- There are several ways to trade stocks online, but the best method is by using trading software.
- Mac platform has many great trading applications, and today we’re going to show you some of them.
- A good trading platform for Mac will ensure easy usage and versatility when it comes to customized options.
- Another very important aspect when choosing a trading app is the possibility it gives you to learn the ropes fast.
Many people are trading online, and macOS users aren’t an exception. The versatility and ease of trading from the comfort of your own home can make a huge difference when it comes to the time you’ll be spending doing this.
Being able to trade stocks while wearing your favorite slippers and robe allows any user with an internet connection and a bit of time to become a real-life stock investor.
Of course, investing and winning are two separate things, but with a bit of practice and the help of specialized software, anybody can do it.
In today’s article we’re going to show you the best trading software for Mac, so let’s get started.
Important elements to consider when choosing a trading software
Ease of use
No matter if you have experience with trading or not, if you’re making the change towards a trading software, it is very important to be capable of learning how to use it optimally.
This is where the importance of how hard it is to use the software comes into play considerably. Of course, it will harder for an inexperienced trader to get the hang of software that does just that, but if the software offers a user-friendly environment, the learning curb will be a lot easier to manage.
It goes without saying that in the 21st century, security while using online services became one of the staple elements when choosing software.
This principle applies even more when you’re exploring possible trading software, as having a security breach when dealing with this subject can spell catastrophe, both for experienced and inexperienced users.
Because using online trading software will imply a whole range of transactions within the software itself, it is very important that it has this service built-in.
This element will provide you with all the tools you need to perform transactions, both including depositing and withdrawing funds.
If this section of your application doesn’t work properly, you might find yourself unable to charge up your account, or, for that matter, withdraw the earnings you made.
Variety of currency
As you already know if you’ve delved into this subject in the past, being able to use a variety of currency options while trading can have a huge impact on your capability to earn money from your transactions.
No matter the area you’re choosing to invest your funds in, the capability of withdrawing your money in the currency you desire is a crucial element.
What is the best trading platform for Mac?
eToro has a clean user interface with easy-to-use features and robust tools tailored to your trading needs.
With the one-click trading function, you can open a new position based on ready-made parameters. The platform tracks your trading habits and adjusts the settings accordingly each time you access the desired financial instrument.
eToro software provides you with several tools meant to facilitate the trading process and help you make an informed decision, such as the research tab, the stop loss and take profit orders, and ProCharts, a tool that lets you compare charts from different financial instruments and time frames.
It is worth noting that eToro works in full accordance with the CySEC, FCA, and ASIC regulations. These regulations ensure that the investors on this platform are protected.
To ensure smooth operations, eToro uses some of the best banks in the world and protects your sensitive data with SSL encryption.
As an added feature, you can also activate Two Factor Authentication to ensure that you will be the only one capable of accessing your account. This works by sending an authentication code on the mobile phone connected to your account, and it can be easily turned on by accessing your Account Settings.
Because eToro was designed to cater to all levels of experience, you are most likely going to have a smooth experience while using the easy-to-understand user interface, and easily accessible settings.
The app also includes a cashier function that is easy to control, and the variety of currency you can both invest and withdraw is quite comprehensive.
Even when the platform is down for maintenance, you can place certain orders offline and never miss an opportunity.
eToro USA LLC does not offer CFDs, only real Cryptocurrencies are available for US users.
Trade commission-free stocks with this award-winning platform!
Disclaimer: 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.
TradingView has an advanced and intuitive platform, equipped with various tools suitable for both beginner and experienced investors.
The charts tab offers a compact view of the latest stock price, price patterns with scripts, and more. Besides, it is highly customizable, allowing you to create formulas, rewind markets, and customize time intervals to suit your trading strategies.
The software comes with several smart tools dedicated to market analysis, including 100+ pre-built indicators, candlestick pattern recognition, and more than 50 intelligent drawing instruments. It also puts at your disposal an impressive volume of fundamental data for all major stock exchanges.
The company is very keen on keeping your data private, and for this reason, they only collect information on a requirement basis, and not without consulting with you first.
Unfortunately, the TradingView app can not be used in a desktop version, and it might seem very expensive if you’re considering some of the best-paid plans.
Added to this, it is worth noting that the application has limited trading capabilities, and thus should be used in the trading markets that allow for its use.
Here are some other useful features that you might find interesting:
- Social-networking integration
- A wide range of tools are available for free
- Updated charts of real trades happening around the world
- Mobile application for both Apple or Android devices
- The option to temporarily unlock paid services by using the Free trial version
Enhance your trading experience with this highly versatile trading software!
ZuluTrade is an industry-leading social and copy-trading platform that has robust customer-oriented features and a wide range of assets, including stocks, cryptos, and forex.
This software has a built-in automated trading function that lets you copy the trades of experienced investors and view their rankings, as well as their overall profit. Through the platform’s social network features, users can review signal providers, leave comments, and ask questions.
Other key tools of ZuluTrade include the Automator, a tool that executes actions by itself or notifies you via email when important events occur, and ZuluGuard, a unique risk-management feature that protects copy traders if irregular trades are placed by investors they are following.
The platform offers round-the-clock professional customer support through live chat and a 24-hour hotline.
When it comes down to security, like any respectable online service, ZuluTrade uses Secure Socket Layer encryption (SSL), which ensures that no other third parties can come between your information and the ZuluTrade platform.
Besides this, the platform also uses varied authentication systems like passwords and PINs (personal identification numbers), and a variety of powerful firewalls.
To ensure that access to your account can only be possible by the account owner, a variety of other control mechanisms are put into place that ensure the stoppage of any unauthorized access to both data and their systems.
Copy the trades of the most successful investors worldwide with ZuluTrade!
ProTA is a trading software that combines technical analysis and fundamental analysis into one. The software is optimized for beginners, but it also has features for experienced traders.
The software is highly customizable, and you can arrange charts and other data any way you like. ProTA also offers over 100 bundled technical indicators, line studies, and smart lists.
There’s even a built-in trader’s programming language so you can design your models and analytics. Overall, the software is perfect for both beginners and experts, so feel free to try it out.
Even though not as powerful as the previous mentions, and without as many features, the ProTA offers a good selection nonetheless.
By using the live metrics found in this software, it can give you the edge over others who don’t understand the principles of technical analysis software.
Latinum is trading software, and it allows you to view US and international stock and Bitcoin charts. The software can also be used for Forex and CFD trading.
Stock data is provided by IEX Cloud and there’s FXCM Trading Station/Marketscope compatibility for Forex data.
The software is incredibly simple to use, and it supports multiple chart types for best data representation.
We have to mention that software only supports trading via Forex brokers, and there’s no trading available for stocks or cryptocurrencies.
Trading stocks on Mac is simple, and we hope that our guide helped you find the perfect trading software for you.
What is your trading software of choice? Let us know in the comments below.