As the digital world evolves, the way people invest also changes. Nowadays, many people invest only by using smartphones. This is because there are many choices of trading apps free that you can use.
The application has a variety of features that support your investment needs. so, you can freely choose which investment application can accommodate your needs. Here are 5 recommended trading apps free that you can try.
The Best and Most Trusted Free Trading App
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| Best Trading Apps |
1. E*TRADE
This is an application that you can use for everyday investing. There are many features in this app, which are not only great for beginners but also for advanced investors. The design and interface of this application are easy for you to use, making it easier for you to invest.
There are many great investment options so you have the possibility of a large profit. Apart from stocks, mutual funds, and bonds, this app also lets you invest in commission-free ETFs. The app also has Power E*TRADE which offers complex orders and is perfect for traders.
2. SoFi Active Investing
This is one of the trading apps free specifically for young investors. Through this application, investors can invest in stocks and exchange-traded funds. Then, this application also allows investors to be able to transact 30 cryptocurrencies, such as Ethereum and Bitcoin.
The advantage of this application is that investors have access to financial advisors. This will help their long-term financial strategy. Unfortunately, this application does not have the type of investment bonds, index funds, and mutual funds so it is not suitable for those of you who want to invest for retirement.
3. Robinhood
For those of you who want to invest through your smartphone, this is the right application. This is because this application has an efficient interface so it is very easy for you to use. There are several types of investments that you can choose from, such as stocks, cryptocurrencies, and options.
The most prominent feature of this app is the 0 USD option commission and no contract fees. Moreover, investors will have access to cash management features that allow them to earn interest on cash balances. If you subscribe to the premium version of Robinhood Gold you will earn USD 5 per month with a USD 1,000 interest-free margin.
4. TD Ameritrade
If you invest in this app, you will get a variety of third-party research for free from reputable sources. That way, it will be easier for you to determine an investment strategy to get the maximum profit. You can access TD Ameritrade not only on your smartphone but also through the website platform.
Another advantage is that this application provides 24/7 customer support via text, phone, chat, email, and in-person meetings in more than 250 branches. The app also offers a large selection of investments, from low-cost mutual funds to advanced products such as forex and futures trading.
5. Fidelity
This app offers 0 USD trading commission with no account fees, which can erode returns. The advantage of this application is the good reputation for its mutual funds because there are no transaction fees and no minimum investment requirements.
Furthermore, the app also eliminates commissions on most stock, options, and ETF trades. Also, this application provides excellent trade execution for investors.
Those are 5 trading apps free that offer many advantages for you as an investor. You can read reviews of all these applications before trying to invest. That way, you can find an application that meets your needs and preferences.