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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AI trading has gone from a buzzword to a must-have for traders. By automating and simplifying trades for users it’s attracting more and more people who want to find market opportunities and avoid emotional decision making. And the fact that AI trading can be done via apps means traders are in for a treat.
To achieve your trading goals with an AI trading app, you need to choose the best. I know how hard it can be to find a reliable and feature-packed AI trading app. So, I’ve curated a list of the top AI trading apps in the UK. I personally tested and reviewed these apps.
And I’ll show you how to get started. If you’re a beginner, you’ll also learn how to choose what’s right for you.
List of the Best AI Trading Apps
Here are the top picks that met my specifications during research.
- Pepperstone – Best For Advanced Traders
- FxPro – Overall Best
- FP Markets – Top Option For Forex Trading
- OANDA – Beginner-Friendly
- eToro – Best For Copy Trading
In This Guide
Compare Brokers Table
In my analysis, I evaluated the best AI trading apps using five essential criteria that you should carefully consider and compare:
| Best AI Trading App | Licence & Regulation | Support Service | Software | Payment Method | Demo Account |
|---|---|---|---|---|---|
| Pepperstone | FCA, MAS, ASIC, FSCA, DFSA, CySEC, CMA, SCB, BaFin | 24/7 | TradingView, MT4, MT5, cTrader, Pepperstone Trading Platform, Social trading | Visa, Mastercard, Bank transfer, Neteller, Skrill, PayPal | 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 |
| 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 |
| OANDA | FCA, B.V.I FSC, CySEC, ASIC | 24/5 | MT4, TradingView, Web, Mobile | Credit/debit cards, Bank/wire transfer, Skrill, Neteller | 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 |
Fees & Commissions
After speaking to traders and conducting my own analysis, I discovered that many prioritise a secure brokerage firm. They also consider the applicable fees and supported assets.
As an expert in this field, I agree with prioritising such elements. It is important to trade your preferred instruments without exhausting your nest egg. In this regard, I have shared tables below summarising my top recommended apps’ fees and asset offerings.
Fees
| Best AI Trading App | Minimum Deposit Requirement | Commission/ Spreads | Deposits/ Withdrawals | Inactivity Fee |
|---|---|---|---|---|
| Pepperstone | £0 | From 0.0 pips | Free | £0 |
| FxPro | £100 | From £3.50 per lot | Free | £10 monthly |
| FP Markets | £100 | From 0.0 pips | Free | £0 |
| OANDA | £0 | From 0% | £20 withdrawal fee | £10 monthly fee |
| eToro | £100 | From 0% | £5 withdrawal fee | £10 monthly |
Assets
| Best AI Trading App | Stocks | Forex | Crypto | Commodities | Indices | ETFs | Options |
|---|---|---|---|---|---|---|---|
| Pepperstone | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| FxPro | Yes | Yes | Yes | Yes | Yes | Yes | No |
| FP Markets | Yes | Yes | Yes | Yes | Yes | Yes | No |
| OANDA | Yes | Yes | Yes | Yes | Yes | Yes | No |
| eToro | Yes | Yes | Yes | Yes | Yes | Yes | No |
Apps Reviews
Statistics have well indicated that over 83% of companies prioritise AI in their business strategies. This includes brokerage firms hosting AI apps, such as those recommended above. It shows that it is worth adopting AI trading, which has proven reliable among UK investors.
If you are considering my suggestions for AI trading, read my mini-reviews below. I have prepared them myself based on hands-on experience.
1. Pepperstone – Best For Advanced Traders
If you are a seasoned trader like myself, this might just be the perfect app. I have experienced it as one of the best means to exploit advanced AI trading.
With Pepperstone, you could buy EAs or backtest your strategies using trading simulators. Or if you really want to have complete control of your automated trading. In this case, you could code your own algorithms and EAs, which is really cool.
What impresses me the most in Pepperstone is the diversity of powerful trading platforms such as MT4, MT5, and cTrader. Each of them offers multiple advanced features and fully supports algorithmic trading.
In the Pepperstone live account, I was able to access over 2,400 CFD instruments with spreads as low as 0.0 pips. I also appreciate that there is no minimum deposit required and both deposits and withdrawals are free. I believe the low charges are something no trader would ever want to miss.
Pepperstone
✔24/7 customer support
✔No inactivity fees
Pros & Cons
Fees
Trading Assets
Pros
- Allows professional traders to code their own algorithms
- Clients can also buy pre-programmed EAs
- No minimum deposit is required
- Deposits and withdrawals are free
- No account inactivity fees
- Razor account holders incur low spreads starting from 0 pips
Cons
- Limited financial instruments when compared to the other best service providers
- Higher spreads on standard accounts
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. FxPro – Overall Best
After much research and comparison of the best contenders, FxPro came out as the overall best trading app in the UK. It is a great app for sophisticated traders who would want to automate their strategies using strong robots and Expert Advisors. These systems monitor market signals and fluctuations in real-time, opening or closing positions automatically.
I also recommend FxPro to any UK trader due to its world-recognised third-party platforms, including MT4, MT5, and cTrader. The ability to perform algorithmic trading, besides providing advanced technical analysis, smooth performance, and great charting, is actually a must-have for any serious trader.
The FxPro app is available for both iOS and Android users, making mobile trading incredibly convenient. While there isn’t a proprietary desktop app yet, PC users can easily download MT4, MT5, or cTrader to enjoy AI trading. And if you’re after a reliable and feature-packed trading experience, FxPro has a lot to offer.
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
- Excellent customer support service
Cons
- Limited learning material
- £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.
3. FP Markets – Top Option For Forex Trading
As a forex trader, if I had to suggest any AI trading app that actually performs well, I would say it is FP Markets. In my opinion, it is one of the very few platforms that do offer automated copy trading capabilities and, hence, make it pretty easy to replicate other successful traders’ strategies. You can follow expert moves and apply them directly to your trades with just one account from FP Markets.
Simply put, FP Markets integrates with Myfxbook AutoTrade. It makes it easier for traders to copy the most sophisticated automated strategies directly into their FP Markets MT4 accounts. If you are a beginner, that would be a way to learn from the best in the industry. And if you’re an advanced trader, take advantage of it and build on your strategy.
I was also impressed with the wide variety of assets offered by FP Markets. More than 10,000 financial instruments are at your disposal, including 70+ forex pairs, shares, commodities, metals and more. The competitive spreads from 0.0 pips and leverage as high as 500:1 make the platform appealing for traders of any level.
For convenience, FP Markets aI trading app to forex traders offers an easy-to-use app for Android and iOS devices. If you are a desktop trader, you can download MT4, MT5, or cTrader. In my opinion, FP Markets has a robust choice for anyone to take their forex trading to the next level with AI Tools.
FP Markets
✔10,000+ tradeable financial instruments
✔Free deposits and withdrawals
Pros & Cons
Fees
Trading Assets
Pros
- Users get access to more than 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
- Absolutely no inactivity fees on accounts
- Accounts for islamic forex trading are available
Cons
- For forex traders via Iress – minimum deposit required: £ 1,000
- There are higher Raw account 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.
4. OANDA – Beginner-Friendly
OANDA app is user-friendly and tremendously customizable, allowing easy personalization of online trading experience according to the user’s desire.
What impressed me most was the integration of AI on the MT4 platform. The MT4 allows users to enjoy Expert Advisors. You are free to build your own trading algorithms, backtest your strategies, and improve your trading game with ready algorithms. This offers a very good opportunity for beginners to experiment with automation without feeling overwhelmed.
I also like that OANDA offers access to the TradingView platform, which is known to host powerful charting and analysis tools. Most of all, I like social trading, which easily allows you to communicate with other traders or learn from their experiences. It gave me a perfect opportunity to improve my skills.
The OANDA app will work on desktop, Android, and iOS devices. This means traders can participate in their trading activities and monitor open positions anywhere in the world. Plus, the app offers enormous learning materials that range from simple articles and guides to webinars and live events.
OANDA
✔No minimum deposit requirement
✔Excellent customer support service
Pros & Cons
Fees
Trading Assets
Pros
- User-friendly, customizable interface
- Offers AI functionality via MT4 using EAs
- Thousands of trading instruments, including forex, indices, commodities, bonds and more
- Desktop, Android and iOS compatible
- Thousands of in-depth learning resources covering articles, guides, webinars
Cons
- Only CFD instruments featured
- Some advanced features may be too intimidating for beginners
Opening an OANDA trading account is free, and you only need your personal details to set it up. From our experience, there is no minimum deposit requirement. We believe this attracts even low-budget traders as they can easily dive into financial market investment with any amount they can afford.
We also noticed that the OANDA broker doesn’t charge fees for deposits. This is whether you transact using credit/debit cards, e-wallets, or bank transfers. Plus, users can make one free withdrawal every month using their credit/debit cards. Subsequent withdrawals attract a fee, which varies depending on the currency you are transacting with. Bank transfers and e-wallet withdrawals also attract a fee, which from our analysis, is higher than credit/debit card withdrawals.
When it comes to inactivity fees, OANDA charges £10 monthly should your account remain dormant for over 12 months. Financing charges also apply for positions left overnight. Overall, we can confidently state that OANDA has no hidden charges. It allows users to easily plan and budget for their activities without worrying about future surprises.
5. eToro – Best For Copy Trading
Copy trading saves time and energy in the trading world. Additionally, it is very important for beginners since it helps them profit while learning to trade and also building up those necessary trading techniques. Based on my experience, eToro is an excellent AI-based trading app for any UK-based copy trader.
The eToro app allows mirroring the moves of top traders and investors automatically. This is a great thing to have for a beginning trader who is looking for a way to get through the complexities of trading. The best part? There are no extra charges for using eToro’s copy trading feature, making it both effective and cost-efficient.
This best AI trading app UK is available for both Android and iOS devices. While there’s currently no PC software, the mobile app is more than capable. It grants access to over 7,000 financial instruments, including CFDs on shares, commodities, and indices. Plus, eToro supports real stocks, ETFs, and popular cryptocurrencies like Bitcoin, Ethereum, and Solana. It’s a fantastic choice for diversifying your portfolio with a range of investment products.
eToro
✔5000+ financial instruments
✔Cost-free deposits
Pros & Cons
Fees
Trading Assets
Pros
- Lists 7,000+ financial instruments
- Supports copy and social trading
- 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.
Explore our additional article on the UK’s top AI stock trading apps.
How to Choose an AI Trading App
The UK market is brimming with AI trading apps, but not all are created equal. While some apps excel in providing traders with efficient tools and seamless experiences, others fall short. That is why you must consider various elements to identify the best. These include:
Security and Regulation
Fees and Costs
Customer Support
Online Ratings and Reviews
Performance of Platforms
Asset Offerings
AI and Automation Tools Supported
Security is the backbone of any trustworthy AI trading app. Make sure the app you use is regulated by the Financial Conduct Authority (FCA), the UK’s leading financial regulatory body. The FCA demands strict adherence to measures protecting users against fraud and cyber threats.
In addition to the regulatory body oversight, make sure the trading app also uses sophisticated security protocols such as 2FA and SSL encryption when protecting your data and transactions.
The fee structure of a trading app can go a long way in eating into your profit margins. Some AI trading UK apps have very low upfront costs but with hidden charges.
From experience, transparency is very key when it comes to fees. Before committing to any platform, carefully consider its pricing structure, including the spreads, account fees, and any other costs that may be associated with using the AI tools.
Before you decide to open an account with your chosen AI Trading app in the UK, it would be great to make sure this app has an excellent support service. Otherwise, a huge problem might be faced over time once you start experiencing challenges. One good way of ensuring that your answers will be promptly replied to when you need them most is by trying the pre-account-opening test on the preferred app’s support service.
Sample online reviews of the app you are considering for your activities. You can do so by visiting Google Play. the App Store, or Trustpilot. Stick to the service provider with plenty of positive reviews against a limited number of complaints. Preferably, the best app must respond to every customer grievance in a quick time.
A slow or crashed platform costs you real trades. The best AI trading apps in the UK are wired for speed, stability, and execution sans hitches.
Wherever possible, take some time to try the app demo account or even a trial version of the app if that’s available. In this way, you will be able to try its interface, order execution speed, and general performance without any financial risk.
Some AI trading apps only offer forex, while others list multiple selections like stocks, commodities, cryptocurrencies, and more. But the best is one that can give you a mixture of all these under one roof so you can diversify your portfolio.
Since AI trading apps are automated in nature, much consideration is needed regarding the quality and variety of the tools they will be offering. Amongst those, algorithmic trading bots, machine learning analysis, and customizable trading strategies continue to represent key selling features to look for.
You may want to have, as a beginning trader, apps with more simplified artificial intelligence tools, or even the functionality of copy trading that can be found on eToro. Advanced traders will surely appreciate apps that can integrate with third-party tools such as MetaTrader 4 or MetaTrader 5. They allow further customization and strategy building.
How to Start with AI Trading App
Setting up an AI trading app in the UK is pretty easy. However, it is critical to go about the process with care. This is so there is no delay or complication, especially when sharing personal information or any other document that may be needed.
That being said, here are the simple steps I believe will get you started with an AI trading app.
Step 1: Go to your service provider’s official website
Step 2: Download the app
Step 3: Create your account
Step 4: Complete verification
Step 5: Deposit funds
Step 6: Start trading
First, the app you choose should be highly reliable. You will need to visit the provider’s official website and review all of the details regarding their platform. Check the terms and conditions and determine if you are okay with its policy. This will save you from any headache later on.
Having ascertained that the platform will work for you, proceed and download the AI trading app onto your Android or iOS mobile device. Ensure to download an authentic app either from the App Store, Google Play, or from the official website of the provider to avoid scam versions.
Launch the app and start registering. You will be asked to fill in your full name, email, phone number, and a strong password. Ensure you fill in the correct information to avoid inconveniences in the verification process.
Most FCA-regulated AI trading apps allow access to the full features of your account only when one verifies their identity. In most cases, this is done by sending a government-issued ID, like a passport or driver’s license, in addition to a utility bill or bank statement that will serve as proof of address. Ensure the documents are valid and bear the same details as used in registration. This might take several hours or a couple of days, depending on the provider.
After verification, deposit trading capital. Locate the deposit tab on your app and choose one good option for a deposit type. The options should include bank transfer, debit/credit cards, and e-wallet. Take note of the broker’s minimum deposit requirement and all its accompanying fees.
Fund the account, and apply AI app functionalities to go live. Where possible, take advantage of demo accounts for the platform not to get completely weird on the first attempts. Try using various AI-powered tools, placing automatic strategies, and trading in line with the market tendency to optimize your trading performance.
As a beginner, start with small capital and increase the amount when you’re ready to risk more. Plus, always set risk management controls in order to prevent huge losses in case the trade goes against you.
How we test
Along with my team of professional researchers, I have extensively tested and compared AI trading apps in the UK. Our ranking was based on several key factors. These include security measures, quality of support services, variety of asset offerings, availability of demo accounts, and overall platform usability.
To ensure the greatest degree of fairness, we looked at the reviews users left on various trusted platforms such as Google Play, the App Store, and Trustpilot. These extra bits of information gave me the full picture regarding the strong and weak points of every provider. This way, I could provide recommendations in an unbiased and well-informed way. For a comprehensive view of this process, see our How We Test page.
Final Thoughts
From my practice, AI trading can be beneficial but far from a panacea. If you are a newbie in this sphere, I strongly advise you to start by learning more about AI trading. The last thing you want is to make costly mistakes that could have been avoided with proper preparation.
I also learned that no algorithm is perfect, and while AI might streamline your trading, it’s not infallible. I usually monitor my trades on a routine basis and make changes if I feel something is going wrong. One needs to stay involved and not rely wholly on automation. And don’t forget to protect your investments by applying stop-loss or take-profit orders, which reduce significant losses.
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I've had great success using Pepperstone for its advanced features and low spreads, along with eToro