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Apps for investing in the stock market are tools that make it easier to make investments. With this type of application, investors can play the stock market from anywhere in the world and at any time of the day. Beforehand, however, it is advisable to learn about the most popular apps and the offers of the brokers that provide them, in order to choose the most suitable for the needs of a particular investor.
Apps for investing in the stock market – what is it?
Nowadays, many people decide to multiply their savings on the stock markets and thus start investing in the stock market. Anyone who has even for a moment been interested in the work of a stockbroker knows perfectly well that this is an occupation that requires time, knowledge and capital schemes, in particular, controlling the economic situation in the world, as well as all the other factors that affect the movements of the financial market.
However, whether you are a broker who is professionally involved in investing in stocks or an amateur who is beginning his adventure with the stock market, it is worth paying attention to stock market apps, which are designed to coordinate all activities related to finances in the stock market.
Why use stock market trading apps?
Stock market trading apps simplify the entire procedure of managing personal finances, buying and selling stocks, currencies or cryptocurrencies online (read also: Forex currency trading). With a few taps, you can make a trade or create a future investment order. Mobile investing apps are also useful for tracking markets in real time. You don’t have to sit in front of a computer all day to know what’s going on in the market. Trading assets, especially such as cryptocurrencies, are often highly volatile and therefore instant access to prices and market information is necessary. Nowadays, life on the go is all about convenience, and all investment apps are precisely designed to provide investors with greater investment convenience.
Apps for investing in the stock market – overview
Below are the stock market programs you should use.
The adventure of investing in the stock market is worth starting with a stock market app for mobile devices. It has a basic package of different types of tools that will work well for both beginners and experienced brokers. The stock exchange program allows you to view the data of current quotations of financial instruments in the form of statistics, charts or indicators of companies that are listed on the stock exchange. Thanks to alerts, the investor can monitor information in real time. They will send information whenever an important change for the investor is made in the market.
This stock market application also offers to make an individual, personalized list of watched assets, or to create from them a clear portfolio with many different management options. Moreover, despite a lot of data constantly processed in front of the system, the clear design makes the interface clear and intuitive.
The eToro stock trading application is a popular and modern trading platform that covers many financial assets and provides brokerage services worldwide (read also: Trading platform and Online trading). If an investor is interested in the best stock market application, he should undoubtedly pay attention to it. It offers a wide selection of commodities, stocks, currencies, indices, ETFs, as well as cryptocurrencies (read also: Investing in cryptocurrencies and What is the best currency to make money on). Using the available tools, the investor can effectively keep track of specific instruments, as well as control the procedure of investing capital.
The eToro stock market application is distinguished from others by the presence of social investing, as well as non-automated investments. Within the framework of community investing, the eToro application provides customers with the possibility to copy the movements, as well as all the market activities of other brokers using the CopyTrader system. The trading program supports this process by sending users such data as risk level, account contents and profit percentage, among others. The application also allows users to use ready-made investment portfolios, the so-called SmartPortfolio.
This solution is based on the activities of top brokers at eToro and includes specific market strategies. In turn, users who invest their money in, for example, Bitcoin, will certainly be interested in the fact that the functions available in the application also guarantee efficient management of many types of cryptocurrencies.
The Plus500 brokerage application is a modern trading tool that opens access to investments in a large number of popular markets. It is a stock market program that, compared to its predecessors, is the best offer for beginners, especially due to the transparency of functions, as well as the simple layout of the statistics view.
Information that pertains to a specific financial item includes the basics, such as the name of the instrument, the selling and buying price or the highest and lowest recorded value, but also more complex parameters, such as leverage, unit amount, initial and maintenance deposit, etc. Plus500 also offers free text message and email alerts, as well as the option to check current exchange rates. What’s more, the Plus500 application places a strong emphasis on the simplicity of executing trades, as well as on reducing costs.
This is a stock market buying application that is an innovative investment solution that offers access to a large number of markets, such as Exchange-Traded Funds, Forex, indices or cryptocurrency funds. The XTB is easy to use and allows full customization to suit your preferences. Because of its advanced trading calculator, users are able to execute orders in no time, as well as track live statistics. Its creators also emphasize the safety of customers, which is why the system is controlled by the largest financial supervisory authorities. The platform for investing in the stock market is characterized by a modern and clear interface, which means that both novices and advanced traders can cope with its operation. The platform also provides an educational section.
This is a London-based broker that allows you to invest in stocks, as well as CFD instruments such as commodities, cryptocurrencies and currencies (read: How to invest in currencies online). This stock market app is one of the most popular around the world and has been downloaded more than 12 million times. Unfortunately, it does not offer support in multiple languages, so a good knowledge of English is crucial in this case.
Ultimately, this app was created for so-called millenials, as they are the largest demographic group that uses smartphones for trading and investing. It also became popular very quickly because of cryptocurrency trading, as it features a no-fee structure and currently has as many as tens of millions of users, with the number constantly growing.
The Robinhood exchange application is commission-free and features an accessible interface. It can be used by beginners who have little capital. However, for more advanced investors, its simplicity will be a disadvantage, who need better analysis capabilities, as well as access to data. But on the other hand, this application does not have high requirements for the size of investment positions, so it allows very small transactions (read also: How to invest small amounts of money and How to invest in the stock market).
It also has an easy deposit system, and offers instant access to funds. However, on the other hand, the commission-free service also needs to make money, and in this case it is offset by higher spreads, especially evident with some cryptocurrencies. Prices can also lag a bit behind other real-time data providers.
This stock market app launched in 2019 and offers leveraged cryptocurrency trading with up to 100 times leverage. It offers a wide range of tools, charts, trading signals, as well as the ability to execute trades quickly, which is necessary especially for risky leveraged trading.
There are several deposit methods, including debit and credit cards. Commissions on deposits made are zero, and commissions on trading rank rather lower considering other apps. Stormgain also provides the platform for desktop, iOS and Android. It also offers a demo account for those who want to practice investing in the stock market in this way first.
This stock market app offers comprehensive, high-level brokerage services for beginners, as well as those focusing on long-term and retirement investments. The app works on IOS, Android and Amazon devices. Fidelity offers zero commissions on certain over 3,500 mutual funds, and the platform is very easy to use.
This stock market investment app can also be used confidently by advanced investors. The company boasts a good reputation and a reliable customer service center. It works well for the stock market in particular, due to its cooperation with 20 third-party data providers. However, the application has a few drawbacks, such as high brokerage transaction fees (read: Brokerage account for beginners).
This is a giant cryptocurrency exchange that offers an application for buying as well as selling digital assets. For beginners, it has long been a staple for cryptocurrency trading. This investment program is easy to use and designed for those who have no experience with more sophisticated investment platforms. For this reason, it is ideal for new cryptocurrency traders and investors. The app allows instant buying and selling, including using debit cards, as well as providing up-to-date cryptocurrency rates.
Loyalty bonuses are available, as well as programs designed to earn extra money through education, as well as solving tests that address the issues presented. However, it is worth knowing that Coinbase periodically experiences downtime under considerable strain when markets are not stable, and charges some of the highest commissions in the industry.
The best app for investing in commodities, currencies and raw materials
With the help of an app for playing the stock market, an investor can invest funds in instruments that are available on the financial markets, but also on the commodities, raw materials or Forex markets. Accounts from eToro, XTB, Plus500, DEGIRO or TMS Brokers provide access to them and can work great as mobile trading tools.
However, it is worth remembering that at DEGIRO with leverage the trader can trade through futures contracts, while at the other brokers with contracts for difference.
At the mentioned brokers, the most popular currency pairs, gold (read: Gold investments or Investing in gold), silver (read: How to invest in silver), gas, oil or other commodities are available. Their offers differ in terms of less popular instruments, as well as in terms of available leverage or spreads.
In the case of the latter, the differences are not particularly large, but with active trading and transactions for high amounts, they will matter. It is also worth remembering that no broker will provide the investor with the lowest spreads on all financial instruments. So, each investor must analyze for himself where he will have the best conditions for trading currencies or commodities in which he is interested.
The best application for investing in currencies
All of the above-mentioned brokers, in addition to DEGIRO, also offer the opportunity to trade in cryptocurrencies. However, it is worth bearing in mind that it is done through CFDs, in other words, in this case the investor does not acquire actual cryptocurrencies. As far as crotktoewmin trading is concerned, it does not matter much, but if the investor wants to invest in them for the long term, it is better to bet on real cryptocurrencies, which can be stored in any way and transferred to the desired location.
Special apps for investing in cryptocurrency exchange, offer all major cryptocurrency exchanges. Taking into account user ratings, as well as our own experience, we can conclude that Binance and Crypto.com are the best, but the former offers much more investment opportunities, as well as lower transaction commissions.
With the help of the Binance mobile application, the trader can also trade options and futures on cryptocurrencies, where the leverage can be as high as 125. In this case, the minimum deposit required is much lower than for CFDs on cryptocurrencies from the offer of standard brokers, which allows trading with sky-high risk. In turn, placing orders, analyzing charts or using technical analysis tools looks very similar to the brokerage application.
What to pay attention to in order to choose the best stock market app?
To choose a good app for investing, it is useful to know some important elements to pay attention to, especially if you are inexperienced:
- Security – this is one of the most important issues to pay attention to. The broker the investor uses should be regulated and supervised by the relevant authorities.
- The markets in which he intends to transact – however, the question is likely to be one that many beginners will not be able to answer right away (read also: Stock market investments for beginners). However, it is worth considering before deciding on an application for playing the stock market, as it may turn out that the investor wants to invest capital in the home stock market, while the broker offers access only to the US market, or vice versa,
- Usability of the application – the program should be easy and accessible to use, this applies in particular to people who are new to investing in the stock market,
- Speed of account opening – if the customer cares about time, he should opt for a broker that offers to open an account in a few minutes, without many unnecessary formalities and documents,
- Fees and costs – it is worth comparing several different offers in terms of transaction costs, which are charged for making transactions.
The best stock market app – what should it have?
In fact, a good intermediary is half the success in this industry. For this reason, it is worth choosing your partner with your head. In order to make the task easier for the investor, the main features that a good stock market app should have are collected below.
A wide selection of assets
In this case, the matter is simple. The larger the range of assets included in the app, the more options an investor has. Even if at a certain moment he wants to invest, for example, only in the stock market or Forex, in some time his interests may expand a bit (read also: Forex investments and Forex market or Online forex).
For this reason, it is advisable to choose an app that offers a variety of assets at the outset, and he won’t have to change it if such a situation were to arise. The best stock market apps offer a wide range of currencies, stocks, ETFs, stock indexes, cryptocurrencies and commodities. Having everything in one place makes things easier for beginner investors, and even more so for advanced ones.
It’s also worth checking which exchanges a particular app covers. If an investor is interested in trading on a stock exchange, for example, he should know that a small part of brokers include securities of exotic countries in their offer.
Of course, the cost of trading is a very important issue when it comes to investing in the stock market and when choosing a broker (read: Forex broker and Making money on forex). Every investor pays attention to them, as they directly affect the potential for future profits. In turn, the best apps for investing in the stock market are those where the investor will pay the least.
When it comes to long-term investments, transaction fees are not so important, but they become very important for experienced investors who systematically buy and sell assets.
However, the value of knowing that most apps have inexpensive offerings. This is due to the fact that, unlike standard banks, online brokers do not have large staff costs, and do not have to maintain large payment systems.
Because of this, they operate much more efficiently and can offer better trading conditions to investors. In the end, prices are also influenced by the high level of competition in the industry, which causes companies to come up with more and more attractive proposals.
In addition to the amount of fees, their transparency is also important. A good intermediary makes available with the help of its website the entire list of prices and services that are charged with commissions, that is, it does not hide costs from clients.
Rates and real-time information
As they say, the market never sleeps. This is true and is associated with very significant price movements over a short period of time. The reason can be:
- Publication of market data,
- Natural disasters,
- Monetary policy decisions.
Therefore, both beginners and advanced investors need up-to-date information on the stock market. Without this it’s hard and success and systematic profits. The best Apps for investing in the stock market always offer insights into current prices, and provide the necessary financial news.
Price alerts are also important, informing the investor of a big change in the price. As with costs and fees, keeping track of prices in real time is much more important for active investors and for short-term investments. A large jump in the price sometimes requires an immediate reaction, as every second counts.
Friendly interface and quality of service
Using such software that is difficult to use will not only be tiresome, but will also make it difficult for an investor to enter a trade. Mobile trading should be easy, fast and convenient. After all, the trader will be using it on a regular basis.
The best trading apps offer very intuitive navigation and a simple menu where all the important functions can be found and he only needs to spend a few clicks. This way he will not only be able to react quickly to sudden market changes, but will also enjoy returning to the world of investing.
Free demo account
Many beginners are afraid of stock market investments, but on the other hand realize the profits they can generate. If the interested person falls into the second group or does not yet have experience, he will do well if he first uses the demo version of the platform (read also: Forex demo account and Forex for beginners).
There he will find all the functionalities of the real account, but he will be able to test it without the risk of losing money. Good apps for investing in the stock market offer a free demo account (read more: Forex demo and Forex trading). It will serve not only to try out the functions of a certain software, but also to test different investment strategies.
Educational issues are also worth addressing here. If the investor is at the beginning of his journey, he will certainly find additional training materials useful. It is worth checking whether the selected broker offers them.
Apps for investing in the stock market and their investment opportunities
Stock market investment apps offer unlimited possibilities in the world of financial investments. After all, an investor can buy and sell assets with just a few clicks. In addition, one can easily find an app on the market that meets the user’s needs, no matter what financial instruments he is interested in. What will he easily be able to invest in via his phone?
Trading in the stock market is the most popular form of investment. As a share owner, the investor acquires the right to a portion of the company’s capital, dividends, as well as participation in general meetings of shareholders. At them he can take part in voting on the future development of the company.
Although the number of investors who invest in stocks is still not high, the wealthy ones usually actively participate in the market. Securities are often grouped in indexes, which offer a broader view of market developments. Based on these, an investor can most easily find out which Stock Market Investing Applications contain companies of interest to the investor.
For example, if an investor wants to buy and sell shares of reputable technology companies, such as Facebook or Google, the NASDAQ index must be present in the broker’s offering.
The most liquid and largest market in the world is the forex market. The daily volume of the foreign exchange market exceeds $6 trillion. On Forex, rates change constantly, and currencies are always available in pairs.
Moreover, unlike other markets, there is no single central trading center. Currencies can usually be bought and sold OTC. This means that transactions are handled by a special digital network and computers.
Forex is also distinguished by its opening hours. In the foreign exchange market you can make transactions 24 hours a day, 5 days a week.
Over the past few years, cryptocurrencies have gained tremendous popularity and their own market has been established. Blockchain networks, such as Bitcoin, serve not only for investment purposes, but also act as a new way to transfer funds.
In particular, cryptocurrencies are distinguished by their decentralization. In most cases, cryptocurrencies have no institution that oversees them. It’s just code and a blockchain network that users maintain. In addition, many digital currencies have a limited issuance in advance, and this protects them from the risk of inflation.
Since 2017, the cryptocurrency market has gained tremendous value, and lots of people have started investing in them. Currently here, large and frequent changes in the exchange rate on the one hand are associated with risk, and on the other hand, they offer much greater earning potential, comparing with other assets. This is one of the best advantages of the cryptocurrency market. Another advantage is that the investor does not have to buy the entire coin. For this reason, if a bitcoin costs $40,000, for example, an investor can purchase only a fraction of it.
Apps for investing in the stock market also allow investors to invest in contracts for difference, or derivatives. The way they work is that two parties to the contract agree to cover the exchange rate difference in a specific asset that has arisen in the period between the conclusion of the transaction and its completion.
In the simplest terms, when trading CFDs, a trader speculates on the exchange rate. He does not have to physically buy a specific asset. This allows him to make money in many markets, such as commodities, stocks or cryptocurrencies (read also: Best CFD broker and CFD Trading).
Trading assets in the form of CFDs is great for investors, as it allows speculation not only on price increases, but also on price decreases. What’s more, it gives you access to leverage, which allows you to multiply profits, but also losses.
Advantages and disadvantages of stock market apps
If an interested party is still wondering whether a stock market investment app is a good option for him, he should know its advantages and disadvantages, which will help undercut the right decision.
The advantages are:
- Easy to use,
- Low entry deposit,
- No account maintenance fees,
- Ability to trade anywhere in the world and at any hour,
- Constant access to up-to-date market information.
- Usually less choice of securities,
- Stress that comes with constant access to the stock market,
- Lack of advanced analytical tools.
Continuous expansion of knowledge
Stock market investment is associated with continuous expansion of knowledge in this area. Every novice investor should acquire the basics of investment knowledge and become familiar with the most important concepts. Training in this area should continue all the time. It is worth taking part in training courses and webinars that will introduce the investor to the world of the stock market (read also: Forex training courses).
You can also gain knowledge from articles and ebooks. There are many interesting and useful materials available on the Internet that an investor can use. Applications for investing in the stock market also offer a training section so that investors can expand their knowledge in the course of using a broker. When deciding on a particular tool, it is worth checking out the educational section. This is especially important for new investors.
This is the most difficult and yet most useful skill for investors – making transactions in cold blood. When it comes to investments, being guided by emotions unfortunately does not bring positive results. Even if for a moment the investor generates profits, in the long run being guided by emotions does more harm than good. Although this is not an easy skill to develop, especially at the beginning, it is worth trying to act in this way.
Testing the platform on a demo account
Before getting into real investments, it is worth spending some time playing on a demo account. Currently, almost every broker offers a free demo account, where, depending on your choice, you can play for a few months or indefinitely. This allows the investor to get acquainted with the functions of the application, the rules of investing, and at the same time he will not lose his money when he trades virtual funds on it.
Investing as much as you can lose
A player should allocate to investing in the stock market such a sum of money that he can possibly lose and it will not affect his financial situation. Do not allocate to investments funds that are needed for current expenses, fees and other important things. The worst thing to do is to borrow, for example, from a loan company or relatives to invest in the stock market. In that case, it is already gambling, not investing.
Acceptance of risk
Investment risk is inherent in stock market investments, so any person who starts investing in the stock market should realize that he or she may lose the invested capital. Moreover, with most beginners losing their first invested funds, however, one should not be discouraged. You can practice longer on a demo account.
Plan of action
Investing in the stock market should be based on a chosen investment strategy. It is not worth acting without a plan, as it does not bring positive results. The two most popular investment strategies are day trading and swing trading. The former involves short-term investment in the stock market, while the latter involves long-term investment. In the first case, more time needs to be spent on investing, as investors who choose this strategy open and close as many as a dozen or more in a single day.
Swing trading, on the other hand, is a good choice for people who would like to take up investing additionally and do not have so much time to make investments. In this case, it is enough to look at the portfolio only a few times in a couple of months.
The financial market is constantly evolving, as you can easily see. Now it is going a step further again. Investors don’t want to sit in front of computer screens all day, so they carry smartphones and Apps for investing in the Stock Market, which allow them to monitor the market and make quick transactions.
This type of software is associated with great convenience, as it allows investors to trade wherever they want. This is a big plus, especially for active traders, as they can always be up to date with market changes thanks to price alerts. In addition, modern brokers tailor their applications to the needs of investors. They feature a simple interface, which will be appreciated not only by beginners, but also by experienced investors.
Applications for investing in the stock market are very useful and convenient tools for making investments. They allow you to invest in the stock market anywhere in the world and at the time of your choice. However, before deciding on an app, it is worth looking at the offers of brokers and the conditions they offer to their clients. It is best to bet on regulated and well-known brokers that have a good reputation.
Are Apps for investing in the stock market safe?
Yes, if the investor chooses a reputable and regulated broker. Beforehand, it is a good idea to check the reviews of the chosen broker.
How much money does an investor need to start?
In some cases, a trader needs as low an amount as 1 EUR to start. However, it is worth taking into account that the amount of the minimum may vary from broker to broker.
Which trading app is the best?
The best application for playing in the stock market is distinguished by the fact that it meets the needs of the user. It is worth paying attention to the above-mentioned elements and try the selected application on a demo account.
How to invest in the stock market?
In order to effectively invest in the stock market and generate profits, it is worth knowing some good tips and rules that, when implemented, will help you invest much better in the stock market.