While we can’t promise to turn you into the Wolf Of Wall Street, we can show you the best stock trading software for Mac in 2020 to set you on your way.
Stock charting software for home users has come a long way and powerful but accessible “social trading” style tools like number one choice TradingView are free.
Firstly though, there’s an important distinction to make between stock charting software and stock trading platforms.
Stock charting software generally refers to tools such as TradingView which can be used to perform technical analysis of stocks and market trends on your Mac in order to make better trading decisions.
However, stock charting applications don’t normally allow you to trade although TradingView is an exception because it now supports connections to online broker so you can do stock charting as well as trading at the same time.
Stock trading platforms are licensed brokers – they allow you to buy and sell stocks from your Mac but their technical analysis features are often not as good as stock charting software.
With this in mind, in this article we’ve covered a combination of both stock charting tools and stock trading platforms on Mac, some of which do both.
We’ve clearly indicated in these reviews which ones can’t be used by US clients.
With this in mind, here is our list of the best stock trading software for Mac users in order of ranking.
Available Worldwide Including USA
TradingView is an amazingly powerful yet easy to use community driven stock charting software that combines user knowledge with sophisticated analysis to make you a better trader.
The remarkable thing about TradingView is that most of the features are free to use including for those in the USA.
You only have to upgrade to the paid plans if you want real-time information although this is essential if you’re going to trade seriously.
You can however currently get up to 50% off TradingView paid plans if you pay with Bitcoin and if you’re serious about trading, it’s definitely well worth it.
Even better, TradingView now allows you to trade on the stock market in real time by connecting it to selected stock trading platforms such as Oanda, TradeStation, Gemini and FXCM.
Usually trading software falls into two categories – those for experienced traders and those for novices.
What we like so much about TradingView is that it’s powerful enough to satisfy any seasoned trader and yet it’s also easy enough for those new to trading to get into.
TradingView is highly respected and utilized across the stock trading industry illustrated by the fact that leading sites like Investopedia have integrated it into their services.
TradingView has rapidly risen from just a few thousand users in 2012 to almost seven million users today and is a very visual based stock tracking platform which is all about charts, charts and more charts.
It covers almost every asset class including stocks, forex, currencies, cryptos, futures and CFDs.
Here are some of the outstanding factors that make TradingView our top pick:
- The range of charts and analysis it provides is exceptional. By default the charts load a candlestick price and volume chart but there are many others including Spread, Renko, Kagi, Line Break and PNF charts. They not only look good but they include professional drawing tools such as Gann squares and fanns, Fibonacci retracements and circles, Elliott Waves and other technical indicators to help analyze price actions. You can embed any of these charts in a website and it will update in real-time or share them to Twitter, Facebook etc. TradingView even has its own Pine Script programming language which you can use to create your own signals and custom technical analysis.
- It’s a highly effective mix of both social networking and stock trading. There are a seemingly endless numbers of charts in TradingView, many of which are generated by users and genuinely help you trade better. From simple basic price charts to plotting complex spread symbols with overlayed strategy backtesting, you can do it all in TradingView. This makes it extremely accessible for beginners to stock charting on Mac but also provides in-depth analysis that professional traders will value.
- Stock trading can be a lonely business and TradingView makes you feel less alone when taking big trading decisions. It’s all about harnessing the knowledge of its users, connecting traders and exchanging ideas on trades and market movements. Every user has their own TradingView profile where you can publish ideas, thoughts, tips and interact with other traders.
- The information shared in TradingView is genuine because it comes from grassroots users. Often with trading sites or publications the content is paid for and therefore biased in favor of companies promoting their stocks or PR blurbs. The tips shared across TradingView are based on the analysis and experience of real traders.
- You can setup automatic movement alerts so that you will be notified when a stock falls or rises beyond a certain level or goes beyond things like Bollinger Bands channel. This includes email and SMS alerts.
- Because it works in any browser, it also works on any platform including Mac desktop and PC. There’s also a native iOS app for iPhone and iPad which is pretty good too.
- You can make trades in real time without ever leaving TradingView by connecting it to a stock broker platform. TradingView works with Oanda, TradeStation, Gemini and FXCM brokers to make trades. This also works for users in the USA unlike many of the tools featured here.
- Possibly the most impressive thing is that most of TradingView is free to use. In fact you can start using it immediately in your browser. The free version of TradingView is ad-supported although they’re not intrusive and the platform is extremely quick as it’s based on the highly responsive HTML5 language. You can easily get everything you want in the free version of TradingView although if you’re going to trade seriously, the paid plans are well worth it.
- The Pro, Pro+ and Premium plans start at $9.95 per month and the main advantage is that they provide faster real-time information and more intraday reports. Any trader will tell you that information is power when it comes to trading and the faster you have it, the better your chances at making money. The paid plans also remove all ads, allow you to have multiple charts open per tab and add feeds for NASDAQ, NYSE and NYMEX. If you pay for a plan with bitcoins, you also get up to 50% off TradingView.
All paid plans allow you to try a fully functional 30 day free trial and we like the fact that unlike many stock trading apps, no credit card is needed to use the trial.
If you want to maximize your profits and become a better trader on your Mac, TradingView is powerful yet accessible for all abilities.
You can get started using TradingView for free now to judge for yourself.
You can also check out our full TradingView review for more.
Not Available In the USA
Although IQ Option is a stock trading platform, what we love about it is that not only does it have an excellent Mac desktop app but it also has fantastic technical analysis tools for everything from stocks to Forex.
IQ Option is the best trading tool we’ve seen that balances professionalism with ease of use.
Although you can use IQ Option online, the Mac desktop client is faster and more convenient than having to use it in your browser.
IQ Option has been around since 2013 and has grown rapidly to allow trading in over 400 assets including forex, stocks via CFDs (Contract For Differences) and cryptocurrencies.
The interface on IQ Option is the best we’ve used for being straight forward and providing all the required time-history data and essential technical indicators such as RSI and Bollinger bands.
It feels professional but it’s also very easy for newcomers to learn. There’s a very active community of knowledgeable traders that you can chat directly with and share trading tips.
The platform is improved on a regular basis and it’s clear that IQ Option is constantly working to add features.
The minimum deposit is $10 which is considerably less than other trading platforms like eToro and you can trade with a minimum of $1.
The maximum deposit you can make is $1,000,000 per day and the maximum investment you can make in a trade is $20,000. Another thing we like is that there’s no minimum withdrawal requirement.
It’s important to note that if you deposit through a card, you can only withdraw the same amount that that you invested via the card. However, you can also use an eWallet for withdrawals for which there are no limits.
There’s also a mobile app for both iOS and Android. Unfortunately, Options are not available on the iOS app but they are on Android.
If you have any problems with withdrawing funds or technical problems with the platform itself, support is available 24/7.
One other thing we like is that there’s no hard sell with IQ Option like there is with some platforms.
Often when you open an account with a trading platform but don’t deposit anything, you receive cold calls asking why.
This doesn’t seem to be the case with IQ Option which is a minor note but a refreshing change.
You can open a free $10,000 demo account with IQ Option to judge for yourself.
You can also read our complete IQ Option review for more.
Available Worldwide But Only Cryptocurrency Trading In The USA
Even though eToro is strictly a trading platform rather than software, it has some of the easiest to use technical analysis tools of any app featured here.
eToro is incredibly accessible, even for those that have no trading experience and as a result now around 5 million users. You can trade almost any instrument on the platform including Currencies, Indices, Commodities (CFDs) and Cryptos.
eToro has been available in Europe since 2007 but the good news is that it’s just been rolled out in the USA too.
However it’s important to note that it’s not available in all states yet. According to eToro:
As of July 2019, Real trading is available to US residents in: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Texas, Utah, Vermont, Virginia, Washington, Washington D.C., West Virginia, Wisconsin and Wyoming.
Real trading is also available to residents of the Northern Mariana Islands and the United States Minor Outlying Islands.
For the moment, not all markets are available to trade and certain features are disabled. This is why you will see certain buttons grayed out (such as the option to open SELL trades) and will not be able to comment on the News Feed.
Check out our eToro USA review for more on this.
eToro Pro Charts are easy to use although you can’t customize them as much as in TradingView.
Like Trading View however, eToro is focused on social trading and allows you to copy the trades of other users and traders in an easy to use interface.
The eToro CopyTrader system is perfect for beginners as it allows you to earn and learn by copying the experts.
At the same same, experts can also earn commissions on those that copy them.
You are only allowed to use a maximum of 40% of your funds to copy trades but you can set stop-loss limits to stop copying before losses get out of hand.
eToro is overall one of the best stock trading tools for beginners as the CopyTrader system is easy enough for any to get started with.
You can test out eToro’s trading tools by signing-up for a free eToro demo account which allows you to trade with $100,000 of virtual funds.
For a full look, we recommended reading our full eToro review.
Available Worldwide Including USA
MotiveWave is a professional multi-asset trading software for Mac that not does powerful technical analysis but is integrated with multiple brokers and financial data delivery services.
If you’re looking for a Mac desktop app that allows you to both analyze and trade at the same time, MotiveWave is the perfect solution.
In fact it’s an excellent companion tool to TradingView because it is integrated with selected major brokers such as Oanda, TD Ameritrade and Forex.com.
If your broker isn’t supported, it may also be possible to connect it via a Gateway Connector such as Rithmic or CQG which MotiveWave will advise you on.
What we really like about MotiveWave is that you can download a native Mac app that’s highly customizable and allows you to both analyze stocks and trade from your Mac desktop. The app is optimized for High Resolution 4K displays and looks really good on macOS.
MotiveWave is extremely powerful and can analyze massive amounts of market data to reveal trends, issues and other things that you might ordinarily miss.
For example, MotiveWave automatically looks for complex patterns such as Elliott Wave Patterns and Gartley Harmonic Shapes in order to identify trading opportunities.
Other advanced features include Replay Mode, Advanced Alerts based on multiple market signals, Component Alerts and Multiple Monitor Support. MotiveWave is backed by some pretty powerful algorithms that you can even modify to customize according to your own needs.
Note that MotiveWave is firmly aimed at professionals and those with considerable experience in stock trading so it’s less accessible than TradingView for beginners.
If you know what you’re doing when it comes to stock trading and are looking for a professional trading tool on your Mac, then MotiveWave is definitely a contender worth checking.
MotiveWave pricing starts at $99 for the basic Charts plan with 5 other plans available depending on your needs.
You can also sign-up for a free trial of MotiveWave to see what you think for yourself.
You can check out our full MotiveWave review for more.
Available Worldwide Including USA
If you’re looking for an elegantly designed and easy to use desktop stock tracking app made specifically for Mac, then Stockfolio ticks all the right boxes.
Unlike MotiveWave, Stockfolio isn’t integrated with any brokers so you can’t actually trade with it. However, when it comes to tasteful looks, technical analysis and news tickers, it’s extremely well done.
Stockfolio not only supports tracking of stocks but is also one of the only trading apps for Mac that features excellent support for cryptocurrencies such as Bitcoin, Litecoin and Ethereum.
Stockfolio also provides real-time news tracking of equities and stocks via integrated feeds for Twitter, Coindesk and others.
The main interface presents a convenient customized list of stocks along the left hand margin, trading chart in the middle and news feeds along the right hand margin.
Stockfolio does this really tastefully without making the screen look cluttered or overwhelming with data.
Stockfolio also gives a crystal clear overview of your portfolio and its progress including Market Value, Acquisition Value and Unrealized Gain.
You can create useful watchlists by sector to monitor industry specific stocks such as Automotive, Health, Auto, Crypto etc.
And you don’t even have to keep the application open to monitor stocks – you can access essential stock movements directly from the Menu Bar:
We also like the fact that Stockfolio is bang up to date for the latest TouchBar MacBooks allowing you to navigate between watchlists and your portfolio via the TouchBar.
This isn’t essential but shows that the developer is committed to ensuring that the app is always compatible with the latest versions of macOS. Stockfolio is regularly updated by a responsive developer which is always a good sign.
There’s no denying that Stockfolio is aimed at those fairly new to stock trading and professional stock traders may find the lack of advanced technical analysis tools such as basic trend lines, RSI and MACD frustrating.
It’s a shame you can’t connect Stockfolio to a broker as yet either although this is something the developer is working on and along with other additions to the app, will eventually be rolled-out.
Despite these limitations, there’s no doubt that Stockfolio is easily the best looking stock trading app for Mac with lots of useful touches.
Available Worldwide Including USA
ProTA is one of the most established technical analysis software packages for Mac and has been around for over 20 years.
ProTA is designed specifically for Mac and it shows because it’s certainly has one of the best looking interfaces of any trading software for macOS.
ProTA is aimed both at beginners and seasoned traders and among the many features are more than 100 indicators, line studies, smartlists, chart templates and trading systems.
You can even customize ProTA using something called ProTAscript which allows you to create your own customized screens, analytics and trading systems.
Like Mastock, ProTA uses Yahoo Finance to extract end of day financial data and continuously updates data automatically to make sure you’re making trading decisions based on the latest figures.
You can import your own Excel data, drill-down tickers to analyze market data and create your own rules for data tracking although you’ll need to read the 200 page ProTA user guide to get a grip on how ProTA’s own formula based programming language works. A lot of thought has gone into both the design and features of ProTA and it’s a trading software that will definitely appeal to those that like their software fully tailored for macOS without skimping on power and features.
You can download a free trial of ProTA which is unlimited in use but is limited to a certain number of tickers.
You can unlock everything by upgrading to a full one year license for $99 or $299 for a four-year license.
Available Worldwide Including USA
StockMarketEye is an impressive stock portfolio tracking tool that uses dynamic price charts to help you gain a better perspective on market movements.
Note that StockMarketEye is not designed for day traders because it does not provide real-time integrated trading but it’s certainly an excellent tool for getting a holistic overview of the market and then using other software to actually trade with.
StockMarketEye is cross-platform so it has a Mac, iOS, PC and Linux desktop client and like most good trading apps, StockMarketEye supports visualization in Line Charts, Mountain Charts, Candlestick Charts and OHLC Charts.
You can choose EOD (End-of-Date) charts for a longer term perspective or 1 & 5 day intra-day charts for a shorter term perspective.
StockMarketEye is one of the only desktop forex trading tools for Mac as it supports tracking of stocks, ETFs and mutual funds on all of the world’s major exchanges.
The interface looks a bit dated on Mac nowadays but its uncluttered and generally very easy to use with a simple and clear user guide.
There are also instructions how to import portfolios from different brokerages such as Etrade, Vanguard and several others.
You can receive alerts for stock and portfolio tracking, can connect to your bank account and is also integrated with the iPad and iPhone version of StockMarketEye.
For small time traders, StockMarketEye is an excellent and easy to use tracking and technical analysis application.
StockMarketEye used to be available from the Mac App Store but now you must buy StockMarketEye from the developer for $99.95.
There’s a 30 day money back guarantee and the price includes minor updates.
You can also try a 30 day free trial of StockMarketEye.
Available Worldwide Including USA
StockSpy is a free stock tracking tool for Mac that’s designed more for tracking stock movements and trends more than technical analysis.
It’s very similar to Apple’s free Stock app available in macOS Mojave and Catalina although not quite as slick.
However, it can definitely aid you in decision-making and the basic version is free to use.
StockSpy is particularly good at tracking the connection between news events and stock movements.
StockSpy has a NewsChart feature which shows the historical link between stocks and news events.
It allows you to import and link RSS feeds related to the stocks you trade-in and follow.
As long as the news site of your choice has an RSS feed – which is pretty much every site nowadays – you can import it into StockSpy and observe which news events drive stocks.
There is however sometimes a delay for stocks to update in StockSpy which can be quite annoying. It can also be a bit unstable when clicking on news links and prone to crashing.
There’s also a StockSpy iPhone app which syncs with the Mac version and allows you to track and monitor stocks and news on the move.
Available Worldwide Including USA
Latinum is a professional trading and technical analysis software for Mac and PC.
If you’re going to be trading Stocks, Cryptocurrencies Forex and CFDs (Contract for Difference) then Latinum is a good choice as it supports streaming quotes for Forex and CFDs.
It also supports stocks although there’s a slightly cheaper version called Latinum Stocks ($64.99) if that’s all you want to analyze.
Latinum is designed for discretionary (non-automated) traders and quickly enables you to determine risk, make orders quickly via a Mini Order Ticket feature and more easily manage order and positions with a Mini Blotter.
You can even trade Forex on Latinum by linking it to FXCM Trading Station and Marketscope broker accounts although unfortunately it no longer supports OANDA for stock trading.
Latinum also has a trading simulator which you can practice paper trades on.
Available Worldwide Including USA
Trendsetter Software develop a range of long-established but dated stock trading apps for Mac, namely Personal Analyst, Personal Hotline, Pro Analyst and HotlineX.
You can see the difference between them all in this comparison table and prices range from free for Personal Analyst to $389 for HotlineX.
Trendsetter trading apps have been around for many years now and both the apps and website are quite dated but you can always use Personal Analyst for free and then decide whether you think the other apps are worth upgrading to.
MT4 For Mac
MetaTrader 4 and 5 or MT4 and MT5 as it is more popularly known is not available on Mac but is one of the most popular technical analysis tools for day traders on the market.
Many online trading platforms offer their own version of Metatrader on Mac by using “wrappers” which emulate Windows on macOS. However, they do not work with the latest version of macOS Catalina because it doesn’t support 32-bit applications such as MetaTrader.
In addition, the Mac versions of MetaTrader provided by day trading platforms can be tricky to setup, unreliable and don’t support all features such as the MetaTrader Market and MetaTrader Advisor.
We recommend using TradingView as an alternative to MT4 on macOS because it offers far more than MetaTrader and works on any platform.
However, if you desperately need MetaTrader on your Mac, there are still some ways to use MT4 on a Mac.
Trading Software vs Trading Platforms on macOS
Stock trading tools that you can use on Mac fall into two types.
This article has dealt with stock trading software for Mac which allow you to perform technical analysis and analyze stock movements in order to make better trading decisions.
They are designed to be used alongside stock trading platforms that allow you to actually trade online i.e. stock brokers such. Stock trading platforms also usually provide their own TA analysis tools but they’re often not as good as dedicated apps.
Trading software tends to be desktop based while stock trading platforms are usually Cloud based.
However, there are some apps such as our top choice TradingView that are cloud based and allow you to do both in-depth stock analysis and trading by connecting to a broker.
In this way, you get the best of both worlds – a powerful stock trading software and platform in one.
Whether you’re a serious investor wanting to do technical analysis of stocks, options, bonds and Forex, you really need a good combination of both in order to get the most out of stock trading.
All In One Multi-Asset Solutions For Mac
Currently there is no multi-asset stock trading software designed specifically for Macs as such software requires a lot of investment and development time and the relatively small Mac market doesn’t merit it yet.
So if you want software that covers stocks, options, bonds and Forex all in one application on Mac, you won’t find it and you may be better to go for an online based stock trading provider.
However, if you just need something that can handle Forex, Metals, Commodities and Indices, all the stock trading software featured here support them.
Running Windows Stock Trading Software On Mac
If none of the apps reviewed here meet your trading needs and you want to run a popular PC or Windows-based software such as TC2000, Ninja Trader or X-TRADER on your Mac, your best bet is to run Windows on your Mac simultaneously.
This isn’t an ideal solution because it’s very demanding on your Mac’s RAM and it’s inconvenient having to switch between Windows and macOS constantly but if you can’t live without your Windows trading software, it’s the best solution.
Popular Windows stock trading software TC2000 now recommends this as the best solution to use its software after dropping support for Macs.
This is partly because TC2000 requires the Microsoft Silverlight plugin which can be notoriously unreliable on Mac as many Netflix users have found to their cost.
TC2000 has been around for over 20 years and is one of the most respective stock analysis tools out there. Its jam-packed with advanced charting features including OHLC, HLC, Line, Bar and Candlestick plot styles.
You can scan, sort and receive alerts from over 1100 pre-configured and automatically updated system lists and indexes and add your own personal watchlists.
There are plenty of tutorials and training videos and you’ll have to spend quite a bit of time studying them before you can get going.
Stock Trading Tips
The golden rule in all types of stock trading is never trade more funds than you can afford to lose.
For some sound advice and good tips on how to be a better day trader, check out Magnetic Trading’s day trading infographic.
Some of the essential tips they recommend include:
- Keeping a journal of why you made certain trades to learn from successes and failures
- Avoid the trap of non-stop trading with mobile devices
- Find a mentor such as via eToro’s copy trader system
- Focus less on the money and more on your trading system
- Take a break and keep fit – you can easily end up chained to your Mac 24/7 day trading which will soon see you burnt-out
You can also use inexpensive advisory services like the Motley Fool Stock Advisor to get expert tips and advice plus hot trading tips.
Our overall number one trading tool on Mac is TradingView because it’s a brilliant blend of professional and social trading that traders of all abilities can use worldwide. It even allows you to trade in real time by connecting it a broker account and it genuinely makes you a better stock trader.
If you just want a dedicated trading platform with a Mac desktop app, we recommend IQ Option although it’s not available to users in the USA yet.
eToro is about as easy as it gets when it comes to stock trading and analysis thanks to its CopyTrader system and accessible community of traders but users in the USA can only using it for cryptotrading.
MotiveWave is definitely the most complex and advanced stock trading software with a Mac desktop client and the integration with brokers means you can trade and do technical analysis all in the same app.
We hope this article has helped you find a stock trading tool for you and your Mac.
If you have any questions, suggestions or experiences with any of the apps featured here, let us know in the comments below.