Looking to invest? Check out the best trading apps that will help you make profits safely.
Interested in investing in the stock market ? Looking for a reliable and user-friendly tool to track your investments and place your orders ? It can be tedious to choose from the hundreds of software applications available on the market. In order to make your things easier, we have sifted through the 3 best applications that will make it easier for you to carry out your stock trading strategies.
Launched in 2007, eToro is an online broker with over 11 million users worldwide. eToro is regulated and licensed by CySEC, ASIC and the FCA, the world's three largest financial market regulators, making eToro a highly recommended platform for beginner traders.
Investing with eToro is all about security. With its two-factor identification protocol and 256-bit SSL encryption, it ensures that your data, investments and earnings are protected. What's more, the platform is accessible from a computer, smartphone or tablet, so you can easily keep track of your investments.
eToro is popular with traders because of its wide range of financial products. In particular, you can invest in more than 2,000 stocks listed in London, Paris, Hong Kong, Madrid, or Zurich. In addition, the application also allows you to open positions on 13 stock market indices, including the CAC 40, AUS200, DAX, Eurostock, SP500 and US Dollar. More than 250 ETF trackers are also available to benefit from stable capital gains.
The eToro app also allows you to invest in Forex with over 50 currency pairs, including EUR/USD and EUR/GBP. It also allows you to invest in commodities, such as oil, gas, gold, silver, copper and many others. Moreover, blockchain enthusiasts also benefit from a wide selection of crypto-currencies, such as Bitcoin, Ethereum, Ripple, or Litecoin among others.
eToro is also a leader in social trading. Its community benefits from numerous trading and copytrading features, which allows you to automatically copy the strategies of the most profitable and popular traders. In addition, the app also stands out for its intuitive usability, copy portfolios (asset portfolio management), OpenBook, social news feed and charts that make decision making easier.
Furthermore, eToro offers affordable fees and commissions. Stock trading is free and CFD and ETF fees are 0.09%. Moreover, there are no fees for deposits and all withdrawals are charged at €5 regardless of the amount. To familiarize yourself with the world of trading, eToro offers a free demo account. This gives you $100,000 virtual to enjoy real-time exposure to the markets to practice without losing money. A minimum deposit of €200 is required to open a standard account.
All transactions are made in dollars at eToro. There is a $25 conversion fee if you deposit in another currency.
When leverage is used, there is also a daily custody fee of 2.9% for sales and 6.4% for purchases.
If your account is inactive for 12 months, there is also a €10 inactivity fee.
Finally, the eToro account must be verified to lift the deposit limit. Thus, it is necessary to provide your ID and proof of address.
Launched in 2006, Avatrade has over 200,000 users worldwide. More than 1 billion dollars’ worth of transactions are made daily. The broker is suitable for beginners as well as for the most experienced traders. Since its inception, it has specialized in Forex and stock CFDs. It has offices in many countries : Milan, Tokyo, Sydney, Shanghai, Nigeria, and South Africa and offers an Android and iOS app. Its customer service is very responsive and supports several languages.
Avatrade allows you to trade a wide range of financial instruments : more than 600 stocks represented in CFDs, ETFs, bonds, 23 stock indices, 50 Forex currency pairs, crypto-currencies, commodities... It offers a free demo account to help beginners get acquainted with the world of the stock market and refine their investment strategies without risk. The application allows you to access all the platform's features. In particular, you can access numerous training materials, including over 50 videos and exclusive articles.
This broker allows you to evolve according to your level thanks to 4 distinct platforms : MetaTrader 4 (MT4, dedicated to CFD stocks and Forex), MetaTrader 5 (MT5, multi-asset), AvaOptions (more technical tools) and AvaTradeGO (the mobile application). The latter are equipped with highly accurate tools for detailed market analysis. The most experienced users and those who master the MQL4 language can even use and create Experts Advisor plugins.
Avatrade offers social trading features, including Duplitrade. This allows you to copy the strategies of the best traders on the platform.
At Avatrade, opening an account, deposits, withdrawals and account management are free.
Avatrade is secure and reliable, but its fees and commissions are high. Moreover, its demo account is only valid for 21 days.
In addition, its copytrading and social trading features require a minimum deposit of €2000. This platform only allows you to trade stocks in the form of CFDs.
Finally, 3 months of inactivity results in a $50 fee and $100 for 12 months of inactivity.
XTB was launched in 2002. It is an online trading specialist with offices around the world. Its application is popular with users all over the world. Indeed, the level of security and quality features based on xStation5 and xStation Mobile are undeniable guarantees for users. It allows you to trade on the foreign exchange and CFD market with an intuitive navigation interface in French. This application is compatible with android and iOS.
XTB is regulated by the major financial market regulators, including AMF, FCA, KNF, CySEC and IFSC. It has an office in Paris and its team can be reached by phone, email and chat. Its trading application offers more than 4000 financial instruments to invest in: Forex (50 currency pairs), stocks, 20 stock indices in CFDs, ETFs, commodities, cryptos and securities accounts. The XTB team offers very accurate forecasts on market trends to help traders improve their returns.
This trading platform is popular because it offers low fees, or even zero in some cases: account opening, deposits and withdrawals are free. In addition, commissions on stocks and ETF trackers are also 0% for all transactions under €100,000.
In addition, XTB offers the advantage of requiring no minimum deposit to open an account on its platform. It also offers a complete support service to train beginners in trading : Trading Academy (1000 articles + 50 hours of video training), Masterclass (webinars), Market Analysis and daily report, Good Morning Market on the YouTube channel XTB.
To start, you can also take advantage of a demo account on XTB. The interface offers free quality features: charts with direct order support, integrated trading calculator, access to market trends, heatmap, pivot points, Bollinger bands, Ichimoku...
XTB does not offer social trading features, but exclusive training. Withdrawal requests can sometimes be long.