Mobile phones have become human’s best friend nowadays. From simple texting to complex office works, there is nothing that can not be done with mobiles. One such domain that has recently seen a significant rise in the use of mobile phones is the stock market. Stock trading has always been a complex sector. But gone are the days when people invested all their time in analyzing their stocks and trading them. Now, all this work has been made easy with stock market apps. We have brought here seven best stock trading apps that are designed especially for beginners.
Robinhood
Robinhood is a free-trading app that lets investors trade stocks, options, exchange-traded funds, and cryptocurrency without paying commissions or fees. In its early stages, Robinhood stood out as one of the only brokers offering free trades. But with many big-name online brokers eliminating trading commissions and fees, Robinhood has had to find other ways to stand out, which in 2021 includes a new recurring investments feature. That said, it’s still a solid choice, and currently, it’s one of the few brokers that gives investors the opportunity to trade cryptocurrency.
Robinhood offers both web and mobile trading, but the platforms are purposely bare-bones, and some investors may find the range of tradable securities and account options lacking. In the last year, the platform has also received criticism for untimely outages and trade restrictions amid market volatility. Robinhood is offering free stocks at the moment if you sign up using this link
Webull
Founded in 2017, Webull is a relative newcomer to the brokerage world, but it appears to have used that late entry to its advantage. In some ways, the company seems to have taken cues from modern forerunners like Robinhood, which appeal to new and casual investors who expect a great mobile experience and a clean, simplified desktop interface.
But Webull is also a strong choice for more advanced active traders, offering in-depth charting, dozens of technical indicators, advanced orders, Level II market data from Nasdaq, customization, and more. All of this is packaged up in an approachable, sleek platform. Moreover, the company has made rapid progress building out its offerings: In late 2019, it introduced an individual retirement account, and just this year, it rolled out cryptocurrency and options trading. And while Webull doesn’t yet offer fractional shares, there’s talk of this feature coming in the near future.
Webull is offering free stocks at the moment if you sign up using this link.
TD Ameritrade Mobile
TD, in the name of this app, stands for Toronto-Dominion bank. The app is suitable for both advanced traders and beginners. The best part about this is the ease of external money transactions. That means people will not have a hard time putting in and taking out money. Also, the app is available for four platforms.
TradeStation Mobile
This is the best stock trading app for beginners who want to start their journey in Options Trading, Futures Trading, Mobile Trading, Professional Trading, and Day Trading. Along with the app, TradeStation is also available for desktop and web-based platforms. So people can trade from anywhere and anytime.
Interactive Brokers
Interactive Brokers lead the board of stock market trading apps in the US for active traders. People interested in Active Trading can use either the app or the Traders Workstation (TWS). It allows the users to assess the stock market and open new positions, which is the feature that most stock market apps lack.
Fidelity
Unlike other stock market apps, Fidelity has the feature of customization. The trading app offers its users to adapt the elements of the app that they find most relevant. This feature makes the app suitable for both beginners and advanced traders, as they can choose features according to their skill level.
E*Trade
There is no limit to the list of features that E*Trade provides to its users. It is available for all the different mobile OS and also for web platforms. The users of this best stock market app do not need to interact with the broker directly for making investments. The minimum amount to start on this app is $500.
Tastyworks
Usually, the stock market trading apps for beginners focus on different aspects of trading. But this one is only focused on people who want to start their journey with Options Trading. Several features of the app make the process of options trading quick and convenient for the traders.
Stockpile
For the beginners who do not want to invest big in the starting, this app serves the purpose. Users can make small purchases using the provided gift cards. Even children who wish to explore the world of trading can use this app.
Conclusion
The stock market and trading can be tricky if the platform is not correct. Many beginners find it tough to invest their money as they do not know where to start. With these seven best stock market apps, their journey’s beginning can be made accessible. Once they become an expert in the domain, they can start exploring other options as well.
