7 Free Stock Trading Apps In 2024

Is free stock trading possible?

Yes. Free stock trading is possible, as most of the best stock trading apps offer this type of trading, otherwise known as commission-free trading. Furthermore, these brokers offer a variety of account types, user-friendly platforms, and more, in addition to free trading apps. It is crucial to assess the broker's additional services, including the trading platform, option contract fees, and investment selection.

You should consider the advantages and disadvantages of free stock trading before deciding if it is the best choice for your investing requirements.

Note: Before choosing a brokerage or trading platform, read the fine print and comprehend the entire fee structure. Recall that stock investing involves risk, so it is critical to base your investment decisions on your risk tolerance and financial goals.

The best free trading apps for stock trading

The broker you choose is crucial, regardless of whether you want to trade a few options contracts or buy and sell a few stocks. Below are 8 of the best free stock trading apps, typically offering $0 account minimums or low minimum requirements, commission-free trading, investment education, and flexible customer support. Below are 7 of the top free stock trading apps you can trust for your stock investments.

eToro - stock trading platforms: eToro WebTrader, eToro mobile App

eToro Review

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.

EToro, a well-known and elite stock trading platform, has established itself as a one-stop stock platform for individuals seeking investing knowledge. This platform stands out due to its social trading platform, enriched modern and sleek application, easy-to-use and secure interface, and extensive educational resources. For novices seeking reliability, this is the best free stock trading app.

With a strong focus on security, regulation, and transparency, EToro is one of the best free stock trading apps, making it the favorite trading platform for veteran and novice traders. A very useful feature for new traders who want to learn from actual people's experiences without having to pay advisors exorbitant fees is eToro's social hub, where investors can discuss markets or exchange information.

Along with trading CFD shares, eToro allows fractional shares and offers top-notch services on its mobile app and web platform.

eOption - stock trading platforms: eOption web, eOption mobile app, eOption pro

eOption Review

Open an account

Your capital is at risk.
Via eOption's secure website.

eOption is another broker that provides traders with a free trading app. It is a multi-asset investment platform that lets you invest in the most well-liked markets worldwide. Leading regulatory bodies like FINRA and SIPC oversee eOption, which offers trading instruments including stocks, options, bonds, ETFs, and fixed-income instruments.

eOption provides low trading commissions, lightning-fast order execution, and cutting-edge platforms with a comprehensive suite of analytical tools. It serves as a mediator in deals involving standard stock classes and an authority on options trading.

Additionally, there are no minimum deposit requirements for cash trading accounts opened by US residents, and this broker offers low commissions for trading options. Quick assistance via phone and live chat on the trading platform during regular business hours.

Robinhood - stock trading platforms: Robinhood app

Robinhood Review

The next free trading app on this list is Robinhood, and it offers a great user interface, multiple investment options, and no commission fees. Robinhood's excellent trading platform is perfect for novice investors looking for a reliable place to invest. This broker is a pioneer in the field of zero-commission trading for stocks, ETFs, options, and even cryptocurrency.

In addition to not levying a per-contract fee or charging flat commissions on options trades, Robinhood also boasts a competitive fee schedule. It supports fractional shares. Using just $1, investors can purchase fractional shares of thousands of stocks through Robinhood. With the fractional share feature, traders do not need to have a large amount of capital to create a diversified portfolio. Robinhood is the best option for traders who want to reduce costs or move to a commission-free stock trading model because it only has a $0 account minimum.

Degiro - stock trading platforms: DEGIRO WebTrader

DEGIRO Review

DEGIRO could be the ideal option for investors seeking a free, simple, affordable, and safe stock trading app that provides access to the largest international markets. While DEGIRO is among the best free stock trading apps, the well-designed DEGIRO user interface allows users to see the precise costs of a trade before submitting an order.

DEGIRO has few additional fees and provides low-cost stock trading on numerous US and European exchanges. In comparison to other well-known online brokers, DEGIRO charges significantly lower fees for trading individual stocks in the US, Europe, and the UK. If you trade just once or twice a year, you do not need to worry because opening an account is simple, and there are no minimum deposits or inactivity fees.

There is no withdrawal fee for US stocks, but trading US options or futures entails a €5 monthly fee.

E*TRADE - stock trading platforms: Power E*TRADE, E*TRADE Website

ETrade Review

E*TRADE is among the best free stock trading apps that simultaneously fulfill the trading requirements of active stock and option traders. With thousands of mutual funds tradable with no transaction fee, the numerous trading platforms and $0 online stock and ETF commissions appeal to long-term investors. It offers services following guidelines set forth by FINRA, SIPC, NFA, FDIC, and the US Securities and Exchange Commission (SEC).

With no minimum account requirements, novice traders can benefit from $0 commissions on online US-listed stock, ETF, mutual fund, and options trades. E*TRADE provides mutual fund investments and trading in stocks, options, futures, bonds, and exchange-traded funds (ETFs).

E*TRADE (available only to US clients) offers a fully digital and user-friendly account opening process, but the account verification process takes a while.

Fidelity - stock trading platforms: Fidelity Active Trader Pro

Fidelity Review

Another well-liked free trading app is Fidelity, which offers a variety of investment options along with a user-friendly mobile interface. It features an excellent mobile app suitable for novice and experienced investors, plus commission-free online stock and ETF transactions. Once more, this broker is a good choice for investors looking for trading apps that will save them money on regular trades of stocks, mutual funds, ETFs, and options.

Fidelity is an affordable broker because it offers mutual funds, a zero-expense-ratio index, and $0 account minimums. It also combines first-rate research and an outstanding mobile app. With a minimum of just $1 per stock or ETF, investors can purchase and sell fractional shares of the company. As an illustration, traders can purchase 0.001 shares of Amazon.com.

Charles Schwab - stock trading platforms: thinkorswim, StreetSmart Edge®, Schwab.com

Review

Charles Schwab is the next best stock broker; it offers traders free trading apps. This stock broker has reduced mutual fund fees, eliminated account fees, and removed per-trade commissions to support seasoned or novice investors making their first trade. Thus, opening an account at Charles Schwab and trading stocks, ETFs, and funds is among the most economical choices.

The extensive range of investment options, account kinds, and excellent apps completes the stacked feature set. This is the greatest free stock trading app, with a $0 account minimum, $0 stock, and fractional share investing options for ETF trades. With as little as $5, investors can purchase fractional shares of any S&P 500 stock through the fractional share option. Once more, Schwab's mobile app is among the greatest that a large brokerage house has to offer. Research has indicated that the ratings for its iOS and Android apps are above average, which is consistent with its robust online trading, account access, and management experience.