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In today’s smart world, anything and everything is available in the palm of our hands, aka smartphones. We use them for everything from a simple math calculation to finding our soulmates. It makes sense to use them to make money as well. There are a lot of trading apps that are good. One tap is all it takes to start your investing/trading journey. If you are confused about which one to choose, don’t be. Here’s a list of the 10 Best Trading Apps for 2021:
Top 10 Best Trading Apps To Check Out In 2021
Interactive brokers, also known as IBKR, provides various access to stock options, forex and futures forecasting of multiple markets all over the world. It gives real time streaming data and provides charts wherever necessary so that users get a better understanding about the stock . You can have quick access to trade reports and your account information. There is also a daily update aka a market brief where you get to know the value of your shares.
Schwab mobile is ranked as one of the best apps for beginners. It is a free stock trading app that helps the users to buy any stock, pay or transfer their money among a host of other services. It also has podcasts and videos for users which are played within the app itself. It is very easy to manage the app and is a must try for beginners.
Hashtag Investing is one of the best social networks apps in the trading space. Often users with strategies want to run them past peers but find it difficult to find a strong, like-minded community to do so. Hashtag Investing eliminates that pain point. It has given a very modern twist to the classic ‘forum’ style and that has proven to be a big hit. The chat room is integrated with Slack and users can engage in real-time discussions. You have custom bots that pull in live quotes on chat forums. And the app also offers discounts on partners like Benzinga, WeBull and Trend Spider.
Webull is another excellent app for beginners . At the time of signup, it provides 2 free stocks priced between $2.50 – $250. You are eligible to get two more free stocks at the time of an initial deposit of $100. It covers the live status of all markets from NASDAQ in the US to NSE in India. One of the most important things to note is their zero-commission policy and that you can also trade in cryptocurrencies.
E*TRADE is an all-in-one app in which users can invest, research and trade. It also provides banking services to its customers. One can also trade in mutual funds. It also provides research tools and screeners to keep a track of spot opportunities. It has an education platform which teaches beginners on various trade techniques. The app provides breaking news about the stock market and queries can be cleared through their customer care.
The concept of Merrill Edge is different from all the other apps because it automatically converts your spare cash into stocks. Setting up an account is very easy. Just link your debit or credit card with the app and it takes care of the rest. This is a user-friendly app that provides details on your reports and helps you in managing your accounts. You can trade either in stock or by using mutual funds. Withdrawal is also very easy on this app.
SoFi is one of the best apps for new traders. It is a no-fee investment platform and also offers fractional shares through stockbits. The app also offers basic trading information and price charts to support them. The app has categorized stocks into various groups so that beginners can get a better understanding. Trading can also be done on cryptocurrencies like Bitcoin, Litecoin, ETFs etc.
Thinkorswim is a good choice if you are an expert in trading. There is no recurring fee or minimum balance required to open an account with them. The app is known for its active trade offerings that includes forex, futures, and cryptocurrencies which beginners cannot understand easily. The app has a live CNBC news stream. The main features are advanced chartlines, a calculator for profit and loss, and a service where you can chat and get your queries cleared by specialists.
Ally mobile is a great app for both investments and trades. The app recommends the best stock to invest at that time and also offers to help those who need guidance on the share market. Beginners who don’t know anything about the stock market can consult with specialists to start their investment journeys. The main feature of this app is that it provides complete transaction history and allows you to check your orders. If you are a beginner and need help, then this app is a must try.
Fidelity Investments is one of the better known apps and the parent company itself has been in this field for a really long time. This app is recommended by CNBC because it provides in-depth research on various trades. The main feature of this app is its convenience. One tap and you can invest, pay bills etc . You can also customize your feed based on your preference. This is suitable for intermediaries and experts in the stock market.
These are the 10 apps that felt appealing to me that traders can use . If you haven’t begun to invest and think about it , then definitely go through this article and start investing today.