Best Brokers with Smartwatch Apps in 2024

Overall Rating		⭐⭐⭐⭐⭐
Min. Deposit		0
Regulation		ASIC, FCA, FSA, NFA, AMF, FMA, MAS, DFSA
Trading Instruments		18,000+, forex, indices, cryptocurrencies, shares, commodities, ETFs, options, interest rates, bonds
Demo Account		Yes ($20,000 in virtual capital)
Trading Platforms		Online trading platform, Mobile trading app, Progressive web app, ProRealTime, MT4, L2Dealer
Max. Leverage		1:200
Regional Restrictions		US clients are not allowed.

IG offers smartwatch apps for both Apple Watch and Android Wear devices.

Features:

• View live market prices and charts: Track key quotes and trends for your favorite assets directly on your wrist.

• Receive notifications: Get alerted to price movements, news updates, and order execution confirmations.

• Manage open positions: Depending on the app version, you are able to close existing trades or adjust stop-loss and take-profit orders.

• View account balance and history: Monitor your overall portfolio performance and past trades conveniently.

Overall Rating		⭐⭐⭐⭐⭐
Min. Deposit		0
Regulation		CySEC, FCA, CNMV
Trading Instruments		5400+, Forex, Commodities, Indices, Shares, ETFs, Stock CFDs, ETF CFDs
Demo Account		Yes
Trading Platforms		xStation 5, xStation Mobile
Max. Leverage		1:30
Regional Restrictions		/

The XTB smartwatch app allowed users to control their finances and investments directly from their wrist.

Functions included:

• Monitoring positions

• Placing orders

• Viewing advanced charts

• Accessing market news and analysis

• Utilizing technical analysis indicators

• Closing all positions simultaneously

This app was primarily aimed at busy traders who desired quick access to their investments.

Overall Rating	⭐⭐⭐⭐
Min. Deposit	20 USD/EUR/GBP or 100 PLN
Regulation	ASIC, CySEC, FCA, NBRB, FSA (offshore)
Trading Instruments	3700+, commodities, indices, cryptocurrencies, stocks, forex, ETFs
Demo Account	Yes
Trading Platforms	Mobile Apps, CFD Trading App, TradingView, MT4
Max. Leverage	1:30
Regional Restrictions	/

Capital.com doesn't currently offer a full-fledged smartwatch app for managing and trading stocks, options, or other assets. However, they do provide a Bitcoin & Cryptocurrency Price Widget specifically for Garmin smartwatches with Glance Support.

Features:

• Stay on top of the crypto market: Keep track of real-time prices and changes for Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Dash (DASH), and Bitcoin Cash (BCH) directly on your Garmin smartwatch.

• Quick and convenient: See price updates at a glance without needing to pull out your phone.

• Simple and informative: The widget displays clear and concise information, perfect for on-the-go monitoring.

⚠ Note: TD Ameritrade has been acquired by Charles Schwab.

Overall Rating	⭐⭐⭐⭐
Minimum Deposit	$0
Regulation	SFC
Trading Instruments	stocks, ETFs, options, mutual funds, bonds, futures
Demo Account	Yes
Trading Platforms	thinkorswim desktop, thinkorswim web, thinkorswim mobile, Schwab.com and Schwab Mobile
Max. Leverage	N/A
Regional Restrictions	Forex accounts are not available to residents of Ohio or Arizona.

TD Ameritrade does not have a fully dedicated smartwatch app, neither for Apple Watch nor Android Wear devices. However, they offer a smartwatch extension for the thinkorswim mobile app, available only on Apple Watch. This extension provides limited functionalities compared to a full app:

• View real-time quotes and watchlists.

• Monitor basic account information like balance and equity.

• Stay informed with news and analysis headlines.

• You cannot place buy/sell orders, manage positions, or access advanced trading tools directly on the smartwatch extension.

Smartwatch trading apps are applications designed to allow you to manage your investments and access financial information directly from your smartwatch. They offer a convenient way to stay connected to your portfolio on the go, but come with limitations compared to traditional trading platforms.

Smartwatch trading apps are like tiny windows into your investment world, offering a glimpse on the go. These apps usually connect to your existing brokerage account through a smartphone app, acting as an extension on your wrist. Imagine checking real-time stock prices, peeking at your account balance, or even placing a simple buy order - all with a flick of your wrist. 

Features

• Real-time quotes and watchlists: Monitor prices and keep track of your favorite assets.

• Account information: Check your balance, positions, and account history.

• Basic order actions: Some apps allow placing or modifying simple orders on certain platforms.

• News and analysis headlines: Stay informed about market trends and updates.

• Alerts and notifications: Receive customizable alerts for price changes, news, and account activity.

Limitations

• Limited functionality: Compared to full trading platforms, smartwatch apps offer a more basic feature set. Complex order types, advanced charting, and in-depth research tools might be absent.

• Small screen and limited input: Using the app on a smaller screen with touch controls can be challenging for complex tasks like detailed analysis or precise order entry.

• Security concerns: Connecting your financial accounts to a smartwatch introduces potential security risks. Ensure strong authentication and encryption measures are in place.

• Not suitable for all strategies: Active traders and investors relying on complex analysis may find these apps restrictive.

• Potential for impulsive decisions: Easy access can tempt impulsive trades without proper research or risk assessment.

Overall, Smartwatch trading apps offer convenience for quick checks and basic actions. However, they shouldn't replace responsible trading practices and thorough research on larger devices for complex decisions. 

Investing doesn't have to be confined to a desk anymore. Smartwatch apps offer the convenience of managing your portfolio directly from your wrist, but how do they stack up against traditional full trading platforms? This table compares key features to help you decide which tool best suits your needs:

Investment Style and Frequency

• Active trader: Prioritize apps with full order placement, position management, and advanced features like charting and technical indicators. Consider IG, XTB, or other brokers offering comprehensive functionality.

• Casual investor: Basic features like quotes, watchlists, and account snapshots might suffice. TD Ameritrade's app or Capital.com's crypto widget could be suitable.

Preferred Asset Classes

• Stocks, options, ETFs: Look for brokers like IG, XTB, or TD Ameritrade supporting your desired assets.

• Cryptocurrencies: Capital.com's widget offers basic price tracking, but broader trading requires full crypto exchanges.

Security and Reliability

• Reputable broker: Choose a well-established and regulated broker with a strong track record in security.

On WikiFX, we strive to deliver the most relevant and up-to-date regulatory information about forex brokers. We understand how vital it is to know your broker's regulatory status before investing your hard-earned money. Our team conducts an extensive background check on forex brokers from around the globe to provide you with their regulatory data and other critical aspects.

By using WikiFX, you can easily verify a broker's regulatory status and steer clear of potential frauds or unregulated platforms. Knowledge is power - stay informed, stay safe and always check a broker's regulatory status on WikiFX before investing. It's easy, fast, and can save you from unnecessary losses.

• App reviews and ratings: Check user feedback on app stores and financial review websites.

• Security features: Ensure the app uses strong encryption and requires secure login methods.

Compatibility

• Smartwatch model: Verify the app's compatibility with your specific smartwatch model and operating system.

• Smartphone compatibility: Ensure the app syncs seamlessly with your smartphone and trading platform.