Doing well in the stock market and hoping to become an independent trader requires, among other things, using the right tools. This is why you need to take the time to choose the best stock market app before you start investing in the financial markets. Then you will have the best chances of getting the best results.
Do you want to start investing in the world of stock market and are you looking for the best app to do so? Learn about the best stock market apps in this article.
Founded in 2002, XTB is a Polish broker regulated in more than 10 countries and offers its own stock market investing app - xStation 5. In this stock market app you can trade more than 5 400 financial instruments on Forex and CFDs (contracts for difference) on indices, stocks, ETFs, cryptocurrencies and commodities.
xStation 5 is one of the best online trading applications because it is fully customizable and allows you to create your own trading station through a simple and comprehensive platform. Moreover, it offers a number of tools for analyzing and trading such as heat map, market sentiment chart, charts and more.
Brokerage fees are an important aspect to consider when looking for the best stock market app.
At XTB, the cost of opening and maintaining an open trading account is free. However, there is a 0,5 % currency conversion fee when investing in stocks and ETFs. In addition, the commission for payments in euros via PayPal is 1,89 %.
You also need to consider the spread (the difference between the buy and sell price): for example, the spread markup for equity CFDs is 0,30 % and the minimum spread for the DAX is 0,9 %.
Finally, XTB offers one of the best applications for investing in the stock market, the broker does not charge a commission when buying shares or ETFs up to a total investment of €100 000 within a calendar month (0,2 % on top of that for a minimum investment of €10).
Founded in 2008, Degiro became a Dutch broker regulated by the Dutch Financial Markets Authority (AMF) in 2013, offering one of the best in-house developed applications for investing in international stock markets.
It offers more than 2 million users financial products from more than 50 international financial centers in 30 different countries for investors looking to build a diversified portfolio with stocks, ETFs, investment funds, currencies, bonds, options, futures and leveraged products.
Degiro does not charge a deposit, withdrawal, management or custody fee, but does charge a 0,25 % currency exchange fee. Some price feeds are free, such as Euronext or Germany-Frankfurt, while others charge a fee, such as Nasdaq at €5 per month for the US and the London Stock Exchange at €8 per month for London.
Investing in equities in France and the US, as well as some international ETFs, is free, while management fees are €1 per trade. Derivatives cost €0,75 per contract.
Degiro's stock market investment app is customizable and provides access to a wide range of technical analysis tools such as technical indicators, scanners and lists, analyst recommendations, as well as fundamental analysis tools such as ESG ratings, news and financial data.
Since 2015, Trade Republic (a regulated German online broker) has been offering a solution to buy stocks and ETFs from as little as €1, using stock fractions to simply create a secure securities account with one of the best stock market apps on smartphones and the web.
The easy-to-use stock market investment app also allows you to invest in cryptocurrencies and use more than 4 000 derivatives such as turbos, warrants and certificates across thousands of markets (stocks, indices, commodities and currencies) for a fixed trading commission of €1 per transaction, thanks in particular to partnerships with HSBC and Société Générale.
Finally, the neo-broker also allows you to set up programmed investments to make regular investments for free in all major currencies (with investment volumes per execution: €1 to €10 000) in over 2 200 programmed investments in ETFs. It is also possible to create a free investment plan for European equities or cryptocurrencies.
It is also worth noting that Trade Republic offers a 2 % return on its users' cash.
In conclusion, choosing the best stock market app depends on your individual needs and preferences. If you are looking for an app with a wide range of features and functions, XTB is a good option. If you are looking for an app with low commissions, Degiro or Trade Republic may be more suitable.