Trading stocks is currently a hot topic, all thanks to a recent event where redditors figured out how to stick it to a hedge fund that was trying to short GameStop. On top of this, stocks, in general, have been blowing up during Covid, which is also driving the current interest in trading. This is why I’ve decided to compile a list of the more notable trading apps currently available on the Play Store. Now, I don’t fancy myself a day trader, so I’m not here to review these apps. This is simply a list for our readers to pore over as they consider the available options on Android. Essentially, this roundup serves as an entry point for those who are thinking of dipping their toe into the stock market in preparation for the next wave of stock market fever.
Fidelity Investments is one of the more favored apps out there. It might not offer the most intuitive UI when it comes to trading, but it does offer lots of useful info that’s easy to digest. So it makes for a quality one-stop-shop for all of your day trading needs. While it would appear that Fidelity was part of the group that experienced outages last month during the GameStop surge, the platform wasn’t affected for long, and so far, there are no signs that Fidelity limited transactions. So if you’re looking to start somewhere to grasp how trading works, Fidelity is a solid choice that has shown its trustworthiness.
Webull: Investing & Trading. All Commission Free
Webull is one of the newer apps available, having launched in 2017. It offers one of the more current user-friendly designs as well as zero commissions, and yes, there’s also crypto trading on offer. Of course, thanks to the GameStop squeeze, the userbase jumped significantly, so the service is currently contending with this considerable growth. Current reviews complain of a long-drawn-out application process, and the fact that Webull was part of the group that restricted trading in January hasn’t helped with these reviews. Luckily we know Webull was one of the few to reverse this block somewhat quickly. So as it stands, this is one of the better-designed apps for beginners, its research options are pretty good, so if you’re looking to dabble as a newbie, Webull is still an attractive place to start.
thinkorswim Mobile: Trade. Invest. Buy & Sell.
If you hate commissions, thinkorswim is another trading app that offers commission-free trading. On top of that, this is a well-rounded app that offers real-time chat with trading specialists, a live stream from TD Ameritrade Network for trading information, as well as a section for learning the ropes through trades with fake money, so you won’t have to risk anything as you figure this stuff out. This makes for a good experience as a newcomer, though like many apps in this list, the influx of users has impacted the login system as well as real-time quotes. It’s also clear thinkorswim halted trading on January 28th, so the low review score…