Except for day traders who require desktop-based platforms, all other traders and investors can get through a mobile application daily. They don’t have to open their laptop or desktop to check the current pricing, place an order, or anything else. Most of the duties may now be performed via mobile trading apps thanks to technological advancements. Here is a list of some of the best Android trading apps.

 

1. AvaTrade

Under the MiFID regime, AvaTrade is controlled by the Central Bank of Ireland and licensed throughout the EEA via passporting agreements (Markets in Financial Instruments Directive). AvaTrade was among the first to offer cryptocurrency trading, and you can trade them as currency pairings through their Android app.

Here are some of the advantages of using the AvaTrader app to trade bitcoins:

• Only 100 units of the trading currency in which the account is opened are necessary to begin trading.
• Traders might go long on the assumption that markets will increase, or short on the assumption that markets will collapse.
• The leverage in cryptocurrency trading can be as high as 20:1. As a result, a trader can gain access to £200 worth of cash for just £10. Of course, if the market goes against the trader, this exposes the trader to bigger losses. Before trading using leverage, traders should be informed of the hazards to their capital.
• Customer service is offered in 14 languages and is available 24*7.
• Traders can use interactive charts to undertake assessments and studies on each coin.

AvaTrade’s mobile trading app is called AvaTradeGO. It connects to a trader’s MT4 account and provides a user interface that is mobile-friendly. It’s available on Android devices, including tablets and smartphones, in the Google Play Store. Traders may access CFDs (contracts for difference) on commodities and popular equities, such as Apple, Google, and Amazon, in addition to cryptocurrency Forex pairs. On the platform, you may also get insights into the purchasing and selling habits of other traders.

2. EasyMarkets App

EasyMarkets (previously Easy-Forex) is a Cyprus-based multi-asset brokerage firm. The company provides currency, CFD, and option trading brokerage services. Cryptocurrencies are also part of the accessible market options. EasyMarkets offers a mobile trading app that has a unique feature called deal cancellation.

What is the dealCancellation™ feature?

The assessment of an opportunity is usually the first step in the trading process. Some components of the study may be overlooked, or an unforeseen turn of circumstances may cause the markets to move against the trader despite their meticulous research. The dealCancellationTM tool in EasyMarkets protects traders against this situation by essentially allowing them to undo their trade.

How does dealCancellation™ work?

A slider will be clearly presented during the process of setting up a transaction where the DealCancellation service is offered, allowing the user to select it. If the risk management framework is available for a given product, a green shield logo with a white tick will appear on the trade ticket. Many items, including silver, gold, and common currencies, are eligible. The cost of the dealCancellationTM service will vary based on the market’s recent volatility and the size of the trade. Once dealCancellation has been selected and before a trader agrees to place the trade, it will appear on the trading ticket. The trader has a one-hour window to engage their dealCancellationTM mechanism and receive a refund of the capital utilized in the trade after it has been applied. The cost of dealCancellationTM, on the other hand, will not be refunded.

3. eToro

eToro is a CySEC-regulated broker that is permitted to sell its services to MiFID member states. They are also allowed to trade in the Republic of South Africa outside of the EU.

Their Android mobile trading app has all the same functionality as their web trading platform. The most well-known aspect of eToro is their revolutionary CopyTraderTM technology. Users can use this feature to find traders with high-performing portfolios and automatically imitate their transactions. Users of the app can view their performance indicators, which include month-by-month graphs, an overall 12-month performance measure, a risk score, and interactive charts that enable users to apply technical analysis to effectively evaluate a trader’s past performance before committing to copying their portfolio. To pick a trader to imitate, customers can go to the Copy People menu item in the program and look at the live rankings.

The CopyFundsTM mechanism is a relatively recent addition to the eToro platform and is available through the mobile trading app. eToro now offers funds that can be automatically cloned, like how individual traders can be replicated using the CopyTraderTM service. The funds, which are provided by eToro or their fund manager partners, have specific trading aims and methods, such as cryptocurrency or specific types of equities.

The social feature is carried over to the manual trading functions, with each financial instrument allowing users to comment, as well as read and respond to other users’ comments. This feature is especially beneficial for new traders who may benefit from the knowledge of more professional ones in the community.

4. IG Capital Markets

The Financial Conduct Authority (FCA) has granted IG Group, the owners of IG Markets Ltd, permission to extend their brokerage services to nations inside the European Economic Area (EEA). They are also licensed in Australia, Singapore, New Zealand, Switzerland, the United Arab Emirates, and South Africa. In addition, the IG Group owns the Nadex digital options brand in the United States. This indicates the group’s global reach, presence, and authority, which is a key benefit for many dealers.

The asset range offered to traders is one of IG Markets Ltd’s distinguishing qualities. IG Markets Ltd has one of the most diverse portfolios of financial instruments among brokers.

Traders can access over 15,000 financial items on these exchanges. Traders can use their mobile apps to place spread bets, buy and sell stocks, and trade CFDs. The Android trading app is available for free on the Google Play Store and has between 500,000 and a million downloads.