Many traders in Pakistan 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 Pakistan for 2024, based on our assessments.
Revolut provides its clients access to shares of international and American companies, cryptocurrencies, and metals. For investors, Revolut offers a social trading program. Revolut's copy trading platform is trendy among investors because it has a forum for traders to communicate with each other in real-time. Also, various charts and indicators are available in the Revolut trading platform for technical analysis. Revolut is a company actively developing and plans to make all of its services available to foreign citizens. Fractional share trading offered by the broker allows beginners to learn trading without high financial risks.
Interactive Brokers is a reliable brokerage company that is popular with traders from all over the world. Interactive Brokers offers its clients an author's web terminal as a trading platform with a convenient and understandable interface - the "Client Portal." In addition, the company has an IBKR API available for developing custom software. Interactive Brokers also has investment programs. Currency pairs, metals, stocks, indices, and several other stock market instruments are available to clients as trading instruments. The company accepts clients from the USA. Interactive Brokers offer better conditions to professionals and are not focused on novice traders.
Robinhood markets is focused on working with traders from America but does not provide opportunities for active trading in currency pairs.
Easy Equities is a broker for active and passive investors. The company provides optimal conditions for users regardless of their investment experience, and offers access to trading fractional shares and accounts for children under age.
The ARMO broker is suitable for traders and investors with different trading styles. However, the services range of the company does not include the possibility of earning passive income. ARMO is designed for cooperation with active market participants and provides services to professional and novice traders alike, regardless of the country of residence.
1
Best Online Apps in Pakistan - Revolut
Revolut is a British fintech company that has been providing investors with accounts for trading precious metals, cryptocurrencies, and stocks listed on U.S. exchanges since 2015. The broker offers its clients access to investing in stocks and ETFs on European stock exchanges. For organizations and private clients, the company offers a multi-currency account with the possibility of exchanging currencies at the current inter-bank exchange rate. Revolut is supervised by the Financial Services Authority (FSA).
👍 Advantages of trading with Revolut for traders in Pakistan:
•In addition to stock trades, customers can trade cryptocurrencies and precious metals.
•The broker offers commission-free trading plans.
•The minimum number of shares to buy is 0.00000001.
•There are no minimum deposit requirements.
•Social trading is available, which allows newcomers to the stock market to copy trades of successful traders.
•Communication with the support service via chat is available in the mobile application 24 hours a day.
•There is no fee for opening and maintaining a trading account.
👎 Disadvantages of Revolut for traders in Pakistan:
•Stock trading is currently only available to UK residents.
•Operations in precious metals and cryptocurrencies are not regulated by supervisory authorities.
•The company does not offer fiduciary management of its investment portfolio.
2
Best Online Apps in Pakistan - Interactive Brokers
Interactive Brokers is among the best-known US investment companies, operating since 1977. The broker offers to trade currency pairs, but its basic instruments are stocks, CFD, indices, metals, ETF, futures, and other exchange market assets. The company is regulated by the US Securities and Exchange Commission (SEC), the US Financial Industry Regulatory Authority (FINRA), the UK Financial Regulatory Authority (FCA, 208159), and other international financial regulation commissions. In 2020, the broker was awarded the "Best Online Broker” (Barron's) and "Best Broker for Economical Investments" (NerdWallet) titles and got five stars in the Online Stock Trading for Traders category (Canstar). Also, the broker is popular in other countries. Here you can read reviews of Interactive Brokers in Canada, Singapore, Australia, Hong Kong, Ireland.
👍 Advantages of trading with Interactive Brokers for traders in Pakistan:
•wide range of training materials;
•access to 135 markets in 33 countries;
•a huge subset of trading instruments.
👎 Disadvantages of Interactive Brokers for traders in Pakistan:
•website interface is only partially translated into other languages;
•you have to pay for an inactive account;
•Support service does not work on Saturday and Sunday;
•long and complex registration procedure;
•no cent accounts for novice traders.
3
Best Online Apps in Pakistan - Robinhood
Robinhood is an investment company that has provided services on the stock market for over ten years. Its owners engaged in software development for hedge funds ab initio and then teamed up to create a company that makes investing available to all. The broker is licensed to provide its services and is a member of the Financial Industry Regulatory Authority (FINRA, CRD#: 165998/SEC#: 8-69188) in the United States. There is no information about the broker receiving awards for their activities.
👍 Advantages of trading with Robinhood for traders in Pakistan:
•trading stock market instruments without paying commissions;
•the ability to trade from mobile devices;
•hassle-free registration procedure.
👎 Disadvantages of Robinhood for traders in Pakistan:
•the broker does not offer Forex instruments for trading;
•there are no offers for receiving passive income;
•training materials on the website are limited;
•the company works with clients exclusively from the US;
•lack of online support.
4
Best Online Apps in Pakistan - Easy Equities
Easy Equities (EasyEquities) is a US stock broker providing financial services in the international market. The company opens access to South African, American and Australian markets and provides an opportunity to trade fractional shares. Investors can choose an individual or corporate account and there are also accounts for children. EasyEquities is a part of two licensed financial services companies — First World Trader and Purple Group.
👍 Advantages of trading with Easy Equities for traders in Pakistan:
•Demo accounts with two base currencies to choose from: USA and ZAR.
•Low trading commissions and zero non-trading fees.
•An account for children under age.
•No required minimum deposit amount.
•A possibility to invest independently or use investment offers of the broker.
•Residents of the majority of countries can open an account with the broker.
•Fractional shares are among trading instruments available to traders.
👎 Disadvantages of Easy Equities for traders in Pakistan:
•Deposit and withdrawal take several days.
•The broker offers very few methods of contacting customer support.
•There is no information about the authorities regulating the operation of Easy Equities.
5
Best Online Apps in Pakistan - ARMO Broker
ARMO is a stockbroker based in Germany that provides financial services internationally. The conditions of the company are suitable for traders and investors with any level of knowledge in stock market trading, and it also provides access to a training center. There are no investment offers or methods to get passive income at the ARMO broker; therefore, the broker cooperates exclusively with active market participants only. Among the trading instruments at ARMO are stocks, options, futures, bonds, exchange-traded funds, CFDs, and Forex. In total, the company has over a million assets.
👍 Advantages of trading with ARMO Broker for traders in Pakistan:
•The broker provides a free demo account.
•ARMO customers can open a multi-currency account.
•The company provides training materials for beginners and professional traders.
•It protects client capital.
•ARMO clients have access to a wide range of trading instruments.
•There is no commission for non-trading activities.
👎 Disadvantages of ARMO Broker for traders in Pakistan:
•High level of minimum deposit.
•The company does not provide programs and services to receive passive income.
•There are few ways to replenish the deposit and withdraw funds.
Best Online Trading App in Pakistan 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.
Revolut - Education for Investors
Investment Education Online
Revolut doesn't offer training programs on the basics of stock trading. But the company's site has a blog section, which contains articles and videos with investment tips from Revolut experts and a description of the nuances of stock trading.
The information presented in the Blog section can be useful not only for beginners but also for professional investors.
Interactive Brokers - Education for Investors
Investment Education Online
Information
Interactive Brokers provides clients with useful information to help novice traders to get Forex training and to help novices and professionals to improve their skills.
We highly recommend you use the IBKR trial version to test your knowledge in practice without financial risk.
Robinhood - Education for Investors
Investment Education Online
Robinhood Markets not only allows clients to invest but also explains the basics of investing.
The user won’t learn the ropes about the stock market without risks since there are no demo accounts in Robinhood.
Easy Equities - Education for Investors
Investment Education Online
Easy Equities is a broker that provides investment opportunities to its clients regardless of whether they have experience or not. There is a section on the company’s website featuring educational materials that can help the beginners understand the basics of investing and provide additional information to the more experienced traders.
Users can test new trading strategies and their trading skills on free demo accounts. There are two virtual demo accounts: a USD account with a balance of $10,000, and ZAR account with ZAR 100,000.
ARMO Broker - Education for Investors
Investment Education Online
The ARMO broker provides services for active traders. Therefore, the company offers a section with training materials, thanks to which professionals can develop professional skills, and novice players can learn to trade in stock and other markets.
ARMO Broker’s clients can test their knowledge of trading various assets, as well as test new trading strategies on a virtual demo account. It eliminates financial risks, but it is also impossible to make money on such an account.
Summary
In this review, you had an opportunity to learn about the features of 5 brokers, which traders in Pakistan 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 Pakistan 2024.
| Revolut | Interactive Brokers | Robinhood | Easy Equities | ARMO Broker | |
|---|---|---|---|---|---|
|
Overall score |
9.5 |
9.1 |
8.2 |
5.65 |
5.7 |
|
Execution of orders |
9.2 |
8.8 |
7.9 |
5.44 |
5.49 |
|
Investment instruments |
9.8 |
9.4 |
8.5 |
5.86 |
5.91 |
|
Withdrawal speed |
9.6 |
9.2 |
8.3 |
5.5 |
5.55 |
|
Customer Support work |
9.4 |
9 |
8.1 |
5.8 |
5.85 |
|
Variety of instruments |
9.1 |
8.7 |
7.8 |
5.28 |
5.33 |
|
Trading platform |
9.9 |
9.5 |
8.6 |
6.02 |
6.07 |
|
|
|||||
|
|
- Best Futures Trading App In Asia for 2024
- Best Paper Trading App In Asia for 2024
- Best Swing Trading App In India for 2024
- Best Online Trading App In Africa for 2024
- Best Binary Trading App In the Philippines for 2024
- Best Forex Trading App In Uganda for 2024
- Best Futures Trading App In Singapore for 2024
- Best Paper Trading App In Kenya for 2024
- Best Stock Trading App In Jamaica for 2024
- Best Swing Trading App In Pakistan for 2024
- Best Mobile Trading App In Singapore for 2024
- Best Bitcoin Trading App In France for 2024
- Best Futures Trading App In Bangladesh for 2024
- Best CFD Trading App In Indonesia for 2024
- Best Copy Trading App In Italy for 2024
- Best Bitcoin Trading App In the Netherlands for 2024
- Best Stock Trading App In Sri Lanka for 2024
- Best Paper Trading App In Italy for 2024
- Best Swing Trading App In Japan for 2024
- Best Options Trading App In Latvia for 2024
- Best Online Trading App In Uganda for 2024
- Best Copy Trading App In Morocco for 2024
- Best Stock Trading App In Tanzania for 2024
- Best Online Trading App In the Netherlands for 2024
- Best Forex Trading App In South America for 2024
- Best Copy Trading App In Greece for 2024
- Best Paper Trading App In Japan for 2024
- Best Options Trading App In Italy for 2024
- Best Forex Trading App In Romania for 2024
- Best Binary Trading App In Jamaica for 2024
FAQ
Is it possible to register with a broker using the mobile app?
Yes. Brokers provide an opportunity to open an account and pass verification directly in the mobile app.
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.
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.
How are the apps protected against unauthorized access?
As a rule, in addition to the username and password, other security measures apply, for example two-factor authentication. In this case, you will need to enter a unique code to access your account.
Related Articles
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.