12+ Best Investment Apps of 2023 (Free Stock Trading and Investing)

Author: CH Hassan

Are you looking to invest in stocks and securities but need help knowing where to start? Look no further! We have compiled a list of the best investment apps of 2023, so you can start stock trading and investing immediately. With these free apps, you can use real-time trading data and access comprehensive research tools to learn more about the market. These apps are user-friendly and easy to navigate, allowing you to make informed decisions confidently. Read on to learn more about the 12+ Best Investment Apps of 2023!

What is Stock Trading and Investing?

Stock trading and investing involve buying and selling stocks, bonds, mutual funds, or ETFs (exchange-traded funds). It is a way to diversify your portfolio and grow your wealth over time. Investing in stocks can be risky, so doing plenty of research and understanding the risks before you start is important.

Let’s have a look at the 12+ Best Investment Apps of 2023:

Webull
Interactive
TradeStation
Firstrade
E*Trade
J.P. Morgan
The TD Ameritrade and Schwab
Robinhood
Moomoo
Public.com
SoFi Invest
Axos Self-Directed

Our Top Picks:

Webull

Webull is a powerful investment app that has quickly become one of the top picks for intermediate traders. It offers free stock trading and commission-free Trading of exchange-traded funds (ETFs) and options. It also has no deposit minimums, so you can start investing for as little as $1. It is available on all platforms, allowing you to research, trade, and track your stocks from the comfort of your smartphone, tablet, or desktop. Furthermore, it has various features, including real-time market data, advanced charting tools, and research reports to help you make smarter investing decisions. With Webull, you can be sure your investments are in safe hands.

Pros

Wide range of investments to choose from
Ability to purchase fractional shares
Comprehensive technical analysis tools available
Suitable for both beginners and experts
Voice command functionality

Cons

No mutual funds supported
Does not provide robo-advisor services

Interactive Brokers

Interactive Brokers is one of the Best Investment Apps for investing in stocks, bonds, funds, options, cryptocurrencies, and more. With the Trader Workstation (TWS) platform, Interactive Brokers provides a comprehensive trading platform with powerful tools and features for investors. The IBKR Mobile App is suitable for iOS and Android devices and allows for Trading on the go. IBKR GlobalTrader is a simplified app that caters to global traders, with deposits available in up to 23 currencies.

The Client Portal is a lighter web-based platform allowing customers to manage their accounts, checking accounts, and access market news. IBKR EventTrader is a web-based platform that allows traders to trade “event” contracts. And IBKR Impact is a mobile app that helps users select holdings aligned with their values. With the numerous features and tools available, Interactive Brokers is one of the Best Investment Apps this year.

Pros

Great customer service
Competitive commissions and margin rates
A wide range of investments is available
Robo-advisor services offered
Customizable trading platform

Cons

The high minimum deposit requirement for US customers
A limited number of investment options in some countries

TradeStation

TradeStation is another Best Investment Apps for stock trading and investing. The app offers real-time quotes, news, charts, and analysis tools to help investors make better decisions. It also provides access to global markets, with over 40 international exchanges available. TradeStation supports a range of products, including stocks, options, futures, ETFs, mutual funds, and Forex. It also offers educational resources, such as webinars and online courses, to help you learn the basics of investing. TradeStation has many features, making it one of the Best Investment Apps in 2023.

Pros

Low trading commissions
Great customer service
Advanced charting options are available
Access to global markets
A wide range of investments options is available

Cons

No robo-advisor services offered
Limited educational resources available

Firstrade

Firstrade is a Best Investment App for investing in stocks, ETFs, mutual funds, etc. It has no commissions on trades, minimum deposit, or minimum account balance requirements. It also offers many features, such as real-time quotes and charting tools, to help you make more informed decisions. Best of all, Firstrade has an app for both iOS and Android, allowing for convenient access to your investment account on the go. The app is free to download and use with its low fees and wide range of features.

Pros

No commissions on trades

A wide range of investments is available

Advanced charting tools

Access to global markets

Robo-advisor services available

Cons

Limited educational resources offered
No analysis tools provided
No voice command functionality

**E*Trade**

E*Trade is a Best Investment App for stock trading and investing. It offers a comprehensive range of features, including real-time quotes and charts, news reports, and analysis tools to help you make better decisions. Best of all, it’s free to download and use, with no commissions on trades or minimum account balance requirements. E*Trade also has an app for iOS and Android devices, making it easy to manage your account on the go. Best of all, the app features advanced tools such as portfolio optimization and risk analysis to help you maximize returns.

Pros

No commissions on trades
A wide range of investments is available
Advanced analysis tools
Free real-time quotes and charts
Access to global markets

Cons

High minimum deposit requirement
No robo-advisor services offered
Limited customer service options available

J.P. Morgan

J.P. Morgan is one of the Best Investment Apps this year, offering many features to help you manage your investments. It offers a comprehensive selection of tools to make informed decisions, including real-time quotes, charts, and analysis. Best of all, J.P. Morgan has an app for iOS and Android devices so that you can access your account on the go. Best of all, the app features advanced tools such as portfolio optimization and risk analysis to help you maximize returns. Best of all, J.P. Morgan offers premium services such as personalized recommendations from financial advisors and investment research.

Pros

Robo-advisor services offered
A wide range of investments is available
Advanced analysis tools
Access to global markets
Premium services such as personalized recommendations

Cons

High account minimums
No free trading commissions
Limited customer service options are available.

TD Ameritrade/Schwab

The TD Ameritrade and Schwab app is one of the best investment apps for intermediate and beginner traders, offering a range of features for users to explore. The app is well known for its advanced trading platform, thinkorswim, which provides over 400,000 economic data points, more than 400 technical studies, and an earnings tool that can explain how options prices are affected. In addition, the interface also includes a programming language so users can create their customized algorithms. The app’s mobile version is even more advanced than some of the full-featured desktop and web platforms.

Schwab’s similar platform is StreetSmart Edge, which is less powerful but much more user-friendly. The TD Ameritrade/Schwab app also provides users with tools and resources to track their investments, set up alerts, and customize portfolios.

The app is free to download and use, with no minimum account balances or commissions on trades.

Pros

No commissions on stock trades
A wide range of investments is available
Advanced charting tools
Access to global markets
Robo-advisor services available

Cons

Limited educational resources offered
No analysis tools provided
No voice command functionality.

Robinhood

Robinhood is one of the Best Investment Apps of 2023, offering free stock trades and no account minimums. Robinhood also provides an app for iOS and Android devices, making it easy to manage your account on the go. Robinhood offers various features, including real-time quotes and charts, news reports, and a stock screener to help you make better decisions. Robinhood also offers a cryptocurrency trading feature so that you can buy and sell digital currencies such as Bitcoin. Best of all, Robinhood does not charge monthly fees or commissions on trades.

Pros

No commissions on stock trades
A wide range of investments is available
Advanced charting and analysis tools
Access to global markets
Cryptocurrency trading functionality

Cons

Limited customer service options available
No robo-advisor services offered
No voice command functionality.

Moomoo

Moomoo is a great investment app for anyone looking to start trading stocks, ETFs, and options. Its user-friendly interface makes it easy to search for stocks and trade with minimal hassle, while its powerful tools allow more advanced traders to make informed decisions. The platform includes 62 technical analysis indicators and 22 drawing tools, and free Level 2 market data to give you further insight into a stock’s value. You can even set up alerts based on changes in price, bids, turnover ratio, and more. Best of all, its editorial team provides 24/7 financial news to keep you up-to-date with the latest trends.

Pros

Provides 62 technical analysis indicators and 22 drawing tools.
Includes free Level 2 market data.
Offers 24/7 financial news updates.

Cons:

Only available in some countries.
Charges a monthly subscription fee for access to certain features.

Public.com

Public.com is an investing app that aims to make the stock market more accessible for everyone. It offers commission-free Trading on stocks and ETFs and access to various investment options, including cryptocurrencies, IPOs, and fractional shares. The platform also has a unique gamified experience that rewards users participating in challenges and the online community. Best of all, it’s free to use, and there are no account minimums or fees.

Pros

Commission-free Trading on stocks and ETFs

Wide range of investment options

Unique gamified experience

No account minimums or fees

Cons

Limited customer service options available

No robo-advisor services offered

No voice command functionality.

SoFi Invest

SoFi Invest is the ideal investment app for those looking for a comprehensive financial service provider. With SoFi Invest, users can access multiple ways of investing, from actively trading stocks and options to more passive investments such as cryptocurrency trading. The app also has no minimum balance requirement and no commission fees on stock or ETF trades, making it a great option for those just starting out in the investing world. The app features fractional shares, allowing users to invest for as little as $1, and even provides a social element with exclusive events for SoFi members. The interface is designed for younger and less experienced investors, so you can handle being overwhelmed with sophisticated tools. SoFi Invest is the perfect investment app for all.

Pros

No minimum balance requirement
No commission fees on stock and ETF trades
Fractional shares, allowing users to invest from as little as $1
Social element with exclusive events for SoFi members
Interface specifically designed for beginners and less experienced investors

Cons

1.25% markup on cryptocurrency transactions
Not ideal for experienced investors looking for sophisticated tools

Axos Self-Directed Trading

Axos Self-Directed Trading is one of the best investment apps for serious investors. With access to an extensive range of markets, including Forex and futures, active traders will find all the tools they need to make informed decisions. The app includes a high-definition charting package with over 100 technical indicators and advanced order types, along with free streaming news from Dow Jones Newswires and access to real-time market data. Best of all, it has no commission fees on stocks and options and no platform fees.

Pros

Access to an extensive range of markets, including Forex and futures.
High-definition charting package with over 100 technical indicators.
Advanced order types with free streaming news from Dow Jones Newswires.
Real-time market data without commission fees on trade stocks and options or platform fees.

Cons

Does not offer any robo-advisor services.
No social features for users to interact with other traders.
Transaction costs can be quite high compared to rival apps.

Conclusion

Whatever your investment goals, there is an app to suit your needs. Whether you’re a beginner investor looking for an entry-level platform or an experienced trader searching for sophisticated tools, the 12+ Best Investment Apps of 2023 provide access to various features and markets to help you make informed decisions. So why take advantage of the opportunities these investment apps offer and start investing today? Best of luck!

FAQs

How do I start investing with an investment app?

To begin investing with an investment app, you must open an account. Once you have done that, you can search for the best investment app. Most apps require a minimal account minimum and don’t charge trading or account fees. You will also be able to buy and sell stocks and manage your portfolio with the app.

Q2: What is an automated investing app?

A2: Automated investing apps are designed to let you invest without monitoring the markets or making trades yourself. Instead, these apps use algorithms and other sophisticated tools to analyze the markets and decide for you.

Can I link my bank account to an investment app?

Many investment apps allow users to link their bank accounts to transfer funds into their brokerage accounts faster and easier than ever. This can help make the investing process more efficient, as you don’t need to manually transfer funds from your bank account into your investment app’s brokerage account each time you want to invest.

Are there any other fees associated with using an investment app?

Depending on the app and type of investing, there may be additional fees such as trading commissions or management fees for using certain services like a robo-advisor. It’s important to read each app’s fine print before signing up to know exactly what kind of fees are associated with it.

What is the best investment app for beginners?

Some of the best apps for beginners include Acorns, Robinhood, and Stash. These apps typically have no account minimums or trading fees, making them ideal for those new to investing. They also provide educational resources and guidance to help beginner investors learn the basics of investing quickly and easily.