To choose the Best Swing Trading App for 2024, it is important to compare the apps of the top companies. There are a great number of apps, all with their set of features. They differ in reliability, number of trading instruments and other aspects. TU analysts performed a comparison to determine the Best Swing Trading App for 2024. Below, you will learn about the main features of the app as well as its rating based on user reviews and expert assessment чтобы выбрать Best Swing Trading App for 2024.
1
RoboForex - Best Swing Trading App
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
2
Exness - Best Swing Trading App
Exness broker is a trusted broker partner that is compliant with all relevant terms. Exness complies with all payment obligations and pays money earned.
3
Bybit - Best Swing Trading App
Bybit is an exchange for those who have mastered classic cryptocurrency platforms and are ready to move on to more complex derivatives. The arsenal of Bybit Wallet is still limited but the developers plan to expand it by adding BCH, ADA, DOT, and other altcoins.
4
XM Group - Best Swing Trading App
XM Broker is a broker for professional trading. Trading conditions correspond to the average market; there are technical advantages that distinguish XM Broker from its competitors.
5
DEGIRO - Best Swing Trading App
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.
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.
Narrow spread from 0 pips. The broker has the opportunity to offer such favorable conditions due to direct access to liquidity providers in ECN systems.
Instant market execution of orders. Traders’ orders are instantly sent to the Forex Market. There are no delays on the broker's servers or platform.
There is no commission for withdrawing money and replenishing the account. There are no restrictions on the number of withdrawals or the frequency of withdrawals. You leave a request, and it will be completed as soon as possible.
There are no trading restrictions. There is no limit on the duration of open trades, and the use of hedging and locking is allowed. Also, any number and any type of trading advisors can be used.
There is a one-click trading function
There is a free constructor of trading advisors that do not require programming knowledge
Leverage is one of the highest possible in the industry (up to 1:2000)
Negative balance protection is provided (gap protection)
Free VPS-сервер subject to the number of transactions equal to at least 3 standard lots per month. In the case of an insufficient trading volume, the monthly fee is $5.
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:
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Forex calculators. These tools are used to calculate margin, spreads, the value of 1 pip, fees, and swaps (short and long);
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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.
Spreads from 0.3 pips on standard and 0 pips on professional account types;
Competitive fees per lot on accounts for experienced traders;
Free analytical tools and access to the WebTV newsfeed;
High partner rewards for attracting new clients;
Participation in international compensation funds that return investors’ money in case of the broker’s bankruptcy;
24/7 technical support is available in 5 languages, including English.
Exness adheres to a client-oriented approach in its payment processing policy. Therefore, instant deposits and withdrawals with no broker’s fees are available.
XM Broker — CFD-broker that is comfortable to be with
The XM Broker team decided to concentrate directly on providing active trading services. Constantly improving platform technology and data transfer, XM Broker has been able to achieve good results in this direction. The company offers more than 1,000 different trading instruments. XM Broker is one of the few brokers that added to classical instruments such assets as cotton, palladium, CFDs for shares of individual companies - there is everything for building complete correlation trading systems and a diversified investment portfolio. In the future, the addition of cryptocurrencies is expected.
The broker is licensed by 4 regulators, including CySec (Cyprus), which allows it to work under local laws in most countries worldwide.
Classic MT4 and MT5 platforms in various modifications, but still the same familiar to most traders.
There are micro accounts for novice traders and standard accounts.
Free Forex market analysis.
There are daily Forex webinars and free signals.
There is protection against negative balance.
XM Broker focuses on active trading, that is why there are no PAMM accounts and direct copy trading here, traders can directly connect to the MQL5 service from the platform, where you can copy tradings of individual traders, take part in algorithmic developments or discussions of trading topics.
DEGIRO is an honest broker for medium and large investments
DEGIRO is a reliable intermediary between traders and major trading exchanges. The broker's clients can invest in stocks, bonds, ETF (trackers), investment funds, options, and other products that are listed on North America, Europe, Asia, and Oceania stock exchanges. Investors are provided with a convenient platform that allows them to monitor transactions in real-time. The company is chosen for its low trading fees, multiple licenses, and a wide range of assets available for trading. DEGIRO strives to provide clients with a secure trading environment, therefore, ensures the maximum degree of data protection and the investors' assets safety.
DEGIRO Profile Details: key information about the company
You can trade both in the web terminal and using the mobile application. After opening an account, you get access to the current news feed, current market analytics and quotes from the largest stock exchanges in Europe and the world.
Useful services of DEGIRO:
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Blog. Section with investment ideas, analytical articles, and analyzes of the latest economic and financial events.
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Exchanges’ working hours. Displays the world exchanges working hours, as well as a holiday calendar.
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Investor Academy. A section with investment lessons for novice traders.
Investing involves risks. You can lose (a part of) your deposit. We advise you to only invest in financial products which match your knowledge and experience.
Trader's risk insurance for 20,000 euros.
A large selection of accounts for both novice investors and professionals.
Thousands of investment instruments with the lowest possible commissions are available.
Convenient trading platform with an intuitive interface.
There is a quality section with training in stock market trading.
You can profit from dividends or passive investing.
!Investing involves risk of loss
The broker doesn’t limit traders in strategies. At the same time, it offers professional tools, so the company is good enough for investors who prefer to hold profitable positions for at least 3 months, and do not often open transactions.
Summary
In this review by TU analysts, you will learn about the features of trading apps offered by different brokers. The article focuses on 5 brokers with top mobile apps. The analysts studied several key criteria that need to be considered when you are choosing a mobile app. The review of these criteria will provide you with maximum information about the broker offering the mobile app.
Below, TU experts prepared a table with scores for the Best Swing Trading App for 2024 to help you determine the best company for trading.
| RoboForex | Exness | Bybit | XM Group | DEGIRO | |
|---|---|---|---|---|---|
|
Overall score |
8.61 |
7.58 |
8.2 |
8.28 |
9.6 |
|
Execution of orders |
8.95 |
9.6 |
9.62 |
9.35 |
9.3 |
|
Investment instruments |
8.2 |
8.79 |
6.26 |
8.7 |
9.9 |
|
Withdrawal speed |
9.71 |
8.79 |
8.28 |
7.9 |
9.7 |
|
Customer Support work |
9.17 |
9.29 |
7.52 |
8.5 |
9.5 |
|
Variety of instruments |
8.75 |
8.02 |
9.41 |
8.02 |
9.2 |
|
Trading platform |
6.86 |
1 |
8.09 |
7.2 |
10 |
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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.
Do I need to pay for downloading the app?
Brokers do not charge a fee for downloading their mobile app. They are provided for free.
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.
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.