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 Platform||Active Clients||Minimum Deposit||Founded||Inactivity Fee||PLC?||Client Loss %||More Info|
|126,000||100||1983||£12 per month||✔️||70%||Visit City Index|
|308,644||0||1989||£10 per month||✔️||66%||Visit CMC Markets|
|525,000||0||1992||£25 per quarter||❌||70%||Visit Saxo Markets|
|11,000||100||2008||£10 per month||❌||77%||Visit Markets.com|
|313,000||£250||1974||£12 per month||✔️||73%||Visit IG|
|n/a||$50||2011||$5 per month||❌||77%||Visit FXTM|
|447,000||0||2002||€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.