konversi_timezone(20 Sep 2021 0:30, America/New_York, 'full date') Best Brokers with Mobile Apps for Trading on the Go
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Best Brokers with Mobile Apps for Trading on the Go



Sep 20, 2021  
Brokers with mobile apps are gaining more popularity nowadays as they provide simplicity and flexibility. Which brokers offer the best mobile apps?

The term mobile trading refers to the use of wireless technology in trading. Plenty of mobile trading apps allow traders to access trading platforms from their smartphones.

For your information, mobile trading apps in this article refer to apps that are developed by the brokers themselves. Some broker mobile apps only let traders access the trading platforms, but others allow full control of their accounts.

So, which broker with mobile apps is the best for trading on the go?

  • eToro: Copy trading available.
  • OctaFX: Deposit and withdraw through various methods in mobile apps.
  • Exness: Offers utilities such as trading, analysis, and many more.
  • AvaTrade: Allow traders to watch the market and process deposits.
  • XM: Manage account on the go.
  • FBS: Open positions and manage accounts.
  • FP Markets: Easy technical analysis at traders' fingertips.
  • easyMarkets: Feature a free demo account
  • Vantage FX: Technical indicators and analysis available.
  • Xtrade: Equipped with advanced technical analysis tools.

What else can traders get from the brokers above?

 

1. Exness

Exness is a broker founded by a group of professionals and was established in 2008. Since then, they have grown immensely and have 145,400 clients worldwide. Exness is widely known by CFDs traders and currently offers different kinds of instruments ranging from metals, commodities, forex, and many more.

Exness is also one of the best brokers with mobile apps to support trading on the go for all kinds of traders. Their applications offer utilities such as trading, analysis, deposits, and withdrawals. Exness claims easy registrations, fast deposits, and 24/7 support to help their mobile traders. They also ensure clients receive the latest fundamental news from their built-in economic calendar.

 

2. FBS

FBS is an international brokerage that was founded in 2009. With more than 17,000,000 traders worldwide, it is safe to say that their experiences are more than enough. More than trading products, this broker offers educational materials for their clients, a lot of account types such as standard, micro, and cent.

It's no question that FBS has become one of the best brokers with mobile apps, as they take the mobile trading trend very seriously. Their apps not only allow traders to open positions but also manage accounts, as well as offer full statistics. This app also granted traders the ability to customize leverage, VPS security, bonuses, and etc.

 

3. eToro

eToro is a multi-asset broker that was established in 2007 and now has served clients all over the world. This broker offers 0% commission and free insurance for their traders. For those who love social trading, eToro is the best broker. They have the largest community of traders and investors of over 20 million in over 140 countries.

eToro is also one of the best brokers with mobile apps on Google Play. Their mobile apps include features such as trading, copy trading, and access to different instruments like forex, stocks, commodities, and cryptocurrencies. This broker makes sure clients can check their portfolio anytime.

 

4. OctaFX

Another broker with a good-performing mobile app is OctaFX, an STP broker based in St Vincent and Grenadines. As a well-known broker, OctaFX has proved to be an excellent choice for all kinds of traders. Their most popular features include tight spread, 50% deposit bonus, no commission fee, and many more.

OctaFX realizes that more and more traders are switching towards mobile trading, so they created a mobile app. This application allows traders to trade and manage their accounts from one app. They can also invest via virtual accounts and use many payment methods to deposit and withdraw funds. For those who want to try copy trading, OctaFX also introduces a special app dedicated to copy traders. This app lets traders choose who to copy from and track their investments.

 

5. AvaTrade

Established in 2006, the AvaTrade experience is not to be underestimated. This brokerage offers all kinds of instruments to trade, such as crypto, commodity, and of course, forex. Aside from presenting desktop trading platforms, they provide a mobile app to their mobile traders.

For a good reason, this broker even won the Global Forex Awards of 2020 for Best Forex Mobile Trading Platform/App-Global. There are more than enough features to enjoy with their mobile applications. For example, traders can trade with mobile apps, watch the market, and process deposits.

 

6. XM

XM brokerage claims to have had over 5,000,000 clients since its founding in 2009. They cared for their clients by providing 24/5 support with over 30 languages in live support. XM offers different products, such as CFDs, stocks, indices, commodities, and forex. Right now, this brokerage also focuses on its mobile traders.

As a broker with a mobile app, XM provides different kinds of features for trading on the go. This application allows traders immediate access to their accounts straight from their smartphones. They can also manage accounts on the go, including deposit funds and withdrawals. XM mobile apps have a very simple user interface for easier use.

 

7. FP Markets

This brokerage offer client the convenience of CFD trading across several instruments such as forex, shares, indices, and many more. FP Markets is a great choice for traders who like small spreads. This broker has been regulated by the Australian Securities and Investments Commission (ASIC) and has won more than 40+ awards in the field of execution technologies.

Is FP Markets a broker with mobile apps? Surely it is. Their app allows instant access to the market and provides excellent tools for technical analysis at traders' fingertips. The simple and easy-to-use interface also makes their app suitable for all kinds of traders.

 

8. easyMarkets

easyMarkets offers an easy, transparent, and accessible trading experience for their traders. This broker was founded back in 2001 and now has gained more success. Over the year, easyMarkets has expanded its CFD offerings to include global indices, energy, metals, and many more.

As one of the best brokers with mobile apps, easyMarkets allows mobile traders to access more than 200 instruments on their hands. This app features a free demo account for new traders to practice and learn without risking any money. easyMarkets also provides top trading tools and updates traders with their easy account monitoring.

 

9. Vantage FX

Another broker with a mobile app to consider is Vantage FX. This broker was founded in 2009 by financial professionals. This brokerage claims to have over 50,000 active clients all over the world. With more than 300 CFD instruments, including forex and commodities, this broker is perfect for CFD traders.

Clients can trade CFDs from Vantage FX mobile app as well. Technical traders will love using this app because this broker allows many types of technical indicators in their mobile app. Market analysis is also provided to help traders create their best strategies and understand the current price situation. In addition, customer support is available 24/7 in multi-language.

 

10. Xtrade

Xtrade is not a new player in the market. They have been around for 10 years. This brokerage has been home to clients in more than 25 countries. They offer CFD trading, stocks, forex, commodities, and other instruments. Xtrade promises 24-hour support to make sure its clients are served well, and offers fascinating promotions in a welcome bonus package.

Being one of the best brokers with mobile apps, Xtrade makes sure its user experience is easy, fast, and intuitive. Trading with this broker means no commissions and secure payments as well. Traders can customize alerts and notifications according to their needs. Advanced technical analysis tools are provided to maximize the traders' experience.

 

Benefits of Mobile Trading

There are plenty of benefits of mobile trading, which is why this method gains even more popularity nowadays. For example, a broker with mobile apps usually provides traders with live market data as well as live-related news. That means, traders can review their portfolios anytime they want and take a brief idea about their assets' performance.

Most brokers with mobile apps also provide them as trading platforms as well. It allows traders to access their positions as well as placing market orders without having to turn on the computers. In fact, some premium apps present analytical tools and trading signals on mobile applications. To conclude, mobile apps provide quick and easy access to the market for busy traders.

 

Mobile Trading Limitations

That being said, mobile trading also has its drawbacks. For example, some apps have restricted access to some instruments and analytical tools. This means traders' choices will be limited if they trade from a mobile app. Another drawback is the small screen; this can be discomfort for traders who normally use a computer or laptop.

Connectivity issues can also be a problem for mobile trading, especially if the trader often visits remote locations without connectivity. Furthermore, a slow-speed smartphone can contribute to trouble during transactions. Not to mention it can cause your orders to be.

 

After Thought

As the world leans towards digitalization, mobile trading is becoming increasingly popular. Most brokers realize their traders wish for a flexible trading experience to support their busy lives. More traders are looking for brokers with mobile apps for more flexible trading activities. But even though there are plenty of benefits for traders with mobile apps, there are also some limitations. For this reason, some traders should maintain their access to desktop trading platforms while using mobile apps for quick trading.

 

Mobile trading is very popular among crypto traders. Beside those brokers above, a popular trading provider such as IC Markets also offers IC Markets.


4 Comments

Osmane

Jan 18 2024

I find the mobile apps discussed in this article particularly intriguing. I share the concern highlighted about the challenges posed by the smaller screens of mobile trading apps, making it difficult to analyze candlestick graphics and employ analytical tools effectively. The limited screen size creates a hindrance for traders in utilizing these features.

However, what caught my attention is another point mentioned in the article, stating that mobile trading has its own downsides. Specifically, some apps impose restrictions on access to certain instruments and analytical tools. This implies that traders using mobile apps may encounter limitations in their choices. The question arises: why do some mobile trading apps restrict access to certain instruments and analytical tools?

Jeremy

Jan 20 2024

Hey there! Let me explain to you about the questions that you have been asked. So, the restricted access to certain instruments and analytical tools in some mobile trading apps can be attributed to several factors. One primary reason is the complexity and resource-intensive nature of certain financial instruments and tools. Mobile devices may have limitations in processing power, memory, and screen real estate, making it challenging to provide seamless access to all features.

Additionally, security concerns play a crucial role. Some advanced analytical tools and financial instruments may require robust security measures, and implementing them on mobile platforms might pose potential vulnerabilities. To maintain a balance between functionality and security, developers may choose to limit access to certain features on mobile apps.

Furthermore, user experience is a key consideration. Developers may prioritize the features that are deemed most essential for on-the-go trading, streamlining the mobile app interface to provide a more user-friendly experience. This decision-making process can lead to the exclusion of certain tools and instruments that may be perceived as less critical for mobile users.

Jeremy

Apr 24 2024

Hey, do you think the specifications of our mobile phones can impact our mobile trading experience? I read that using a slow-speed smartphone can lead to issues during transactions, potentially causing delays or even missed orders due to connectivity issues. But since trading apps are involved, I'm curious: can the specifications of our phones really make a difference, and what's the ideal phone specification for trading?

I mean, it makes sense that a faster phone with better processing power and a stable internet connection would provide a smoother trading experience. But I wonder if there's a specific standard specification that traders should aim for when choosing a phone for trading purposes. After all, we rely heavily on our phones for trading on the go, so having the right specs could make a significant difference in our trading performance. What do you think?

Afgan

Apr 26 2024

When it comes to choosing a smartphone for trading, you want one that can handle the demands of the task. Look for a device with at least 4GB of RAM to ensure smooth performance, especially if you're running multiple trading apps simultaneously. A fast processor, like those found in Qualcomm Snapdragon or Apple A-series chips, ensures quick order execution and chart loading times.

A stable internet connection is crucial for uninterrupted trading, so opt for a phone with reliable 4G LTE or 5G connectivity. A clear and spacious display is also essential for easy viewing of charts and order placement interfaces.

In summary, prioritize a smartphone with sufficient RAM, a fast processor, reliable network connectivity, and a high-quality display for optimal trading performance on the go. By choosing a device with these specifications, you can ensure a smooth and efficient trading experience, helping you stay on top of the markets wherever you are.