Do you want to know which app is best for investing in the stock market? Whether you decide to play the market like a pro or just want to buy and hold, stock trading apps have made investing extremely popular.
Online stockbrokers have seen a resurgence in recent years, with most now offering stock trading apps for young, technically savvy investors.
Below we take a look at the apps in terms of their ease of use, features, cost (or lack thereof) and trading technology to see if they can help you invest passively and build savings.
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10 Best Apps for Investing in the Stock Market
These are the best apps for investing in the stock market. A simple and affordable alternative to earn money. Increase the profitability, liquidity and flexibility of your assetsRead on to find out which one suits your needs.
1 Robin Hood
Launched in 2013, Robinhood is a true pioneer in commission-free trading. That's right: you can trade stocks on Robinhood without paying commissions.
The platform has 10 over millions of users and is valued at $7.600 billion.
It is known for making its trading process as simple as possible, hassle-free and commission-free. To demonstrate Robinhood’s commitment to its app, the company has launched a stock trading app on its website.
As one of the first platforms to offer commission-free trading, Robinhood has shaken the trading industry since its launch.
However, our hands-on test of the Robinhood stock trading app revealed that the platform offers more than just free stock trading. Available in both mobile devices As a desktop app, the app also allows you to trade ETFs and options for free.
Other characteristics
Robinhood doesn't offer as many types of investments as other apps on our list, but it does offer cryptocurrencies, . Investors can buy and sell seven major cryptocurrencies, such as Bitcoin and Etherium, and track the price of ten others.
Robinhood also allows you to invest in fractional shares, meaning you can buy a portion of a stock. For example, with a single trade on a $325 stock, Robinhood investors can Buy a fractional share for as little as $1However, outside of stock trading, we think Robinhood is the best investing app out there.
2. ForexTB
With this broker you can also invest in currencies and cryptocurrencies, stocks and exchange-traded funds (ETFs) and contracts for difference (CFDs), as well as use the app to invest in bitcoin.
One of the advantages of this application is that shows the risk of trading with CFDs, showing the amount of a trader's losses compared to the amount of profits.
As for security, this company separates the trader's money from the company's money, which is a guarantee against possible failures. ForexTB is one of the trading applications with a very simple and intuitive interface.
Other characteristics
In addition, it provides its clients with a large number of educational materials: video lessons, articles, webinars, e-books and online courses are just some examples of the tools that this broker makes available to its traders.
Options depend on your account type and range from basic to VIP. There is also the option of a $100.000 demo account and a simulated market that can be used to learn strategies, platforms and indicators.
3 Acorns
Acorn is designed for investors who don't want to be too active and have never invested before.
In addition to the ability to build savings and use robo-advisors, Acorns offers a convenient way to put money in a savings account that grows gradually.
If you want to save effortlessly, Acorns is your tool. You can easily create a user account with your bank account, and Acorns tracks your purchases and puts the change into a low-risk wallet every day.
Other characteristics
Acorns earns 1 dollar a month for taxable investment accounts and $2 per month to add an IRA. If you have an Acorns checking account or an Acorns spending account, you'll pay $3 per month.
It is ideal for students and people who do not want to actively track their portfolio or make trades. It is also a good idea if you want to save money.
You have to understand that your accounts are subject to taxes. Therefore, if you receive dividends from your portfolio, you may have to pay income tax, which won't happen if you have a tax-free investment account. But for those who just want to grow their savings, the automated approach is pretty straightforward.
4 Plus500
It is a trading platform regulated by the Seychelles Financial Services Regulatory Authority, and another of the best apps to operate on the stock exchange.
It is a CFD provider (Contracts for Difference) which currently has more than 2.000 instruments in its portfolio.
It is a good app for trading currencies and you can also trade stocks, commodities, cryptocurrencies, ETFs, options and indices with it. It has an intuitive and easy-to-use interface.
Other characteristics
Plus500 is a well-established brokerage listed on the London Stock Exchange that holds its clients’ funds in segregated corporate accounts. This platform also offers the possibility to trade with play money via a demo account, which is a useful tool for beginners.
Furthermore, Many of its services are free and without commissions: These are operations such as deposits, real-time exchange rates, CFD quotes, real-time stock quotes or opening and closing operations.
5. Stash
Stash is a great trading app for beginners. There is no minimum account size, but monthly fees range from $1 to $9 depending on the package you choose.
Brandon Krieg, CEO of Stash, set out to create an educational investment application that would make financial services accessible to everyone.
We would say they have done a great job. Stash will help you understand what to invest in and How to use different investment strategiesThe platform offers 60 different exchange-traded funds (ETFs). The service asks you to fill out a questionnaire to find out your “investor personality type.”
Other characteristics
Based on your answers, you will be classified as a conservative, moderate or aggressive investor. You can then select from a range of investments that fit your personal investment type.
Stash also allows you to create a personalized portfolio of investment options based on value. For example, if renewable energy is important to you, you can invest in companies that are leaders in the development of this sector.
6.XTB
XTB's online trading platform has more than 15 years of experience and representation in more than thirteen countries and has established itself as one of the largest FX and CFD brokers in the world.
He claims that the execution of operations in this market is "ultra-fast", with an average speed of 44 milliseconds.
They have won several awards and these brokers are supervised worldwide by financial authorities such as CNMV, FCA, KNF, BAFIN, CySEC and others.
With xStation, users have access to various financial markets around the world and can trade over 1.500 instruments. It is a good app for investing in cryptocurrencies, currencies, indices, commodities, stocks, and ETFs.
7.TD Ameritrade
TD Ameritrade strives to provide superior research tools and an easy-to-use trading platform.
Since TD Ameritrade has eliminated trading commissions, It's hard to beat when it comes to apps negotiation of shares and general brokerage characteristics.
With plenty of free educational tools, options for both active and passive traders, and a $0 minimum account size, TD Ameritrade wins over investors one free trade at a time.
Other characteristics
TD Ameritrade does not require a minimum investment to get started, but is best known for being the first brokerage firm to eliminate all commissions on stocks and ETFs.
Most other brokerages, including E*Trade and Fidelity, then had to follow suit. TD Ameritrade has made a name for itself by offering tools of analysis and market research and a range of advanced investment options for active investors.
8 eToro
eToro is both an online investment platform and a stock trading app. It is a “multi-asset brokerage and social trading company.”
This Intuitive platform has a simple interface which allows investors – from beginners to experienced traders – to safely invest in stocks and ETFs, cryptocurrencies and commodities through CFDs.
Its main advantages over other options are the possibility of buying fractional shares, receiving alerts on volatility and market events, free access to expert analysis and no limits on investment size.
Other characteristics
It also offers scenarios where you can buy stocks with 0% commission, which It means that all the profits go to the investor..
Nasdaq, SP 500, UK 100, Australia, China 50 or Dow Jones are some of the indices available in this app to invest in the Argentine, Mexican, Colombian and global stock markets.
One of its main features is the CopyTrader option, which allows you to replicate the investment strategies of experienced traders, so that even beginners can benefit from this knowledge.
9. E*Trade
E*Trade makes online trading extremely easy with its affordable and easy-to-use trading platform.
It was one of the first trading platforms en línea market.
With its roots in Silicon Valley and online trading technology, the company made a name for itself by offering online trading when no other options were available. Today, E*Trade It has a trading application for mobile devices and is a pioneer in advanced features.
After removing stock and ETF fees, this is the easiest app to view your investments and trade stocks seamlessly on your phone.
Other characteristics
This stock trading app is at the forefront of the fastest online trading tools and also offers some educational features. Therefore, It is easier to use than methods traditional investment.
The truth is that E*Trade has a very easy to use mobile app that offers most of the features. Once connected to your phone, You can access all your investments or stock transactions, ETFs, mutual funds, and options. There are also more sophisticated trading options if you are used to placing buy and sell orders.
Most of E*Trade's tools are easy to use, and you'll benefit from fast order execution and increased accuracy. However, they are below the industry average due to price appreciation statistics.
10. Ninety nine
Another of the most popular stock market apps among Latin millennials is Ninenty Nine. This brokerage, which started less than a year ago, has grown significantly during the pandemic.
It provides security to its users, as it is registered with the CNMV, offers protection guarantees to private investors and has separate accounts for its clients.
Other characteristics
With this app, anyone can invest in the stock market. All you need to register is an email account and a mobile phone number.
With a simple user interface, Ninety-Nine allows you to see information about different companies and marketsThey work with the philosophy of “growing with the customer” and therefore provide all the information you need so you can operate without frustration.
Choose a trading app that suits your trading personality
How do you like to trade? If you want to bank and invest at the same time, apps like Charles Schwab offer more advantages. Active traders, on the other hand, may be more interested in TradeStation or Interactive Brokers.
E*Trade and TD Ameritrade are those that offer more educational tools and have access to most investment opportunities. Both companies also have excellent mobile trading apps and research tools. If you are looking for solid investments and like to follow trends, these stock trading apps offer you a lot of money.
How much money do you need to start?
Most stock trading apps, such as Acorns, Stash, and Robinhood, require minimal effort to get started. There is usually no minimum account amount to start investing.
However, the amount usually depends on the assets you want to buy. For example, if you want to trade mutual funds, You will need a minimum of $1.000 or moreHowever, ETFs can be purchased for a much smaller amount.
You should also consider commissions, which depend on the broker you choose. While most major brokerage apps don't charge large commissions on stocks and ETFs, some of them start at $5 per trade and go up.
Conclusion: Which stock trading app is the best?
Once you decide what investing style you want to emulate, there are plenty of stock trading apps on the market.
Whether you want to take advantage of all the options available As if you want to invest in stocks on your own, you should consider costs, fees, security, mobile experience, and customer service before opening a mobile brokerage account.
For those who want a wide range of options, we like Acorns, Robinhood, and Stash for their ease of use, simplicity, and low to no fees. TD Ameritrade and E*Trade are also good options, as they offer a wide range of investment options.
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My name is Javier Chirinos and I am passionate about technology. Ever since I can remember, I have been interested in computers and video games, and that passion has turned into a job.
I have been publishing about technology and gadgets on the Internet for over 15 years, especially in mundobytes.com
I am also an expert in online marketing and communication and have knowledge in WordPress development.