There are no two ways about it: Stock trading happens via mobile applications at a higher rate than ever. People choose mobile devices to monitor their investment portfolios and to trade on the go.
Many providers have released mobile apps for stock trading and market research for that very reason.
Today we will present you three of the best stock market apps for trading and three more with great market research.
Quick Look: Best Stock Market Apps for This Year
Overview: What are Stock Market Apps?
Stock market apps are mobile programs with an informative and operational purpose, including:
- Stock market research
- Stock trades
If you have a stock trading app on your mobile device, you’ll be able to open and close trades without your computer handy.
You can even do this while you walk the dog, cook or travel. Other stock market apps will supply you will powerful research while you’re on the go.
What Makes a Good Stock Market App?
A good stock trading app will make you feel like you never left your trading station, will give you access to comprehensive market research and insights and will even give you the ability to trade on the stock market through your smartphone, tablet or smartwatch.
Good Market Research
A good market research will give you access to various news feeds and analyses from reputable sources.
Another feature of good market research is the stock screener to help you filter company shares based on certain financial criteria.
The dynamic live charts are a useful component of your trading toolbox.
You need charts to analyze past price performance and to base your analysis.
Good charts need have various trading tools for analysis and indication. Alerts and signals are will notify you in case a particular event happens.
Some mobile apps will let you implement real trades. Others apps are purely informative in nature. A stock trading app represents a real trading broker.
You should in-depth research to choose the right one for you. Reputable brokers are subject to regulation.
A demo account is also a good trading feature. It lets you practice with virtual money on real market moves.
Ease of Use
This is the most important component of every good stock trading app for mobile devices. Your smartphone is limited compared to your trading station.
Its greatest limitation is the small screen, which makes navigation harder. Your chart analysis and tools application are also harder to operate on a mobile device.
This is why a good stock trading app should perform these with ease. Otherwise, its features are useless.
The Best Stock Market Apps
Based on the criteria above, we ranked the best stock market apps for your mobile device.
Best for Trading Stocks
Thinkorswim has a strong stock market app for mobile devices.
The application is available for both Android and iOS.
Thinkorswim gives you access to a big range of tradable assets:
The tradable assets come with comprehensive charts. You can choose between line chart, bar chart, Japanese candlesticks and more.
You can easily modify the chart time frames to conduct your analysis. The big set of tools and indicators are there to assist your technical analysis.
- The app lets you manage your trades with TD Ameritrade in real time through its friendly interface
- One of the most valuable features of the Thinkorswim app is its news stream and large education section
- You can always practice with paper money without risking any real money
- The app has a live chat support feature with a real-time screen share function
TD Ameritrade is a reputable and highly regulated U.S. broker with years of experience, and security is also excellent.
Thinkorswim is the mobile app that connects TD Ameritrade’s clients to the real stock market moves.
Robinhood is another stock market app available for Android and iOS for trading and market research and is popular because of its extreme simplicity.
The Robinhood mobile application lets you invest in stocks, ETFs and cryptocurrency.
The biggest feature of Robinhood is that it is totally free.
You can deposit whatever amount you want and start trading right away with no commission or spreads.
The app includes research tools like news, market data, and notifications. The application offers basic analysis tools, part of Robinhood’s strategy to keep the app free.
Still, the application includes basic charts to display historical data. The Robinhood’s app is very simple and user-friendly.
This makes it a perfect solution for smartwatches.
Acorns is a passive investing mobile app available for Android and iOS.
Acorns does the investing for you by connecting to your bank account.
It takes small portions of each purchase you make and invests in your portfolio.
Example: You go to a restaurant and you pay $46.50 for dinner.
Acorn rounds up to the nearest dollar (in this case, $0.50) and puts that amount in your account.
It’s a painless investing approach. You spend money, anyway, and a little extra is not likely to affect you much.
The more you pay with your card, the more Acorns adds to your investment account.
Acorn partners with many popular companies like AirBnb. If you spend money with these companies, you get a cashback bonus straight to your Acorns investment account.
Acorns uses your funds to invest automatically in ETFs. The idea of the application is to go beyond the mental barrier where you “don’t have spare money for investing.”
Acorns charges $1, $2 or $3 per month based on your plan. The application is very simple, as it doesn’t have many features.
It’s very easy to use, shows your balance, what you’ve spent, what you’ve saved and earned.
The app also gives access to an entertaining blog that helps you save better and invest smarter.
Best App for Stock Market News and Research
1. Yahoo! Finance
This is a classic market research app.
Yahoo! Finance lets you create your own portfolio. You can follow the stocks that interest you and to set up personalized alerts.
Yahoo! Finance is a comprehensive research app that lets you follow the markets in a very convenient way.
You can customize your own watchlists and the search bar lets you quickly navigate to any asset that interests you.
You can view the financial performance and indicators of a big set of companies.
Also, the app includes interactive charts with a rich set of analytical tools.
The news tab keeps you up-to-date with the hottest investing insights.
MarketWatch is a mobile app for real-time financial news and market data.
The app is available for Android and iOS and it offers in-depth analytical information.
The research at MarketWatch app includes:
- Breaking news stories
- Market analysis
- Streaming market data
You can search for stocks and key company data.
The news section streams information about events that are responsible for price movements, and you can customize your news section based on your watchlist.
The navigation through the app is easy, but it is limited if you don’t create an account.
We’d be remiss if we didn’t mention our own app.
Its main purpose is market research, but it also lets you integrate your broker account and conduct trades from inside the app.
The app has a watchlist feature to add in your favorite financial assets.
You can then keep an eye on the stocks that concern you.
Benzinga lists its assets in details:
- Company data
- Detailed price data
- Market sentiment
The charts come from TradingView and you can choose between 12 different chart types and switch between different time frames.
There are more than 100 available indicators. You can compare different charts and overlay them to compare price moves. There is a rich news feed, split into categories.
One of the categories represents your watchlist. The news only displays the stocks that you have selected. The Benzinga stock market app displays different trading opportunities.
The app has a rich set of notification features, which you can also modify from your profile.
All these features exist in a single app with only five tabs at the bottom. This simplifies navigation.
Compare Stock Trading Apps
Let’s compare the six application based on three criteria:
- Ease of use
Live Trading Offered
App’s Ease of Use
|Thinkorswim by TD Ameritrade||Yes||Advanced||Medium|
As an investor, it is important that you keep an eye on the market even when you’re away from your desk.
If you are looking for trading and research, then you should choose between the first three options we listed. If your priority is the market research, choose among the second set of apps. To get a holistic view of all options, check out the best investing apps available on the market.