Top five Apps for Traders
Consumers are increasingly shifting towards mobile platforms as fresh instruments can help investors build up insight, hone their abilities without venturing a dime and ultimately trade their portfolio. Below are the top five apps that gained popularity and positive reviews among users in 2016.
Robinhood
Robinhood permits investors to trade stocks with no commission fee. While more experienced traders may be skeptical about the plainness of the app and the newcomers it attracts, there is no denying that it is a game changer. Launched in 2014, Robinhood’s target audience is the junior generation of traders with an average age of twenty six years old, 25% of whom are first-time investors.
In 2015, Robinhood became the very first financial app of any kind to win an Apple Design Award, thanks to its quick sign-up process and easy-to-use interface. The app uses geolocation to suggest relevant stocks. It provides an innovative crowd-sourced, social treatment that shares insight and trends from other Robinhood users, looking to build a following. Latest updated versions of the app both for iOS and Android were uploaded in October two thousand sixteen and so far have been receiving positive reviews from the users.
In September 2016, the company announced the launch of Robinhood Gold – an advanced version of the platform with a set of premium features, such as extended trading hours, a line of credit and a swifter option for making deposits and withdrawals. Access to Robinhood Gold will cost the users a plane fee of ten dollars a month.
TD Ameritrade Mobile
TD Ameritrade Mobile is suggesting customers several applications for monitoring the market and making trades. TD Ameritrade Mobile Trader enables the trading of equities, options, futures and forex. Traders can keep the track of the news through integrated live flows from several CNBC regional channels and a financial news service. With access to comprehensive research materials, traders of any level benefit from TD Ameritrade’s expertise. Users of this app can talk with other traders and learn about the upcoming events through the interactive market calendar.
TD Ameritrade Mobile app, the 2nd implement suggested by the mobile division of the company, is mostly focused on analysis of trends and keeping track of the trader’s positions and orders. It provides an chance to transfer cash and deposit checks by taking the pictures of them with the phone camera. Moreover, users can find out market information about the companies by simply scanning the bar code of the consumer products in the store. The iOS version of the application is rated higher by mobile store users than the version for Android devices.
E*Trade Mobile
E*Trade Mobile’s easy-to-use interface helps users locate stocks quickly through a voice search function. Similar to TD Ameritrade applications, E*Trade Mobile provides an chance to trade a multitude of securities: stocks, ETFs, mutual funds and options. With real-time quotes and news from Morningstar, MarketWatch, Briefing.com, and various wires, along with CNBC Movie on Request, users have access to a wealth of information. Users can select information that is displayed on the customizable dashboard and have access to educational devices and comparison charts. E*trade Mobile’s application is available on mobile phones with both operating systems and can be connected to Apple Observe.
StockTouch
StockTouch is an informational resource that permits users to monitor the stock market in real time with an intuitive visualization of the market data. Stocks are sortable alphabetically, by size, by market capitalization, by percentage gains and by volume. Users can zoom in to obtain the detailed information about a particular stock and its historical spectacle, or touch anywhere on the screen to build up more insight into market trends on companies and sectors. Color-coded fever maps help users track the market’s ups and downs. The app was shut down for several months earlier this year without an official reason, but became available in the App Store again at the end of September 2016. The instrument is only available for the users of Apple devices.
TradeHero
TradeHero is a learning app that permits investors to practice trading in a safe environment. Based on the real world data, the app is ideal for users looking to hone their abilities or test fresh strategies without financial risk on simulated stock exchanges from around the world.
Users receive $100,000 to build their fantasy portfolios and challenge against each other. The winners have a chance to be listed on the leaderboard as a hero and receive a real cash prize. Participants receive alerts about the spectacle of their dearest stocks and can get access to the movie tutorials and the tips from experienced users.
The most latest updates for the app were launched in October two thousand sixteen with predominantly positive reviews from users. Presently the iOS and Android versions of the app slightly differ by functionality, however the company promised to add the missing features in the next versions.