From a recent study here are the top 10 financial apps used for trading stocks in the United States in 2023.
1. Robinhood – Pros: Robinhood offers commission-free trades, a simple-to-use platform, and a mobile-first approach that makes trading accessible for beginners. It also offers cryptocurrency trading. – Cons: There has been controversy over Robinhood’s business practices and communication with customers. The platform also lacks some advanced features that more experienced traders may want, such as comprehensive charting tools and in-depth research capabilities.
2. E*TRADE – Pros: E*TRADE offers a wide range of investments including stocks, bonds, ETFs, and mutual funds. Its platform is known for its robust research and analytical tools, making it a good option for more advanced traders. – Cons: The platform can be a bit complex for beginners. Additionally, E*TRADE has higher fees compared to some of its competitors.
3. TD Ameritrade** – Pros: TD Ameritrade offers extensive research options, an impressive suite of trading tools, and excellent customer service. It also offers a wide variety of investment options. – Cons: Some users find the platform to be complex and hard to navigate. It may be too advanced for beginner traders.
4. Fidelity** – Pros: Fidelity is known for its research and data. It offers strong customer service, comprehensive reports, and detailed analysis. – Cons: The online platform is not as intuitive or user-friendly as some of its competitors. It may be overwhelming for new traders.
5. Charles Schwab** – Pros: Charles Schwab offers a wide selection of investment options, strong customer service, and extensive research and tools. It also offers a robo-advisor service. – Cons: Some features are spread out across multiple platforms which can be confusing. There may be fees associated with certain transactions.
6. Webull** – Pros: Webull offers commission-free trading, detailed analytics, and a platform that’s beneficial for active traders. It also provides cryptocurrency trading. – Cons: The platform can be overwhelming for beginners due to its advanced features. Customer support has room for improvement.
7. Ally Invest** – Pros: Ally Invest offers a wide range of investment options, strong customer service, and user-friendly platform. It also integrates well with Ally’s banking services. – Cons: The platform lags behind some competitors in terms of research capabilities and advanced features.
8. Interactive Brokers** – Pros: Interactive Brokers offers a vast selection of investment options, advanced trading tools, and a platform that’s highly praised by experienced traders. – Cons: The platform can be complex and intimidating for beginners. There are also inactivity fees for certain accounts.
9. Merrill Edge** – Pros: Merrill Edge offers strong customer service, a wide range of investment options, and good research tools. It integrates seamlessly with Bank of America, making it a good option for existing customers. – Cons: Some users find the platform’s interface to be less user-friendly compared to its competitors.
10. SoFi** – Pros: SoFi offers commission-free trades and a user-friendly platform. It also provides a suite of financial services including lending and banking. – Cons: It lacks the depth of tools and research found on
