Many traders in Romania 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 Options Trading App in Romania 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.
DEGIRO has a high reputation and is a trusted broker for stocks, bonds, funds, options, and ETFs. DEGIRO provides its clients access to more than four world's largest stock exchanges. Trading is carried out through a convenient platform that allows you to track the quotes of the trading instruments you are interested in real-time. Commission fees in DEGIRO are low compared to competitors. DEGIRO is a regulated broker suitable for experienced and professional traders in the Eurozone who prefer to invest in stock market assets.
Swissquote is a broker that targets primarily large investors. The company is licensed by the reputable regulator FINMA and that ensures reliable protection of funds and interests of clients or investors in the event of disputes and conflicts. But for ordinary traders, Swissquote is not very convenient due to its unattractive working conditions. Swissquote is worth considering for those looking to invest from $1 million. If you are one of them, send us an email, and we will consult with you separately and help you do everything as quickly and reliably as possible. For ordinary traders, however, Swissquote is significantly inferior to its competitors in all respects.
AvaTrade is a brokerage company that provides optimal working conditions for all traders with any skill level. The broker provides customers with security by protecting their data and finances, and they are constantly working to improve the service.
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.
1
Best Options Apps in Romania - 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 Romania:
•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 Romania:
•High minimum deposit for users of a number of countries.
•No live chat on the website for quick connection to customer support.
2
Best Options Apps in Romania - DEGIRO
DEGIRO is a Dutch investment company operating since 2008. The broker has been providing online services since 2013. Today DEGIRO is headquartered in Amsterdam and has offices in 18 European countries. Its activities are controlled by the Financial Conduct Authority (FCA, 574048), as well as regulators in the Netherlands: Financial Markets Authority (AFM, 12048408) and Central Bank (DNB, R128868). DEGIRO was awarded over 86 international awards: financial publications of Germany, France, Denmark, and the Netherlands have repeatedly recognized the company as the best stock market broker. How to open a DEGIRO account
👍 Advantages of trading with DEGIRO for traders in Romania:
•Low brokerage fees for trading stock market assets;
•The ability to open transactions on European and American exchanges;
•Simple trading platform functionality.
👎 Disadvantages of DEGIRO for traders in Romania:
•There is no online chat on the company's website.
3
Best Options Apps in Romania - Swissquote Bank SA
The Swissquote brokerage firm has been operating in the Forex market since 1996. The company is regulated by the Swiss Financial Markets Authority (FINMA). The company is a member of the Swiss Bankers Association. It has offices in many financial capitals of the world: Zurich, London, Dubai, Hong Kong and is moderately popular among traders. The company falls short in the category of customer service when compared to other top companies and is significantly inferior to popular Forex brokers in many other respects also. This is reflected in its place in the Forex broker ratings. Swissquote has prioritized reliability, while paying less attention to indicators that are important for each trader, such as the size of the minimum deposit, trading conditions, deposit conditions, and its rules on withdrawing funds. The quality of Swissquote Bank's customer support is also at a satisfactory level, but lower than that of the top brokers.
👍 Advantages of trading with Swissquote Bank SA for traders in Romania:
•availability of a license from an authoritative regulator;
•a wide range of financial services;
•a large selection of deposit currencies.
👎 Disadvantages of Swissquote Bank SA for traders in Romania:
•not very informative and slow working site;
•high spreads and commissions;
•large deposit;
•lack of multilingual support in the live chat;
•few promotions, bonuses, contests, or other special offers;
•a very complicated registration procedure that requires mandatory verification.
4
Best Options Apps in Romania - AvaTrade
AvaTrade was founded in 2006 in Dublin, Ireland. The company has offices in 10 countries. It currently has over 300, 000 registered users and processes more than 2 million transactions every month. These factors contribute to AvaTrade being a reliable and trusted broker. They are accredited across five continents and are one of the market leaders. The broker is regulated by the Australian Securities and Investment Commission (ASIC, 406684), the Japanese FSA ( 1662), and the South African FSCA ( 45984). AvaTrade holds accreditation by the Central Irish Bank ( C53877 ), the Abu Dhabi Financial Services Regulatory Authority (190018), and the British Virgin Islands Financial Services Commission ( SIBA/L/13/1049), CySEC ( 347/17). AvaTrade allows traders to trade stocks, securities, indices, cryptocurrencies, and currency pairs. In total, the offer more than 1,200 tools to customers.
👍 Advantages of trading with AvaTrade for traders in Romania:
•a wide range of trading instruments;
•there is a license for the provision of services on the territory of 5 continents;
•customer service operates around the clock and provides competent assistance to users in 14 languages;
•a wide choice of convenient trading platforms;
•ability to trade from mobile devices;
•availability of an account for representatives of Islam (swap-free);
•for reliable storage of customer funds, the broker uses a segregated account;
•option for automated trading using trading advisors, indicators, and other analysis tools;
•no restrictions on trade and scalping;
•availability of training materials and conducting webinars for beginners and experienced traders.
👎 Disadvantages of AvaTrade for traders in Romania:
•the site interface is not user-friendly;
•customer service efficiency and response time
•trading terminals are prone to occasionally freeze.
5
Best Options Apps in Romania - 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 Romania:
•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 Romania:
•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.
Best Options Trading App in Romania 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.
DEGIRO - Education for Investors
Investment Education Online
An extensive “KNOWLEDGE” section has been created on the DEGIRO website to help novice investors. It is full information about the basics of trading in the stock market, various types of analysis and charts of the world's stock exchanges.
The broker doesn’t offer a demo account, since theoretical knowledge can be immediately applied in the real market.
Can you learn trading with DEGIRO?
Swissquote Bank SA - Education for Investors
Investment Education Online
Information
Videos, e-books, and training webinars are available on the Swissquote website.
All these instruments can be tested only on a real trading account before use, which is a disadvantage and may result in losses.
AvaTrade - Education for Investors
Investment Education Online
Information
The broker’s website has the Training section, which contains hundreds of text and video materials. Among them, there is both a base intended for training beginners and deeper analytics for advanced training of experienced traders.
If you want a more effective training system, you should use a demo account. Putting theory into practice will help you gain a better understanding of the material and will enable you to use the acquired knowledge safely to generate income on a live account.
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.
Summary
In this review, you had an opportunity to learn about the features of 5 brokers, which traders in Romania 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 Options Trading App in Romania 2024.
| eToro | DEGIRO | Swissquote Bank SA | AvaTrade | Interactive Brokers | |
|---|---|---|---|---|---|
|
Overall score |
9.4 |
9.6 |
6.76 |
8.32 |
9.1 |
|
Execution of orders |
9.1 |
9.3 |
4.37 |
8.5 |
8.8 |
|
Investment instruments |
9.7 |
9.9 |
9.76 |
9.5 |
9.4 |
|
Withdrawal speed |
9.5 |
9.7 |
5.14 |
7.2 |
9.2 |
|
Customer Support work |
9.3 |
9.5 |
8.44 |
7.9 |
9 |
|
Variety of instruments |
9 |
9.2 |
8.02 |
10 |
8.7 |
|
Trading platform |
9.8 |
10 |
4.84 |
6.8 |
9.5 |
|
|
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|
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FAQ
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.
Are there updates for the apps of brokers?
Yes. Mobile apps of brokers are regularly updated and it is very important to update them in the view of proper operation of services.
Are there versions of the apps for tablets?
In some cases, Forex brokers develop separate versions of apps for smartphones, tablets and even for TV sets.
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.
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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.