Online Stock Trading App: Top 4 Apps for Different Types of Investors
Since you can literally do anything and everything with your phone or tablet these days, it’s not surprising that you can also make investments and trade stocks with apps. Why spend a fortune paying a broker to make trades for you when you can do it yourself? Even if you’re not very experienced or knowledgeable, the best online stock trading app platforms come with tips and resources to help you better educate yourself.
You only need one or two good apps to make all of your investments. It also depends on your experience level and trading style.
Here is a quick overview of some of the more popular trading apps:
This one was launched before even the Robinhood website. It’s free to start using, although you won’t get access to the full range of investments. Recent support for Bitcoin has been added. The app interface is intuitive and the information you need to help make decisions is easy to get a hold of and understand. Robinhood uses only the best security and privacy measures to protect investors’ personal details and assets.
This is a great choice for beginners. College students can take advantage of the free management feature, and select retailers can even get some “cash back”. There are no surprise frees, and you can make small trades for just $1 – $3 dollars.
Acorns isn’t for everybody, particularly for more active, versatile traders who want a bigger portfolio.
The good thing about Stash is that it isn’t just an online stock trading app – it’s also an educational app that is designed to help you learn as you go. It lets users start investing with as little as $5 and offers tips on which stocks might be right for you as you go. The investments go into single stocks / EFTs, which are utilized into various themes, such as “environmental” or “innovation”.
This tool is created by Interactive Brokers, and is available for Zacks Trade members. If you’re not familiar with Zack’s Trade, it’s an excellent platform for active traders and those interested in foreign stock exchanges. There are a variety of investment options to choose from, including Options, EFTs, Bonds, Mutual Funds, etc. To help you with your decision-making, Handy Trader supports real-time charts and market data, and allows you to make orders either instantaneously, or by using an order ticket.
In addition to offer the best online stock trading app, Zacks Trade and Interactive Brokers offer a web platform for those who prefer to handle trades on a PC.