Investing is no longer the preserve of experienced and wealthy investors, as investment apps have made it easy for anyone to get started. They are a new generation of online investing platforms that allow Irish traders to trade stocks, ETFs, currencies, and even cryptocurrencies.
Some of the most popular investment apps are robo-advisors, which offer low fees and diversified investments that aim to outperform the market. Moneycube is one such app. Investment Apps Ireland offers a simple user interface and a range of investments. It has established relationships with all of the life assurance companies offering investment funds in Ireland and also collaborates with Conexim, providing access to over 4,500 international funds. It also aims to keep total fees, including the fund manager’s component which is out of their control, below 1.5%.
Top Investment Apps in Ireland Reviewed
Other investment apps provide a more traditional trading experience. Some, like IG, offer low trade spreads and a comprehensive charting toolkit. Others, such as eToro, are known for their social trading features and a wide range of markets to choose from. These investment apps are typically regulated in their home country and may offer a variety of consumer protections for customers.
Some traditional stockbrokers offer investment accounts. These are financial providers authorised by the Central Bank of Ireland that act as middlemen for customers who want to invest in the stock market. These brokers can be a good choice for beginners who want to invest in stocks and shares, but they may charge higher fees than some of the investment apps listed above.