The Best Trading App in comparison

Are you looking for a good and professional trading app? – Then you are exactly right on this page. With more than 7 years of experience in the field of stock exchange trading, I present you in the following texts and pictures one of the best apps, which is perfectly suited for trading. No matter if you are a beginner or advanced trader, get detailed information through my test about the possibilities, conditions, and fees for trading with a mobile device.

Quick guide for trading via App:

  • Download App
  • Install App
  • Open an account free of charge
  • Trading with virtual money or real money

Test winner: xStation 5 app from XTB

As a test winner in the area of trading apps, I present you on this page the xStation5 app from the online broker XTB. In the following sections, you will learn step by step how this app works and which possibilities it offers. The xStation5 is characterized by a user-friendly design, a wide range of markets and good support for each customer. An account can be created for free and trading can be started directly.

Advantages of the xStation5 Trading App:

  • Multi-regulated Broker
  • Over 3,000 markets to trade
  • User-friendly platform
  • Free demo account
  • No minimum deposit
  • No hidden fees
  • Professional charting
  • Good support and service
  • Webinars, tutorials, training

Market selection: Over 3,000 different assets

The Trading App xStation offers you over 3,000 different markets to trade. By clicking “Trading” you can access the market overview in the app, which is clearly structured. Forex, CFDs, and real shares or ETFs are offered as financial products. You can speculate on rising or falling prices with a lever or simply buy a share in the long term.

You also have a direct view of the buying and selling price (bid-ask) of the market. You can open a new trading position with a few clicks. In the following points, I will go into the characteristics of the tradable markets.

Forex (FX):

Trade over 50 different currency pairs with leverage and favorable spreads. Spreads start as low as 0.0 pips and the maximum leverage is 1:30 for the private investor. You can invest in rising or falling currency rates. Currency pairs are available from major industrial nations but also from emerging markets.

Indices (IND):

Stock indices are very popular and include the strongest stocks in a country. Trade the DAX, S&P500, DowJones, or other indices. These are divided into categories of America, Asia, and Europe. Here too, you can speculate on rising or falling prices and use leverage. The fees start from under one point spread.

Commodities: (CMD)

Trade raw materials of the industry and daily needs. There are energies (oil, gas), metals (gold, silver, etc.) and agricultural raw materials available. Investments on falling or rising prices can be easily leveraged.

Crypto currencies (CRT):

Crypto currencies are very volatile and popular for quick profits. Over 10 different currencies can be traded with a leverage of up to 1:2. You can also invest here at favourable spreads on rising or falling prices.

Shares and ETFs:

Shares and ETFs can be traded in this trading app via CFD (with leverage) or real value. There are over 2,000 different values ready to trade. You can also bet on falling prices via CFD. Values from Europe, USA and Asia are available.

Trading Tutorial: This is how trading via App works

Select any market to trade. The chart and order mask will then open. The chart can also be analyzed and enlarged (I will go into this in more detail later). You can open a direct market order or a pending order (limit). Pending orders are placed in the market and are only triggered when the market touches the set price.
You can buy and sell with just one click. You can see the current buy and sell price directly in the order mask. The spread is also displayed transparently. You will find all information you need before opening an order in the order mask. Choose a suitable position size for the investment. You can also see the trading fees.

Take Profit and Stop Loss are available for risk management. These are prices at which the position is automatically closed. Limit the loss or automatically save the profit.

Short instruction for trading via App:

  • Choose a suitable market for your investment
  • Generate a trading idea
  • Set the appropriate position size
  • Limit the risk with a stop loss
  • Open the position in the market
  • Close the position at any time with profit or loss

Margin/free margin:

When trading with leverage, you require a security deposit (margin) for the position. This is multiplied by the leverage and results in the position size. Make sure that you do not overleverage the account.

Spread:

The difference between the buy and sell price. The broker adds an additional spread to the market to make money.

Pip value:

Change in position per point or pip.

Contract value:

Position size in euros.

Commission:

In some markets, a commission is charged for trading.

Daily swaps:

If you trade with leverage, there may be an overnight financing charge on the position.

Full control over the portfolio

Under “Portfolio” you can see the current and closed positions. The Trading App gives you full control over your money and your trading account.

Portfolio management:

  • Open positions
  • Pending Orders
  • Closed positions
  • Events

Professional charting is possible

The chart can be enlarged via the trading app and then analyzed with various tools. Free indicators and drawing tools are available. A full technical analysis can be done with this trading app. The time units and chart type can also be easily customized. Overall, this trading app offers all the features you need for analysis.

An additional advantage of the xStation5 is that all inserted tools are very easy to configure. Change the settings of the indicators and the analysis tools.

The Trading App offers for charting:

  • Chart types
  • Indicators
  • Drawing tools
  • Adaptable to any trading strategy

The latest news in the Trading App

XTB’s Trading App also integrates the economic calendar. They’re the most important news that is published daily, which can strongly influence the markets. There is news that has a strong or less strong influence on the price. You can see the importance of the data in the economic calendar. You can also analyze past values and a forecast is also provided. I recommend every trader not to daytrade when the news is strong because the volatility can be very high.

Support and service under test

XTB has one of the best support and services for traders in Germany. A branch is located in Frankfurt and is regulated by BaFin. You can reach experts around the clock and during normal trading hours. There is email, chat, or telephone support. The XTB staff is very competent and can help you quickly with your problems.

A large training program is also offered. There is a separate training area with different levels of difficulty. In addition, live webinars are organized, daily analyzes are published and 1 to 1 consultation are offered. With this trading app you are well looked after and can continue your education.

Support and service for traders:

  • Branch office in Frankfurt
  • Phone, email, chat
  • Daily analyses
  • Live webinars
  • Training videos

Deposits and withdrawals of funds

There is no minimum deposit for the Trading App presented. You can already start trading with only 10€. For a deposit and withdrawal, there are different methods available. There are no fees for you.

Deposits can be made in real time by electronic methods, but also a normal bank transfer is possible. Withdrawals are usually processed in 1 – 3 days and are executed quickly.

Methods for deposit and withdrawal:

  • Bank Transfer
  • PayPal
  • Instant bank transfer
  • Credit cards
  • No additional fees

Conclusion: xStation5 is currently the best trading app

The trading app xStation is currently the best software for mobile trading for me. On this page, I have shown you step by step how trading works. The features and advantages of the broker speak for themselves. You get a large selection of markets at low trading fees.

In addition, this trading app is completely mature and has no bugs. This cannot be said of many competitors. XTB is an established online broker, which is regulated in different countries. You get a high level of security with this provider.

Besides the good trading offer and the user-friendly app, there is also professional support for every customer. Benefit from the experience of experts and analysts. In summary, there are only advantages for every trader with this trading app from my experiences and tests.

Advantages of the Trading App xStation:

  • Regulated and licensed broker
  • German branch
  • Over 3,000 markets to trade
  • Forex, indices, stocks, ETFs, commodities, cryptocurrencies
  • User-friendly operation of the app
  • Full control over every position
  • Free demo account
  • No minimum deposit
  • Cheap trading fees
  • Professional support

The XTB trading app is characterized by a high level of user-friendliness and a large selection of markets.


 

Leave a Reply

Your email address will not be published. Required fields are marked *