7 Must-Have Free Apps for Trading

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Trading is a tough game. And as such, traders need all the help they can get to stay on top of their game. Luckily, there are several trading apps that can greatly improve your ability to make smart trades and avoid costly mistakes. If you want to take your trading knowledge and skills to the next level, these seven free apps will help you achieve your goal!

The Best Online Brokers For Trading

When you’re choosing an online broker, it’s tempting to narrow down your options to the ones that boast the best trading platform. They offer the latest features and are packed with attractive features. But there are some areas where simplicity beats flash, and low commissions are a perfect example. We’ve looked at all of the brokers available on the market and have highlighted the seven best in terms of usability, user experience, and value for money.

Our top brokers include;

• Robinhood
• Webull
• TradeStation
• OptionsHouse
• Ameritrade Mobile App 
• Etrade Mobile App
• Interactive Brokers

Robinhood

There are two tiers of premium Robinhood accounts: Robinhood Margin and Cash accounts Each tier comes with additional features like instant deposits from bank accounts as well as larger instant deposits from debit cards.

Regulation Information: Robinhood Financial LLC is a registered broker-dealer in the United States and is regulated by the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC). Additionally, it is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), which provides limited protection to customers in case the broker fails. It is important to note that regulations and protections may vary by country, so be sure to research the specific regulations applicable to your location before opening an account.

In conclusion, Robinhood is a popular online broker that offers a user-friendly platform with commission-free trades, making it an attractive choice for investors seeking a low-cost and accessible trading app. With features like fractional share investing, extended trading hours, and access to options trading and cryptocurrencies, it caters to a variety of investment preferences. However, its limited research tools and customer support options may not meet the needs of more advanced investors or those requiring immediate assistance. As a U.S. regulated broker, Robinhood complies with FINRA and SEC regulations, ensuring a degree of security and legitimacy for its customers, although it is essential to understand the regulations specific to your location before opening an account.

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Webull

Webull has an app available on iOS and Android devices so you can keep track of your portfolio while on the go.

Regulation Information: Webull Financial LLC is a registered broker-dealer in the United States and is regulated by the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC). Additionally, it is a member of the Securities Investor Protection Corporation (SIPC), providing limited protection to customers in the event of broker failure. It is important to note that regulations and protections may vary by country, so be sure to research the specific regulations applicable to your location before opening an account.

In conclusion, Webull is a competitive online broker offering commission-free trades on stocks, ETFs, and options, making it an appealing option for investors looking for a cost-effective trading app. Its advanced research tools, user-friendly platforms, and features like extended trading hours and paper trading cater to both beginners and experienced traders. However, Webull’s limited investment options and lack of fractional share investing may be drawbacks for some investors seeking a more diverse range of assets. As a U.S. regulated broker, Webull adheres to FINRA and SEC regulations, providing a level of security for its customers, but it is essential to understand the regulations specific to your location before opening an account.

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TradeStation

TradeStation lets you trade stocks, options, and futures from your phone or tablet with their mobile app. It’s one of the few apps that offer this service in such an easy way–you can open trades directly from their platform. The desktop version allows you to access all markets at once, so you don’t have to switch between different websites just because you want to trade one type of instrument instead of another (such as stocks vs futures).

Regulation Information: TradeStation is a registered broker-dealer in the United States and is regulated by the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC). Additionally, it is a member of the Securities Investor Protection Corporation (SIPC), which provides limited protection to customers in case the broker fails. It is important to note that regulations and protections may vary by country, so be sure to research the specific regulations applicable to your location before opening an account.

In conclusion, TradeStation is a powerful online broker that offers advanced trading tools and resources, catering to professional and experienced traders. With commission-free trades and access to various asset classes, it is an attractive option for investors seeking diverse investment opportunities. TradeStation’s advanced trading platform, algorithmic trading capabilities, and extensive research tools make it a strong contender for more advanced traders, although beginners may find its features overwhelming. As a U.S. regulated broker, TradeStation adheres to FINRA and SEC regulations, ensuring a level of security for its customers; however, it is crucial to understand the regulations specific to your location before opening an account.

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E-Trade Mobile

E-Trade’s Mobile app is easy to use, has a clean interface, and comes with a built-in news feed that can help you stay up-to-date on the latest market news. The app is available for both iOS and Android, and it offers a free trial of its pro features. You can also monitor your portfolio and watchlist, get real-time market data from world markets, receive push notifications for breaking news, and more.

Regulation Information: E-Trade Mobile is a registered broker-dealer in the United States and is regulated by the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC). Additionally, it is a member of the Securities Investor Protection Corporation (SIPC), which provides limited protection to customers in case the broker fails. It is important to note that regulations and protections may vary by country, so be sure to research the specific regulations applicable to your location before opening an account.

In conclusion, E-Trade Mobile is a user-friendly and comprehensive online broker, offering commission-free trades and a range of investment options to help diversify portfolios. Its mobile app is intuitive, and advanced research tools and educational resources make it an attractive option for investors seeking comprehensive market data and analysis. E-Trade Mobile’s automatic investing feature and dedicated customer support also provide convenience and assistance for investors. However, its account minimums and limited cryptocurrency support may be drawbacks for some investors. As a U.S. regulated broker, E-Trade Mobile is compliant with FINRA and SEC regulations, ensuring a level of security for its customers. It is crucial to understand the regulations specific to your location before opening an account, as regulations and protections may vary by country.

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TD Ameritrade Mobile Trader

The reason this particular platform is so great is there are no commissions when using it! Instead of paying a fee every time you make an order as some other trading platforms require, TD Ameritrade only charges fees if you’re selling stock within 90 days after purchasing it–and even then, only if your profit margin is less than $1 per share.

Regulation Information: TD Ameritrade Mobile Trader is a registered broker-dealer in the United States and is regulated by the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC). Additionally, it is a member of the Securities Investor Protection Corporation (SIPC), which provides limited protection to customers in case the broker fails. It is important to note that regulations and protections may vary by country, so be sure to research the specific regulations applicable to your location before opening an account.

In conclusion, TD Ameritrade Mobile Trader is a comprehensive online broker that offers a user-friendly mobile app, commission-free trades, and a diverse range of investment options to help diversify portfolios. Its advanced research tools, educational resources, and automatic investing feature make it an attractive option for investors seeking in-depth market analysis and disciplined investing. TD Ameritrade Mobile Trader’s dedicated customer support also provides convenience and assistance for investors. However, its limited cryptocurrency support and lack of fractional share investing may be drawbacks for some investors. As a U.S. regulated broker, TD Ameritrade Mobile Trader is compliant with FINRA and SEC regulations, ensuring a level of security for its customers. It is important to understand the regulations specific to your location before opening an account, as regulations and protections may vary by country.

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Interactive Brokers

The broker lets you trade from your phone or PC using its web-based platform. This can be a great option if you’re looking for more flexibility in what you can do when trading since the app is fairly limited.

Regulation Information: Interactive Brokers LLC is a registered broker-dealer in the United States and is regulated by the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC). It is also a member of the Securities Investor Protection Corporation (SIPC), which provides limited protection to customers in case the broker fails. Additionally, it is regulated by various other financial regulators worldwide, including the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC) in Australia. It is important to note that regulations and protections may vary by country, so be sure to research the specific regulations applicable to your location before opening an account.

In conclusion, Interactive Brokers is a comprehensive online broker that offers low fees, advanced trading tools, and a diverse range of investment options to help diversify portfolios. Its powerful trading platform and research tools make it an attractive option for professional and experienced traders seeking in-depth market analysis and algorithmic trading capabilities. However, its complexity may be a disadvantage for beginners, and some of its advanced features may require minimum balances, which could be a barrier for investors with limited capital. As a U.S. regulated broker, Interactive Brokers adheres to FINRA and SEC regulations, providing a level of security for its customers. Additionally, it is regulated by various other financial regulators worldwide, ensuring a global standard of compliance. It is important to understand the regulations specific to your location before opening an account, as regulations and protections may vary by country.

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Google Finance

You can use Google Finance to search for any company’s ticker symbol or name, then see their stock price history over time. This is helpful if you’re trying to find out if a company has been doing well lately or not doing so well lately (so you know whether or not it might be worth buying).

In conclusion, Google Finance is a valuable free app for users seeking comprehensive financial information and an easy-to-use interface. The app offers a wide range of features, such as customizable watchlists, portfolio tracking, and integration with other Google products. However, it does have some limitations, including the lack of advanced technical analysis tools and direct brokerage integration. Overall, Google Finance is well-suited for those who want a convenient way to monitor their investments and stay informed about market news and trends.

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Factors to Consider When Choosing an Online Broker

If you’re a new trader or investor, it can be hard to know which online broker is the best for your needs. There are many different factors to consider, and even experienced traders may find that their situation changes over time and requires a new brokerage. The most important things to consider are:

Regulation

Is the online broker you want to use regulated? This important factor can help users avoid falling into scams. Make sure that the broker you want to use is regulated! Online brokers’ operations are monitored by regulators, which means you can be assured that your money is safe when trading with such a company.

Trading tools

The best brokers offer advanced trading tools such as charting packages, news feeds, and real-time market data analysis services. These tools help traders make better decisions about their trades and increase their chances of success in the market.

Trade commission

Some brokers offer commission-free trades while others charge commissions on both sides of every transaction (buyer’s fee & seller’s fee). This can vary depending on the account type, so it’s important for investors looking for low-cost trading options to consider these costs before opening accounts with any broker.

Customer service

Having access 24 hours per day 7 days per week is crucial because it means investors never have downtime when there could be opportunities available only during certain periods; having someone available 24/7 also helps prevent mistakes from occurring due to technical problems.

Mobile trading experience

Today, most people use smartphones instead tablets because phones are more portable. Almost everyone has a smartphone, but not all trading platforms have a seamless user experience on mobile. This is why we listed out our top trading platforms with great mobile apps aimed specifically at helping traders stay connected wherever life takes them.

Advantages of Using A Regulated Broker

You might have heard the term “regulated broker” thrown around in the world of trading. But what does that mean, and why should you care?

Regulated brokers are more secure than unregulated ones because they have to follow strict rules set by regulatory bodies like FINRA (Financial Industry Regulatory Authority). In addition to having to adhere to these regulations regarding how much money they can lend out and how much margin is required for each trade, regulated brokers also offer better customer service than their unregulated counterparts. This means that if there is ever anything wrong with one of your trades or if there’s an issue with your account, you’ll likely be able to get help right away instead of waiting on hold for hours at a time, like some other sites might require.

Regulated trading platforms give traders access to more options when it comes down to making trades–whether those options include different types of accounts or just different ways in which funds are deposited into those accounts (e.g., bank wire vs ACH).

Risks Associated With Trading

As with any investment, trading has its risks. These include:

• Volatility – The price of an asset can fluctuate significantly in a short period of time. This means that you could lose money if your trade doesn’t go as planned, even if you’re right about the direction of the market overall.
• Margin – When you borrow money from your broker to buy or sell securities on margin, it’s called leveraging and may expose you to significant losses beyond those already inherent in trading. You must maintain minimum equity requirements at all times or risk being forced out by the exchange before any losses are covered by collateral held by them against your account balance; this may result in further losses.
• Fees – Fees vary widely among brokers but can be high compared with other investments such as mutual funds or ETFs (Exchange Traded Funds). Fees include commissions charged per transaction plus interest charged on trades.

Conclusion

With the right apps, you can make trading easier and more profitable. These seven free trading apps will help you stay on top of financial news and data, find new opportunities for profit, manage your portfolio, and keep track of your investments.