It has never been simpler to trade on an Android device than it is right now. All of the leading brokers now offer trading and investment applications as a result of the phenomenal growth the mobile trading market has seen over the past few of years.
Naturally, this has increased the number of apps available than ever before while also making it more difficult for traders to choose which Android app to use for trading. As a result, we asked our team of specialists to examine the market and evaluate the top apps in order to find the finest one.
It didn’t take us long to find the online broker eToro, and we were immediately surprised by the high caliber of this trading program. The broker not only provides fantastic trading and investment chances, but it also features a distinctive social network where you may mimic other, more successful traders.
Advertisement In fact, we have come to believe that eToro offers the best trading app for Android, and we’ll tell you all about it in the piece that follows.
MOST VALUED AMONG EXPERTS AND USERS When reading about the eToros trading software, the first thing that stands out is how highly it is regarded everywhere. For instance, it is frequently rated as the finest app and the best online broker overall at the top broker review site, TradingGuide.co.uk .
The same holds true for other major websites in the sector, such as Investopedia and many others. We do take this ranking extremely seriously and place all of our trust in the opinions of experts because we are Android experts and not trading experts.
Advertisement That is not all, though. eToro also holds the #1 spot on other review sites with input from actual people. For example, eToro has a 4,2 out of 5-star rating based on 16,619 ratings on Trustpilot. And we observe comparable figures in both app marketplaces. eToro has a 4,2 out of 5 star rating based on 5,253 reviews in the App Store (for iOS).
The rating it has in Google Play is now the key factor in our decision to call this the greatest trading and investment app for Android. A whopping 123,236 reviews gave eToro a 4,2 out of 5 star rating at the time of writing! Consequently, it is among the best trading apps for Android users ever.
Now that we have everything out of the way, let’s examine more closely at the applications of eToro.
Advertisement TRADES ON ETORO Online trading is eToro’s primary offering. This is accomplished by using a derivative class known as CFDs (Contracts for Difference), which enables market speculation.
eToro allows you to trade on:
3,000 international stocks, 264 ETFs, and 76 cryptocurrencies 23 commodities, 49 currency pairings This is more than enough for the majority of retail and professional traders, as you would have anticipated. And it implies that you can trade on your Android and profit from all of the major financial markets in the globe simultaneously. In fact, trading cryptocurrencies is possible concurrently with trading equities, currencies, etc.
Advertisement Additionally, eToro’s trading interface is simple to use, extremely effective, and quite affordable due to their tight spreads on the majority of assets.
The spread, which is how CFD and FX brokers profit, is the difference between the bid and the asking price. It resembles the commission stockbrokers charge quite closely.
AN INVESTMENT IN ETORO Long-term investments were added to eToro’s services a few years ago, and they are currently among their most well-liked offerings. You can already invest in stocks and cryptocurrencies, and all stock purchases come with no commission.
Advertisement The variety of equities available spans all the major markets as well as various other parts of the globe.
In addition to all of this, eToro offers excellent educational resources for anyone wishing to advance their knowledge and skills. Consequently, even for beginners, this Android trading app is a wonderful choice.