Many traders in Asia use mobile apps to trade. Many brokers operate in this country, each offering their own platform. Before making a choice, it is important to evaluate apps to find the one that perfectly suits your goals and strategy. TU analysts compared Top 5 mobile apps. You will be able to choose the Best Online Trading App in Asia for 2024, based on our assessments.
eToro is an international broker for trading and investing in assets, copying trades of experienced market players and earning income on offering your own successful strategy. The activities of eToro are controlled by European financial regulators: CySEC and FCA. The broker offers its clients the opportunity to trade indices with a maximum leverage of 1:20 and ETF instruments with a leverage of 1:5. Size of leverage in eToro can also vary depending on the regulation of the division of the broker you work with.
CapTrader — works according to the ECN scheme and thus provides its clients with direct access to liquidity providers. The company's clients can access such instruments as Forex, futures, options, stocks, ETFs, etc. In addition, CapTrader offers two programs for investing through MAM accounts. CapTrader is an Interactive Brokers Introducing Broker targeted at a European audience. The broker's minimum deposit is $2,000, and the maximum leverage is 1:20.
Webull is a trading and investing broker focused on experienced market participants.
SpeedTrader strives to cooperate with traders with significant capital reserves who have hands-on experience in trading on the stock markets.
The SogoTrade broker aims to cooperate with experienced traders and investors who are willing to pay higher trading commissions than competitors.
1
Best Online Apps in Asia - eToro
The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA.
👍 Advantages of trading with eToro for traders in Asia:
•High level of reliability ensured by the licenses of respected regulatory authorities and participation in the compensation funds.
•Wide selection of assets quoted at stock exchanges in the UK, U.S., Australia and Asia.
•An opportunity to combine active trading with social trading and passive investing.
•Zero-fee trading of a number of stocks.
•Access to ready-made diversified asset portfolios with various risk levels.
•Provision of leverage, educational materials on various markets and user-friendly trading platforms that can run on any device.
•Zero fees for portfolio management, depositing funds and account maintenance.
👎 Disadvantages of eToro for traders in Asia:
•High minimum deposit for users of a number of countries.
•No live chat on the website for quick connection to customer support.
2
Best Online Apps in Asia - CapTrader
CapTrader is a Forex broker, which was founded in Germany in 1997. The company is headquartered in Dusseldorf. CapTrader is an Introducing broker to Interactive Brokers. The platform uses Interactive Brokers software, which is why the brokers have identical user accounts, trading platforms and products. CapTrader provides access to 7 categories of assets and trading instruments: Forex, commodities, stocks, ETFs, futures, options and CFDs. The company is regulated by the Federal Financial Supervisory Authority (BaFin, 10156708). In addition it is an introducing broker and the European licenses from the regulators of Ireland and the UK (208159) held by Interactive Brokers apply to it as well.
👍 Advantages of trading with CapTrader for traders in Asia:
•Partnership with a well-known broker – International Brokers.
•Access to 145 global stock markets.
•70,000+ trading instruments.
•3 types of trading platforms.
•Access to analytical service Trading Workstation.
👎 Disadvantages of CapTrader for traders in Asia:
•High minimum deposit – $2,000 or an equivalent.
•Limited education options.
•Technical support is available 24/5.
3
Best Online Apps in Asia - Webull
Webull is an American broker-dealer headquartered in New York City and is a FINRA (CRD#: 289063/SEC#: 8-69978), SIPC, NYSE, and NASDAQ member. The company was incorporated in May 2017, and in January 2018 it was already registered with the SEC and CFTC. It is part of Webull Financial LLC and is licensed to carry out brokerage activities in all 50 US states. The broker offers a wide range of stock market assets, futures, professional analytics and an intuitive trading platform with a variety of technical and fundamental analysis tools.
👍 Advantages of trading with Webull for traders in Asia:
•Zero commission when trading stocks, options, and ETFs.
•No minimum deposit requirements for brokerage and retirement (IRA) accounts.
•Access to professional intelligent analytics and trading tools.
👎 Disadvantages of Webull for traders in Asia:
•There is no support for trading in mutual funds, futures, bonds or stocks of the OTC markets.
•It doesn’t provide an opportunity to make transactions with currency pairs.
•Cryptocurrency trading is available only in mobile applications.
•Replenish your account from $2,000 to trade with favorable leverage.
4
Best Online Apps in Asia - SpeedTrader
SpeedTrader is a stock market broker that started operations in 1999 under the brand name Mint Global Markets, Inc. The broker is currently regulated by the Financial Industry Regulatory Authority (FINRA, CRD#: 107403/SEC#: 8-53035 ) and is a member of the Securities Investor Protection Corporation (SIPC). SpeedTrader provides online trading platforms with a collection of analytical instruments as well as trading software with direct access to renowned exchanges. The company is headquartered in New York, USA.
👍 Advantages of trading with SpeedTrader for traders in Asia:
•SIPC insurance coverage and FINRA membership.
•Availability of an affiliate program.
•Proprietary trading platforms.
•Daily update of the list of available assets.
•Online chat for urgent issues.
•Trade routing.
•Optimized web platform.
👎 Disadvantages of SpeedTrader for traders in Asia:
•The high minimum deposit for day trading (from $30,000) and a fee for using the trading platform.
•Inability to trade cryptocurrency and Forex instruments.
•Time-limited free demo account.
5
Best Online Apps in Asia - SogoTrade
SogoTrade is a US registered broker that has been operating since 1986. It offers a wide range of stock market assets, proprietary trading platforms with built-in analytics, and forecasting tools. The broker is a member of FINRA (CRD#: 17912/SEC#: 8-35930) and SIPC, and has offices in New York and Chesterfield (Missouri). The company's regional service center also serves customers from China, Taiwan, and Hong Kong. In 2020, the financial portal GOBankingRates named SogoTrade as the best online broker for day trading and for novice traders.
👍 Advantages of trading with SogoTrade for traders in Asia:
•FINRA and SIPC membership.
•A variety of investment products for generating passive income, including diversified portfolios of securities with different levels of risk and reward.
•The minimum deposit for the Cash Account starts at $0.
•A wide range of analytical tools such as stocks and options, screeners, P&L calculators, daily newsletters, third-party analyst ratings, reviews, and more.
•The existence of a proprietary platform for online options trading.
👎 Disadvantages of SogoTrade for traders in Asia:
•The broker withholds $2.88 for market trades in stocks, as well as a commission for each contract when trading options.
•There are no cash bonuses for opening an account or making a deposit.
•The minimum investment for working with investment portfolios is $25,000.
Best Online Trading App in Asia 2024: Education for Investors
When choosing the app, it is important to consider educational tools offered by brokers. TU analysts prepared a comparison of educational programs.
eToro - Education for Investors
Investment Education Online
eToro pays special attention to the education of traders. The broker’s website features information about what copy trading, leverage and margin are. There are also descriptions of how to buy and sell various types of financial instruments.
Upon completion of registration, any trader can create a free demo account with a virtual deposit of $100,000 and practice trading in an entirely risk-free environment.
CapTrader - Education for Investors
Investment Education Online
Education on the platform is rather limited to only webinars. At that, CapTrader does not provide the schedule of the events; you can find out about it only by contacting the technical support.
The broker does not offer a cent account, which is why the demo account is the only option to test your knowledge in real life.
Webull - Education for Investors
Investment Education Online
There is no training or education section on www.webull.com. You can find useful information by clicking the Help button. In addition to reference data covering the stock exchange, the company's website has a blog and a Market section with an overview of the trading markets.
Trading on a demo account allows you to consolidate the acquired theoretical skills in practice without financial risks.
SpeedTrader - Education for Investors
Investment Education Online
No training is offered on www.speedtrader.com. But the Resources section contains articles on fundamental analysis and how to use technical indicators in trading. It also features video tutorials and webinar recordings from successful traders and leading SpeedTrader analysts.
Working on a demo account makes it possible to test the trading terminal and create a profitable strategy without the risk of losing capital.
SogoTrade - Education for Investors
Investment Education Online
Training materials on investing in the stock market are available in the Education Center section. All information provided is intended for novice traders who do not even have basic knowledge of the securities market.
The information is written in simple language and divided into blocks for quick and convenient search.
Summary
In this review, you had an opportunity to learn about the features of 5 brokers, which traders in Asia choose the most. However, now you need to choose the best of them. You can do it using the scores given by the Traders Union. Check out the score table that will help you choose the Best Online Trading App in Asia 2024.
| eToro | CapTrader | Webull | SpeedTrader | SogoTrade | |
|---|---|---|---|---|---|
|
Overall score |
9.4 |
9.2 |
8.5 |
7.05 |
7.55 |
|
Execution of orders |
9.1 |
8.9 |
8.2 |
6.84 |
7.34 |
|
Investment instruments |
9.7 |
9.5 |
8.8 |
7.26 |
7.76 |
|
Withdrawal speed |
9.5 |
9.3 |
8.6 |
6.9 |
7.4 |
|
Customer Support work |
9.3 |
9.1 |
8.4 |
7.2 |
7.7 |
|
Variety of instruments |
9 |
8.8 |
8.1 |
6.68 |
7.18 |
|
Trading platform |
9.8 |
9.6 |
8.9 |
7.42 |
7.92 |
|
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FAQ
Do all brokers offer mobile apps for iOS and Android?
Unfortunately no. Some companies focus only on one operating system. Before opening an account make sure that the broker offers the version for your operating system.
Does the functionality of apps differ from that of the web version?
It depends on the broker. A good quality mobile app replicates the functionality of the web version either fully or as much as possible.
Can a platform function less effectively in the app than in the web version?
The platforms of reliable brokers with good apps work as smoothly as the web version. Therefore, there are almost no instances when the app runs poorly and the web version runs well. That may happen only in case of technical failures, which also happen rarely if the app is good.
If I remove the app from my phone and then reinstall it, will I lose the information?
No. The information is stored in the user account on the server. You will need to enter your username and password, pass two-factor authentication (if applicable) and you will have full access to your information.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.