Best Stock Trading Apps For Beginners 2024

Best Stock Trading Apps: There are various sorts of financial backers out there. Some might want to put their cash and save the speculation similar stocks for quite a while and others might want to act and deal with their assets. It doesn’t make any difference which sort of merchant you are – there is as yet the ideal application for you.

These days, there are countless various arrangements available that it shocks no one that there is an item for each need. This rundown will furnish you with probably the most famous and very much perceived applications.

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Fidelity: Best for Beginners

Fidelity is a great app if you’re just starting out. If the strategy is long-term and focused on retirement. There are many services offered and many types of accounts and investments. The usage fee is also cheap. Available for Android, iOS, and Amazon devices. It doesn’t come with many charting tools like other solutions on the market, but if you’re a beginner, don’t worry.

Main features

  • App Name: Fidelity Investments
  • Minimum account: No minimum deposit required
  • Commissions: $0 commission for stocks, ETFs, and options trading, 65% flat commission per option contract. $32.95 for broker-assisted trading. $49.95 for mutual funds that incur transaction fees. No recurring fees on most accounts
  • Assets to trade: stocks, ETFs, mutual funds, split stock investments, etc.
  • Account Type: Broker, Retirement, Education, etc.
  • More info: It’s easy to join a trade and monitor its status. Feeds look like social media and only show relevant information.
  • Pros – good options for trading and investment, many account types, and a lot of educational resources.
  • Cons – There aren’t many tools for creating charts.

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Webull: Best Free App

This app is suitable for more experienced traders. It doesn’t have a lot of educational resources, but it does have a lot of features. There are tools to create charts and add advanced price data. Considering all this, you might think the price is high. But surprisingly, it’s almost free. There are no fees for trading stocks and ETFs. However, this app is somewhat limited. Cryptocurrencies are new, they don’t have bonds, mutual funds, etc.

Main features

  • App Name: Webull: Stocks, Options, ETFs
  • Minimum account: No minimum deposit required
  • Fees: $0 commission or contract fee for trading online stocks, ETFs, or options. $8-$45 for bank transfers. Additional charges may apply
  • Assets to trade: Stocks, ETFs, Options, Cryptocurrencies
  • Account types: Brokerage and IRA
  • More Information: There are many promotions that offer free shares when you sign up for the first time. There are also referral programs, charity programs, news, etc.

Pros – There are no commissions, you can interact with the other users easily, and you can trade with paper

Cons – You have limitations on the assets you can use as well as on customer service.

TD Ameritrade Mobile: Best Overall

I thought it was the first thing because it has everything. It comes at a great price and will make you feel comfortable whether you are just starting out or just want to trade on the go. For more advanced options, you can opt for the updated Thinkorswim mobile app.

If you have an account with TD Ameritrade, you can use these two apps. There are no minimum balance requirements or fees for trading stocks and ETFs. Thinkorswim also offers a live stream from CNBC.

Main features

  • App name: TD Ameritrade Mobile and thinkorswim
  • Minimum account: No minimum deposit required
  • Commissions: $0 commission for online stocks, ETFs, and options trading. 65% flat fee per option contract. There is a $25 fee for trades made through a broker. Idle fee is $49.99
  • Assets to trade: stocks, options, ETFs, mutual funds, bonds, and more.
  • Account type: standard account, pension account, education account, etc.

Pros – Cheap, suitable for beginner and advanced traders, there are a lot of assets and types of accounts available, and a lot of resources are available.

Cons – Because there is an acquisition coming up in the near future it is unknown what will happen with the apps.

SoFi: Best for Learning About Trading

SoFi stands for Social Finance and offers loans, banking, and investments. Perfect for those just starting to learn about stock trading. We also offer commission-free trading and odd-lot trading. We have many articles to help you learn more about the market. The selection of stocks and funds is also huge. Not very easy and clear for beginners as the page for each stock doesn’t contain that much information.

Main features

  • App Name: SoFi Invest Money & Buy Crypto
  • Minimum account: A minimum deposit of $1 required
  • Fees: There are no fees for online stock or ETF trading. The markup for cryptocurrency trading is 1.25%. Expense ratios vary by SoFi ETF. Additional charges may apply
  • Assets to trade: stocks, ETFs, cryptocurrencies, stock fractions
  • Account types: self-managed and managed portfolios, retirement savings, cryptocurrencies
  • Note: We offer loan products as well as cash management accounts, The design and structure are simple and easy to use, and there are many excellent educational resources.

Pros – cheap, easy to use for trades (either full or fractional), there are events for members

Cons – you have limitations on the assets you can trade, there aren’t a lot of different accounts to choose from.

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