April 13th, 2019 | Updated on June 28th, 2022
Thanks to many stock trading mobile apps available in the market, investing has become far more easier and cheaper than ever. Different person looks for different criteria while looking for a stock trading app. Here we have picked up five best apps which help you invest for free or take minimum charges.
1. M1 Finance
This app is best for passive investors. Through its investing app you can set up a portfolio and invest into it. No platform cold be better than this for those who invest in individual shares and low-cost ETFs. You will be assisted by its behavioral alpha and low-cost brokerages.
Can’t set up investment portfolio on your own? Don’t worry, you can choose from plenty of already setup portfolios as well.
Since it is a member of SIPC , it protects securities up to $500,000. However, SPIC does not give you protection against loss in the market values of securities.
2. Fidelity
You don’t have to keep minimum amount to open. Neither does it charge maintenance fees. This app allows you to invest for free, irrespective of the size of the investment. Your investment size could be as little as $5. It is a truly free investing app as it does not charge even management fees.
Despite having lots of features, it is easier to use, as all features work well together. Fidelity is the only broker to list the price improvement received on eligible orders.
If fee is not an issue for you, you can avail of its full-service investing broker facility.
3. Stash
If you are looking for unlimited trading, education and opportunity than Stash is the best app for you. Here, you can start investing with just $5. You can also build your own investment portfolio. Its Smart-Save tool analyzes your spending to help you save money when you have a little extra to spare.
4. TD Ameritrade
Wherever you are, if you have this app installed in your mobile, you can monitor the market, research investment ideas and trade everything from stocks to options.
What stands it apart from the rest is the fact it has no minimum and no maintenance fee IRAs.
Although more than 100 commission free ETFs are available on this platform, but not all ETFs are free. TD Ameritrade charges for some ETFs, mutual funds, and equity trades.
5. Robinhood
Clean user interface and basic research tools are its most attractive features. Plus, it is also free. You can buy and sell stocks without being charged. No matter, whether you are a newcomer or an expert, here you will get a clear picture of how your portfolio has performed over time. You can also make bigger instant deposits with Robinhood Gold. It also has tools and features which help you find the right moment to invest.
