Today each of us can try ourselves in stock trading. To do this, you do not need to start a personal broker and learn exchange trading. All you need is to download stock trading apps and manage them from your phone at any time convenient for you.
Let's start everything in order.
A good stock trading application is always easy to use, has straightforward functionality, provides a form of customer support, and makes it easy to transfer money from your bank account to your brokerage account.
Any company that offers mobile application development services today strives to create such software for stock trading that will be safe and convenient even for beginners.
It doesn't take a lot of knowledge to trade stocks through apps on your phone today. However, the wide variety of stock trading apps can be confusing for newbies. In this article, we take a look at the best stock trading apps in 2021.
TD Ameritrade is excellent for beginners and non-system traders who want to manage their investments from their phones.
You can access both apps with a TD Ameritrade brokerage account with no minimum balance requirements and no commissions for trading stocks and ETFs. Fully featured apps combine critical account management and trading functions, whichever one you choose. Forbes names TD Ameritrade as the best broker in August 2021.
This app is perfect for those who specialize in long-term and retirement investments. This application has a full range of services supporting a wide range of account and investment types.
Fidelity Investments is an app that includes everything you need to manage your Fidelity investment accounts and close deals. It doesn't have as many advanced plotting features as some competing mobile apps, but that's good for beginners.
The key feature of Fidelity: You do not need to have a minimum deposit.
It is a platform that works without commissions and minimum deposits. Therefore, users will not need significant cash investments to start investing. By itself, this app is a technologically oriented trading application that is best suited for stock traders with at least some experience.
There are not many educational features in Webull, but it has enough useful features. Active and experienced traders will love the advanced charting capabilities and additional add-ons for advanced quote data.
Webull is almost entirely free. There is no commission in the app for any trades, including stocks and ETFs.
With its niche options and features set up for options trading only, as well as limited fees, this app is our top choice for options trading. On the downside, the paid version is quite expensive, and there are not so many educational materials compared with similar applications.
The mobile app is best for traders who have experience with options as many features can be distracting and overwhelming to novice traders.
This application offers handy tools to help you learn more about promotions and put them into practice in one application. There are low commissions to work with, and you can easily trade full or fractional stocks.
SoFi offers loans, banking, and investments through a convenient mobile app. It is ideal for investors looking to learn about stock trading. This brokerage company offers commission-free trades and fractional shares (she calls them "Stock Bits") on an account with a low $ 1 minimum balance.
It means that more and more people want to get acquainted with investing in stocks and the easiest way to do this is through a mobile application. Everyone has different trading goals and experience levels, so it is essential to consider your stock trading experience and how you plan to invest when choosing a brokerage and stock trading application.
The most important places to look out for are fees, assets traded, account types available, and ease of use of the platform. You can also try trial versions of several applications and see which one suits you best.
Author's bio: Anastasiia Lastovetska is a technology writer at MLSDev, a software development company that builds web & mobile app solutions from scratch. She researches the area of technology to create great content about app development, UX/UI design, tech & business consulting.