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Wednesday, October 20, 2021

Best Stock Trading App For Beginners

Are you finding that best stock trading app for beginners? Are you the type that has no idea what stock is but still want to trade in stocks? If you answer yes to any of the questions, don’t worry, we got you. Stocks have been on the rise ever since the pandemic in January 2020. Many beginners started to learn what, how and why stocks are essential. And to make it simple, there are many trading apps on the PlayStore and AppStore, but which ones are the best?

eToro – Invest in Stocks, Crypto & Trade CFDs

Best Stock Trading App For Beginners
eToro’s Web Interface

eToro was founded in 2007 and based in Israel, where it has many customers in over 100 countries. eToro mostly serves cryptocurrency traders in the US; however, clients can trade multiple stocks and contracts outside of the US. The critical feature of eToro is copy trading. It means that it allows you to mimic trades and trading strategies of whoever you want, in real-time. Of course, there’s no guarantee of profiting just by copying the pros.

Opening an account with eToro is simple. Head over to eToro’s website and submit all the required information. Upon submitting, there will be 1-4 days of waiting time before your account is verified and opened. The minimum deposit varied based on your country. The minimum goes from $50 to $5000. You can deposit using Paypal, Neteller, Rapid Transfer, Sofort, iDEAL and Skrill.

How To Trade In App

To trade is simple – you need to click the “trade” button while choosing which coin you want to buy. From there, the “Buy” and “Sell” button will be prominent. Just remember that you can’t sell a portion of an individual lot. For example, if you buy $50 of Etherium, you need to sell the entire transaction.

Trading 212 – Stocks, ETFs, Forex, Gold

Best Stock Trading App For Beginners
Trading 212’s Web Interface

Another best stock trading app for beginners is Trading 212, which was founded in 2006, and it was based in London that target to make trading available for the people. It allows traders to trade a variety of assets like Forex, commodities, stocks, crypto and gold.

Trading 212 has a demo account for you to let you try out their platform for first users without the need to register. As with other trading apps, you need to register and verify your identity before you can officially trade within the app. It might take 7-14 days before they can verify your account. You can deposit using Paypal, Skrill, DotPay, Giropay, Direct eBanking and of course your Credit Card Payments.

How To Trade

Trading in the app is simple. The button for the “Buy” and “Sell” is clear. Limitation for the app is that it does not support short selling.

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