As a beginner or advanced trader, you should never settle for anything less than the best trading app when it comes to mobile trading. Mobile trading apps cover most, if not all, of the features desktop-based apps offer. Traders can use charts and technical indicators on their mobile phones, together with expert advisors and other algorithmic trading solutions.
What Makes a Trading App Stand Out?
With all the trading features and automated trading advisors available these days, it can be challenging to make an informed choice. It takes time, research, and some dedication on the part of the trader. Here’s what you should consider when deciding whether a trading app suits your needs:
- Financial planning tools. The best apps grant users access to an array of financial planning tools, ranging from simple calculators to elaborate advice on retirement and other investments.
- A well-designed mobile experience. The best trading apps feature a well-designed trading interface focusing on functionality and the elimination of errors.
- Seamless financial management. A trading app is more than an interface for trading stocks and commodities. It is a financial management terminal that may include features as advanced as self-driving money. Self-driving money handles transactions, putting your money where it should go. Some automated financial advisors feature self-driving features as well.
- Seamless syncing with external accounts.
- Attractive deals and discounts for larger balances.
- Human financial advisors. As trendy as automated financial planning is, serious traders appreciate human interaction. The best trading apps let their users connect with human advisors.
- Fractional share trading. Not all traders can afford to trade whole shares of the more expensive securities. Fractional shares give everyone access to the stocks they want to trade.
- Easy-to-handle drawing tools and charts. Charting is thebread and butter of technical analysis-based trading. Easy-to-read charts and functional drawing tools are musts for every trading app worth its mettle.
- Fluid synchronization between the mobile app and the desktop version. Many traders use their mobile and desktop trading apps interchangeably.They must be able to jump back and forth between platforms effortlessly.
- Good trading functionality and an extensive selection of tradable markets. Not everyone wants to trade gold, oil, or the EUR/USD currency pair. While these assets are popular, many traders find better opportunities in other markets.
- Trader education. The best trading apps do not neglect their beginner users. They educate and train them through webinars, educational articles, and interactive guides.
- Reliable and lightning-quick order execution.
The main advantage of a good trading app is accessibility. The challenge facing these apps is to achieve parity with desktop-based platforms. While there are still capability gaps between the two, these gaps are shrinking quickly.
| BROKER | PROS | FEATURES |
|---|---|---|
 | + Founded in 1974 + First-class web trading platform + Superb educational tools + Great deposit and withdrawal options | Fees: Spread cost; Overnight financing costs; Inactivity fees Min. Deposit: $£250 Tradeable Symbols: 19537 |
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. |
||
 | – Fast withdrawal – 0% commission on US stocks – Real Cryptos, Stocks – 2000+ assets – Copytrading – Social Trading – PayPal deposits possible – One Stop Shop | Fees: $5 withdrawal fee. Inactivity fee. Min. Deposit: $50 Pairs Offered: 47 Leverage: 1:30 |
74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
||
 | – Fast order execution – Tight spreads – Zero commissions – Big variety of deposit methods – Risk-management for beginners “AvaProtect” – Negative Balance Protection – Innovative mobile apps (AvaTradeGo, AvaOptions, AvaSocial) – Wide range of educational materials | Fees: High inactivity fees Min. Deposit: $100 Pairs Offered: Over 1,000 (all instruments) Leverage: EU – Up to 30:1, Professional Client/ROW up to 400:1 Withdrawal Process Time: 1-2 business days. |
76% of retail investor accounts lose money when trading CFDs with this provider. |
||
 | – Advanced risk management tools – 24/7 online support. – 30+ languages. – All devices. – 0 commissions. – Tight spreads. – CFD Service. | Fees: Inactivity fee, but only if you don’t login to account. Min. Deposit: $100 Pairs Offered: 70+ Leverage: 1:30 Withdrawal Process Time: 1-3 business days. |
81% of retail investor accounts lose money when trading CFDs with this provider. |
||
 | – Beginner Friendly – Well established – Well regulated – Negative Balance Protection – Over 3000 instruments to trade | Fees: High Forex Fees. Inactivity Fee. Min. Deposit: $100 Pairs Offered: 2000+ assets, including forex, indices, commodities, shares Leverage: UK/AU/EU – Up to 1:30 Withdrawal Process Time: 24 hours |
81,3% of retail investor accounts lose money when trading CFDs with this provider. |
||
 | – ASIC, FCA, DFSA, FSA Regulated. – Trade with more than 80 currency pairs. | Fees: Inactivity Fee. Min. Deposit: $0 Leverage: 1:400 Withdrawal Process Time: Varies |
82,7% of retail investor accounts lose money when trading CFDs with this provider. |
||