A complete revolution in the finance industry has resulted in millions of more people being able to access and trade the markets. Stocks, forex, crypto, commodities, and more can all be traded via user-friendly trading apps, and the process of setting up an account can also be done from handheld devices. The opportunities are almost limitless, and delving into the markets is as easy as swiping over to an app and tapping a screen.
Being able to trade on the go doesn’t mean that you have to sacrifice client protection or customer service. The regulatory protections that apply to an account are effective whether you trade from a phone or a desktop device. It’s even possible to try trading using a demo account that can be accessed using an app. These take less than one minute to set up and allow newbies to practice trading using virtual funds. For those who have been looking to try trading, the time to try it is now.
IG is one of the most well-known multi-asset brokers in the market, and unsurprisingly its award-winning trading app offers clients a portal to first-class trading while on the move. The firm has always been quick at getting on board with technological advances, but it also offers the security of having been trading since the 1970s and is regulated by Tier-1 authorities.
Being an international multi-asset broker means that the app offers clients the chance to trade a wide range of assets and markets. It’s a one-stop shop, and if IG doesn’t offer a market in a particular instrument, it’s likely that nobody does. This extends to the India stock market, where the IG app offers a relatively strong offering in India stock names using global depositary receipt (GDR) and American depositary receipt (ADR) instruments.
The multilingual customer service team is contactable around the clock, and the charting tools and trade indicator software are high grade. The most impressive feature of the IG app is how the broker manages to get so many of its powerful features into a format that suits a smaller screen.
IG is a trading name of IG Markets Ltd (a company registered in England and Wales under number 04008957) and IG Index Ltd (a company registered in England and Wales under number 01190902). (Source: IG)
Registered address: Cannon Bridge House, 25 Dowgate Hill, London, EC4R 2YA, UK. Both IG Markets Ltd (register number 195355) and IG Index Ltd (register number 114059) are authorised and regulated by the Financial Conduct Authority. (Source: IG)
In a short space of time, eToro has grown to have more than 20 million registered users. The popularity of the service it offers is a sign that it is doing something right, and the huge size of the operation means that the broker can use its financial firepower to secure great T&Cs for its clients. Headquartered in London and regulated by the FCA, eToro supports self-trading and copy trading, and the CopyPortfolios service suits those who want to generate a longer-term return from the markets.
Part of the reason for the firm’s incredible growth is its willingness to embrace new technologies and deliver its clients the trading tools they most desire. The trading app is a fine example of this – its smooth functionality and easy-to-use trading dashboard make trading on the move easy to do. At the same time, a range of high-end support services and trading ideas is only a tap of the screen away.
The copy trading service can be useful to beginners who want to understand more about trading. The process involves eToro account holders using the app to access their account and sign up to follow the trading ideas of other traders. It is possible to run all kinds of research on ‘lead’ traders to find the best fit, and the relationship can be broken at any time.
Another neat feature is that copying another trader doesn’t incur any additional fees or commissions. Relying on a third party has its own risks, but copy trading is a ‘hands-off’ way of gaining exposure to the financial markets for those who are trading on the go.
eToro (UK) Ltd is authorised and regulated by the FCA and is registered with number 583263
Head office address: 24th Floor, One Canada Square, Canary Wharf, London, E14 5AB, UK. (Source: eToro)
eToro (Seychelles) Ltd is licensed by the Financial Services Authority Seychelles (FSAS) to provide broker-dealer services under the Securities Act 2007, Licence #SD076. (Source: eToro)
Pepperstone is an Australia-based but globally orientated broker. It has built a strong reputation in the trading community for giving traders just what they need, and the apps it provides carry on this tradition. Pepperstone account holders can trade using up to three platforms on their app – these are provided by highly regarded third parties MetaTrader and cTrader. Pepperstone doesn’t try to be all things to all people, but the app demonstrates how it understands what traders want and need, and for many, this is the ideal approach.
The Pepperstone desktop platform is streamlined and razor-sharp, and this means that the functionality of it carries over well to apps and mobile trading. The customer service team consistently wins industry awards, which is something that beginners might want to consider. The webinars and research notes that it releases are trade focused and designed to help its clients learn how to spot trading opportunities, so they will appeal to newbies and more experienced traders alike.
Pepperstone Limited is authorised and regulated by the FCA and is registered with number 684312.
Registered office: 70 Gracechurch Street, London, EC3V 0HR, UK.
There is intense competition among brokers, and Tickmill keeps on picking up new clients thanks to its aggressive approach to trading costs. It even offers bid-offer spreads of 0.0 pips in some markets, which means that traders using this app are as well positioned as possible to make a profit from their trading. Whether you are trading from a desktop or a handheld device, it’s hard to beat zero spreads.
The broker is low cost, but the app still offers some excellent additional services, the most notable being the third-party research tools such as Myfxbook and Autochartist, which can fast-track the learning process for beginners. The Tickmill app provides everything that a new trader might need to get started and does a good job of tilting the odds in favour of its clients.
Tickmill UK Ltd is authorised and regulated by the FCA and is registered with number 717270.
Registered Office: 3rd Floor, 27-32 Old Jewry, London, EC2R 8DQ, UK. (Source: Tickmill)
Tickmill Ltd address: 3, F28-F29 Eden Plaza, Eden Island, Mahe, Seychelles. It is regulated by the Financial Services Authority of Seychelles and its 100%-owned subsidiary Procard Global Ltd. (Source: Tickmill)
It’s worth opening a demo account with XTB just to try out the xStation Mobile trading app. XTB develops a lot of its trading software in house, which means that it can’t be found at other brokers. Putting on a few virtual trades with xStation Mobile will highlight just how good the mobile trading experience can be.
XTB is well-regulated and has a solid track record, but it stands out for being a broker that is consistently trying to push the boundaries of what is possible. The XTB app trading experience combines a broker that is solid and reliable but also willing to improve its clients’ trading experience by introducing innovative new features.
XTB Limited is authorised and regulated by the FCA and is registered with number 522157.
Company address: Level 9, One Canada Square, Canary Wharf, London., E14 5AA, UK (company number 07227848) (Source: XTB)
Admirals, which until recently was known as Admiral Markets, offers its clients a high-quality app trading experience. The firm was founded in 2001 and has always invested heavily in offering tools and services designed to develop the trading skills of its clients. The Admirals app is also a good choice for those who want to invest and trade from the same account.
Regulated by the FCA, the firm takes client safety very seriously. It has two-stage login authentication and its site provides regular updates on scams and how to avoid them. Admirals also engages external auditors to review and upgrade operational and internal procedures as well as to ensure regulatory compliance.
Admiral Markets UK Ltd is registered in England and Wales under Companies House – registration number 08171762. Admiral Markets UK Ltd is authorised and regulated by the Financial Conduct Authority (FCA) – registration number 595450. (Source: Admirals)
Registered office: 60 St. Martins Lane, Covent Garden, London, WC2N 4JS, UK
With the new FXTM Mobile app, it’s possible to open and close positions in seconds, access live currency rates, manage your trading accounts, and stay one step ahead of the markets – anytime, anywhere.
FXTM has been operating for 10 years and is regulated by Tier-1 authorities, which offers a degree of security. It also has a hunger to build market share and this is exemplified by its attention to client satisfaction and a trading app that offers high-grade trade execution.
There is a feeling that FXTM is on the same side as its clients. One way that it supports beginners is its Micro account, which allows traders to trade real money, but in small size. Bridging the gap between demo and full-scale live trading is a great idea and can help traders develop the skills they need to be profitable. The minimum deposit requirement to set up a Micro account and start trading using its app is only $10 (or equivalent).
ForexTime is authorised and regulated by the FCA and is registered with number 777911. UK office: 30 Churchill Place, London, E14 5EU, UK. (Source: FXTM)
Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Dealer Licence bearing number C113012295. (Source: FXTM)
Mobile trading makes keeping in touch with the markets super-easy to do. Account administration can also be carried out while on the move. Whether you’re trading solely off an app or using it in conjunction with desktop trading, the great news is that downloading apps from the above brokers is easy to do and free of charge.
The above brokers offer step-by-step guides to help their clients onboard to app trading, and all offer apps supported by the iOS and Android platforms. It’s simply a case of visiting Google Play or the Apple App Store and downloading the required app. Many other brokers also offer WebTrader services where clients can log in using an internet browser, so there is a wide range of ways to keep on top of trading activity in your account.
Reputable firms, those with a business model that is based on delivering an attractive service to clients, can apply to be authorised by a national financial regulatory body. In the UK, the regulatory body overseeing the financial markets is the Financial Conduct Authority (FCA), but other Tier-1 regulators include the Australian Securities and Investments Commission (ASIC), the US Securities and Exchange Commission (SEC) and the Cyprus Securities and Exchange Commission (CySEC).
The specific cover that applies to investors and traders depends on several factors such as where the client is domiciled. It’s worth double-checking the T&Cs, but those who use a broker that is regulated by one of these authorities can take a degree of comfort from the following features possibly applying to their account:
Brokers not only need to comply with the terms set out by the regulators, but must also provide reports to prove they are viable businesses and up to date in terms of client protection protocols. This is all very costly, and the fact that a broker opts to be regulated is a sign that it is a genuine business committed to a long-term business plan.
Being regulated is a big selling point for brokers as the stamp of approval ticks a box in terms of safety of funds. It’s not a free ride for brokers – those that deviate from best practice will find that regulators can act against brokers that don’t comply with the rules. Firms can be warned, fined or even struck off from being licensed.
The even better news for those looking to download apps and trade the markets is that regulated brokers also compete with each other in many other ways. Some provide exceptional research, some offer low-cost trading, and others specialise in client support.
With so many good brokers operating in the sector, establishing which one offers the trading app that is a best fit can be tricky, but in a good way. One way to fast-track this testing process is to open a demo account, download the app, and practice trading using virtual funds.
Mobile trading is a growth sector, but these best India trading apps have all been tested by millions of users and the AskTraders review team. With so many good brokers going to the trouble of gaining regulatory approval, it’s a surprise that individuals are still getting caught out by disreputable firms. A little bit of homework is all that it takes to ensure that your firm is well regulated, and if something appears to be too good to be true, the chances are that it probably is.