Best Stock Trading Apps: As a result of the transition of all kinds of business online, everyone is given the opportunity to try themselves in everything that is interesting. If you’ve always wanted to be a stockbroker, but starting this type of business was too expensive and took a lot of effort, then now is the time to start making money with the great and simple stock trading apps you will learn about in this article.
Warning: CFDs are complex instruments and carry a high risk of losing money quickly due to leverage. 71-89% of retail investor accounts lose money when trading CFDs. In addition, some parameters, such as margin, can change depending on market trends. You should consider whether you understand how CFDs work and whether you can afford to risk losing your money.
Warning: 71% of private investor accounts lose money when trading CFDs with eToro. You should consider whether you can afford to risk losing your money. Click Here To Get Netflix Student Discount
Applications for Trading on the Stock Exchange from Smartphone
Capital.com is a web-based platform and mobile app, the leading global and free stock trading app with 360,000 active users and growing numbers. Even novice traders can use it and learn without risk – through a demo account, practice trading on the commodity exchange, trading cryptocurrency, contracts for difference (CFDs), trading in the stock markets. Includes Standard, Plus and Premier accounts in 2 levels (retail, professional).
How it works: the user creates an account at Capital.com of his choice (web or mobile application), makes a deposit in USD / GBP / EUR / PLN (minimum $ 20), trades in any of the world markets, makes a profit or incurs a loss, withdraws funds whenever he wants. Capital Com is registered in the UK and is regulated by the Financial Conduct Authority (FCA).
Cool features: 75 technical indicators, free demo account, no commission for day trades, maximum leverage of 1: 200, stop loss option, cryptocurrency trading (Bitcoin, Ripple, Ethereum), over 2000 markets, Forex, trading guides and webinars.
Custom Tips: You can set a stop loss to prevent negative balance. Withdrawal of funds to a credit card can actually take 2-3 business days or more, depending on the activities of the user’s bank.
Business model: minimum deposit of 20 EUR / USD / GBP, or 250 EUR by wire transfer, spreads, overnight and inactivity rollover fees.
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The Toronto-Dominion Bank app is ideal for advanced traders and includes simplified beginner features and investor training. The software allows for easy external money transactions and can be used on four different platforms.
How it works: Download the TD Ameritrade Mobile app from the store and register an account (if you are not already registered at tdameritrade.com). With a minimum account of $ 0, start investing and control the stock market while staying in your app.
Choose an initial investment amount and start earning trading. Additionally:
- Retirement Account (Traditional, Roth, or Rollover IRA)
- Demo accounts (Tax-free Coverdell, UGMA / UTMA accounts, 529 plans)
- Special Accounts (Advanced Features)
- Managed Portfolios
- Margin trading
Cool features: Transfer funds between TD Ameritrade and external accounts, $ 0 minimum account, tax-deductible brokerage account, in-depth account monitoring, price alerts, charts with indicators, customization of screens and lists, news and research, back testing, earnings calendars.
Custom Tips: You can track live quotes on your Apple Watch without using your smartphone. TD Ameritrade has four different platforms: Web Platform, Trade Architect, Thinkorswim, and TD Ameritrade Mobile App. While you can use all of them, you should know the difference.
Business model: $ 0 minimum account.
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Plus500 is recognized by an extensive trading screen with detailed information on past and current stock positions. The app is very visually rich and includes extensive diagrams. Fees and commissions are affordable and variable so investors of all skill levels can try it out.
How it works: Plus500 is a proprietary platform that focuses on technical analysis and stock trading. The application provides users with multitasking within the program; trading in multiple markets and tracking quotes in real time.
Cool Features: Demo account, risk management, various trading assets, email alerts, mobile alerts, guaranteed stop loss, available for all mobile OS.
Custom Tips: Combine all your trades across multiple financial markets with a single Plus500 app screen.
Business model: Minimum deposit of 100 euros for standard deposit methods / minimum deposit of 500 euros for the bank. 10 euros fee for inaction.
Warning: 76.4% of private investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to risk losing your money.
VantageFX is a regulated broker in Australia, UK and Islamic countries, offering traders worldwide access to over 180 trading instruments including Forex, Share CFDs, Indices and Commodities through the industry leading MT4 and MT5 platforms.
All Vantage FX clients experience super-fast trade execution, tight spreads and a completely transparent trading environment.
How it works: Opening an account with Vantage FX is quick and easy, and you can start with as little as $ 200. As soon as your account is opened, you can immediately access a huge number of trading instruments and start trading in any style, be it scalping, swing trading, position trading or even automated trading.
Cool Features: VantageFX offers account types for all levels of traders, from STP to high performing ECN accounts. Clients can also access a suite of trading tools designed to enhance their trading edge, as well as a range of promotions including volume-related bonuses, margin percentages, free VPS and more!
User Tips: VantageFX does not charge any fees for deposits, withdrawals, or account management. And with 13 trading platforms to choose from, customers can trade both from their desktop and on the go via their mobile device.
Business model: minimum deposit $ 100. Minimum deposit by wire transfer $ 250, overnight commission (Premium), low spread (buy / sell, bid and ask price corridor, Bid: Ask), deposit / withdrawal commission.
AMarkets is an online trading and investment service offering a variety of products to trade, from currencies and CFDs to commodities such as oil or metals and stocks. It runs on the MetaTrader 4 platform and requires only $ 1 to start. Two account levels – Gold (from $ 1,000 to $ 20,000) and Platinum (over $ 20,000) are eligible for various privileges, for example, an ECN account, your own server, and an investment portfolio.
How it works: Register online, use the web terminal or download the desktop version, then select the account type in the trader’s profile – Standard, Fixed or ECN; make a deposit, start trading. AMarkets offers leverage rates up to 1: 500.
Cool features: web terminal, MetaTrader 5 mobile application (iOS, Android), 3 types of accounts, additionally an Islamic account with a minimum deposit of $ 1000, micro lots, PAMM service, a choice of fixed / variable spreads.
User Tips: 0% deposit commission, set your own leverage rate to get more benefits, $ 10 bonus for every new Refer a Friend account.
Business model: USD 1000 minimum deposit on ECN accounts, fixed spreads of 2 pips on USD / EUR (0.0002).
SigFig is a stock trading app with well-organized asset management and a simplified, easy-to-track portfolio. Due to the moderately high account minimum compared to other low-cost applications, this program is more suitable for experienced traders.
How it works: SigFig is platform specific as it uses third party user accounts that must be pre-registered with TD Ameritrade, Fidelity or Charles Schwab. It monitors and expands the user portfolio, balances investments and reduces fees.
Cool Features: Companion app, 3rd party account sync, free advisor, advanced portfolio tracker. SigFig will automatically reinvest your dividends; will automatically rebalance funds in all accounts for free.
Custom Tips: You cannot manage your credit card in SigFig. In case you want to link different financial accounts other than those registered on the platforms of its partners (TD Ameritrade, Fidelity or Charles Schwab), you will not be allowed to do so.
Business model: Minimum $ 2,000 per account. Manage your first $ 10,000 for free. After exceeding the $ 10,000 limit, the annual management fee is 0.25%. The fee for a diversified income portfolio is 0.50%.
An undemanding app for newbie, inexperienced investors looking for the best way to start their trading career. Each user has the option of owning a retirement and standard account at the same time on the same platform. Stash is very popular all over the world because it offers a wide range of flexible investment options.
How it works: Like SigFig, Stash is not a direct manager of registered accounts. However, in this case, you can link it to your bank account; The main purpose of Stash as a stock trading app is to teach you how to build your ETF portfolio.
Cool Features: Stash Coach; Smart-Save (saves the minimum of your daily purchases); the REIT (Real Estate Investment) function invests minimal amounts in real estate, bringing together users with similar interests and buying common property.
User Tips: Instead of using multiple apps to monitor and manage your finances, you can open a retirement account with Stash at the same time you manage your regular account.
Business model: Free registration / minimum investment of $ 5. $ 1 monthly fee for accounts up to $ 5,000, 0.25% annual fee for accounts over $ 5,000. Stash Retire (minimum $ 15 to start), custodian accounts (available to users under the age of 18, registered with the manager).
Schwab Mobile (Charles Schwab) is one of the leading stock trading apps designed for investors of all skill levels. The design of the app is very simple, making it easy for novice users. It also includes a long list of advanced features for seasoned investors, making it suitable for every trader.
How it works: Schwab has over 4,000 mutual funds and 250 non-commission ETFs. The app features exceptional industry research and is rated highly effective.
Cool Features: Advanced industry research available on web and mobile platforms, custom layouts, news and analytics, watchlist, real-time quotes, Apple Pay connectivity.
User Tips: Stick to the funds found on Schwab’s “no transaction fee” list. If you want to get one that you cannot find on the above list, you will have to pay $ 76 for it.
Business model: 0% service fee / minimum $ 1000 per account. $ 4.95 Trading Commission, $ 100 Novice Gift, $ 76 Transaction Fee (not listed).
If you are an investor looking for automated investing and moderately low fees, WealthFront is definitely worth a try. The application has an integrated tool that creates the best strategy to help you achieve a specific goal. While you can create a diversified portfolio, WealthFront does not support fractional stocks.
How it works: After registering, setting your goals and assessing your risk, Wealthfront categorizes the money you have invested in ETFs (Exchange Traded Funds) and acts as your expert financial advisor.
Cool Features: Portfolio Review, Tax Location, Index Funds, Automatic re-balancing, Smart Beta, Risk Parity. Path is a savings system that helps you set goals and save efficiently to achieve them.
Custom Tips: If you need advice and answers to some of the questions that you cannot find in the WealthFront FAQ, visit the company’s official web blog, where you can find many interesting, educational posts and tips.
Business model: Free registration / $ 500 minimum. Minimum withdrawal of $ 250, 0.25% annual commission for accounts with a total balance of over $ 5,000. Portfolio credit line for accounts with a total balance equal to or greater than $ 100,000.
An extremely popular Indian app for users of all skill levels. It’s great for beginners as it offers a free first year after registration. 5Paisa is an inexpensive stock trading app with robotic advice and an online stock market, including most of the features that leading financial apps provide.
How it works: A standard stock trading application where you need to submit an application and wait a few hours until you are approved. Then you can invest in stocks according to your preferences and use 5Paisa’s integrated tools to monitor all your finances.
Cool Features: Demat Account, Instant Fund Transfer, Quick Order, Auto-Investor, Live Quotes, Synchronized Watchlist, Exceptional Charts.
User Tips: Don’t rush to invest heavily in small and medium-sized companies, even if the offer seems very attractive. Do your research, and if the firm does seem stable, invest. If not, it is better to prevent failure than to deal with the consequences.
Business model: First year free / free mutual fund account. Annual membership of $ 400 ($ 5.80) / 18% GST for individual users. Annual membership of $ 1000 ($ 15) / 18% GST for non-individual users. $ 10 ($ 0.15) per trade.
Trading 212 is another globally recognized app with huge trading opportunities for active traders that connects all major markets. The system provides educational programs, and in addition to the mobile platform, you can also access it from the Internet.
How it works: As a new user, you can try a demo account that will help you learn about and familiarize yourself with this stock trading application. Trading212 uses a separate Tier 1 bank account for all of its users’ finances.
Cool features: User-friendly app, informative educational program, automated trading, web platform and mobile platform, trading signals, market analysis, chart monitoring, one-click order execution.
Custom Tips: After a single or multiple successful trade, do not start quickly increasing the trade size. Users usually react this way and invest all their earnings, thinking they will continue to win and end up losing most of it. Balanced investments are the key to success.
Business model: Minimum deposit 150 $ (100 €, 100 £). Maximum leverage 1: 200, monthly reward for 10 trades without commission. After spending 10 commissions, each commission ranges from 1.95 ($, €, £) + 0.05% to 1.95 + 0.08%.
Final Word
Apps for purchase were selected in the play.google.com store. The list included only applications whose broker is licensed by the Central Bank of United States. Apps were ranked by the number of downloads and user ratings.
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