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An investment mobile app refers to a software application designed for mobile devices, such as smartphones and tablets, that allows users to manage, track, and execute investment-related activities.
In this list, we have grouped the best investing apps. We have taken the following factors into consideration when compiling the ranking:
- The quality of the app
- The simplicity of use
- The amount of markets to invest in offered by the app
- The minimum deposit required to use the app
What are the best investment apps?
Below our curated list of the best investment apps, with details of features and characteristics.
How to choose the most suitable investing app
Choosing the most suitable trading app depends on three main factors. These are user experience, the type of market you want to trade in, and the type of trading you want to follow.
In fact, if one has little experience, it is always a good idea to choose an app that offers a great test account. This will allow the user to practice on a free account that is provided with virtual money, and is therefore risk-free.
It is also necessary to consider the market, as each broker typically specializes in a certain type of offering. For example, there are brokers that offer apps specialized for investing in stocks, or apps for investing in cryptocurrencies.
Last, it is equally important to consider the type of trading. If you want to invest on a short-term basis or with intraday trading, you will need to choose a type of app that allows you to operate in this way without problems.
Is it better to invest from apps or from a PC?
Apps are an excellent alternative to the PC for all traders who prefer long-term investing, who have passive investments, or for those who need to constantly monitor the market.
Indeed, investing in very volatile assets such as forex requires extensive research and analysis that must be done primarily on the price chart.
Typically, investing apps make it easy to open and close orders, but they do not have analysis tools in step with their PC counterparts.
For this reason, those interested in intraday trading may prefer to work from a desktop platform.
In contrast, very long-term strategies such as accumulation plans or investing in ETFs and stocks can be carried out just as effectively from apps.
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