3 apps to invest and trade stocks with
There are many stock market apps for trading and investing that you can use to manage your portfolio.
However, finding them is a daunting task as you have to go through long and overwhelming search procedures. The good news is that there are many legitimate sites that recommend the best apps for investing and trading stocks. For example, UK traders who plan to try their luck in the stock market can find reliable apps here. Based on our findings, we also list below the top three apps to invest and trade stocks with.
- Robin Hood
You probably know Robinhood as a cash management company, but it’s also one of the best US-based stock trading apps. Robinhood is safe for your funds since top authorities such as the US Commodity Futures Trading Commission (CFTC) or the National Futures Association (NFA) regulate it. Moreover, the app is highly encrypted and secures your account with a two-step login procedure.
One thing we love about Robinhood is that its platform is user-friendly and has an intuitive design for maximum experience. There is no minimum deposit requirement with Robinhoom, which means you are exposed to popular stocks with any amount you can afford. Moreover, stock investing here is commission-free and expect no transaction fees when making deposits or withdrawals. Besides stocks, Robinhood lets you invest in ETFs, cryptocurrencies, options, and gold. Equity investors on a budget should definitely consider Robinhood if it accepts clients in their area.
eToro is widespread around the world and, like Robinhood above, it lets you invest in stocks commission-free. This stock trading and investing app is user-friendly and perfect for beginners. It also hosts a social trading platform to connect you with global stock traders. Besides stocks, eToro allows you to diversify your portfolio using other asset classes such as stocks, cryptocurrencies, commodities, etc. The app is safe, so you only have to worry about managing your stock investment positions.
If you don’t want to take long-term positions in the stock market, eToro allows you to trade the assets in the form of CFDs, where you can speculate on stock price movements. You can also trade stocks as indices, where multiple stocks are held in a single investment. Whichever method you prefer for trading stocks, eToro has your back with quality resources for market analysis. Just make sure it suits your trading or investing needs and deposit a minimum of $50 as per its requirements.
- TD Ameritrade
Stock market investors looking for the best investment app with advanced resources should try TD Ameritrade. However, you need to make sure that it accepts customers from your area and offers your favorite stocks for a rewarding experience. TD Ameritrade offers automated trading and live advisors, perfect for expert stock traders. Most importantly, it is regulated by world-class authorities including the Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), etc.
TD Ameritrade also hosts powerful trading platforms that you can choose from depending on your skill level. This broker also offers learning resources, including a demo account that you can use to gauge your skill level. When it comes to stock trading fees, TD Ameritrade is affordable and we recommend it for stock traders on a budget. On top of that, it has a reliable and responsive support service that works 24/7.
Trading apps have become essentials for traders and investors, especially those who are always on the move. Indeed, you can easily manage your positions without needing to stick to your trading station for hours. The above stock trading apps will help you manage your trading or investing positions in the stock market. However, since each stock trader has their own requirements, be sure to select an app that meets your needs.
For example, you not only need a trading app hosted by a regulated broker, but also an affordable one. Keep in mind that the stock market is volatile and while you may make a profit from it, losses are inevitable. Therefore, search the market carefully for the best stock market assets and invest with the amount you are willing to lose.