Best Mobile trading app : Top 5 Trading platforms 2022

Purchasing and selling investments have become, easy today, with the help of the various Trading apps, that are available in the forex market. The trading apps provide performance information on your assets and give essential insight into the analytics of your investments. It's important to look for one that works for you, as the forex market is loaded with various trading apps that differ greatly in terms of features, pricing, charting, and user experience.

If you are a beginner trader, then the team of NAGA reviews will suggest that an investment platform with complex features and tools is not your greatest option because you might end up spending a lot in fees for things you won't use right away.

To assist you in finding the best trading app, our team at NAGA reviews will help you find the best mobile trading apps in 2022. We have tested, analysed, and graded all the trading platforms that we have reviewed based on commissions, asset selection, customer satisfaction, and more!

NAGA Reviews - Best trading apps in 2022

  • E-toro - Best overall trading app
  • IG - Best Trading app for beginners
  • Saxo Markets - Best for investing in various assets
  • Interactive Brokers - Best trading app for investing in foreign markets
  • Pepperstone - Best mobile trading app in terms of fees and spreads

Discover in detail, all the benefits, features and a complete guide on the best trading apps for you on NAGA Reviews, as we provide authentic and unbiased information to all our users, which is displayed through our NAGA Ratings!

Best Mobile trading apps

E-toro - Best overall trading app

E-toro gives you the facility to purchase bonds, shares, currencies, exchange-traded funds (ETFs), and other financial instruments, commission-free on its platform. The app has set an example of how user-friendly and easy-to-navigate a trading app should be. The app is full of insights that provide guides and tutorials to all traders. Alongside this, the excellent charting tools and copy trading features make it a favourite and versatile trading app.

Apart from a few extra charges that exist, like withdrawal and foreign currency costs, the cost of opening an account is free, and there is no cap on the amount you can trade.

Pros of E- toro

  • The trading app supports commission-free trading
  • There are no fixed trade limits
  • The app is easy to navigate and user-friendly
  • Free copy trading software
  • A vast reserve of guides and tutorials

Cons of E- toro

  • Has a limited number of charting tools
  • The platform charges withdrawal fees
  • For, the first-time user's verification process takes time

IG - Best Trading app for beginners

If you want to learn how to invest, IG is an excellent trading platform. The free demo account allows investors to learn to trade in the same way they would trade in real-time.The demo account is completely risk-free as it involves virtual money, but it functions like real trading in the forex market.

The trading app allows users to trade from a wide array of financial instruments including, CFDs, spread-betting, EFTs, trading stocks, forex and more. The IG academy comes as a boon for all the new traders, as it is a storehouse of various guides and resources that help you learn the various aspects of trading.

Pros of IG

  • Has a wide range of tradeable instruments
  • Provides free demo account
  • Has tools and features for both beginners as well as experienced traders
  • IG academy provides various quizzes, and guides
  • User-friendly platform

Cons of IG

  • Charges inactivity fees
  • Takes a lot of time to verify and open the account

To Discover in detail, all the benefits, features and a complete guide on IG - the best trading app for beginners, visit NAGA Reviews, the team of experts provide authentic and unbiased information to all our users, which is displayed through our NAGA Ratings

Saxo Markets - Best for investing in various assets

Saxo Markets, as compared to all the other trading apps has the largest number of instruments available to invest in. The trading app is useful for experienced traders due to the availability of a range of tools, that provide deep insights and technical analysis.

The trading app also comes with plenty of information, as well as webinars and guides to help you know more about the market trends. Beginners can benefit from the demo account, which allows traders to invest using virtual money and even build a virtual portfolio.

Pros of Saxo Markets

  • Has excellent tools for analysis and charts
  • Allows traders to invest in overseeing shares
  • The trading platform has over 500 funds to invest in
  • Great platform for experienced traders
  • Provides the facility to invest in ISA

Cons of Saxo Market

  • The trading app can be a little confusing for beginners
  • The price structure of the platform is complicated
  • The minimum investment rate is as compared to other trading apps.

Interactive Brokers - Best trading app for investing in foreign markets

Interactive brokers have a lot to offer their traders, especially those who are interested in trading in the forex market. The trading app allows investors to trade and invest in shares, funds, forex, exchange-traded funds (ETFs), venture capital trusts (VCTs), bonds and a lot more.

Interactive brokers offer investment plans for an individual as well as for your family, with one flat fee. The "Friends and Family", the plan allows users to give 5 people a free subscription for an additional £5 per month. The mobile application is loaded with functionality as it offers various chartings and technical analysis tools required to trade in international markets.

For information, on how to trade in the international markets you can visit NAGA reviews, where our team of experts will guide you through authentic information, which is displayed through our NAGA Ratings!

Pros of Interactive Brokers

  • The trading app is highly secure and under regulation
  • The platform offers a wide range of assets including ISA
  • The platform fee is returned to the trades
  • Best mobile trading app to trade in the international markets

Cons of Interactive brokers

  • Can be expensive if you are trading in small lots
  • Not a very user-friendly platform

Pepperstone - Best trading app in terms of fees and spreads

Pepperstone has been topping the charts of being one of the best trading apps. With the facility of MT4 and third-party software, the platform is a smart choice for new traders. In the UK broker space, Pepperstone is considered to be extremely user-friendly and loaded with skillsets.

The trading app is available in 22 different languages and offers the lowest trading fees that you will come across. Furthermore, the trading app also offers various educational resources suitable for both experienced as well as rookie traders.

Pros of Pepperstone

  • Platform with the best spreads and low trading fee
  • Userfriendly mobile trading app
  • Supports third-party software MT4
  • Places fast execution of orders

Cons of Pepperstone

  • The MT4 features can be a little outdated
  • Does not support a two-factor authentication

NAGA Rating, is based on genuine customer satisfaction, and hence provides NAGA review, which is authentic and unbiased, the team of experts have carefully studied and analysed the markets and curated the best trading apps.

Which mobile trading app should I use?

While there isn't a shortage in the number of trading apps that are available in the forex market, you should choose the platform with objectivity and consider the fact that not all features that are present in the app, may not be required for you.

Therefore, according to your trading needs, you should look for trading apps. If you are a beginner then, you should consider using an app that has fewer complex features and more resources and guides, to help you navigate the forex market.

While, on the other hand, if you are an experienced trader, you would want to look at trading apps that have analytical tools and complex charting features to help you predict price movements and decrease risk exposure.

How to choose the best trading app?

Choosing the best mobile trading apps involves a lot of decision-making, like what features are you looking for, what are you looking to trade and more. To make the decision easy for you, NAGA reviews, have listed a few measures before you choose your trading app:

Fees: different trading platforms have different fee structures. some trading apps are commission free like E-toro, while some have extremely low trading fees. Some platforms even charge an inactivity fee as well as a withdrawal fee.

Customer Service: The availability of customer service plays a rather crucial role, in determining whether or not you want to use the trading app. A 24x7 service, that is available through calls, email or even chats is considered to be the best.

Asset Availability: what you can trade also matters when choosing a trading platform. You might want to look into a trading app that allows you to trade forex, EFTs, futures, shares, bonds and a lot more. If you are involved in international trading, make sure your platform allows you to do so.

Discover in detail, all the benefits, features and a complete guide on the best trading apps for you on NAGA Reviews, as we provide authentic and unbiased information to all our users, which is displayed through our NAGA Ratings!

Are trading apps safe?

Most trading apps are heavily regulated and secured by an authority that looks after, fraudulent practices. For traders in the UK, they need to make sure that the trading app that they are using is regulated under the Financial Conduct Authority (FCA), which is the financial regulatory body in the UK.

Your concerns about the data breach can further be contained by making sure you do not disclose any personal information to brokers that are not regulated. Forex scams are quite prevalent in the market and therefore, you need to be careful while choosing a trading app.

The team of experts at NAGA, review every trading platform carefully, to provide only authentic information to its users. Also, the NAGA Rating is based on genuine customer satisfaction.

Final thoughts

The trading market is miraculously growing, and with that, there has been a growth in the ample amount of trading apps and platforms which claim themselves to be the best.

However, to find the best trading app, it becomes important to know what kind of trading are you looking into and then research the features and tools provided by the trading app.

To help you further, the team at NAGA reviews will thoroughly guide you to find the best trading app and the detailed NAGA review will help you discover all its features and pros and cons.

Disclaimer: This information is not considered investment advice or an investment recommendation but is instead a marketing communication.

Location: Austria

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