Best stock trading app Ireland

Last updated: 28.02.2023
Christian Kuehn
Author:
Christian Kuehn
Adviser
CFD & Trading
Experience
> 20 years

Greetings, and welcome to the nextmarkets guide to finding the best stock trading app in Ireland. As a trading analysis platform and experts in the field of all things trading related, we know this area well!

We will guide you through the do’s and don’ts when trying to find the best app to begin or continue your investment journey, while also offering you some tips to help you through the world of brokers and trading overall. With that in mind, let’s jump right in!

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nextmarkets investors

  • Searching for a stockbroker app in Ireland
  • Finding the best stock trading app
  • Additional factors to consider
  • Red flags
  • Additional issues to avoid
  • What to look for in an app

Searching for a stockbroker app in Ireland

When you are looking for a suitable stock trading app in Ireland, there are a few things to consider about yourself beforehand; are you new to investing? Or have you got a bit of a background in these areas and won’t need as much help as someone who is brand new?

Also, it is worth considering which types of stocks you want to invest in and to review your investing goals.

As you may have guessed, there are a myriad of different stock trading apps in Ireland and many have been designed for different types of investing and different levels of expertise. For instance, the infamous eToro is more suited to beginners, whereas another famous stock trading app in Ireland,  Plus 500, is a bit more technical and geared towards international trades.

Finding the best stock trading app

So, now that you have determined what your investing goals are and your level of experience, we can move onto what to look for in a stockbroker app. And while this may seem like a simple ‘check-the-online-reviews- step’, it is a bit more technical; afterall, money, trading and stocks is rarely straightforward! You’ll be able to buy Tesla stock to fund your retirement? Or would you prefer a short-term investment and are looking to buy Apple stock to fund a holiday? It’s all possible.

Check the cost

Through your internet search, you will have undoubtedly encountered phrases such as ‘free spreads’ and ‘free stock broker apps.’ If you are looking for tips on how to buy stocks in Ireland, these and other stock broker apps which offer free accounts can seem like the obvious choice to go for, but just because the account is free, it doesn’t mean that all the services of the app are!

Many stock broker apps offer free accounts, but there are often fees and charges for additional services; e.g. there may be a fee for broker assisted trades, or even a transaction fee. 

Check to cost and check for associated costs. Some stocks cost more than others, so for example, if you buy Netflix stock, it may cost more than if you buy Amazon stock  but may be more affordable than if you buy Facebook stock. So always check!

Support

We cannot put enough emphasis on how important support is when you are using a new app, especially when learning how to buy stocks in Ireland.

Do all your short-listed apps offer 24/7 support? How is their customer support overall? Are other traders happy with how their issues were handled? If not, move on! 

Education resources

If you are a bit of a dab hand in the world of investing, this area may not be so important to you but if you are somewhat of a fledgling, you will need to look into education resources of the app you have chosen.

Are there vlogs? Are there articles linked to the app that show you how to buy stocks in Ireland?  Is there a difference when you buy Google stock from other stocks?

As before, if not, then it’s time to swipe to the next app!

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Additional factors to consider

Clarity!

There is an old saying; ‘If it sounds too good to be true, it probably is.’ And nowhere is this truer than with brokers and investing. 

If you have found an app that guarantees that you won’t lose any money, it is a red flag. 

When looking for a good investing app, you need to look for one that also explains the risks that come with trading and investing. Nobody knows what a stock is going to do, so any app that proclaims that it does know is unlikely to be legitimate and you will probably lose money. 

Usability

OK, so this does in some ways tie into the level of experience but any app that you use for making investments should be easy to understand and have good usability. 

As mentioned before, the world of trading can be confusing, even to those who are experienced, so to break down those walls and to boost confidence, you should look for an app that is easy to use and offers simple, jargon-free tips and advice. 

If you feel like you are looking at blueprints from an alien spacecraft, you guessed it, move on to another app to make your investments.

Red flags

Security-issues

OK, so as is the case with any site where you will be placing your money, you should always research the app to ensure it is not the victim of frequent cyber attacks or hacking. 

Sadly, many online investment sites and apps do have a history in their early days of being hacked but you can weigh this issue with how they now protect their investors. 

If you aren’t sure if the app you are using to invest has any protection for investors against hacking, look for the app’s regulations. If they are Ireland-based, the app should be approved by the Irish Stock Exchange plc and the Ireland Strategic Investment Fund. 

Bad reviews

While we mentioned earlier that finding a suitable trading app is a bit more complicated than simply reading the reviews, there is a lot of insight to be had by looking at customer reviews. 

In relation to broker apps, keep an eye out for phrases like ‘poor customer service;’ as mentioned before, you will want an app that offers you real support when you are investing, especially if there is an error. 

Try to pick an app that (based on reviews) offers good customer service, is clear to use and enables you to learn as you go. Keep an eye out for apps that can provide investors with different levels of support and advice based on your expertise level with trading and shares- they are often the best!

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Additional issues to avoid

Pressure

More commonly seen with dodgy real-life stockbrokers, it is worth exploring if you feel that the app you have chosen is pressuring you into making bad decisions.

We have all left something in our basket on an online shopping site, only to be reminded about purchasing it a few hours later. But in relation to stocks, if you feel you are being pressured into investing in stocks you know nothing about, delete the app and contact the provider and the authorities. 

Guarantees

We touched on this briefly before, if the app claims it is the best app to buy stocks in Ireland and guarantees that you make money from it by purchasing earmarked stocks, that is a huge red flag. 

There are no guarantees when investing; nobody can predict stock movement 100%, so any app that proclaims it can is likely to be fraudulent. Never take anything at face value. It’s imperative that you consider all available information and base decisions on well-informed insights. 

What to look for in an app

So,when looking for a good investor app, there are a few takeaway points. 

Be sure to find one that offers you support 24/7 and helps you become educated in the world of trading, using jargon-free language across all areas. Keep an eye out for apps that can offer different insights based on your knowledge of investing. Make sure that if you feel the app is glitchy, or is putting too much pressure on you to make an investment, that you delete the app and report it to the correct authority.

Stock trading app Ireland FAQ

How do I use an investment app?

All investment apps have different features but generally speaking, their core functions are very similar and do not alter based on your level of expertise with trading.  Following the regular sign-up of names, emails and confirming bank accounts, you may then be guided through the app with a tutorial, which is useful for beginners. However, if you want to know which stock trading app Ireland offers the most in-depth introductory tutorials without signing up, head over to nextmarkets to view our comparison of different investment apps and their user-friendly features.

How much money do I need to invest?

This can be tricky and, as mentioned earlier, should be determined by your level of knowledge in relation to stocks. It should also reflect how much money you have to invest and your type of investment. 

But as you may have guessed, different investment apps offer different initial investment amounts, based on the aforementioned factors and other variables such as stock types and risks. If you want to find out which broker app offers the lowest initial investment amounts, then our reviews of broker trading apps at nextmarkets will help you to find the right app for you to begin your investing journey. Great stuff!

How do I determine if an investment app is safe?

Any good investment app will have a segment on its homepage or secondary page which highlights its safety features in relation to protecting your identity and of course, your money.

Try to find an app that has two-factor authentication, and also highlights how it checks for hackers. It is also worth using an app that offers advice to investors about how to keep themselves safe when investing, such as not using public WiFi. To find out which broker apps we felt offered the best protection for investors, head over to our site for our review.

What makes an investment app good?

While good security is a key factor of any good broker trading app, there are also a few other things that even the most expert investors look out for with apps. 

The first thing that is important to even a novice to the world of investments is how clear and easy to use an app is; you don’t want to sign up for an app that may as well be written in Egypitan hieroglyphics! Jargon-free is key to ensuring that you have a good time with your investment journey and that you fully understand all of the associated risks. 

And of course, another thing to check with any investment app is the range of stocks, options alongside other assets that it can offer you. If this seems like a daunting checklist, feel free to visit our website where we have reviewed the most popular trading apps in Ireland and have ranked them based on these factors (and more!).

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