Swing trading is all about spotting trends or price momentum confirming the move and jumping on the trend once confirmed, as early as possible for as long as possible.

Swings trades are generally technical traders; they use charts and indicators to look for and confirm trading opportunities. So to swing trade from a trading app you will need one that offers a decent charting package.

Compare The Best Accounts For Swing Trading

Trading PlatformActive ClientsMinimum DepositFoundedInactivity FeePLC?Client Loss %More Info

City Index

126,0001001983£12 per month✔️70%Visit City Index
Interactive Brokers1,400,000019770✔️60%Visit IBKR

CMC Markets

308,64401989£10 per month✔️66%Visit CMC Markets
Pepperstone110,000020100❌79.3%Visit Pepperstone
Saxo Markets525,00001992£25 per quarter❌70%Visit Saxo Markets

Markets.com

11,0001002008£10 per month❌77%Visit Markets.com

Spreadex Financials

4,000019990❌69%Visit Spreadex

IG

313,000£2501974£12 per month✔️73%Visit IG
FXTM
n/a$502011$5 per month❌77%Visit FXTM
XTB
447,00002002€10 per month✔️77%Visit XTB

One of the best charting packages on a swing trading app is found at CMC Markets.

The broker offers a wide range of instruments for you to trade across various asset classes and 13 separate chart types, as well as a host of indicators and tools. For example, you can draw hourly pivot points, which are an ideal indicator for intraday swing traders to screen for opportunities.

The app is available to download for free and has a demo account option. If you are going to test it out on the demo note that these accounts expire at month-end.

As to swing trading terms and fees, the minimum trade size is 50p the minimum deposit £100.00 trading charges vary by instrument but are competitive. For example, CMC Markets charge 0.10% on UK equities and a spread of 0.70 on EURUSD FX and 0.30 on Gold.

There are around 9,300 markets to choose from and the app comes with tools such as sentiment and positioning indicators, analysis news and calendars, though their Reuters news feeds are only active on live trading accounts.

Richard Berry

Richard Berry

Richard founded the Good Money Guide (previously Good Broker Guide) in 2015 and has been a broker for 20 years most recently at Investors Intelligence and previously a multi-asset derivatives broker at MF Global (Man Financial). Richard started his career working as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson) after interning on the NYMEX oil trading floor in New York and London IPE in 2001 & 2000.
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