As an online trader it is important to be up to date with the latest movements on the stock market. Situations can change quickly so you have to be equally flexible and dynamic. Smartphones and tablets have given people the opportunity to revolutionise their trading and stay up to date with the latest news and trends. In order to this however you need a solid trading platform. Mobile apps are the solution and are now widely available. As well as making trading far more convenient they provide a secure environment to make sure the trades you make are as relevant as possible. In such situations it is important to have the best tools available to you, so for your convenience we have listed the top 7 online trading apps for Android platforms.
All of the following apps are free to download and available on the google play store.
1. MetaTrader 4
MT4 is the most popular android app for online trading and for good reason, its large range of features and polished mobile interface have made it very popular with more than 50,000 reviews on the Google Play store. Some of its key features include: fixed spreads, microlots, technical analysis, customisable tracking graphs and an integrated financial calendar. As the most popular trading app on the Play store it has the added benefit of a large amount of online tutorials and guides to help you get started with the platform.
If you would like to trade using the MT4 platform, ETX Capital is one of the most popular online brokers who use the platform and also regulated by the Financial Conduct Authority in the UK.
2. Trading 212 FOREX & Stocks
Designed by Avus Capital, a well-known trading platform provider, this app is the second most popular on the Play store. It includes a wide variety of features and instruments for tracking your stocks and shares. It’s simple layout and intuitive controls offer greater usability than many of its competitors while sacrificing a few tools. Notable features include: over 400 financial instruments, financial news and analysis and tight spreads, even at news time.
This app has been built and designed by eToro, best known for their popular online social trading platform. As a well-established company it has excellent customer support for the app. eToro puts a lot of emphasis on its established community of users to communicate with, the app even includes a function to copy the trades of successful users.
If you are interested in social trading and eToro, you can read our full review of eToro here.
This popular American company aims its platforms at experienced traders and this trend continues with its app. One of the leading platforms for the US market it has won awards for its customer service. However, the app hasn’t proved to be as successful as their other platforms. Although it is a powerful and fairly user friendly app some users have reported it having technical problems.
The creators of this app are iFOREX, fairly recent entrants into the marketplace. The app includes a customisable layout and access to over 80 currency pairs. The app has received many good reviews and appears to be a solid piece of software. The trading platform even includes a special account for Islamic traders who wish to abide by the principle of no ‘Riba’ – a term used for unjust gains in business transactions. However, the company has received criticism for its lack of transparency, poor customer service and no free demo account available.
Created by the South African company Deltastock this app is currently not very popular, but the users who have downloaded it seem to be very happy with it – the app, receiving a 4.1 star rating on the Play store. Their simple and attractive interface makes it easy to navigate, but as a new company they struggle to keep up with all of the features included in competing apps. However, their excellent customer service puts them in a strong position to continue to improve the app.
Hopefully this has inspired you to check out Android apps, many of the benefits listed here can only be judged subjectively so it is important to try the apps out to find which one is best for you. As with all financial trading your capital is at risk. These apps are designed for experienced traders, however trial accounts are available on several of these apps and are a good way to build up experience without risk. Mobile apps provide many strengths over traditional trading and can greatly benefit you when used responsibly.