Best demo trading apps
It all depends on how you prefer to trade. How this UX is delivered is really a matter for an individual brokerage company and its tech guys. So increasingly, the way brokers get around this is by offering its mobile users a dedicated app. After all, these are the gatekeepers of the iOS and Android worlds, and if a piece of software has earned a decent star-rating on the store, it can be a useful trust indicator. Most will have versions specifically written for android, iOS and Windows — exploiting the benefits of each platform.
At the very least, you ought to be able to access this without providing any bank card details and ideally, without your email address or other personal info. IQ option provides this functionality with its mobile app. A decent demo account app also performs another useful role; it doubles as a practice app — essentially allowing you to get to grips with it and execute some dummy trades while on the go.
You ought to be able to shift seamlessly from desktop to mobile and keep track of your trading activity in its entirety. Making sense of asset graph patterns should be an intuitive process, and you ought to be able to carry out tasks such as entering a position and executing a repeat trade just as easily on mobile as elsewhere. Unlike other apps, you can use it to scan a barcode and look up the public company behind the product.
Easy-to-use interface for executing trades quickly. Use voice search to find specific stocks or company data. Move money into and out of your bank account inside the app. Test out new strategies before implementing them in the real world, and do it with real-time urgency. Compete with friends to see who's the biggest wolf.
Wall Street is intimidating, particularly for newbies. Hone your skills by building and tracking your virtual portfolio in this stock market simulator.
Heat maps are better. StockTouch uses color-coded maps of the top stocks in the major sectors to help you understand the ups and downs of the market. It's Twitter for traders. Get minute-by-minute insights from fellow investors.