Best Trading Apps for 2021

Best Trading Apps

Mobile apps became very popular. They make your life a lot easier. There is an app for everything now. You can buy flight tickets, book a hotel, or trade on the stock exchange. There are a lot of trading apps out there so, to save you time, we selected the best free trading apps for you. Apps providing free stock, CFD trading, and ETF trading are gaining popularity, so it is worth taking a look at them if you don’t want to spend fortunes on your trading fees!

What are trading apps great for?

Trading apps can be used for trading, learning, charting, finding trading ideas, and also for market data and news. Some of the apps offer all of these features, while others only a few. Don’t worry, we have made trading app top lists for all of these features!

Trading apps are usually offered by financial companies such as online brokers or banks. These apps can be great add-ons to your web or desktop trading platform, but they can also be the flagship product of a company, for instance in the case of Robinhood, Etoro, and Freetrade.

We see trading apps as excellent complementary tools to web-based trading platforms and other financial portals. When you want to buy a stock, you can make fundamental or technical analyses on a computer more conveniently, but it’s easier to follow the price of the stocks you’ve already bought through a trading app. You can also intervene faster via an app, when, for example, you quickly need to sell your stocks.

We have tested the mobile trading apps of more than 70 online brokers. We have selected those, which provide free trading for stocks and ETFs on the US market, are user-friendly, and have great functionalities. If you are interested in comparing these apps, visit our comparison page.

When we tested the mobile applications we looked for:

The top  picks for the best trading apps in 2021

  1. Etoro – Best for Crypto and Copy Trading
  2. XM – Best Market Research and Alerts
  3. IQ Option – Best for combining Binary Options with CFD Trading
  4. Olymp Trade – Best for International Trading
  5. Plus500 – Award-Winning Platform
  6. Webull – Best Trader App
  7. Trading212 – Great Stock and ETF Research
  8. Merrill Edge – Best Portfolio Management
  9. E*TRADE – Lowest Cost and Best Execution
  10. Robinhood – Best App for Stock Trading
  11. TD Ameritrade – Best Self-Directed Trading App
  12. SoFi Active Investing – Free stock and ETF trading
  13. Acorns – Best Options Trading Platform, Best Broker for Advanced Options Traders, and Best Broker for Mobile Options Traders
  14. Zacks Trade – Best Broker for Beginning Options Traders
  15. Charles Schwab – Best Broker for Ease of Trading Experience
  16. Ally Invest – Best Customer Service
  17. You Invest by J.P.Morgan – Best Broker for Low-Cost Options Trading
  18. Fidelity – Best Broker for Beginners and Best Broker for Investor Education
  19. Wealthfront – Best Automated Investing App
  20. Betterment – Best App for Beginners
  21. Interactive Brokers – Best App for Active Traders and Professionals
  22. Tastyworks – Best App for Options Traders

 

Olymp Trade is one of the most popular online brokers in the industry, with over 25,000 clients currently trading on its platform every day.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70%-85% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Webull offers a unique community experience and easy to use trading platforms that will satisfy most young investors, and offer 0% Commission stock and ETF trades.
Trading of stocks and all other investment products involves a substantial risk of loss and is not suitable for every investor. The value of stocks may fluctuate and as a result, clients may lose more than their original investment.
eToro is popular for its easy-to-use copy-trading platform where traders can copy the trades of investors across over 2300 instruments, including exchange-traded securities, forex, CFDs, and popular cryptocurrencies. It also offers 0% commission stock trading.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70%-85% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
XM is considered as the next-generation broker for online forex and commodity trading, XM Global Webtrader is suitable for beginner and seasoned traders alike.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70%-85% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
TD Ameritrade delivers the ultimate package for investors, including $0 trades, fantastic trading platforms, excellent market research, industry-leading education for beginners, and reliable customer service. This outstanding all-round experience makes TD Ameritrade our top overall broker in 2021.
Professional forex and CFD traders seeking a global multi-asset broker will find Plus500 offers a sophisticated, institutional-grade trading platform, and competitive fees.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70%-85% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Fidelity is a value-driven online broker offering $0 stock trades, industry-leading research, excellent trading tools, an easy-to-use mobile app, and comprehensive retirement services. Serving over 30 million customers, Fidelity is a winner for everyday investors.
IQ Option is a leading online broker offering binary options, CFDs, cryptocurrency, and forex trading, with more than 17 million users.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70%-85% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Founded in 1973, Charles Schwab is a full-service brokerage with over $3 trillion in total client assets. As a low-cost leader offering $0 stock trades, Charles Schwab provides investors excellent stock research, quality trade tools, and professional planning for the future.
Founded in 1982 as one of the first online brokerages in the United States, E*TRADE understands what investors need to succeed in the market. E*TRADE highlights include $0 trades, two excellent mobile apps, and the Power E*TRADE platform, which is great for options trading.
While Interactive Brokers is not well known for its casual investor offering, it leads the industry with low-cost trading for professionals. Through the Trader Workstation (TWS) platform, Interactive Brokers offers excellent tools and an extensive selection of tradeable securities. Excellent for professional traders - IBKR offers customers an arsenal of 63 different order types, the most in the industry by a landslide. Margin rates are also the lowest in the industry, across the board.
While Firstrade is easy to use and terrific for Chinese-speaking investors, its overall offering struggles to stand out against brokers who also offer $0 stock trades.
Swissquote is a Swiss investment bank established in 1996. It has two main trading arms: a Swiss unit for trading stocks, funds, options, and futures, and a company in the UK for CFDs and forex.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70%-85% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Backed by parent company Bank of America, Merrill Edge delivers $0 stock and ETF trades with fantastic research and customer service. Better yet, for current banking customers, Merrill Edge's Preferred Rewards program offers the best rewards benefits across the industry. To open an account with Merrill Edge, you do not have to be a Bank of America customer. That said, it is far easier to reach the minimum combined account balance to earn all sorts of perks under the Preferred Rewards program
As a trading technology leader, TradeStation supports casual traders through its web-based platform and active traders through its award-winning desktop platform, all with $0 stock and ETF trades. TradeStation 10 is a desktop-based, downloadable trading platform for online trading that is robust and full of trading tools. In our testing, TradeStation 10 is rivaled only by TD Ameritrade's thinkorswim platform.
For current Ally customers looking to invest in stocks, Ally's universal-accounts experience and easy-to-use website is a convenient solution.
Robinhood is very easy to use; however, now that all online brokers offer $0 stock and ETF trades, Robinhood's lack of trading tools and research leaves it a step behind the competition.
SoFi Active Investing is geared toward young investors getting their start in trading, with commission-free trades of stocks, ETFs, and fractional shares. SoFi also offers cryptocurrency trading. SoFi Active Investing's $0 trading commission and $0 account minimum is attractive to new investors, but a lack of investment choices such as mutual funds and bonds is a drawback for those saving for retirement.
As more people embrace the convenience of cashlessness, tech companies have made it easier to send and receive money instantaneously from a smartphone. One of these services, Cash App, has been increasing in popularity and offers some unique functions compared with other money transfer options, like investing in stocks, getting special savings with “cash boosts” and buying and selling bitcoin.
Saxo Bank, a Danish investment bank founded in 1992, provides online trading and investment services. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK Financial Conduct Authority (FCA).
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70%-85% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CMC Markets is a global CFD and forex broker, founded in 1989. It is regulated by several authorities globally, including the top-tier UK Financial Conduct Authority (FCA). The company is also listed on the London Stock Exchange.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70%-85% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trading 212 is a global CFD and forex broker, but clients can also trade stocks and ETFs free of charge. The company was founded in 2004 and is now headquartered in London. Trading 212 is regulated by the UK Financial Conduct Authority (FCA) and the Bulgarian Financial Supervision Commission (FSC).
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70%-85% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
IG was established in the UK in 1974 and is one of the biggest CFD brokers in the world. It is regulated by several bodies globally, including top-tier regulators like the UK's Financial Conduct Authority (FCA) and Germany's Federal Financial Supervisory Authority (BaFin). IG Group is listed on the London Stock Exchange.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70%-85% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

2021 Overall Trading Apps Ranking

Here are the Overall rankings for the online brokers who participated in our 2021 Trading Apps Review, sorted by Overall ranking.

141 ratings
Review
100%Bonus Welcome Deposit Bonus
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70%-85% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • Low minimum deposit amount
  • User friendly mobile app
  • Variety of payment methods available
50 ratings
Review
0% Commission
Trading of stocks and all other investment products involves a substantial risk of loss and is not suitable for every investor. The value of stocks may fluctuate and as a result, clients may lose more than their original investment.
  • Commission-free trading in over 5,000 different stocks and ETFs
  • No account maintenance fees or software platform fees
  • Leverage of 4:1 on margin trades made the same day and leverage of 2:1 on trades held overnight
70 ratings
Review
0% Commission
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70%-85% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • 15 cryptocurrencies that can be traded 24/7
  • Easy-to-use website and mobile app
  • Great community for cryptocurrency traders
45 ratings
Review
$30 Trading Bonus
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70%-85% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • No commissions
  • Lightning-fast execution
  • Beginners education and live analysis
43 ratings
Review
No Bonus
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70%-85% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • Easy-to-use platform
  • Great account opening
  • Quick and helpful customer support
45 ratings
Review
Up to 100%
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70%-85% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • Low Minimum Initial Deposit Requirement
  • Cutting edge Trading Platform
  • Quick withdrawals
18 ratings
Review
No Bonus
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70%-85% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • Great educational resources are a relief for newbie traders
  • Various plugins help imbue traders with new functionality for order types, charting, technical analysis and indicators
  • Zero-commission and from 0.0 spreads accounts
18 ratings
Review
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70%-85% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
18 ratings
Review
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70%-85% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
18 ratings
Review
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70%-85% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
18 ratings
Review
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70%-85% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

The Evolution of Investing Apps

TD Ameritrade and Robinhood have refined their app experience to a point where a majority of investors can take a mobile-only approach to their portfolio. However, traders and more active investors may never reach this point completely, depending on the strategies they are employing and how complex the trades are. These more desktop-dependent investors still benefit from having the ability to monitor their trades on the go and even open up new positions within reason.

It is worth reflecting on how far the mobile apps of online brokerages have come. The vast majority of mobile apps are stable platforms with streaming data and functional workflows. This wasn’t the case as recently as five years ago when it was difficult to synchronize watchlists between platforms.

As brokers and Robo-advisors have embraced cloud processing and data storage, it’s become the industry standard to offer the same experience on a mobile device as one might have on a desktop platform or website. That is a significant amount of progress for the investing industry overall. We can still pick at layouts and argue about which functions deserve to be included in the mobile version, but the fact remains that investors are closer than ever before to have the market in their hands.

Desktop vs. Mobile Experiences

Rather than producing different apps for their customers who trade on the road, brokers now strive for a consistent experience between desktop and mobile platforms, including sharing watch lists and alerts as well as tools such as stock screeners, portfolio analysis, and depositing checks into your account. Streaming data has made its way to mobile apps along with advanced charting and educational offerings. We’ve seen complex options analysis and trading enabled as well.

With the availability of computers in our pockets, the way people interact with their trading and investment accounts have forced brokers to offer mobile apps along with their traditional desktop platforms.

What is the best stock trading app for beginners?

For beginners in 2021, the best stock trading apps are TD Ameritrade and Fidelity.

Between the two brokers, TD Ameritrade has the edge for educational resources and trading tools. Meanwhile, Fidelity offers a more comprehensive research experience for casual investors.

What is the best free trading app?

The best free stock trading app is TD Ameritrade. Unlike most brokers, TD Ameritrade offers two stock apps: TD Ameritrade Mobile and thinkorswim Mobile. TD Ameritrade Mobile is designed for casual investors. Meanwhile, thinkorswim Mobile is designed for the feature-hungry active trader. Both apps are fantastic.

What is the best app for market news and research data?

Investing.com and Bloomberg are our top picks for best apps for market news and data.

What is the Best app for charting and trading ideas?

TradingView and Stocktwits are our top picks for the best apps for charting and trading ideas.

What is the Best app for learning to invest or trade?

Invstr and Trading Game are our top picks for the best apps for learning.

What is the Best app for CFD and Forex Trading?

XM and Etoro are our top picks for the best apps for trading CFDs and forex

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