Our team of trading experts has prepared below guide to help you compare and hopefuly pick one of these online trading applications.
These are some of the Top Rated Mobile Trading Apps for investors in Germany:
eToro – Well Designed for Beginners
eToro was founded in 2006 and today is considered one of the best stock trading apps on the market. Its accessibility and superb features have made it a hit with its 13m+ users.
Regulation
eToro is regulated European Union and other most highly-respected bodies worldwide, including the Australian ASIC and the Financial Conduct Authority in the UK.
Tradable Assets
eToro offers access to 17 global markets for trading stocks, with over 3000 instruments available. This wealth of choice makes it one of the most popular and accessible trading apps for stocks, while the platform also offers services in:
- 2800 Real Physical Shares (incl. German stocks like VW, BMW, Siemens etc.) without any commision for EU investors
- 264 ETF Funds
- 70 CFD Cryptocurrencies
- 49 Forex pairs
- 54 Commodities & 250 Indices (incl. german DAX index)
The diversity of its offering is what draws many users in and keeps them there. Apps with a more limited range of services tend to give users less chance to make significant gains and provide a less complete learning experience than eToro.
Stocks can be bought and sold as usual or traded as CFDs.
Fees
eToro doesn’t charge commission fees for buying and selling real stocks!
This sets it apart from the competition and is a major reason we consider it one of the best stock trading apps. It charges no fees for deposits, however conversion fees from euro to USD may apply.
Withdrawals have a very affordable fee of $5, while inactivity fees only come into play after a year of absence and are set at $10 per month. It’s an extremely cost-effective and beginner-friendly platform.
Usability
You can use this platform on a computer or a smartphone. The eToro app is well-designed, loads quickly, and allows you to manage your portfolio on the move. It’s got everything we’d ask for in a trading app.
The site and app are protected by excellent security, allowing users to trade confidently. The platform’s customer service is also considered very good by its users.
Additional Features
eToro lets you set up personalized alerts and offers good educational resources for beginner users. It also has a wonderful feature called eToro Copy Trading, which lets inexperienced traders copy the moves of their more experienced counterparts. It lets you see their past decisions and is a great analytical resource in itself but also allows for easy, reliable decision-making if you’re pressed for time.
Pros:
- Very well-regulated
- Superb Copy Trading feature
- Easy-to-use, accessible app
- Access to numerous markets
- Real Stocks with no commission
- Cheap withdrawals
- Great security
- Good resources
- A diverse range of other trading services
- Good customer service
Cons:
- Fewer analysis features than some more expensive services
76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
XTB
XTB was founded in 2002 and offers services in stock CFDs, Forex, and EFTs. It is a well-regarded broker with headquarters in London and Warsaw.
Regulation
XTB is regulated by the FCA and is also listed on the Warsaw Stock Exchange. As a publicly listed company, it is subject to regular checks and audits to ensure it is financially compliant, making this a highly-trusted broker.
Fees
XTB doesn’t charge deposit or withdrawal fees, which is a great start. As it uses stock CFDs, a commission isn’t charged directly but factored into the spread. As noted, these spreads tend to be pretty tight, keeping commission fees low.
However, the platform charges higher-than-average fees for access to its stock CFD trading service. These are well worth it for many users in terms of the platform’s usability, assets, and additional features, but may seem steep for novices.
Usability
This is one of our favorite stock trading apps, with fast loading times and an open, accessible layout. It makes it very easy to open an account and keep track of your investments, while the app’s notification features are straightforward and always punctual.
Additional Features
XTB has great charting tools and a news feed that is regularly updated with useful information. It has solid educational resources and analysis tools, with the only drawback being a slight lack of fundamental data.
Tradable Assets:
- Real Shares: Over 2000 shares from exchanges around the world (Zero Commision)
- Real ETFs: Over 300 Exchange-Traded Funds (Zero Commision)
- 50 Forex currency pairs
- 20 CFD Indices:
- 20 CFD Commodities
- 25 CFD Cryptocurrencies
Pros:
- Well-regulated and trusted platform
- Very secure
- Superb mobile app
- Useful additional tools
- Extra services include Forex and ETFs
- No deposit/withdrawal fees
Cons:
- Higher fees for stock CFD trading
- Fundamental data could be improved
78% of retail investor accounts lose money when trading CFDs with this provider.
Skilling
Established in 2016, Skilling is looking to break the mold with a service geared towards learner traders and making stock trading apps more accessible.
Regulation
Skilling is regulated by the FSA (Financial Services Authority) and CySEC. It’s considered a secure and trusted platform by traders across the globe.
Tradable Assets
Skilling is one of the most varied stock trading apps on our list. It allows users to trade stocks, CFDs, Forex, Cryptocurrencies, commodities, and indices. It’s considered a top platform for CFD trading and offers more Crypto options than many other brokers.
Fees
Skilling offers competitive spreads on both fiat and Crypto investments, keeping its fees relatively low. It doesn’t charge for withdrawals and a regular account has a minimum deposit of just $100.00.
Usability
The company was born later in the digital age than many other platforms, and this is reflected in the sleek design and incredible accessibility of its stock trading app. Navigation is straightforward, and keeping track of your portfolio is extremely easy, with ultra-fast loading times.
Additional Features
Skilling offers a free demo account, which we applaud in any broker. This allows users to gain familiarity with the app before creating a regular or premium account. The platform also offers great analytical tools.
Pros:
- Well-regulated
- Huge variety of tradable CFD assets
- Low fees
- Intuitive mobile trading app for Android and iOS
- Free demo accounts are available
- Strong analytical tools
- Very secure
- Great customer service
Cons:
- Less online trading education than some other brokers
75% of retail investor accounts lose money when trading CFDs with this provider.
Capital.com
Capital.com was founded in 2016. It serves over 2m users worldwide and prides itself on its cutting-edge trading tools.
Regulation
Capital.com is authorized and regulated by the FCA, ASIC, and CySEC. It has a reputation as a highly trusted broker and is popular with many experienced traders.
Tradable Assets
This platform specializes in stock CFDs and has a phenomenal range, with over 4,000 options for traders to choose from. This selection is drawn from a range of the most prestigious financial markets worldwide. It’s one of the top stock trading apps for CFTs for this reason – note that it doesn’t offer conventional stock trading.
Capital.com also offers Forex services, as well as indices and EFTs. This makes its offering more varied and accessible to less experienced users.
Fees
There’s no commission as such on Capital.com – rather, the fees come in the spread you pay when trading stock CFDs. However, it’s worth noting that this platform offers extremely tight spreads and, for experienced traders specializing in CFDs, these “fees” are negligible compared to what you’ll find on many other platforms.
Usability
This is one of the most user-friendly stock trading apps around. While the platform offers numerous features, they’re easy to access and well-displayed whether you’re on a computer or mobile. It’s compatible with MT4 and also provides a bespoke trading platform. Its live updates and notifications are lightning-fast, and it offers great all-around functionality.
Additional Features
Capital.com prides itself on embracing cutting-edge technology to assist its userbase. To this end, we highly recommend its advanced analysis tools and AI-based alert system. It also offers more traditional educational services like webinars, learning programs, and technical indicators.
Pros:
- Very well-regulated
- Excellent app
- Superb educational resources
- Top analysis tools and alerts
- Tight spreads
- Secure platform
- Great customer support
Cons:
- Doesn’t offer traditional stock trading
- CFDs are very high-risk
How to Select the Right App
Below you’ll find our guide to discerning the apps for mobile trading from the merely average.
Is It Regulated and Secure?
Highly-regarded regulators:
- German BaFin Federal Financial Supervisory Authority
- Securities and Exchange Commission (SEC) in the U.S.
- The Financial Conduct Authority (FCA) in the UK
- ASIC (Australian Securities and Investment Commission) in Australia
- CySEC (Cyprus Securities and Exchange Commission)
Trustworthy brokers will make this information easily accessible on their website. Likewise, it should be easy to find the security systems a platform uses on its website. If this information is not listed, we do not recommend using that app and instead choose one of the options we covered in this guide.
What Tradable Stocks Does It Offer?
Traditional stock options are the best choice for beginner and intermediate traders – brokers offering a wide range of these from top markets are a great start. Even highly experienced traders often prefer traditional tradable stocks.
Stock CFDs are much higher-risk but can be lucrative if you know how they work. However, never trade stock CFDs unless you’re 100% sure you know what you’re doing.
Is It User-Friendly?
First of all, try demo account and test the following:
- Does it Load immediately ?
- Offer helpful notifications
- Be easy to navigate
- Be equally accessible on a computer or mobile
If an app doesn’t meet these criteria, it might be time to look elsewhere.
What Are Its Fees?
We’d all rather pay lower fees, but it’s worth noting that high fees frequently allow access to better analytical tools and real-time information. Compare any platform’s fees with its additional content.
What Additional Features Does It Provide?
Strong analytical tools, access to signals, and research features are an integral part of any high-quality stock trading apps. Platforms may also offer unique features of their own – check them out and see what’s useful.
Does It Offer Educational Resources?
Educational materials are an important part of a trading platform, especially if it’s aimed at novice traders. Good educational resources are also a great indicator that a site is legitimate.
What Payment Methods Does It Offer?
Major payment methods such as Visa and MasterCard are accepted by most providers, although some won’t accept PayPal. Some platforms allow you to deposit and withdraw using Crypto, so check the options available.
Is Its Customer Service Accessible?
Before you sign up, make sure you know when customer service is available for traders. It’s also worth looking up customer service reviews for any platform: look for common positives and complaints.
How to Get Started in 5 Steps
1. Pick Your Platform
Now you’re confident that you know which platform’s features suit you best, it’s time to settle on a decision. Pick your platform and load up the website.
2. Create An Account
Creating an account is straightforward on the top stock trading apps and only requires a few details.
3. Download the App & Log In
Keep track of your investments on the go. Download the mobile app and log in to receive important notifications.
4. Make Your Initial Deposit
Some platforms have a minimum deposit, though this is typically quite low for standard accounts. Go with what you feel comfortable with.
5. Start Trading
Now it’s time to take advantage of the educational resources and analytical tools available to you. Do your research, check your options, and start making smart trading decisions.
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