Since you can literally do anything and everything with your phone or tablet these days, it’s not surprising that you can also invest and trade stocks using apps. Why spend a fortune paying a broker to execute a trade for you when you can do it yourself? Even if you are not very experienced or knowledgeable, the best online stock trading app platforms come with tips and resources to help you better educate yourself.
You only need one or two good apps for all your investments. It also depends on your experience level and trading style.
Here’s a quick overview of some of the more popular trading apps:
This one was launched even before the Robinhood website. It’s free to get started, although you won’t get access to the full range of investments. Added recent support for Bitcoin. The application interface is intuitive, and the information you need to make decisions is easy to access and understand. Robinhood uses only the best security and privacy measures to protect investors’ personal information and assets.
This is a great choice for beginners. Students can take advantage of the free management feature and select merchants can even get some “cash back”. There are no free surprises and you can make small trades for only $1 – $3 dollars.
Acorns is not for everyone, especially more active, versatile traders who want a larger portfolio.
The good thing about Stash is that it’s not just an online stock trading app – it’s also an educational app designed to help you learn as you go. It allows users to start investing with as little as $5 and offers advice on which stocks might be right for you as you go. Investments go into individual stocks / EFTs, which are used in different themes, such as “environmental” or “innovation”.
This tool was created by Interactive Brokers and is available to members of Zacks Trade. If you are not familiar with Zack’s Trade, it is a great platform for active traders and those interested in foreign markets. There are a number of investment options to choose from, including options, EFTs, bonds, mutual funds, etc. To help you make decisions, Handy Trader supports real-time charts and market data, and allows you to place orders instantly or using an order ticket.
Apart from offering the best application for online stock trading, Zacks Trade and Interactive Brokers offer a web platform for those who prefer to trade on PC.