In this guide we will find out which are the best apps for investing with all the details relating to each of them
In the ever-evolving world of investing, investing apps have opened doors to financial markets like never before. Now, anyone, even if they have never had experience in the field of investments, can start investing small sums of money through smartphone trading platforms. These apps allow you to buy stocks, ETFs, commodities, cryptocurrencies and other assetsmaking investing accessible to everyone.
Private investors are increasingly adopting trading apps not only to execute occasional transactions but also to manage their entire financial portfolio. Whether you are a complete beginner in the world of investing or an experienced trader, in this guide we will present you with a list of best investing apps available in Italy in 2023, and we will give you advice on how to choose the one best suited to your needs. Before we dive into the list of recommended apps, it is important to keep in mind that investing always involves a certain degree of risk and that your capital is at stake. Therefore, It is essential to invest carefully and do in-depth research before making financial decisions.
Trading 212 | Best apps for investing
Trading 212 is a great choice for those who want to practice trading with a free demo account. The app offers unlimited trades without commissions and provides access to Over 10,000 stocks and ETFs from the UK, US, Germany, France, Spain, Netherlands and more. An interesting aspect is the possibility of investing starting from just 1 euro in fractional shares, which allows users to purchase even expensive shares such as Google, Amazon and Apple.
For those with more advanced skills, Trading 212 offers the possibility of investing in CFDs on stocks, indices, oil and other assets, as well as advanced tools such as advanced charts and technical analysis. The Airbrush feature allows you to create a personalized portfolio based on your financial goals. Trading 212 does not charge trading and custody fees. However, a 0.15% fee is applied whenever you convert funds from one currency to another and on trading operations involving currency conversion. The platform is authorized and regulated by FCA, CySEC and FSC.
Capital.com | Best apps for investing
Capital.com It is aimed primarily at CFD traders and is one of the most established and popular brokers in Europe. Allows you to invest in CFDs on stocks, indices, raw materials, forex and cryptocurrencies, on over 3,700 markets. Clients appreciate the wide range of investments, the absence of hidden commissions and low spread costs. Account opening is simple, and the app is intuitive and well-designed. Plus, you can practice for free with a demo account that offers $100,000 in play money. Capital.com is regulated and authorized by both the FCA and CySEC.
eToro | Best apps for investing
eToro is an ideal app for beginners and is popular for social trading. It presents itself as a bridge between the old and new world of investments, allowing users to hold both traditional assets such as stocks and commodities, and new assets such as Bitcoin. The mobile app offers an intuitive user experience and is attractive thanks to zero-commission operations. A distinctive element of eToro is the ability for users to follow and copy the trades of the best investors with a proven track record. Furthermore, eToro is authorized and regulated by CySec (Cyprus), FCA (United Kingdom) and is present in the CONSOB list of investment firms authorized in other European Union states without branches in Italy.
Let’s remember that when we talk about zero commissions, meaning no brokerage commissions apply when trading stocks (excluding short or leveraged positions). However, there may be other charges such as currency conversion charges on deposits and withdrawals not made in USD, withdrawal charges and, if applicable, inactivity charges. Additionally, a market spread is applied, although this is not a cost charged by eToro.
Plus500 | Best apps for investing
The app of Plus500 it is extremely easy to use and is definitely among the best apps for investing and offers the possibility of investing with competitive commissions in various financial markets, including indices, commodities, cryptocurrencies and forex, but only via CFDs. It is particularly suitable for beginners thanks to its intuitive interface and the wide range of training materials available to help you learn how to invest. Novice traders can start to get comfortable with the platform by using a 40,000 euro play money account to practice. For more experienced users, the app offers advanced technical analysis tools and other advanced features. Note that Plus500 is listed on the stock exchangewhich strengthens their trust and security.
IG | Best apps for investing
IG is the ideal option for investors more experienced, as it allows them to trade over 17,000 global markets, including stocks, indices, options and commodities. The app offers interactive charts, news, automatic trading alerts and real-time signals. Users can place spread bets or CFDs on commodities, while options trading is available on various assets with daily, weekly and monthly expiries. IG it is regulated and authorized by BaFin, the German supervisory authority, and by CONSOB.
The right decision
Investment is one important decision and should be undertaken with care. Choosing one of the best investing apps for your personal needs can make the difference in your long-term financial success. Carefully consider the above-mentioned factors and do thorough research before making a decision. Always remember that investing involves risks, so invest wisely and responsibly. For further news and updates from the world of technology and beyond, continue to tune in to techgameworld.com.