Using a trading app in Germany can be convenient, but it also puts your capital at risk. Before trading, you should learn about the risks involved and diversify your portfolio. Inexperienced traders may lose huge sums based on ease of use. Moreover, trading without a broker could lead to massive losses, and a German broker can help you maximize your investment goals. Not only do German brokers understand local regulations, but they can also provide you with correct annual statements.
The eToro app is well-designed and intuitive. It is available for both iOS and Android devices. It also offers support for several languages. Its mobile platform offers similar trading procedures as its web version. It’s flexible and easy to use, and the app allows users to access essential features and services with just a few taps. It is also fast and easy to open an account. The verification process takes less than 24 hours.
German stock brokers should be registered with the BaFin (German financial regulator). This will help you avoid delivery risks and dual listing issues. You should also look for a stockbroker with a good platform. Most modern online trading platforms feature a news feed, stock charts, and research materials. If you’re an active trader, choose Scalable Capital. Traditional banks can be good options as well.