Just like the title says.
Looking to start putting a couple hundred quid a month into shares and am currently doing my research on the various apps one can use (am reading the individual threads on the forum too).
For those who have experience with these apps, I’d like to know what you’d recommend and why. Not just focused on returns, usability/range of investment options/fees and anything else you can think of is really appreciated.
I’ve had investment accounts with Hargreaves Lansdown, Interactive Investor, iWeb, Freetrade, Dozens, and a couple of Roboadvisors (I forget which ones). Of these, I would say Hargreaves Lansdown has the best app.
However, I don’t think best app should be particularly high on list of priorities when it comes to investing. I currently use Freetrade, primarily due to fees.
If I was just starting out and looking to open an S&S ISA, I’d probably go with Vanguard Investor (cheaper than Freetrade for ISA when starting out). However, it doesn’t have an app.
Freetrade were dropped when they paywalled the chat & also have entirely arbitrary rationale behind not accepting top ups from e money accounts (I’m paid into Revolut so it’s a big inconvenience). They’re slower to reply by email than InvestEngine & IE allow DD top ups as well. Whether they’re cheaper I’m not sure!
Last time I used it chat in app was a Plus feature. However they didn’t explicitly tell you that - you just get stuck in an endless loop telling you to email if you’re a standard user. Why not just remove it if you can’t use it? Naff.
I see on their website they have a few automation tools which I don’t think Freetrade has - e.g. autoinvest and one-click rebalancing. Are these tools available via the DIY account, or do you need the managed account (0.25% fee)?