Whether you like to trade stocks, options, or futures, there are a variety of mobile apps for Apple and Android phones that give you the ability to buy, sell, and shift risk, regardless of where you are.
Let’s check out some of the top ones and why you should consider downloading them today.
If you’re looking for a bunch of features and all of the top conveniences, then E-Trade Mobile is for you. It has voice-search technology, robust analysis tools, and even gives you the ability to move money in and out of your bank account from within the app. And despite the advanced features, the interface is surprisingly intuitive.
One of E-Trade Mobile’s biggest competitors is TD Ameritrade Mobile. It offers many of the same standard features, but also has some unique ones. For example, you can actually scan a barcode of any product you find and the app will show you the stock symbol and provide additional information.
If you’re a futures trader, the RJO Mobile Trader from RJO Futures is a fantastic resource. This mobile trading and portfolio management app is available for both Apple and Android devices and works in conjunction with RJO’s web trading platform. Some of the features include the ability to execute futures and option trades via an intuitive interface, real-time market-to-market account details and quotes, and 128-bit SSL encryption for optimal security and peace of mind.
One of the most unique and simple trading apps to ever grace the marketplace is Robinhood. This stripped-down, millennial-friendly app makes it easy for inexperienced traders to get started. It offers totally commission-free trades and no minimum balances – and it seems to be working. The average trader is just 26 years old and one in four users are first-time investors. Robinhood is definitely an app to consider if complicated platforms with high commissions frustrate you.
If you’re a first-time investor, even an app like Robinhood may be intimidating to you. After all, it’s your money on the line. That’s why some choose to start with a mobile trading platform like TradeHero, which uses virtual money and simulates real-time markets from around the world. Users are given $100,000 in cash and then get to climb the leaderboard and hone their skills.
If you look around the internet and read reviews from various websites that vet mobile trading apps, you’ll notice that Scottrade consistently comes in number one. Much of this is due to the low fees, responsive customer service, and minimalist design. Unlike other apps that feature way too many graphs, charts, and tickers, Scottrade pursues a clean design that lets users sort through valuable information without feeling overcrowded.
If you’re an options trader, then you’ll find OptionsHouse to be one of the top mobile apps around. Whether you want to monitor your portfolio, buy stocks, make options, or analyze activity, you can do it all from the convenience of your mobile device. It’s not the most intuitive app when compared with others on this list, but it is one of the best for options trading.
If you’re a binary options trader, then the mobile app you choose is incredibly important. Thankfully, this app (for Android) is one of the best. It’s simple, reliable, and uses a robot that has a strong win rate. It’s definitely worth a try.
Leverage the Power of Mobile
Whether you’re interested in stocks, binary options, or anything in between, don’t miss out on the opportunity to trade. With these powerful mobile apps, you can be an informed and strategic investor.