Best free stock trading app 2023
Using the best trading platform for your desktop or laptop is one thing but having the best free stock trading app in the palm of your hands just brings the whole trading experience together.
Our review of the best free stock trading app takes a closer look at what makes the best mobile trading app around. We take a look at what you should look out for like quality trading tools, a demo account, low trading fees and more. Check out the rest of our review to see where you can locate the best free stock trading app around!
Using a free stock trading app?
So, who should be using the best free stock trading app? Everyone of course! There is no trader that can’t reap the benefits of the best free stock trading app around. If you are fairly new to the world of online stock trading then it will be useful for you to have your mobile device handy to check up on the progress of your initial trades. Having your device close to you also gives you ample opportunity to improve your trading abilities even when you are away from home.
For the more proficient trader, the best free stock trading app is a perfect way for you to stay on top of your more intricate stock trading strategies. You can check out the latest price trends, purchase promising stocks and use the best trading tools all while on the go. The benefits of the best free stock trading app are all but endless.
Safe stock trading app
Before you can jump straight into using the best free stock trading app, you need to make sure that it is safe to use first. There are a couple of things you will want to look out for before creating your account. First thing’s first, checking up on the licensing of the app provider. Always make sure that the free stock trading app provider has been issued legitimate licenses by financial regulatory bodies like FINRA or the FCA. If you see the free stock trading app has been given the stamp of approval by major regulatory bodies like these then the provider is operating above board.
Licensing isn’t where user safety stops though, as you will need to check out the security of the best free stock trading app as well. This can be done in a couple of ways but the most pertinent security measure you want to look for is whether or not there is the latest SSL-encryption technology being used on the app. This technology ensures that your sensitive data like your banking information and your login details are safe from the hands of any malicious thor-parties who may try to get their hands on this information.
Characteristics to look for
While safety and security are imperative factors for you to check up on before using the best free stock trading app around, you also want to make sure that the app itself is a pleasure to use. So, what makes a quality free stock trading app? Well, there are a number of important things that ensure a premium user experience on the best free stock trading app. Let’s take a look at some of the most important factors to consider:
Range of trading instruments
The best free stock trading app should be offering you a diverse range of trading instruments to invest in. This means including things like ETFs, a strong range of individual stocks, CFDs and more. It’s always a good idea to know what you are looking for specifically before signing up to the best free stock trading up so that you can make your decision before you even sign up.
With that being said, the best free stock trading app will have more than just a handful of trading instruments for you to choose from. You want to know that you can buy Netflix stock, buy Apple stock or buy Amazon stock with ease. Diversity is key in this regard, so always be sure to check out the range of instruments available to you on the app.
Low trading fees
The best free stock trading app will make sure that it charges you reasonable trading fees on the site. Whether this be overnight fees for holding a position open or margin interest, the fees should be fair and on par with the industry standard. What you really want to find is a commission free stock trading app. Commission can be a pain, especially if you are conducting a number of large scale trades every month. As such, a commission free stock trading app is the way to go, as you can avoid the build up of unnecessary and frankly tiresome commission fees on your trades.
Payment methods
Before you create your account with the best free stock trading app, it’s important to make sure that the provider is giving you enough payment options to choose from. Many traders have very specific preferences when it comes to their payment methods for making deposits and withdrawals from their broker account. As such, take a look at the payments page on the best free stock trading app to see if your preferred payment method is available before you sign up.
Remember, you are going to be using a payment method frequently to make your deposits so that you can fund your trades, you can never be too careful by first checking out the list of available payment methods.
Customer support
Something that may at times get overlooked is the quality of the customer support on the best free stock trading app. Customer support is crucial in making the trader feel like there is trust between himself/herself and the broker. As such, you should always make sure that the customer support is professional but also patient and friendly. All of these qualities make for a superior experience on the best free stock trading app. Furthermore, make sure there are enough modes of contact for you to choose from like a live chat feature, a phone number and an email address.
Educational tools
A great way to integrate new users on the site is by providing them with useful educational tools. These educational tools can help to make a new trader’s life so much easier by giving them some insight into using trading tools, looking for value stocks and much more. These educational tools are also useful for your more experienced trader as well as you can stay on top of the latest price trends. Always look out for trading tools when checking out the best stock trading app as they will help you to improve your overall trading prowess and give you a better chance at executing successful trades.
App functionality
As you are going to be using the app regularly, the one thing it absolutely needs to be is functional. The best free stock trading app should be streamlined, run smoothly and be easy to navigate. These features make for a pleasant experience when you are searching for stocks or checking out the charting tools on the app. It should be easy to use, not a pain for you to find what you are looking for on the app.
All of the facets that we have mentioned above can be found on our very own nextmarkets app. We give you a streamlined experience for your stock trading with a plethora of different trading markets to choose from and the latest trading tools as well. Be sure to check out our mobile app on either the Apple App Store or the Google Play Store.
Trading features
Now that we have mentioned some of the core factors that the best free stock trading app should have, we wanted to take the time to mention at least two features that make a mobile app stand out from the rest. It can be tough to stand out above other mobile competitors, especially in an industry that sees new brokers spring up every other day. While that may be true, here is a feature that helps to make the best free stock trading app shine brighter than the rest:
Trading tools: Trading tools are going to help you use your time effectively on the best free stock trading app. That is why you should look out for what trading tools are being offered. There are a multitude of different trading tools out there but what you really want to look for is free, automated trading software straight from the broker themselves. This will make your life so much easier.
The best free stock trading app should also be offering you a strong selection of educational tools, charting tools, detailed analysis and more. The best free stock trading app will give you access to all of these trading tools to give you a premium stock trading experience in the palm of your hand.
Demo account practice
A demo account option with the best free stock trading app is a great way to stand out from the competition. You won’t find a demo account option with every stock trading app you come across which makes it a real blessing when you do find one that offers the feature. A demo account can make your transition into using the mobile app so much easier. You can get free reign of using the site, testing out the features, using the analysis tools and even making simulated trades.
All of the above gives you a feel for the app and helps you to make a decision about whether or not the app is going to be the right fit for you. A demo account is going to save you time, energy and most importantly funds as you won’t need to test the app with any of your own capital investment from the start. It is essentially free stock trading practice for all traders experienced and inexperienced alike.
Conclusion
That brings us to the end of our review of the best free stock trading app. The most important things we touched on such as the availability of a demo account, high quality trading tools, low trading fees and app functionality are all things that the best trading app should have. And thankfully, our nextmarkets mobile app has all of the above. You can check out our mobile app and test it out with our demo account feature to see if it hits the right notes for you.
We can also give you some insight into how to buy Google stock, buy Tesla stock and buy Facebook stock as well. We have everything you need on our site to help you find not only the best mobile trading app but your favourite stocks too.
