Do you want to be notified about real-time changes and great opportunities in the stock market? Well, you can easily achieve that by using your mobile device and the right stock trading app. This way, you’ll be able to trade wherever you are and never miss out on any opportunity.
Having the right app for stock trading can make all the difference in your trading game. But how could you know what is the best app for stock trading for you?
Below, you can find the best stock trading apps and get familiar with their features and advantages. As soon as you finish reading this article, you'll know which one suits your needs, and you can immediately download it and start using it.
Best Apps for Stock Trading
The next six stock trading apps are full of incredible features, providing you with everything you need to be able to trade on the go. Each of the following apps is available for iOS and Android devices so that you can enjoy them no matter the system of your device.
- Robinhood
- TD Ameritrade Mobile
- Webull
- Interactive Brokers
- Fidelity
- SoFi Invest
Robinhood
Robinhood is the first trading app on this list and the best for people who are just starting to learn about the trade market and stock trading. That’s because the sign-up process is very fast, and overall, this trading app is simple to use, so anyone can quickly learn to navigate through it. But if you want something more from this app, you can upgrade it and get more advantages, so let's take a better look.
Robinhood Gold
If you want to improve your experience and the features you're using from this app, you can upgrade to the premium version of Robinhood Gold. But, to do that, you'll need to pay $5 per month. By doing that, you'll earn a 4% interest on your uninvested cash, you'll be able to see the people's bids in real time, and you'll be able to use bigger instant deposits.
Fees
Robinhood is the app that introduced the concept of trading without charging a fee. So this allows everyone to participate in the trading world and see if they will like it. There’s no monthly fee, and you’ll get easy access to the stock market without any fees for trading stocks, options, and cryptos.
Another great thing about this platform is that it allows investors to invest whatever amount they have. There’s no restriction, so whether you want to invest $1 or $100, you can do that.
Security
One thing you can always be sure of is the account security on your Robinhood app. All personal and essential info is encrypted, but you can still use two-factor authentication if you want to.
By doing that, whenever you want to make changes to your account, you'll be asked for identity verification, so there's no way someone can misuse your account.
Best for
Robinhood is a very user-friendly trading app, so if you're a beginner searching for a trading platform with a simple interface, this is the right one for you. Everything is easily accessible, so you’ll immediately get the hang of it.
This app also allows cryptocurrency investing, so if that’s something you're interested in, you should go for it.
TD Ameritrade Mobile
The next best app for stock trading we singled out is TD Ameritrade Mobile, which will show you that keeping track of the stock market has never been easier.
Moreover, thanks to this app's clean look and organization, you can quickly find whatever you’re looking for.
You can set up alerts for prices, look through charts, and monitor your orders, so you’ll never miss anything. You can even watch the changes in the stock market on your Apple watch.
Educational material
The thing that makes this app even better is the easy access to educational materials that can help you quickly upgrade your knowledge. Once you open an account, you’ll immediately get free access to different online courses. So if you do decide to use TD Ameritrade Mobile, make sure you use the courses and improve your trading skills.
Fees
No fees apply for stock trading with options and ETFs on the TD Ameritrade Mobile, but you’ll be asked to pay $0.65 per contract for options trades. Another fee important to mention is the additional $6.95 for OTC stocks.
Besides that, opening an account is free of charge, so you have absolutely nothing to lose if you try this application.
Security
When using the TD Ameritrade Mobile app, you never have to worry about your personal info. That’s because your data is encrypted, so no one can access your sensitive info. Also, the data transfer is done through a secured connection, and you can even use a privacy mode while trading, which will hide your balance info.
Best for
The TD Ameritrade Mobile trading app is great for everyone who wants to participate in the stock trading market and learn valuable things without being charged high fees. Fractional share investing isn’t available, and that’s the only thing this app doesn’t provide. Every other important feature is available on the TD Ameritrade Mobile, so make sure to check out this app.
Webull
Webull is another fantastic stock trading app where opening a brokerage account is very straightforward. Using this stock trading app, you can learn many things thanks to the graphics, charts, and detailed financial analysis. They will help you make the right decisions when trading stock. Even though this app offers many analytical tools, it's still user-friendly, so anyone can easily learn to use it.
Webull community
Webull has successfully built a community of investors who can connect and communicate with each other. You, too, can become a part of that community. By doing that, you can share your thoughts and experiences with other investors and learn tips and tricks to become a better trader. Simply click on the community tab in the app. Then, you can join different conversations and discussions.
Fees
When using Webull stock trading services, there's no minimum deposit for opening an account. Equally important, there aren’t any fees for trading stocks or ETFs. Webull allows you to invest with zero commission, which is great. Also, you can even buy a fractional share starting from $5, which is definitely an amazing opportunity you should look into.
Security
Like the other mobile apps reviewed above, Webull also provides you with two-factor authentication, which is the best method to give you control over your app and your info. This way, every time you try to enter this app, you'll need to confirm that it's truly you. Of course, don’t forget to set the biometric login for maximum protection.
Everything is protected with 128-bit encryption, and even firewalls are implemented in the app. You can also customize your alarms to your preferences to be notified if someone makes changes to your account.
Best for
Webull is the best app for stock trading for everyone who wants to invest in different things. Not only can you invest in stocks, but you can also invest in ETFs, OTCs, options, and even crypto. Thanks to the Webull community, you’ll get a chance to talk to same-minded people, so give it a try.
Interactive Brokers
Interactive Brokers is a different stock trading app from the others in this article simply because it's not suitable for beginners. This app is intended for traders with more experience in the stock market. So, don't expect a simple interface, but get ready for many advanced tools and features for stock trading.
Even though this app is for more advanced and experienced users, there's still a lot of educational material on it, which shows that no matter how much knowledge you have, you can still learn something new.
Advanced options
This professional trading app allows you to access more than 150 markets and trade stocks, currencies, options, futures, and other investment products. You’ll find even foreign stocks. Also, thanks to the sophisticated trading tools this trading app offers, you’ll be presented with more options for trading.
Fees
The fees on this app vary. They can be zero, or they can be 0.5 cents per share. But don't worry about paying for something you don’t want to pay. You'll know everything upfront, as Interactive Brokers is a highly transparent trading app.
Security
This app's two-factor security shows that the security levels are very high. Also, there's an option to activate the Face ID or use a fingerprint to enter your account. Use these options, and you'll never have to worry about your privacy being endangered.
Best for
Interactive Broker is the perfect app for more experienced investors and traders, but it’s also great for users who want to choose different investment products. That’s because this app allows users to trade with stocks, options, FOPs, bonds, mutual funds, cryptos, etc.
Equally important, the variety of fantastic trading tools is ideal for active traders, so if you're one, this is the app you must try.
Fidelity
The next best app for stock trading we’ve picked out is Fidelity, which we chose for a few good reasons.
First, you’ll find educational material, so no matter how experienced you are, know there’s always something you don’t know. Secondly, we noticed that this app makes it easy to find those stocks you're interested in.
Another thing we like about this app is that you'll be presented with useful advice from Fidelity's experts to help you choose the right strategy and make the right decision. Now, let’s take a better look at what you can expect.
Personalized feed
The personalized feed of this app is based on what the user researches and watches, so it'll always show you things related to your interests. The feed will show you the account balances and allow you to keep an eye on the new opportunities in the stock market. This way, you'll always be up to date with all the important things.
Fees
Fidelity is the best app for stock trading if you want to diversify your portfolio without paying any fees. Using Fidelity as the app for stock trading, you should know that you won't ever be asked to invest a certain minimum amount for its mutual funds. Also, you won't be asked to pay any fees for using this app's services.
Security
The advanced encryption system that this stock trading app uses is the safest you could wish for. Thanks to it, all of your transactions will be safe and secure. Also, encryption protects your info from being stolen and misused.
Another thing to remember is to not panic if you get logged out of the app. If the Fidelity app detects inactivity, it'll automatically log you out of your account.
Equally important is that you don't ever have to worry about your security using this app, as its two-factor authentication and system surveillance won't let anything endanger your privacy.
Best for
It doesn't matter the type of investor you are; the Fidelity mobile stock trading app will suit your needs perfectly because of the variety of account types you can open.
With it, you'll have the chance to open individual or joint brokerage accounts, trusts, automated accounts, and other accounts.
SoFi Invest
Trading on the go has never been easier than with SoFi Invest, an app that offers lots of advantages. We must mention that SoFi means “social finance” and that this app is ideal for beginners. The low to nonexisting fees, automated investing, spotless security, and simple navigation will introduce you to stock trading in the easiest, most effortless way. The following things are what you can expect from this trading app.
Automated investing
If you’re a beginner eager to join the stock trading market, the SoFi Invest app is great. By entering your goals and risk tolerance in the app, you’ll get a diversified portfolio free of charge. Diversifying will reduce the risk you’re taking by investing, which is simply amazing, especially for someone who still hasn't learned the secrets of stock trading.
Fees
Without account minimums and no commissions, it can’t be easier to trade stocks on the go. You can also own fractional shares starting from $5, so check your favorite companies and their shares. Just remember that you might be charged exchange fees.
Security
Regarding the security of this trading app, remember to enable the two-factor authentication for your account, and all of your info will be safe and secure.
Also, there’s another way that your personal details are secured. SoFi Invest trading app uses industry-standard safeguards, and the system gets tested by a third party every year, ensuring everything is safe and under control.
Best for
SoFi Invest trading app is great for beginners, especially because of the automated investing. Also, if you have another SoFi account and are interested in crypto or stock trading, you can easily open a SoFi Invest account and move money from the other accounts.
How to Stay Safe Using Apps for Stock Trading
One crucial thing that makes the above-reviewed apps for stock trading the best is their high level of security. But still, you should know how to protect yourself, no matter what stock trading app you decide to use. In continuation, read about the most important things that can help you stay safe using stock trading apps.
Secure your mobile device
The first thing you must do before securing your stock trading app is secure your mobile device. This refers to using a pin, password, fingerprint protection, or activating a face ID on your phone. By doing this, you'll protect yourself and your privacy. If your phone gets stolen or lost, no one can unlock it and misuse your apps.
Strong account password
Create a strong password for your stock trading app account that can't be easily guessed. That means don't use sequential numbers or letters. It's best if your password is something you can easily remember and not many people know about it, combined with numbers or small and uppercase letters. The more you mix these things, the more impossible cracking your password will be.
Use 2FA
The two-factor authentication is a must, so use it whenever the app provides it. It’s one step further from using only a password to secure your account. By including this tool, no one will be able to enter or use your account because, thanks to it, writing the correct password isn’t enough. This is a crucial security tool because if someone tries to enter your account, you’ll be notified, so don’t forget to activate it.
Use a reliable platform
If you’re a newbie and want to see how the trading market works, it’s a good idea to start with a platform that will show you and guide you in the right direction. We recommend just the right platform for you, called FoolProof Options.
Using this website will provide you with top-notch pieces of advice and guidance from very knowledgeable traders. They're experts in trading thanks to their over 25 years of experience trading on Wall Street, so there's no one more reliable than them. Besides, using this platform's services will build your confidence and knowledge, preparing you for successful stock trading in the future.
Conclusion
Using a stock trading app will allow you to stay connected and keep an eye on the changes in the stock market anytime, anywhere. To enjoy that, you just have to choose the best app for stock trading. Choosing the best app for stock trading can greatly impact your trading experience. So do that, as all those recommended above offer incredible advantages and favorable opportunities.