10 Best Stock Trading Apps in 2024 (Ranked and Reviewed)
Stock trading has become more accessible than ever thanks to mobile technology. In 2024, dozens of stock trading apps cater to everyone from beginner investors to advanced day traders. Whether you’re looking for commission-free trading, advanced charting tools, real-time alerts, or fractional shares, there’s an app for you.
This detailed guide explores the 10 best stock trading apps in 2024, covering their key features, pros and cons, fees, usability, and who they are best suited for. If you’re planning to start investing or want to switch to a more efficient platform, this list is built to help you make an informed decision.
1. Robinhood – Best for Commission-Free Trading:
Overview:
Robinhood remains a favorite for beginners in 2024 due to its intuitive design and zero-commission model. It’s ideal for users seeking a simple and accessible way to trade stocks, ETFs, and cryptocurrencies.
Key Features:
- Commission-free trading
- Real-time market data
- Fractional share investing
- Cash card integration
- Cryptocurrency trading support
Pros:
- User-friendly interface
- No account minimum
- Quick account setup
Cons:
- Limited research tools
- No retirement accounts or mutual funds
Best for: Beginners looking for zero-commission trades.
2. Fidelity – Best for Long-Term Investors:
Overview:
Fidelity is a trusted platform with a reputation for reliability, research tools, and retirement planning. It offers a comprehensive suite of investment options beyond just stocks.
Key Features:
- No trading commissions for stocks and ETFs
- Advanced research and educational content
- Robo-advisory features
- Retirement and IRA accounts
- In-depth analyst reports
Pros:
- Excellent customer service
- Comprehensive asset offerings
- High-quality research tools
Cons:
- Interface can be complex for new users
Best for: Long-term investors and retirement planners.
3. E*TRADE – Best for Research & Analysis:
Overview:
E*TRADE is ideal for users who want to combine ease of use with deep research capabilities. It caters to both active and passive traders.
Key Features:
- $0 commission stock trades
- Professional-grade charting and analysis tools
- Pre-built portfolios
- Learning center with courses and webinars
- Paper trading simulator
Pros:
- High-quality mobile app
- Powerful research tools
- Great for both beginners and experienced traders
Cons:
- Advanced tools may require a learning curve
Best for: Users who value detailed analysis and educational content.
4. TD Ameritrade – Best for Advanced Traders:
Overview:
TD Ameritrade, now owned by Charles Schwab, continues to offer one of the most robust trading experiences with its Thinkorswim platform.
Key Features:
- Thinkorswim trading platform
- Real-time streaming quotes
- $0 stock and ETF commissions
- Customizable dashboards
- Educational library with tutorials and live sessions
Pros:
- Elite-level tools and analysis
- Excellent customer support
- Strong mobile trading experience
Cons:
- May be overwhelming for new traders
Best for: Advanced traders seeking powerful analysis tools.
5. Webull – Best for Intermediate Traders:
Overview:
Webull blends simplicity with advanced features, making it a go-to app for intermediate-level investors who want a balance of ease and depth.
Key Features:
- Commission-free trading
- Extended trading hours
- In-depth technical indicators
- Community features
- Cryptocurrency support
Pros:
- Clean user interface
- Robust charting options
- No minimum deposit
Cons:
- Limited educational resources
- Doesn’t support mutual funds
Best for: Intermediate traders looking for advanced features at no cost.
6. Charles Schwab – Best for Full-Service Investing:
Overview:
Charles Schwab is a full-service broker with a comprehensive mobile app that allows trading, banking, and retirement planning all in one.
Key Features:
- Schwab Stock Slices (fractional shares)
- No commissions on stock and ETF trades
- Access to mutual funds and bonds
- Robust research and news feeds
- 24/7 customer support
Pros:
- Strong research and tools
- Great for long-term investors
- Broad investment offerings
Cons:
- Slightly outdated mobile interface
Best for: Investors seeking a holistic financial platform.
7. SoFi Invest – Best for Beginners & Financial Planning:
Overview:
SoFi Invest makes investing approachable with a simple, no-nonsense interface and tools for financial planning and debt management.
Key Features:
- Commission-free trades
- Fractional shares
- Automated investing options
- Access to SoFi financial advisors
- Crypto and IPO investing
Pros:
- Easy to use
- Combines investing with personal finance tools
- Great for beginners
Cons:
- Limited advanced features
- Smaller investment selection
Best for: First-time investors and users looking for financial wellness tools.
8. Acorns – Best for Passive Investors:
Overview:
Acorns automates investing by rounding up your purchases and investing the spare change. It’s perfect for users who want to grow wealth passively over time.
Key Features:
- Round-up investment system
- Automated portfolio management
- Retirement and checking account integration
- Educational content for beginners
Pros:
- Fully automated investing
- Encourages consistent saving
- User-friendly app
Cons:
- Monthly fee (even for small accounts)
- Limited manual control over investments
Best for: Passive investors and beginners who want to automate savings.
9. Merrill Edge – Best for Bank of America Users:
Overview:
Merrill Edge is seamlessly integrated with Bank of America, making it a strong option for users who want to manage their finances and investments under one roof.
Key Features:
- Real-time market insights
- Zero commissions for online stock and ETF trades
- Integration with BofA mobile banking
- Personalized research tools
Pros:
- Great synergy with Bank of America
- Offers both self-directed and advisor-guided accounts
- High-quality research
Cons:
- Not ideal for advanced traders
- Less focus on day trading tools
Best for: Existing Bank of America customers and long-term investors.
10. Trade Station – Best for Professional Traders:
Overview:
Trade Station is a feature-rich platform built for experienced traders who require powerful tools and fast execution.
Key Features:
- Advanced order types and automation
- Professional-level analytics
- Access to futures and options
- Low trading fees for active users
Pros:
- High-speed execution
- Elite trading tools
- Custom strategy building
Cons:
- Not beginner-friendly
- Interface can be intimidating
Best for: Active and professional traders.
Final Thoughts:
Choosing the right trading app depends on your experience level, trading style, and financial goals. Beginners might prefer apps like Robinhood, SoFi, or Acorns, while seasoned traders could benefit from platforms like TD Ameritrade, TradeStation, or Webull.
Before committing to a platform, consider factors like:
- Fees and commissions
- Investment options
- Usability and mobile experience
- Research tools and support
- Account types (e.g., IRA, taxable)