With an ever-growing selection of platforms and trading services readily available at our fingertips, online trading has never been as accessible and easy as it is today. There is an app for every investment or trade you could think off such as stocks, commodities, different derivatives, and even cryptocurrencies.
In this post, we highlight the top 4 trading apps that every trader, from day traders to hobby retail traders, need in their arsenal.
Robinhood is a trading app that was launched in 2013 and that has already taken the investment world by storm. Much of the app’s success can be traced back to its unique nature. For example, it can only be used to invest and trade stocks, ETFs, and cryptocurrencies, it’s only available as an app (there is no desktop software), and unlike other financial companies, Robinhood does not provide any storefront offices.
However, the biggest advantage of the Robinhood app is that it’s completely free to use. That’s right, Robinhood charges no commission, no trading fees, and they don’t use spread. Instead, the company makes interest from users’ funds and account balances.
All things considered, it’s easy to use, optimized for today’s society, and free. So what are you waiting for?
MetaTrader is the name of the trading software from MetaQuotes and there are many reasons as to why the MetaTrader mobile platform is a favorite among most regulated online brokerages.
Originally, MetaTrader was developed for forex trading but today, it supports a range of markets and instruments, including CFDs on everything from stocks and commodities to cryptocurrencies and indices. The app comes with all the features you need to analyze an asset and open and closed positions. The graphs are of the highest caliber, stop-loss and alarms and other features work seamlessly, and all the prices are offered in real-time.
Perhaps the best part of MetaTrader’s software is that it’s used by several top brokers from all over the world. In turn, that means you can switch brokers without having to master a new trading platform. You can see a comprehensive list of brokers offering MetaTrader’s app on BullMarketz.com.
The app is free to download and trading fees are set by the broker you use, not the app itself.
TradingView is the leading provider of real-time quotes for almost every security and asset available on the market. Everyone from major financial institutions to professional day traders relies on the data provided by TradingView, and there is no good reason why you wouldn’t do the same.
TradingView’s app is a great tool that you can bring with you wherever you are to ensure that you’re always up to date regarding the securities in your portfolio or the assets you’re analyzing at the moment.
This app is so popular that chances are high that you’re already familiar with the platform or that you’ve used it in the past without even realizing it.
Acorn is a popular and practical investment app for people that don’t have time to actively invest on their own. The app is easily connected to your debit or credit card and then everything that card is used for a purchase, the app rounds the amount up to and invests the difference.
All investments are done in a diverse portfolio consisting of ETFs, which are considered to be safer than many regular stocks.
Now, investing spare change might seem like a waste of time, but the matter of the fact is that you don’t have to spend any time at all investing, it’s all done automatically. Also, don’t underestimate the impact a small investment done today can have on your life in the future.
And if that isn’t enough to convince you, maybe Acorn’s close to 40,000,000 customers could.