Online trading keeps getting easier and more accessible for each year that passes. One of the latest and fastest-growing trends are trading apps, which is what will take a look at today.
Only a few years ago, trading apps were something of a laughing stock in the trading community. The best apps at that time could only be used to analyze assets and receive news and market updates. Back then, the software offered was clunky and completely unnecessary.
Today, things are very different and the top apps keep getting closer and closer to their desktop counterparts. In fact, some of the leading trading apps can be used for each step in the process – from the analytic work to the opening and closing of trades. We would even argue that a good trading app can be more than enough for most retail traders.
1. MetaTrader 4 – Top Forex Trading App
MetaTrader 4, or MT4 as it’s usually called, is the top forex trading software on the market. It’s offered by a range of online brokers and is generally considered to be several years ahead of their competition.
Moreover, the MT4 app has been trailblazing the mobile trading industry and it keeps breaking new ground, acting as an inspiration for many other apps. The interface is simple yet efficient and it has all the features you could wish for, from analytic tools and market updates to a great platform where you can handle several trades at once.
You can find a complete list of the forex brokers offering the MetaTrader 4 app on BullMarketz.com, where you’ll also find a ton of other useful trading information and recommendations.
2. TD Ameritrade – World’s Best Broker App
TD Ameritrade is one of the top brokers in the United States and Europe, and their app is constantly receiving awards and getting recognition in the industry.
The app can be used to trade stock, futures, options, and even forex, and it features over 300 technical indicators as well as a range of other useful tools. Better yet, it has been the number 1 ranked app in the App Store for several years in a row.
If you haven’t traded using an app before, we think TD Ameritrade’s app is the perfect introduction. Also, due to TD Ameritrade’s reputation as one of the leading brokers in the world, you know that you can trust them.
3. Plus500 – Innovation and Simplicty
Plus500 was one of the first online brokers to start taking mobile trading seriously and together with MT4, the Plus500 app has been leading the development. Besides offering hundreds of indicators and an incredibly user-friendly design, the Plus500 app is known for its simplicity.
This is also one of the few online trading apps that is available on Windows Smartphones, which, to us, is an indicator that Plus500 is looking to dominate the market.
4. Robinhood – Free Mobile Investments
For American traders looking to invest in stocks and cryptocurrencies on their mobile devices, Robinhood should be a no-brainer. When launched in 2013, Robinhood changed the idea of mobile investments and still to this day, they continue to inspire brokers and app developers all over the world.
The best part of using Robinhood is that their services are completely free to use. Instead of charging their customers fees and commission, Robinhood takes out interest on customer’s balances. And who wouldn’t want to invest for free?
5. Acorn – Automatic Investment App
Acorn is a unique app that allows you to invest spare change automatically. The app requires little to no maintenance from its users meaning you can install it, set it up, and then let it work on its own.
All you have to do is connect your debit or credit card to your account, then the app will automatically invest your spare change in professionally-managed portfolios. Obviously, this is not a get rich fast solution, but you shouldn’t underestimate the power of regular investments.
Also, there is no reason as to why you wouldn’t use this app since it requires nothing from you. Install it, connect it to your card, and let Acorn handle the rest.