Stock trading apps have come a long way since the days of simply turning on a computer. While many people still turn to computers, smartphones have changed the world and provided us with so much convenience that it seems as if everything we need is right in our pockets.
Stock trading apps are an excellent example of this. There are countless stock trading apps available for download, but today we’re going to focus on what is widely considered the best stock trading apps for holding shares.
SaxoTraderGO stands for Saxo’s online trading suite and it includes several applications: mobile trading, web trader and also the option to use it on Mac devices with the Mac Trader which has been discontinued since 2016. Saxo offers apps for Android and iOS devices which are fully functional on their own, so you can use the search function, place orders or switch displays. Saxo also integrates Apple Watch with all of these applications to keep you informed at a glance. Check here for more info on the platform.
Robinhood is currently one of the most popular stock trading apps available. The website was created in 2013 by Vlad Tenev and Baiju Bhatt. The platform is straightforward, with no bells or whistles usually found on other stock trading apps. It makes it perfect even for novice traders, as it’s simple to use but still provides access to market information at your fingertips.
You do not need to pay any annual fees when using the app, so everything you trade is entirely free of charge. It has also been reported that nearly 1 million people have already signed up for an account within the past nine months alone.
E*Trade is another well-known stock trading app that many people use to trade stocks. It’s important to note, however, that E*Trade charges a $6.95 fee for every trade you make, and it has other fees associated with other services as well.
That being said, the service itself offers access to thousands of stocks and can be very useful for those who want quick trades or don’t mind paying the extra fees. Many traders also enjoy using E*trade because information such as market news and gain/loss information is relatively easy to find on their websites.
Openfolio allows you to view what other investors are holding so you know what could be trending at any given time during the day. You can also see a complete portfolio that each user has created, giving you a wide variety of stock trading apps to choose from.
One of the best features about Openfolio is the ability to sync it with other popular social media accounts such as Twitter and Facebook, so you know what’s going on with your investments at any given time.
StockTwits helps traders find new stock trading apps discussed by other users in chat rooms and forums. Suppose you are interested in a particular sector or industry. In that case, this could be an excellent way for you to join in conversations with people who share that same interest and then possibly use their input to help inform your own decisions regarding buying or selling.
Covestor is one of the most popular online portals for traders to choose from when using stock trading apps. It costs $5 per month, but you get unlimited access to their financial advisors, who are dedicated to helping you make the best possible investment decisions. Covestor also has a low-cost ETF service that has no transaction fees, so you can buy and sell certain types of ETFs without having to worry about additional charges.
There are also low-cost index mutual funds available for purchase through Covestor, which makes them ideal if you want simplicity in managing your investments. The website itself offers access to all sorts of information, including market news, opinions from financial advisors and trending stocks.
StockPair is another online platform that allows people to connect with others interested in trading stocks. The website has a straightforward interface that makes it easy to buy, sell or even invest in long-term strategies if you’re not in the mood for anything too complicated. However, it’s important to note that you will be charged per transaction when you withdraw your money because there are no fees associated with using the site itself.
iBillionaire is an app that makes it easy to track the stocks you own, along with how much money you have tied up in each trade. Think of this as a virtual portfolio where all your real-life holdings are combined into one convenient location so you can quickly see how much money you’ve made or lost on everything you’ve invested in. The iBillionaire app is only available for iOS devices, but support for Android devices will be arriving soon.