The best mobile app for trading stocks depends on your trading style, preferences, and needs. Here are some of the top stock trading apps, each with its own unique features:
TD Ameritrade (Thinkorswim)
- Best for: Active traders and those seeking powerful tools.
- Features:
- Comprehensive research tools, including advanced charting and technical analysis.
- Real-time data feeds.
- Paper trading functionality to practice before real investing.
- No commission fees for stock and ETF trades.
- Access to educational resources.
- Available on: iOS, Android.
Robinhood
- Best for: Beginners and those who want commission-free trading.
- Features:
- Simple interface, great for beginner traders.
- No commissions or account minimums for stock, options, and crypto trading.
- Fractional share investing.
- Instant access to funds for trades.
- Available on: iOS, Android.
E*TRADE
- Best for: All levels of traders looking for a user-friendly platform with strong research.
- Features:
- No commission fees for stocks and ETFs.
- Access to market research tools and analyst reports.
- Mobile check deposit for ease of fund transfers.
- Advanced charting and customizable watchlists.
- Available on: iOS, Android.
Fidelity
- Best for: Long-term investors and those focused on retirement planning.
- Features:
- No commission on stocks, ETFs, or options trades.
- Wide range of retirement and investment account types (IRAs, 401(k), etc.).
- Access to detailed research, analytics, and educational content.
- Powerful stock screeners and watchlists.
- Available on: iOS, Android.
Charles Schwab
- Best for: Long-term investors, beginners, and those looking for customer support.
- Features:
- Commission-free stock and ETF trades.
- Research tools, including access to third-party analyst reports.
- Great customer service, particularly helpful for beginner traders.
- Integrated financial planning tools and retirement account options.
- Available on: iOS, Android.
Webull
- Best for: Intermediate traders who want advanced tools without commissions.
- Features:
- Commission-free trading of stocks, options, ETFs, and cryptocurrencies.
- Access to advanced charting tools, technical indicators, and news.
- Real-time market data.
- Extended hours trading (pre-market and after-market).
- Available on: iOS, Android.
Merrill Edge (by Bank of America)
- Best for: Investors looking for a bank-integrated experience and solid research.
- Features:
- No commission on stock, ETF, or options trades.
- Strong research tools from BofA and other sources.
- Seamless integration with Bank of America accounts.
- Educational content for beginners.
- Available on: iOS, Android.
SoFi Invest
- Best for: Beginners and people looking for an all-in-one financial app.
- Features:
- Commission-free stock and ETF trading.
- Automated investing and personal finance integration.
- Socially responsible investing options.
- Fractional shares available.
- In-app borrowing and lending features.
- Available on: iOS, Android.
Interactive Brokers (IBKR)
- Best for: Advanced traders seeking global market access.
- Features:
- Low commissions and access to international markets.
- Advanced charting and trading tools.
- Wide selection of assets, including stocks, options, forex, and futures.
- Powerful trading algorithms and automation.
- Available on: iOS, Android.
Conclusion:
- For Beginners: Robinhood, SoFi Invest, and Fidelity are great options for those just starting.
- For Active Traders: TD Ameritrade (Thinkorswim) and Webull offer excellent tools.
- For Long-term Investors: Fidelity and Charles Schwab provide a more balanced approach with strong educational content.
- For Advanced Traders: Interactive Brokers and TD Ameritrade offer sophisticated tools and features.
