High-technology trading has become an everyday activity on mobile devices as time and technology get developed. You have so many options if you want to invest some money online such as putting money into a boring fund and letting it simmer for the long term or taking a hands-on approach to managing your money with active stock trading. So it doesn’t matter if you are a beginner or an active trader, this list of best stock trading apps for everyday investors in 2021 will be very useful for you anyways.
You might want to buy and sell once time to time or enter a trade or more every day, there’s definitely a stock trading app for you which offers $0 stock and ETF trades. They are easy to use and usually provide a fully-featured online trading experience. And how to choose among them depends on your unique needs that also based on your goals. So we analyzed fees, tradable assets, and several brokerages according to these factors to gather the best stock trading apps for you to consider whether you are a beginner or advanced investor.
1- TD Ameritrade Mobile
This app is one of the best because it offers something for everyone at a really fair price. If you are a beginner or casual stock trader, this TD Ameritrade Mobile is perfect for you to manage your investment even on the go. It provides trade delivery for $0 through its amazing trading platforms along with its industry-leading education for beginners. The stock trading app also has marvelous marketing research and customer service as well.
Furthermore, TD Ameritrade also provides an upgraded mobile app called “thinkorswim” which comes in desktop, browser, and mobile flavors for a professional-style experience including day traders, options traders, and futures traders.
To sum up, customers can access their TD Ameritrade accounts, which have no minimum balance requirements and no fees to trade stocks and ETFs. And they can be accessed from everywhere, from Alexa to Facebook, Twitter, Apple Messages, Android Auto, and Apple CarPlay. They even got a live CNBC-feed inside the app.
If you are a beginner, Fidelity is the best place for you. This brokerage provides full-service, with a wide range of account and investment types for beginner investors or anyone who focuses on long-term and retirement investments. You can get a lot of services with $0 stock and ETF trades at low costs. It also provides beginners a plethora of educational resources.
Fidelity Investments includes anything you need to manage your Fidelity investment accounts and enter trades. Its website and stock trading app have really easy use even though it doesn’t have many advanced features as some of the other competing apps. But it’s still perfect just like we said especially for the ones who may not look for advanced tools. It also has a perfect desktop platform which is Fidelity’s Active Trader providing active trading beyond. So Fidelity is a reliable and useful stock trading app for everyday investors with serving over 32 million customers.
E*TRADE is the first online brokerage in the United States. It provides $0 trades with two stock trading mobile apps and its Power E*TRADE platform, which is great for beginners, active trading, and options trading.
Its platform has an elegant design and various trading tools which makes it very useful and easy. Usability and depth drove E*TRADE to tops even though its education source isn’t well as perfect as some of its close competitors and it charges $6.95 for penny stocks, unlike Fidelity and TD Ameritrade Mobile. So it is still one of the best options especially for beginners, active trading, and options trading.
4- Merrill Edge
If you want to put banking management and brokerage under one roof, Merril Edge is where you belong. This stock trading app provides tools such as Stock Story and Portfolio Story, alongside robust educational resources that it makes very easy to use. Merrill Edge also includes amazing Research, Beginners, IRA Accounts, and Mobile Trading.
Merrill Edge provides customers $0 stock and ETF trades as well while its options trades cost $.65 per contract but also restricted to two max. On another side, Merrill Edge doesn’t allow trading of securities that trade over-the-counter and also doesn’t support fractional shares trading, too. But still, it has amazing universal account management, the best multi-account rewards, and outstanding customer service.
Webull is a tech-centric stock trade app, which is more likely for stock traders who has some experience. It doesn’t include that many educational resources but provides lots of useful tools. And most importantly, its offerings are all free to use! There are no commission prices for any trades on Webull, including stocks and ETFs. Furthermore, cryptocurrencies are on the platform recently but you won’t be able to find bonds, mutual funds, or other assets for them yet. Considering Webull is a new stock trading app among others, it doesn’t stay behind at all and provides all needed features within.
6- Interactive Brokers
Interactive Brokers is known for offering traders access to global markets which includes 135 market centers in 33 countries. It provides day trading, mobile stock trading, options trading, futures trading, and professional trading such offering 68 different order types and more. Not to mention their $0 trades and user-friendly web platform.
In Interactive Brokers, professional traders can take industry-leading commissions advantage with the lowest margin rates among all balance tiers. So it might be one of the best options for professionals because it has an institutional-grade desktop trading platform and its margin rates are really low. It is also perfect for beginners with its clear progress. They make it so as to simplify its website for casual investors and its more robust fundamental research and education.
If you are a beginner and want to learn all about stock trading, SoFi here to help you. It provides an ideal education for investors who are looking to learn about stock trading. Besides, it offers loans, banking, and investments via its useful stock trading app. On the other hand, it requires a minimum $1 balanced account. This means you can benefit from its commission-free trades and fractional shares which also called “Stock Bits”.
In addition, you can browse among learning articles from SoFi Invest tab’s section. The section provides help for you to learn more and decide what to buy. The articles don’t have much detailed information but it’s okay cause it also makes it easier to read and understand. So beginners can manage their accounts without getting confused or overwhelmed. This is what makes SoFi best for beginner trades, I think.
On the other side, it requires a $1 minimum deposit which is really low actually. There are no fees charged for online stock or ETF transactions but a 1.25% profit share in crypto transactions would be charged. Ultimately, expense rates vary for SoFi branded ETFs so additional fees may apply in the case.
This stock trading app focuses on options trading the most. Many options trade based on stock price movements as others not exactly share of stock. So tastyworks has an important role in that. In tastyworks, stock and ETF trades are free like most others but options on stocks and ETFs might cost from $1 per contact to $10 maximum per.
We suggest this mobile stock trading app for those who have some options experience, otherwise, it could be a little exhausting for beginner traders. tastyworks also provides its customers fast trades. Customers can make them without giving up many desktop trading features.
The mobile app is best for traders with some options experience, as there are many features that can distract and overwhelm newer traders. tastyworks also provides essential tools to its customers. These tools include fast trades they can make without giving up many desktop trading features.
Ally is mostly best for customers looking for banking products with its checking, savings, and investment accounts. These account types are all in one of its mobile stock trader app. On the other hand, Ally Bank is one of the best investment needs as you can also get bank accounts from some other brokers on the list. You will be able to reach a winning bank and investment combo when you add low-cost brokerage accounts which are also so easy to use. It doesn’t have any stock or ETF trades commissions as well. Its basic charts and data don’t provide much for a beginner investor. Yet Ally can cover the most common needs for advanced features with perfect pricing.
Ultimately, you can now start by downloading and signing up for one of those stock track apps you decide on from the list above. Much of them don’t even require a deposit to get started. They also don’t charge you recurring fees either. But don’t be hasty anyways to invest yet cause stocks can go up and down in value. So after you understand the mechanic well enough, start buying and selling and enjoy!