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Otherwise known as algorithmic or automated trading, AI trading allows you to optimize your trading experiences and returns with artificial intelligence technologies. To reap full benefits and take your experience to the next level, you need a powerful AI trading app. Our team researched and tested the applications available in the UK. After spending countless hours toiling and comparing service providers, we’ve compiled a complete guide to the best AI trading apps in the UK. Pick a good app from the ones recommended here.
AI trading has metamorphosed from a fad to a widely adopted trend for good reasons. First and foremost, most traders have discovered that AI trading is indispensable in taking advantage of more market opportunities and lessening the detriments of emotional trading. You, too, can consider harnessing the power of AI trading today.
You must find an excellent AI trading app to enjoy AI trading and everything it offers. We’ve listed several apps you should consider choosing today. We hand-picked them after analyzing and testing countless service providers based on factors like licensing, security, fees, and reputation. We highly encourage you to save time and energy by picking the best AI trading app UK from our guide.
List of the Best AI Trading Apps
- FxPro – Best Overall AI Trading App in the UK
- FP Markets – Best AI Trading App for UK Forex Traders
- AvaTrade – Best AI Trading App for Beginners in the UK
- Pepperstone – Best AI Trading App for Advanced UK Traders
- eToro – Best AI Trading App for UK Copy Traders
In This Guide
UK AI Trading Apps: Comparison Table
Before preparing this guide, our experts researched and vetted numerous AI trading apps in the UK. We used factors like regulatory status, security protocols, and online reputation to identify outstanding service providers. The same aspects helped us isolate and avoid brands with poor customer service, frequent downtime, and other issues.
Our primary objective is to ensure our readers have access to unbiased, informative content guaranteed to facilitate prudent decision-making. We don’t favour or hate any service providers. Our mini-reviews include everything we discovered while evaluating the best service providers: the good, the bad, and the ugly.
Let’s start with a comparison table highlighting the first aspects that make the AI trading apps recommended here the best in the UK.
| Best AI Trading App | Licence & Regulation | Support Service | Software | Payment Method | Demo Account |
|---|---|---|---|---|---|
| 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 |
| FP Markets | FCA, MAS, FSCA, ASIC, CMA, CySEC, FSA | 24/7 | MT4, MT5, TradingView, cTrader, WebTrader, Mobile App, Copy Trading | Credit/debit cards, Neteller, Skrill, Bank transfer, Google Pay, Apple Pay | Yes |
| AvaTrade | FCA, MAS, FSCA, CBI, CySEC, PFSA, ASIC, B.V.I FSC, FSA, ADGM, ISA | 24/5 | WebTrader, AvaOptions, AvaTrade App, Mac Trading, MT4, MT5, Automated Trading | Credit/debit cards, Neteller, Skrill, Wire transfer, WebMoney | Yes |
| Pepperstone | FCA, MAS, ASIC, FSCA, DFSA, CySEC, CMA, SCB, BaFin | 24/5 | TradingView, MT4, MT5, cTrader, Pepperstone Trading Platform, Social trading | Visa, Mastercard, Bank transfer, Neteller, Skrill, PayPal | Yes |
| eToro | FCA, MAS, CySEC, FSCA, ASIC, SFSA ADGM, MFSA, FSAS, GFSC, SEC | 24/5 | eToro investing platform and app, Multi-asset platform, Social Trading, Copy Trader, Smart Portfolios | Credit/debit cards, Bank transfer, Klarna, PayPal, Skrill, Neteller | Yes |
Apps Short Overview
Furthermore, we vetted the AI trading apps in the UK according to their fees and supported assets. We want you to find a service provider with reasonable fees that won’t compromise a massive chunk of your profit margin. Additionally, our team is hell-bent to helping you pick a service provider with your favourite tradable financial products. Check out the comparison tables below for an overview of the fees you’ll encounter and assets supported by the best AI trading apps.
Fees
| Best AI Trading App | Minimum Deposit Requirement | Commission/ Spreads | Deposits/ Withdrawals | Inactivity Fee |
|---|---|---|---|---|
| FxPro | £100 | From £3.50 per lot | Free | £10 monthly |
| FP Markets | £100 | From 0.0 pips | Free | £0 |
| AvaTrade | £100 | From 0.13 pips | Free | £50 after every 3 consecutive months of inactivity |
| Pepperstone | £0 | From 0.0 pips | Free | £0 |
| eToro | £100 | From 0% | £5 withdrawal fee | £10 monthly |
Assets
| Best AI Trading App | Stocks | Forex | Crypto | Commodities | Indices | ETFs | Options |
|---|---|---|---|---|---|---|---|
| FxPro | Yes | Yes | Yes | Yes | Yes | Yes | No |
| FP Markets | Yes | Yes | Yes | Yes | Yes | Yes | No |
| AvaTrade | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Pepperstone | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| eToro | Yes | Yes | Yes | Yes | Yes | Yes | No |
Our Expert’s Opinion about the Best AI Trading Apps
Below, we’ve discussed our opinions on the best AI trading apps in the UK. Please note that our guide and mini-reviews are steeped in extensive research and evaluations. Additionally, our team spent considerable time testing each service provider highlighted here. But we highly encourage you to do your homework and use demo accounts to assess these apps before committing financially.
1. FxPro – Best Overall AI Trading App in the UK
After concluding our research and comparing the most outstanding service providers, we identified FxPro as the overall best trading app UK. This app allows savvy traders to automate trading with powerful robots and expert advisors (EAs). These systems monitor signals and market changes and either automatically open or close positions in real time. If you want to save time and optimize trading, try the FxPro app.
We also recommend FxPro to traders seeking the best AI trading app in the UK because it gives users access to diverse third-party trading platforms. They include MT4, MT5, and cTrader, which support algorithmic trading. These platforms also have splendid features like robust technical analysis tools, stable performance, and outstanding charting solutions.
The FxPro app is accessible to both IOS and Android users. This service provider has yet to release a proprietary desktop trading app, but PC users can download MT4, MT5, or cTrader and use these apps for AI trading.
FxPro
✔User-friendly platform
✔Low minimum deposit requirement for UK clients
Pros & Cons
Fees
Trading Assets
Pros
- Over 2,100 tradable financial instruments are provided
- Powerful trading platforms like cTrader, MT4, and MT5 are available
- Competitive spreads and commissions
- Users can diversify by investing in thousands of stocks and ETFs
- Exemplary customer support service
Cons
- Limited learning materials
- £10 monthly account inactivity fee
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.
2. FP Markets – Best AI Trading App for UK Forex Traders
Suppose you are a forex trader searching for a spending AI trading app. FP Markets has everything you need to take your career to the next level. For starters, this service provider allows you to opt for automated copy trading. Simply put, you can automatically follow and mirror moves made by successful forex traders with an FP Markets account.
Furthermore, FP Markets offers Myfxbook Auto Trade to individuals interested in AI forex trading. That is a trading system and mirroring service that gives you unmatched access to excellent copy trading techniques. You can use it to copy numerous advanced automated systems into your FP Markets MetaTrader 4 trading account. Myfxbook also allows beginners to observe, learn from, and engage with the most successful forex traders. If you need to broaden your knowledge base and enhance your expertise, this platform can help.
Finally, we recommend the FP Markets AI trading app to forex traders because it offers over 10,000 financial products. These include 70+ forex pairs and thousands of CFDs on shares, commodities, metals, etc. The app’s users also get to enjoy sharp spreads starting from 0.0 pips and leverages as high as 500:1. FP Markets has dedicated mobile trading apps for Android and iOS users. Desktop users can download MT4, MT5, and cTrader trading apps hosted on the official broker’s online platform.
FP Markets
✔10,000+ tradeable financial instruments
✔Free deposits and withdrawals
Pros & Cons
Fees
Trading Assets
Pros
- Users get access to over 10,000 tradable financial assets
- Tight spreads starting from 0.0 pips
- Outstanding platforms like cTrader, MT4, and MT5 are hosted
- 24/7 online support is available
- Zero account inactivity fees
- Islamic forex trading accounts are offered
Cons
- £1,000 minimum deposit requirement for forex traders using Iress
- Raw accounts come with higher costs
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. AvaTrade – Best AI Trading App for Beginners in the UK
Have you ever heard of AvaAcademy? This is AvaTrade’s educational arm and is specially tailored for beginners. If you are a newbie, you should use it to enhance your trading knowledge and skills. The academy has everything from forex and stock market trading courses to guides related to commodities, cryptocurrencies, and ETFs. Furthermore, numerous articles tailored to introduce you to the essentials of AI trading are available here.
We’ve also ranked AvaTrade as the best AI trading app for beginners since this broker allows you to download diverse apps that newbies can use for automated trading. For instance, you can download the MT4 app from the AvaTrade official site and use it to access DupliTrade. This is a solution that enables your AvaTrade account to copy the actions of expert traders.
Not to forget, the AvaTrade app is perfect for beginners since it has a simple, intuitive user interface. You can access it from your Android or iOS device. PC users can download MT4 or MT5 and use them for auto trading with their AvaTrade accounts.
AvaTrade
✔Free deposits and withdrawals
✔Beginner-friendly user interface
Pros & Cons
Fees
Trading Assets
Pros
- Top-tier educational materials and resources
- Diverse auto trading options are available, including DupliTrade and AvaSocial
- Users have access to MT4 and MT5 trading platforms
- No additional fees for deposits and withdrawals
- Beginner-friendly, intuitive user interface
- High-quality customer support services
Cons
- Higher spreads than most of its peers
- Inactive accounts incur £50 fee every 3 months
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.
4. Pepperstone – Best AI Trading App for Advanced UK Traders
If you are a seasoned trader with extensive experience, Pepperstone is the right app for you. With it, you can harness the full benefits of AI trading. Pepperstone allows people like you to buy their favourite EAs and backtest different strategies with trading simulators. If you don’t want to buy an automated trading solution, you can code and use your own algorithms and EAs.
We also recommend the Pepperstone app because its users have access to diverse, robust trading software, including MT4, MT5, and cTrader. All of these platforms support algorithmic trading and come with powerful features and functionalities. What’s more, a live Pepperstone account allows you to trade countless CFD instruments and enjoy sharp spreads as low as 0.0 pips.
Pepperstone offers dedicated trading apps for iOS and Android users. PC users can enjoy the benefits of AI trading via MT4, MT5, and cTrader. We highly encourage you to trade with Pepperstone because this broker has no minimum deposit requirement and offers free deposits and withdrawals.
Pepperstone
✔24/7 customer support
✔No inactivity fees
Pros & Cons
Fees
Trading Assets
Pros
- Allows seasoned pros to code custom algorithms
- Users can opt to buy pre-built EAs
- No minimum deposit requirement
- Free deposits and withdrawals
- Zero account inactivity fees
- Razor account holders can enjoy low spreads starting from 0 pips
Cons
- Limited financial instruments compared to other top service providers
- Standard accounts have higher spreads
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.
5. eToro – Best AI Trading App for UK Copy Traders
Copy trading can save a lot of time and effort. Beginners can also use it to maximize profit potential as they expand their knowledge base and develop crucial critical trading skills. That said, we consider eToro the best AI trading app for copy traders in the UK.
With the eToro app, you can automatically copy what top traders and investors do. That can be incredibly beneficial, especially when you are a newbie trying to find your footing in the trading universe. The best part is you don’t have to pay additional fees to enjoy eToro’s copy trading feature.
You can trade with the eToro app from your Android or IOS mobile device. Presently, this broker has no downloadable software for PC users. But the eToro mobile app should do just fine. With it, you get access to 5,000 tradable financial instruments, including CFDs on shares, commodities, and indices. eToro is also one of our favourites since the broker has real stocks and ETFs alongside popular cryptos like Bitcoin, Ethereum, and Solana. You can diversify your portfolio with any of these investment products.
eToro
✔5000+ financial instruments
✔Cost-free deposits
Pros & Cons
Fees
Trading Assets
Pros
- Offers 5,000+ financial assets and instruments
- Supports copy trading and copy investing
- Simplified, user-friendly interface
- Experienced traders can open professional accounts with fewer restrictions
- Competitive spreads and commissions
Cons
- £10 monthly inactivity fee
- £5 withdrawal fee for each request
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.
AI Trading in the UK
AI trading is legal and very popular in the UK. But, like other forms of trading, you must be 18 and above to enjoy the benefits of trading with AI in the UK. You also need to find an app that supports AI trading and offers outstanding systems and solutions.
Undoubtedly, AI trading comes with many advantages. For starters, it enables you to trade 24/7. As a human, you can’t trade all day and all night since you’ll eventually get tired and need to rest. But algorithms and bots can run all day, every day, without taking a break. What’s more, AI-powered solutions process and execute trades faster than humans.
Unfortunately, AI trading has its fair share of risks and downsides. For instance, AI-powered solutions are susceptible to bugs that can lead to erroneous decisions and hefty financial losses. Additionally, most systems lack the ability to respond effectively to unexpected events like sudden market crashes. Before engaging in AI trading, research the associated risks and how to mitigate them.
What is an AI Trading App?
AI trading apps use AI (artificial intelligence) technologies to facilitate the automation of trading activities. Today’s best apps rely on diverse exceptional tech solutions, including natural language processing and machine learning.
In the UK, AI trading apps are regulated by the FCA. You should always trade with FCA-authorized and regulated apps because they meet and adhere to the FCA’s stringent standards regarding aspects like capital adequacy, operational resilience, and risk management.
Explore our additional article on the UK’s top AI stock trading apps.
How to Choose the Best AI Trading App UK
A considerable number of AI trading apps are available in the UK. Unfortunately, some expose traders to immense losses due to flawed algorithms, poor security measures, and other issues. To be safe and optimize our trading experiences, you must find the best AI trading app in the UK using these factors:
Security and Regulation
Fees and Costs
Customer Support
Online Ratings and Reviews
The FCA requires authorized service providers to implement top-tier security measures and systems that are indispensable in warding off cybersecurity threats. To enjoy optimum safety and security, prioritize trading with an FCA-authorized and regulated AI trading app. Additionally, verify if the app supports quality security protocols like 2FA and SSL encryption.
Before you start using any AI trading app, check the stipulated fees. If you don’t, excessive costs and hidden charges may compromise your profit margins. Additionally, vet the provider’s spreads and commissions.
Ensure your chosen AI trading app provides quality support service before signing up. Otherwise, you may encounter a significant issue in the future only to be frustrated by non-existent or sub-par customer support. The best way to ensure you’ll get prompt responses when you need them most is by testing your preferred app’s support service before opening an account.
When searching for the best AI trading app for you, read online reviews and check ratings. Many platforms can help you to that end, from Google Play to the App Store and Trustpilot. Prioritize picking service providers with many positive testimonials and few complaints. Ideally, the best company should show an affinity for promptly addressing customer concerns and complaints.
How to Sign up for an Account with an AI Trading App
Opening a new account with one of the best AI trading apps in the UK is relatively easy. However, you can complicate the process by submitting incorrect information or invalid documents, so you should avoid that. To open an account today, follow these steps:
Step 1: Visit your chosen service provider’s official site
Step 2: Download the app
Step 3: Create your account
Step 4: Complete verification
Step 5: Deposit funds
Step 6: Start trading
If you haven’t vetted your chosen app provider thoroughly, do it before doing anything else. Visit the company’s official website and analyze everything, from fees to apps. Furthermore, check if you agree with the stipulated terms and conditions.
After verifying your chosen service provider’s suitability, download the right app for your device. You should never download apps from other platforms besides official sites like Google Play and the App Store. Why? Many non-official sites offer apps infected with spyware, viruses, etc.
To create your AI trading account, fill out the sign-up. Remember accurate info, from your name to your email and physical address. Don’t lie since the broker’s experts will compare the details you submit with what’s on your verification documents.
Most apps require new users to verify their identity and location before accessing AI trading services. This step is simple: share clear copies or photos of the necessary documents, including your government-issued ID and utility bills. Before completing this step, check which document format your chosen service provider supports.
After verifying your account, research the supported payment methods. Look for the most convenient option and fund your account with it. Obey any stipulated minimum deposit requirements and wait for the money to be credited to your account. If the process takes too long, contact support.
Before trading live, we encourage you to test every new app with a demo account. And when you are ready to transition to live AI trading, protect your capital with the provided risk management tools. Furthermore, keep up with the latest AI trading trends and adjust your strategies whenever necessary.
Conclusion
AI trading isn’t a silver bullet. If you are a newbie, don’t try it before educating yourself. If you do that, you will make detrimental mistakes at some point and lose a lot of money in the long run. Also, don’t assume that AI trading is foolproof. The algorithms may fail and lead to untold losses. You should monitor your trades frequently and make the necessary adjustments when things start to go south. Most importantly, protect yourself against losses with solutions like stop-loss and take-profit orders.
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