Obtaining Valuable Shares Without Spending a Penny
In the world of investing, starting out can seem daunting. However, with the rise of user-friendly investing platforms, it's now easier than ever for beginners to dip their toes into the financial markets. This article will highlight some of the best platforms available in the UK, their key features, and the benefits they offer to new investors.
One of the standout platforms for beginners is Trading 212. Known for its streamlined tools, competitive fees, and a decent interest rate on uninvested cash, Trading 212 offers a sign-up reward of free fractional shares worth up to £100[1]. This platform's user-friendly interface and low fees make it an ideal choice for those just starting their investment journey.
Another reputable platform is IG. With 0% commission on investing, IG provides a sign-up bonus where, after investing at least £20 into a qualifying account, new UK investors receive free UK shares worth between £20 and £100, depending on a randomized reward structure[2]. This offer does not require referrals and applies to general investment accounts, though the free shares will only be credited to the GIA, even if the customer holds other account types like ISA or SIPP.
Both Trading 212 and IG cater well to beginners with their straightforward interfaces and low fees, and their initial rewards provide a helpful boost when starting an investment portfolio.
Other platforms, such as Saxo, offer a wider range of assets but may have higher trading fees and are more suited to experienced investors[1]. On the other hand, platforms like Plus500 focus on CFDs and may not be ideal for beginners due to the complexity and high risk involved[5].
In addition to the platforms mentioned, Freetrade offers a free share worth between £10 and £100 when you refer or get referred by a friend[4]. InvestEngine also offers a cash bonus between £20 and £100 to new customers who use a referral link[3].
Moreover, some platforms, like Interactive investor, charge a flat fee of £3.99 on trading UK and US shares, funds, ETFs, bonds, and gilts, but they also offer £100 worth of free trades to new customers who open an ISA or trading account by 31st July[6].
Investing for long-term wealth is a powerful tool, and these platforms offer investments in funds based on risk attitude, allowing beginners to find the right balance for their financial goals. Whether you're a beginner or an experienced investor, these platforms provide a wealth of opportunities to grow your wealth.
[1] Trading 212 - Source [2] IG - Source [3] InvestEngine - Source [4] Freetrade - Source [5] Plus500 - Source [6] Interactive investor - Source
- For personal-finance novices, platforms like Trading 212 and IG are notable choices due to their user-friendly interfaces, competitive fees, and sign-up rewards.
- Freetrade, another platform, offers a free share to new customers who refer or get referred by a friend, providing an initial boost for starting an investment portfolio.
- InvestEngine also caters to beginners, offering a cash bonus to new customers who use a referral link, making it easier to start saving and investing wisely in the world of finance.
