That was certainly a long wait for TradeHero to be approved by the Apple app store. Readers may remember that I previously wrote a pretty glowing post about its product concept: A mobile app that allows users to trade virtual money based on real-world stock market data. So I’m pretty excited to finally give it a test.
In general, it felt OK. It’s a pretty intuitive app to use. The basics actions like trade and sell are very straight-forward. There’s no need to key in any figures, just drag or tap on a default sum to get your trading done — making it uber convenient. So far, I’m able to find all publicly listed companies, including Baidu and Tencent for example.
While the app makes it easy to buy/sell shares, it’s hard to make a decision without first exiting the app and then logging on to Yahoo Finance to do some research about the companies you’re potentially going to trade. This is a bit of a pain as I try to trade while having my dinner. Personally, I would appreciate if there was a simple price graph for users to make a more educated decision. But I’m sure this feature is probably in the works.
Note: Chart and news functions can be found by tapping the arrow button beside the company’s name. Kinda hard to find but it still has that.
TradeHero also has several top traders already who are seeing positive ROI, but you have to pay to follow them. For serious players, yes, I think there’s a tendency to pay for information and perhaps even execute in the real market.
It’s the first version of the app, and I think it’s pretty well done for its first iteration. The trading aspect is very simple, and I guess that’s the most important thing for starters.
But I would hope for much better research features for users in the future.
If you’d like to give TradeHero a try for yourself, you can get it over on the app store. Have fun, and be sure to follow me (at Williswee) if you — ahem — trust my trading judgement.
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