6 Best Stock Trading App For iPhones and iPads

0
6
6 Best Stock Trading App For iPhones and iPads


It’s become easier than ever to trade stocks and manage your investments on your phone, whether you’re investing pocket change or for the long term.

With so many stock trading apps to choose from, budding investors have plenty of options, from established giants like TD Ameritrade and Charles Schwab to up-and-coming investment platforms like Public and Webull.

Here are some top recommendations for the best investing apps that you can use on an iPhone.

Overview of the best stock trading apps for iPhones

Public

  • Investing On The Go? Try These 6 Best Stock Trading App For iPhones - PublicAccount minimum – None.
  • Fees – No commission fees.
  • Tradable assets – Stocks and ETFs.

If you’re an individual investor, investing is often a solitary experience, whether you conduct extensive research before investing or just go with your gut. Public is an investment app for iPhones whose goal is to make investing a social experience, while also helping to improve financial literacy and help you learn more about the stock market.

Public’s social features include the ability to follow and interact with other investors, as well as group messaging where investors can chat with friends or share the latest news about investment trends and strategies. If you’re not sure where to start, Public also provides plenty of educational resources to walk you through the investing process.

Public has no account minimum and charges no commission fees, making it an accessible option for investors on a budget. The app also allows investors to purchase fractional shares, allowing them to invest in big-name companies even if they don’t have the funds required to purchase a whole share.

Public also has some good safeguards to help protect individual investors. The app has a no day trading policy, which can put a stop to risky investments. Unlike some other apps, Public also doesn’t sell your trading information to market makers. 

Learn more about Public or read our full review.

Robinhood

  • Investing On The Go? Try These 6 Best Stock Trading App For iPhones - RobinhoodAccount minimum – None.
  • Fees – No commission fees.
  • Tradable assets – Stocks, ETFs, options, cryptocurrency.

Robinhood is one of the biggest names in app-based investing, and for good reason. Robinhood’s mobile app for iPhones is sleek, easy to use, and takes a beginner-friendly approach to investing that will have you buying and selling in no time.

Robinhood has received some criticism for gamifying the investment process and encouraging customers to make risky investments. That said, the platform is still a great option for investors looking to learn the ropes. Like Public, Robinhood allows traders to invest in fractional shares, which means that you can invest in multiple high-performing stocks with just a few dollars.

Another unique feature that Robinhood offers is the ability to invest in cryptocurrency. From established currencies like Bitcoin to up-and-coming ones like Dogecoin, you can buy and sell cryptocurrency all through Robinhood’s handy mobile app.

Robinhood has a $0 account minimum and charges no commission fees, making it easy to get started with just a few dollars. As an added bonus, new users also receive a free stock from Robinhood.

Learn more about Robinhood and read our full review.

 E*TRADE

  • Investing On The Go? Try These 6 Best Stock Trading App For iPhones - E*TRADEAccount minimum – None.
  • Fees – No commission fees.
  • Tradable assets – Stocks, ETFs, options.

If you’re new to investing in the stock market and aren’t sure where to start, E*TRADE is a great option. One of the oldest online investing tools, E*TRADE was founded in 1982. Since then, they’ve built up a reputation as a great place for new investors to buy and sell stocks online.

Recently acquired by Morgan Stanley, E*TRADE boasts a sophisticated mobile app for iPhones, with plenty of ways to invest your funds. Investors can buy and sell stocks, ETFs, mutual funds, options, bonds, as well as investing in IRAs, savings accounts, and managed portfolios.

While E*TRADE doesn’t charge commission fees, and there’s no required account minimum to begin investing, certain types of accounts, like IRAs and prebuilt portfolios, do have account minimums starting at $500.

E*TRADE also offers plenty of resources for beginning investors who need help getting started. While the company may be older than many of its competitors, it doesn’t seem outdated and it’s not difficult to navigate. Investors can sign up for an account in just a few minutes.

Learn more about E*TRADE or read our full review.

TD Ameritrade

  • Investing On The Go? Try These 6 Best Stock Trading App For iPhones - TD AmeritradeAccount minimum – None.
  • Fees – No commission fees.
  • Tradable assets – Stocks, options, ETFs, futures, forex, margins, cryptocurrency, and more.

TD Ameritrade is one of the best options for intermediate investors looking to fully explore their investment options and deepen their investing knowledge. The platform allows investors to trade stocks, options, ETFs, futures, forex, margins, cryptocurrency, and much more.

TD Ameritrade’s trading platform, called thinkorswim, is available for iPhones. In addition to its wide selection of investment products, the company also offers extensive educational resources for investors to learn more about investing, including interactive courses and webcasts.

Thinkorswim also features objective third-party research and excellent customer support, so you can always get a second opinion if you’re not sure what the right move is. With no account minimums and no commission fees, the platform is accessible for investors with small budgets.

TD Ameritrade and Charles Schwab have recently become one company. While the companies’ investing platforms are still separate for now, over the course of the next several years it’s likely that they will merge into one comprehensive tool.

Learn more about TD Ameritrade or read our full review.

Webull

  • Investing On The Go? Try These 6 Best Stock Trading App For iPhones - WebullAccount minimum – None.
  • Fees – No commission fees.
  • Tradable assets – Stocks, ETFs, options, cryptocurrency.

If you’re an experienced investor looking for a tool that supports active trading, then Webull is a great option to consider. The platform allows investors to trade stocks, ETFs, options, and even cryptocurrency.

One nice feature of Webull is that it supports full extended hours trading, which includes full pre-market and after-hours sessions. For day traders looking to make financial moves after the regular day trading period has closed, this makes Webull a superior option.

Webull allows investors to open individual brokerage accounts and IRAs. The platform also offers advanced analytical tools that can help you to make better investment decisions and capitalize on unique investment opportunities.

Webull has a simple, sophisticated app available for iPhones, and investors can get started with an account in just a few minutes. While Webull is an attractive option for investors of all experience levels, it’s especially well-suited to active traders.

Learn more about Webull or read our full review.

Schwab Mobile

  • Investing On The Go? Try These 6 Best Stock Trading App For iPhones - Charles SchwabAccount minimum – None.
  • Fees – No commission fees.
  • Tradable assets – Stocks, options, bonds, mutual funds, ETFs, and other financial products.

Charles Schwab is one of the leaders in the industry when it comes to low-cost investing. Their mobile app for iPhones, Schwab Mobile, allows investors to easily manage their accounts with Charles Schwab on the go.

Schwab’s intelligent assistant is voice-activated and can answer questions, make trades, set up alerts, and more. In addition to brokerage and trading accounts, Charles Schwab also offers IRA accounts, global trading accounts, and plenty of other types of investment accounts.

Charles Schwab is well-known for its low-fee approach to investing. An investing account with the company has a $0 account minimum, and there are no commission fees. Investors have the option of trading stocks, options, bonds, mutual funds, ETFs, and other financial products.

As mentioned above, Charles Schwab and TD Ameritrade are in the process of combining companies. With this in mind, some of the features of Schwab Mobile may change as the platform is more closely integrated with TD Ameritrade’s thinkorswim.

Learn more about Schwab Mobile.

Summary of the best stock trading apps for iPhones

App Account minimum Fees Tradable assets
Public None No commission fees Stocks and ETFs
Robinhood None No commission fees Stocks, ETFs, options, cryptocurrency
E*TRADE None No commission fees Stocks, ETFs, options
TD Ameritrade None No commission fees Stocks, options, ETFs, futures, forex, margins, cryptocurrency, and more
Webull None No commission fees Stocks, ETFs, options, cryptocurrency
Schwab Mobile None No commission fees Stocks, options, bonds, mutual funds, ETFs, and other financial products

How we came up with our list of the best stock trading apps for iPhones

When looking for the best stock trading apps for iPhones, we kept a few features in mind while reviewing apps to include in this list. First and foremost, we looked for companies that offered apps compatible with Apple iPhones.

We also looked for companies with no account minimums and few fees. Especially for beginner investors, stock trading apps with no minimums or commission fees are a much more approachable and accessible way to get started with investing.

Another feature I valued when considering stock trading apps was the number of tradable assets and investment account options. Many of the apps I included featured an extensive array of tradable assets, including typical items like stocks and ETFs as well as new types of assets like cryptocurrency. Several apps also included other investment account options, like retirement savings accounts, in addition to traditional individual brokerage accounts.

What is a stock trading app?

A stock trading app allows you to buy and sell stocks and other investment assets on your phone. Most stock trading apps also allow you to monitor investments, conduct research, and learn more about the investing process.

These apps have made it easier than ever for beginners to start investing, and it’s super simple to manage your investments on the go. You don’t need to be an expert at the stock market to get started, and there are plenty of helpful resources to guide you along the way.

Why should you use a stock trading app?

They’re an accessible option

Sleek, efficient apps are often more approachable than clunky and outdated financial websites. Stock trading apps make it easy to review your investments, make trades, and educate yourself all on your phone.

You can actively trade

If you need to manage your investments on the go or are engaged in active trading, stock trading apps let you do so anywhere, anytime (at least as long as you have reception).

Why shouldn’t you use stock trading apps?

They’re not a set it and forget it approach

If you take a set it and forget it approach to saving and investing, you might not need the additional features that come with a mobile stock trading app.

They’re not great for those living paycheck to paycheck

If you live paycheck to paycheck, investing in penny stocks isn’t the best use of your funds. You should work to pay down high-interest debt and establish a financial safety net before you begin investing.

Most important features of stock trading apps

There are a few things to keep in mind when looking for a stock trading app to manage your investments with.

Ease of use

First and foremost, you want a stock trading app to be easy and intuitive to use. Many apps feature simple, sophisticated designs that make it easy to manage your money.

Low cost

With so many commission-free, monthly fee-free options available, there’s no reason to pay for an app that charges you money in order to be able to buy and sell stocks. Look for a free stock trading app that charges few fees.

Asset variety

If you’re just getting started with investing, you may not be as familiar with some more technical investment assets, like options or cryptocurrency. That said, it’s still a good idea to choose a stock trading app that allows you to invest in a wide variety of types of assets.

Educational resources

Learning to invest and grow your wealth can be intimidating if you’re just starting out in the process. Luckily, many stock trading apps provide helpful libraries of educational resources for their customers.





(Source)