The Best Stock Trading Apps

Trading Analysis Software

The rapid rise of the internet and technology has made mobile devices incredible platforms for traders that want to trade in the stock market. Most online brokerage services offer custom stock trading apps, and they continually update the apps’ features so that customers can deem them the best in the financial markets.

Merely put, stock trading applications are apps that traders can download into their smartphones or tablets and let them manage their tradement portfolio and trade stocks on the go. These applications are suitable for experienced traders, advanced traders, beginners, and other active stock traders. To maximize the potential of your stock trading app, you may want to hire a NinjaTrader programmer who can integrate the app with advanced trading tools and automated trading systems to help you make more informed trading decisions and execute trades more efficiently.

While there is a wide range of mobile trading apps for trading stocks, the best ones are easy to use, offer dependable customer service, charge affordable trading commissions, help traders meet their financial goals, and incorporate seamless payment methods. Read more about – Which are the Best Mobile Stock Trading Apps on Tixee.

Tips for Choosing the Best Stock Market App

The Apple Store and Android Play Store hosts thousands of stocks trading apps,and they all offer different features. While some of these stock trading apps are created by independent developers, others are developed by banks and online brokers.

When determining the best stock trading app for casual traders, active traders, passive traders, or even inexperienced traders, here are some of the factors to consider:

User Layout

Regardless of how the app works, the trading tools it incorporates, the included advanced features, and the range of stocks it offers, the app is impractical if it fails to provide the best user experience. Indeed, the best app for beginners is the one that is user friendly.

Affordable Trading Fees and Commissions

Traders that have previously interacted with online brokers already know that these brokers charge fees and commissions. However, for novice retail traders, it is sensible to pick an app that offers low commission fees to maximise potential profits.

Some apps charge an inactivity fee if one fails to use the application for a given period. Therefore, consider this aspect when picking a trading app.

Web Functionality

Some stockbrokers limit their application’s features, encouraging traders to make use of their desktop platform version. So, before signing up on a given application, ensure it includes all the functionalities, education tools, and desktop version features.

Knowledge Level

Some developers create apps to target advanced traders only. These applications comprise few educational resources and plenty of analytical features. Until one becomes confident enough to use advanced features, picking an app with easy-to-use guidelines is the best option.

Customer Support

Evaluate the support offered by the application as it varies between different apps. The commonly available support includes email, AI bots, and phone. Always opt for an application with a dependable support service.

Financial Objectives

Stocks are typical financial products that can help traders achieve their long-term and short-term goals. Stock apps are designed in a way that they fit either short-term or long-term tradements. As an active trader, pick short-term based applications. A long-term based app, on the other hand, fits a passive trader.

The Amount to Trade with

Besides considering the amount to trade, it is recommended to consider the additional costs. Although some applications provide commission-free trading, others set a minimum deposit that customers need to make before opening retail trader accounts. Also, there are some fees linked to transactions made through bank transfers, credit cards, debit cards, and other payment modes.

Additional Features

Some stock trading applications comprise news alerts and economic calendar features. Others offer educational tools and forums where traders discuss their trading strategies and issues. Choose the app with the most trade selection features.

Are Stock Trading Applications Safe?

The increase in smartphone usage benefits all traders, be it the financial market or the corporate sector. Conventionally, the financial market has been about registering at an online broker and then trading on shares of stocks, mutual funds, fractional shares, exchange-traded funds (ETFs), stock bits, and other trade assets based on forecasts, filters that track stocks, and major news in the international markets.

The advancement in smartphones proves valuable to stock traders as they no longer spend much time glued to their screens. Trading stocks via mobile devices seems to be a ground-breaking invention that has taken the trading world by storm. Thus, almost all stockbrokers have devoted themselves to offering their customers mobile trading platforms.

Pros of Stock Investing Apps

Due to the high range of trading apps, it’s sensible for traders to learn the advantages and disadvantages of trading through apps. Here are the pros of using stock trading  apps:

Inventive Charting

Charting tool features, such as 3D touch and picture in picture, offer valuable insights to customers. They also keep them engaged.

Data and Analytics

For traders accustomed to conventional screen-based trading for data and stock filters, it is worth noting that trading apps mimic the same on the phone. With this, traders can quickly sport market prospects and make precise trading decisions.

Trading on the Go

The ability to trade on the go is one of the reasons why traders opt to trade on these apps. Based on the prevailing market conditions, traders can effectively buy or sell while on the go.

Many Trading  Options

Besides the apps being exceptional for trading stocks, they are helpful for ETF trades, and other options trades online brokers offer.

News and Analysis

Stock market applications are popular for giving insightful news and analysis all day long. This information keeps traders informed about the important events to make trading decisions that sync with the market events.

Great Security

Trading applications are developed with the user’s security in mind. Provided the app is reliable and trustworthy, it comprises encrypted firewalls to prevent frauds and assure safe transactions.


Although some trading applications comprise a few drawbacks, it’s notable that this mostly comes down to the specific company responsible for developing the app. Some potential downsides include Unimpressive tools, delayed stock quotes, and an undesirable user interface.

Having said that, how does one tell that an app is safe now that most companies claim their apps are secure? Well, the best way is to read online reviews or check with friends for their experience with the concerned app.

What is the Price of Investing Applications?

When choosing a stock trading app, price is a huge factor, making it essential to identify what one is paying for. Ultimately hidden fees and costs can consume the prospective profit over time. Luckily, “most applications offer zero-commission trades and are free to download”, says CNBC.

However, trading in ETFs and mutual funds requires traders to pay expense ratios and management fees. “A reasonable expense ratio for an actively managed account ranges between 0.5% and 0.75%”, says Investopedia. When it comes to index or passive funds, the expense ratio is roughly 0.2%. It can be as low as 0.02% in some circumstances.

How Stock Apps Work

Trading apps offer traders a way to manage their portfolios and initiate stock trades from any location and at any time. Using these apps is simple  as traders only need to download the application onto a smartphone or tablet and create a trading  accounts profile.

The apps allow users to transfer trade funds from linked bank accounts. Following account funding and approval, one can start trading on individual stocks or other asset classes.

How to Use Stock Investment Apps Effectively

Preferably, traders need to access all trading asset classes available in a trading app. Although mobile stock trading platforms offer potentials, there are a couple of things that traders need to consider when trading through them. These include:

Consider the Minimum Balance Requirements

Most applications require a minimal amount to get started, and others offer commission-free trades, as said earlier. Even with no definite amount to deposit, the required amount of money depends on the stock assets that one wants to buy.

For example, a trader needs to deposit at least 1,000 dollars or more when trading  in mutual funds. On the other hand, ETFs cost much less. One can get started with a minimal amount, regardless of the share price of one stock, thanks to the availability of fractional stocks that let traders buy a portion of the stock.

It would be wise to evaluate the commission costs depending on the app that one intends to use. Reasonably active traders need to realise that the involved trading costs can accumulate over an extended period.

Fortunately, the best apps no longer charge fees for ETFs and stock trades. However, the others that charge require the traders to pay as little as five dollars per trade. What’s more, most apps abolished monthly fees.

Pick an Application Based on Investment Style

How one desires to trade is a point worth considering. Investors who wish to bank and trade all in one need to consider apps, such as the Charls Schwab, as it offers plenty of benefits. Interactive Brokers, on the other hand, are suitable for active traders.

Applications offering the most educational material, access to the best trading products, and any other helpful education resources are worthy considerations. In general, traders that like to follow market trends and make solid trading decisions need to join apps with plenty of research tools and extra features.

Use an App with Demo Accounts

Beginner traders should use apps with virtual money before opening a real money account. These applications help one learn with a demo account and also try out various trading strategies. Although stock trading is generally considered a safer option, it is advisable to utilise a virtual portfolio that uses real-time data to show the profit potential of one’s trade choices.

Avoid Buying Plenty of Shares

As a first-timer, it is wise to start slow and build the risk no matter what the broker recommends. Unnecessary losses are unavoidable when inexperienced traders start buying large stocks from the word go. Instead, start with small positions, gain experience, and later go big.

“It is advisable for individual traders to passively trade via the buy and hold strategy as opposed to stock trading individually as it reduces the trading expenses”, says Warren Buffett.

Contact the Support Team

Few trading apps have reliable customer support. Although there is progress in technology, there is still a long way to go, especially regarding the customer support people get from stock trading apps.

So, traders should call the support team of the application they plan to join and ask themselves the following questions: How fast did the team resolve the issues? How easy is it to get linked with someone on the line? How decisive is the given solution?

Honestly speaking, mobile trading platforms should ease the way traders trade on stocks. If the account lacks a live stockbroker, traders should assess their account security features.

Evaluate Security Issues with Trading Applications

This report published in 2017 shows that these applications have security concerns. According to the report, most of these security loopholes are present in smartphones, meaning that cyber attackers could sell off stocks, steal money, or even access traders’ personal data.

Thus, even if one joins a reputable trading application, it is possible to experience a couple of weaknesses. New traders need to remember this when searching for the best stock trading app—approximately 19% of stock trading applications use credentials, mainly passwords in cleartext.

Therefore, it is wise to assess the application’s security by reading online customer reviews, checking whether the app provides 2-factor authentication, and searching for any data breach news related to the app.

Watch Lists Availability

Commonly, popular trading apps come with this feature. The feature informs traders about the current trading price as well as the recent fluctuations in performance, be it a rise or fall. Most apps allow users to customise their watch lists. In such cases, traders can effectively track the performance of their favourite stock.

The Expert’s Advice on Picking the Best Stock Investment Application

After identifying the best trading strategy to incorporate, there are plenty of stock trading applications to help traders realise their dreams. If done correctly, trading in stocks offers considerable potential for success.

Whether one requires all the available options on apps or just experience how they work, traders should consider trading costs, mobile user experience, customer support, and security before opening a mobile trading account. Also, the trading types provided are worth consideration.

Best Stock Trading Applications Comparison

TD Ameritrade

TD Ameritrade is the best for beginners, and it offers an incredible platform, $0 trades, exceptional market research, and dependable customer support.


Fidelity is a popular online broker that offers excellent trading tools, $0 trades, a user-friendly mobile application, top-rated research, and thorough retirement services. The app is suitable for everyday traders.

Charles Schwab

With trillions of dollars worth of client assets, Schwab recognises how to offer value for money to their clients. Here, traders get plenty of trading tools, outstanding stock research, $0 trades, and high-quality financial planning services.

Interactive Brokers

Yet again, Interactive Broker is the ideal trading application for professional traders, thanks to its unbeatable margin rates and innovative desktop trading platform. Experts aside, this trading application also suits casual traders with its user-friendly web platform and $0 trades.


Since its launch in 1982, E*TRADE has been one of the best trading platforms worldwide. The application offers an excellent app, $0 trades, and the feature-rich  E*TRADE platform. These features appeal to active traders, options traders, and beginners.

About Carson Derrow

My name is Carson Derrow I'm an entrepreneur, professional blogger, and marketer from Arkansas. I've been writing for startups and small businesses since 2012. I share the latest business news, tools, resources, and marketing tips to help startups and small businesses to grow their business.