When it comes to trading apps on Android, there are plenty of choices. Each app will assist the user to buy and sell stocks. Also, fund a brokerage account and many other features. All done from the convenience of your smartphone.
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The primary focus of the best trading apps is the features and fees. That’s the most important thing for various stock traders, from beginners to advanced traders alike. There are large investment firms focused on boutique brokerage for mobile users.
The Simplest Choice of Trading Applications for Android Phones
1. E*TRADE
Offered by Morgan Stanley this app has a variety of trader-friendly features. Such as basic trades in options and complex multi-leg trades. Plus, third-party research, user portfolio and breaking news alerts for the markets. There are chat options, even banking transactions.
E*TRADE requires no account minimum balance and commission-free requirements for stock and ETF trading. Tradable assets are stocks, ETFs, options, futures, mutual funds and fixed income. This app can be downloaded free from Playstore.
This trading app Android is suitable for beginners to learn more about trading strategies with robust trading tools. But also useful for more advanced traders. For expert or professional level traders, this application can be upgraded to Power E*TRADE.
2. Webull
This app will provide a free investing experience as Webull has no minimum fee or accounts. All stock, options and ETF trading are free, even for contracts including options. Webull has a powerful platform that provides important features for professional traders.
This app supports the user's voice commands and provides tools to manage the user account. Even advanced trade orders, such as Level 1 and 2 quotes are catered for. Including contingent orders like OCO. There is an additional fee for premium quotes.
This is a good app for new or beginner traders that still learning how the market works. But it’s also valuable for professional traders looking to save money from options contract commission. Too bad, this app has no chat option support.
3. Thinkorswim
Recently acquired by Charles Schwab, Thinkorswim is a standard TD Ameritrade app. It has no minimum balance requirements, and stock and ETF trades are commission-free. The user can chat with trading specialists at TD Ameritrade from the app if needed.
This app features advanced charting tools and analysis. Also provides market news and paper trading (play money to test trading strategies). So, the traders can reduce options to consider to avoid losing money. Tradable assets are stocks, ETFs, forex, futures and options.
Virtual trading success in paper money does not guarantee the same success in real investing. Because it is clear that the market conditions are constantly changing. But this is a valuable learning tool for new and beginner traders.
4. MetaTrader 4 or MT4
This is a very popular trading app on Android that can be downloaded free from Playstore. Users used this app for foreign-exchange trading. Because it provides real-time quotes from the forex market. Completed with market analysis, a free trading signal including pending order.
MT4 is valuable for advanced trading with rapidly changing financial instruments. Provides technical analysis with interactive real-time forex charts, and connection with hundreds of forex brokers. Completed with free financial news, and chat support with anyone registered in MQL5.community.
This app lacks custom indicators, so traders can only use in-app indicators. Such as moving averages, stochastics and parabolic indicators to analyze the market. But all the features are very helpful in helping users get a complete trading experience.
Trading apps Android keeps users connected to the market and changes in the stock or foreign exchange. Also, able to manage accounts for any trading decisions. But internet connectivity and smaller screens can also be challenges for managing a portfolio.