The top 2 trading apps for Android
Many day traders value the freedom that comes with their profession, but sitting in front of a computer for hours on end can be limiting. With the proliferation of smartphones, a number of day trading apps have emerged to transact on the go from the world’s most prominent brokers.
Day trading apps are on the rise and almost every online broker is putting money into developing mobile apps. It’s no longer just about looking at portfolios and doing basic trades. Today’s best apps aim to bring you the full 360 experience, from advanced order types and detailed charts to complex options and a host of advanced trading tools. There are also practice or simulator apps for beginners to try out.
We’ve rounded up 2 of the best day trading apps currently available for Android, along with some additional tips and tricks to get you started.
What should an app have?
- Functions
You need an app that provides you with all the essential information. So check if you get market updates, charts, trends, news updates and the usual stock prices. - Ease of use
Every second counts when you’re an intraday trader, so make sure the app is easy to navigate. You must be able to quickly recognize and apply important information. - Reliability
You don’t want the app to crash when you are about to enter or exit a position. Check reviews first to make sure they’re efficient, reliable, and up-to-date. - Safety
Trading Apps have millions of users and process billions of euros. This makes them an attractive proposition for hackers. You don’t want to lose your earned capital, so check the reviews for security information first.
The top 2 apps.
IQ Option
The IQ option app is an intelligent mobile platform. You can trade all the most popular forex pairs, plus the top three cryptocurrencies, bitcoin, ethereum and litecoin.
You benefit from lightning-fast execution speeds. This is absolutely essential if you want to maximize profits as every second counts in an intraday trader’s life.
You also get invaluable 24/7 customer support. A technical problem can cost you valuable time and significant profit. That’s why you get support in 19 languages, so you can always talk to someone, whatever the problem.
Plus500
After significant investment, Plus500 now offers one of the best apps for intraday trading. It is a popular app because you can open a free unlimited demo account in less than 5 minutes.
You can choose from stocks, forex, indices, commodities and cryptocurrencies.
The app also comes with negative balance protection so you can’t lose more than your account balance.
In addition, you get access to a large number of real-time charts and you can fund your account with credit cards and payment services such as PayPal.