An essential part of trading is being connected to the market at all times. The majority of financial spread betting is still executed via desktop or laptop computer, but traders need spread betting apps to keep track of positions, move stops and limits and monitor profit and loss.
In fact, unless you are predominantly a phone trader and have a good working relationship with your broker who can keep you informed of what is going on, it doesn’t really make sense to open a spread betting account without at least some mobile format. Thankfully, most spread betting companies have their own android, apple or mobile-friendly interface. But which one should you go for and what are the pros and cons of each one.
Our guide to choosing the right spread betting broker covers which firm you should trust with your business, but what about trading when you are out and about or not in front of the computer?
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Which is the top spread betting app for your trading?
The best spread betting brokers who have the top trading apps are below. We’ve highlighted the apps from the top brokers in the industry. You can go on to read our full reviews then open an account to try them out. You can view the apps in the app store but to see them work you need to go to the broker website and open a live or demo account. In most cases, this can be done in a few minutes and you can be trading as soon as you have activated your account.
- IG invest the most in their technology and their app is second to none. Possibly the best broker with the widest offering and some of the tightest spreads in the business.
- Spreadex are a slightly smaller broker but they have recently relaunched all their platforms along with a brand new app It gives you a simple dealing screen and allows mobile spread betting.
- ETX Capital are well known as a big app provider, they have their good spread betting apps. They offer some very tight spreads executing deals on the app can be done with a single swipe.
Things to look out for when downloading an App
Firstly, you must be sure you have chosen a good broker in the first place. Good spread betting brokers invest serious money in keeping their clients connected to the market at all times. Always make sure your broker is regulated by the FCA and refer to our list of the best spread betting brokers to get started with a new account.
Secondly, you need to ensure that the app you are choosing has the features you require. You need to open various accounts and test the app in a live environment. You don’t necessarily need to deposit a huge amount to get started but you need to be comfortable with the app. For example, on desktop you may require all the sentiment data and charting technical analysis. But when on the move, all you require is a clear interface and easy dealing buttons so you can execute quickly when the moment is right.
Thirdly, what is latency like? If you are a scalper and trade in and out quickly looking to nick a couple of pips you need a lightening fast app from one of the major providers with super tight dealing spreads. If you are a longer terms trader and just want to be kept informed of live prices whilst not at your desk, a simpler app may be all you require.
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