A trading app is a software platform for trading: opening, closing and managing market positions through a financial intermediary like an online broker.
Brokers frequently offer trading apps either for free or at a discount rate in exchange for maintaining a funded account and/or making a specified trades transaction per month. The best trading app UK Â offers a mix of robust features and low fees.
A trading app is a platform that enables investors and traders to place trades and monitor accounts through financial intermediaries.
Typically, trading apps provide features, such as real-time quotes, charting tools, news feeds, and even premium research.
Apps may also be specifically created for specific markets, such as stocks, currencies, options, or futures.
There are two types of trading platforms — commercial platforms and prop platforms.
While commercial platforms are targeted at day traders and retail investors, they are unique because they are easy to use and have an assortment of helpful features, including news feeds and charts.Â
On the other hand, Prop platforms are customized platforms developed by large brokerages to suit their specific requirements and trading styles.
Traders can use varying trading platforms and apps depending on their trading style and volume. When picking a platform, traders and investors should consider the fees and available features. The trading app fee is an essential consideration while choosing trading platforms.
Day traders and short-term traders may require features like level 2 quotes and market maker depth charts to assist in decision-making. In contrast, options traders may need tools specifically designed to visualize options strategies.
 Below are the popular stock trading apps you should consider opening and using to trade your stocks.
Let’s start with the best stock trading app for personal finance focused investors, then highlight other ideal stock trading apps for beginners.
- Webull: Best Stock Trading App for Beginners
Webull is the best trading app for beginners. Webull began in the investing world in 2018 by offering free stock trading in addition to free trades of ETFs, options and cryptocurrencies.
Webull provides access to several powerful tools useful for in-depth trading analysis, making it one of the best stock research and analysis apps. For traders, in addition to the commission-free trading and analytic tools, Webull offers a subscription to Nasdaq TotalView for $1.99/month, allowing you to see Level II quotes. This assists in gaining a better sense of full supply and demand for stock outside of the national best bid offer (NBBO)
- SoFi Invest: Best for personal Finance-Focused Investors
SoFi Invest is an app that allows you to track and trade your money. SoFi Invest is best for automated investing using SoFi’s other personal finance products. Their service allows you to be an active trader by buying and selling offered assets daily or passive through its automated investing service.
- TradeStation Go: Best for Intermediate to Advanced Traders
TradeStation is one of the most high-powered stock trading platforms and apps with analytics tools useful to seasoned professionals. TradeStation comes equipped with brokerage services and trading education resources which cater to its target audience: advanced, active and technically-minded traders.
Beginners to trade could find these services overwhelming. The technical tools and screeners provided are all at or near the top of the class, making it the best stock trading platform for advanced traders.
Other commonly used trading platforms include Interactive Brokers, TD Ameritrade, Robinhood. Whether you’re a beginner trader or more of an expert, there are stock app options to fit your needs. Choose one or more stock apps to try out to start investing your future through stocks.
