Finding the best stock trading apps for trade in a stock market has never been easier or more convenient. Thanks to the stock trading apps, you can now invest in the stocks and shares whenever you want. Whether you’re a keen investor or just looking for a way to get some easy cash, these stock trading apps will come in handy.
Don’t waste any more time investing in overpriced mutual funds.
You can make money by simply trading the best penny stocks. The stock apps don’t require any prior experience in stock trading, and all you need is a smartphone to start trading.
The best part is, you can start from home on your mobile phone! Simply log into your account and start trading.
What are the Best Stock Trading Apps in 2022?
The stock trading app space is a rapidly growing market for consumer finance. There’s no clear winner yet for the best stock trading apps in 2022. However, these are some of the most popular apps today.
eToro – Overall Best Stock Trading App Access 1,700+ stocks with 0% commission and no dealing fees.
eToro is the best all-around stock trading apps, and our number one recommended app for stock trading. There are other apps worth looking into, so here we’ll explain why eToro is number one.
Features: The Copy Trading feature on eToro is a great tool. It allows you to browse through the history of an expert trader, copy their portfolio, and even copy their future trading orders.
You can find your favorite trader by looking at their past trades. Then, you can follow their portfolio closely in the future.
The eToro apps is a wonderful mobile stock-trading platform that allows you to invest in the stock market while still learning.
It’s great for people who know they want to invest in the stock market but don’t have enough knowledge to do it themselves.
Assets: While other platforms limit the number of assets available to have enough hours in the day to trade them all, eToro has a fantastic range of assets.
Other sites have hundreds of assets, but eToro allows traders to invest in over 1,700 stocks from 17 different markets worldwide.
It’s revolutionary for trading securities, putting them at the forefront of trading technology.
There are over 1,000 financial instruments available to trade on eToro. The platform offers a mix of stock, indices, commodities, cryptocurrencies, and forex.
You can buy and sell stocks on eToro or trade them as CFDs. All the major US stock exchanges are included in eToro. In addition to leading US markets, eToro’s offering includes Canada, Saudi Arabia, France, and Germany.
You can trade everything from stocks, bonds, and commodities on eToro. The platform supports all major forex pairs and cryptocurrencies like Bitcoin, Ethereum, Litecoin, Dash, and others.
Fees: Indeed, eToro doesn’t charge any commission fees – this is one of the platform’s standout features. However, you will be charged a spread of 0.75% to 1.75% when you trade CFDs.
There is no fee when you deposit money in eToro. The minimum withdrawal amount is $5, and the monthly inactivity fee is $10 after one year of non-activity.
Usability: The eToro app is straightforward to use. It’s fast, and it performs well across devices. The app is perfect for beginners since it’s easy to use, but it’s also a good option for more experienced investors.
Ease of use and its performance and design make the eToro app one of the best on the market.
An eToro app review is an excellent way to see what this trading platform has to offer. It lets you check out its options and features and read about what other customers have to say about this platform.
- Advanced traders will not be happy with eToro trading apps. If you like to do technical analysis, you’ll have difficulty finding relevant information with eToro’s apps.
- They are designed for beginners and don’t include many features advanced traders are looking for in trading software.
- Strictly regulated
- Buy stocks with 0% commission
- Buy stocks without paying any commission or share dealing charges
- Trusted brand with over 12 million client accounts worldwide
- Personalized eToro account where you can set up trading price alerts
- 1,700+ stocks listed on multiple international markets
- Social and copy trading
Robinhood – Best Stock Apps for US Residents with 0% Fees
Robinhood is one of the largest and fastest-growing investment platforms in the US. Since launching in 2013, Robinhood has expanded to 14 states, with over 10 million users and a valuation of $5.6 billion.
Features: Security is critical when it comes to investing money. When choosing a stock app, you want to ensure that it’s reputable, secure, and offers excellent customer service to ensure that your investments are safe from fraud and theft. Robinhood has done this in a way that feels seamless.
The company does a fantastic job at providing transparency about all aspects of its business and the financial markets. This reassurance is vital for people who are new to investing, especially younger investors like millennials.
Assets: Robinhood offers 5,000 stocks from companies worldwide, allowing you to buy and sell these frequently. It is the best investment app for Android due to its wide accessibility and extensive portfolio of stocks.
In addition, to sharing dealing services, Robinhood also provides you with the ability to buy and trade individual stocks, as well as purchase ETFs. If you have a slightly higher appetite for risk and are looking for some growth opportunities, the Robinhood apps stock will even allow you to trade cryptocurrencies.
Fees: Robinhood is a stock trading app that presents a viable alternative to eToro. Robinhood offers the same kind of experience, but with some significant improvements on how you can use it.
Unlike some other services, Robinhood doesn’t charge any monthly or annual account fees. For all intents and purposes, that means that you only need to consider one fee – the spread.
Usability: As a new investor, you will want to get your feet wet with a few simple stocks. Using Robinhood to trade is a smart alternative for beginners rather than going through the hassles of opening up your brokerage account.
The service is excellent, there are no minimum deposits, and you can even start by making a $0 deposit. The added bonus is that the app is easy to use, making trading stocks for beginners a breeze.
- Unable to deposit with a debit/credit card or e-wallet
- Only 250+ foreign stocks listed
- More than 10 million traders use the app.
- Heavily regulated in the US.
- Perfect for newbie traders.
- Buy and sell stocks without paying any commission.
- No monthly or annual maintenance fees.
- No minimum deposit in place.
- More than 5,000 US stocks support.
- Also, invest and trade ETFs, options, and cryptocurrencies.
Read more about What is Robinhood Apps? A Dummies Guides in Year 2022
Capital.com – Excellent Stock CFD app with great trading tools
You should try the Capital.com stock trading apps if you’re looking for a modern, intuitive stock trading application that’ll allow you to trade stock CFDs with the help of some fantastic tools.
Features: There is a wide range of features that you’ll only find on Capital.com. It includes advanced charting and technical indicators, but also trading tools and inspirational content, which is geared towards advanced traders.
Some of the not advertised tools have the ability to manage multiple positions or accounts at once. You can also import historical data for stocks and symbols, which lets you analyze past performance, correlations, and trends.
Assets: With over 60 markets available to trade, Capital.com is a highly diverse stock trading apps platform. You can trade the top global stocks, including tech, energy, and banking stocks.
By trading on Capital.com, you can access almost every stock market in the world in a very easy way.
Fees: It’s essential to consider your trading commission when choosing a stock trading platform. As we mentioned earlier, eToro does not have commissions, which is likely part of why it’s so popular.
It’s also worth noting that eToro, like Capital.com, offers zero-commission CFD trading rather than traditional stock investing.
Usability: Capital.com offers its intuitive trading app, which is free to download and can be linked to up to four devices, including your smartphone and tablet.
The app allows you to use the charts in the same way as you would on a desktop, plus there’s the option to switch between live prices and pre-market and after-market updates, making it easy to analyze stocks if you’re out of the office.
The app has an array of price alerts you can set up.
You can receive notifications for when the cost of trending products drops or when the price matches competitors’ prices.
- The only problem is that you can’t invest in stocks with Capital.com. You can only trade CFDs (contract for differences), which means you don’t invest in real stocks. Instead, you speculate on their price movements.
- Strictly regulated and secure app
- Trade over 4,000 stock CFDs
- Stocks CFDs offered from a wide range of global exchanges
- Very tight spreads
- Extremely intuitive trading app
- AI-generated trading suggestions
- Educational app and webinars
- Fast execution speed
IG – Free Best Stock Trading Apps with more than 10,000 stocks from dozens of international markets
IG is one of the leading best stock trading apps in the world. The first thing you will notice is its mobile-first approach to trading, meaning that its platform is built from scratch with mobile in mind.
Its features are dynamic, meaning that new features are constantly being added. IG has a lot of experience in this industry – it was established more than 40 years ago! A trustworthy and safe broker.
Features: IG is straightforward to use and has many features. One of the best features is the trading platforms that integrate with IG.
The advanced trading platforms allow you to do some technical analysis and give you a superior perspective on the markets.
You can also read up on news and events impacting the markets and find other investors in the community section.
Even the separate IG Academy app contains fantastic learning resources like courses and webinars. IG Academy is a must-have for anyone who wants to succeed on this platform.
Assets: In the IG platform, you’ll have access to a broad range of stocks. Includes more than 8,000 world indices, 10,000 FTSE and AIM stocks, and new stocks from all over the world.
In addition to access to all of the above, you will have access to other asset classes. These include exchange-traded funds, contracts for difference, indices, bonds, cryptocurrencies, hard metals, oil, etc.
Fees: You’ll have to pay a commission when buying and selling stock. At IG Group, the commission is charged at £8 per trading transaction, which means if you only execute three or more trades within 30 days, your commission will be dropped to just £3 per trade.
It’s up to you if you would like to pay in US dollars or your local currency. If you choose a local currency, fees may differ depending on the cost of living in different countries.
For instance, stocks in the United States cost $0.02 per share, with a $15 minimum purchase. While Australian and Canadian stocks can be as expensive as $9 per trade.
Usability: One of the most significant benefits of the iOS and Android stock applications is that both allow you to buy and sell stocks quickly.
Because most people are familiar with their phones, the stock trading app makes it simple to navigate through the app to buy or sell stocks.
The process of placing orders for a buy or sell is also straightforward, so even if you have no prior experience with iOS or Android, you can find your way around relatively quickly.
- US stocks exchanges have a $15 minimum commission.
- Minimum deposit of £250.
- More than 10,000 stocks listed
- Trusted broker with a long-standing reputation
- Leverage and short-selling are also available
- Good value share dealing services – fees as low as £3 per trade
- Spread betting and CFD products
- Great research department
- Access to dozens of international markets
TD AmeriTrade – Top Stock Trading Apps Platform For Research and Analysis
One of the things you need to pay attention to when looking into a discount broker is how excellent their services are.
Make sure you look at what they offer and see whether or not it is enough for you. TD Ameritrade boasts 50 commission-free ETFs.
Discount brokers like NerdWallet, NerdWallet Invest, and more offer features like custom dividend reinvestment plans and commission-free research on thousands of stocks.
TD Ameritrade has a large amount of educational content on its website, which it can provide to learners. Its high-end educational content is among the best in the industry.
It offers a complete range of trading products, including stocks, bonds, Bitcoin futures, and ETFs.
Clients who want to become active traders can use their platform to offer zero-commission trading services. TD. Ameritrade is among the best providers of both education and tools for active traders as it provides an advanced
Features: The multiple platforms and tools available on TD AmeriTrade.com can help you quickly find, research, screen, and trade your stocks. TDAmeriTrade.com is an excellent place to start your trading career – it has a well-structured interface that makes everything easy to find.
Plus, you can use one of the market analysis tools from the website, such as a market sentiment or an economic calendar, to keep you in the loop with the current market conditions.
Besides that, TD AmeriTrade offers a more sophisticated trading platform called thinkorswim, which supports advanced trading capabilities, technical tools, analytical tools, and more.
Assets: TD AmeriTrade allows individual traders to invest in hundreds of mutual funds, stocks, and other securities that can be traded for no transaction fee.
In addition to many mutual funds and stocks, TD AmeriTrade customers can trade several currencies, futures, options, and bonds with no transaction fee in addition to many mutual funds and stocks.
Fees: TD AmeriTrade has recently announced that they will be charging clients $0.65 per options trade until they find an investor with a net worth above $5 million.
This new change will take effect in July. Until then, no fees will be applied to customers’ trades.
Futures trading also takes out a commission called the “markup” and the “markdown.”
The seller pays the markup, while the seller pays the markdown. The markup and markdown can range between $2.25 and $6, depending on your investment choice with TD. Ameritrade.
What’s more, TD With zero annual and inactivity fees, Ameritrade makes up for this markup and markdown. You will not have to pay any annual or inactivity fees, and you can close your account anytime you want.
Usability: TD Ameritrade has two mobile platforms for mobile devices and one for tablets.
The two platforms are straightforward to use, although the company does have some restrictions when it comes to the functionality of trading tools and charts.
It can be damaging for some traders, but the experience is still good.
- Account transfer fee $ 75.
- No inactivity fee
- Zero commission trades
- GainKeeper’s helpful tool for tax purposes
- Full-spectrum of financial assets
Fidelity – Best Stocking Trading App with Educational Materials
If you’re an active trader, Fidelity offers a wide selection of trading tools that you can use to track your performance, manage risks, and stay up-to-date on the latest news.
You don’t need any previous experience to get started. Fidelity provides extensive training and passive education on financial concepts and trading for new users.
This type of one-on-one training allows you to go at your own pace, helping you build your confidence in the markets over time.
Features: Fidelity is an established leader in providing quality financial services to its clients. They have a range of innovative apps to help you make better investment decisions and increase investment returns.
These include the Asset Screener, which allows you to find winning trades, and the Trade Confirmation tool, enabling you to make informed decisions.
Assets: In order for a platform to succeed, it needs to cater to the most popular financial assets. While Fidelity has 2,800 stocks and 3,500 mutual funds, including most of the most popular financial assets, it does not have futures, cryptocurrencies, or commodities.
Fees: Fidelity takes a different approach to be more cost-efficient. For example, they have no charge for transferring funds and no maintenance fees for IRAs or other accounts.
Do not charge any inactivity fees. Fidelity offers competitive commissions on securities – $4.95 per stock trade, $0.65 per options contract, and $1.95 per mutual fund trade.
Usability: The Fidelity platform has two different entities, a web trading platform, and a mobile trading platform.
The app stock trading platform provides a more streamlined trading process, ideal for casual investors, and allows them to find several neatly arranged quotes, charts, and watchlists.
The web trading platform is user-friendly and caters to casual investors and more active investors alike. It allows them to customize the interface to their own needs and requirements.
- No trading of cryptocurrencies or commodities.
- Powerful research tools and asset screeners
- Rapid trade executions
- Extensive library of tradable assets
- Zero commission stock trading
- Strong educational focus
Acorns – Best Stock Trading Apps Platform for Cashbacks on Purchases
Acorns is a stock trading app that allows users to collect “spare change” on their credit or debit cards and then put that balance into an investment account.
The stock trading apps primarily focus on people who want to invest but don’t feel up-to-date or educated enough to do it themselves. Acorns provide the tech and analysis while the users can make instant investing decisions.
Features: Acorns is a great way to start saving money. Simply choose the plan you want, link your bank accounts to Acorns, and select which stocks you’d like your investment in.
This automated investing service will invest in pre-selected stocks based on your risk preferences, so you don’t have to worry about choosing investments.
Best of all, your robo-investment app will invest your money in low-cost ETFs instead of individual stocks, so you get the diversification than buying individual stocks just can’t give you.
On top of that, their fees are much lower than trading by hand.
Acorn has four saving products. The Invest and Later products both have tax-sheltered investment accounts.
The Spend account is like a checking account and does not charge fees if it does not have a lot of money.
Acorn Found Money is an online marketplace that gives you cashback on things you buy when you go to certain stores. Acorn Early is a way to save money for your kids.
Assets: Acorns can be a valuable tool to save for retirement. Acorn is a financial app that rounds up user purchases and invests the change in real-time.
Investments can be made in a range of ESG ETF portfolios. Users can access their investment portfolios through the app and set up alerts based on their portfolio value.
Fees: Acorns has a flat fee. After getting $10, you have to pay $5 a month. You also have to pay a fee if you want to invest money in an account. The fee is called an investment expense ratio. It is a small fee, less than 1%.
As a Tradier user, you are able to transfer your account to another broker if you want to at no additional cost. If you switch from one secondary provider to another, you will be taxed $50 per ETF transferred to a secondary provider.
Usability: Acorn has users in mind and was created with the user’s best interest at heart. The investment app is easy to use and allows users to completely control the portfolio and have access to any of their financial information or account details with just a few clicks. It is fast and responsive, which is what every millennial user wants.
- They have high commission fees compared to other trading stock apps.
- Cashback systems
- Socially responsible investment platform
- User-friendly platform
- Has a streamlined investment process
M1 Finance – Best Platform for Hybrid Investment
M1 Finance is an app that acts as a hybrid investment, cash management, Robo advisor, and lending platform. Users can use the debit card linked to this service to make credit or debit card payments and get 1% cashback in return. The app automatically invests in a diversified portfolio of ETFs.
Features: M1 Finance is an excellent choice for long-term investors. The broker offers an 80 stocks portfolio based on professional stock picks. In addition, the broker supports goal setting, allowing investors to keep track of their progress. You can set a transfer limit for your M1 Plus portfolio, restricting the amount you can transfer to your investment account.
Assets: Investment apps that offer credits and stock trading together are great investment options. M1 Finance is a great option for beginners, as you can use it to learn and grow your practice in investing. Adapting your asset by investing in a variety of different stocks and ETFs is crucial if you want to optimize your profits and be successful in the stock market.
Fees: For the basic plan in M1 Fina, you can trade stocks and ETFs commission-free if you hold a minimum of $100 in your account. The classic plan in M1 Plus requires a price peg of $125 per annum with a set of fees and services.
In terms of charges, it’s essential to bear in mind that M1 Finance will charge you for inactivity. For example, if you have less than $20 in your account for 90 days, you will be charged $20 for the inactivity fee.
Similarly, if you have less than $100 on your account, you can transfer it to another broker or a bank account for free.
The fees are exorbitant, and this is a high expense. The fees for liquidating securities traded on foreign exchanges and returned checks fees are $50 and $30, respectively.
Usability: Even if you’re new to investing, M1 Finance will guide you. The platform’s interface is very intuitive – it’s similar to most other platforms such as Mint and Wealthfront. Users will be able to expand their knowledge about investing without friction.
- The platform does not support live chat, and traders are not allowed to use futures and forex.
- M1 Finance offers a huge library of tradable assets, and that’s not just stocks. M1 lets you trade options, ETFs, mutual funds, and even crypto. You can also start with $50 to fund your trades.
Interactive Brokers – Best Broker For No Mutual Fee Funds
Interactive Brokers is the best trading apps stock suitable for day trading that focuses on a broad market with rock bottom costs and has a sophisticated trade execution plan. This platform is ideal if you’re looking to trade a relatively narrow market.
For example, if you want to trade stocks in France and Germany, Interactive Brokers is not the one for this purpose.
Features: The Interactive Brokers platform is made for the more active trader. It offers many trading instruments and low fees. But traders need to be careful how they use IB’s products, as punishments for trading mistakes can be severe.
Assets: Interactive Brokers offers more than 60 order types for every available asset class. The platform also provides cryptocurrency stocks, including Bitcoin, Ethereum, and Litecoin. If a customer is only interested in trading cryptocurrencies, he or she can do so through the company’s DWACP platform and trade exclusively in BTC, ETH, LTC, and BCH.
Some of the unique services include 100 commission-free stock trades, online tools for trading in up to 23 currencies, and Interactive Portfolios, which help you track over 3,600 securities. Interactive Brokers accepts clients from over 220 countries, and features are available on 135 markets across 33 countries.
Fees: IB has several great offerings. One of the best is that they have zero account minimum and a fee (commission) of $0.15 to $0.65 per share on stocks and ETFs. It’s one of the lowest commissions you will find anywhere in the industry today!
The broker’s options in Interactive Broker are available for Asia-Pacific, Europe, and North America. Fees start at $0.15, but you can get a better price of $0.05 by committing to trade hundreds of times per month. For mutual funds, you can trade free at no cost, but if you want to pass on the reduced quotes and prices, you will have to pay $14.95.
Usability: The Interactive Brokers is an intuitive platform that is easy to understand. The onboarding process is relatively easy, and users can fund their wallets 90 days after opening the account. The broker supports multiple trading platforms, which include desktop, web, and mobile versions.
The IB stock trading apps allow you to trade stocks, options, futures, forex, and a plethora of additional assets on any device you want. These devices include Windows tablets, IOS tablets or smartphones, or an Android device.
It offers mobile access to some new features that are not yet available on the desktop, like messaging other IB customers using the chat feature. IB also provides real-time streaming data and news feeds that can further enhance your ability to trade.
- No backtesting for custom trading algorithms
- Intimidating for less-experienced traders
- IBKR’s Smart Router is unavailable for Lite clients.
- A great stock trading tool with low-interest rates. Those are the main reasons traders choose Interactive Brokers.
Webull – Popular US Stock Trading App with Zero Commission
Webull stands out from the competition because it offers its users stocks, ETFs, options, and cryptocurrencies for free.
Features: Webull offers extended hours trading, which means that you can trade stocks before the regular stock markets open. Webull’s extended hours are available every day.
There are also some helpful analysis tools you can use to better understand the stocks and how they work, including charting, technical indicators, and premier Level 2 Advance (NASDAQ Total View) to help you make better trades and investments.
In addition to trading internationally, Webull also works as a stock app, which is especially useful.
Assets: For many people, investing in the stock market can be daunting. That’s because investing in stocks can be risky. However, using a service like Webull can really help to put investors at ease. At Webull, you’re able to view information about thousands of different publicly traded companies, including top stocks and niche stocks.
By investing in the US markets, European markets, or Asian markets, you can choose to invest in the market you find most appealing.
Fees: It’s vital to find a stock trading app with low trading commissions. Webull is among the cheapest offerings on the market as it has no costs for buying or selling stocks, ETFs, and options.
This platform is ideal for investors or traders looking for great value.
The website’s main selling point is, in fact, its free account; aside from this, it also has commission-free options trading! The most cost-effective platform for both beginner and experienced investors.
Usability: The interface is immaculate and intuitive. The company has even successfully used emoji to give the user experience a more human feeling. While Webull is also available on the desktop, it’s clearly built from the ground up for mobile.
- Only bank and check deposit options with some deposit and withdrawal fees
- 0% commission on all stocks, ETFs, and options
- Extended trading hours
- Advanced analysis tools
- User-friendly stock trading app
- Retirement savings accounts
Stash – User-Friendly Stock App for US Residents
Stash is a new financial platform that makes investing easy and accessible. It’s the world’s first “social investing” app, and it’s quickly becoming everyone’s favorite. A group of engineers created the app out of Silicon Valley who wanted to make finance easier to understand and more accessible to everyone.
Features: The Stash apps allow you to easily invest in your favorite stocks. The Stash app is popular with the younger generation because it provides smaller storage amounts. The app also uses ‘values,’ which will enable users to invest in an asset class that matches their interests and personal values.
If you’re interested in tech and want to invest in this field, Stash is a great tool. The Money Dashboard is the first place for in-depth information about the market: it’s a great way to discover which services surge and which ones fall, based on user data.
Assets: Stash is an excellent IRA account as it supports Roth IRAs and stocks. The stock trading apps also allow automatic dividend reinvestment, ideal for passive investors. If you want to invest but don’t know where to start, Stash is a great app to use since it allows you to choose from different portfolios with ease.
Fees: The Stash app comes with a monthly maintenance fee, but the price will vary between account types. The standard accounts start at $1 per month, while the entire content of a custodian account (with money management features) will be 9 dollars.
Usability: Another great app to keep your eyes on is Stash. Stash Invest focuses on investing in the stock market and helps you track your investments and make informed decisions for your future. The interface is clean, and it’s easy to find the stocks you’re looking for, and the buy/sell options are well-designed—another great option for keeping a close eye on your investments through your phone.
- Does not support instant deposits with a debit/credit card or e-wallet
- Charges variable monthly fee.
- No minimum deposit
- Offers fractional stock
- More than 1,200+ stocks and ETFs
- Best-suited for newbie traders
- Heavily regulated
- Available on both iOS and Android
- Lots of educational resources
SoFi – US Stock Trading App with Auto Investing
Sofi is a great mobile trading app for stocks. Mobile-first stock trading apps platforms typically charge lower fees, making them more attractive to users than a traditional full-service broker. Other features that we like include the liquidity factor (its ability to get out of trades quickly) and its powerful charting tools.
Features: SoFi makes investing simple and affordable for beginner traders. With just £1, you can buy fractions of shares in some companies valued considerably higher than that. SoFi lets you apply this feature to your trading portfolio by creating a list of the companies you want to buy.
You can also set the amount of money you want to invest daily and how often SoFi should check for new shares. Check out these tips for choosing which stocks to buy using SoFi with this article on bargain box.
Assets: SoFi has a good variety of stocks, ETFs, and cryptocurrencies on offer. So if you’re looking for a way to diversify your investment portfolio or want to invest in a specific industry, SoFi could be an appropriate choice for you. However, if you’re going to invest in international companies, you might need to look elsewhere.
Fees: SoFi doesn’t charge any commissions for trading stocks and ETFs. However, you need to pay a markup fee if you want to trade crypto.
Usability: It’s important for a company to have mobile-friendly and easy-to-use stock apps if they want to stay current. People these days use their phones and tablets more than computers, and it makes sense for your business to go where your consumers are.
The SoFi app is engaging, fun, and easy to use. It allows you to personalize the experience by picking which personas you’d like to follow on the app. Figure eights around the personas feature, explaining how So
- It only offers US market stocks and is very limited in research materials.
- 0% commission on all stocks and ETFs
- Fractional shares
- Automated investing
- Very intuitive app
- No withdrawal fees
E*Trade – Best Platform For Discounted Trading
By launching in 1997, E*Trade was the first online trading platform. Since then, E*Trade has become a global brand, offering savings and investing options for people of all ages. With its range of products, people can start investing from as little as $500.
Features: The platform gives you access to high-quality trading platforms, such as market data, live market commentary, news, charts, and as well as other market updates.
The E-Trade Pro platform is specifically tailored for traders with a higher trading volume. It boasts advanced analysis tools, including scans to help you spot profitable opportunities and historical simulations.
The platform gives you access to the best available research and market data, in addition to many additional analytical tools for specific asset classes and instruments.
Asset: The platform offers many investment opportunities. It offers 4,300 mutual funds, futures and stocks, bonds, options, and ETFs to beginners and experienced investors. Fractional shares are also available if you only have a few hundred dollars to invest but would like to build a highly diversified portfolio.
Fees: E*Trade doesn’t charge for stock trades and a minimum amount for investments. There are no base commissions for options trades, except for their first contract, which is $0.65.
Stock trading application platform with a flat commission rate of $ 4.95 per trade for stocks and ETFs. Plus, if you’re a high-volume trader, E*Trade offers an extra 50 cents rebate per trade for traders who execute over 30 trades in a quarter. The broker charges a discounted $0.50 for users who trade up to 30 or more times per quarter.
Usability: While E*Trade has many features, some customers complain that the platform is not so easy to use. However, many advanced features can be found on the site’s more straightforward WebTrader platform, which can also be customized with various charts and technical indicators.
The company also has an app for smartphone users and a platform for US ex-pats living overseas.
- Options trading is expensive for less active traders
- Fractional shares are only available through a dividend reinvestment plan
- The website can be challenging to navigate
- Large investment selection
- Easy-to-use tools
- Commission-free stock, options, and ETF trades.
- Access to extensive research
Charles Schwab – Best Platform For Top-Notch Research
Charles Schwab is a company that provides brokerage services and banking services. Premium services are available to customers who hold a Charles Schwab checking account. Free services are also available to customers without an account.
Some advantages of using Charles Schwab are access to fee-based financial advice, easy investing, and access to superior customer service.
Features: Charles Schwab has a wide selection of tools available to help you with trading. The StreetSmart Edge desktop platform is the most basic option, and it offers both WebTrader and mobile apps that work on iOS and Android devices.
There’s also an online platform for Schwab.com that offers the same conveniences. StreetSmart Central combines the StreetSmart Edge portfolio management tools with the WebTrader service and trading stock apps.
Assets: Devotees of tech company Schwab have many choices from its comprehensive app selection. The platform offers trading securities in stocks, bonds, CDs, ETFs, options, and futures. Fractional shares of S&P 500 stocks are also available. The platform offers thousands of mutual funds and is notable as one of the best commodity trading apps in 2022.
Fees: The Charles Schwab broker can be an advantage for low-cost investors. The platform does not charge base commission fees for option trades and charges $4.95 for stock trades. However, the broker offers a $0 minimum deposit without restrictions on savings amounts, including IRA and Roth accounts.
There are no annual maintenance fees or inactivity fees required in Charles Schwab, but $25 is compulsory for full or partial transfers out of assets, and an additional $15 is required if the transfer is done online.
Usability: Platforms are only as good as their usability, and the Charles Schwab platform is one of the best in the business. The whole system is simple and straightforward, and capabilities like “enhanced watchlists” show that the team behind the platform thinks about how to make an investment experience easy. You can get started in less than 10 minutes, and you can quickly get your account up and running.
- Margin rates are high
- Low default cash sweep rate
- Crypto trading is limited to Bitcoin futures
- Large mutual fund selection
- Above-average mobile apps
- Commission-free stocks, options, and ETF trades
- Robust research and educational materials
Ally Invest – Top Platform for Low-Cost Options Trading
Ally Invest is an excellent app that anyone can trade their stocks. Ally Invest has great customer service, and it’s easy to use. Ally Invest is not only great for big traders but also small-time investors.
Features: The Ally Invest website and mobile app are both very user-friendly. The website allows you to create watchlists that can be accessed both on the website and in the mobile app (and vice versa). The website and app offer real-time data to help customers monitor their portfolios and make fast trading decisions.
Investors can easily read the information on available stocks from multiple sources, including Morningstar, Lipper, and Zacks.
Assets: Ally Invest only offers traditional investment products such as stocks, bonds, mutual funds, and ETFs. Crypto trading is not available. In addition to that, you can trade crypto-based products OTC (over-the-counter). One product to look at is the Bitcoin trust, which is traded via the OTC markets.
This trust is a complicated instrument that can be difficult for retail investors to discover or trade with their Ally Invest account.
Fees: Ally Invest is a perfect investment platform for beginners. There are no minimum deposits and zero commission fees, which is excellent for beginners who plan on starting small with their investments.
You can trade your stocks without paying commission fees, but you’ll have to pay $0.50 for each contract.
There are no inactivity or maintenance fees, but there’s a $50 fee if you want to withdraw your total balance.
Usability: Ally Invest’s platform has a clean and intuitive design. The screen is large, so a lot of information can be displayed at once, and it is easy to access the most common tools. There are a few tools that are not available in the customer account. And overall, we think that some functionality should be added to make it easier for users to trade on their own.
- No two-factor authentication
- No cryptocurrency trading
- Trading available only for the US market
- Intuitive trading platform
- Interest bonuses on cash balances
- No account minimum
- Zero commission on US stocks
There are many apps available to track stocks. Which one you choose is up to you.
The best stock trading apps really depend on what you are using the app for. If you’re looking for a simple app to buy a few stocks and keep an eye on them, eToro is perfect.
However, if you’re looking to invest a large amount of money and/or are looking to trade penny stocks, you should check out Robinhood. Both eToro and Robinhood have their strengths and weaknesses, so your decision should ultimately come down the way you wish.