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If you’re looking to actively buy and sell financial instruments – it’s crucial to have a top-rated trading app by your side. This will ensure that you are never few clicks away from the financial markets and thus – you’ll be able to enter and exit positions no matter where you are located.

In this guide, we review the very best trading apps in the market right now and how you how to get set up today!

Best Trading Apps 2021 List

Stuck for time and looking to get started with the best trading apps for 2021 right now? if you, below you will find a list of which trading apps we think you should consider for your investment needs.

  • eToro – Overall Best Trading App 2021
  • Robinhood – Best Trading App for US-Based Retail Clients
  • Capital.com – Best Trading App for Beginners ($20 Minimum Deposit)
  • AvaTrade – Trade Leveraged CFDs at 0% Commission
  • Libertex – Top-Rated Trading App With ZERO Spreads
  • Vantage FX – Best Trading App for High Leverage
  • Webull – Best Broker App for Fractional Shares and ETFs
  • TD Ameritrade – Best Trading App for Advanced Traders (thinkorswim)
  • Interactive Brokers – Best Trading App For Long-Term Investments
  • Trading 212 – Best Trading Platform App for Small Stakes and Casual Traders

Best Online Trading Apps Reviewed

When actively trading, you only need one brokerage account. As such, when choosing the best trading app for you – it’s important to focus on key metrics surrounding supported markets, fees, payments, and regulation. In doing so, you can facilitate all of your trading needs via a single hub.

With this in mind, below you will find reviews of the top trading apps for 2021.

1. eToro – Overall Best Trading App 2021

etoro logo

Having tested the eToro mobile application on both iOS and Android – we can confidently say the broker offers the best mobile trading app in the market. Before we get to the specifics, we should note that eToro is heavily regulated – so your capital is safe at all times.

Used by more than 20 million people, eToro is authorized and licensed by the FCA, CySEC, and ASIC. For US traders, the broker is approved by FINRA and the SEC. Once you download the eToro trading app, you will have access to thousands of markets. For example, you can buy shares (like e.g. Amazon) and ETFs from 17 international exchanges.

eToro best trading app

You can also make trades of dozens of forex pairs, indices, and commodities like gold, silver, oil, natural gas, and wheat. eToro is also the best cryptocurrency trading platform where you can trade all of the major crypto assets. When it comes to fees, eToro allows you to buy and trade stocks and make ETF trades without paying any commission. If opting to trade CFDs, you will simply pay the spread. Depositing funds will cost you nothing if you’re from the US and just 0.5% for traders located in other regions.

You can deposit funds directly from within the eToro trading app with Paypal, Skrill, Neteller, or a debit/credit card. What we also like about the eToro app is that it offers a Copy Trading tool. For those unaware, this allows you to select a trader that uses eToro and invest in them. In other words, any positions that the trader places will also be reflected in your own investment account.

Pros:

  • Heavily regulated trading platform used by over 20 million people
  • Commission-free stocks and ETFs
  • Spread-only pricing structure on crypto, indices, forex, and commodities
  • Very easy to use – ideal for beginners and new investors
  • The minimum stake starts at $25 per trade
  • Supports debit/credit cards, bank account transfers, and e-wallets
  • Copy Trading features promote passive investing

Cons:

  • Charting analysis tools are a bit basic

67% of retail investors lose money trading CFDs at this site

 

2. Robinhood – Best Trading App for US-Based Retail Clients

Robinhood app

Robinhood is a popular trading app with beginners based in the US. The mobile application gives you access to several asset classes – which is inclusive of thousands of stocks and ETFs.

Apart from a few hundred ADRs (American depositary receipt) – all stocks are listed in the US. In addition to stocks, the Robinhood trading app also offers a small selection of digital currencies. This includes Bitcoin, Dogecoin, Ethereum, and Bitcoin Cash.

robinhood best online trading app for us-based retail clients

If you’re looking to gain exposure to stock options trading, this is also available via the app. When it comes to fees, Robinhood offers commission-free trading on all of its support markets. There is no minimum deposit to get started and you can trade fractional assets – meaning you only need to stake a few dollars per order.

Pros

  • Trusted US-based online brokerage firm
  • Zero commission on stocks, options, and crypto
  • Supports fractional investments
  • Great for beginners
  • Top-rated mobile app

Cons

  • ACH and bank wire deposits only
  • US-based traders only
  • Limited selection of crypto assets

Your capital is at risk when trading with this provider.

3. Capital.com – Best Online Trading App for Beginners ($20 Minimum Deposit)

capital.com reviewIf you’re looking to buy and sell assets for the very first time – then Capital.com is on the top of the best trading apps for beginners. You can get started with a small deposit of just $20 and the investing app itself is simple to use.

Simply search for the asset you wish to trade, enter your stake, and confirm the order. Capital.com specializes in CFDs across thousands of markets. This includes forex, indices, stocks, ETFs, commodities, cryptocurrencies, and more.

capital.com best trading apps for beginners

This trading app provider does not charge any commissions and is one of the best low spread forex brokers. All markets can be traded with leverage and you can go short on your chosen asset by placing a sell order. You can deposit funds into the trading app with a debit/credit card or e-wallet. Capital.com is regulated by the FCA and CySEC.

Pros:

  • 0% commission and tight spreads
  • Thousands of markets on offer
  • CFD asset classes include crypto, stocks, forex, and commodities
  • Minimum deposit of just $20
  • Supports debit/credit cards and e-wallets
  • Great for beginners
  • MT4 supported
  • Leverage available – limits depend on your location

Cons:

  • As a disclaimer, please take into consider that you can’t invest in the underlying asset – CFD instruments only

67.7% of retail investor accounts lose money when trading CFDs with this provider

 

4. AvaTrade – Trade Leveraged CFDs at 0% Commission

avatrade brokerThe AvaTrade mobile app is available on both iOS and Android. The broker itself is super popular in the online trading space – not least because it charges 0% commission on all of its supported markets.

Once you install the app, you will be able to trade dozens of forex pairs – with AvaTrade covering a good selection of majors, minors, and exotics. You can also trade CFDs in the form of stocks, indices, commodities, and crypto-assets.

avatrade top trading apps

AvaTrade is also compatible with MT4 and MT5 – so you can also connect the aforementioned apps to your trading account. The account minimum deposit on the AvaTrade app is just $100 and you can instantly fund it with a debit or credit card. AvaTrade is regulated in six jurisdictions – so your money is safe.

Pros:

  • Regulated in 6 different jurisdictions
  • Supports CFD markets on forex, stocks, cryptocurrencies, and more
  • 0% commission and low spreads
  • Compatible with MT4 and MT5
  • Minimum deposit of just $100
  • Leverage offered on all markets

Cons:

  • CFD Stock Market department is limited in comparison to other MT5 trading platforms

71% of retail investor accounts lose money when trading CFDs with this provider

5. Libertex – Top-Rated Trading App With ZERO Spreads

libertex reviewLibertex is a CFD broker that offers a simple yet fully intuitive trading app. You will have access to plenty of asset classes – which is inclusive of stocks, ETFs, forex, cryptocurrencies, and commodities.

Libertex – which has been offering brokerage services since the late 1990s, does not charge spreads on any of its supported CFD markets. Instead, you will simply need to pay a small variable commission.

trading 212 best mobile trading apps

This will vary depending on the market, but, to give you an idea, you can trade forex at a minimum commission of just 0.006%. To get started with Libertex, open an account and meet a minimum deposit of $100. You can do this with a debit/credit card or e-wallet from within the app.

Pros

  • ZERO spreads on all markets
  • Low-cost trading commissions
  • Mininmum deposit of just $100
  • Supports CFD instruments on stocks, crypto, ETFs, forex, commodities, and more
  • Debit/credit cards and e-wallets accepted
  • Heavily regulated and more than 20+ years in the trading space
  • MT4 and MT5 supported

Cons

  • CFD instruments only – no traditional ownership

83% of retail investor accounts lose money when trading CFDs with this provider

 

6. Vantage FX – The Best Trading App for High Leverage

vantagefx logo

Vantage FX is a high leverage forex broker that offers numerous asset classes. You can trade online or via the iOS (for Apple devices)/Android app. Supported markets at this top-rated broker include forex, stocks, indices, and commodities – all of which come via leveraged CFDs.

Once you have opened an account, you can trade forex with leverage of up to 1:500. Other markets come with lower limits. When it comes to fees, this depends on the account you opt for. For example, there is a 0% commission account with reasonable spreads available on this forex app.

vantage the best trading app for high leverage

Or, you might opt for an ECN account, which comes with zero spreads and a per-slide commission of $3. If you want to engage with an automated trading robot, Vantage FX also supports MT5. All you need to do is set the robot up on your desktop device and you can then monitor it via the mobile app.

Pros

  • ECN broker accounts
  • Trade from 0 pips and a commission of $3 per slide
  • Regulated in various jurisdictions
  • Offers markets on forex, shares, energies, indices, and more
  • Supports MT5
  • Leverage of up to 1:500

Cons

  • Mobile app isn’t the easiest to use

Your capital is at risk when trading financial instruments at this provider

 

7. Webull – Best Investment Trading App for Fractional Shares and ETFs

webull logoWebull is a user-friendly trading app that is aimed at US-based investors. Although the app offers a number of markets on options and ADRs, Webull stands out when it comes to shares and ETFs.

This is because the app – which is available to download free of charge on both iOS and Android phones, allows you to invest in fractional assets. For example, instead of needing to fork out $700 for a single Tesla share, you can invest any amount from $1 upwards.

webull best trading apps

Best of all, Webull does not charge any trading commissions – so you won’t get financially penalized for investing small amounts. There is no minimum deposit either, albeit, you can only fund your account with a US bank wire or ACH. Webull also offers margin trading, but you will need to deposit at least $2,000 to be eligible.

Pros

  • Buy fractional shares and ETFs
  • No trading commission
  • No minimum deposit
  • Very simple to use
  • Also offers options and ADRs

Cons

  • Limited selection of non-US assets

Your capital is at risk when trading financial instruments at this provider

 

8. TD Ameritrade – Best Trading App for Advanced Traders (thinkorswim)

TD ameritrade logo

If you want access to a highly advanced trading app then the TD Ameritrade trader app is going to be the best broker for you. The platform is home to one of the most feature-rich platforms in the brokerage scene – thinkorswim.  

While the native platform is best used on a desktop device, TD Ameritrade also offers thinkorswim via a fully-fledged mobile app. Much like the desktop version, the thinkorswim app offers plenty of indicators and charts.

thinkorswim trading app

You will also have access to stock screeners, drawing tools, and real-time financial news updates. By choosing the TD trader app, you will have access to thousands of financial instruments.   If trading US-listed stocks and ETFs, you’ll benefit from 0% commissions.

Pros

  • Great for experienced and active traders
  • Thinkorswim platform comes packed with advanced trading tools
  • Fees are competitive on most assets
  • Thousands of financial instruments supported
  • Solid regulatory standing
  • No minimum deposit or minimum balance

Cons

  • Not suitable for beginners

Your capital is at risk when trading financial instruments at this provider

 

9. Interactive Brokers – Best Trading App For Long-Term Investments

interactive brokers logoIf you’re looking to build a portfolio of long-term investments and wish to diversify across several US and international markets, the Interactive Brokers mobile app is well worth considering.

This established and highly trusted broker offers thousands of traditional assets – which ranges from bonds, mutual funds, ETFs, stocks, and access to IPOs. In a similar nature to TD Ameritrade, you can buy and sell US-listed equities at 0% commission.

interactive brokers order types

The native IBKR app – which was built from the ground up, comes packed with advanced trading features. This includes real-time market data quotes, research reports, customized order types, and technical indicators.   You will also have access to educational resources at Interactive Brokers – such as courses, guides, and short videos.

Pros:

  • Ultra-low forex spreads
  • Thousands of traditional assets
  • Very fast order execution with deep liquidity
  • IBKR app comes packed with advanced tools
  • Heavily regulated in the US

Cons:

  • No integration with MetaTrader 4 or 5

Your capital is at risk.

 

10. Trading 212 – Best Trading App for Small Stakes and Casual Traders

trading 212 reviewTrading 212 allows you to gain exposure to the financial markets without you needing to break the bank and affect your personal finances. The mobile app offers several traditional asset classes – which includes thousands of stocks and ETFs.

Not only can you invest in the aforementioned assets on a 0% commission basis, but the minimum stake per trade is just $1. If you want to engage in short-term trading, this top-rated app also offers CFD instruments.

trading 212 best trading app

This allows you to apply leverage, short sell, and access additional asset classes such as forex, commodities, and indices. There is no minimum deposit and the Trading 212 app supports debit/credit cards and Paypal. In terms of safety, the broker is regulated by the FCA.

Pros

  • Trade from just $1 per stake
  • Supports forex, ETFs, stocks, indices, and commodities
  • CFDs and traditional investment assets
  • Regulated by the Financial Conduct Authority
  • 0% commission
  • Very easy-to-use platform

Cons

  • 0.5% fee on CFD instruments priced in a currency that is different form your account

69.53%% of retail investor accounts lose money when trading CFDs with this provider.

Trading App Fees Comparison

Below you will find a comparison table that outlines the main fees charged by the best online trading apps that we have reviewed today.

Trading App Trading Fee Type Forex Fee on EUR/GBP Stock Fee (Amazon) Inactivity Fee
eToro Spread Only From 1 Pip From 0.09% $10/month after 12 months
Robinhood 0% Commission N/A 0% Commission NONE
Capital.com 0% Commission From 0.8 Pips Variable NONE
AvaTrade 0% Commission From 0.9 Pips From 0.13% $50/quarter after 3 months
Libertex ZERO Spread + Small Commission From 0.06% Commission 0.034% $5/month after 6 months
VantageFX 0% Commission From 1.4 Pips Variable NONE
Webull 0% Commission N/A 0% Commission NONE
TD Ameritrade 0% Commission on US Stocks/ETFs Spread Only 0% Commission NONE
Interactive Brokers
0% Commission on US Stocks/ETFs From 1/10 Pip 0% Commission NONE
Trading 212 0% Commission 0.5% FX Fee 0% Commission NONE


How to Choose the Best Trading App for You

Doing a bit of research before signing up for a broker will ensure that you choose the best trading app for you. The most important factors to look for before proceeding are listed below.

Safety

If you want to trade on your phone, then you are going to need to deposit some of your hard-earned money. As such, you need to ensure that the app is safe. The best way to ascertain this is to check whether or not the trading app is regulated and if so – by whom.

For example, one of the best free trading apps that we came across – eToro, is regulated by a number of reputable bodies. This includes financial authorities based in the UK (FCA), Australia (ASIC), and CySEC (Cyprus). Additionally, you also check whether or not the trading app offers 2FA – which will add an extra layer of security.

Trading Instruments

If you want to trade a specific asset class or financial instrument – make sure that the app supports it. The best trading investment apps and investment products offer thousands of markets – meaning that you can trade a variety of assets via a single hub. For example, eToro offers everything from stocks and ETFs to forex, commodities, and cryptocurrencies.

eToro stock app

Fees & Commissions

Understand the pricing structure of a trading app is crucial – as fees can and will vary. First, you need to establish how much you will need to pay to buy and sell assets. For example, eToro allows you to buy stocks and ETFs without paying a single cent in commission.

You then have the likes of Capital.com and Robinhood, which both offer 0% commission on all supported markets. Libertex, however, does things a little bit differently. This is because the platform charges ZERO spreads but will implement a very small variable commission per slide.

You then need to look at non-trading fees. For example, explore whether any deposit charges apply for your preferred payment method and whether an inactivity fee kicks in after a period of dormancy.

Trading Tools & Features

The best online trading apps allow you to make informed investment decisions through specific tools and features. For example, if you’re looking to buy stocks, you’ll want access to real-time financial news and company earnings reports.

On the other hand, if you’re looking to trade forex, then you’ll want to choose a trading app that offers technical indicators and chart drawing tools. An additional tool that might interest you is the Copy Trading feature offered by eToro.

eToro copy trading

This particular tool allows you to automate your investments by copying a proven trader, something that can be confused to what a stockbroker or a robo-advisor does. For example, if the trader risks 7% of their capital on IBM stocks, you will do the same. This allows you to invest without needing to have any knowledge of fundamental or technical analysis.

User Experience

You’ll need to ensure that your chosen trading app is easy to use. After all, you will be investing real money, so you don’t want to be hindered by a smaller screen size. With that said, it can be difficult to know whether the app is user-friendly until you try it out for yourself.

Many trading apps require you to open an account to access the trading arena – which can be problematic. This is why the best trading apps – such as eToro, Capital.com, and Libertex, offer a free trades demo account.

eToro research

This allows you to trade via the app in live market conditions without needing to make a deposit. Once you are confident that the app offers a suitable user trading experience for your skillset, only then might you consider making a deposit.

Payment Methods

Not only do you need to assess what payment methods the broker supports, but whether or not your preferred deposit type is available via the app.

  • For example, we came across a number of providers that accept debit/credit cards, but you need to go through the main website to process the payment.
  • It goes without saying that this is inconvenient, as there might come a time when you need to make an instant deposit and you are away from your desktop device.

This is why we like eToro – as the trading app not only supports instant mobile deposits via debit/credit cards – but e-wallets like Paypal, too.

Customer Service

Finally, be sure to check whether or not you will be able to speak with a member of the customer support team from within the app. Much like making payments, some online brokers require you to contact support via the main website.

Once again, this is inconvenient. The best mobile trading apps that we came across offer a fully-fledged live chat facility. This can be accessed directly from within the app.

How to Get Started with a Best Trading App

If you’re keen to invest via the best trading app of 2021 – following the steps below to get started with eToro right now.

Step 1: Open an eToro Account

Before you can start trading on the eToro app, you will first need to visit the provider’s website and open an account. This will require some personal information from you.

etoro sign up

You also need to verify your email address and mobile number.

Step 2: Download eToro Trading App

Next, download the eToro app to your iOS and Android device. Once installed, log in with the username and password that you created in Step 1.

how to use etoro trading app

Step 3: KYC

eToro will now prompt you to upload a copy of your:

  • Government-issued ID
  • Proof of address

You can take a photo of the above two documents with your mobile phone camera. eToro should be able to verify your account instantly.

Step 4: Deposit Funds

You can now make a deposit without needing to leave the eToro trading app. Choose your preferred payment type – which includes debit/credit cards and e-wallets like Paypal and Skrill. Then, enter the amount you wish to deposit and confirm the transaction.

Step 5: Start Trading

All that is left for you to do now is place your first mobile trade! The process on the eToro app is easy – as you can enter the name of the asset that you wish to buy or sell.

how to use etoro trading app

Then, when you see the order box pop up, enter your stake. Finally, to confirm the order, click on the ‘Open Trade’ button.

eToro – Best Trading App 2021

After reviewing some of the best trading apps available in the mobile investment space – we found that eToro comes out at number one. Once you have registered and downloaded the app – you can trade everything from stocks and ETFs to cryptocurrencies and forex.

You will have access to some of the best low fees and spreads in the market and have the full backing of three reputable regulators – the FCA, ASIC, and CySEC. Crucially, placing your first trade should take minutes – as you can instantly deposit funds with an e-wallet or debit/credit card.  
etoro logo

67% of retail investors lose money trading CFDs at this site

 

FAQs

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