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Summary
- Mobile trading apps offer various features and are becoming the primary tool for businesses.
- Several online brokers offer their trading app; one can choose depending upon the feature one is looking for.
The time since smartphones entered the market, apps have been dominating the world. Mobile trading apps offer features such as accessibility to various information and are easy to use and affordable. Therefore, it is becoming the prime tool for businesses in this hi-tech world.
Stock trading apps are the mini version of the full trading platform offered by stockbrokers. There are multiple online brokers who allow investors to trade via an app. However, to filter out the best, one needs to closely look at fees, security, supported payment method, and ease of withdrawal before proceeding. Here, we are discussing some most popular online trading platforms, they are not a recommendation but quick references to be selected only after thorough research and after gathering all the details about them.
- eToro: This mobile trading app is available in both Android and iOS versions. A Financial Conduct Authority (FCA) licensed company, eToro allows you to trade in financial instruments such as stocks, currencies, Exchange Traded Funds (ETFs), cryptocurrencies and bond eToro app has a personalised news feed, and it is easy to use. eToro also offers charting tools, copy-trading that make this app a versatile market research tool for investors.
Also read: Best Crypto Exchanges in the UK for 2021
- Plus 500: Plus 500 is licensed by the FCA, the shares of the company are also listed on the London Stock Exchange. Plus 500 app works with platforms like Android, Windows, and iOS. The app works best for Contracts for Differences (CFDs) trading and caters to many features for active traders such as market, limit, stop, and trailing stop orders. The app has a free demo account that offer a great learning experience. The app supports many alerts for email, SMS and even pop-up notifications, which help the users to stay on top in this dynamic market.
- Pepperstone: The Australian broker offers the MetaTrader 4 mobile platform, the most popular software though it is a bit outdated and does not offer a copy-trading features, but the app claimed to be the most intuitive app in the UK. The software is available in 22 different languages and has a good search function.
The app provides great learning for beginners and offers several alerts. However, in case the user is looking for upgradation, he can shift to two modern options: MT5 and Pepperstone’s proprietary cTrader.
- com: The FCA licensed app offers an award winning CFD trading platform, trusted by over 1,770,216 registered clients worldwide. The app offers a clean interface where you can easily search for the stocks you wish to trade. The account can be set up with a minimum deposit of just £20 by using a UK debit/credit card or an e-wallet. However, while transferring through the bank minimum deposit of £250 is required.
- IG: IG is an investing all-rounder which offers a wide range of products such as ISA, pension and general investment account, shares, CFD, and ready-made portfolios, thereby making IG suitable for beginners as well as experienced investors. IG offers low fees, and investors can manage their investment with just one click. The app offers seven order types and many alert types to notify investors when something happens. IG’s app gives access to 10,000+ shares from domestic and international markets.
