Smartphones have completely revolutionized the trading space. What was once done in huge rooms with banks of computers and ticker tape is now done largely in the palm of traders’ hands. There are a range of great websites and apps out there that provide invaluable resources for online traders looking to make money and maximize their potential.
So, you ask, what are the best apps for online trading? We’ve got you covered. We’ve created a list of the 7 best apps you can currently download on both Android and iOS to help you in your online trading journey. When used in conjunction with sites like marketbusinessnews.com which provide information and resources to traders, these apps will make you unstoppable.
If you’re a beginner or you’re just getting started in the world of online trading, then eToro is very much for you. This app comes complete with its very own social trading network which allows you to draw on the collective knowledge and experience of the trading community. With eToro’s revolutionary copy function, you can find the portfolios and methods of the most successful traders in the world and simply copy them over to your portfolio, thus ensuring you’re following in the footsteps of giants. You can, of course, open a demo account if you’re still learning. All told, eToro offers an excellent experience to new traders.
Although the Best Brokers Stock Simulator doesn’t actually allow you to trade real stocks, it does enable you to test strategies and learn the market with absolutely no risk to any kind of real portfolio. The Best Brokers Stock Simulator app is an extremely accurate representation of what the stock market looks like, and the devs keep up-to-date with the real-life market, making changes and copying trends accordingly. If you’re totally new and you have no idea where to begin when it comes to stock trading, we’d strongly recommend you check out this app. You can also connect with friends and get a social network going within the app.
Looking for a trading app with a beautifully simple user interface? Look no further than the clean lines and pastel shades of Skilling. This app offers the ability to trade over 700 different stocks, indices, commodities and currencies (and yes, this includes cryptocurrency like Bitcoin or Ethereum). There’s a demo account available for newbies, but we feel confident recommending this one to established traders too. The Skilling Academy provides excellent information on how to get started, and you can create an account and be trading in just 5 simple steps. It’s hard to find a downside when it comes to Skilling.
We think Trading 212 is a great app for new traders, but it’s got some excellent advanced functions to take advantage of as well. The app offers a whopping 1,800-plus stock portfolio which draws from stocks all around the world – British, German, and American stocks are all on offer. You can expect tight spreads, commission-free equity trading, and a free lifetime practice account among other things. Trading 212’s live chat is second to none; if you have any problems whatsoever with the app, the helpful support team is always on hand to provide the help you need.
The IG Group is a well-known name when it comes to trading apps on the UK market. IG offers a suite of great apps for both platforms, but IG Trading pips them all to become one of the best trading apps for your smartphone. You can trade stocks and shares as CFDs through the IG Trading app, as well as forex trading, cryptocurrency, and other things you’d expect from a top-notch trading app. You’ll be able to access interactive charts which break down financial information in an easy-to-understand way, and the security here is excellent too. If you’re a new trader, you might want to try one of the other apps, but seasoned pros should check out IG Trading now.
Okay, so technically Yolt isn’t actually a trading app and doesn’t allow you to trade stocks. Still, every good online trader needs a robust finance tracker, and that’s exactly what Yolt is. This app allows you to keep track of every aspect of your finances exhaustively. From transactions to income and everything in between, nothing escapes Yolt’s notice. You can set budgets, add reminder notifications, and add multiple accounts so that you and your family can always keep track of your finances at any given time. If you’re serious about online trading, you’ll need a good finance tracking app, and Yolt is that app.
Again, the Bloomberg app technically won’t actually let you invest money in stocks and shares. It is, however, probably the most exhaustive information companion you could hope for as a trader. Using the Bloomberg app, you can receive up-to-the-minute reports on how the market is moving, what investments you should be making, and other important data. Anything you could possibly wish to know about the movement of the stock market is right here in the Bloomberg app. It’s useful as a companion to have on hand as you make investments – think of it as a second screen for your PC and you’ll be set.