Most new traders invest their money through a mobile trading app. The most popular is eToro, which has over 20 million retail investor accounts, with 70 percent located in Europe. Other European platforms include DEGIRO, Flatex, and DEGIRO Mobile. Bank trading services are another option, but they are not as popular as they used to be. There are a number of advantages to using an app, including the ease of use and convenience.
These apps are regulated by an established financial body. Many will be regulated by CySEC, the FCA, or the FSA. A trading app should have negative balance protection, access to compensation schemes, and data privacy through AML and KYC protocols. Other reputable regulatory bodies include the ASX and CySEC. Mobile trading apps should adhere to the strictest security standards. Whether you plan to trade in the long or short term, it is essential to choose an app that offers the right level of support and functionality for your needs.
Saxo Bank’s mobile app is also an option. While it is not as intuitive as the website, it’s available for both Android and iOS users. Saxo Bank’s stock trading app is available for Android and iOS users. However, Saxo Bank’s fees are generally higher than those of other European trading apps. However, if you are an active trader, it’s well worth checking out Saxo Bank’s app.