Best Stock Trading Apps

This article includes links which we may receive compensation for if you click, at no cost to you.

Whether you’re a novice looking for a simple app or a hands-on investment pro looking for more specialized trading options, there’s an app out there for you.

Which app is best for you depends on its trading options, but also its mobile features and fees.

With so many options out there, it can be tough to pick the best app. The apps below are my top picks overall, and each one brings something different to the table.

Best Stock Trading Apps of 2020

Here are the 12 best stock trading apps you can use today:

  1. 🏆  Robinhood: Best Overall Stock Trading App
  2. TradeStation: Best for Active Traders
  3. Ally: Best for Additional Banking Features
  4. Webull: Best Free App
  5. TD Ameritrade: Best for Trading Tools
  6. Fidelity: Best for Beginners
  7. E*TRADE: Best Tools for Beginners
  8. SoFi: Best App
  9. tastyworks: Best for Options Traders
  10. Interactive Brokers: Best for Professional Traders
  11. Stash: Best for Learning to Invest
  12. Acorns: Best App for Small Investments

Robinhood

If you’re looking for a similar experience to the ones offered by Acorns and Stash without paying a subscription fee, Robinhood could be worth your while.

Robinhood doesn’t come with subscription or commission fees, making it one of a few truly free stock apps.

The app provides market research, easy real-time trade updates, and customization.

While there are no bonds or mutual funds, you can invest in stocks, ETFs, and cryptocurrency. You can also invest in fractional shares of stocks with only $1.

Features:
  • App: Robinhood
  • Minimum deposit: $0
  • Commissions: $0 on stocks, ETFs, and options
  • Additional fees: No subscription; transaction fees may apply
  • Continue Reading: Robinhood Review

TradeStation

TradeStation is another impressive app for active and experienced stock traders, providing all the tools you need to trade from your phone.

Even though the TradeStation app can serve more complex traders, it’s laid out in a way that new traders can easily navigate and use to learn the basics.

The app has lightning-fast execution and its advanced trading features are hard to match. You get real-time data, trading strategies, notifications of price changes, and more.

TradeStation offers two levels of service, TS Select and TS Go, which come with different fees and funding requirements.

Features:
  • App: TradeStation Mobile
  • Minimum deposit: $0 for TS Go; $2,000 for TS Select
  • Commissions: $0 on stocks, ETFs, and options; $.60 per options contract (TS Select); $.50 per options contract (TS Go)
  • Additional fees: No subscription; transaction fees may apply
  • Continue Reading: TradeStation Review

Ally Invest

If you’re looking for an all-in-one banking and investing app, Ally does it best.

You can manage your checking and savings accounts, which are some of the most rewarding ones out there, and invest within the Ally app.

While the Ally app doesn’t have as many complex tools for advanced traders as some of its competitors do, it has everything you need to make trades and track your investments.

Ally’s app is simple to navigate and performs all the services basic investors need, at prices that are hard to beat.

Features:
  • App: Ally Mobile
  • Minimum deposit: $0
  • Commissions: $0 for stocks, ETFs, and options; $.50 per options contract
  • Additional fees: $0 online; $20 broker-assisted
  • Continue Reading: Ally Invest Review

Webull

Webull is a brokerage for stocks, ETFs, options, and ADRs. With this app, it’s all about the features.

This platform might not have as much educational content as some of its competitors, but it’s chock full of the advanced tools active traders need.

While other stock trading apps offer these types of analytical features, they usually come at a high cost.

Some miscellaneous fees might pop up, but the tech-savvy platform and its features are free, with an optional subscription for extra advanced features.

Features:
  • App: Webull: Stocks, Options, and ETFs
  • Minimum deposit: $0
  • Commissions: $0 for online stocks, ETFs, and options
  • Additional fees: Miscellaneous fees may apply
  • Continue Reading: Webull Review

TD Ameritrade

TD Ameritrade caters to casual traders and professionals alike. With the basic app, you can easily manage your investments, get price updates, and find research tools.

Experienced investors can download the more advanced thinkorswim app, which integrates all the features of TD Ameritrade’s website and allows for more complex trading in the app.

TD Ameritrade doesn’t have an account minimum. They were also the first stockbroker to completely eliminate commission fees on stocks, options, and ETFs, forcing most of their competitors to do the same.

Features:
  • App: TD Ameritrade Mobile, thinkorswim
  • Minimum deposit: $0
  • Commissions: $0 for stocks, ETFs, and options; $.65 per options contract
  • Additional fees: $0 online; $5 interactive phone call; $25 broker-assisted
  • Continue Reading: TD Ameritrade Review

Fidelity

Fidelity is perfect if you’re new to the investment world and looking for a clean, easy-to-use platform.

Though it doesn’t have all of the advanced features of an app like thinkorswim, it has everything a basic investor needs, beating out the competition in terms of user experience.

You can start trading in the app, manage your account, and easily track investments. Like TD Ameritrade, Fidelity is a fee-free broker with no account minimums.

The app also lets you manage workplace investments, deposit checks, pay bills, and more.

Features:
  • App: Fidelity Investments
  • Minimum deposit: $0
  • Commissions: $0 for stocks, ETFs, and options; $.65 per options contract
  • Additional fees: $0 online; $32.95 broker-assisted
  • Continue Reading: Fidelity Review

E*TRADE

E*TRADE, the original online investing platform, is another digital brokerage that offers impressive stock trading apps.

Similar to TD Ameritrade, E*TRADE has a basic mobile app and the more advanced Power E*TRADE app.

Both apps are loaded with features, allowing you to trade stocks, options, futures, and ETFs on the go. You also get live market updates, interactive charts, and access to Bloomberg TV.

Just keep in mind that some types of trades come with higher fees, such as commissions when you don’t meet a certain amount of trades per quarter.

Features:
  • App: E*TRADE Mobile app; Power E*TRADE app
  • Minimum deposit: $0
  • Commissions: $0 for stocks, ETFs, and options; $.65 per options contract (1-29); $.50 per options contract (30+ per quarter)
  • Additional fees: $0 online; $25 broker-assisted
  • Continue Reading: E*Trade Review

SoFi Invest

While it might be best known for its student loans, SoFi Invest should be on your shortlist of investment apps if you’re a new investor looking for basic trading tools and great user experience.

Social Finance, aka SoFi, packs full financial services into its app, allowing users to bank, borrow, and invest in the app.

New investors can access lots of educational resources and a navigable catalog of the stocks available to invest in.

You can also invest in Stock Bits, which are fractional shares of popular companies, starting as low as $1, which is a great way to start investing with little money to spare!

SoFi has commission-free trades an no account minimum, making it even more accessible to new investors.

Features:
  • App: SoFi Investment and Trading App
  • Minimum deposit: $0
  • Commissions: $0 for online stocks and ETFs; up to 1.25% for crypto trades
  • Additional fees: No subscription fees
  • Continue Reading: SoFi Review

tastyworks

If options are a big part of your trading strategy, tastyworks may be the best choice for you.

While tastyworks’ main focus is options trading, you can also trade stocks and ETFs in the app with no trading fees. You won’t have to pay extra for broker-assisted fees, either.

If you know your way around trading, the tastyworks app should be easy to use, with loads of features optimized for options traders.

However, if you’re newer to trading altogether or options don’t play a major role in your investing strategy, you might want to look for an app more tailored to your needs.

Features:
  • App: tastyworks
  • Minimum deposit: $0
  • Commissions: $0 for stocks, and ETF; $1 per option on stocks/ETFs; $2.50 per option on futures
  • Additional fees: Miscellaneous fees apply

Interactive Brokers

Interactive Brokers is the perfect fit for active traders. The Interactive Brokers app includes almost all of the features of the brokerage’s online platform, giving traders full functionality on the go.

You get access to streaming data, charts, and a lot of market research on the app, but also the ability to initiate new trades in the app..

Interactive Brokers is competitively priced, too, with $0 commissions on stocks, ETFs, and a selection of over 4200 mutual funds.

Features:
  • App: IBKR Mobile
  • Minimum deposit: $0
  • Commissions: $0 for stocks, ETFs, and options; $.65 per options contract
  • Additional fees: $0 online; $30 broker-assisted
  • Continue Reading: Interactive Brokers Review

Stash

Stash is another great option if you’re new to investing and looking for an app to help you learn the ropes.

The app combines banking and investing, giving new investors the resources they need to start saving and growing, at a low monthly rate.

The seamless app provides tools to assist you in setting and reaching financial goals, which includes investing in a range of stocks and ETFs with fractional shares.

Outside of the app, you get a Stock-Back® card that rewards you with stocks at the stores where you shop.

Features:
  • App: Stash
  • Minimum deposit: $0
  • Commissions: $0 for stocks and ETFs
  • Fees: $1/month; $3/month; $9/month subscriptions
  • Continue Reading: Stash Review

Note: Millennial Money is a paid Partner of Stash.

Acorns

A great option for novice investors who want to be less hands-on is Acorns, the mobile-friendly investment app that works by rounding up your purchases.

With its robo advisor functionality and round-up strategy, Acorns can help you reach your saving and investing goals with little experience or effort on your part.

You also get educational content, a debit card, and bonus investments for shopping with hundreds of popular brands.

Like Stash, Acorns offers three tiers of service, with a low monthly subscription fee.

Features:
  • App: Acorns
  • Minimum deposit: $0
  • Commissions: $0
  • Fees: $1/month; $3/month; $5/month subscriptions
  • Continue Reading: Acorns Review

Stock Trading Apps FAQs

How Do You Use a Stock Trading App?

The best stock market apps allow you to trade stocks and other products from your phone.

These apps can also give you access to education resources, stock market data, and analytical tools to help you map out investment strategies and track your investments.

Since you don’t have to worry about a minimum deposit with the apps above and most don’t have any subscription fees, getting started can be as easy as downloading the app and signing up for an account online or on the mobile platform.

From there, you just need to follow the steps, enter your information, and start trading.

The best stock trading apps make getting started and navigating their platforms easy.

How Much Money Do You Need to Start Trading?

Again, you don’t have to deposit any particular amount of money to get started with the basic versions of the stock trading apps above.

But that doesn’t mean you won’t need to make a deposit to actually start trading. Some stocks are cheap, at a few bucks, while others can cost thousands of dollars to invest in a share.

If you want to get your feet wet but don’t have the money to buy full shares, you could always opt for one of the stock apps that let you invest in fractional shares, like:

  • SoFi
  • Stash
  • Robinhood

How Are Trading Fees So Low?

The best stock market apps don’t charge commissions, and their other fees are minimal, but that wasn’t always the case.

Technology has transformed stock trading, eliminating the need for a broker to make every trade happen.

Apps like Robinhood have led the industry in robo-advising, taking the need for human assistance on basic trading tasks out of the equation.

Today, just about all of the major online brokers have done away with commissions, which is good news for you.

In addition to profiting more, you don’t have to worry about comparing fees when you shop for the right investment app.

How Do You Choose the Best Stock Trading App?

So how do you pick from the lineup of the best stock apps? It really boils down to what you’re looking to get out of the app.

If you’re searching for an advanced app that puts all the advanced features of a brokerage in the palm of your hand, an app like thinkorswim or TradeStation is a good call.

But if you’re new to the game, the best app for your neighbor who’s been trading for decades probably won’t be the right fit for you.

In that case, you have plenty of options that are a little easier to navigate and learn from, like Fidelity or Ally.

And if you’re looking for an app that lets you invest on a budget, you might opt for Acorns or SoFi.

Bottom line: You do you. Take a look at the list above and see what stock market app fits your individual needs the best.

Leave a Reply

Your email address will not be published. Required fields are marked *

In This Article