As the stock market experienced its worst first quarter ever in 2020, some retail investors looked at it as a rare opportunity to start building their portfolios for generations to come. In fact, the leading online brokerages, including Robinhood, Charles Schwab, E-Trade, and TD Ameritrade, experienced unprecedented growth with new accounts growing as much as 170%.
Many individuals attribute the spike in new accounts to the increased accessibility of mobile stock trading apps and the ability to buy fractional shares of companies.
If you are looking to start growing your wealth, keep reading to discover the 10 best mobile stock trading apps to get you started investing and on your way towards financial freedom.
1. TD Ameritrade
Few brokers can match the tools and resources that TD Ameritrade provides. Take your stock trading abilities to the next level with the Thinkorswim trading platform that offers a host of features and resources designed for beginners and professionals alike.
2. E-Trade
E-Trade is also considered one of the best mobile stock trading apps for its ease-of-use and resource-friendly platform. The mobile app is well designed to fit the needs of stock and options traders.
E-Trade is easy to sign up for and offers 0$ commission trading to get you started.
3. Charles Schwab
Charles Schwab is a well-respected brokerage that has been changing the industry one step at a time. Currently offering no account minimums and $0 commission, there hasn’t been a better time to sign up.
Schwab’s mobile app allows users to trade and invest with ease, giving users access to a wealth of information and resources dedicated to helping individuals become better investors.
4. Robinhood
A favorite among millennials and younger investors, Robinhood has been blazing its own path since it entered the scene in 2013. Being considered the initial commission-free investment app, Robinhood forced many industry leaders to change how they operate and charge for services.
In fact, even billionaire investors have been outspoken on Robinhoods effects on the stock market. If you are looking to grow your wealth, you have to check out this app.
5. Tastyworks
A newer, lesser-known stock trading app that focuses heavily on options trading is beginning to make a name for itself. Tastywork’s mobile app gives users the ability to trade options with a feature-rich interface, allowing them to go beyond the basics.
6. Fidelity
Fidelity is one of the best stock trading apps overall that is great for any investment style – beginners, professionals, and long term investors.
Although Fidelity offers the fidelity investment app for buying and selling, it doesn’t offer as many charting features as others.
7. Interactive Brokers
If you’re an active stock trader, interactive brokers may be a good fit for you. The fully functional Traders Workstation and mobile app give users the ability to manage their positions and make trades whether they are at home or on the go.
8. Webull
Webull is a newer trading app that offers a modern user face that is easy to navigate. They also offer a ton of free features and resources to get you started trading stocks as well as options.
9. TradeStation
Another one of the best stock trading apps for active traders, Tradestation, offers a high-quality online trading platform that’s great for day traders. The advanced tools and trading community gives investors an edge when it comes to trading.
10. Betterment
For newer investors looking for assistance in trading stocks, Betterment is an excellent option. Betterment offers a user-friendly approach to investing, providing several different portfolio types to choose from based on the investor’s goals and risk tolerance.
Looking for Additional Information on the Best Mobile Stock Trading Apps?
Investing and growing your wealth is one of the most direct paths to financial freedom. These are some of the best mobile stock trading apps currently on the market, offering tons of free resources to help people get started trading stocks and making money.
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