Currently, many trading applications for Europe are made to help the economy of many people in a relatively fast way. By using trading, people have been helped a lot and can earn money quickly and easily. However, many of them still trading apps for Europe that are careless or gullible with features that can be considered interesting. Therefore, we recommend one of the trading apps for Europe that you can try, namely Interactive Brokers.
What are Interactive Brokers?
In short, Interactive Brokers is based in the US and has become one of the largest online brokers in the world but is accessible in Europe. Interactive Brokers has stood out with a long industry track record of more than 40 years, supported by a very large product range, access to more than 150 markets, and state-of-the-art technology.
Apart from being part of the best trading apps for Europe, the Interactive Brokers application is also very good for beginners and experts because several features can be easily used by both beginners and experts. In this app, you can easily build a diversified portfolio of stocks and ETFs at a low cost.
Why should you choose Interactive Brokers as one of the trading apps for Europe?
Interactive Brokers offer more commodities and access to more exchanges than any other broker. In addition, the Interactive Brokers mobile app is best in class when it comes to charts and technical analysis, offering the possibility to apply different metrics and images to review market movements. Intuitive fast navigation, classes are sorted by asset and easy to order. Founded in 1977, Interactive Brokers has a solid track record of overcoming past financial crises and global recessions. The parent company of Interactive Brokers is listed on Nasdaq, which publishes financial reports and is a very reliable broker.
What about rates and fees, commissions and spreads, or leverage?
Trading fees depend on various factors such as commissions, spreads, and margins. The currency pair spread is the difference between the bid and asks prices. The commission rate will vary between different brokers and depends on the asset traded and the type of service offered by the broker. Execution-only brokers, those who do not engage in any personal investment advice and give traders complete control over how they trade in the market, tend to have lower commissions. Interactive Brokers does not charge any account maintenance fees for accounts that meet its criteria as well as the requirement that the average equity in the account is greater than $100,000 in a calendar month.
The facility that allows a trader to gain much greater exposure to the market than the amount he deposited to open a trade, is called leverage. Assuming that a trader has $1,000 in his trading account and the size of the trading ticket is 500,000 USD/JPY, the leverage will be equal to 500:1. Leverage will also depend on the trading instrument and the country the trader resides in as each regulator has a different maximum allowable leverage.
What instruments do Interactive Brokers provide?
Many trading apps for Europe offer all or some market instruments, and Interactive Brokers offers stocks, options, futures contracts, forex trading, commodities, indices, precious metals or gold, and energy volatility.
Is Interactive Brokers safe?
One of the first things that prospective traders need to make sure, of is to make sure whether a broker like Interactive Brokers is safe to trade even though it has become part of trading apps for Europe. Interactive Brokers is regulated and authorized by respected authorities such as the FCA, ASIC, NYSE, SEC, FINRA, and IIROC amid the standards of other regulatory bodies that protect traders and keep trades safe and secure.
That's some explanatory information about Interactive Brokers as one of the trading apps for Europe.
Keyword: trading apps for Europe
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