Compare the best stock trading apps in 2022

Downloading an app onto your mobile device is a simple and easy way to trade stocks. This handy guide picks out the best stock trading apps and shows you how to compare them.
By:
Reviewed by Richard Stutely
Updated: Aug 12, 2022
Tip: our preferred broker is, eToro: visit & create account

The amount of people using trading platforms on their phones has tripled since the outbreak of the pandemic. The battle to attract all these new users has been fierce, which means there are now hundreds of stock trading apps to choose from. Use this guide to compare the best stock apps and pick one that suits you.

What is the best stock trading app?

These are our favourite stock trading apps ranked so you can get started quickly. If you want a more detailed comparison between the apps and the service they offer, then keep reading to learn more about each one.

1
Min. Deposit
$10
Promotion
User Score
10
Trade/invest in stocks with just $10
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
Pros:
Trade/invest in stocks with just $10
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
Investoo Ltd is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc., as applicable. This compensation incentivizes Investoo Ltd to describe those products and services in favorable terms. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.
2
Min. Deposit
$0
Promotion
User Score
9.3
$0 commission and $0 Options contract fees
Upgraded research with advanced charts
Smart Menus for faster trades
Start Trading
Pros:
$0 commission and $0 Options contract fees
Upgraded research with advanced charts
Smart Menus for faster trades
Payment Methods
Full regulations list:
3
Min. Deposit
$500
Promotion
User Score
8.7
We offer one of the best execution speeds in the industry with low latency
Award-winning support in 14 languages
Trade with precision from 0.5 pips on EURUSD
Start Trading
Pros:
We offer one of the best execution speeds in the industry with low latency
Award-winning support in 14 languages
Trade with precision from 0.5 pips on EURUSD
Payment Methods
Bank Transfer, Bank Wire, Credit Card, Debit Card, PayPal, Sofort, neteller, skrill
Full regulations list:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Top stock trading apps

1. eToro: Best trading app

  • Minimum deposit: $10
  • Trading fees: $0
  • Download from: App Store, Play Store

eToro is our choice as the best stock trading app. It’s one of the largest brokers in the world for a reason and offers over 1,500 stocks to trade through your mobile phone. Users can download the eToro app via the Apple app store or Google Play store and benefit from the same functionality as its web based platform. 

One of the features stock traders will find most beneficial is the low fee’s eToro charges. There are zero fees when trading stocks. Traders only need to pay the bid/ask spread and do not need to worry about added commissions. Another feature traders will find helpful is that it doubles as a social trading platform which allows investors to copy the trades of more experienced traders.

Read the full review: eToro >

What we like

  • No commissions
  • Low spreads
  • Over 1500 stocks available to trade
  • Social trading and copy features

What we don’t like

2. Capital.com: Best trading app for beginners

  • Minimum deposit: $20
  • Trading fees: $0
  • Download from: App Store, Play Store

Capital.com has the best rated stock trading app for beginners. It has one of the widest choices of stocks available. Traders can buy and sell shares for over 5000 companies from around the world including countries like the United States, United Kingdom, Japan, and Russia. 

Its custom build app is easy to use and offers an impressive educational section. Beginner traders can learn about the stock market in general, see the latest market analysis, and watch trading webinars among a host of other features. The app also has a minimum deposit size of just $20 and a low minimum trade size requirement making it perfect for beginners just starting out.

Read the full review: Capital.com >

What we like

  • Low trading fees
  • No deposit or withdrawal fees
  • Low minimum deposit amount
  • Large educational section

What we don’t like

3. Plus500: Best for experienced stock traders

  • Minimum deposit: $100
  • Trading fees: $0
  • Download from: App Store, Play Store

Experienced traders will be best suited to the Plus500 app. Plus500 is supported in over 50 countries and regulated in multiple jurisdictions making it a top choice for experienced stock traders with safety in mind. It offers stocks from multiple markets across the globe and gives traders access to 1:5 leverage on their positions. 

An added advantage experienced stock traders will find useful is Plus500’s additional asset classes. On its app traders can access not only stocks, but indices, commodities, and cryptocurrencies. Its mobile app also includes a range of technical features such as indicators and trading tools suitable for experienced traders.

Read the full review: Plus500 >

What we like

  • Strong regulation in multiple jurisdictions
  • Advanced features tailored to experienced traders
  • Access to leverage on shares
  • Can go long (buy) and short (sell) stocks

What we don’t like

4. Pepperstone: Best for CFD trading

  • Minimum deposit: $200
  • Trading fees: $0
  • Download from: App Store, Play Store

Pepperstone is the best broker for CFDs on the stock market. Through using contracts for differences or spread betting, users can trade a range of shares on the Pepperstone app and benefit from the potential of tax free profits. Pepperstone includes stocks from the United States, United Kingdom, Europe, and Australia. 

The broker has a number of different platforms available, however to trade stocks via a mobile device, users need to download its MetaTrader5 app (MT5). When using the app, traders will have access to a wide range of technical indicators and information making it quick and easy to place positions on the stock market.

Read the full review: Pepperstone

What we like

  • Access to high leverage
  • Cutting edge trading app
  • Low spreads on stocks
  • Zero commission

What we don’t like

Different types of stock apps

Best stock app for beginners

When you’re new to the stock market, it’s a good idea to choose an app that’s inexpensive and easy to use. The best stock trading apps for beginners boast features like copy trading services and plenty of educational material to help you learn how to trade.

1
Min. Deposit
$10
Promotion
User Score
10
Trade/invest in stocks with just $10
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
Pros:
Trade/invest in stocks with just $10
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
Investoo Ltd is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc., as applicable. This compensation incentivizes Investoo Ltd to describe those products and services in favorable terms. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.

Top day trading app

If you plan to trade quickly and often, you want an day-trading platform with low fees that gives you as many options as possible. That way, you can use tools and charts to time your entry and exit from the market, without paying out lots of money in fees every time.

1
Min. Deposit
$100
Promotion
User Score
10
Choose over 100 popular stock CFDs
Buy and Sell Stock CFDs with as little as £100
Zero Commissions - no hidden fees
Start Trading
Pros:
Choose over 100 popular stock CFDs
Buy and Sell Stock CFDs with as little as £100
Zero Commissions - no hidden fees
Payment Methods
Credit Card, MoneyBookers, PayPal, WebMoney, Wire Transfer, neteller
Full regulations list:
ASIC, FSA, FSCA, MiFID
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Top penny stocks app

To trade penny stocks you need a penny stock app that offers the widest possible range of stocks. Find an app where you can access every stock on leading exchanges like the FTSE100 or the NYSE, as well as small-cap stocks and emerging markets.

1
Min. Deposit
$100
Promotion
User Score
10
Licensed and regulated by CySEC and FCA authorised UK Branch
Trade CFDs with tight spreads on big-name companies like Amazon, Facebook, Apple and many more
Offers 800+ instruments
Start Trading
Pros:
Licensed and regulated by CySEC and FCA authorised UK Branch
Trade CFDs with tight spreads on big-name companies like Amazon, Facebook, Apple and many more
Offers 800+ instruments
Payment Methods
Bank Transfer, Credit Card, Trustly, neteller, skrill
Full regulations list:
CySEC, FSA
66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

What is a stock trading app?

It’s an application that allows you to trade the stock market from your mobile device. Most brokers offer the ability to use their platforms via an app and can be accessed by either a smartphone or tablet. When using a stock trading app you will usually be able to carry out the same functions as you can on a broker desktop platform. 

How does a stock trading app work?

To use a stock trading app you need to first register with an online broker. Once your account is created you simply download an app to access your account on the go. Stock trading apps let you monitor and analyse the markets from your mobile device. You can buy and sell stocks as well as carry out technical analysis on price charts. 

How should I choose the best stock trading app for me?

Safety, security, and an easy-to-use interface are three of the most important things to look for. While specific features might affect those that you choose from, take all these factors into consideration before you make a final choice. That way you’ll get the best experience in the end.

Design and ease of use

One of the main advantages of using an app is making it easy to purchase and sell company shares. You want to be able to find your way around and use all the features available. If you’re a beginner this is even more important, you want useful information to be laid out in a way you can understand as you learn.

Reputation and regulation

You want to be confident in the app you’re using. As with anyone you trust with your money, you want to be sure they aren’t going to disappear with it. Stock brokers have to abide by strict regulations, from the FCA in the UK and FINRA in the US, so look for proof of this before you sign up.

Similarly, brokers should have insurance to protect the customer in case they go bankrupt. Longer-term investments like ISAs and IRAs are protected by government regulation too, check your chosen service abides by all of this before you download.

Tools and charts

These can be very useful when you start trading. If you’re going to do the work yourself, you want to be able to study a stock’s performance before you invest. Look out for apps that offer charts you can do some technical analysis on. Other tools worth looking for are comparison features, say between a fund’s performance and the market average.

Fees and commissions

Many apps advertise themselves as free but they have to make money somewhere. Usually, it’s with fees for specific actions, like trading, deposits, or withdrawals. Other companies will make money on the ‘spread’, the difference between the buy and sell price they offer on a share. Comparing the size of the spread can be a good way of choosing the best platform – the smaller the better.

Security

You want to keep your money and assets secure all the time. Look out for the different security features that are offered; do they use encryption? Two-factor authentication? What about protection against fraud? And how do they deal with your private data? Be wary of any service that skimps on these features.

Trading options

You want flexibility on your stock app, with lots of different trading options. New traders just getting started might want to stick to simply buying and selling shares but as you get more experience there are lots of ways to trade. Here are some popular ones you should look out for:

  • Share dealing is the standard way of playing the stock market. You purchase shares in a company, with the aim of making money either from it going up in value or in the form of dividends. When you sell it, ideally you make a profit on the difference in price.
  • Contracts for difference (CFDs) are a way of speculating on how an asset is going to perform without owning it. They’re popular on retail trading apps like eToro and Robinhood and can be a way of trading cryptocurrencies and commodities as well as stocks.
  • Trading with leverage means making bigger trades by putting up only a small amount of the overall value as a deposit. You borrow the rest from your broker but remain liable for the entire trade. You can make big wins this way but it’s very risky as losses can escalate quickly.
  • Spread betting is a way of betting on the performance of an entire market, rather than individual stocks within it. You place a bet on whether it’s going to go up or down, and earn a profit of your stake multiplied by the amount of points the market moved. The reverse is also true: you lose your stake multiplied by how much it goes the other way.

Additional features

These are just the most important features to look out for. The ideal app is packed with even more that can help you make money. Demo accounts, where you trade with fake money to start with, are great for beginners. So are educational tools, tutorials, and push alerts to let you know how your shares are performing.

Quick answers to key questions

Can I trade stocks on Android and iOS devices?

Yes. Most apps are available on both operating systems. A few are exclusive to one or the other, but you can easily find out which ones are available on your phone by going to the Google Play store or the App Store.

How much do stock apps cost?

To download: usually nothing. Setting up an account is also usually free for trading apps but once you get into the realm of long term investing you might need to subscribe before you can use all the services. Even for free stock apps, there’s usually a cost somewhere in the form of additional fees or commissions.

Do I have to verify my identity with a stock app?

Yes, usually there is some form of verification but the methods vary. Expect to have to provide some contact details and a form of photo ID to prove who you are before you can trade.

Do apps charge fees for trading stocks?

Some do, some don’t. Those aimed at retail investors have led the charge towards free trading. Traditional stock brokers have been forced to reduce their fees to compete but often do still charge. 

Exactly how they charge varies widely, It could be a fixed rate, a percentage of the trade value, or some let you perform a certain amount of trades a month for free. It’s very important to check this before you start.

What are the fees for stock trading apps?

Each app will have its own fees and it will depend on your broker’s terms and conditions. Most modern apps are free to download and offer zero-fee trading. More established brokers tend to charge a flat fee per trade, or a monthly subscription. The cost of using that type of broker to trade can range from £5 to £12.

You need to decide what you want the app to do before you choose one. There are services aimed at day traders, others for long term investors, and still more that use artificial intelligence to invest your money for you. Here are some of the top stock apps, whatever your goals are.

Can I use multiple apps at the same time?

Yes. You can have as many as you like. Some traders prefer to have a few different apps for different asset classes. However, it’s usually easiest to use just one app so that all of your investments are in one place.

Is a mobile stock trading app better than a desktop version?

That will depend on your own requirements. Desktop versions sometimes have more features and are generally easier to use. However mobile apps give a lot of flexibility and you can check on your trades even on the go. 

Are stock apps regulated?

Yes, in a manner of speaking. The stockbrokers themselves are strictly regulated by financial authorities across the world and have to put in place lots of consumer protections. So if you choose a respected, established company then you can be confident their app is regulated too.

Should I use a stock trading app?

If you plan on trading the stock market then using an app to do so is a good idea. Most traders use a combination of both desktop and mobile applications and both have their benefits. A desktop app may offer a few more features that are not available on a mobile app, however, mobile apps offer a great deal of flexibility. 

The best stock trading apps incorporate most of the functionality of their desktop versions and make buying and selling stocks from your device an easy process. These apps offer the freedom to check on your trades even when you’re not at your computer and make it easy to spot new opportunities very quickly. 

What are the risks of using a stock trading app?

There is a high risk of losing money from trading, particularly if you’re new or inexperienced. That risk applies whether you trade via an app or on your desktop. The convenience and ease of using an app to trade can add more risk, because you can open and close a trade from anywhere.

It’s important to stay disciplined when you trade. Create a list of rules in advance to set out the conditions that must be met before you open a trade and the maximum you’re prepared to lose on any one trade. Similarly, set hard and fast rules for when to take profit.

In short, you should make stock trading decisions based on strict guidelines set when you have a clear head. Trading becomes significantly more risky when you make emotional decisions in the heat of the moment. Below is a short summary of the risks, as well as the benefits, of using an app to trade stocks.

If you’re still undecided on if you want to use a stock trading app then you can use the pros and cons below to help you make up your mind.

Benefits

  • Apps offer easy access to the stock market even when you’re on the go
  • Get the latest stock market information at your fingertips
  • The best apps have the same features as desktop apps
  • Apps are almost universally free to download and use
  • Many apps have a free demo account that you can use to practice trading

Risks

The best stock trading apps: How did we choose them?

We thoroughly research every app, platform, and service before we recommend them. We have tested every app where there is a full length review available on Invezz, and we have supplied a link to each of the reviews in question. Testing them means downloading the app, placing trades, and making a deposit and withdrawal.

In addition to those tests we carry out extensive online research to find out relevant costs and compare the features on offer. We use customer reviews and online feedback to supplement our own experience of using each app. Our final ranking is based on all of these factors.

That ranking is not influenced by any of the companies listed on this page, but we may make an affiliate commission if you choose to sign up and start trading by clicking one of the links above. For more details, read our review process.

FAQs

Are stock apps legal?
Do I have to pay to use stock apps?
Do I have to pay tax on any money I make?
Can I short stocks on an app?
Can I try scalping on an app?
Will I lose my money if I uninstall a stock app?
Can I use my PayPal account to deposit money on an app?
Do stock trading apps have copy features?

Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.