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7 Best Apps for Stock Trading in 2021

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If you want to know how to manage your money by taking a more hands-on approach to active stock trading, then you’ve come to the right place. The easiest way to perform stock trading is to use an app that runs seamlessly on your mobile device. Not only will it allow you to stay updated regarding all the latest market trends, but it will also help you to make important and quick decisions efficiently.

Choosing the best app to trade stocks is no less than a challenge because there are so many online brokers that offer apps for stock trading. Additionally, all of them claim that their app is the best, but the fact of the matter is that it entirely depends upon your unique needs. If you're a seasonal investor, you need a different app from the one that suits beginners the best. That's why we have come up with this detailed guide that contains seven apps for stock trading. We chose these apps after comprehensive research, and we made sure that each app in our list offers the best tools and features. We recommend you read this article carefully to choose the best app to trade stocks depending upon your trading goals and requirements. Let's get started.

What Is a Stock Trading App?

Before jumping into the list of the best apps for stock trading, let's first discuss what a stock trading app is. In simple words, a stock trading app is an online platform that allows you to trade stocks. Moreover, stock trading is the practice of buying and selling stocks to capitalize on the price fluctuations in the short term. It means that stock traders try to earn profit in the next hour, week, or month by frequently buying and selling instead of holding the stock for years. Essentially there are two main types of stock trading which are as follows:

  • Active Trading: In this type of stock trading, an investor places at least ten trades in a single month.

  • Day Trading: In day trading, an investor places at least four trades in the span of five business days, and it must also be more than six percent of the investor's total activity.

Optional:

If you want to learn more about day trading platforms, you can read our dedicated article here.

How can trade fees be reduced?

How can trade fees be reduced?
  • 1. Register at tradersunion.com website.

  • 2. Open an account with a broker from Traders Union ratings list.

  • 3. Add the number of your account to your Personal Area at Traders Union website.

  • 4. Get the cashback of commission for each trade.

Here are our seven best apps for stock trading that you can choose. Keep in mind that it’s important to read all the apps along with their features and fee structure so that you can make the right decision to meet your both short-term and long-term investing goals.

1

Interactive Brokers: Best overall

When it comes to your overall stock trading experience, Interactive Brokers takes the lead. The mobile app that the company offers allows you to open new positions and assess the stock market on the fly. It comes with a wide range of indicators, responsive and informative charts, and impressive research tools. Interactive Brokers is undoubtedly a step ahead as compared to all the other mobile apps for stock trading.

Commission and Fees:

  • Commission: 4 dollars in total (2 dollars when opening a position and 2 dollars while closing)

  • Account minimum: 10 dollars

  • Withdrawal fee amount: 0.00 dollars

Features:

  • Regulated by SEC and FCA

  • Charting offers around 300 technical indicators.

  • Supports staggering 22 different base currencies

  • Comes with a demo account

  • Advance strategy testing features

  • Offers Stock, Structured Products, Warrants, Crypto, CFD, Futures, Options, Bond, Fund, Forex, ETF

  • Tons of educational material

  • Notification and alerts

? Pros

  • • Low trading fees

  • • User-friendly, fast, and responsive application

  • • Great research tools

? Cons

  • • High forex fees

  • • Fewer features on the mobile app as compared to desktop or web version

  • • Complicated registration process

2

TradeStation: Best App for Active Traders

TradeStation is one of the leading applications in the stock trading industry. One of the best things about this application is its safety and security features. It also comes with low fee levels and offers real-time stock market updates, which makes it the best app for technically-minded and active traders.

Commission and Fees:

  • Commission: 0.00 dollars per trade

  • Account minimum: 2,000 dollars for margin accounts, 5,000 dollars for futures accounts

  • Withdrawal fee amount: 0.00 dollars

Features:

  • Regulated by FINRA and SEC

  • Real-time market updates and Dynamic research tools

  • Supports 9 base currencies

  • Customizable charting

  • Offers demo account

? Pros

  • • Range of educational tools

  • • Low fees

  • • Reliable and fast and responsive app

? Cons

  • • Customer service is relatively weaker

  • • Withdrawal and deposit operations are a little difficult

3

Tastyworks: Best suited for option traders

Tastyworks is the best for people who are looking for an application that offers the best options trading experience. It performs all the promised functionalities in the most efficient and effective manner. You must be wondering why it’s on this list if it’s best for options trading. That’s because you can find many options which are based on the movements of stock prices.

Commission and Fees:

  • Commission: 0.00 dollar per trade

  • Account minimum: 0.00 dollar

  • Withdrawal fee amount: 0.00 dollar

Features:

  • Regulated by SEC, ASIC, FINRA, etcetera

  • Supports 1 base currency

  • Offers multiple account types

  • Offers Options, Stock, Futures, ETF

  • Great research tools

? Pros

  • • Low trading fees

  • • No inactivity fees

  • • Low ETF and stock fees

? Cons

  • • Doesn’t offer a demo account

4

eToro: Best Application for Beginners

eToro is also one of the safest and most efficient applications for stock trading. It also offers a seamless and fast account opening experience. It's one of the pioneer apps, and it has been working and expanding successfully since 2007. The cost of using this application is also very low, and the minimum transaction limit is 125 dollars.

Commission and Fees:

  • Account minimum: 200 dollars

  • Withdrawal fee amount: 5 dollars

Features:

  • Regulated by CySEC, FCA, ASIC, etcetera

  • Supports 1 base currency

  • Offers Stock, Forex, CFD, ETF, Crypto

  • Offers demo account

  • Users can deposit through an electronic wallet

  • Takes only one day to open the account

  • Offers 15 different types of cryptocurrencies

? Pros

  • • Low trading fees

  • • Free stock trading

  • • Low CFD and forex fees

? Cons

  • • High non-trading fees

5

AvaTrade: Best Application for Charting

AvaTrade was launched back in 2006 when it was known as AvaFX at that time. The account minimum to start investing in this application is 100 US dollars, and the educational and informative material that this platform offers allows the users to get up to speed very quickly. Other than the application, the company also offers a dedicated website for research and educational purposes that contains tons of videos, courses, articles, and market analysis.

Commission and Fees:

  • Commission: 0 dollar per trade

  • Account minimum: 100 dollars

  • Withdrawal fee amount: 0 dollar

Features:

  • Fast research and education tools

  • Regulated by the Central Bank of Ireland

  • Offers demo account

  • Supports five different base currencies

  • Offers stocks, crypto, forex, and CFDs

? Pros

  • • Great research and education features

  • • Free deposit & withdrawal options

  • • Fast trading execution

? Cons

  • • High inactivity fees

  • • Average forex fees

6

TD Ameritrade: Best All-rounder

TD Ameritrade offers two different applications to its users, which are Thinkorswim Mobile and TD Ameritrade Mobile. Both of them are great for stock trading. If you want basic trading experience, then we recommend you go with TD Ameritrade Mobile App.

Commission and Fees:

  • Commission: 0.00 dollar per trade

  • Account minimum: 0.00 dollars

  • Withdrawal fee amount: 0 dollar

Features:

  • Regulated by CFTC, FINRA, SEC

  • Offers demo account

  • You can trade Stock, Forex ETF, Bond, Fund, Futures, Options, Crypto

  • Charges no inactivity fee

  • Takes 1-3 days for account opening

? Pros

  • • Low trading fee

  • • Great customer support

  • • Great mobile application trading experience

? Cons

  • • Offers only the US markets

  • • No credit or debit cards and no electronic wallet is supported for depositing money

7

E*TRADE: Best for Professionals

E*TRADE application comes with stable and reliable systems regardless of your trading requirements and transaction volume. That’s why it’s one of the most attractive applications for stock trading for professional investors.

Commission and Fees:

  • Commission: 0.00 dollars per trade (0.65 dollars per options contract)

  • Account minimum: 0.00 dollars

  • Withdrawal fee amount: 0 dollar

Features:

  • Regulated by FINRA, SEC

  • Offers demo account

  • Charges no inactivity fee

  • You can trade Stock, Fund, ETF, Options, Bond, Crypto, Futures

  • Takes 1-3 days for account opening

? Pros

  • • Free ETF and stock trading

  • • Low non-trading fee

  • • Some bonds and mutual funds are also free

? Cons

  • • Slow account verification

  • • Debit or credit card not available for withdrawal or deposit

Compare the Best Day Trading Platforms

Name Approves Clients From Commissions Account Minimum App Rating

1. Interactive Brokers

Best overall

Open Account
Approves Clients From: Europe, Asia, Africa, and Latin America Commissions: 4 in total ($2 while opening a position and $2 when closing) Account Minimum: $10 App Rating: 4.5

2. TradeStation

Best App for Active Traders

Open Account
Approves Clients From: Malaysia, United Kingdom Commissions: 0.00 dollars per trade Account Minimum: 2,000 dollars for margin accounts, 5,000 dollars for futures accounts App Rating: 4.7

3. Tastyworks

Best suited for option traders

Open Account
Approves Clients From: Mostly the whole world Commissions: 0.00 dollars per trade Account Minimum: 0.00 dollars App Rating: 4.0

4. eToro

Best application for beginners

Open Account
Approves Clients From: Globally
67% of retail CFD accounts lose money
Commissions: 1 dollar per trade Account Minimum: 200 dollars App Rating: 5.0

5. AvaTrade

Best for charting

Open Account
Approves Clients From: Globally Commissions: 0.00 dollars per trade Account Minimum: 100 dollars App Rating: 4.5

6. TD Ameritrade

Best All-rounder

Open Account
Approves Clients From: The United States, China, Singapo- re, Hong Kong, and Malaysia Commissions: 0.00 dollars per trade Account Minimum: 0.00 dollars App Rating: 4.9

7. E*TRADE

Best for Professionals

Open Account
Approves Clients From: Globally Commissions: 0.00 dollars per trade (0.65 dollars per options contract) Account Minimum: 0.00 dollars App Rating: 4.5
GO TO BROKERS COMPARISON

Other Useful Apps for Stock Trading

Other than the apps that we have mentioned above in detail, there are also some other brokerages that you can use. Here are some of our honorable mentions, along with the reason as to why you should choose them

TradingView: Best for Researching

If you’re looking for the best stock trading app for research and education purposes, then there is no better option than TradingView. It offers tons of features that you can easily access from your profile's main page, even on your basic account.

Commission and Fees:

  • Commission: 0.00 dollars per trade

  • Account minimum: 0.00 dollars

RobinHood: Best Low Cost

RobinHood is a low-cost trading application that is also known as a zero-fee discount broker. It offers fully digital and easy account opening and offers multiple account types. If you want to start trading with the least possible amount, then this app is your best choice.

Commission and Fees:

  • Commission: 0.00 dollars per trade

  • Account minimum: 0.00 dollars

Wealthfront: Best Automated Functionality

If you’re looking for a stock trading app that offers the best automation, then you should go for Wealthfront. It’s a complete package that offers seamless investing, banking, planning, and goal-setting experience, all within a single user-friendly and elegant mobile app.

Commission and Fees:

  • Commission: 0.00 dollars per trade

  • Account minimum: 500 dollars

Ally: Best for Banking Products

If you’re interested in banking products, then Ally could be a great option as it offers an investing/bank combo. Although it’s not the best when it comes to diverse and advanced features, it covers almost all of your investing needs.

Commission and Fees:

  • Commission: 0.00 dollars per trade

  • Account minimum: 0.00 dollars

How to Choose Apps for Trading Stocks

There are many important factors that you need to consider before choosing the best application for stocks. Here we have listed the most important ones that will help you to make your selection procedure easy.

  • Step 1.

    Figure out your goals and requirements.

    The first and probably the most important thing is to list down your personal needs. For example, if you’re beginner trading stocks then you’ll need an app for a stock market that offers educational and research material.

  • Step 2.

    Narrow down the list.

    Once you have a list that contains all your investing needs, the next step is to find some of the most reputable applications that match your list.

  • Step 3.

    Compare the candidate applications.

    Now, you need to compare all the features and tools that each candidate application offers. You also need to compare their pricing and fee structure to make sure that you finalize the best app for buying stocks.

  • Step 4.

    Test the finalized application(s).

    Keep in mind that it’s better to have two or three final candidate applications that you want to test. Most of the applications offer a free demo account that you can use to test all the offered functionalities. This way, you'll figure out the best app for trading that perfectly fulfills everything you need.

These are some of the most important considerations that you need to keep in mind before choosing the best application for stocks.

Pro Tip:

it’s also vital to test the customer service of the brokerage application you’re interested in. Never choose an application that doesn’t offer a great customer care experience because you don’t want your queries lingering on for a long time once you’re in the middle of your stock trading.

Stock Trading Apps Review from Expert

Matt Frankel, who is a certified financial planner, suggests that Interactive Brokers stands out in offering stock trading services. Not only does it offer the lowest possible margin rates and commissions, but it's also a robust and solid stock trading application. You can get your hands on it regardless of the level of your expertise. He also suggests that if the best option for you is:

You want to keep a large balance.

You want to keep your expenses low

You want to use margin

If you don’t want to hold the stocks for a long time

Matt Frankel,

CFP: Interactive Brokers

Reviews from Stock Traders

The majority of the reviews from TradeStation customers suggest that it’s one of the best applications for stock trading. It offers quick updates and real-time latest market trends, which makes it the best app for active traders. Some customers also say that their customer service is also a little slower. It doesn't mean that your queries aren't answered, but it takes a little time. Moreover, the customer care representatives are also technically sound and guide you in the right direction.

Christopher Flynn

about TradeStation


The customers of Tastyworks suggest that it's the best application for options traders. Moreover, their customer service is also up to the mark as the customer representatives are responsive and helpful. But some of the reviews suggest that as compared to the other platforms, the customer representatives of Tastyworks are not highly expert, and their withdrawal fee is also a bit higher relatively.

Bartholomew Cameron

from Tastyworks


eToro is one of the oldest and most successful online stock trading apps that offers a transparent, easy, and user-friendly trading experience. The customer reviews suggest that it offers very useful and valuable informative and educational material that makes it the best stock trading application for beginners. Moreover, the icing on the cake is its social media community which also helps the investors to perform better.

William Goodman

eToro

FAQs

Can I buy only one share?

You can even buy a fractional share which is less than one full share. It means that you’re not restricted to any minimum number of shares to buy.

How many shares of stock should I buy?

There is no solid answer to this question as it depends upon your current situation. You can consider the following to find the right answer.

How much money can you spare on investing?

Whether you want to put all your investments into the desired stock or you’re looking forward to diversifying your portfolio.

If there are any online brokerage or commission fees that you need to pay.

Is it important to diversify my portfolio?

Yes, it's one of the most important factors to become a successful investor. Not only does it minimize the risk factor, but it also allows you to generate more returns.

Is online stock trading safe?

According to critics and experts, online trading is not only safe as all your transactions are protected, but it also makes your stock trading experience more effective and efficient. But one thing that you need to keep in mind is to choose a reliable and reputable online stock trading application.