—TechRound does not recommend or endorse any financial, investment, gambling or trading advice or practices. All articles are purely informational—
Trading stocks isn’t just done from a computer these days; people do it all over the place. Stock market apps for your phone have made it easier than ever to keep track of your finances, trade and follow market trends from anywhere. Trading apps let you keep an eye on your account with just a few taps on your phone, whether you’re on your way to work or just relaxing at home.
Features to Consider With Stock Market Apps
You should know what makes a good trade app before you look at specific apps. Keep these important things in mind:
- The app should have a clear layout that makes it easy to navigate – If an app is too crowded or hard to understand, you might make mistakes, especially when you’re in a hurry
- Real-time data and alerts: Up-to-date market data is essential for making smart choices – Look for apps that let you get live updates and set alerts for certain price or trade changes
- All-In-One Tools – If you’re an experienced investor, advanced tools like charts, technical analysis and tracking features can help you make better choices
- Customisation – You can improve your trade experience by customising things like setting up alerts and managing your account view
Stock Trading Apps for Your Phone
There are various trading apps to consider in the UK:
Robin Hood
Often said that it is easy to use, Robinhood is a popular mobile investing app, especially for people who are just starting out.
- You can trade without having to pay any fees, which makes it a good choice for people who want to save money on fees
- You can also buy stocks, ETFs and even cryptocurrencies with Robinhood
- Two-factor authentication (2FA) is used by the app to help keep your account safe
- Through the Financial Industry Regulatory Authority (FINRA), it also helps protect your account
TradeKing
Online trader E*TRADE has been around for a long time, with a mobile app for handling accounts.
- The app has strong study tools, like detailed stock reports and financial news
- You can buy stocks, bonds, and exchange-traded funds (ETFs)
- Security: E*TRADE works to protect your information from fraud with strong fraud protection features and bank-level security
- E*TRADE doesn’t charge any fees to trade stocks and ETFs, but there may be small fees for trading options and mutual funds
TD Ameritrade (Thinkorswim)
A lot of advanced features make the Thinkorswim app from TD Ameritrade often more suitable for users with a lot of experience:
- Thinkorswim gives you access to powerful tracking tools, live news streams, and data that is updated in real time. The app also lets you trade on paper, which is a great way for beginners to get better without putting real money at risk
- The app has top-notch safety features, such as two-factor authentication (2FA) and constant tracking to help keep your account safe
- When you trade stocks or ETFs online, you don’t have to pay any charges. However, you may have to pay fees for dealing options or other types of securities
Bullen
As a result of its many trading tools and longer trading hours, Webull has become a popular commission-free trading site amongst some traders:
- Webull has advanced tracking tools and lets users trade during longer hours, which gives more options for responding to changes in the global market
- Two-factor login and strong protection are built into the app to help keep your information safe
- When you buy stocks or options with Webull, there are no fees. However, users may have to pay extra to trade on margin or use advanced tools
Things to Think About for Safety When Using Stock Trading Apps
When you’re working with money, you should put safety first. When picking a stock trading app, here are some important safety factors to keep in mind:
- To protect your personal and banking data, make sure the app uses security that is strong enough for banks
- Try to pick apps that offer two-factor authentication (2FA), which can be safer than a simple password
- Look for apps that check for fraud all the time and send you notifications if they find any strange behaviour
- Be careful of hacking efforts and always make sure that the app’s website and customer service staff are real
Looking at Fees and Commissions
It’s important to know how much each app costs because fees can have a big effect on your earnings over time:
- Commission-Free Trading: You can trade stocks and ETFs for free on apps like Robinhood, Webull, and TD Ameritrade. This can be good for new traders who want to keep costs low
- Hidden Fees: It sounds great to have apps that don’t charge you any fees, but some of them do charge hidden fees for things like special features, credit trade, or account maintenance
- Options and Mutual Funds: Some sites may charge extra fees if you trade options or mutual funds. Check the fees every time before you deal
—TechRound does not recommend or endorse any financial, investment, gambling or trading advice or practices. All articles are purely informational—