The best apps for trading make it easier than ever to invest in stocks, mutual funds or other securities. They often feature a minimum deposit that lets you start investing even with just a few bucks, and they also typically offer low or no commissions. Some even let you buy fractional shares, which means you own only a slice of a stock instead of an entire share.
If you want to trade options or other more complicated investments, you’ll need a broker that offers advanced features, such as those found in the TD Ameritrade Thinkorswim app. Others, such as Charles Schwab and Webull, are designed to appeal to both new investors and more experienced traders, with tools like a customizable dashboard, educational content and access to extended hours trading.
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For an investment app that’s less traditional, consider Acorns, which takes the old-school approach of saving your spare change and turning it into investing money and modernizes it by putting it all on your phone. There are no fees to use this app, which makes it an excellent choice for younger investors.
Another bare-bones option is Stockpile, which is geared toward the same audience and offers trading gift cards for stocks or ETFs. More sophisticated apps like Thinkorswim, InvestEngine and Power ETrade provide the kinds of tools that more experienced investors appreciate, including charting tools, research and risk analysis. In addition, many of these apps support multiple account types, including IRAs, 529 education accounts and business trusts.