Mobile apps are a very popular choice for traders as apps are a convenient way to access the market while you are away from your desktop. Since your trading account contains sensitive and personal information about your money & bank account, a mobile phone is a secure way to keep your private information in one place.
Although mobile app, is a simple version of a software application that is designed to run on a mobile device such as a phone & tablet. Online trading apps are fully capable of giving access to market data, news, charting, and finding trading ideas.
Most of the online trading brokers make use of the App Store & Google Play for you to download. You can trade with the stock market to buy and sell shares of stock. Using the stock screeners tools to filter stock selection and setup the advanced charting for technical analysis using your mobile apps.
With the advance charting tool like Candlestick chart, use Bollinger bands to identify the trend line, use MACD to find signal from the moving average convergence or divergence. Trade the price strength using Relative strength index (RSI)
Best Free stock trading apps 2020
Robinhood Financial is a stock trading app to invest in stocks, ETFs, options and Cryptocurrency. Best of all, Robinhood is paying you 3% annual interest rate on the monthly based Interest on the uninvested cash in your brokerage account.
You will be charged $0 commissions for trading U.S.stocks and OTC securities including ETFs and options.
You can trade over 7,000 stocks, ETFs, and Cryptocurrency such as Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Dogecoin (DOGE), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC).
You can find over 2,000+ financial instruments across various classes to trade with CFD accounts for stocks, currency pairs, commodities, Index, ETFs and cryptocurrency. With Etoro, you can trade shares with as low as $50 for the minimum trade with the flexibility for you to choose your preferred leverage levels.
eToro is widely known as a social investment platform, along with its “CopyTrading” feature. This is a trading platform that enables investors to view, follow and copy the network’s top traders automatically.
eToro didn’t charge commission and Overnight Fees for each of the shares transactions, LiveSpreads will apply for the buying and selling of shares.
Trading212 is the popular and highly rated trading & investing app with Over 15 million downloads on google play and App store. Trading212 has been ranked #1 in the UK since 2016 and #1 in Germany since 2017.
You can trade in 6500+ global stocks and 2500+ instruments including 150 Forex pairs, 30 indices, gold, commodities, crypto and with Trading212 CFD.
Trading 212 didn’t charge commission for each of the transactions, no Deposit fee, no Withdrawal fee and Minimum deposit amount USD 10 or EUR 10.
Trading 212 platform comes with an easy to use interface that is Ideal for beginners. An organized layout to view your watch-list, pending orders or previous purchases and detailed graphs of any instrument in one page.
Best of all, you can learn with the Trading212 High Level education section filled with videos on their official Youtube channel.
IG is a Award-winning trading platform that offers trader with Fast & efficient trade executions. As of 2019, 86 million trades were transacted under IG with 0.014 seconds average execution speed.You can trade over 17,000 markets, including more 24-hour indices than any provider and extended hours trading on US shares.
IG allow you to purchase share by paying 5% margin for the stock from:
- New Zealand
- Hong Kong SAR
FxPro was founded in Cyprus during the year of 2006, and named as the Forex Provider of the Year “at the Financial Times Investors Chronicle Investment Awards 2010 (FT / IC Investment Awards) in 2010.
You can trade Contracts for Difference (CFDs) accounts on 6 asset classes such as Forex, Shares, Spot Indices, Futures, Spot Metals and Spot Energies. With FxPro platform, you can execute trades with Average execution time of 11.06 ms. All client trades are executed with No Dealing Desk intervention. Most trades are filled in under 10 milliseconds., with up to 2,000 trades executed per second.
The recommended minimum initial amount is 1000 USD. However, you may fund as little as 100 USD each time.