To choose the Best Stock Trading App for 2024, it is important to compare the apps of the top companies. There are a great number of apps, all with their set of features. They differ in reliability, number of trading instruments and other aspects. TU analysts performed a comparison to determine the Best Stock Trading App for 2024. Below, you will learn about the main features of the app as well as its rating based on user reviews and expert assessment чтобы выбрать Best Stock Trading App for 2024.
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eToro - Best Stock Trading App
eToro is an international broker for trading and investing in assets, copying trades of experienced market players and earning income on offering your own successful strategy. The activities of eToro are controlled by European financial regulators: CySEC and FCA. The broker offers its clients the opportunity to trade indices with a maximum leverage of 1:20 and ETF instruments with a leverage of 1:5. Size of leverage in eToro can also vary depending on the regulation of the division of the broker you work with.
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eOption - Best Stock Trading App
eOption is regulated by the following financial institutions: FINRA and SIPC. The next trading instruments are available to the clients of the company: stocks, options, ETFs, bonds, as well as fixed-income instruments. eOption fees are lower than those of competitors. In addition, a section with professional analytics is available on the official website of the broker. The eOption broker is a regulated broker focused on active US traders who prefer to trade options.
3
Revolut - Best Stock Trading App
Revolut provides its clients access to shares of international and American companies, cryptocurrencies, and metals. For investors, Revolut offers a social trading program. Revolut's copy trading platform is trendy among investors because it has a forum for traders to communicate with each other in real-time. Also, various charts and indicators are available in the Revolut trading platform for technical analysis. Revolut is a company actively developing and plans to make all of its services available to foreign citizens. Fractional share trading offered by the broker allows beginners to learn trading without high financial risks.
4
M1 Finance - Best Stock Trading App
M1 Finance is suitable for traders and investors who prefer long-term trading strategies. The amount of the minimum deposit in the company varies from 100 to 500 dollars, depending on the type of account. For trading, M1 Finance offers an author's terminal. A unique feature of the broker is the presence of a dynamic investment portfolio rebalancing system - Pie, which allows you to distribute investments optimally between segments of the portfolio selected by the client. M1 Finance broker is suitable for both experienced investors and beginners who are ready to invest single-handedly on a long-term basis.
5
SoFi Invest - Best Stock Trading App
SoFi Invest is a broker providing a service to the stock market. The company's financial regulators are SIPC and FINRA. Available trading instruments in SoFi Invest: managed portfolios, stocks, and ETFs. The company is more suitable for traders who prefer long-term trading strategies. SoFi Invest cooperates with clients from the USA. SoFi Invest is ideal for novice investors and those with other accounts with Social Finance, Inc. (SoFi).
Detailed Review of the Best Stock Trading Apps
To make an informed choice of a mobile app, you need to read a detailed review of the broker offering it. This will help you to learn more about the company in general and its mobile app in particular. Traders Union experts have prepared the required information to help you make the right choice. Read also about the best stock trading mobiles.
eToro is a broker for trading, investing and social trading
eToro provides access to investing in assets of various markets. The list of available stock instruments includes nearly 3,000 stocks, 15 indices, 15 exchange commodities and over 250 ETFs. The broker regularly expands the choice of ready-made investment portfolios that are balanced by the risk score and yield percentage. Theme portfolios with stocks (NVDA) and penny stocks of various industries, including energy, electronics, hardware, etc., are available.
eToro clients can also buy and sell stocks of companies that pay dividends. For passive investors, the broker has formed a portfolio of securities of international companies that have been paying dividends to their shareholders for at least 20 years straight. In addition, each eToro client can build his own portfolio or copy one from more experienced traders using the CopyPortfolios service.
Useful services by eToro:
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Market hours and events. This is a section on the official website of the broker featuring the trading hours for various instruments and also the dates of important market events.
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Dividend calendar. The calendar shows a list of companies that pay dividends to the holders of their shares. It also specifies the payment dates for different types of dividends – annual and periodic.
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Earnings reports. In this special calendar, you can find information about the expected reporting dates of companies with the highest market cap and the expected earnings per share (EPS).
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Demo account. You can use it to build a virtual asset portfolio, test the trading platform and the services of the company.
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eToro Club. There are five membership tiers: Silver, Gold, Platinum, Platinum+ and Diamond. Each tier provides members with certain privileges, such as withdrawal fee and exchange fee discounts, a dedicated Customer Success Agent, etc.
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ESG. The ESG scores help investors consider social, environmental and governance indicators and risks, which are not taken into account in the fundamental analysis. Depending on the level of company leadership in its sector, its stocks on the trading platform are lit with one of three colors – green, yellow or red.
A wide variety of assets are available: stocks, ETFs and stock indices.
Traders from the majority of European countries can start trading on eToro with USD 50.
The broker offers a user-friendly web platform and also Android and iOS mobile apps for market analysis and trading.
Margin trading and trading with leverage 1:30 are available on eToro.
The broker is regulated by respected financial commissions and participates in investor compensation funds.
Zero fee is applied exclusively for opening long positions on the US stocks. Other trading and non-trading fees charged by eToro are comparable to the indicators of other international stock brokers.
The eOption broker caters to traders with different professional qualifications
The eOption broker specializes in options trading, but also provides a full range of investment services to a wide range of clients globally. The broker offers commission-free stock trading, powerful trading platforms, competitive low margin rates, and real-time expert support. There are no mandatory minimum retirements for opening an account nor are there trading volume requirements. The eOption broker provides a training demo account and free training materials on options trading.
The broker offers its clients a proprietary eOption trading platform along with several third-party terminals such as Sterling Trader Pro and DAS. They are available in desktop and mobile versions and compatible with iPhone, iPad, and Android OS-based devices. They also work in popular browsers. The broker’s proprietary terminal is provided free of charge. Note that the minimum capital needed to employ the Sterling Trader Pro and DAS platforms is $25,000.
Useful eOption services:
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OptionsPlay. An online tool that increases the efficiency of options trading. It displays the historical analysis of thousands of stocks, buy and sell signals, has over 65 technical indicators, price action analysis, resistance, and support levels. It is provided free of charge for eOption customers. The fee for unregistered users is $500 per year.
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Charts. Charts are based on ChartIQ, Quote Media, OptionsPlay, and ETNA data. There are about 30 technical studies available. You can link the charts’ graphical display to the actual watchlists.
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News. Trading platforms display news feeds from Apollo News, GlobeNewswire, Quote Media, PR Newswire, Market News Publishing, Canada Newswire, Business Wire, Marketwired, UPI, and Fly on the Wall. You can sort news by topic, ticker, industry, or company.
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Third-Party Research from Hammerstone Markets. The clients of eOption get high-quality analytical materials, stock market news, and expert comments four times a day.
The broker offers proprietary trading platforms and professional Sterling Trader Pro and DAS terminals from third-party software providers.
Online trading is available from 8:00 to 9:28 AM for the premarket session and from 4:00 to 6:00 PM for the post-market session.
The company’s partners can get referral bonuses for attracting new customers. The reward amount is up to $100 for each referral.
The broker provides training materials and daily free analytics with comments and forecasts from stock market experts.
Clients have access to automatic trading based on signals from over 35 notification systems.
The eOption broker supports the following option types: Buy-writes, Spreads, Combos, Straddles/Strangles, Butterflies/Condors, Iron Butterflies/Iron Condors, and Rollouts.
Revolut focuses on working with all clients, regardless of their investment experience in the stock market
With this broker, clients can trade stocks of American and some international companies, cryptocurrencies, and precious metals. Social trading is also available. Thanks to that, inexperienced investors can use the services of professional traders from the public list, which is available to registered users. The Revolut social trading platform became popular not only because of the possibility of copying trades but also because it is a kind of forum where investors can communicate and gain experience.
For trading, the company offers a mobile application it calls Revolut App, which can be downloaded from Google Play Market or the App Store. There is no trading platform with charts, indicators, and other instruments for technical analysis. To make a transaction, you need to select a financial instrument and the type of order you want to place, and then send a request for execution.
Useful services of Revolut:
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Setting up notifications on the status of the deposit. The client is informed immediately in case of a critical decrease of funds or suspicious actions related to the account.
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Pockets is a service for the automatic distribution of funds on accounts.
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Social trading is a service for communication and copying transactions.
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Price warnings in the terminal are triggered when the value of an asset exceeds or falls below a pre-set level.
FCA controls the activity.
Lightning-fast, easy, and fully digital account opening.
Ability to open an account in one of 28 foreign currencies.
Access to automatic copying trades of successful traders.
Currency conversion is done at the current exchange rate.
Cryptocurrency trading is offered.
Round-the-clock customer support in the online chat.
After making a monthly subscription fee of £12.99, the limit on the number of free share transactions is removed.
M1 Finance is a self-trading broker
The M1 Finance broker is an ideal option for those who are ready to invest single-handedly. Clients are not offered consulting services, services for automatic conclusion of transactions, or investment programs in which the investor can participate exclusively, materially, and transfer responsibility for capital management to a third party. To make investing simple and understandable for everyone, the company has developed its Pie system, which allows you to track portfolio returns and rebalance the portfolio in one click.
Trading operations are carried out on the broker's own platform. The company also offers mobile applications for iOS and Android, so that the user can manage the portfolio from a convenient device and place. There is no payment for using the application and trading platform on a PC.
Useful M1 Finance services:
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Borrow. The company provides an opportunity not only to invest but also to arrange loans with a low interest rate.
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Spend. Another huge plus of the M1 Finance broker is that clients can pay with a card issued by the broker. This card allows you to replenish your trading account without fees, as well as pay for purchases wherever Visa cards are accepted.
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The Investor's Mindset. This is a monthly newsletter with useful information for investors. The broker also offers to subscribe to Mini Mindset and receive newsletters every week.
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Newsroom. In this section, customers can read the latest mentions of the company in the press, as well as read press releases.
No fee for making trading operations.
The company provides account types for different forms of ownership.
You can conveniently contact the support team by phone call or in text format.
Holders of all types of accounts (except for the retirement account) can participate in the referral program and receive a financial bonus.
The broker offers a proprietary Pie system that can be used to optimize the investment process.
SoFi Invest is the company for trade, investment, and financial planning
SoFi Invest is an investment product that offers two types of accounts. The first of these is an active trading account that allows traders to buy securities and cryptocurrencies. The second type of account is an investment account controlled by a robot advisor, which offers users portfolios that are pre-created taking into account the level of risk and available capital. Clients of SoFi Invest have access to planning and wise investing guides, various types of calculators, and daily newsletters.
The broker does not use terminals of third-party software developers but offers a proprietary platform adapted to the various needs of its users. The terminal is presented in two iterations - web and mobile. A desktop version is not available. Through a single application, the company’s clients can manage cash, savings, and investment accounts, as well as arrange loans, credits, and mortgage loans.
SoFi Invest’s useful services:
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SoFi Daily Pod. Daily podcasts of stock market news and events to listen to on the SoFi app or on Apple, Spotify, and Amazon.
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Investing 101 Center. A section with information about investing, which will be useful to both beginners and experts.
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Calculators. The broker’s website has special tools for calculating investments, the number of debt payments on loans, and mortgage payments.
The minimum deposit to start trading and making passive investments starts from $1.
There are zero commissions for trading stocks and ETFs and automated asset portfolio management.
There is a referral program and a SoFi Member Rewards loyalty program. The company also periodically offers bonuses for the first account deposit.
Clients get free access to certified financial planners.
Cryptocurrency trading is available 24/7.
All trading and financial operations are performed by clients via an application - a proprietary terminal developed by Social Finance, Inc.
Summary
In this review by TU analysts, you will learn about the features of trading apps offered by different brokers. The article focuses on 5 brokers with top mobile apps. The analysts studied several key criteria that need to be considered when you are choosing a mobile app. The review of these criteria will provide you with maximum information about the broker offering the mobile app.
Below, TU experts prepared a table with scores for the Best Stock Trading App for 2024 to help you determine the best company for trading.
| eToro | eOption | Revolut | M1 Finance | SoFi Invest | |
|---|---|---|---|---|---|
|
Overall score |
9.4 |
9.3 |
9.5 |
8.9 |
8.8 |
|
Execution of orders |
9.1 |
9 |
9.2 |
8.6 |
8.5 |
|
Investment instruments |
9.7 |
9.6 |
9.8 |
9.2 |
9.1 |
|
Withdrawal speed |
9.5 |
9.4 |
9.6 |
9 |
8.9 |
|
Customer Support work |
9.3 |
9.2 |
9.4 |
8.8 |
8.7 |
|
Variety of instruments |
9 |
8.9 |
9.1 |
8.5 |
8.4 |
|
Trading platform |
9.8 |
9.7 |
9.9 |
9.3 |
9.2 |
|
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FAQ
Is it possible to register with a broker using the mobile app?
Yes. Brokers provide an opportunity to open an account and pass verification directly in the mobile app.
Are there versions of the apps for tablets?
In some cases, Forex brokers develop separate versions of apps for smartphones, tablets and even for TV sets.
If I remove the app from my phone and then reinstall it, will I lose the information?
No. The information is stored in the user account on the server. You will need to enter your username and password, pass two-factor authentication (if applicable) and you will have full access to your information.
How are the apps protected against unauthorized access?
As a rule, in addition to the username and password, other security measures apply, for example two-factor authentication. In this case, you will need to enter a unique code to access your account.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.