Traders in great numbers have started embracing mobile app trading platforms amid the continued growth of the electronic trading segment equipped with artificial intelligence (AI). It is believed trading through mobile devices could turn up influential in shaping the future of trading.
Mobile app trading platform is playing the role of influential technology in the COVID-19 pandemic phase when most traders are finding trading from home comfortable compared to hitting the trading floor.
A recent survey conducted by JPMorgan reveals about 30 percent of traders agree that trading through mobile devices would influence the shaping of future trading.
Managing investments through a mobile device has become easy and it can be termed as a dealing room in a pocket. Boring Money reports that younger investors are more attracted to buying shares and making investments in funds with the help of mobile trading apps. Experienced investors are using the app platforms to run their entire investment portfolios.
Getting started with a mobile app trading platform has become extremely easy and App Radar analysts states about 3.1 million Android downloads were witnessed of the top 10 UK investment apps between 2020 and 2021. It is further learned about the same downloads may have taken place on the iOS devices.
Some of the significant and popular apps include eToro, Freetrade, Fidelity, Trading 212 and IG.
eToro is one of the best trading platforms for beginners as it features copy trading to help copy the trades of experienced traders on the network automatically and without any additional cost. Copy trading is easy and requires no experience and knowledge about the market. It maximizes the profit potential and helps in minimizing the risk of losing money. It is multi-regulated.
Freetrade trading platform is equally popular and is easy to use. It is commission-free and considered a good guide to new traders.
Similarly, Fidelity is good for making investments in funds. It offers a choice of more than 2,500 funds and simultaneously shares from FTSE, FTSE 100 and FTSE 250.
Trading 212 mobile trading platform charges no commission on trading and offers access to more than 10,000 stocks and ETFs from several markets including the US, UK, Germany, Netherlands, Spain and France. It simultaneously provides access to over 3,000 CFDs on stocks, gold, oil, forex and indices.
IG trading platform offers over 17,000 global markets and is equipped with rich features like interactive charts, automatic trading alerts, news and real-time signals.