5 Best Free Stock Trading Apps :- Currently, there are 7 billion smartphone users worldwide, and interestingly, people check their phones an average of 58 times a day. Given this high level of smartphone penetration and usage (over 80%), it is no surprise that people want to trade even while on the go. Against this backdrop, stock trading platforms are working hard to improve their mobile app experiences, but the question is, which is the best stock trading app?
Before we get into the list of the best apps for stock trading, let us first discuss what a stock trading app is. In simple terms, a stock trading app is an online platform that allows you to trade stocks. Furthermore, stock trading is the practice of buying and selling stocks to capitalize on price fluctuations in the short term. This means that stock traders try to make a profit in the next hour, week, or month by buying and selling frequently rather than holding stocks for years
With the rise of trading apps, the world of finance is at your fingertips, which you can conquer from the comfort of your home or anywhere with an internet connection. We have listed five of these apps on this blog
Note:- It’s important to note that the information we provide here is for educational purposes only. The inclusion of apps on the list does not mean that they are endorsed or recommended by our team at Appetizer. 5 Best Free Stock Trading Apps
Additionally, it is advisable to seek advice from a qualified financial advisor to understand the potential risks and benefits associated with stock trading. Please carefully review the terms, fees, and features of any trading or investment app before using it.
Let’s take a look at the selected investment apps.
Top 5 best stock trading apps
1. Interactive brokers—
What makes the Interactive Brokers app stand out is its advanced features. With the app, you have access to intuitive mobile and desktop platforms that give you access to real-time quotes, charts, and market scanners. These features enable you to perform in-depth market analysis, execute trades, and manage portfolios with ease.
Another thing that sets Interactive Brokers apart is its trial option. This platform offers a unique opportunity to take their mobile app for a test drive. With no registration or username required. You get to experience the app’s capabilities first-hand before opening an account
It has a rating of 5.0 and 4.8 on App Store and Google Play respectively.
Device Compatibility-
• iOS
• Android
Pricing-
• Free to download and use app
• $0 annual, account, transfer, or closing fees
• Additional fees for trading
2. Fidelity—
Fidelity is another trusted name in banking and investing, and their stock trading platform reflects their reputation. The Fidelity app provides a customizable experience with real-time metrics applicable to your portfolio, as well as news and tailored content.
Fidelity Investments provides the necessary tax forms and also sends push notifications when your activities might trigger additional tax forms. If you need any help, you can connect with a real person over the phone. The app works on iPhone, Android and iPad
Fidelity is constantly adding new features to the app, and if you look at stock market day traders you will find that many of them enjoy a complex range of metrics provided by the Fidelity app, such as heat maps and comparative charts.
Since Fidelity is a physical financial institution, investors also have the opportunity to work with a full-service broker, who can provide expert trading advice. 5 Best Free Stock Trading Apps
It has a rating of 4.6 on Google Play and 4.8 on the app store.
Device Compatibility-
• iOS
• Android
Pricing-
• Free to download and use the app
3. Webull—
Founded in 2017, the trading app to earn money is a commission-free trading app that has gained popularity among investors for its great features and advanced tools. It provides detailed stock information and a large number of investment options.
Webull offers a variety of advanced charting tools, such as technical indicators, drawing tools, and customizable charts.
It allows users to trade before the market opens and after it closes, giving them extended trading hours
It also offers multiple rewards per transaction
Device Compatibility-
• iOS
• Android
• Webull is an advanced charting tool for technical analysis.
• Extended trading hours for more flexibility in trading.
• Free stock rewards
4. Sofi —
Sofi is a lender turned discount broker. The trading app allows you to trade stocks and cryptocurrencies, while also allowing the user to explore loan options. There are no commissions or fees for stocks and ETFs,
SoFi (short for Social Finance) integrates the features of SoFi Stock Trading, Automated Investment Advisor, and Social Trading into one app. It has a rating of 3.7 on the App Store and 3.8 on Google Play. 5 Best Free Stock Trading Apps
Device Compatibility-
• iOS
• Android
Pricing-
• Free to download and use app
• Possible fees associated with certain business activities, services and transactions
5. Public—
Public is a trading platform that provides data-driven insights and analysis to investors through AI technology. Rating is 4.7 on App Store and 4.2 on Google Play
A notable feature of the app is Alpha, an AI-powered assistant that you can ask detailed questions about any stock or bond. This AI-powered functionality enables you to perform in-depth analysis of assets and gain real-time investment context and insights. You can also ask for information about market trends, company performance, or trading strategies.
Device Compatibility-
• iOS
• Android
Pricing-
• Free to download and use app
• No maintenance, trading, or commission fees
• Possible fees associated with certain trading activities and transactions
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