Stock trading apps allow you to trade stocks and manage your portfolio from your phone. These apps work well for all types of traders whether you trade daily or infrequently. Today, there are many trading apps you can download from the play store. The best apps are those which are easy to use, offer good customer support, are helpful in meeting your trading goals, and make it easier to transfer money from your bank account into your brokerage account. These applications offer a wide range of assets to trade at a reasonable price. If you are looking for a trading app to start investing in stocks, you have come to the right place. I have compiled a list of the best trading apps in Pakistan that will help you in trading stocks and make it easier for you.
Best Trading Apps In Pakistan:
You must have seen the ad for this app at various places online. The logo of the app has a red bull. It was founded in 2009. The app is regulated by CySEC, ASIC, and IFSC. With this app, you can deposit as little as $5. The minimum trade is 0.01 Micro lots and the maximum leverage is 1:888.
It requires zero commission on all trades. The lowest spreads are 0.1 Pips on currencies. It offers training for beginner traders with daily interactive live trading rooms.
The app can run on a number of operating systems including Android, Windows, iOS, MT4, MT5 and Mac OS. It has brilliant customer support and allows you to withdraw fast and easily.
HotForex was founded in 2010. It is regulated by DFSA, FCA, FSCA, FSASC and CySEC. It requires a minimum deposit of $5 and allows minimum trade of 0.01 lots. The maximum leverage offered on this app is 1:1000.
It also has commission-free trading accounts and many premium MetaTrader tools and indicators including AutoChartist. It is another good application for beginners and it offers awesome customer support service.
IQ Option was founded in 2013. It is regulated by MiFID, CySEC and FCA. With IQ Option, you can deposit as little as $10. It allows minimum trade of $1 with maximum leverage of 1:1000.
The operating systems required to run this app are Android, Windows, iOS and Mac OS. It is beginner friendly and allows margin trading. The lowest spreads are 0.6 Pips on Currencies.
Some of the drawbacks of IQ Option are that: it doesn’t offer the highest leverage on the market, it is limited to certain jurisdictions and it doesn’t offer CTrader and MetaTrader Platforms.
Alpari app was founded in 1998 which makes it one of the oldest trading apps. It is regulated by FSC. The minimum deposit required is $5 with minimum trade allowed of 0.01 lots. It offers the maximum leverage of 1:1000.
Both Standard and ECN accounts are available in the Alpari app. The lowest spreads offered are 0.1 pips on currencies and 0 pips on ECN Accounts. Having an account on the alpari app gives you access to Alpari Copy Trading Programme and a wide range of trading accounts some of which offer commission-free trading.
IC Markets App:
IC Markets app was founded in 2007. It is regulated by CySEC, ASIC and FSA-SC. IC Markets require a minimum deposit of $200 with minimum trade is 0.01 lots.
It allows commission-free trading and raw spread accounts with institutional grade liquidity. It has an impressive library of educational material and videos for beginners which makes it ideal for the newbies. However, beginners might get overwhelmed by the choice of platforms and markets.
The maximum leverage allowed is 1:500.
Etoro App was founded in 2007. It is regulated by FCA, CySEC, MiFID and ASIC. If you are new to the trading world, this might not be the best app for you as it requires a minimum deposit of $200 and minimum trade is $1. The lowest spreads are 1.0 Pips on Currencies. This offers the maximum leverage of up to 1:30. It allows you to earn 2% of the management fee as an investor trader.
It is an innovative trading platform that runs on a variety of operating Systems including Android, Windows, iOS, Mac OS, and cTrader.
OctaFX is one of the most used trading apps in Pakistan. It was founded in 2011. It is regulated by CySEC. The minimum deposit required is $10 and minimum trade is 0.01 Micro lots. The maximum leverage is 1:500.
It has a wide range of trading accounts, Forex ECN account, provides access to copy trading, research tools and bonus promotions.
Olymp Trade App:
Olymp Trade app was founded in 2014. It is regulated by CySEC. The minimum required deposit is $10 and minimum trade allowed is $1 with maximum leverage of 1:1000.
This app has extensive asset coverage, European Regulation and is highly beginner friendly.
ExpertOption app was founded in 2014. It is regulated by VFSC, FMRRC, CySEC and MiFID. The minimum deposit required in this app is $10 with allowed minimum trade of %1.
It provides extensive asset coverage, has European regulation and is ideal for beginner traders.
The maximum leverage is 1:500 and lowest spreads of 0.5 pips on currencies.
FXTM was founded in 2011. It is regulated by FCA, FSC and CySEC. The minimum required deposit is $10 with minimum trade of 0.01 lots. It offers the maximum leverage of 1:1000 and the lowest spreads of 0.3 pips on currencies.
FXTM app has both standard and ECN accounts. It offers education and impressive research services.