FX pairs and 1200+ CFDs on different assets, including shares, indices, and commodities. UK traders can access all the products that this broker offers. But, to minimize losses, prioritize trading assets you are familiar with. If there’s an alien instrument you’d like to try, learn its fundamentals before risking your money.

Here’s an overview of Pepperstone’s products:

  • Forex: You can trade diverse currency pairs with Pepperstone, including majors, minors, exotics, and crosses. This trading platform promises to fulfill all FX exchange trades fully, without requotes or partial executions.
  • Commodities: Pepperstone users can trade CFDs on popular commodities like crude oil, natural gas, silver, and gold. This broker doesn’t have rollovers or expiry for CFD commodities.
  • Indices: With a Pepperstone account, you can speculate on the price movements of indices like JPN225, UK100, and US500. This platform supports leverage trading, meaning you won’t need large sums to open sizable positions while trading CFDs on indices.
  • Currency indices: You can use the Pepperstone trading platform to trade popular currency indices like EURX, USDX, and JPYX. However, note that some of these instruments have high spreads.
  • Shares: If you want to trade shares CFDs, Pepperstone is the platform to choose. It offers CFDs on shares from different corners of the globe, from the UK to Germany and the US.
  • ETFs: Pepperstone supports over 100 ETFs. You can trade CFDs on these assets and profit from rising and falling prices. The ETFs available on this platform follow the performance of diverse sectors, from technology and energy to mining and bonds markets.

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

trustpilor logo
7,195 User Reviews
google
0 User Reviews
apple
3 User Reviews
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Our Rating
Total Rating:
7,198 User Reviews
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.

FP Markets has one of the largest selections of tradable products today. While exploring this platform, we discovered over 70 currency pairs and a whopping 10,000+ CFDs across ETFs, shares, metals, and more. Here’s a rundown of this broker’s product offerings:

  • Forex: As a forex trader, you can use FP Markets to access 70+ popular pairs, from BBP/USD and EUR/GBP to CAD/JPY and AUD/NZD. These are available 24/5 and have tight spreads starting from 0.0 pips. You can also choose a Standard or Raw account, depending on your preferences.
  • Shares: FP Markets offers thousands of international share CFDs. You can use your FP Markets account to trade CFDs on shares from many popular companies, from Adidas and Volkswagen to BMW and Porsche. You can also trade with MT5 or Iress and enjoy all associated perks.
  • Metals: If you are interested in metal CFDs, check out FP Markets. This platform allows users to trade CFDs on various precious metals, including gold, silver, and aluminium. It also offers spreads as low as 0.0 pips for instruments like XAG/USD. You can trade metal CFDs with MT4 or MT5 after joining FP Markets.
  • Commodities: FP Markets supports trading CFDs on popular commodities like crude oil, coffee, and natural gas. This broker also allows its clients to use MT4 and MT5 to enhance their commodity CFD trading experience.
  • Indices: After signing up with FP Markets, you can trade CFDs on indices such as AUS200, FRA40, and EURO50. The best part is you can harness the potential of two of the best third-party trading platforms today: MT4 and MT5.
  • Digital currencies: FP Markets embraces crypto enthusiasts and allows them to trade CFDs on diverse digital assets, including Bitcoin, Litecoin, and Ripple.
  • Bonds: With this broker, you can dive into various bond markets. They range from government and corporate bonds to mortgage-backed bonds and bond indices. You can trade any bond you fancy and enjoy significant returns.
  • ETFs: Suppose you’re interested in trading CFDs on ETFs. FP Markets has a broad range of products you can access today, from gold and currency ETFs to bond and commodity ETFs.

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

Visit site
{etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider.
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trustpilor logo
5 User Reviews
google
143,000 User Reviews
apple
9,500 User Reviews
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Our Rating
Total Rating:
152,505 User Reviews
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.

eToro has 5,000+ product offerings. Finding something that fits your trading goals won’t be a problem with this platform. And the best part is this broker allows you to trade and invest in different assets. Here’s an overview of the products we encounter while evaluating eToro:

  • Stocks: eToro supports 4900+ stocks. As an eToro account holder, you can trade or invest in stocks from popular companies like Apple, Alphabet, and Microsoft.
  • Cryptocurrencies: Over 100 digital currencies are available on the eToro trading platform. They range from BTC and LTC to ETH and SOL. You can trade CFDs on these currencies or buy the assets and hold them in your eToro crypto wallet.
  • ETFs: eToro allows traders and investors to diversify their portfolios with ETFs and CFDs on ETFs. In other words, this platform lets you either buy exchange-traded funds or trade these assets as CFDs without owning the underlying assets.
  • Indices: We found a rich selection of top indices on eToro, including USDOLLAR, SPX500, and NSDQ100. You can trade CFDs on such instruments and profit from rising or falling prices.
  • Commodities: If you love trading commodity CFDs, eToro won’t disappoint. This platform offers 30+ popular commodities, including Gold, Oil, Palladium, and Corn.
  • Currencies: Joining eToro gives you the opportunity to trade CFDs on different currency pairs, from GBP/USD and USD/JPY to GBP/CHF and EUR/CAD. You can also buy and sell FX pairs on this trading platform.

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

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1,342 User Reviews
google
65,300 User Reviews
apple
997 User Reviews
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Our Rating
Total Rating:
67,639 User Reviews
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.

XTB users can access thousands of financial instruments, from 3,000+ shares to countless currency pairs. Most of these are CFDs, meaning you can speculate on their prices without owning the underlying assets.

Here’s an overview of what we found out while exploring the assets offered on this trading platform:

  • Stocks: XTB allows users to invest in real, commission-free shares from established companies like Amazon, Tesla, and Netflix. You can use one XTB account to access shares from over 16 major global exchanges. If you don’t plan on becoming a shareholder, you can trade stock CFDs on XTB and profit from speculation.
  • ETFs: This broker offers over 300 ETFs from around the globe. The best part is that it allows users to invest in real ETFs without being subjected to commissions. Investors can rake in monthly turnovers of up to £100,000 from buying and selling ETFs without worrying about additional fees undermining profitability. Additionally, the XTB trading platform allows users to trade ETF CFDs.
  • Forex: XTB gives users access to 48+ currency pairs, including GPB/USD, USD/CAD, and EUR/GBP. These instruments come with tight spreads starting from 0.1 pips for popular pairs. Moreover, this broker supports FX micro lot trading, making it ideal for beginners and low-budget forex traders.
  • Indices: With an XTB account, you can access indices from China, Germany, the US, and other regions. Standard options range from UK100 and US30 to FRA40 and EU50. You can also maximise profitability with flexible leverages of up to 20:1 and transparent rollovers.
  • Commodities: A wide variety of commodities is available on XTB, including gold, oil, and corn. You can trade CFDs on these instruments 24 hours a day from your PC, smartphone, or tablet.

5. AvaTrade – Best AI Stock Trading App for Social Trading

AvaTradeGO app impressed us in many ways, and we recommend it not only when it comes to cost efficiency but also user-friendliness. From our experience, we believe this best AI stock trading app UK is one of the most reliable when it comes to social trading. The app allows its users to connect with other global traders via the AvaSocial platform to share various trading ideas. AI trading is also available on the DupliTrade platform, whereby you can automatically duplicate expert traders’ positions and earn profits when they do.

To get started with the AvaTradeGO app, you must deposit at least £100. All transactions are free of charge, and expect to incur low trading costs with spreads starting from 0.03 pips. When it comes to educational content, the app features quality learning materials to ensure users are well-informed on AI trading. We also explored additional AI features on the MT4 and MT5 platforms.

AvaTrade

✔Free deposits and withdrawals
✔Beginner-friendly user interface

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2,549 User Reviews
google
10,200 User Reviews
apple
26 User Reviews
investingguide logo
Our Rating
Total Rating:
12,775 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • Availability of MT4 and MT5 platforms, making it suitable for all traders
  • A user-friendly and intuitive design platform
  • Low trading fees with zero transaction costs
  • Features AvaSocial and DupliTrade platforms

Cons

  • A high minimum deposit requirement of £2,000 to access the DupliTrade platform
  • Only CFD assets offered

Before going any further, note that there’s an AvaTrade minimum deposit requirement for UK traders. Fundamentally, this service provider requires Britons to fund their account with at least £100 while using supported payment methods like wire transfer, credit card, and e-payment. You should keep that in mind while funding your trading account.

That aside, while evaluating AvaTrade, we discovered that this broker has numerous fees and costs. For starters, it requires dormant account holders to pay a £50 inactivity fee. It kicks in after 3 successive months of dormancy, and the broker charges it after every 3 months.

Additionally, dormant AvaTrade accounts incur a £100 annual administration fee that takes effect after 12 months of inactivity. Not to forget, while trading with AvaTrade, you’ll have to cover an overnight premium whenever you keep a position open after the stipulated overnight funding time, which is 22:00 GMT.

Regarding spreads and commissions, AvaTrade is one of the most affordable brokers in the UK. With this platform, you will enjoy reasonable spreads starting from 0.13% while trading popular instruments like Tesla and Amazon shares are involved. AvaTrade doesn’t require traders to cover any commissions. The broker uses the Bid-Ask spread to compensate itself.

AvaTrade offers 1,250+ financial instruments. With this broker, you can trade everything from FX pairs to CFDs on stocks and indices. Here’s a detailed overview of all of the products offered by AvaTrade:

  • Forex pairs: AvaTrade allows users to trade over 60 currency pairs 24/5. Popular options range from GBP/USD and EUR/USD to EUR/GBP and USD/JPY. The platform also offers other minor and exotic pairs like GBP/NZD, USD/CLP, and GBP/SGD. Some of these instruments have tight spreads starting from 0.9 pips.
  • Cryptocurrencies: If you are a crypto enthusiast, you can use an AvaTrade account to trade CFDs on a wide variety of assets, including Bitcoin, Ethereum, and Stellar.
  • ETFs: AvaTrade supports CFD trading on popular ETFs like the MSCI EAFE Index Fund, the Energy Select Sector SPDR, and the iShares U.S. Aerospace & Defense ETF. All of the available ETFs have a 0.13% spread.
  • Stocks: Upon opening an AvaTrade account, you will get the opportunity to trade CFDs on stocks associated with respected companies like Google, Apple, and American Express.
  • Bonds: AvaTrade allows clients to trade CFDs on European, US, and Asian government bonds. Available products include EURO-BUND and JAPAN GOVT BOND.
  • Commodities: If you are interested in commodity trading, sign up for AvaTrade. You’ll have an uncapped opportunity to trade CFDs on hard commodities like gold and soft commodities like corn.
  • Indices: You can trade index CFDs on AvaTrade and avoid the hassle of analysing the performance of individual company stocks. The index-related products offered here range from the Cannabis Index to the US100 Index.

6. 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

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113 User Reviews
google
100 User Reviews
apple
155 User Reviews
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Our Rating
Total Rating:
368 User Reviews
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.

Spreadex offers thousands of financial instruments to traders, ranging from 60+ FX pairs to over 10,000 CFDs. It also allows users to bet on spreads UK and earn returns. Here’s a breakdown of the assets we discovered while reviewing Spreadex:

  • Forex: Spreadex supports 24/5 trading on select forex markets. You can trade different pairs on this platform, from GBP/CAD and GBP/AUD to EUR/NZD and USD/CAD. You can also trade CFDs on many of the available forex markets.
  • Indices: With a Spreadex account, you can speculate on the prices of major stock indices, including UK 100, UK MID 250, and Hong Kong 50. You can also trade CFDs on the available stock indices.
  • Shares: This broker allows you to trade CFDs on popular stocks and bet on spreads on supported shares. All you have to do is use the incorporated search function to look for your preferred stock and any related information, including minimum stakes and spread widths.
  • Commodities: After signing up with Spreadex, you can trade CFDs on different commodities, including gold, cotton, and crude oil. You can also venture into commodity spread betting.
  • ETFs: Over 200 ETFs are available on Spreadex, including the Valkyrie Bitcoin Fund and the Invesco Galaxy Bitcoin ETF. You can use this platform for ETF CFD trading and spread betting.
  • Options: Spreadex supports options trading and spread betting. The platform offers numerous options, including UK 100, SPX 500, and US Tech 100.
  • Cryptocurrencies: As a Spreadex account holder, you can bet on the spreads of popular digital assets like Bitcoin, Ethereum, and Dogecoin. These have reasonable spreads starting from 0.1 pips.
  • Bonds and interest rates: Spreadex allows investors to speculate on the prices of bonds and interest rates. You can also bet on the spread of these instruments while interacting with this platform. The available products range from UK Long Gilt and German Schatz to French OAT and Japanese Government Bond.

7. 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

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325 User Reviews
google
7,350 User Reviews
apple
1,400 User Reviews
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Our Rating
Total Rating:
9,075 User Reviews
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.

Overall, you will explore more than 71,000 trading and investment securities. The instruments are divided into investment and leveraged products, so every trader can easily choose what suits their skill level. Some of the investment products include stocks, ETFs, bonds, mutual funds, and crypto ETFs. Moreover, there is the managed portfolio feature that allows traders to see Saxo’s professional services when navigating markets and managing their investments.

When it comes to leveraged products, Saxo offers options, futures, forex, forex options, crypto FX, CFDs, commodities, and Turbos. This wide array of securities allows traders and investors to easily diversify their portfolios. As a result, they get to mitigate the risks that come with investing in a single asset.

Note that trading carries risks, especially those involving leverage. Therefore, understand all the risks involved before engaging in this trading method. Plus, conduct thorough market research for solid strategies that will increase your chances of earning profits.

8. 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

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526 User Reviews
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2,560 User Reviews
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487 User Reviews
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Our Rating
Total Rating:
3,573 User Reviews
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.

FxPro UK lists over 2,100 CFD instruments to trade. These include shares, forex, metals, indices, energy, and futures. While we like trading these assets, its offering is limited compared to most of its peers. Let’s break down these offerings so you can fully understand what to expect. 

  • Forex: Forex trading at FxPro gives you access to 70+ currency pairs, including major, minor, and exotic. You will enjoy fast trade execution with low spreads starting from 0.0 pips.
  • Shares: We also discovered thousands of shares to trade on this broker’s platform. These include popular options like Google, Meta, Apple, Barclays, Starbucks, and more.
  • Indices: Popular indices across Europe, America, and Asia are available to trade as CFDs. You can trade this asset on multiple platforms, including MT4, MT5, FxPro Edge, and cTrader.
  • Futures: For those who prefer trading futures, FxPro offers endless opportunities. Futures are a popular investment method that allows traders to speculate on the value of a range of commodities, indices, and energy.
  • Energy: You can also trade popular spot energy commodities like Natural Gas and Brent Oil. These are ideal instruments for short-term trading and portfolio diversification.
  • Metals: If you are passionate about metals like gold, palladium, platinum, silver, copper, and lead, FxPro is your one-stop platform. The best part is that you can explore them on a platform of your choice while incurring low charges.

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?

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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Thadeus Geodfrey

Thadeus Geodfrey and finance are inseparable. He is a versatile expert with a strong cryptocurrency and market analysis background. Thadeus provides a unique blend of technical and strategic insights as a seasoned financial writer. His overarching probe and attention to detail inspire the InvestingGuide community. He guides you through the continuously evolving market landscape to build solid investments or make successful trades.

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