Trading apps have recently become a crucial tool in most professional traders' arsenal. Obviously, due to certain restrictions that mobile software present, a stock trading app is not enough to support a professional trader's every single trade. Nevertheless, they are a great way of improving once availability and, when used right, they can help boost profitability.
Even serious day traders are using stock trading apps to make sure they never miss an opportunity or are forced to close a position too late, only because they were out or not sitting in front of their trading rig.
The only issue with the rise of the trading app is that there are so many different options available and it quickly becomes an overwhelming task to figure out which one to use.
So, in an attempt to minimize this issue, we have tested and reviewed a range of popular trading apps and have listed the best of the best below.
Before we get started with the recommendations, we want to offer a quick tip. Considering that you're found this article, chances are that you're already trading and that you're using a broker that you feel comfortable with.
In that case, we suggest you look into what app you're broker is offering to see if it would be a good fit for you. If that's the case, you should stick with that said app. Otherwise, you can pick one of the following.
The mobile versions of Metaquote's incredibly popular trading platforms MetaTrader 4 and MetaTrader 5, are some of the most used trading apps in the world. In fact, as seen in BullMarketz trading app guide, a majority of all online brokers, rely on the MetaTrader trading apps.
The reason for this is that Metaquote is one of the most established trading software developers on the market and their apps have been around for longer than most other similar apps.
Moreover, the apps are really easy to use, available on both iOS and Android and they come with every tool you would need to trade on your smartphone, including graphs, market updates, comparison tools, and extremely easy execution.
Plus500 is globally known as one of the best online stockbrokers ever. With a selection of stocks ranging from the main ones listed on American exchanges, to companies listed on smaller more local exchanges, this broker has it all.
This broker also happens to have developed one of the most award-winning trading apps ever, and there is no question as to why that is.
You see, trading with the Plus500 app is as close to trading on a regular desktop platform as you can come. The interface is designed to be as clear and easy to use as possible with all the tools you could wish for.
Better yet, you can test the app for free and without risk by opening an unlimited Plus500 demo account before you download the app from one of the app stores.
TD Ameritrade is not only one of the most well-established "traditional stockbrokers" in the world - available from the US to the UK and Europe, all the way to Asia - but they also have the best stock investment app.
In fact, whenever the best stock investment and trading apps in the world are listed, TD Ameritrade places at the very top.
With the TD Ameritrade stock trading app, you gain access to all of TD Ameritrade's tools and features, directly on your smartphone. Moreover, being the fact that TD Ameritrade already has a huge user base, their app is the obvious choice for many.
As a last bonus tip, we want to recommend Acord - an automatic stock investment app that can help you create a decent passive income, without lifting a finger.
By connecting the app to your debit or credit card, you will automatically invest the spare change from every purchase done with that card, in a portfolio of low-risk, low-reward stocks and EFTs.
Now, Acorn should not be the main app used by professional traders since you can't use it to find your own investment opportunities. However, we believe that every professional trader should have this stock trading app to maximize their opportunities.
With forex trading, nothing is more than helpful than having your charts, prices and quotes and the latest market news right at your fingertips. Also, it takes time to garner the skills and knowhow to make profitable forex trades. The advent of more than a dozen mobile apps is making trading more straightforward than ever, allowing investors to:
● Trade anytime, and anywhere
● Scour through the market for the most profitable trading opportunities
● Be more active and in control of the trading process
● Here are some of the best easy-to-use apps equipped with innovative features to enable you to maximize your forex trading opportunities.
NetDania is a user-friendly app that keeps you updated with current forex trading ideas and strategies. It also assembles data from more than 200,000 financial instruments and thousands of live charts. Besides, the app will let you know when to enter or exit the market, and also keep you updated with real-time market news from Market News International and FxWirePro. It also offers real-time updates on current stock market performance as covered by the Dow Jones, Nasdaq 100, CAC40, and 14 others.
Courtesy of being cloud-based, NetDania also comes with the extra perk of allowing users to share and sync data across a wide range of devices.
Trade Interceptor is another app for iPhone and Android that allows users to trade currency pairs and commodity futures through several reputable forex brokers. Through the software, you can find and compare currencies and stocks and determine which ones are worth investing in. Traders can also access live quotes and news for all major forex trading, indices, precious metals, and even bitcoin prices. The app also provides users with the option of receiving real-time, professionally curated financial markets news spanning Asia, Europe, and America.
With Trade Interceptor, you have access to 160 technical chart indicators and drawing tools so you can have the smoothest technical analysis. Users can also select any of 14 innovative chart types to view currency exchange rates most conveniently.
MetaTrader for Android
MetaTrader is another preferred app for forex traders that provides real-time and contract for difference (CFD) quotes and allows users to trade stock, forex, commodity futures and other instruments from the convenience of your phone. MetaTrader 4 for Android also supports all types of execution modes. The app even allows tablet users to reap all the benefits of a larger screen by automatically adapting its interface to tablets.
Its charts feature an effortless switching mechanism between different instruments - as well as between Stop Loss, Take Profit values. MetaTrader is big on the visualization of trading info, as well as seamless interaction on charts which have special pinch, zoom and scroll options.
ForexTime's FXTM app is available for Windows, iOS, and Android, and is used by forex in over 180 countries. Whether you're a novice or a pro, FXTM allows you to log in and trade your way to profit. If you're making your forex trading debut, the app will enable you to access informative and easy to understand forex trading educational resources. It features both variable and fixed spreads, and upon completion of a trade, your withdrawal request is processed in a few minutes. What's more, all you need to do to use it is sign up for an account, upload your ID documents and transfer some registration funds before proceeding.
FXTM also has some of the most impressive execution rates - allowing you to navigate through charts at the span of milliseconds.
Forex traders who've been in the game for long know how important global trends are. Even newspaper headlines can significantly affect exchange rates. The Bloomberg app is outstanding at supplying news and alerts that affect financial markets - from debt crises to elections to natural events. This way, you won't miss any important developments. Through the platform, you can also access prices and quotes for currencies, stocks, indices, and bonds. And apart from letting you analyze your current stocks, mutual funds, and exchange-traded funds, you can watch Bloomberg TV via an online video feed.
Stocks and forex trading is a lucrative venture, but it also has inherent risks. Making use of a forex trading app enables you to stay abreast of trends in the market, as well as key events that tip the scales of financial markets. This way, you know which moves to make to convert your investments into earnings.