Top Three Apps for Trading in 2022
Traders are trying their best to keep up with the latest financial market trends to quickly identify arising opportunities to profit from. Instead of staying glued to their trading stations with desktop devices, they are shifting to mobile trading. Using trading apps on iOS or Android devices allows you to trade on the move. Moreover, it is easy for traders to monitor their open positions using mobile devices and make quick decisions that benefit them.
Note that there are plenty of trading apps in the market today, and it is crucial that you find the best. Luckily, TradingGuides study of the best trading platforms in the UK lists below the top three apps for trading in 2022. However, before you choose one to trade with, ensure it aligns with your trading requirements such as affordability, asset availability, safety, reliability, etc.
1. eToro
Founded in 2007, eToro offers impeccable services to millions of traders globally. Not only is the app regulated in the US, but also other regions, including the UK, Australia, European Union, etc. In addition, it is secured with a two-step login procedure, and you only need $50 as a minimum deposit to trade the assets it offers.
eToro is also one of the best apps for stock trading since it allows you to invest in the stock market commission-free. Moreover, it features many research and learning resources for maximum potential. Newbies can enjoy eToro’s social and copy trading platform, which allows them to benefit from professional traders’ ideas and mirror their positions.
2. IG Markets
IG Markets has been existing for more than four decades, and it continues to excel as one of the best apps, especially for CFD trading. Although using it to trade is relatively costly with a minimum deposit requirement of $300, you get to enjoy outstanding resources. For instance, assets availability is more than 17,000 CFD instruments on forex, stocks, commodities, cryptocurrencies, etc. In addition, trades are executed at high speed, allowing you to take advantage of every arising opportunity for making profits.
This app also hosts a plethora of research resources, and its IG Academy is fully packed with quality learning materials. On top of that, you have access to different platforms that you get to choose from based on your experience level. These include MT4, L-2 Dealer, and ProRealTime. Finally, IG Markets is also a social trading app, connecting you to like-minded CFD traders to boost your trading skills.
3. Interactive Brokers
This is another app worth considering, especially for investors taking long-term positions. It is also one of the best for options trading and offers advanced platforms and trading tools for an exciting experience. Interactive Brokers app is user-friendly, and you can explore its offerings with a minimum deposit of $100. On top of that, commissions are low, and there is no inactivity fee. Some of the products you get to invest in include currencies, stocks, futures, options, etc.
Besides being a low-cost broker, Interactive Brokers is popular and regulated in over 33 countries worldwide. With research being a necessary procedure in strategy development, this app supports you with plenty of tools for maximum potential.
Conclusion
Whether you are getting started with trading or looking for a reliable app for 2022, the above three are a considerable choice. For instance, the apps’ market analysis tools help develop solid trading strategies. What’s more, you can enjoy unique platforms based on your skill level and maximize profitability. Remember, always choose a trading app suitable for your needs. The recommended ones above have risk-free demo accounts, so use these accounts to compare their features and test them before you start putting up real money in a live trading account.