Check out the top applications for the FTSE100, the main index representing leading companies on the London Stock Exchange. Excellence in the UK market with these essential applications. Many of these platforms are also used by professionals —including asset managers and registered institutional managers— seeking effective tools for investment strategies. This ranking features the three best options available today.
Ranking Methodology
This ranking of the best applications for FTSE100 trading is based on a thorough evaluation process. Our methodology considers several factors to ensure that traders have access to reliable, efficient, and user-friendly trading experiences.
User Experience: Ease of use, interface design, and overall user satisfaction.
Trading Tools: Availability of advanced trading tools and resources for the FTSE100.
Costs and Fees: Transparency and competitiveness of trading fees and costs.
Customer Support: Quality, responsiveness, and availability of customer service.
Regulatory Compliance: Adherence to regulations and financial standards.
Data Sources
The data used in our ranking includes user reviews, expert opinions, and independent research from reputable financial sources.
Review Process
Our team conducts regular updates and reviews of applications to ensure accuracy and relevance in the rapidly evolving trading environment.
Account Opening for Residents: Various foreign trading platforms do not enable accounts for certain users. Therefore, it is most important to ensure they accept residents. These options allow you to open an account with simple documentation, making the process accessible.
Factors Influencing Index Prices
Index prices are determined by changes in the prices of its components. This means there is a strong correlation between the index's performance and the prices of the major stocks that comprise it. Some factors that can influence index prices include:
Market Sentiment: The structure of indices allows them to serve as benchmarks for the stock market. Because they are composed of multiple stocks, they tend to reflect the overall market sentiment. For example, if the market is generally bullish, the corresponding index prices are expected to rise. Some factors that can influence market sentiment include: economic factors like wages and inflation, company news reports, central bank announcements, and interest rates.
Business News: News concerning companies with significant weighting within an index can influence its overall price direction. Some of the most impactful business news includes: earnings reports, forecasts and profit warnings, mergers and acquisitions, and management changes.
Index Rebalancing: Most indices are rebalanced periodically. This rebalancing can include the addition of new companies to the index and the removal of others. This rebalancing may also include an increase or decrease in the weightings of certain components within the index. The period from the pre-announcement to the effective rebalancing date and the period following the rebalancing can be very volatile for index prices depending on anticipated events.
Sector Performance: The performance of a sector can influence the overall performance of an index. For example, technology has an approximate sector weight of 27% in the S&P 500. If the sector faces tough economic conditions and technology stock prices fall sharply, it will also cause price losses in the S&P 500.
Commodity Prices: Commodities support many economic activities of various companies. Many indices include shares of commodity companies. For example, the UK's FTSE 100 has about 13% of its weighting in energy. Therefore, changes in the commodity market can influence the overall index price.
Political Events: As broad benchmarks, indices are vulnerable to major political events such as elections, trade wars, or conflicts between countries. For example, the UK's Brexit triggered volatility in the UK index.
