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Top 5 Trading Apps

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By , Updated On October 21, 2022

The role of smartphones in our lives has grown along with their growing features and ease of use. Smartphones help us run our lives, from buying groceries to managing finances and monitoring our health. Mundane and routine tasks have become automated thanks to smartphones. It makes sense that an everyday habit of millions of people to trade and view the stock markets have also gone the digital route. 

The U.S. stockbroker industry is highly competitive, and now having a useful and feature-rich mobile app is simply necessary. The only question is determining which app will fulfill a specific investor’s requirement. Since investing needs change according to an investor’s skill level, many apps are designed to suit an investor’s unique needs, whether they are a beginner or a seasoned trader.

The best stock market apps have key features that make them stand out. They are user-friendly, with good design, a full range of options for online trading, and offer 0 or low-cost trading across multiple genres.

The top 5 stock trading apps are reviewed below, in no specific order of preference.

Top 5 Stock Trading Apps

  • E*TRADE 

E*TRADE offers a mobile app package with two apps; the E*TRADE Mobile and Power E*TRADE. The E*TRADE Mobile is designed for investing and the vibrant, while the Power E*TRDAE is more supportive of (day) trading.

Both apps have many features that will satisfy both beginner and experienced investors. There are strong trading tools, research options, and charting available. The app also offers indicators to use with the charts of the user’s choice. The app is simple to use and has good design features that make it convenient for users. 

The Power E*TRADE has comparatively more advanced features like option order placements, 100+ chart indicators, and advanced research tools for active traders.  

  • TD Ameritrade 

TD Ameritrade has two separate apps and offers $0 commission trading. The TD Ameritrade Mobile app interface is similar to its website and offers advanced tools and charting options through the popular thinkorswim app

The TD Ameritrade Mobile app has good options for both passive and active investors.  These options include news, price alerts, and stock watchlists that users can modify according to their preferences. There are basic charting options and third-party ratings and research reports as well.

  • Biticodes

Biticodes is one of the most unique platforms on the market due to its incredible ability to pair its users with highly versatile brokers worldwide in a safe, straightforward, and beginner-friendly way.

From helping you avoid scam platforms to making countless trading tools available to you via its partners, Biticodes is a highly recommended platform formed in a grass-roots style by various crypto experts.

  • SoFi Invest Review

SoFi Invest offers a  broad range of services, the most prominent of which are cryptocurrencies, IPOs, and automatic investing. The app is user-friendly, and the app interface is good to view. However, there is no research or educational support for new investors.  Charting options cover just the bare minimum requirements, and there is limited customization that most advanced traders look for.

However, SoFi offers popular investment needs, like fractional shares, retirement services, and robo-advising. But options trading, futures, and mutual funds are notably absent. The app supports self-directed and a no-fee automated robo-advisor, a huge plus for people looking for hassle-free investment choices. 

  • IQTrader

IQTrader is an excellent option for both technical traders and newbie investors. The app has comprehensive features that can satisfy both individuals as well as active traders.   

The app offers smooth and quick access to all the top market brokers and partners. 

The exposure offerings through the app are comprehensive, with access to over 1000 shares, 650 cryptocurrencies, and over 5000 options. The app has a free and a pro version. The pro version is available for subscription for just $10 per month, which makes it the most cost-friendly one on this list.

The app interface is user-friendly and lets users manage their trading portfolio with a few simple selections available at a single tap. Detailed market information is available through comprehensive options like options scanners, alerts, and watchlists for stocks, crypto, and other assets.  

The app offers its users alert options for information about stock break-out through popup notifications which can be notified through SMS, phone, and e-mail. The app offers comprehensive stock screeners to let its investors filter through all the asset offerings to select what meets their investment criteria to book profitable trades. 

The app also offers comprehensive scanners that can be used for stocks and crypto. Users can also use a profit calculator to assess the earnings from their trades. There is also a Trade Builder option to let users plan their trades and see how varying market situations can be used to earn from their portfolio.