They also allow you to research investments, track your portfolio, and easily enter orders to buy or sell. To choose the best stock apps, we reviewed over 20 different brokerages and their mobile apps for costs, ease-of-use, and what users are able to do within each app. In addition to types of accounts and assets, we looked forex analytics at trading features, charting abilities, and the needs of typical beginner and experienced investors. Options on stocks and ETFs cost $1 per contract with a $10 maximum per leg. The mobile app is best for traders with some options experience, as there are many features that can distract and overwhelm newer traders.

  • Keep an eye out for apps that offer demo versions, which let you try out the features before committing your dollars to the platform.
  • And consider using a brokerage comparison tool to keep the process simple.
  • The Robinhood investing app keeps day trading as simple as possible.
  • There is no account minimum required to start investing and you can trade stocks, ETFs, options and even cryptocurrency with no trading or commission fees.
  • Review the trading fees and account minimums, range of investment options, level of support that’s available and the app’s usability and tech features.
  • Investing money can really be as easy as downloading an app, and it can make a big difference in your financial future.

Still, we recommend that any person involved in the financial market to try their mobile apps . Focusing mainly on US-listed stocks, Stake is a great way for Aussie investors to get into the foreign market. One interesting thing to note is that instead of charging a brokerage fee, Stake charges a fee to exchange your Australian Dollars into US Dollars. Typical US broker fees from Australia range from $20 – $50 per trade.

The biggest perk of the Fidelity app however, is the research tools and education resources it provides for those looking to learn more about a given market before taking that leap. If you have some knowledge of investing, or want more granular control of where your money is being seeded, this is a sound option.

Other Investing Apps

Wealthfront’s goal-setting and planning technology is excellent and should serve as a model for other robo-advisors to emulate. With Ally Mobile, you can view your investments and enter stock trades with just a few taps. The app includes basic research and charting, recent news, and the ability to quickly enter a trade. It doesn’t have as many bells and whistles as some stock trading apps, but it covers the basics and makes it easy to trade for a very low cost.

best stock trading apps

If you’re outside the US, we think the best stock trading app is eToro, due to it’s 0% commission, great range of stocks, and fantastic copy trading tools. For US investors we recommend Robinhood, a stock app that offers a huge range of stocks and, like eToro, doesn’t charge commission.

The site also offers different brokerage accounts, like an IRA for your retirement, or an individual brokerage account for buying and selling assets. TD Ameritrade is a versatile broker website for the investor and trader who wants a full suite of trading tools at their disposal.

Most of the apps with free trades offer additional features for a price. Some of them are attached to larger companies that offer other services like banking. Some stock trading apps earn interest on things like uninvested cash.

Mobile App Best Picks

tastyworks has essential features for options traders that make trades fast without giving up many desktop trading features. Fidelity Investments is the app for Android, iOS, and Amazon devices. It includes anything you need to manage your Fidelity investment accounts and enter trades. It doesn’t have as many advanced charting features as some competing mobile apps, but that’s just fine for beginners who may not want or need advanced features. You get access to both apps with a TD Ameritrade brokerage account, which has no minimum balance requirements and no fees to trade stocks and ETFs. The fully-featured apps combine important account management features and trading features regardless of which one you choose. In our previous article, we mentioned that Seeking Alpha was an important website for traders and investors.

best stock trading apps

Power ETrade is a platform for serious traders with charting tools, risk analysis, and the possibility to set up exit strategies with just a few clicks. It’s a Foreign exchange reserves lot of graphs and charts, which may put off those uninitiated to the trading game. But, for seasoned investors, it offers a wealth of investment information.

Best Stock Trading & Investment Apps

That is a significant amount of progress for the investing industry overall. Charles Schwab’s Schwab Mobile is a strong all-around choice for stock traders. You can choose between just about any type of investment account you would want and most types of investments. And for stock trades, the app is well-rounded for both beginners and experts. Schwab also offers a no-fee automated adviser, Schwab Intelligent Portfolios.

best stock trading apps

On the other hand, SoFi’s Active Investing accounts are totally self-directed, so you can decide exactly how to divide up your capital between different ETFs and stocks. Like many of the other best stock trading apps we’ve assembled here, SoFi is commission-free so you can make as many trades as you want without paying a cent. Compared to the others, Fidelity may charge a bit higher margin rates for stock purchases from investors, but its account fees are zero . Its trading fees are zero as well, unless its a mutual fund.

Betterment: Best App For Beginners

Where the first two trading apps were more honed in on stocks and ETFs, the SoFi app offers a vast range of services for its customers. SoFi stands for Social Finance Inc. which was founded almost a decade ago.

In addition to investment tools, the SoFi app offers student loan refinancing, mortgages, personal loans, credit cards, and banking. Day trading apps make buying and selling stocks, mutual funds or other securities easier than ever. These apps offer convenience and portability since you can manage your investment portfolio from your mobile device or laptop on the go. SmartAsset Foreign exchange market has rounded up the best day trading apps of 2020 for tech-savvy investors. It is worth reflecting back on how far the mobile apps of online brokerages have come. The vast majority of mobile apps are stable platforms with streaming data and functional workflows. This wasn’t the case as recently as five years ago when it was difficult to synchronize watchlists between platforms.

best stock trading apps

If you are a complete novice in the world of stocks and shares, then it is important that you begin to brush up on your investment knowledge. In this respect, we prefer stock investing apps that offer educational materials within the application. For example, eToro offers a wealth of guides, best day trading software videos, and even webinars that can take your trading skills to the next level. The best stock investment apps active in the space will offer a range of tools and features to stand out from the crowd. One feature, in particular, that is worth a mention is the eToro Copy Trading tool.

Best Stock Trading App For Beginners

TD Ameritrade offers commission-free ETFs, bonds, futures, international exchanges, penny stocks, and even Bitcoin futures on its platforms. TD Ameritrade offers commission-free trades like others on this list, but it differentiates itself with a robust customer service platform and broker-assisted trades for additional fees. ETrade, which is the original investing platform, offers the basic tools a trader or investor needs to conduct research, track the markets, and place trades. It also helps users plan for retirement and provides easy-to-use investing tools. ETrade has an accompanying mobile app that allows you to stay connected to the markets wherever you are.