Best Stock Trading Apps of 2022

The Best Apps for Trading Stocks and More

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In the past, many people did their investing by working with human stockbrokers who helped them execute buy and sell orders. Today, anyone can start trading stocks, bonds, and other securities online with little effort.

In just a short period of time, smartphones have become a ubiquitous part of life, and people are doing more and more things with them while on the go. Most brokers now offer apps you can use to trade stocks on your phone, making it easy to execute trades anytime, anywhere.

Many investing apps are offered by major brokers and let you do the same things you’d do from your online account portal on a desktop or laptop computer. They’re simply a mobile way to access your account.

If you like to take an active role in managing your portfolio or like to make frequent moves with your money, you might be interested in using a stock trading app. We investigated to find the best apps out there, looking at factors such as their ease of use, minimum deposits, and the fees they charge.

Best Stock Trading Apps of 2022

Best Overall : TD Ameritrade Mobile


the TD Ameritrade Logo
  • Minimum deposit: None
  • Fees: None for stock, exchange-traded fund (ETF), and most mutual fund trades; 65 cents per contract for options
  • Account types: Standard, retirement, education, trusts, managed portfolios, margin
Why We Chose It

We selected TD Ameritrade Mobile as our best overall trading app for a few reasons.

First is the ease of using it, both in terms of the user experience when you’re in the app and making trades, and for the low fees and minimums. You can open an account with TD without having to make a minimum deposit, and most trades incur no commissions or other fees. The app itself is sleek and easy to use, making it simple to navigate and manage your account.

Charles Schwab acquired TD Ameritrade in 2019 and will merge TD Ameritrade accounts into its existing ones; Schwab will keep the thinkorswim platform.

TD Ameritrade Mobile’s app also includes a lot of valuable educational material you can use to learn about trading. Your account comes with free access to online courses that help you learn about different investing concepts.

Another benefit of TD Ameritrade is that you can use it to open almost any kind of investing account, from a traditional brokerage to a trust account. You can easily do all of your investing for every purpose from a single app.

Pros
  • Many account types

  • In-depth education tools and courses

  • No minimums to open a normal account

  • No commissions for most trades

Best for Beginners : Fidelity Investments


Fidelity Investments
  • Minimum deposit: None
  • Fees: None for stocks, ETFs, and many mutual funds; 65 cents per contract for options
  • Account types: Standard, retirement, education, trusts, managed portfolios, margin
Why We Chose It

Fidelity is one of the largest brokers in the world, managing more than $10 trillion in assets. Its offering made our list of best trading apps for a few reasons.

One is that you can easily do all your investing from within the app. You can open a traditional brokerage account, retirement accounts, 529 plans or other education savings plans, and other types of accounts with the company. No matter your reason for saving, Fidelity should be able to help you.

Fidelity also makes trading easy for beginners. There are no minimum balance requirements and no minimum amounts needed to invest in Fidelity’s mutual funds. The company even offers zero-expense-ratio index funds, letting you build a diversified portfolio without having to pay any investment fees.

If you prefer to trade individual securities, the app is easy to use for that. You also can trade fractional shares, meaning you can invest in thousands of stocks or ETFs with as little as $1.

Pros
  • Many account types

  • Fractional share investing starting with as little as $1

  • No minimum to invest in Fidelity mutual funds

Cons
  • You can’t trade futures and some other securities

Best App for Options Trading : tastyworks


Tastyworks logo

 Tastyworks logo

  • Minimum deposit: None
  • Fees: None for stocks or ETFs; $1 per options contract to open (max $10 per transaction), none to close; $1.25 per contract for futures; 1% for crypto ($10 max per transaction)
  • Account types: Standard, joint, retirement, trust, corporate, international
Why We Chose It

Tastyworks makes our list because it’s a great broker for people who want to take a very active role with their trading, and who want to trade more than just stocks and bonds.

Where tastyworks shines is with derivatives such as options. Where many brokers will charge high commissions and fees for these types of trades, tastyworks keeps fees low and sets a cap on the fees it can charge in a single transaction. For stock and ETF options and crypto trades, the maximum fee is $10 per transaction, regardless of the size of the transaction.

That means that active options and crypto traders who want to move large amounts of money can do so at a very low cost using tastyworks.

Pros
  • Low fees for derivatives trades

  • Trade a variety of derivatives

  • Multiple cryptocurrencies available

Cons
  • Not designed for beginners

Best Robo-Trading App : E*TRADE Core Portfolios


ETrade logo

 ETrade logo

  • Minimum deposit: $500
  • Fees: 0.30%
  • Account types: Traditional, joint, custodial, IRA
Why We Chose It

While many people looking for a mobile trading app want one because it makes it easy to make trades and manage their accounts on the go, some people want a helping hand when it comes to investing. E*TRADE Core Portfolios offers that assistance at a low cost.

Morgan Stanley completed its acquisition of E*TRADE in 2020. While integration between the platforms continues, some Morgan Stanley resources are available to E*TRADE customers.

When you open an account, you’ll tell E*TRADE what your investing goals are. Based on that information, the program automatically will design a portfolio for you and handle the day-to-day management of your money. All you have to do when using the app is decide when to add funds or when to make a withdrawal. You also can update your goals to adjust your portfolio as needed.

What sets E*TRADE apart from the competition is its low fees, just 0.30% of your invested assets.

Pros
  • Low fees

  • Automatic investment management

  • Low minimum for a robo-advisory service

Cons
  • Higher minimum than other stock trading apps

  • Fewer account types

Best App for Active Traders : InteractiveBrokers


Interactive Brokers

 Interactive Brokers

  • Minimum deposit: None
  • Fees: Varies - Zero to 0.5 cent per share
  • Account types: Individual and Institutional
Why We Chose It

Some people choose to be highly active traders, moving money in and out of securities multiple times a day. Day trading in this way can be a lucrative, if risky, pursuit. Having a powerful stock trading app means you can work from your phone, no matter where you are.

InteractiveBrokers is designed with these active traders in mind. You can use more than 100 order types to buy and sell securities such as stocks and options, and leverage your account balance to trade on margin, increasing your potential gains (or losses).

The pricing structure is transparent, with some trades being completely free and others fractions of a cent per share traded, with a maximum fee of 1% of the trade value.

Active traders also can benefit from the app’s analysis and investment research provided by Thomson Reuters Refinitiv, giving an edge over other traders and letting you find investment opportunities that match your requirements. There are additional research and analysis tools as well.

Pros
  • Many order options available

  • Powerful research tools

  • Designed with active traders in mind

Cons
  • Not beginner-friendly

Final Verdict

Stock trading apps are great ways for people to trade or simply keep an eye on their investment portfolio while they’re on the go. With the right app, you can get help with investment decisions and take steps to grow your savings over time. When looking for the best app for you, consider the account minimums and fees charged, as well as whether the app is designed for traders who fit your profile.

Compare The Best Stock Trading Apps

Company Account Minimum Fees Investments
TD Ameritrade Best Overall None None for stock, ETF, and most mutual fund trades; 65 cents per contract for options Stocks, bonds, ETFs, mutual funds, derivatives
Fidelity Best App for Beginners None None for stocks, ETFs, and most mutual funds; 65 cents per contract for options Stocks, bonds, ETFs, mutual funds, options
tastyworks Best App for Options Trading None None for stocks or ETFs; $1 per options contract to open (max $10 per transaction), none to close; $1.25 per contract for futures; 1% for crypto ($10 max per transaction) Stocks, bonds, ETFs, mutual funds, derivatives, crypto
E*TRADE Core Portfolios Best Robo-Trading App $500 0.30% Managed portfolio
InteractiveBrokers Best App for Active Traders None Varies - Zero to 0.5 cent per share Stocks, bonds, ETFs, mutual funds, derivatives, forex

How Does a Stock Trading App Work?

A stock trading app lets you invest in stocks, bonds, ETFs, mutual funds, and other securities from your phone. You can select the app you want to use based on a few factors, such as the minimum account balance required, the fees it charges, and the investment options available.

Once you’ve chosen an app, you can deposit money in your account and start making trades. In general, it’s best to look for apps that have low minimum-balance requirements and low investing fees.

How Much Money Do You Need To Use a Stock Trading App?

Many stock trading apps, including some on this list, let you get started with very little money. Some let you invest with as little as $1, so almost anyone can start an account using an app.

How Should You Choose the Best Stock Trading App?

Not all stock trading apps are the same and they don’t all target the same group of people.

Beyond thinking about account fees and minimums, think about how you like to invest and the type of investor the app is designed for. Someone who wants a hands-off investing experience will prefer an app focused on mutual fund and ETF investing. Active traders might want one designed for people who like to day-trade derivatives.

Are Stock Trading Apps Safe To Use?

Yes. Most apps are offered by major brokerage companies and let you do the same things that you could do by working with a human broker or through your computer. They simply offer a more convenient way to invest while on the go.

However, keep in mind that all investing is subject to risk, so you should only invest money you can afford to lose.

Methodology

We are dedicated to providing readers with unbiased, comprehensive reviews and ratings of online brokers. Our reviews are the result of months of evaluating all aspects of an online broker’s platform, including the user experience, the quality of trade executions, the products available on its platforms, costs and fees, security, the mobile experience, and customer service. A rating scale was established based on these criteria, collecting thousands of data points that were weighed into a scoring system.