As technology continues to advance, the world of commodity trading is becoming more accessible to the average trader thanks to mobile apps. The right app can provide traders with access to real-time commodity price movements, news, and analysis, all at their fingertips. As we begin the second half of 2023, let’s take a look at some of the most popular commodity trading apps available today.
MetaTrader 5 (MT5)
MT5 is a multi-asset platform for trading forex, stocks, commodities, and futures. This app has an intuitive interface and features advanced charting tools, real-time quotes, and customizable indicators. With this app, traders can quickly access market data for a variety of commodities and make trades on the go. MT5 is a popular app among traders who specialize in forex trading as well as commodity trading.
Trade Interceptor is a mobile trading app that provides users with access to multiple markets, including commodities, forex, CFDs, and cryptocurrencies. The app offers real-time market data, advanced charting tools, and an intuitive interface that is easy to navigate. Trade Interceptor is popular among traders who are looking for an app that supports advanced trading strategies and automation, as it offers many features for advanced traders. Check more on commodity trading app.
Robinhood is an excellent commodity trading app designed for beginner traders. The app has an easy-to-use interface and can be used to trade stocks, ETFs, options, and cryptocurrencies, among other assets. While it does not offer as many features as some of the other trading apps on this list, Robinhood is popular because of its no-commission trades, ideal for investors seeking the most cost-effective trading solutions.
E-Trade is another popular online broker known for its robust trading tools and extensive research resources. The app provides access to a wide range of commodities, including precious metals, energy, and agricultural commodities such as wheat and corn. E-Trade is popular among experienced traders and investors who want to leverage advanced trading tools while gaining access to comprehensive market data and investment insights.
TD Ameritrade is an all-inclusive app with a variety of trading options for commodities, currencies, stocks, and ETFs. The app offers real-time quotes, market news, and access to TD Ameritrade’s proprietary trading tools. With TD Ameritrade, traders can execute trades quickly and access real-time research materials while keeping real-time track of their portfolio’s performance. Check more on commodity trading app.
Interactive Brokers is designed for professional traders and provides traders with access to many markets and commodities, including agricultural products, precious metals, and energy. This app offers customizable charting tools, advanced market analysis, and powerful trading technology that supports over 125 order types. The app also offers real-time market data and offers traders access to the Interactive Brokers global research team.
Oanda is a popular app among both novice and experienced traders because of its user-friendly interface and sophisticated trading tools. The app features customizable charting options and provides access to a wide range of commodities, as well as forex, stocks, and equity indexes. Additionally, Oanda offers tight spreads on trade execution, which makes it a particularly attractive option for traders interested in scalping.