Best Trading App [Top list 2021]
Published: 4 January 2021 by Andrew
Which is the Best Trading App? Here is the updated ranking with the best Trading Apps currently on the market:
Min. Deposit: 50€
Min. Deposit: 100€
Min. Deposit: 50€
Min. Deposit: 250€
Min. Deposit: 100€
72.30% of retail CFD accounts lose money
Min. Deposit: 250€
We have exclusively selected Trading Apps that are easy to use, even for beginners, safe and completely free (without commissions).
These Trading Apps often offer additional services that are particularly useful for beginners and can really make a difference.
eToro is one of the most used Trading App worldwide. In addition to the extreme ease of use and the fact that it is completely free, it should be noted because it is the only Automatic Trading App that really works.
Thanks to the innovative Copytrading system, in fact, with eToro it is possible to select the traders who in the past have obtained the best profits with the lowest risks and the software will replicate everything they do in real time.
The advantage is twofold: on the one hand, a beginner can immediately obtain the same returns as a true expert professional. On the other hand, he can learn well how to trade online by observing what these great experts do.
Among other things, eToro is not only an App for online trading but it is also a social network, the largest social network in the world of traders and investors.
In practice, it is easy to interact directly with very good traders: a further resource for improving as a trader.You can sign up for free on eToro by clicking here
ForexTB is one of the most used Trading Apps by beginners in Europe. It is a free app, very safe and, above all, very easy to use, even for those who have never really traded online (or just don’t know how to trade).
Why is ForexTB so popular with beginners? The fact is that all members are assisted, directly on the phone, by a true expert who provides precise information and advice.
In practice, the beginner who chooses to use the ForexTB App cannot make mistakes because there is an expert who guides him, step by step, on the phone. And he doesn’t even have to spend money on the call, since it’s the ForexTB expert calling him.
And if he wants to learn more about online trading, he has the opportunity to download one of the best online trading courses available today.
The course is popular because it is free, simple to study and very practice oriented. Most other trading courses are paid, often smoky, theoretical and difficult to study.You can download the ForexTB course for free by clicking here
All ForexTB members also have the opportunity to use an excellent demo Trading App, free, unlimited and without constraints.You can sign up for free on ForexTB by clicking here
The Trade.com trading app is widely used, by both professionals and beginners. It is a completely free App and without any kind of commission.
Among the fundamental advantages of this App, we must point out the great ease of use, the ability to be followed on the phone by an expert and the availability of thousands of assets for trading.
It is also possible to use an excellent free demo, unlimited and without restrictions.You can sign up for free on Trade.com by clicking here
AvaTrade is one of the oldest and most prestigious trading apps but, at the same time, it is also one of the most innovative.
The app is completely free and there are no commissions to pay. Furthermore, it is really simple and intuitive and offers a very valid phone assistance service for beginners.
Among the innovative services of AvaTrade we must remember AvaProtect, a valuable insurance against losses and a very efficient Copytrading system that allows you to automatically copy the strategies of the best traders.
Like all the other trading apps we have selected, AvaTrade also offers a free, unlimited and unconstrained demo.
Iq Option is the preferred trading App for many beginners due to a very interesting feature: its minimum deposit is just 10 euros.
The other Apps usually require between 100 and 250 euros but Iq Option really allows everyone to start trading online: 10 euros is a sum within everyone’s reach.
In addition, the application is really simple and intuitive and there are no fees or commissions. Those who want to learn trading have access to a rich educational area with hundreds of video courses that explain online trading starting from the basics to the most advanced and profitable strategies.
As always, Iq Option also offers a free and unlimited demo.You can sign up for free on Iq Option by clicking here
Trading App for Beginners
We selected the trading apps with particular attention to beginners. For a beginner approaching online trading for the first time, in fact, the choice of the App really makes the difference between make or losing money.
All the Apps we have selected offer the following features:
- They offer a free, unlimited and unconstrained demo: a demo App is essential for those who want to learn and experience without constraints
- They are easy to use, even for a beginner who doesn’t know where to start.
- There is often a phone support service where an expert really guides the beginner step by step.
- There are no fixed trading fees: an often forgotten condition, but those with a small capital to invest (for example 250 euros) cannot afford to pay 7 euros per trade.
- In some cases, they offer excellent auto trading systems that can also be used to learn more about online trading.
Automated Trading App
Indeed we can say that automated trading is a great opportunity for those who are starting trading for the first time.
Unfortunately, however, it can also represent a serious risk: not all automated trading apps really work.
Some are real scams: just think of the Cryptocurrency Automatic Trading Apps such as Bitcoin Code or Bitcoin Era.
Others are simply apps that don’t work well and are still sold at a high price.
There are obviously solutions that work very well: for example, we have already mentioned eToro and AvaTrade which offer free Copytrading systems.
ForexTB does not offer any automatic trading application but, on the other hand, it gives all its subscribers an excellent service of very reliable trading signals.
Trading App Demo
For all the Trading Apps that we have reviewed, we have always referred to a free, unlimited and unconstrained demo. Indeed, we have included in our ranking only and only trading app with a free demo.
But why is a demo (simulation) so important? The first purpose of a demo is to evaluate a trading application without having to make any deposits. In reality though, beginners can use online demo trading for a much smarter purpose: to accumulate risk-free trading experience.
In practice, with a trading simulation it is possible to become better trader without risking losing money.
Obviously, the demo does not teach everything: for example, the demos do not teach the management of emotions and controlling emotions such as fear or greed is a fundamental skill for anyone who wants to become a trader.
Not a problem: the optimal path to become a trader always involves starting with a good demo Trading App and then moving on to a real trading App, with a capital that is always very limited (a maximum of 250 euros).
Only after having accumulated sufficient experience with small sums, it is worthwhile to make further deposits to increase the available capital.
Many traders, however, do not make any more deposits because they can reinvest the profits they made initially. In the end, it all depends on how fast you are to get exhilarating results.
Cryptocurrency Trading App
Cryptocurrencies are now an asset highly treated by traders, both professionals and beginners. The high level of volatility and the price rush make it a more unique than rare opportunity for online trading.
Initially, the only Cryptocurrency Trading Apps available were those made available by exchanges.
Unfortunately, cryptocurrency exchanges have numerous problems because they are:
- Difficult to use, unless you have a lot of experience. For beginners they are practically off limits.
- Expensive: the fees charged are excessive.
- Slow and inefficient: Often the software does not work well and there are big delays
- Unsafe: since they are not regulated, there is no guarantee for the customers’ money. Plenty of cryptocurrency exchanges have suffered colossal thefts, with tens of millions of dollars stolen (obviously money from hapless customers).
In any case, in recent years all the best online trading apps have made available the possibility of trading cryptocurrencies.
In practice, with all the trading Apps that we have reviewed it is possible to trade Bitcoin with the same account with which you can trade Amazon Shares and, above all, with the same guarantees of security and reliability.
Trading App: technical aspects
All the trading apps that we have reviewed are available for:
- iOS (iPhone, iPad and, in some case, even iWatch)
Furthermore, all the Apps also include a version accessible directly from the Internet, with a browser. The advantage of this type of application is that they are always available, without having to download and install anything.
Just go to the website, enter your username and password and you are logged in.
In this article we have reviewed some of the best trading apps for beginners. We have carefully selected the best apps, all with free demo and easy to use.
Some of these Apps also offer additional benefits for novice traders, such as the ability to automatically copy the best traders (Copy trading) or the protection against losses.
Probably eToro which allows you to automatically copy what the best traders in the world do.
Safe, reliable, easy to use and commission free apps.
Because they allow you to accumulate experience without any kind of risk.
It depends. eToro and AvaTrade yes, other Apps unfortunately don’t work and can make you lose money.