Sure, you can use a website for online trading. Websites offer fantastic online trading functionality, but it’s not always convenient to get behind a computer to get your trades sorted out. Apps are a better option, just what you need if you want to quickly react to market news while on the ago. Check our overview of online trading apps to help you choose the app that’s best for you.
Online trading apps are not created equal. Though it is common for apps to have both an iOS and an Android edition the user experience can differ greatly. Let’s look at two of the online trading apps that Apple users love.
One of the first and most well-known online trading companies, E*TRADE offers a mobile app that scores a huge 4.7 / 5 with iOS users. The E*TRADE mobile app offers all the essential online trading features, including real-time market tracking and streaming data. You can trade stocks, mutual funds, ETFs and even complex options with the E*TRADE Mobile app and optionally connect it to your Apple Watch.
iOS users say that using the E*TRADE Mobile app when trading is just really smooth and fast. Use an Android device? The E*TRADE Mobile app for Android is decent, but users are less satisfied – scoring the Android edition of the app usr [3.9] while complaining about clunky aspects of the app.
Another excellent choice if you’re an iPhone or iPad user is TradeStation, scoring an extremely solid 4.6 / 5 from Apple users. The app offers plenty of features for serious, frequent traders including the ability to monitor market depth at a glance and advanced charting features. Every essential trading feature is present, but the app may offer a little less hand-holding compared to E*TRADE.
According to iPhone users the TradeStation app nearly replicates the full set of features of the TradeStation workstation, offering the full and complete ability to keep up to date with your portfolio from anywhere. Android users also like TradeStation, scoring it 4.3 / 5, but there’s mention of the occasional in-app glitch.
Android apps can suffer a little compared to their iOS counterparts. We’ve already highlighted that TradeStation gets good reviews from Android users, let’s look at two other top-rated Android online trading apps:
Just like E*TRADE, Fidelity Investments have been around for ages. Fidelity Investments did a good job with their Android app which scores 4.4 / 5. Like E*TRADE, Fidelity Investments offer additional content that can help you make trading decisions, including news and video content unique to Fidelity Investments.
It’s this learning content that is drawing particular praise from Android users, while user feedback also indicate that all the essential features you need to competently trade online are included in the app. Fidelity Investments for iOS gets all-round praise too, with the app scoring a particularly positive 4.7 / 5.
The Schwab app for Android gets a solid 4 / 5, though as with many other apps the iOS version gets a better score at 4.4 / 5. Either way, Schwab’s Android app offers everything you need to trade online, covering both stocks and ETFs. You get access to Schwab’s entire range of investment products too.
Many reviewers liked that the Schwab app really guides first-time buyers through the stock trading process, while offering a quick and easy way to execute trades for experienced traders. Other users liked the access to real-time information, while offering praise for the solid Charles Schwab customer service.
Most online trading apps will charge you a commission for executing trades. There’s a reason for this: maintaining the infrastructure to support online trading is expensive, the app needs to cover everything from tech and support staff through to insurance against risk. However, you can trade for free if you want to, if you’re willing to skimp a little on functionality. Let’s take a look at a free online trading app.
Available for both iOS and Android, Robinhood offers commission-free trades with no strings attached, though premium accounts with additional features are available at a fee. Nonetheless the free trading functionality is comprehensive, including the ability to trade stocks, ETFs and cryptocurrency.
Users are clearly happy with the free trading on offer, with iOS users giving Robinhood an average rating of 4.8 / 5 while Android users score the Robinhood app an equally impressive 4.6 / 5. Overall users are pleased with the ability to comprehensively trade free of charge, but there are occasional reports of customer service failing to help when needed.