Best Apps for Stock Trading in 2024: A Comprehensive Guide

Why You Should Use a Stock Trading App

Investing has evolved dramatically over the past decade. Gone are the days when you had to call your broker to buy or sell stocks. Today, all you need is a smartphone and a good trading app to make trades from the palm of your hand.
But why should you opt for a mobile trading app over a traditional desktop platform? The answer lies in convenience, ease of access, and real-time data. With an app, you can quickly check market trends, get instant notifications, and make trades, no matter where you are.
Additionally, most of these apps now offer commission-free trading, allowing you to save on fees and invest more of your money. From fractional shares to in-depth research tools, the top apps in 2024 provide an all-encompassing solution for every type of investor.
But with so many options available, how do you pick the right one? Let’s break down the top stock trading apps for 2024 and why they should be on your radar.

1. Robinhood: Best for Commission-Free Trading

Robinhood has been a trailblazer in the mobile stock trading world. When it launched, it revolutionized the industry by offering commission-free trading for stocks, ETFs, and cryptocurrencies.
In 2024, Robinhood remains one of the top choices for beginner investors who want an intuitive and easy-to-use app. The app features a clean interface that allows users to quickly view their portfolio, track stock performance, and execute trades with minimal effort.

• Key Features:
  • Commission-free trading on stocks, ETFs, options, and cryptos.
  • Fractional share investing, allowing users to buy small portions of high-priced stocks.
  • Robinhood Gold: For $5 a month, users get access to premium features such as professional research, larger instant deposits, and the ability to trade on margin.
• Pros:
  • No account minimums.
  • Beginner-friendly interface.
  • Fast and simple execution of trades.
• Cons:
  • Limited research tools compared to other apps.
  • No support for mutual funds or bonds.
  • Best For: Beginner investors and those seeking low-cost, hassle-free trading.

2. TD Ameritrade: Best for Advanced Traders

TD Ameritrade offers one of the most robust platforms for seasoned traders. Known for its high-level trading tools, it’s ideal for both beginners and advanced users who want access to in-depth research, live streaming of financial news, and real-time stock market data.

• Key Features:
  • Thinkorswim Platform: This is one of the most powerful trading platforms in the industry, allowing for deep technical analysis, strategy testing, and paper trading (simulated trading).
  • Commission-free trading on U.S. stocks and ETFs.
  • Advanced charting tools and technical indicators.
• Pros:
  • Extensive research and data tools.
  • Educational content, including webinars and tutorials, for all skill levels.
  • The ability to trade everything from stocks and ETFs to futures, forex, and options.
• Cons:
  • May be overwhelming for beginners due to its complexity.
  • Best For: Active traders and those who want advanced charting and analysis tools.

3. E*TRADE: Best for Mobile Trading

E*TRADE is one of the most well-known platforms, having been in the game for decades. In 2024, it continues to excel in offering a full suite of features that cater to both active traders and passive investors.

• Key Features:
  • Commission-free trades on U.S. stocks, ETFs, and options.
  • ETRADE’s Power ETRADE: This advanced trading platform offers customizable charting tools, live market data, and options strategies for experienced traders.
  • Access to managed portfolios for those seeking professional management of their investments.
• Pros:
  • Excellent mobile app experience with real-time data and trade execution.
  • No account minimum for brokerage accounts.
  • Great customer support, available 24/7.
• Cons:
  • Fees for broker-assisted trades.
  • Best For: Investors who want a balance of user-friendly features and advanced tools.

4. Webull: Best for Active Traders

Webull has quickly gained popularity, especially among younger, tech-savvy traders. It offers commission-free trades on stocks, ETFs, options, and crypto, making it a versatile platform for active traders.

• Key Features:
  • Commission-free trades across various asset classes, including cryptocurrencies.
  • Paper Trading: Allows users to practice trading with virtual money, making it perfect for those who want to test their strategies before going live.
  • Advanced charting tools with technical indicators.
• Pros:
  • No account minimums.
  • Extended trading hours.
  • Intuitive mobile app with real-time market data and alerts.
• Cons:
  • No mutual funds or bonds available.
  • Limited educational resources for beginners.
  • Best For: Active traders looking for a sleek, modern platform with extensive market data.

5. Fidelity: Best for Long-Term Investors

Fidelity is one of the most trusted names in the financial industry. Known for its customer service and low-cost investment options, Fidelity is a great choice for long-term investors looking for a comprehensive platform.

• Key Features:
  • Commission-free trades on U.S. stocks, ETFs, and options.
  • Access to a wide range of mutual funds and index funds, many of which have no minimum investment.
  • Excellent research tools and a vast library of educational content.
• Pros:
  • No account fees or minimums for most accounts.
  • Fractional share investing available.
  • Access to Fidelity’s robo-advisor, Fidelity Go, for automated portfolio management.
• Cons:
  • The mobile app is less feature-rich compared to some competitors.
  • Best For: Long-term investors who value research, retirement planning, and low-cost funds.

6. SoFi Invest: Best for Beginners and Financial Planning

SoFi Invest is part of SoFi’s suite of financial tools that aim to simplify money management for the average person. Alongside student loan refinancing and personal loans, SoFi Invest provides an easy way to start investing with zero account minimums and commission-free trades.

• Key Features:
  • Commission-free trading of stocks, ETFs, and cryptos.
  • Access to automated investing portfolios with no management fees.
  • Educational tools and resources for beginner investors.
• Pros:
  • Easy to use for beginners.
  • Free financial planning with certified advisors.
  • Integration with other SoFi financial products for a more holistic money management experience.
• Cons:
  • Limited investment options compared to more established platforms.
  • Best For: Beginners looking for an all-in-one financial app that includes investing.

Conclusion

In 2024, stock trading apps continue to evolve, offering more features, better tools, and more affordable options for every type of investor. Whether you're just starting your investment journey or you're a seasoned trader, the apps on this list provide the flexibility, resources, and support you need to succeed in the stock market. The key is to understand your own investment style, whether you prioritize cost, research tools, or ease of use, and choose the app that best meets your needs.

Invest wisely and leverage the power of these apps to build a strong financial future.