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Best Auto Investing Apps UK

Auto investment apps UK use algorithmic technology to determine how much you can afford to invest on a regular basis in order to automatically set that amount to one side and invest it in the stock market.

My guide compares the three investment apps in the UK that allow you to automatically invest, including platform fees, investment options, and features, so you can select the best option for your unique circumstances.

Also consider: Best Robo Advisors UK

Best auto investment apps in the UK:

eToro logo

eToro

  • Minimum deposit £10
  • 0% commission when you buy and sell stocks
  • One of the best investment apps in the UK for beginners and low-cost trading

Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.

Nutmeg logo

Nutmeg

  • Start investing with £500
  • This investment app does the investing for you with ready made portfolios
  • 6 Months 0% Portfolio Management Fees

Capital at risk. Tax treatment depends on your individual circumstances and may change in the future.

InvestEngine logo

InvestEngine

  • Suitable for both experienced investors and newcomers.
  • £25 Welcome Bonus when you invest £100 (T&Cs apply)
  • A great investment app with themed portfolios

Bonus will be paid after an initial investment of at least £100 in a single portfolio. With investment, your capital is at risk. This could mean the value of your investments goes down as well as up.

Wealthify logo

Wealthify

  • Start investing today and enter our £20,000 prize draw (T&Cs apply)
  • Ethical investing available
  • Choose an investment style that’s right for you

As with all investing, your money is at risk. The value of your portfolio can go down as well as up and you could get back less than you put in. The tax treatment of your investment will depend on your individual circumstances and may change in the future. You should seek financial advice if you are unsure about investing.

Freetrade logo

Freetrade

  • Get a free share worth between £3-£200
  • Commission-free investing
  • Stock universe of 6,000 stocks and ETFs

When you invest your capital is at risk, the value of your investments can go down as well as up and you may get back less than what you invest. *Other charges apply. Free share terms and conditions apply. The probability is weighted, so more expensive free shares will be rarer.

Circa5000 logo

CIRCA5000

  • Get £5 free when you sign up
  • Get a further £15 when you refer a friend!
  • Great investment app for impact and ESG investing

Capital at risk.

Moneyfarm logo

MoneyFarm

  • Best for “set-and-forget” investors
  • Diversification opportunities within your investment
  • Fees as low as 0.35% for balances over £100,000

Capital at risk.

Plum Savings App logo

Plum

  • Open an account and connect to your primary bank account in minutes
  • Start automatic saving and round-ups

Capital at risk.

Chip App logo

Chip

  • Gain access to the market-leading interest rate of 1%

Capital at risk.

Wombat Investment App logo

Wombat

  • One of the cheapest ISAs available plus free £10 for new accounts who deposit £10

Capital at risk.

Plum Savings App logo

Plum

Part of the appeal of Plum is how quickly you can open an account, link to your primary bank account, and start investing. Plum uses complex algorithms in order to identify how much you can afford to save. It will squirrel money away in the background without you even noticing it and there are several accounts available for you to choose from including interest-bearing savings accounts, personal pensions, and investment accounts. Once you have chosen your actively managed funds you have the option to choose how your savings are split between the funds.

There is a monthly subscription fee, however, this is on the low end of the scale when compared to other financial service providers.

Chip App logo

Chip

Like Plum, Chip uses artificial intelligence and complex algorithms to analyse your income and expenditure so it can identify an unnoticeable sum of money to put to one side for you.

Opening your account and subsequently connecting to your primary bank account can be completed in a couple of minutes if you already have your banking app on your smartphone.

Chip offers a higher interest rate than Plum however, their investment ISA comes at a higher cost which I will go into in more detail under ‘Cost’. There is a decent selection of investments that can be aligned to your risk level and Chip has the ability to transfer a lump sum on paydays to boost your savings.

The main difference between Chip and Plum is that currently, only Plum allows you to auto-save directly into your investment account. At Chip, you can only save into their savings accounts and then move the funds manually into your investments. Of course, this is something that Chip are looking to rectify however at this time, this definitely puts them on the back foot.

Wombat Investment App logo

Wombat

Get £10 free when you invest £10

Another provider that allows auto-investing is Wombat. Wombat represent a very low cost option for investment amounts of under £1,000. The other way that Wombat stands out is that they allow investors to invest in line with their interests and values with over 20 themed based portfolios to choose from. They also provide access to fractional shares.

Wombat were awarded Investment Tech of the Year 2022 at the UK Fintech Awards and are quickly becoming one of the fastest growing platforms in the UK. Their ISA is completely free for accounts under £250 which makes them one of the most competitive options available.

What is automatic investing?

Automatic investing is the process whereby you link investment apps to your primary bank account in order for them to transfer an affordable sum of money into a pre-selected fund on your behalf. They represent a truly hands-off approach.

How do I invest in stocks automatically?

Currently, there are no options to invest in stocks automatically however, Plum are working at releasing individual stocks. It is prudent to remember that auto-saving into a diversified fund can help to mitigate your exposure to risk, whereby individual stocks could represent a riskier option, especially for a novice investor.

Pros of auto-investing

  • Drip feeding your money into the stock market in this fashion can actually help to mitigate some of your risk when compared to investing a lump sum.
  • These mobile apps can turn pennies into pounds and pounds into holidays without any effort on your part.
  • Investing represents a way to beat inflation in the current climate although as always with investing, the value of your investments can go down as well as up.

Cons of auto-investing

  • The monthly subscription fee can start to eat away at small investment pots and therefore it is wise to build your pot in a savings account before moving it into investments.
  • Investing should always be a long term endeavour and you should be prepared to lock your money away for a minimum of years so this is not a solution for short term savings goals.

Auto Investing Apps UK FAQs

Who should use an auto-investment app?

Anyone can use these services and benefit from them however, they are an ideal solution for anyone who struggles to save and is looking to beat inflation. This represents a truly hands-off approach and even complete novices should find the process very quick and easy.

That being said, it is wise to build a substantial sum, using the free auto-save feature, before committing to the annual platform fee which could end up eating away at your gains should you have a small starting pot.

Are auto-investment apps safe?

Yes, the two apps that I have detailed in this guide are both completely safe with appropriate levels of authorisation and cover by the Financial Services Compensation Scheme. The Financial Services Compensation Scheme will cover any financial losses you incur as a result of the provider going bust however, it will not reimburse you should your investments fall in value.

Should you be considering any other financial service providers it is prudent to always check the level of security and authorisation for that particular provider.

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