With COVID-19 paralyzing various sources of livelihoods, it’s vital to look for alternatives to keep you going. Whether you are a beginner or an expert in stock trading, it’s worth trying out. Don’t worry about the “stay-at-home” measures since you can do it via mobile-friendly apps and still have a seamless experience. Here are some apps to help you start your investment journey.
Robinhood
Robinhood offers you free premium membership, making it hassle-free for new investors. Additionally, there is no maintenance fee and commissions. You can access deposits worth less than $1000 instantly without waiting for three working days.
After making a deposit, you can search for a given firm and monitor one with high dividend stocks to invest accordingly. You then trade in ETFs, cryptocurrency, options, and stocks on your mobile phone.
Plus500
Plus500 is a popular option for traders due to well-detailed information on the past stock position. The app is available in all operating systems and has a chat option in case of inquiries. It allows you to trade in various markets and still track real-time quotes at an affordable fee.
You can try out their demo account in case you are a beginner and gradually emerge as a CFDs expert. The platform also allows you to integrate all your trades using one screen.
TD Ameritrade
As an advanced trader, you can use TD Ameritrade Thinkorswim mobile app, which suits that professional level. They have excellent pricing suitable for everyone who wants to manage finances at the comfort of their home. Accessing your account via a brokerage account requires no fee or minimum deposit balance to trade.
As a beginner, you’ll find it easy to maneuver through the features, no matter the app you choose. There is a wide range of tradable assets, including bonds, stocks, mutual funds, ETFs, among others.
E*Trade
E*Trade has excellent experience in trading online since they were the pioneers of online investment. You can download their app, which has attractive features to let you transact on your android or iOS device. Additionally, there are educational details to enable you to trade faster.
There is no commission charged for ETFs or stocks and you’ll enjoy high speeds and accuracy while trading. You also have access to performance tools to test your portfolio of assets and assess your investment risk.
Interactive Brokers
Experts in trade are always on the lookout to make an investment decision. Interactive Brokers is an excellent option for masters looking for a low-cost platform. You get access to global markets at the lowest margin rates. It has two pricing plans: IBKR Lite for casual investors and IBKR Pro for professionals.
You can trade a wide range of securities from options, futures to stocks. Interactive brokers support mobile trading on all devices, with high capability to fast stream data.
Acorns
As a beginner, Acorns suits your needs since you’ve never traded and aren’t willing to get too active. You will love their app, which is simple to use due to the Robo-advisors who help you to grow your savings gradually. Once you open an account, your purchases and investments get tracked daily to avoid any risks.
You won’t need a minimum account balance. However, there is a $1 monthly fee charged on the taxable investment account, $2 to add an IRA, and $3 on Acorns spend and checking account. Also, you pay taxes once you earn dividends on your portfolio, but it’s not the case on an exempted investment account.
Fidelity
If you are a beginner with a long-term focus in trade, Fidelity Investment is the right choice. You get a lot of services and a wide range of investment types and accounts. The Fidelity app is compatible with your iOS and Android device to enable you to trade and manage your accounts with ease.
There is no requirement for a minimum deposit or commission fees, only a 65 cent fee per options contract. You can choose different accounts from education, retirement, and brokerage. It allows you to trade on stocks, fractional shares, mutual funds, ETFs, among many.
Have you always wanted to be a stock trader? With the introduction of AI and intuitive software, the above apps have great features for you to access real-time data and trade seamlessly. No matter your experience level, you can invest and manage your money on the go.
