Looking to day trade the likes of stocks, forex, or commodities on your phone? If so, you’re going to need a top-rated day trading app that offers heaps of markets, low fees and commissions, and a great user experience.
In this guide, we review the 10 best day trading apps available in the market right now.
In This Guide
We have listed the best day trading app providers for 2021 below. You can scroll down to read our review of each trading app further down!
The vast bulk of online trading platforms now offer a mobile app that you can connect to your investment account. Typically available on both iOS and Android devices, the best day trading apps are simple to use and allow you to buy and sell assets in a low-cost environment.
To save you hours of research, we have reviewed the 10 best day trading app providers below.
After reviewing dozens of providers, we found that eToro offers the overall best day trading app. The brokerage firm is regulated by the FCA, ASIC, and CySEC and is now used by over 20 million active traders. Opening an account via the mobile app takes minutes and you will then have access to a vast spectrum of asset classes.
This covers a fully-fledged forex trading department that consists of nearly 50 currency pairs. You can also trade hard metals, energies, agricultural products, indices, and cryptocurrencies. If stock trading is more your thing, the eToro day trading app supports over 2,400 shares across 17 international exchanges. You can buy these stocks in the traditional sense or trade them via leveraged CFDs. ,
Regardless of which asset you wish to trade, the eToro day trading app is 100% commission-free. Moreover, the broker has no fees to register and deposits come with a small FX charge of just 0.5% and only if your payment type is not backed by USD. You will also like the eToro app if you are looking to trade with a small amount of capital. This is because the app supports fractional ownership – meaning you trade cryptocurrencies from $25 upwards and other assets at a minimum of just $50.
You might also be interested in the eToro Copy Trading feature. This allows you to trade passively by copying the positions of an experienced eToro trader. You have the possibility to choose thousands of traders and this feature comes with no additional fees. In terms of getting money into the eToro app, you can easily deposit funds with a debit/credit card, bank transfer, Paypal, Skrill, and Neteller. eToro also offers a day trading simulator that comes pre-loaded with $100k in paper funds.
67% 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.
AvaTrade is a CFD trading platform that offers markets on stocks, commodities, forex, digital currencies, bonds, futures, options, and more. It takes just minutes to open an account and you will then have a choice of trading apps to select from. AvaTradeGO is the mobile app designed by the platform itself and is particularly popular with newbies.
However, if you are an experienced trader looking for a more advanced platform, you might want to consider connecting your AvaTrade account to MT4 or MT5. All you need to do is download your preferred third-party app and log in with your AvaTrade credentials. In doing so, you will then have access to in-depth technical analysis tools. If you are planning to deploy an automated trading system or FX robot - opting for the MT4/5 app is a good option.
When it comes to the fundamentals, AvaTrade allows you to enter and exit positions on a commission-free basis. Spreads are very competitive, especially when trading major FX pairs. You will need to meet a minimum deposit of $100 to get started - and supported payment types include debit/credits and bank transfers. Depending on your location, you might also be able to deposit with an e-wallet. Finally, AvaTrade is regulated in six different jurisdictions - so safety should not be a concern.
71% of retail CFD accounts lose money with this provider.
All of the best day trading app providers make money from the spread. The one exception to this rule is Libertex - which is a ZERO spread trading site. This means that both the bid and ask price of the respective market are the same. Some markets on the Libertex app are commission-free. Others will come with a small commission, albeit, this is usually less than 0.1% per slide.
The Libertex app - which is available on both iOS and Android devices, can be downloaded free of charge. You can trade a wide variety of markets - including ETFs, stocks, commodities, indices, crypto assets, and forex. Much like AvaTrade, Libertex is also compatible with MT4 and MT5. All markets at this top-rated broker come in the form of CFDs - meaning long and short positions can be entered.
This also means that you will have access to leverage on your chosen marketplace. Libertex is regulated by CySEC and it has an excellent reputation in the day trading scene that now exceeds two decades. The minimum deposit required to get started is $100, although Libertex also offers a demo account. You can meet the minimum deposit with a debit/credit card, bank wire, and a selection of e-wallets.
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83% of retail investors lose money trading CFDs at this site.
If you're based in the US and looking to trade stocks in a simple and low-cost manner - the Robinhood app is likely to be of interest. This user-friendly platform is home to millions of American investors of all shapes and sizes. The broker has grown so quickly in recent years that it is planning to go through its IPO process later in 2021.
Perhaps the main attraction with the Robinhood app is that you can trade over 5,00 US-listed stocks and ETFs without paying any commissions. The app also supports fractional ownership - meaning you can invest in your chosen stock or ETF with a stake of just a few dollars. Robinhood is a bit thin on the ground when it comes to international assets - with the app supporting just 250 foreign stocks.
Nevertheless, Robinhood is also a good option if you wish to invest in cryptocurrencies or trade stock options. These markets are also free of commission and dealing fees. The Robinhood app is available on Android and iOS devices. If you have an alternative operating system, Robinhood can still be accessed, albeit, you will need to go through the mobile web version of the site. Payments come in the form of a bank transfer (ACH or wire), meaning debit/credit cards are not supported.
Your capital is at risk.
If you're looking to day trade assets on your phone but you have little to no experience of the wider investment markets - consider Capital.com. This CFD trading platform is perfect for newbies for several reasons. Firstly, when you initially download the app to your phone - you will have access to a free demo trading facility.
This mirrors live market conditions - so you will be able to day trade without risking any money. This will also allow you to get to grips with how the Capital.com mobile app works - in terms of placing orders, performing research, and more. When you decide to start trading with real money, you only need to meet a minimum deposit of $20. You will also find that the user experience of the Capital.com app is seamless - so again, the provider is ideal for beginners.
When it comes to tradable markets, CFD instruments come in the form of forex, hard metals, energies, indices, ETFs, cryptocurrencies, and even DeFi coins. You can also trade over 2,400 stocks from a variety of marketplaces - including the NYSE, NASDAQ, LSE, and more. No trading commissions are charged by this top-rated app - so it's only the spread that needs to be paid. Capital.com supports debit/credit cards, e-wallets, and bank transfers - and the app is regulated by the FCA and CySEC.
76.25% of retail investor accounts lose money when trading CFDs with this provider.
If you're an experienced trader that is looking to access the multi-trillion-dollar derivatives space - TD Ameritrade has you covered. This trusted and established brokerage firm offers thousands of futures and options markets from several asset classes. This is inclusive of stocks, metals, interest rates, indices, currencies, energies, grains, and more.
Fees are also competitive when trading financial derivatives on this top-rated day trading app. In the case of options, TD Ameritrade doesn't have commissions and the fee per contract is just $0.65. If it's futures trading you are interested in, this will set you back just $2.25 per contract. On top of financial derivatives, the TD Ameritrade mobile app is also popular for long-term investors.
This is because the provider also supports traditional stocks and shares, mutual funds, index funds, ETFs, IPOs, and more. If the stock or ETF is US-listed, the firm has no trading commissions and dealing fees. The TD Ameritrade app - which is branded as 'thinkorswim' - is available on both iOS and Android devices. It comes packed with advanced research tools and technical indicators - making it perfect for experienced traders.
is an ever-growing CFD trading site that offers markets on stocks, cryptocurrencies, forex, and commodities. No trading fees are charged by the broker and in most cases - you will find that spreads are super-tight. Perhaps the main reason why CedarFX is experiencing a rise in account sign-ups is that it offers high leverage limits.
For example, when trading forex and precious metals like gold - you can apply leverage to your positions at a rate of 500x. In simple terms, this means that by staking $50 on a trade, you can amplify your position to $25,000. In the case of other financial instruments - you'll get between 50x and 200x - depending on the asset. Another popular feature at CedarFX is that you can choose to pay a small commission of $1 on each trade - which is then matched by the broker.
In turn, the commission will be used to plant a tree. This is, however, not compulsory - should you wish to remain on the commission-free account. Nevertheless, CedarFX is compatible with MT4 - so you can access your account by downloading the third-party app. In terms of payments, the minimum is just $10 when depositing funds with Bitcoin. If you need to use your debit/credit card to purchase Bitcoin via the platform - the minimum increases to $50.
If you are looking to deploy a fully automated trading system that you can monitor on your mobile phone - FXCM could be worth considering. This online CFD broker has a great reputation in the trading scene as it has been operational for over two decades. It is also heavily regulated - with a license from the FCA.
FXCM offers full support for automated trading strategies - and you can even purchase a third-party system via the provider's website. This is inclusive for algo trading systems, forex EAs, and advanced technical indicators. You can link your strategy to a variety of third-party platforms - which includes MT4. In terms of supported markets, FXCM offers a good variety of CFD asset classes.
This covers stocks, currencies, hard metals, energies, indices, and more. This top-rated day trading app does not charge any commissions. Spreads are very tight during busy market hours - making FXCM ideal for low-margin scalping strategies. Leverage and short-selling are available on all markets, too. You can get started with the FXCM day trading app by meeting a minimum deposit of $100 (non-EU clients). You can also use the demo account facility before making a deposit if you wish.
Your capital is at risk when trading forex with this provider
If you're looking to buy and sell currency pairs on the move - you might want to consider the Forex.com app. This provider, as the name suggests, specializes in forex trading. You will have access to over 80 currency pairs from the majors, minors, and exotics. The app Forex.com itself is available on iOS and Android devices and costs nothing to download and install.
With that said, Forex.com also offers support for third-party app providers like MT4. Irrespective of which platform you opt for, Forex.com offers a free day trading simulator that you can use for 30 days. This is ideal if you want to practice trade before risking your own capital. The Forex.com app requires a minimum deposit of just $50 for real money trading when using a debit/credit card or Paypal.
If you deposit funds via bank wire, there is no minimum. When it comes to fees, this will depend on which account type you decide to open. If you are a newbie and wish to trade with small stakes, the commission-free account will be the better option. If you tend to trade larger amounts, then you can also get an STP account. This comes with industry-leading spreads alongside a small commission. Finally, in some regions, Forex.com also offers alternative markets - such as commodities.
There is no guarantee you will make money with this provider.
Interactive Brokers is one of the oldest retail investment firms globally. The stand-out feature with this top-rated app is that you will have access to thousands of markets from a wide variety of assets. Not only in the US - but in 33 countries around the world. The asset library on the Interactive Brokers trading app can typically be broken into two key categories.
Firstly, if you are looking to adopt a short-term day trading strategy, suitable financial instruments include futures, options, forex, and stock CFDs. With that said, if you are looking to apply a slightly longer-term approach, then you will find everything from shares and index funds to ETFs and managed portfolios. Either way, your trading fees will depend on the respective market you wish to access. With that said, if you are trading US-listed stocks then Interactive Brokers doesn't have commissions.
We also like Interactive Brokers as its native app platform - IBKR, appeals to both newbie and seasoned traders. For example, if you're a beginner, you will better be suited for IBKR Lite - which is more user-friendly. If, however, you want access to advanced trading tools and technical indicators - IBKR Pro will be more up your street. When it comes to getting started, the KYC process is a bit slow at Interactive Brokers. On the flip side, this trading app has no a minimum deposit threshold.
In the sections above we have reviewed the best day trading apps for 2021. We have covered a wide range of providers to ensure that all trading requirements are met. With that said, it's important that you do some research of your own before opening an account with a day trading app provider - as no two platforms are the same.
The most important considerations that you need to make when searching for the best day trading app are as follows:
Day trading apps that allow you to buy and sell assets with real money must be regulated by a reputable body. For example, AvaTrade is regulated in six different jurisdictions - including Japan and Canada.
You then have eToro - which is authorized and regulated by the FCA, ASIC, and CySEC. Opting for a day trading app that is regulated by a reputable financial authority will ensure that you are able to trade in a safe and secure ecosystem. Not only in terms of transparency and fairness - but when it comes to investor protections.
For example, your money will need to be kept in a bank account that is separate from that of the app's working capital - and regular audits are a minimum requirement.
As we covered in our reviews of the best day trading apps for 2021 - you can choose tens of thousands of financial markets. You do, however, need to ensure that your chosen marketplace is supported by the broker.
For example, the app might offer markets on forex - but does it support the specific currency pairs that you wish to trade? Similarly, all of the best day trading app providers discussed today offer stocks. But, you need to take a closer look to ensure your preferred exchange is offered.
This is one of the many reasons that eToro is the best day trading app in the market - as the broker offers everything from indices, forex, and stocks, to crypto day trading, ETFs, and commodities.
Once you are sure that the provider is regulated and offers the financial instrument you wish to access - you then need to explore what trading tools are available.
We also like the social trading feature at eToro. This works like any other social media platform insofar that you can publicly communicate with other users of the app. For example, you can post your thoughts on a potential trade idea, reply to other threads, and even 'Like' comments.
Past performance is not an indication of future results
Another key trading tool that we came across is support for third-party robots. AvaTrade and FXCM are a good shout here - as the apps are compatible with MT4 and forex EAs. This means that once the robot is set up, you can monitor its progress via the respective trading app.
If you are a newbie trader then it's best to use an app that offers educational materials. For example, the eToro app allows you to learn and trade at the same time - through informative guides, explainers, videos, and more.
In fact, eToro even gives you access to free webinars - which are usually hosted by one of its experienced in-house traders. When it comes to research, the best day trading app providers will offer financial news on key market developments. For example, if the US Federal Reserve announces that it is hiking interest rates - you'll want to know about this in real-time.
And of course, if you are an experienced technical day trader, you'll need unfettered access to financial indicators like the RSI or MACD. These indicators and charting tools should be optimized so that you can easily access them on the mobile phone.
The best day trading app providers for 2021 offer a seamless and error-free user experience. Crucially, trading applications are designed for your specific operating system - whether that's iOS and Android. You should find that loading times are fast - especially when it comes to viewing market data and pricing feeds in real-time.
And of course - execution speeds on new orders should be lighting fast. Any delays or bugs could result in your missing a trading opportunity or not being able to exit a position when you want to. The process of browsing and searching for markets should also be simple. In terms of all-round user experience, we found that eToro, AvaTrade, and Libertex stand out from the crowd.
Some of the trading apps that we came across allow you to deposit via a traditional bank wire only. This might be suitable if you are not in a rush to trade - but most of you will likely want to get started straight away. If so, you'll want to choose a day trading app that supports real-time funding. eToro, for example, supports debit/credit card payments
The best day trading app providers reviewed on this page are all known to offer a great customer experience. This is typically supported by a responsive customer support channel that can be accessed directly within the app itself.
For example, you can speak with a live agent in real-time when using the eToro app - meaning there is no requirement to send an email or call the broker.
We are now going to walk you through the process of getting started with our top-rated day trading app provider - eToro. Once again, this brokerage firm offers commission-free trading across thousands of assets and markets - and most importantly - it's heavily regulated.
Before you can trade on the eToro app you will need to open an account. Visit the official eToro website and look out for the 'Join Now' button. Like the screenshot below, you will first need to enter your full name, email address, and mobile number, and then choose a username and password.
After that, you will be asked to provide some more personal information - such as your home address, date of birth, and national tax number.
Once you have opened your account you can proceed to download and install the eToro app to your Android/iOS device. Make sure you do this through the eToro website to ensure you are downloading the official application.
eToro is heavily regulated so it must ask you to upload a copy of your government-issued ID. This is an easy process when completing via the eToro app - as you can simply take a photo with your phone's camera.
Unlike a number of other day trading apps that we came across, eToro allows you to make a deposit in real-time directly within the application. You can do this by entering your debit/credit card details (Visa, MasterCard, Maestro) and going through an e-wallet provider like Paypal, Skrill, and Neteller.
Your eToro trading account should now be funded. You can proceed to place your first commission-free trade. Within the app, enter the financial instrument that you wish to access - such as Apple stocks, EUR/USD, or gold.
Then, you will need to choose from a buy or sell orders. Enter your stake into the 'Amount' box and if you wish - choose a leverage ratio. You can also set up a stop-loss and take-profit order to mitigate your risk.
Finally, click on the 'Set Order' button to place your trade!
In summary, we found that the best app for day trading is eToro. This top-rated provider is now home to over 20 million traders of various experience levels and you will have access to commission-free markets on stocks, indices, commodities, cryptocurrencies, forex, and more.
Most importantly - the eToro day trading app is regulated by three tier-one financial bodies - so you should have no concerns regarding the safety of your money. You can get started with an eToro trading account in less than 10 minutes by clicking on the link below!
If you're looking for the best day trading apps for beginners - two providers, in particular, stand out for us. eToro is the best option as the broker is really simple to use and does not charge any trading commissions. Alternatively, you might also consider Capital.com.
All of the day trading apps discussed on this page are free to download. If you want to go one step further and trade on your phone without paying any commissions or fees - eToro is a great option.
If you are an experienced trader that seeks access to heaps of technical indicators and customizable charts - you might want to consider AvaTrade or Libertex. Both of these low-cost brokers are compatible with the MT4/MT5 app.
All of the 10 best day trading apps that we reviewed on this page offer a free demo account. All you need to do to gain access is open an account - which should take you no more than a few minutes. Other options to consider include e*trade and Fidelity.
Yes, day trading apps that allow you to trade with real money must be regulated by at least one reputable body. For example, eToro is regulated by the FCA, ASIC, and CySEC - and registered with FINRA in the US.
If you are looking to trade cryptocurrencies - eToro is the best option on the table. If you want to trade stocks and options - then you might want to consider Robinhood..
Kane Pepi is a British researcher and writer that specializes in finance, financial crime, and blockchain technology. Now based in Malta, Kane writes for a number of platforms in the online domain. In particular, Kane is skilled at explaining complex financial subjects in a user-friendly manner. Kane has also written for websites such as MoneyCheck, InsideBitcoins, Blockonomi, Learnbonds, Buysharesand the Malta Association of Compliance Officers.
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