Best Swing Trading App for 2024 - TOP 5 Comparison

Detailed Review of the Best Swing Trading Apps

To make an informed choice of a mobile app, you need to read a detailed review of the broker offering it. This will help you to learn more about the company in general and its mobile app in particular. Traders Union experts have prepared the required information to help you make the right choice.

RoboForex is the best broker for a beginner trader

RoboForex is one of the best brokers for novice traders. Practice shows that newcomers choose this company primarily for its reliability and comfortable trading conditions. The minimum deposit at RoboForex is only $10. It is a small amount, but it is enough to understand the trading specifics and understand how the Forex market generally works.

Orders of RoboForex clients are immediately brought to the international market, working according to the "A-Book" principle, excluding a possible conflict of interest with the broker within the system itself.

RoboForex offers its clients the opportunity to invest in ETFs through its proprietary innovative trading platform - R StocksTrader. In it, you will find a variety of charts and quotes updated online for the following instruments: 12,000 stocks, currency pairs, indices, and ETFs. The minimum deposit to get started with R StocksTrader is $100. Additionally, an accessible constructor is built into the platform, which allows you to create trading robots on your own without programming skills. You can test the created Expert Advisor on a demo account.

ETF trading at RoboForex is available with leverage up to 1:20, depending on the selected account type. The minimum commission is 0.25 USD, and the spread is 0.01 USD. These instruments are traded 24/7, and the Stop Out level is 20%. The maximum number of ETF instruments available for investment through R StocksTrader is over 8400.

Another competitive advantage of the RoboForex broker is its innovative liquidity aggregation technology. It is also worth noting that RoboForex uses direct entry of orders to the market - STP, ECN. Advanced technologies for bringing client transactions to international platforms allowed the company to achieve excellent results in order execution speed (90-100 ms) with an average value of this parameter elsewhere in the market is 500 ms. In general, there are no negative reviews on the processing speed in RoboForex.

Exness is a universal Forex broker for traders with varied trading experience

Due to a wide choice of trading instruments and platforms, Exness is suitable for traders with any background. Experienced market participants can trade with unlimited leverage and keep any number of open positions. For this, they use desktop MetaTrader 5 with advanced technical analysis tools.

Less experienced traders can use Standard account types, all versions of Exness MT4, and Exness proprietary platforms with easier-to-use functions than those of MT5. Any trader can first open a demo account to practice, and later open a cent account. Exness provides different types of analytics that help traders make informed trading decisions.

Tools to improve trading efficiency:

• Forex calculators. These tools are used to calculate margin, spreads, the value of 1 pip, fees, and swaps (short and long);

• Free VPS. It is provided for account types with a balance over $1,000 or with a monthly trading volume of $500,000 subject to the account balance of $500-$999.

TeleTrade is the right broker for beginners and experienced traders

TeleTrade is one of those companies that combine wide functionality and technological effectiveness. The broker offers a lot of educational materials to  help novice traders learn how to trade in the Forex market. The company's clients can start trading with a $10 deposit.

The brokerage company is suitable for traders who prefer various strategies: pipsing, light intraday trading, as well as medium-term and long-term trading. TeleTrade offers quick order execution (Market Execution, Instant Execution). Traders working with the broker can use popular trading platforms MetaTrader 4 and MetaTrader 5 for trading and market analysis Both desktop and mobile versions of the platforms are available for devices running on Android and iOS.

The company offers a lot of services for forecasting the market situation and price movements for selected financial instruments.

TeleTrade provides the following analytical services:

• quotes from major banks;

• banks’ interest rates;

• market and central bank news;

• economic calendar and holiday calendar;

• technical analysis;

• market reviews;

• trading signals.

Libertex is one of the best brokers for a novice trader and a professional.

The program from Libertex broker has a clear interface.

The available leverage for retail clients is up to 1:30.

Libertex charges tight spreads.

The quote chart provided on the Libertex platform includes time frames as well as a convenient scaling function. There is a comfortable service allowing you to change the display format of the underlying asset value. It can be represented as a line, Japanese candlesticks, or a zone. In general, it is quite informative.

Libertex offers over 45 indicators. Also, the basic necessary tools for analysis are built into the terminal.

The Libertex Trading Platform is updated regularly. Libertex is now a worthy competitor in the financial markets offering both MT4 and MT5 preferred by the majority of traders globally.

As for the withdrawal of funds, here is the standard set: electronic wallets, bank accounts, and cards.

Trading terminals and services of Libertex:

• Libertex - a unique platform that allows you to trade from mobile devices, laptops, or desktop PCs. It is compatible with devices running OS such as Android and iOS, macOS, and Windows. This is a single trading platform, which has no analogs yet;

• On the site of the platform’s creators you can also find useful analytical materials that might help increase the efficiency of trading operations.