Passfolio app

As more and more traders and investors use their smartphones as their primary trading platform, it is increasingly important that brokers come up with easy to use apps that can match the functionality of the desktop platforms.

In this article we'll check whether Passfolio's mobile app ticks all the boxes.

Overall, we rate the user friendliness of the app as better than average.

Passfolio mobile app vs. similar brokers
Passfolio Robinhood Webull
Mobil app rating (5 is the best) 4.2 stars 5.0 stars 5.0 stars
Is the app easy to use? Great Great Great
2-step authentication possible? Yes Yes Yes
Biometric authentication possible? Yes Yes No

We're going to look at order types, price alerts, search functions, so all the little details that make a trading app user-friendly or downright cumbersome. Should you prefer to read our full review that include fees, deposit options, and other platforms (like web and desktop) then skip to Passfolio's full review.

Passfolio app

Passfolio app
Our major checklist for the Passfolio app

Let's start with the search functions. While this might be up to personal taste, we use a 3-star rating here. While most brokers do OK here, there are some bad apples out there. For example if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with the word Emerging? If you only ever traded US stocks, and start typing Apple, will the AI show you the Apple stock or the obscure Irish stock Applegreen?

Passfolio got the green light (or all the 3 stars if you will), meaning search functions are reasonably good.

Passfolio checklist
Passfolio Robinhood Webull
Search functions are OK? Great Great Great
Price alerts in the app No Yes Yes
2-step authentication possible? Yes Yes Yes
Biometric authentication possible? Yes Yes No
Confirmation after successful trade Yes Yes Yes

And yes, you can use a third-party app to set up alerts when a certain price level is reached, but isn't it much easier when it's done right in the app?

Passfolio app search functions

Passfolio app
Checklist for nice to have features

It might be a deal-breaker for some if you can't set up a trailing stop limit and we totally get it. On the other hand, some people couldn't care less about that and also don't get excited if the app is available in 25 languages. Anyway, here is our minor checklist:

Passfolio has these order types available in their app: Market, Limit.

At Passfolio you can use the following order temrs & expiry in the app: Good 'til canceled (GTC), Good 'til Day (GTD).

The languages the mobile app of Passfolio currently supports are as follows: Chinese, English, Hindi, Portuguese, Spanish.

Passfolio app
The BC award winner brokers

Still unsure about your broker selection? Click here to see which free stock trading apps are the best.

Or you could take a peek at the best trading platforms awards we gave to brokers serving European clients

If you're not in the US or the EU you'll find this award the most interesting.

Let us know what you think in the comments section.

If you want a tailored recommendation then you can use the broker finder or you can learn more about investing your money here.

Author of this article

Bence András Rózsa

Author of this article

Bence’s purpose is to help you to understand the logic behind financial services. In his master’s studies, he specialised in business economy and finance to be able to give you a clear picture of the brokerage world. Having reviewed multiple brokers and robo-advisor services, his goal will always be to guide you in the world of investing as it is.

Bence András Rózsa

Broker Analyst

Bence’s purpose is to help you to understand the logic behind financial services. In his master’s studies, he specialised in business economy and finance to be able to give you a clear picture of the brokerage world. Having reviewed multiple brokers and robo-advisor services, his goal will always be to guide you in the world of investing as it is.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Share

Comments

×