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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved.

How to choose the best trading app in Australia

Trading apps allow you to trade anytime, anywhere. Here’s how to choose the best one for you.

Start trading today. For account opening enquiries call 1800 601 799 between 9am and 6pm (AEDT) weekdays, or email newaccounts.au@ig.com.

Contact us: 1800 601 799

Start trading today. For account opening enquiries call 1800 601 799 between 9am and 6pm (AEDT) weekdays, or email newaccounts.au@ig.com.

Contact us: 1800 601 799

What is a trading app?

A trading app is an application that enables you to trade on a range of financial markets anytime and anywhere. The app automates many processes typically performed by an online trading provider by providing real-time prices, financial analysis and placing trades.

How to choose a trading app

There are many different trading apps available, each with their own pros and cons. The best trading app for you will depend on your own personal needs and circumstances. Here are several factors to consider when making this decision.

1. Ease of use

An app with an intuitive interface that’s easy to use not only helps to simplify a complicated process, but also saves you time when trading. This provides quick, easy access to the markets where trades can be placed as and when you wish.

Our award-winning trading platform1 is specifically designed by traders with the user in mind.

Best Platform
for the Active Trader

ADVFN International
Financial Awards

Best Multi
Platform Provider

ADVFN International
Financial Awards

Best
Financial App

ADVFN International
Financial Awards

2. Products and markets

Different trading apps will give you access to different products and markets. Whilst some providers will choose to specialise in a specific product or market, others will offer a more diverse range.

Our mobile trading app allows easy access to a range of products and markets. You can:

3. Trading hours

Each market has certain opening times where it’s possible to trade. These times will vary depending on your chosen asset, market, country and provider.

For increased access, we offer extended trading hours on the shares, indices and forex so you can react to moving markets as and when they occur. In fact, we’re the only trading provider in Australia to offer weekend trading on forex.

With us, you can trade within regular and extended hours as and when you see fit.

It’s also important to remember that less liquidity in the after-hours markets means they’re more volatile, whilst this creates trading opportunities, it also creates higher risk.

4. Tools

When trading, it’s important to have access to a range of tools to help gain a good understanding of the markets so you can react as you see fit.

To ensure the best possible trading experience, our app comes with a range of tools.

  • Indicators – we offer 32 different indicators that help provide insight into market movements so you can develop your trading strategy accordingly
  • Charts - from candlesticks to line charts, our trading app offers a range of different ways to view the price movements of your chosen market, each one equipped with a range of drawing tools
  • Alerts – you’ve got the option to be notified when specific market movements occur, completely free of charge
  • Trading signals – we make buy and sell suggestions from third-party providers available on several markets to help with your trading choices
  • Trading analytics – provides analysis of all your positions so you can review and improve your trading performance
  • Demo account – enables you to practise trading and build your confidence with virtual funds

5. Fees and costs

Each trading platform charges different fees and costs for placing trades. Some apps will do so by charging a flat fee, whereas others will charge based on certain factors relating to an individual trade.

With us, the fees you’ll have to pay will depend on the type of account and the instrument you wish to trade. When trading on leverage with CFDs, you’ll need to consider commission and spread charges.

If you keep your CFD position open past 10pm UK time, you’ll also be charged for overnight funding.2

Find out more about overnight funding

6. Risk management

With trading comes high risk, particularly when using leveraged products such as CFDs. This is where you can open a position much larger than your initial margin to gain greater exposure to the markets, meaning you could gain or lose money faster than expected.

Our app comes equipped with a range of risk management tools. These include stop losses (both guaranteed and non-guaranteed), trailing stops and limit orders.

We also offer a range of charts to provide good visibility of market movements so you can make informed decisions when trading.

7. Customer service

Given the complex nature of trading, it’s important to have as much support as possible throughout the whole process. We offer 24-hour support from 5pm Saturday to 7am the next Saturday to answer any queries you may have.3 To do this, you can either give us a call or get in touch via our help and support website.

Best trading app for you

Our trading app has been designed by traders with your needs in mind. Not only have we won awards for our trading app1, but we also offer a range of features to support you throughout your trading journey. These include out-of-hours trading so you can react to moving markets as they occur.

Our app also offers several charts to help analyse the markets, risk management tools and 24-hour support to anyone who needs it.3

How to start trading on a mobile app with us

To start trading on our award-winning mobile app1, and seize trading opportunities wherever you are, you can follow three simple steps:

  1. Search for IG trading on the App Store or Google Play
  2. Download the app
  3. Create a CFD trading or share trading account with us

FAQs

What should I look for in a trading app?

The best trading app for you will differ depending on your personal needs and requirements, but several features you should consider when making this decision are:

  • Ease of use
  • The products and financial markets provided
  • Trading hours
  • Tools
  • Fees and costs
  • Risk management tools
  • Customer service

How can I start trading?

Here are some steps to help you get started with making your first trade:

  1. Understand the products and markets you wish to trade. You can do so through IG Academy
  2. Understand the risks involved and how to manage them
  3. Practise trading on our demo account
  4. Once you feel comfortable, create a live account and begin trading

Try these next

Trade thousands of markets wherever you are with our trading app

Seize opportunities with our award-winning trading platform1

Learn everything you need to know to start your trading journey

1 Best Finance App, Best Multi-Platform Provider and Best Platform for the Active Trader as awarded at the ADVFN International Financial Awards 2024.
2 Our trading hours are based on UK hours, and are converted to AU time zones. This means that the times listed are affected by both UK and AU clock changes in the year, and will be adjusted by +/- 1 hour accordingly.
3 24 hours except from 7am-5pm on Saturdays (AEST) or 8am-6pm on Saturdays (AEDT). Our trading hours are based on UK hours, and are converted to AU time zones. This means that the times listed are affected by both UK and AU clock changes in the year, and will be adjusted by +/- 1 hour accordingly.