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British investors have flocked to DIY platforms with the coronavirus shaking global markets, but financial advisers warn of big risks

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  • Global stock markets have been turbulent during the coronavirus pandemic.
  • Multiple UK platforms that cater to inexperienced investors have reported a surge in new accounts being opened.
  • Financial advisers, who compete for business with such platforms, caution that there are big risks if investors make the wrong move.
  • Visit Business Insider's homepage for more stories.

UK do-it-yourself investment platforms such as Hargreaves Lansdown and AJ Bell Youinvest have reported a surge in new accounts being opened by investors trying to manage their money themselves during the chaos caused by the coronavirus pandemic.

But professional financial advisers, who compete with such firms for business, are cautioning investors about the risks of going it alone, especially coming off the recent volatility in global stock markets.

See the rest of the story at Business Insider

NOW WATCH: Financial experts share advice on how to invest your money during the coronavirus pandemic

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SEE ALSO: 8 smart things people with financial advisers do with their money that give them a leg up

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