Are you looking for the best stock trading application in Ireland? If yes, then the chances are that you did your research and know that there are numerous active providers in this arena.
This is where you need to differentiate the best from the rest! Of course, you’re going to look at all the different platforms in doing so. But, interestingly, it doesn’t just end here! Once done with the metrics, you’ll have to go through the different factors like regulation metrics, commissions, fees, tradable shares, etc.
This guide discusses the different platforms to help you review the best stock trading app in Ireland. We have also walked you through the screening and process of setting up your account for your first trade. Let’s get started!
Factors Determining The Best Stock Trading App In Ireland
Now that you have decided to get started with your investment journey and the goals associated, we can move ahead to check the different requirements of a stock trading app.
Interestingly, it’s not all about ‘checking reviews online!’ When looking for the best stock trading app, you need to look at multiple aspects like the fee, technical indicators, and folio, among other factors. Since it’s your money involved, let’s check out some of the crucial factors determining the best trading app in Ireland.
Check the costs associated with trading
Considering you’ve already done some research beforehand, we bet you must’ve come across multiple exchanges using targeted keywords like ‘lowest spreads’ and ‘best investment apps Ireland.’ Therefore, when looking for the ideal account, the chances are that you might like the idea of a free account. However, that doesn’t mean that all the services in the app are free too!
Many stock broker apps provide new users with free accounts, only to charge them a massive fee on additional services associated with everyday trading and funding. Therefore, it is always a wise move to check out the processing fee and other associated costs with your ideal stockbroking app.
Safety & Regulations
When building your portfolio, would you like to create one under an unregulated broker?
Therefore, another factor determining your selection of platform for online share trading in Ireland is the platform’s regulations. Most reputable platforms are backed by organizations such as CBI, CySEC, FCA, and ASIC. These regulators are a mark of a standard that the stock exchange is reliable and can be trusted to trade with.
Furthermore, many brokers save their client’s funds in separate accounts to ensure their money’s safety. Therefore, ensure that you thoroughly check before signing up with them.
We can’t emphasize enough how vital the proper customer support is, especially regarding the best investment apps in Ireland.
Therefore, when looking for the best platform, ensure that you’re satisfied with answers to the following questions:
- Do your shortlisted stock trading applications offer 24/7 support?
- Does their customer support has an overall positive response?
- Are the traders satisfied with the way their queries are handled?
If you remain unsatisfied with any of the above answers, move on!
Given how this blog is focused on new investors, this is one crucial area for you! Before signing up with any stock trading app in Ireland, you must ensure that the platform has enough educational tools to educate you through your trading journey.
Look at the different study materials that the platform provides. It can be anything, ranging from vlogs to demo accounts and more. However, if they don’t have many resources, you know it’s time to look for a new app!
Now that we have all the essential factors needed to find the best stock trading app in Ireland, you’re at a 50/50 chance of either finding your ideal platform or continue searching endlessly.
This is where a curated list of the different trading applications might come in handy! Therefore, continue reading to get an idea of the various stock trading applications you can start with as a beginner in the following section.
Best Stock Trading Apps In Ireland
eToro was launched back in 2006 and has since earned an extensive reputation for being one of the most prominent social trading platforms. eToro provides its users with a free trading app that is compatible with both Apple and Android devices. Currently, eToro enjoys an extensive clientele of over 20 million users worldwide.
eToro is also one of the leading global forex and CFD brokers, meaning you can even get a forex trading app with eToro. eToro gives you access to about 17 international stock markets, many CFD assets, copy trading features, and even a full-fledged free trading app.
Trading stocks with eToro is straightforward, especially if you are interested in short-term trading. Most importantly, the platform offers a mobile app that allows you to trade your stocks. Thus, you can access all the features in the mobile app just as a broker can access from their desktop. You need to make a minimum deposit of $50 and pay 50% of the conversion fee for all non-USD deposits to get started.
- Heavily regulated by the FCA, CySEC, and ASIC
- Best broker for 0% commission stock trading
- Access to copy trading tools
- Convenient demo account with $100,000 of virtual funds
- Simple, clean UI with convenient educational skills for beginners.
- Users need to pay a fee on account of inactivity
AvaTrade is one of the most trusted CFD and Forex brokers that have been in the business since 2006. ASIC and CBI heavily regulate the platform to ensure you can safely trade your stocks. What’s even better about AvaTrade is the platform allows you to trade even cryptos without charging any commission.
AvaTrade certainly bags the title for the best trading app in Ireland for tradable assets. Why? Because the platform allows you to trade in over 55 currency pairs and various CFDs. Besides that, you get many other options, such as trading stock CFDs, stock index CFDs, commodities CFDs, ETF CFDs, and bond CFDs, among many more.
Additionally, AvaTrade is one of the most cost-efficient platforms you can find for trading forex and CFDs. The fees for trading all come included in the bid-ask spreads. But the best part is that you need not worry about any withdrawal fees, deposit fees, account fees, and even non-trading fees, which are very affordable with AvaTrade. Finally, AvaTrade is also heavily regulated by many authorities, including the CBI, FSA, ASIC, FSCA, and more.
- Quick and seamless account opening
- Low CFD trading fees
- Heavily regulated by CBI, ASIC, FSA, FSCA
- No withdrawal or deposit fees
- Provides access to many research tools
- Limited access with only access to forex, CFDs, and cryptos
Libertex is another leading investment app in Ireland widely known for not charging a bid-ask spread. This comes as a revolution especially considering the significance of spreads in determining the brokerage charges. However, Libertex still charges commissions, mostly from 0 to 0.5%.
Despite Libertex being one of the most cost-efficient trading apps, it still provides wide-ranging choices in terms of markets and assets. Some of the most popular ones include forex CFDs, commodities CFDs, crypto CFDs, and stocks CFDs, just to name a few.
On top of that, the platform gives you seamless access to a wide range of research tools. So if you are someone getting started with stock trading, this is an ideal platform for you.
Libertex is one of those few platforms that gives you access to MT4 in Ireland. All you need to do is simply download an MT4 application, login with your credentials, and you are good to get started. CySEC also regulates Libertex, so you can stop worrying about the security and safety of your trades.
- Supports 2FA for extra account protection
- One of the best trading apps with low fees
- Well designed free trading app
- Fully regulated by CySEC
- Free inactivity period of 180 days
- The platform is limited to offering CFD trading
Plus500 is another trading app for you in Ireland based in the UK. The platform is widely known for its low fees and variable spreads, including some of the most competitive ones. In addition, plus500 does not charge any fees or commissions for withdrawals and deposits.
However, it really sets Plus500 apart and provides its users with an unlimited demo trading account. This allows users to use the paper stock trading app and familiarize themselves with the features and functionalities of the platform. You can even leverage convenient e-wallets such as PayPal to trade in Plus500.
Plus500 is licensed with the London Stock Exchange, making it an ideally safe and secure platform to trade your stocks. Besides, the platform’s usability is certainly worth appreciation as it eliminates all the hassle of stock trading.
With Plus500, you get seamless access to a wide range of research tools and instruments that allow you to make better and informed decisions. You also access a wide range of tradable assets, including ETFs, stocks, forex, indices, etc.
- Seamless account opening experience
- Unmatched customer support
- Non-trading fees are low
- Relatively low minimum deposit
- Comes with an extensive range of research tools
- Fewer trading features and tools
Fineco is another prominent trading app in Ireland listed on the Italian Stock Exchange. This is one of those few trading platforms that allows you to trade actual shares and stock CFDs. As a result, this platform has become the ideal stock trading platform for long- and short-term investments.
Fineco also allows you to buy and sell stocks from the UK markets with a nominal fee for the service. Besides that, you can even access many other international stocks through Fineco. However, the trading fees might vary based on the stock exchange you wish to familiarize yourself with.
Furthermore, the platform will charge you a 0.25% annual fee for purchasing all traditional stocks. But there is no commission for CFD trading, no matter if you are interested in long-term or short-term trading. Fineco also allows its users to short-sell any chosen stock with ease.
Fineco provides traders with a user-friendly mobile application available on Android and iOS platforms. But keep in mind that the platform charges a minimum deposit of 100 €.
- No commissions or inactivity fees.
- Tools for portfolio management are included.
- Outstanding fundamental analysis and commentary.
- Tracking the performance of investments is made simple
- Low commissions for stock trading
- Charges a 25% annual management fee
Revolut has recently earned an extensive reputation for being one of the fastest-growing fintech businesses. Founded in 2015, its business operations primarily focus on payment and banking services. However, the commission-free trading service came into being just in 2019 after approval from FINRA and SEC.
One of the best qualities of Revolut is that it protects its clients up to $500000 under the SIPC insurance. One can even avail of a cash claim as long as it is up to $250000. FCA regulates Revolut in the UK in terms of regulation and safety.
Revolut provides its users with three different types of accounts, each of which comes with varied trading fees. For instance, suppose you choose the standard account; you will be entitled to single free trading in a month. However, after you have used up the free trading, Revolut will charge you 1 € for every transaction.
But the best thing about Revolut, it allows you to buy and sell all stocks and equities listed on US exchanges. Additionally, you can even choose to trade in cryptos and many other precious metals through the limited access portfolio of Revolut.
- Regulated by US SEC, FINRA, and UK’s FCA
- Offers one free stock trade per month with the standard account
- Low non-trading fees
- No minimum deposit
- Wide range of options in terms of payment
- Lack of transparency in the structure of trading fee
Degiro is one of those trading platforms in Ireland, with its headquarters back in Netherlands and Germany. The platform was established back in 2008 in the Netherlands. However, with time both Degiro and flatexDegiro Bank AG merged in early 2021. As a result, they became the most prominent online execution-only broker with a proprietary license in Europe.
Furthermore, the platform is governed by none other than the FCA in the UK. But the trading fees in Degiro can be a confusing ordeal. This is because the platform uses the fixed approach and the percentage approach in other cases. So, for instance, if you are trading stocks in the UK market worth 1.75, an additional 0.014 percent commission will be charged.
But compared to many other trading platforms in Ireland, Degiro certainly offers a low non-trading fee. So you need not worry about any withdrawal, deposit, non-trading, or no account fees. Degiro is the ideal platform for people looking for convenient payment methods. The platform allows you to use anything from e-wallets to bank transfers with no hassle whatsoever.
- Leading trading apps for beginners
- Regulated by a range of financial authorities
- Intuitive mobile trading app
- No deposit fees
- Regulated by BaFin
- Debit and credit cards are not accepted
Goodbody is considered to be one of the best trading platforms in Ireland. The platform is based in Dublin and has served many clients for over a century. As a result, they have earned an extensive reputation among ordinary people for their wealth management services.
You can gain seamless access to over a thousand different types of shares from ten other markets across the globe. Given its extensive reputation, Goodbody is one of such platforms you can lay your trust on without any doubt.
The fees charged by Goodbody are transparent, so you need not worry about any hidden charges. With that said, you will need a minimum balance of €5,000 to trade on Goodbody. The best thing about Goodbody is it provides its users with a mobile application that offers unmatched usability and user experience. This means you can trade your shares and ETFs even when on the go.
- Top-rated customer service
- User-friendly mobile trading app
- Listed on the Euronext Dublin and London Stock Exchange
- Regulated by the Central Bank of Ireland and the FCA.
- Transparent fee structure
- The minimum balance is relatively high
Here’s a detailed comparison of the different platforms and their differentiating factors.
|Stock Trading Platforms
||CFDs, Forex, Commodities, Cryptocurrencies, real Stocks and ETFs, indices
||Forex, CFD trading – index CFDs, stock CFDs, commodity CFDs, Bond CFDs, ETF CFDs.
||€10||CFDs, forex and crypto CFDs, stock CFDs, commodity CFDs, stock indices, ETF CFDs, Options CFDs
||0%-0.5% for stock CFDs
||Stocks, ETFs, indices, forex, commodities, and options.
||Real shares and CFDs
||25% management fee
||Equities listed on US exchanges, cryptocurrencies, and some precious metals
||Stocks, ETFs, bonds, and futures
||Fixed fee or percentage
||Shares and ETFs
Listed above are some of the best stock trading apps in Ireland. Thanks to easy access to the internet, stock trading has become much easier and more convenient than before! Given how beginners are, many continue to doubt that one particular platform that stands out on the list. If you’re the same, we have that one platform for you!
Looking at the overall fee structure, payment methods, and commission that is involved in each trade, eToro, in our opinion, stands out as the best trading app for beginners. Lastly, since this list is not fully comprehensive and these are just a few of many platforms, you might still be looking for the best. Thus, carry out your research to get the platform that best serves your requirements.
How to Get Started With The Best Trading Apps in Ireland
Now that you have your ideal trading platform in hand, you’re all set to start! However, before rounding off this guide to find the best stock trading app in Ireland, let’s look at the steps involved in signing up and commencing your trade.
Here are five quick steps to help you set up and get started with Ireland’s ideal stock trading app!
Step 1 – Create an account with the trading platform
Head over to your selected trading platforms website and click on the ‘Join Now’ button that you usually find in the top right corner. Once there, enter valid details (email address and name), creating a username and password for your new account.
Step 2 – Verify your Identity
Thanks to the anti-money laundering rules, you cannot process creating accounts in Ireland without doing a KYC. Therefore, ensure that you fill in all your information and complete your profile with the required information.
Once done, you’ll also be asked to submit copies of some government-approved proof of ID (copy of your driver’s license or passport) and an address proof (copy of a utility bill or bank statement).
Step 3 – Make a deposit using different methods
Every platform comes with a minimum deposit of some Euros (some have no required prerequisite too). Therefore, look at one of the following payment methods to complete your payments and make a deposit.
- Bank transfer
- Debit card
- Credit Card
- Rapid transfer
- Credit card
Step 4 – Download the trading app
Once done with the steps, it’s time to download your stock trading app! To get started, head to the Google Play or App Store and search for your selected stock trading platform. Download their application and log in using your credentials from earlier.
Step 5 – Get started with your investments!
Now that you’ve created your account and downloaded the platform, it’s time to get started with your trading journey.
Do different stock trading apps have different signup processes?
No! Almost every stock trading app in Ireland comes with similar signup steps. Once you’re done with the regular account creation by filling up the email, names, and linking your bank account, you are guided through the platform via a tutorial. However, let’s not forget that every stock trading platform has its own factors to make them unique. Therefore, before signing up for any of the available stock trading apps, ensure that you’ve done thorough research on how they function.
How much money do I need to start my investment journey?
Well, there’s no such minimum capital requirement when it comes to getting started with your investment journey. You can get started with as minimum as fifty euros or go high above a thousand. Therefore, the amount of money you need to invest should always be a product of your expertise and your trading strategy with different stocks. Besides, let’s not forget that different stock trading applications come with their own investment amounts. Therefore, you might want to do detailed research on the different platforms, the commission they offer, and the right platform that favors your trading strategy.
How do I determine whether or not an investment app is safe?
Any excellent investing app will include a section on its main or side page that emphasizes the program's security measures for protecting your money and identity. Therefore, it is always wise to look for an application backed by two-factor authentication and a detailed explanation of the different steps it has undertaken to avoid hackers. Besides, it's also a wise move to download an application that provides investors with tips on securing their trades. Once you've seen the different factors that come into play, you can determine your app is safe!
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