Investment apps are becoming faithful assistants in online stock or currency trading. Robinhood alone gets about 3 million downloads every month. But besides this leader, many equally functional apps help keep track of investments in unstable times. Let’s talk about 5 stock trading apps worthy of your attention.

RADDAR

RADDAR was created by a European software development company. It is a reliable financial tool that collects, processes, stores, and displays stock analytics. The platform evaluates up to 28 assets (currency, commodities, and so on) from 18 sources (Profinance, Barchart, Investing, and others). The information is collected from resources and updated hourly, which ensures that the data provided by the application is up to date.

The system analyzes updated information on assets and generates recommendations accurately. It signals to traders whether they should buy or sell assets. A Telegram bot is integrated with the platform, providing users with signals statistics. Comparing the percentage of success, guided by personal experience and the example of other reputable traders, an investor decides how best to deal with assets.

Source: andersenlab.com

Thousands of users have already evaluated the capabilities of the platform and are happy to put its recommendations into practice thus earning money.

Trading 212

With over 10 million downloads, the Trading 212 mobile app has already gained the trust of traders. This software product provides the most comfortable and inexpensive (from €1) “entry” to the exchange. The platform offers over 10,000 stocks and ETFs to choose from. Anyone can become an owner of even the most expensive shares of Google, Amazon, or Apple, gradually increasing their share.

Trading 212 is controlled by the Financial Conduct Authority. Investments are held in a separate account and protected by the Financial Services Compensation Scheme, so users have “insurance” if the company goes bankrupt. The platform does not charge a commission when buying shares, but other fees may be specified in the trading conditions.

Source: uktech.news

The app has a 4.2-star rating on Google Play. Judging by the reviews, this is a great tool for teaching beginners how to trade online.

Trade Republic

Unlike Trading 212, the Trade Republic mobile broker also provides an opportunity to invest in derivatives and cryptocurrencies commission-free. The platform offers to start with free shares up to €200 and gradually improve the investment strategy. About a million Europeans are already “growing” income with the platform using the savings plans it offers.

To open an account, you need to make about three clicks. It is also clear and fast, transactions are easy to carry out, and expenses can be tracked through the platform. The functionality is implemented for beginning investors, there are no complex options (like sorting the list of observations) yet. But it is easy to set up a personal savings plan in the app, where you can deposit money regularly and automatically.

Source: fosspc.com

Revolut

The Revolut app is unique as it collects all accounts of a user on one platform, allowing them to conveniently manage funds. The platform “teaches” how to save on purchases and skillfully invest money, earning up to 1.2% annual interest. When owners have a complete picture of expenses, it is easier for them to adjust the budget and save or invest a certain part of their money in cryptocurrency, stocks, goods, and storage.

Revolut allows you to trade 30 cryptocurrencies with a single tap with a minimum budget of $1. The platform sends notifications to let users know when the digital currency reaches the desired value. The news feed informs about important updates on the cryptocurrency exchange and other financial announcements. According to a similar principle, the platform works for buyers of shares (up to 1500 companies are available), gold and silver, or accumulators (money vaults).

Source: dribbble.com

Thanks to the advanced features and versatility of the application, it has been downloaded more than 10 million times. Its rate on Google Play is 4.4 stars.

Freetrade

The Freetrade stock trading app is a real treasure chest of knowledge and opportunities for stock beginners. Users can become owners of 6,000 shares (even a small share worth £2). Traders have access to stocks that are listed on London Stock Exchange, NYSE, NASDAQ, and others.

The platform offers free investment accounts with flexible unlimited investment or paid accounts with facilitated conditions (tax-free investments, ISA shares, retirement savings control). In any case, a user with basic trading skills can easily create their portfolio and keep track of a suitable one. The application publishes free investment guides and articles with professional market analysis to upgrade your skills. Freetrade is a young but highly rated online trading tool (4.8 stars on Google Play).

Source: money-side-up.com

Conclusion

The desire to save money and, if possible, increase the amount is a prudent decision. Even though the stock market is experiencing periodic ups and downs in times of crisis, the share of people willing to invest is above 50%. Even COVID-19 hasn’t changed the situation. Clients moved their portfolios to lower-risk investments and continued playing. People understand that they need a cash cushion and a stable passive income to survive in times of crisis. Young investors come to the market. They want to put the accumulated money to work before inflation swallows it up. The custom financial services from our top are quite capable of this task.