Some of the applications are designed for forex enthusiasts, while others are equally adept at assisting stock, crypto, and precious metals devotees. It’s also essential to check out which of the offerings are geared for newer traders, if that is where your skill level is. Fortunately, the marketplace is varied and there’s pretty much something for every taste, budget, and background. Here are pertinent details about some of the top-ranked apps that can give you a head start on choosing one that’s most suited to your interests.
E-Trade
E-Trade is listed first because it was the first-ever online brokerage platform. You can read this thorough review to understand everything. For several years, it was the only game in town but now sets itself apart by offering no commission ETF and equity trading along with a simple app that lets users check their portfolios on smartphones from anywhere at any time of the day or night. The company’s big selling point is its commission-free price structure, but they also feature chain options chains, and a mobile app for laddered futures.
MetaTrader 4
MT4, or MetaTrader 4, is one of the most universally popular apps for people who are serious about buying and selling forex, CFDs, cryptos, commodities, futures, and various major indices. If you choose to download metatrader 4 and take it for a test drive, you’ll soon discover its capabilities. It’s a free download, so there’s no risk in trying it out for as long as you want to explore its features. Who is MT4 for? Primarily, it’s geared toward newer and experienced investing enthusiasts who want to learn how to place orders, and work with a user-friendly platform that offers an extensive amount of data. Deployment is a simple affair, and MT4 is designed to use minimal computer memory resources. Beginners find it easy to use, and it’s fully compatible with Windows, Mac, Android, iOS, and Linux. Sometimes called the industry standard, MT4 has active devotees who would never consider using anything else.
Webull
As mobile trading surges in popularity a relative newcomer to the segment, Webull has carved out a niche for itself as a no commission, easy to use app. In just under five years, the application has attracted in excess of two million users, almost all of whom are retail, casual trading and investing devotees. Users can buy and sell ETFs, options, and shares with zero commission, and the firm is registered with both FINRA as well as the SEC. The app’s design is straightforward, and there are no minimums on account balances. Plus, the Webull charting tools are excellent for beginners and advanced practitioners.
Thinkorswim
This platform by TD Ameritrade offers no commission trades on equity shares and has recently streamlined many of the app’s features to make it more user-friendly and mobile-friendly. It comes with all the essential features for beginning or advanced users, as well as in-depth educational resources. There are no account minimums, and the account opening process is quick and simple. The platform’s specialties are equity shares, options, and ETFs. The analytical tools are a major selling point for TD Ameritrade, which has struggled to compete against other giants in the industry. Likewise, mobile users love the ease of buying and selling directly from their phones or tablets. Expect excellent customer support, which is another area in which TD Ameritrade works to set itself apart from the competition.
eToro
If your idea of excellent trading is to have access to more than 1,550 equity stocks and more than two dozen of the most traded cryptos, then eToro might be for you. Additionally, the platform offers some of the best educational resources in the market, and its setup is famously simple. In fact, if you’re ready to go with funding, it’s possible to start right out of the gate as a trader in less than 15 minutes with an eToro account. The company is known for its special copy trading features that let anyone follow along with expert investors. There are resources, webinars, educational tools, and extras for new and experienced traders and investors. Most who flock to eToro are searching for an easy user experience and enjoy practicing whenever they wish in the demo account before going live with their own funds.
