This app was mentioned in 4 comments, with an average of 1.25 upvotes
I found this app: https://play.google.com/store/apps/details?id=com.innovationwaves.thumbpad
It acts as a virtual trackpad that pops up and can be moved around. You can use it to click anywhere. Id say it's more useful than the iPhone trackpad mode, but no, it doesn't quite funtion that way.
.
That said, Android has a slider that pops up and stays in text and can be dragged through text by default that can function a bit like trackpad mode, and that is on all Androids. This is a lot better than the iPhone magnifying glass thing at least.
Unfortunately I didn't, I did see a few other apps that offer similar experience. Maybe I didn't download it from the play store.
https://play.google.com/store/apps/details?id=com.innovationwaves.thumbpad
Thanks, your response led me to a search, and found the app i was looking for. https://play.google.com/store/apps/details?id=com.innovationwaves.thumbpad