How to recognise a good stock app!

How well a stock app is suited for the specified use can be easily determined on the basis of a few criteria. You can quickly determine these through app reviews, user ratings or self-tests.

1. important functions

Good apps do not necessarily have to combine all the functions presented above. Rather, they are characterised by a perfect interaction of all components. The main feature should receive special attention - such as regular news sorted by tags or stock charts with integrated editing tools.

2. costs

Many services are already available free of charge. However, if you want the full range of services with all professional features, you will need a paid account for almost all stock market apps.

Good stock apps already offer all the necessary functions and high-quality information for an initial market analysis at how to trade stock in fee-free mode. Good to know: The more specific the functions and the more exotic the securities displayed, the more likely it is that fees will be charged. Fees are often charged on a monthly basis.

3. user-friendliness

Usability is another decisive criterion. If the operation is frustrating because functions are hidden or the app does not react correctly to inputs, this not only costs nerves but also time.

An exchange app should have a self-explanatory structure in which you can navigate to the desired service with just a few clicks. The system should run smoothly and receive regular updates.

4. search function

Whether you are looking for a specific security or the definition of a stock exchange term - a search function makes it easier to find the desired information. Especially with extensive stock market apps, a quickly accessible search field is a must. Some apps, however, limit their search function to certain sub-areas - such as the selection of securities or the FAQ.

Community

If you want to stay fully informed or are looking for confirmation for trading decisions, an active community is the best help. Usually in the form of an internal forum or via the comment function, you can read the opinions of other traders or join in the discussion yourself.

It is important that the chat function is easy to use and that moderators can intervene in case of emergency - because even in trading discussions a troll can sneak in.

6. security

If you want to trade directly via the app, the security aspect is particularly important. This starts with the comprehensive encryption of all data sent, but also includes data protection aspects, a secure login and a capable support team that can intervene in case of problems with the account.

What you need for mobile trading

If you want to participate in the stock markets directly from your mobile phone, you need not only a trading app but also a corresponding securities account or an account with the corresponding provider. To save costs, you should transfer your securities account or switch to a cheaper provider.

Of course, a functioning smartphone is also necessary. However, the technical requirements are usually so low that even somewhat older models can display all information in real time without any problems.