Finding the best stock trading apps can be a good start for stock trading and here are some recommendations to consider.
7 Stock Trading Apps That You Should Install
1. Interactive Brokers
If you are looking for the best overall trading app, Interactive Brokers can be the right choice for you. The fee for trading is considered low. You have to pay a total of four dollars commission that is shared equally for opening and closing positions. To be able to trade, you only need 10 dollars of minimum account. A zero withdrawal fee amount will be another great benefit of this app. This app might be packed with features but it is fast, responsive, and user-friendly. It even comes with great research tools.
However, you might want to think twice before using this app for forex trading since the fees are pretty high. This app is available for desktop, web, and mobile versions. Unfortunately, the mobile app version comes with fewer features. The registration process is complicated, as well.
Read also: 5 Best Trading Apps for Cryptocurrency with the Best Trading Fee
2. TradeStation
Some apps can be great for beginners, but they will not be a great choice for active traders. Active traders will need an app like TradeStation. This app should be chosen by active traders because it comes with great safety and security features. Trading with this app is free from the commission. Yet, you need 2,000 dollars of minimum margin accounts and 5,000 dollars of minimum futures accounts. The withdrawal fee is free, as well. Besides low fees, this app also comes with educational tools along with fast, reliable, and responsive performance.
Unfortunately, you might feel frustrated when you try to contact customer service. Although you can withdraw with no fee, the operation is a little bit difficult just like when you want to deposit for trading.
3. Tastyworks
Do you prefer options trading? Are you looking for the best stock trading apps for options trading? Tastyworks is the app for you. Using this app will be all about efficient and effective functionalities. This app will free you from the commission, account minimum, and even withdrawal fee. You do not have to pay an inactivity fee, as well. If you want to trade stock and ETF, the fee is also pretty low. This app might be the best choice for options trading, but it is included in this list because it provides many options based on the stock price movements.
The only drawback you can find from this app is that you cannot find a demo account for the trial.
4. eToro
If you are a beginner in stock trading, the best app for you must be eToro. Why can beginners find this app beneficial? This app can be considered one of the most efficient and safest options available. The process for opening an account is fast and seamless. This app has been in this industry since 2007 which can represent its reliability. You need 200 dollars account minimum to trade on this platform. Anytime you want to withdraw your money, you have to pay five dollars fee. Stock trading can be done for free, while forex and CFD trading comes with low fees. However, you have to be ready with high non-trading fees.
Read also: 6 Best Free Trading Stock Apps In 2022
5. AvaTrade
AvaTrade was launched as AvaFX in 2006. This is the best app choice for charting although you do not know whether it is one of the best trading apps for cryptocurrency or not. One thing is for sure, this platform comes with educational and informative materials for users. You need to have a $100 account minimum if you want to start investing. However, you are free from commission and withdrawal fees. This app also comes with another great thing since it can execute trading quickly. However, beginners need to think twice about using this app since they might not trade often and the inactivity fees of this app are high. Meanwhile, it also comes with average fees for forex trading.
6. TD Ameritrade
TD Ameritrade is free from the commission, account minimum, and withdrawal fees which make it one of the best all-rounder trading apps. Users will find two app options for stock trading by TD Ameritrade, including TD Ameritrade Mobile and Thinkorswim Mobile. The first one is a recommended option for people who want basic trading experience. Besides low trading fees, this app also offers great customer support and a great trading experience on the mobile application.
Unfortunately, the great benefits of TD Ameritrade are only available for US markets. Depositing money can be a little challenging because it does not support debit cards, credit cards, or electronic wallets.
7. E*TRADE
Last but not least, if you are a professional trader who is looking for a stable and reliable system for any trading requirements and transaction volume, you will love E*TRADE. Zero commission, account minimum, and withdrawal fee make this app very interesting for many traders. The non-trading fee is low while a free option is available for some bonds and mutual funds.
Yet, you have to be patient when trying to trade with this app since its account verification is slow. You cannot deposit and withdraw with a credit or debit card, as well. Still, E*TRADE is on the list of the best stock trading apps.