eToro – Best Trading AppFind Out More

68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

10 Best Stock Trading Apps 2022

10 Best Stock Trading Apps 2022

All products and services featured are independently selected by WikiJob. When you register or purchase through links on this page, we may earn a commission.

68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

A stock trading app allows you to control your finances and investments using nothing more than your phone or tablet. As more of what we do involves our smart devices, it makes sense that the stock market adopts these new trends.

Stock trading apps make trading accessible to those who may have found entry to the industry difficult.

For those who have a grasp of trading, these apps allow you to take your hobby further and create a new stream of income.

Top 10 Stock Trading Apps

Let's take a look at 10 of the best trading apps.

1. eToro

Pros

  • Regulated by FCA, MiFID, ASIC
  • No withdrawal fee for US clients
  • 0% commission on stocks
  • Social and copy trading

Cons

  • Not available in every US State
  • More expensive than most of its competitors
  • No MetaTrader platforms

Best for: Learning from others

eToro is one of the most popular online stock brokers in the UK. Over the past 15 years, it has developed a strong reputation for beginners and experienced investors alike.

The eToro app aims to be accessible to all with its easy to navigate interface. It is available on Google Play and the App Store and allows you to move seamlessly between devices.

It's innovative features include:

  • Virtual portfolio – You will receive a $100,000 demo account to begin with to help you practice and get used to the system
  • Research and analytics including ProCharts
  • Pre-programmed one-click trading
  • CopyTrader – Copy the trades of others in real-time
  • Its own social networking platform
  • Preprovided investment strategies which they call CopyPortfolios

The app boasts the ability to allow you to place online trades even if the trading platform is down.

Visit eToro

68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. Plus500

Pros

  • Regulated by the Financial Conduct Authority
  • Over 2,500 significant financial instruments
  • Negative balance protection
  • 24/7 customer support

Cons

  • Not currently available to US clients
  • No API integrations
  • CFDs only
  • No social copy trading

Best for: CFDs

This app is designed for those wanting to trade outside of the US. It is considered one of the best for CFDs on shares and has a minimum $100 deposit.

There are low trading fees but considerable fees for inactive users.

The educational section is average, as are the research tools. However, the app is easy to use overall.

This app is recommended for those familiar with CFDs and who are actively trading. Reviews of the app show that users like the:

  • Account-opening process
  • Deposit and withdrawal features
  • Customer service
  • Actual trading platform

Visit Plus500

77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3. Pepperstone cTrader

Pros

  • Extensively regulated
  • No minimum deposit
  • Low fees and mostly free withdrawals
  • Good customer service

Cons

  • No investor protection for clients outside UK, EU and EEA
  • Withdrawal fee for clients outside EU and Australia
  • CFDs only

The cTrader platform itself is intuitive and easy to use, suitable for those just getting into trading and those more experienced alike.

It is designed to offer a full replication of an institutional trading environment including depth of market.

With advanced risk management and order functionality, this is a detailed platform for trading stocks.

The cTrader app offers a premium range of order types, with advanced technical analysis tools.

You can set up push and email notifications for the important things that you want to know in relation to your stock trading needs – such as price alerts and trade statistics.

Within the app, you can:

  • Complete a range of order types
  • Work with all your accounts in one app
  • Understand detailed trade analysis
  • Review detailed order tickets – base currency dollar value and pip distance

As a platform, cTrader was created by Spotware to balance simple and complex functionality for both new and advanced traders.

There are comprehensive educational videos and explanations of symbols, as well as coding in C# and open API, so you can find optimised processing for expert advisors and indicators.

Visit Pepperstone cTrader

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

4. XTB

Pros

  • Regulated by the FCA
  • Low forex fees
  • Fast withdrawal and deposit with no fee
  • Live chat customer service

Cons

  • No US clients
  • Limited product portfolio
  • High fees for stock CFDs

Best for: Customer service

XTB was founded in 2002 and has an excellent reputation for customer service.

It has 48 currency pairs available to trade through two account types:

  • Standard – Offering market average spreads
  • Pro – Offering much tighter spreads but with added commission

XTB supports the full MT4 suite, and its proprietary platform, xStation 5, offers a user-friendly, intuitive solution that works well on desktop, web and mobile.

You’ll need a minimum deposit of £250 to start trading and you’ll find that several educational resources are available, including XTB’s trading academy.

XTB’s mobile trading app, xStation, works on all mobile devices (Android, Windows and iOs devices).

You can manage your entire account on this app with all features available.

Visit XTB

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

5. Vantage FX

Pros

  • Regulated by FCA and ASIC
  • Low forex fees
  • No inactivity fee
  • No withdrawal or deposit fee
  • Good MetaTrader add-ons
  • Social trading

Cons

  • Not available to US clients
  • High CFD fees
  • No investor protection

Vantage FX was founded in 2008 to be a transparent forex broker and has grown to include 44 forex pairs and 290 CFDs (including cryptocurrency, shares, commodities and indices).

As a broker, Vantage FX is well-regarded and considered safe thanks to regulation by ASIC and the FCA.

Vantage FX offers access to the markets through the popular MT4 and MT5 platforms, and a feature-stuffed mobile app.

There are three account types:

  • Standard STP. Perfect for novices, this is a no-commission account that works across all trading instruments, with a minimum spread of 1.4 pips. The minimum deposit is $200.
  • Raw ECN. Designed for more experienced traders, this account charges commission at $3 per lot per side but the spreads start at 0.0 pips. The minimum deposit is $500.
  • Pro ECN. This is for professional, high volume traders, and offers commission at $2 per lot per side, with spreads from 0.0 pips. The minimum deposit is $20,000.

Vantage FX is seen as a good, reliable broker that offers social and copy trading – without being prohibitively expensive in terms of non-trading costs or commission.

The Vantage FX app is simple yet powerful – and is a native application for both iOS and Android. Designed to be straightforward to use, there are customisation options available including charts, orders, and price and movement notifications.

Within the app, there is a suite of trading and investing tools including order management, a custom watchlist, several trading signals, as well as financial news and a calendar.

The Vantage FX app is an all-in-one trading tool – you don’t even need a computer at all as you can even open a trading account from within the app itself.

Visit Vantage FX

Trading Forex and CFDs involves significant risk of losing of your invested capital and is not suitable for all investors. 64.86% of retail investor accounts lose money when trading CFDs with this provider. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.

6. Moneta Markets

Pros

  • Regulated by CIMA
  • Negative balance protection
  • No deposit fees
  • Low minimum deposit
  • MetaTrader 4 and PRO Trader platforms
  • No inactivity fee

Cons

  • No customer support during weekends
  • Educational and research content not as strong as others
  • No US clients

Moneta Markets was founded in 2009. With Moneta Markets, users can trade forex as well as indices, commodities and share CFDs with just a $50 minimum deposit.

There are three trading accounts available, depending on whether you want to pay a commission and get tighter spreads or have the trading costs built into the spread. This means that True ECN accounts have a commission cost of $6 per lot, but spreads that start at 0 pips on Forex, while STP and Prime accounts have the fees built into the spread.

With Moneta Markets, traders can choose to use MetaTrader 4 and 5, as well as the proprietary WebTrader and AppTrader platforms (available for web and mobile use respectively).

MT4/5 are well known great platforms for traders with outstanding research, tools and algorithmic trading available.

The proprietary platform has a simple user interface. While that is great for beginners, there is not as much depth in the platform for those who are more advanced.

Trading tools are not integrated, and both the mobile and web app could do with some updating to be as reliable and usable as other proprietary platforms offered by similar brokers.

There is a demo account available, which allows traders to practice their strategies and work out how best to use all the functions of the platform.

The research on the platform is almost entirely third-party – other than the Moneta TV YouTube channel which has daily market briefings.

However, if you are using the MetaTrader suite there is a lot of research and analytics available through Trader Central, so the lack of in-house research on the Moneta Markets platform might not be too much of a problem.

There is an extensive Masters Course, which is a series of more than 100 videos that are suitable for beginners through to advanced traders, covering many topics and in different categories and they can be viewed and used completely independently.

The customer service on Moneta Markets is available 24/5, through email, phone and live chat.

Visit Moneta Markets

7. City Index

Pros

  • Regulated by FCA
  • Low forex fees
  • Low minimum deposit
  • Good trading and research tools
  • Social and copy trading

Cons

  • No customer service during weekends
  • Inactivity fee
  • High commission for shares CFD trading

Best for: Competitive spreads

A well-established and highly regarded UK forex broker, acquired by parent company GAIN Capital in 2014.

It currently offers 84 currency pairs across major, minor and exotics, with spreads on many majors standing around 0.8 when trading through its proprietary platform. You’ll need to deposit a minimum of £100 to start trading.

City Index provides several platforms, with its Web Trader and Advantage Apps aimed at beginner or casual traders, and MT4 and its own AT Pro platform for more experienced users.

Visit City Index

8. Degiro

Pros

  • Regulated by BaFin and FCA
  • No minimum deposit
  • Low trading fees
  • No inactivity fee
  • No withdrawal fee
  • No deposit fee
  • Web platform and mobile app are user-friendly

Cons

  • No credit or debit card deposits
  • Lacking educational resources
  • No demo account
  • No forex, CFDs or crypto
  • No customer support on weekends and no live chat

Degiro is Europe’s leading investment platform, and it started as a wholesale broker, giving low rates and exclusive opportunities to professional clients.

Now, it is one of the largest retail stockbrokers in Europe and it has its own banking licence – which is not all that common in brokers. Degiro is regulated by both BaFin and the FCA.

Opening an account with Degiro is a simple, fast process that can be completed online – you just need ID and a bank account.

There is no minimum deposit for any account type with Degiro. There are five different account types that you can choose from, including Custody, Active and Day Trader. Each account has different features, functions and services, so you need to choose the one that best suits your trading style.

There are no account or inactivity fees, but you can only deposit using your bank account – not with credit or debit cards. You may only open an account in your home currency, so you cannot have a separate account in a different currency.

Trading on Degiro is simple and straightforward, whether you are using the web trader or the mobile app. Both are well-designed and easy to use, so they are suitable for the new trader, but they lack customisation and some tools that an advanced trader would want to see.

One of the best features, especially for a new trader, is that you can see the total cost of your trade, including fees, before you execute it.

You can trade several instruments using Degiro, including:

  • 31 Stock Markets
  • 5,400 ETFs
  • 63 Bond providers
  • 649 Bonds
  • 12 options markets
  • 14 futures markets

You cannot trade forex, crypto, or CFDs with Degiro, and there is a monthly cost to trade US derivatives (options and futures).

New traders won’t find reams of education, and the lack of demo account can be a problem. However, the ‘knowledge’ tab does have a good selection of educational material, from a 10-lesson Investors Academy to platform tutorials and articles about basic strategies and products.

Visit Degiro

9. Robinhood

Pros

  • No commission fees
  • No inactivity fee
  • No minimum deposit
  • User-friendly interface
  • Trade fractional shares
  • Straightforward, simple option for beginners

Cons

  • Lacks educational and research resources
  • Only available to US clients
  • Unlikely to suit advanced traders
  • Limited product offerings
  • 24/7 customer support only via email and callback request

Best for: Millennials

This app is a favorite among millennials wanting to practice trading with small budgets. It is free to use with no commission fees.

Features include:

  • Real-time market data
  • Various investment options
  • Zero balance requirement to open an account
  • Instant access to deposited cash

While it does make trading accessible, the app lacks research and educational resources.

It is a straightforward app with limited portfolio analysis and customer service, but it does meet a trader's basic needs.

Robinhood is currently only available to traders in the US. Its UK launch was delayed in 2020 and there are no plans for a UK app currently.

Visit Robinhood

10. Fidelity

Pros

  • In-depth educational and research resources
  • User-friendly interface
  • Low trading fees
  • No inactivity fee
  • Good customer support
  • Well-established company with extensive history

Cons

  • Doesn't offer cryptocurrency or futures
  • High broker-assisted trade fees

Best for: Long-term goals

With over 70 years of trading experience, the Fidelity trading app offers:

  • Full-service brokerage
  • In-depth market research
  • Customizable feeds
  • Tailor-made content and news
  • Other functions such as savings accounts and paying bills
  • Excellent customer service
  • Commission-free trading

This app's clean, user-friendly design promises to be bug-free and has received high praise for its trade execution.

It comes recommended by CNBC for its convenience and meets the needs of almost any investor. There are 16 different currencies to choose from. The app also allows you to invest in non-US stocks and bonds.

What makes this app unique, though, is its goal-setting partner app, Fidelity Spire. Combined, the apps allow you to make both long-term and short-term investments to achieve your financial goals.

If you are looking to make investments and plan for retirement, it would be worth considering these trading apps.

Visit Fidelity

Top 10 Stock Trading Apps
Top 10 Stock Trading Apps

What to Consider When Choosing a Stock Trading App

There are hundreds of trading apps available on the Android and Apple stores, and they all have different features. Some of the apps are extensions of banks and brokers, while others are from independent developers.

When deciding on which app is best for you, consider the following:

  • Knowledge level – Some stock trading apps are designed with advanced traders as their target market. These apps come with more analytical features and fewer educational resources. Until you are comfortable with how the advanced features work, use an app with more guidance.

  • Customer service – The customer service functions vary between the apps. Some offer email support only. Others have highly intuitive AI bots that can also execute commands. If you are not great with technology, this is something you should consider.

  • Time available – Again, consider the support provided by the app. Do you have the time and knowledge to trade alone, or would you benefit from having a bot open and close orders for you? Some apps also have fees for inactive users, so you have to be sure of the time you can commit.

  • Your financial goals – Are you looking for investments for retirement to help you reach your long-term goals? Do you want to focus on short-term successes? Some apps are designed to help you achieve your long-term goals. Others are based around short-term trading.

  • How much money you have to invest – Not only do you need to know how much money you want to invest, but you also need to consider the extra costs. Many of the apps offer commission-free trading. Some require a minimum fee for opening an account. Several apps have subscription fees. There are also fees attached to every transaction you make.

  • The type of trading you want to focus on – Do you want to have access to all trading, or do you want to focus on just one type, for example, cryptocurrency? Do you want to trade in different markets or just the US?

  • Added features – Some stock trading apps come with the option to pay bills. Others have economic calendars and news alerts. A small number have open forums for you to discuss your trading.

Frequently Asked Questions

There are hundreds of stock market apps to choose from, so it depends on which features you need.

When choosing, consider your knowledge level, customer service provision, how much time you can dedicate to trading, your financial goals and what type of trading you will be doing.

For UK traders, eToro is a popular choice of stock market app for both beginners and experienced traders.

You can find a comprehensive rundown of the top trading apps here, including eToro, Plus500, XTB, Vantage FX, Robinhood and Markets.com.

eToro is a good choice for beginners looking for an easy-to-use stock trading app. Featuring a $100,000 demo account, excellent research and analytical tools, CopyTrader and a dedicated social networking platform, the eToro app boasts a clean and easy to navigate interface and can be downloaded via Google Play or the App Store.

There will always be an element of risk associated with online trading apps. Although they offer an easy way to trade, always do your research to ensure you choose one that is reasonably safe.

To reduce the risk of cyber security vulnerabilities or downloading a fraudulent app, choose one from Google Play or the App Store. Run an online search on your preferred option to check if there have been any past issues or data breaches. It is best to choose an app with encrypted firewalls and two-factor authentication to protect your transactions and funds from fraud. Ensure you have antivirus and malware protection on all of the devices you will use for trading, and never share your login information with others.

Final Thoughts

No app is created equal. Depending on the developer and the target market, features will differ between stock trading apps.

Before deciding on the right one for you, take some time to explore them. Most have no download or registration fees. Take advantage of that and have a play with them to see how you feel about the usability.

No rule says you have to have only one app. Work with a few and see which one delivers better results.

What should sway your decision is where you fall regarding experience. If you are brand new to trading, then look for one with lots of educational resources and that is user-friendly, such as Schwab Mobile or E*Trade.

If you consider yourself an advanced and active trader, choose an app with analytical tools to match, such as Interactive Brokers or MetaTrader 5.

Don't choose an app just because others use it, or because someone who has been trading for ten years uses it. Choose one that suits you and your current needs. If you opt for one that doesn't visually appeal to you or is too complex, you won't use it as much.

If you want to learn about trading, read which day trading courses are best for you.

WikiJob does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal.

68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.


Read This Next

You might also be interested in these other WikiJob articles:

Or explore the Trading / Forex sections.