It is fundamental for starters or beginners in stocks trading to know the best choices of apps for stocks trading. Undoubtedly, there are so many of those apps these days. It often confuses beginners to choose one which will eventually become the ultimate tool to thrive in the trade itself. Fortunately, some of those apps are friendly for beginners. It means that anyone can get up to speed immediately when incorporating the appropriate apps. So, what are the apps to consider for starters on this?
Recommended Apps for Stocks Trading for Beginners
1. Webull
Webull is undoubtedly one of the best trading apps for cryptocurrency, especially for newcomers. It comes to this specific world of trading in 2018 to challenge other well-settled apps. Few things make it perfect for a beginner. It comes with commission-free trading for stocks, ETFs, crypto, and options. It gets even better since it comes without any account minimum required in any case. Thus, anyone who has just started trading does not need to worry about those expenses.
Furthermore, the apps even give free stocks frequently for a variety of promotions. Many traders consider this app as either a free service or low-cost stocks trading app. The developer is capable of providing it that way because it makes money from other things. Margin loans, Payment for Order Flow, and interest on some services are how it makes money. There are several powerful tools in Webull that can be beneficial even for an in-depth stock trading analysis.
2. Moomoo
The next recommendation on the best choice of applications for beginners to use in stocks trading is the so-called Moomoo. It comes as another commission-free platform for trading stocks, options, and ETFs. More importantly, this app is an all-in-one app that will make it highly beneficial for beginner traders. Apart from the free commission for the trades, it also comes with free Level 2 data and stock charting software. Some users consider it as a tool that comes in a professional-grade app.
Real-time data of the stock market is the main focus of the app to provide their traders. Of course, this particular data leads to potentially the best outcome the traders can expect. There is also 24/7 pivotal financial news curated by the editorial team of the app for its traders. This app is rich in powerful tools which makes it one of the best apps for stocks trading for beginners. New users can even get some free stock after signing up to use the app.
3. Robinhood
Without a doubt, Robinhood is already known as one of the best stock trading app for beginners. It comes as the first app that offers commission-free trades. Of course, other apps eventually follow the lead that comes from this app. This app is the place to trade stocks, options, and ETFs, and invest in penny stocks as well. Thus, it comes with a vast array of things to consider before securing a trade. It gets even better for beginners since it has no minimum requirements for the accounts.
Concerning the security aspect of Robinhood, it comes with the so-called Securities Investor Protection Corporation coverage in its entire accounts. The user interface and design are straightforward making it easy for starters to learn many things in no time. Furthermore, it comes with both desktop and mobile access. Of course, the mobile version comes on both Android and iOS devices. That increases the convenience of using this app even for beginners.
Read also: 5 Best Trading Apps in UK to Earn Money
4. SoFi Invest
Lastly, beginner traders who are searching for the best trading app to earn money quickly need to check SoFi Invest. It allows users to trade stocks and ETFs while investing in Crypto at the same time. The app comes from an already famous brand in the field of personal finance space. It even comes with the so-called automated investing tools for those who want to learn about it in the first place. Yet, it allows users to either stand back or trade actively through that particular feature.
The app comes to complete the aim of the company to improve the financial situation of its customers. Thus, trading stocks and investing are among the ways to reach that particular goal. Of course, it comes without account minimums, trading fees, and commissions. This app also allows its users to invest in Stock Bits. Just as any other app in the business, it is available to access via desktop and mobile apps on both iOS and Android devices.
5. The Verdict
It can be an overwhelming task for a beginner in the stock trading world to find the best app for it. Nevertheless, it turns out that there are some beneficial apps for beginner traders to improve their skills in this type of trade. With the understanding of the best apps for stocks trading especially for beginners, it will not be a difficult thing to do and to get the best outcome from the trade.