6 Best Apps to Buy Stocks in July 2021

With retail trading becoming an increasingly popular activity among millennials and Generation Z investors, finding the right broker has become an important task to get started on this journey.

Fees have now taken the back seat as the primary reason for picking a provider as most brokerage firms have slashed their trading commissions to zero, with other characteristics now being prioritized by investors as is the case of top-notch trading platforms including well-designed and user-friendly mobile interfaces.

The following article shares the 6 best mobile stock trading apps currently available for investors in and outside the United States to help you in short-listing your candidates if you consider yourself a trader on the go.

#1 – CedarFX

Launched in 2020, CedarFX is a brokerage firm based in St. Vincent and the Grenadines and regulated by the country’s financial authorities.

CedarFX offers zero-commission trading for over 170 tradable assets including an exclusive selection of individual stocks, crypto, and forex pairs. The minimum deposit required to open an account with this provider is just $10 and leverage ratios offered can go up to 1:500.

Deposits can only be made in Bitcoin, although credit and debit cards are accepted yet the deposit is processed as a Bitcoin purchase that is then transferred to CedarFX.

Cedar has introduced an eco-friendly approach to trading that involves plating up to 5 trees per every lot traded with this broker if you sign up for their Eco Account.

Meanwhile, traders can use Meta Trader 4 (including its mobile version) to operate with this provider and they can contact customer service via a live chat feature that can be found at the broker’s official website.

67% of all retail investor accounts lose money when trading CFDs with this provider.

#2 – eToro

etoro mobile app

eToro is one of the world’s most popular retail stock trading platforms, currently offering zero-commission trading for thousands of different instruments including stocks, exchange-traded funds (ETFs), commodities, forex, and indexes either directly or via contracts for difference (CFDs).

According to this broker’s latest quarterly update, it served over 20 million registered investors from over 100 different countries, offering a user-friendly platform that includes a social feature.

As a social trading platform, eToro allows users to interact and learn from each other by providing an interface through which investors can communicate, share their portfolios with the community, exchange trading and investing ideas, and even copy the portfolios of successful investors within the platform.

An account can be opened with this provider with as little as $200 in most countries while eToro does not charge any fees for deposits. Stocks and ETFs from all over the world can be traded through the eToro platform along with many other asset classes including cryptocurrencies, commodities, forex pairs, and indexes.

The eToro app is available for both Android and iOS devices and most of the features that can be accessed from the web version are also available within the app. iOS users have given the app 3.5 stars through over 5,000 ratings while Android users have given the app a 4-star rating.

This provider is regulated by multiple top-tier jurisdictions including the Financial Conduct Authority (FCA) in the United Kingdom while the firm is headquartered in Israel.

67% of all retail investor accounts lose money when trading CFDs with this provider.

#3 – Capital.com

capital.com mobile app

Capital.com is a UK-based brokerage firm that has been around for 5 years now, offering traders the possibility of transacting with US and UK stocks via contracts for difference (CFDs).

This platform offers access to companies in the United Kingdom – which are often not made available by other providers – while charging relatively low commissions per trade via bid/ask spreads.

With Capital.com, an account can be opened with as little as $20 while this broker offers the possibility of accessing high levels of leverage via CFDs. Since the company is headquartered in the United Kingdom, Capital.com is regulated by the Financial Conduct Authority (FCA) along with other regulatory agencies from Cyprus and Belarus.

Instruments that can be traded with this provider include over 3,000 individual stocks, 53 commodities, 84 cryptocurrencies, 142 forex pairs, and 34 stock indexes – all offered via CFDs.

iOS users have rated the mobile app with 4.7 stars after 1,300 ratings while Android users have given Capital’s app a 4.3-star rating as well. Similar to eToro, most of the features that are available in the web-based version are also accessible via the mobile app.

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

#4 – AvaTrade

avatrade mobile app

AvaTrade is an Ireland-based CFD broker that offers advanced trading systems and access to a wide range of financial instruments including stocks, commodities, and forex pairs.

This provider charges low fees for trading the CFDs offered within its platform and lets users open an account with a small minimum deposit of $100. The firm is regulated by multiple top-tier jurisdictions including the Japanese Financial Services Agency (FSA) and the Australian Securities and Investments Commission (ASIC).

With Ava, traders get the chance to trade over 600 different individual stocks and 32 stock indexes along with dozens of forex, crypto, and commodity instruments. Additionally, AvaTrade has made available a platform called AvaOptions, which provides insightful information for options traders including strategies, profit/loss analysis, and options chains.

AvaTradeGo is the name of this broker’s mobile trading platform and it is available for both iOS and Android devices, having received 4.5 ratings in both platforms from a combined total of almost 6,000 users. Moreover, the firm has also made available a mobile version of its AvaOptions trading software.

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

#5 – Libertex

libertex mobile app

Libertex has been in the brokerage business for nearly 25 years now, offering traders access to over 200 different financial instruments including stocks, forex, cryptocurrencies, and commodities.

Headquartered in Cyprus, the Libertex platform is owned by Indication Investments Ltd, a company that is regulated by the Cyprus Securities and Exchange Commission (CySEC).

Opening an account with this provider is fairly easy and can be done in minutes, with the minimum deposit required standing at $100 at the moment. According to the company’s reports, Libertex currently serves over 2.2 million clients worldwide from 40 different countries.

Trading fees are relatively low compared to other brokers and they are embedded into the instrument’s spread. However, for some instruments, no trading commissions are charged.

iOS users have given Libertex’s proprietary mobile trading platform a 3.4 stars rating while over 20,000 Android users have given the firm’s app a 4.1-stars rating. Additionally, Libertex also supports trading via Meta Trader 4 and Meta Trader 5.

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

#6 – Forex.com

forex.com mobile app

Founded in 2001, Forex.com has become the go-to broker for thousands of customers worldwide. The company is owned by StoneX Group, a US-based publicly traded financial services company that has over 10 years of positive track record in the industry.

The platform is regulated by multiple top-tier agencies including the British Financial Conduct Authority (FCA) and the United States Commodity Futures Trading Commission (CFTC).

An account with this provider can be opened with as little as $100 and trading fees are charged via bid/ask spreads for retail accounts. The portfolio of instruments that can be traded with Forex.com includes 91 forex pairs, 20 indexes, 380 stocks, 29 commodities, and 9 cryptocurrencies – all traded via contracts for difference (CFDs).

Almost 200 users have rated this provider’s Android mobile trading app with 3.1 stars while iOS users have given Forex.com’s mobile solution a 3.4-star rating. All types of orders and instruments offered by this provider are available from within the app and users can set alerts and notifications for multiple different stock-related events via the Forex.com app as well.

77% of all retail investor accounts lose money when trading CFDs with this provider.

About Alejandro Arrieche PRO INVESTOR

Alejandro is a freelance financial analyst with 7 years of experience in the industry. He writes technical content about economics, finance, investments, and real estate and have also assisted financial businesses in building their digital marketing strategy. His favorite topics are value investing, market, and technical analysis. Other publications Alejandro has written for include The Modest Wallet, Capital.com, and LearnBonds. Other publications Alejandro has writtend for include The Modest Wallet, Capital.com, and LearnBonds.