With more and more people willing to dip their toes into the wide world of trading and investing, convenient trading on the go seems to be on the rise. Most big brokerages have introduced their own mobile trading apps while some companies seem to specialize in mobile trading. The common things between all of these mobile apps seem to be their efficiency, accessibility, and beginner-friendliness. However, the most popular apps out there seem to rely on more than just good looks – some of them are highly functional and can catch the attention of even the pickiest professionals looking for a mobile trading experience.
1. MetaTrader 4 – 10m+ downloads, 778 000 reviews, average rating: 4.7
MetaTrader 4 needs no introduction for most traders – this has been the most popular platform in the industry for years and the popularity of its mobile version is not highly surprising. The app offers everything traders are used to expecting from MT4’s desktop and web versions – an impressive charting and analysis package (30 technical indicators, 9 timeframes, 24 analytical objects, and 3 types of charts) and multiple order execution types and pending order types. You would be able to run Expert Advisors, set signals, purchase add-ons on the MT market, connect with a huge community of traders, and get recent financial news. MT4 is mostly used for trading forex but provides access to other markets through CFDs – indices, commodities, and cryptocurrencies to name a few.
2. MetaTrader 5 – 10m+ downloads, 338 000 ratings, average rating: 4.8
MetaTrader 5 is another well-known trading platform whose mobile version is widely popular among traders. According to recent statistics, the platform is currently used by more people than MT4, and its popularity is only expected to grow in the future. MT5 builds on and improves on what MT4 has to offer – the app provides access to 38 technical indicators, 21 timeframes, 24 analytical objects, and 3 types of charts as well as all of the features you will find on MT4, and more. The app is faster and more efficient and provides access to far more markets – forex, stocks, commodities, futures, and options. The choice between the two platforms depends solely on your needs and preferances – if you are a more advanced trader looking for exquisite additional tools, MT5 is definetly the platform for you.
3. Robinhood – 10m+ downloads, 453 000 reviews, average rating: 3.8
Robinhood is a trading app that has gained immense popularity in the past few years due to its hip, modern looks and offer of beginner-friendly investment opportunities. The app allows you to buy and invest in stocks, options, ETFs, and cryptos (Bitcoin, Ethereum, Shiba Inu, and Dogecoin) for as little as $1, and offers commission-free trading. Robinhood has also introduced its own debit card and offers free fraction shares of different companies if you refer a friend. The app is certainly very accessible and offers access to real-time market data. However, if you want to get regular news about current events or in-depth research reports, you would have to be willing to pay additional fees. If you are an active, experienced trader you would probably be disappointed by the limited analysis tools and the low range of assets Robinhood provides access to. All in all, this is a platform that is mostly good for beginners.
4. ExpertOption – 10m+ downloads, 215 000 reviews, average rating: 4.5
The trading app offered by the St. Vincent and the Grenadines-based broker ExpertOption is surprisingly one of the most downloaded and reviewed apps on both Google Play, and Apple Store – according to the broker, it ranks among the most popular finance apps in 47 countries. The app offers the user-friendly, accessible interface you would expect from such software but the number of assets you would be able to trade is disappointing. You would get access to around 100 tradeable symbols including currency pairs, a decent number of stocks (Apple, Facebook, Google, Tesla, Amazon, Microsoft, etc.), a few basic commodities (gold, silver, oil), the most popular cryptocurrencies, and a few indices. When it comes to the charting and analysis package Expert Option’s app provides, it is quite limited, especially compared to what MT4 and MT5 have to offer – only 8 indicators and 4 chart types. However, most traders would probably be pleased to know that the app features a social trading solution and adequate educational tools.
5. Webull – 10m+ downloads, 169 000 reviews, average rating: 4.3
Webull is another accessible, easy-to-use app that offers a low-cost gateway to trading and investing. You can open an account for whatever amount of money you want and trade popular assets such as Forex, Stocks, ETFs, Options, and Cryptocurrencies commission-free. The app is a chic offering for investors who are just testing out the waters but also provides some decent trading tools which would please more experienced clients. Webull offers 50 technical indicators, and an impressive number of charts, and graphs – something we are not used to seeing on such mobile trading apps. This way, the app combines the best of both words – slick, modern look, and functionality. Some disadvantages clients should be aware of are the lack of extensive educational tools, and of certain popular assets such as bonds and mutual funds.
6. Trading 212 – 10m+ downloads, 119 000 reviews, average rating: 4.7
Trading 212‘s mobile app ranks as one of the most popular trading apps in the UK – which is understandable considering the affordable investment options Trading 212 offers. There is no minimum deposit, no inactivity or withdrawal fees, and deposits are free up to €2000. There are also no commissions on certain assets – however, commissions for trading other assets, like forex, are actually quite high. The broker’s app is convenient and well-designed and pretty straightforward which is why it would definitely be found appealing by all sorts of investors. The number of assets the app provides access to is also quite decent – over 10 000 instruments, including Stocks and ETFs as well as CFDs on Stocks, Forex, Gold, Oil, and Indices. Some traders might not be impressed by the range of markets Trading 212’s app offers but for those eager to trade and invest in stocks and ETFs, the app is a more than acceptable offering.
7. eToro – 10m+ downloads, 117 000 reviews, average rating: 4.3
eToro has been gaining a lot of popularity in recent years due to the compelling conditions it offers. The broker’s mobile app is no exception – it is prompt and easy to use as a mobile app should be but provides access to an extremely impressive range of markets. The broker offers over 3000 tradable assets including forex, stocks, cryptocurrencies, CFDs on stocks and cryptocurrencies, and ETFs. eToro has also become popular for its social trading solution which allows you to copy the portfolios of successful traders. The app offers enough charting and analysis tools to keep experienced investors satisfied. Although the broker asks for a tiny minimum deposit of $10 and some of its commissions are quite low, its non-trading fees are on the pricier side as commission for trading forex and CFDs. Algo trading is also not supported.
8. Plus500 Trading – 10m+ downloads, 100 000 reviews, average rating: 4.3
Plus500 is another very popular broker that offers its own mobile app – Plus500 Trading. The app is robust and powerful and will surely be a good choice for both beginners looking for a good app to learn on, and more experienced traders trying to access a decent number of charts and analysis tools. Plus500 offers competitive prices as well as nearly 2000 tradeable symbols. You would be able to trade forex, commodities, stocks, indices, ETFs, options, and cryptocurrencies.
9. Capital.com – 1m+ downloads, 33 000 reviews, average rating: 4.6
The mobile app of the well-respected broker Capital.com also lands a spot on our list. This probably has something to do with the fact that the broker itself offers good conditions and a solid trading experience. The app is dynamic, available in a huge number of languages, and offers a decent number of functions – you would be able to set signals, for example. The range of assets you would be getting access to is also decent – over 3700 instruments including all currency pairs, a large number of stocks and stock CFDs, major commodities, and indices.
10. XTB – 1m+ downloads, 25 000 reviews, average rating: 4.6
Finally, we have to mention XTB’s mobile trading app. The range of markets the app provides access to is truly impressive – over 2100 instruments including forex, indices, commodities, stocks, ETFs, and cryptocurrencies. You would also be getting access to 10 technical indicators, different chart types, and drawing tools. Clients would be able to customize their experience, set signals, and access features such as economic calendar, trader’s calculator, and get market news, and professional analysis.