There are tons of trading apps out there, but not all of them are made equal. We compiled a list of the best platforms for you to choose from based on your needs and preferences. If you’re looking for an app that is really easy to use or if you need one with advanced features then this article is perfect for you!
What to Consider When Choosing a Stock Trading App
Top 12 Stock Trading Apps best for beginners or retails investors
1. eToro a fantastic platform for mutual funds and trend following
2. E trade mobile top trading app for beginners
3. Charles Schwab an easy trading platforms
4. Plus500 good for stock and etfs but also options trades
5. Robinhood well know for “free trades”
Best trading application for professionals?
1. Interactive Brokers perfect for stock traders
2. MetaTrader 5 for forex and stock trading experience saavy
3. Itiviti tools for professional investors
4. TD Ameritrade mobile app with a great customer service
5.Tradingscreen Quo for banks and asset managers
A stock trading app allows you to buy and sell shares in a company, commodity or currency from the comfort of your home.
A good trading application is one that provides you with all the information needed to make an informed decision about when to buy, hold or sell stocks. The best platforms are those which can help traders maximize their profits while reducing risk as much as possible.
What to Consider When Choosing a Stock Trading Apps?
When deciding on which app is best for you, consider the following:
- Knowledge level – are you a beginner or an experienced trader?
- Fees – what are the fees and commissions for using this app?
- Platforms available – is your favourite mobile platform on offer, or do you need to use a desktop computer instead?
- Ease of Use – how easy will it be to get started with trading from this application,
Are you looking for investments for retirement to help you reach your long-term goals?
Are you looking to trade with ETF or derivatives? ETF are exchange-traded funds they are built up of different stocks and you can trade them on the stock market. If you are buying traditional funds then you should also consider the quality of the broker customer service. You might not find this quality service in robinhood like solution for retail investors.
Derivatives are an agreement between two parties, where they agree to exchange one thing for another at a certain date in the future, with there being no physical transfer of goods or money.
All this could be too complex and you might simply be looking for robo advisors. Robo advisors are a type of automated investment service, that usually provides online personal finance management. They are not made for active traders or options trading. Open an account is usually easier with those robot solutions because they are made as app for beginners. When you are opening an account with a more traditional broker, the brokerage account process can be slower however you will be able to trade with a large choice than simple stocks and etfs.
Most stock trading apps offer market research and some kind of commission-free trades…. but as you know they are no free lunch! So be careful when picking your stock broker apps.
What will be your minimum deposit for the best stock trading apps?
If you are looking for a minimum deposit or simulator we suggest you try eToro but if you are looking for larger tickets with ETF trades or even larger risk with options trading then you should consider Interactive Brokers. If you are opening a large trading account why not calling stockbrokers to make them compete on the pricing?
What the best trading apps for 2021?
As you see you see investors will find a different trading app for different investors’ objectives. From traditional Fidelity investments to a modern eToro you have a large choice of the trading platform.
We hope that this article has helped you to decide which app is best for you. If not, just take a look at our top five trading apps and see what’s right for your needs!
The information is being presented without consideration of the investment objectives, risk tolerance or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal.