18 Best Trading Apps
Trading in financial markets directly from the comfort of your home or anywhere can be quite exciting and profitable if done right. With the advent of smartphones and faster internet connectivity, trading apps have become increasingly popular among all types of traders across the globe. Thanks to these apps, you don't need to be stuck in front of a computer to keep track of market trends anymore. Here are the top 18 trading apps that are considered to be the best for 2023.
18 Best Trading Apps 2023
1. E*TRADE makes it easy for beginners and seasoned traders alike to get started trading. They offer an intuitive platform with comprehensive trading tools and educational resources.
2. TD Ameritrade: Known for its advanced trading platforms, diverse research resources, and excellent customer service, TD Ameritrade offers a robust trading experience to both novices and professional traders.
3. Robinhood: This groundbreaking trading app has gained prominence due to its commission-free trades and easy-to-use interface. Despite recent controversies, it remains a popular choice for many, especially among younger traders.
4. Fidelity Known for its impeccable customer service and excellent research, Fidelity offers an intuitive trading platform that appeals to both beginner and more experienced investors.
5. MetaTrader 4: MetaTrader 4 is immensely popular among Forex traders for its advanced analytical technologies, automated trading scripts and the ability to create custom indicators.
6. Interactive Brokers: This trading app is renowned for its phenomenal range of tradable securities, advanced trading tools, and professional-grade trading platform.
7. Webull: Offering commission-free trades and a rich suite of tools for technical analysis, Webull is ideal for intermediate to advanced traders.
8. Ally Invest: Ally Invest is user-friendly and comprehensive, offering a wide array of investment options and excellent customer support.
9. Charles Schwab: Charles Schwab provides a user-friendly trading platform and offers an extensive selection of investment options, making it ideal for beginners to advanced traders.
10. Tastyworks: Tastyworks specializes in options trading but also supports other asset classes, known for its innovative technology and user-friendly interface.
11. eToro: eToro is a social trading platform, allowing users to mimic the strategies of expert traders. It offers an array of securities, including cryptocurrencies.
12. Merrill Edge: Brought to you by Bank of America, Merrill Edge provides an integrated trading experience letting users manage their banking and investment accounts on the same platform.
13. Plus500: This is a popular app for CFD trading with over 2000 instruments. It offers a clean interface and easy-to-use platform.
14. ZuluTrade: This social trading platform allows you to copy the trades of successful traders. It’s ideal for beginners who are still learning the ropes or those who prefer a more passive approach to trading.
15. TradeStation: TradeStation is a top-rated online broker catering to active traders with its powerful trading platform and comprehensive trading tools.
16. Acorns: Acorns is not a trading app in the traditional sense, but a micro-investing app that rounds up your purchases to the nearest dollar and invests the spare change.
17. Betterment: Betterment is a robo-advisor that handles your investments automatically. You just input your goals and the app will take care of the rest.
18. Stash: Another micro-investing app, Stash, allows you to invest your spare change in various ETFs and individual stocks.
Each of these trading apps comes with its own sets of strengths and weaknesses. Some are better suited to beginners, while others cater to experienced or professional traders. Some offer extensive securities, while others focus more on a specific type of asset. The right trading app for you largely depends on your skill level, trading goals, preferred asset classes, and personal preferences. It's essential to take the time to research each app and understand how it aligns with your trading strategies and goals. Happy trading!
