If you’re interested in trading assets on the move – whether that’s stocks, commodities, forex, or cryptocurrencies, it’s well worth doing so with a broker that offers an app. This will ensure that you can place buy and sell orders at the click of a button no matter where you are.
Additionally, the best trading apps allow you to easily check your portfolio, deposit/withdraw funds, and contact customer support. With that said, most online brokers now offer an app on both iOS and Android devices, meaning you have hundreds of providers to choose from.
In this post, I help clear the mist by discussing my favorite trading apps available in the market right now. I’ll also discuss the many factors you need to consider in choosing a trading app for your personal financial goals.
Why Get a Trading App?
It goes without saying that this post is only going to be relevant if you have a keen interest in trading. But, if you do, I think it’s crucial that you have access to a fully-fledged trading app alongside your primary desktop platform.
However, depending on the type of trading you intend on doing, you might choose to invest purely via your mobile phone. For example, if you are simply looking to buy and sell stocks, this is perfectly feasible.
See also: My guide to the best crypto trading apps
On the other hand, if you are a day trader that likes to perform advanced technical analysis – then you won’t be able to do this on a mobile phone. Instead, you’ll need to revert to the broker’s main online platform or desktop software.
Nevertheless, below I discuss the many reasons why you should consider a trading app if this is a sector you are already involved in or one you are interested in pursuing.