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6 Useful Apps Every Trader Should Install On Their Mobile Device

Like in pretty much any industry, mobile platforms have started to play a huge part. The conveniences smartphone and mobile applications are offering to business people are undeniable. And when it comes to stock traders, the situation is no different.

Whether you’re new at this or a seasoned trader, the tools these mobile apps are providing you are extremely valuable. However, there are numerous options available on the internet and choosing the right one can be difficult.

Here are the top 6 apps that can be very useful to any trader.

Webull

If you’re looking for a mobile experience where many features will be free of charge then Webull is a good option. Even contract fees, which are charged for in many other platforms, are free here. However, this app is not completely free. You will have to cover the costs for margin borrowing and short selling.

Although relatively new on the scene, this app is quite strong and it provides regular updates. This means they are really trying to give their users what they need and want. You will have at your disposal multiple tools that will make the stock trading process run smoothly. Among other things, it also supports voice commands which can come in handy.

IQ Option

Founded in 2013, IQ Option is known for its intuitive trading platform. Among the reasons why this app would be labeled as a safe and reliable online broker are a wide range of investment options, responsive customer service, binary options, and CFD trading. Also, it has highly competitive fees which is always a nice addition to the mix.

IQ’s features and capabilities is what has gotten the platform numerous rewards. The variety of financial instruments will appeal to both new and experienced traders. These include forex, ETFs, stocks, cryptocurrencies, digital and binary options. What most traders like about this app is the low minimum deposit, free demo account, and accessibility.

SoFi

Those who are just starting as traders should consider installing SoFi onto their phone. Given the fact that it offers a user-friendly platform with no fees whatsoever, it’s definitely the right choice for beginners. The cryptocurrency is available for users but each trade has a built-in 1.25% fee.    

The reason why it’s a good choice for beginners is due to the simple and easy-to-use interface, collection of stocks and ETFs. You will be able to navigate the platform with ease and access some valuable features without charge.

Charles Schwab

One of the best picks when it comes to mobile trader apps is definitely the Schwab. No matter whether you’re a beginner or an expert when it comes to investing, this platform will be able to satisfy all your needs. Making an account with Schwab brokerage includes free stock and ETF trades and without minimum balance requirements or recurring fees.

You will be able to monitor and manage your account completely, track the status of your trade, check the market data in real-time, and even stream CNBC TV. Although it might seem like too many features for a beginner, the user-friendly platform will make everything run rather smoothly. And if you’re a more experienced investor, you will really enjoy all the options that come with Schwab mobile app.

E*Trade

This company has been in the trade business for a really long time. They were founded back in 1982 and with such rich history it’s no surprise that they have a lot to offer to traders of all sorts. The platform has evolved with time and now they are providing their customers a user-friendly and feature-filled mobile app.

If you opt for this app, you will get an account that doesn’t require minimum balance or recurring fees. Also, stock and ETF trades are complete free of charge. You will have access to Bloomberg TV, third-party research, and breaking news alerts. It is possible to upgrade to Pro level if your trader skills are advanced.

TD Ameritrade

By creating an account on TD Ameritrade you will not have to meet the minimum balance requirements, pay recurring fees or commission for stock or ETF trades. The company provides users with two apps. One offers simple experience for those who are casual investors while the thinkorswim app is created to meet the needs of those who are more serious about the trade.

No matter whether you’re just a beginner or an expert trader, these apps will be able to help you in making and tracking your investments anyplace and anytime you want. Most of them are offering basic account features free of charge which is another thing that makes them appealing to people who like to trade stock.        

6 Useful Apps Every Trader Should Install On Their Mobile Device was last updated December 25th, 2020 by Charlene Brown
6 Useful Apps Every Trader Should Install On Their Mobile Device was last modified: December 25th, 2020 by Charlene Brown