<p>Mobile applications are changing the world of investing, providing greater access and affordability to a wider audience. Modern platforms offer straightforward interfaces for beginners alongside advanced tools for experienced traders.</p><p>Leading investment apps empower you to efficiently manage your investments, stay informed with up-to-the-minute market information, and identify potential opportunities, all from your phone or tablet.</p><p>Our team rigorously evaluated numerous trading platforms to pinpoint the top contenders, focusing on trading capabilities, cost-effectiveness, investment choices, educational resources, and ease of use. The most reliable apps for stock purchases also prioritize security and trust.</p><p>Discover the best low-fee stock trading applications, hand-picked by the financial experts at Business Insider for 2025.</p><h2 id="best-stock-trading-apps-of-2025" data-toc-id="642aa7bd-2eaf-4b4d-ac99-023126e1744d" data-toc-label="Best Stock Trading Apps of 2025" class="toc-anchor">Best Stock Trading Apps of 2025</h2>
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<p class="faq-answer">Superior stock trading apps originate from brokerages providing low-cost accounts coupled with comprehensive mobile platforms. In assembling our list of top investment platforms, we considered pricing, investment diversity, account options, and available research tools, examining over a dozen choices.</p>
<p class="faq-answer">Our assessment of investment products considers expenses, fees, investment variety, account types, platform functionality, research quality, and learning resources. You can find more about <a target="_self" class="" href="https://www.businessinsider.com/personal-finance/investing/investing-rating-methodology" data-track-click="{"element_name":"body_link","event":"tout_click","index":"bi_value_unassigned","product_field":"bi_value_unassigned"}" rel="">Business Insider's investment rating process here</a>.</p>
<p class="faq-answer">We consulted certified financial planners, investing professionals, and our dedicated wealth-building reporter to inform our selections of the finest stock trading apps.</p>
<p class="faq-answer">We interviewed the following investing experts to gather their perspectives on stock trading apps:</p>
<ul class="faq-answer"><li>Brian Fry, CFP, Founder of <a target="_blank" rel="noopener nofollow" class="" href="https://safelandingfinancial.com/about/">Safe Landing Financial</a></li><li>Charlotte Geletka, CFP, CRPC, Managing Partner at <a target="_blank" rel="noopener nofollow" class="" href="https://www.silverpennyfinancial.com/team/charlotte-geletka">Silver Penny Financial Planning</a></li><li>Kaysian Gordon, MBA, CFP, CDFA, CPA, and <a target="_blank" class="" href="https://kaysigordon.com/" rel=" nofollow">wealth management advisor</a>.</li></ul>
<p class="faq-answer"><strong>What benefits come with using a stock trading app?</strong></p>
<p class="faq-answer"><strong>Brian Fry, CFP:</strong></p>
<p class="faq-answer">Apps will differ in their specific offerings. Some might provide basic financial guidance or offer competitively priced, easy-to-understand investment choices.</p>
<p class="faq-answer">It's crucial to pinpoint the app that delivers the most transparency and provides the necessary confidence for planning your financial future.</p>
<p class="faq-answer"><strong>Charlotte Geletka, CFP, CRPC:</strong></p>
<p class="faq-answer">Investing apps have simplified stock trading directly from your smartphone like never before.</p>
<p class="faq-answer"><strong>Kaysian Gordon, MBA, CFP, CDFA, CPA:</strong></p>
<p class="faq-answer">The main advantage is access to the research needed for informed decision-making. Seek an app that gives you ample information to trade stocks wisely.</p>
<p class="faq-answer"><strong>What are the downsides of trading stocks via an app?</strong></p>
<p class="faq-answer"><strong>Fry:</strong></p>
<p class="faq-answer">With commission-free trades, understand that these firms still generate revenue somehow. "Free" isn't always better.</p>
<p class="faq-answer">While cost is a factor, the difference between free trades and small-fee trades is minimal compared to the ideal user experience and the confidence it inspires in the investor.</p>
<p class="faq-answer"><strong>Geletka:</strong></p>
<p class="faq-answer">Mobile access can encourage impulsive investing. Studies show that frequent, impulsive trading by retail investors often results in below-average returns.</p>
<p class="faq-answer"><strong>Gordon:</strong></p>
<p class="faq-answer">Don't put all your eggs in one basket, no matter how promising a company seems.</p>
<p class="faq-answer"><strong>What additional advice would you offer to someone considering a stock trading app?</strong></p>
<p class="faq-answer"><strong>Fry:</strong></p>
<p class="faq-answer">Most platforms offer similar benefits. Select the one that best helps you track progress toward your financial goals.</p>
<p class="faq-answer"><strong>Geletka:</strong></p>
<p class="faq-answer">Prioritize having an emergency fund and adequately funding your savings goals. Use leftover funds for trading apps.</p>
<p class="faq-answer"><strong>Gordon:</strong></p>
<p class="faq-answer">Avoid allocating too much capital to one stock to prevent significant financial harm from potential losses.</p>
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</div><h2 id="best-overall" data-toc-id="0f4be91b-d6aa-4b4f-b6d7-8a2f18ea7b10" data-toc-label="Best Overall" class="toc-anchor"><strong>Best Stock Trading App Overall</strong></h2><p>The <a target="_self" rel="nofollow noopener" data-analytics-product-module="commerce_shortcode" data-analytics-product-id="614b3f771ccd11001141b8f3" data-analytics-product-brand="Charles Schwab" data-analytics-product-name="Charles Schwab" href="https://www.businessinsider.com/personal-finance/investing/charles-schwab-investing-review" data-track-click="{"element_name":"body_link","event":"tout_click","index":"bi_value_unassigned","product_field":"bi_value_unassigned"}">Charles Schwab</a> app provides a versatile platform suitable for diverse investors with no minimum balance requirements or service fees. It is our top selection for its user-friendliness, strong reputation, minimal expenses, and extensive collection of resources and advanced tools.</p><p>The <a target="_self" class="" href="https://www.businessinsider.com/personal-finance/investing/how-to-buy-stock" data-track-click="{"element_name":"body_link","event":"tout_click","index":"bi_value_unassigned","product_field":"bi_value_unassigned"}" rel="">stock trading</a> application offers an easy method to oversee accounts, positions, and balances. You can track the market through real-time news, stock assessments, and diverse trading methods. Their voice-activated Schwab Assistant provides voice command functionality for trading, quotes, and other informational requests.</p><p>Charles Schwab is also distinguished by its access to thinkorswim, a leading platform that accommodates all investor skill levels at no extra charge. Thinkorswim provides customizable charting, shared strategies, personalized scripts, analytics, and tools.</p><p>While seasoned investors benefit the most, novice and intermediate investors can utilize the platform to develop and test different trading strategies using a simulated PaperMoney account, gain support from the Schwab Trade Desk, or broaden their investment knowledge with Schwab's wealth of educational resources.</p><p>Charles Schwab is rated 4.8/5 on the Apple Store and 2.5/5 on Google Play.</p><p><strong>Schwab Pros</strong></p><ul><li>Access to over 8,000 no-transaction-fee <a target="_self" class="" href="https://www.businessinsider.com/personal-finance/investing/how-to-invest-in-mutual-funds" rel="">mutual funds</a> and affordable <a target="_self" class="" href="https://www.businessinsider.com/personal-finance/investing/how-to-invest-in-index-funds" rel="">index funds</a></li><li>Advanced trading tools and access to expert resources</li><li>Round-the-clock customer support</li></ul><p><strong>Schwab Cons</strong></p><p><a target="_self" class="" href="https://www.businessinsider.com/personal-finance/investing/charles-schwab-investing-review" data-track-click="{"element_name":"body_link","event":"tout_click","index":"bi_value_unassigned","product_field":"bi_value_unassigned"}" rel=""><em>Read our complete Charles Schwab review</em></a></p><h2 id="best-for-free-stock-trading" data-toc-id="3d66a3b5-8309-4ab3-87b0-f5d4a3de0595" data-toc-label="Best for Free Stock Trading" class="toc-anchor"><strong>Best for Free Stock Trading</strong></h2><p><a target="_self" rel="nofollow noopener" data-analytics-product-module="commerce_shortcode" data-analytics-product-id="60144d99e883e70012c95b4d" data-analytics-product-brand="E*TRADE" data-analytics-product-name="E*TRADE" href="https://www.businessinsider.com/personal-finance/investing/etrade-investing-review" data-track-click="{"element_name":"body_link","event":"tout_click","index":"bi_value_unassigned","product_field":"bi_value_unassigned"}">E*TRADE</a> is a premier selection for free stock trading because of its competitive rates and stock-focused tools. Commission-free trading is available for stocks, ETFs, <a target="_self" class="" href="https://www.businessinsider.com/personal-finance/investing/what-is-options-trading" data-track-click="{"element_name":"body_link","event":"tout_click","index":"bi_value_unassigned","product_field":"bi_value_unassigned"}" rel="">options</a>, treasuries, and mutual funds.</p><p>E*TRADE supports the development of new trading ideas for traders by visually presenting data along with clear descriptions that make in-depth analysis less daunting.</p><p>The standard E*TRADE app caters to casual investors with basic trading needs. While it prioritizes simplicity, the app still organizes market information, offers customizable watchlists, provides detailed stock analysis, and features an easy-to-use, grid-like layout. Unfortunately, E*TRADE does not offer fractional shares.</p><p>Power E*TRADE offers enhanced tools for experienced investors. Its screener tool can filter investment options based on customizable criteria like P/E ratios, revenue predictions, or volatility. Similar tools are available for ETFs and fixed-income investments.</p><p>While not the top option for options trading, E*TRADE offers key tools, like its Snapshot Analysis, to measure risks and rewards. It also scans for unusual activity and provides risk visualization. Options carry a charge of $0.65 per contract ($0.50 per contract with 30+ trades per quarter).</p><p>Other advantages include access to research providers, customizable options chains, and simple trade tickets.</p><p>E*TRADE is rated 4.7/5 on both the Apple Store and Google Play.</p><p><strong>E*TRADE Pros</strong></p><ul><li>No minimum deposit for opening an account</li><li>Excellent tools for options trading</li><li>Commission-free trading for stocks, <a target="_self" class="" href="https://www.businessinsider.com/personal-finance/investing/what-is-an-etf" rel="">ETFs</a>, options, Treasuries, and mutual funds</li><li>Competitive options contract rates ($0.50 when executing 30+ trades quarterly)</li></ul><p><strong>E*TRADE Cons</strong></p><ul><li>$500 minimum investment for automated advice</li><li>Additional fees for infrequent options contracts</li><li>No fractional shares</li></ul><p><a target="_self" rel="" class="" href="https://www.businessinsider.com/personal-finance/investing/etrade-investing-review" data-track-click="{"element_name":"body_link","event":"tout_click","index":"bi_value_unassigned","product_field":"bi_value_unassigned"}"><em>Read our complete E*TRADE review</em></a></p>
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<p>Open an account with <a target="_self" rel="nofollow noopener" data-analytics-product-module="commerce_shortcode" data-analytics-product-id="60144d99e883e70012c95b4d" data-analytics-product-brand="E*TRADE" data-analytics-product-name="E*TRADE" href="https://www.businessinsider.com/personal-finance/investing/etrade-investing-review" data-track-click="{"element_name":"body_link","event":"tout_click","index":"bi_value_unassigned","product_field":"bi_value_unassigned"}">E*TRADE</a>.</p>
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<h2 id="best-for-beginners" data-toc-id="ad42318f-b954-429e-89d5-b482d9cd1646" data-toc-label="Best for Beginners" class="toc-anchor">Best for Beginners</h2><p>Though <a target="_self" rel="nofollow noopener" data-analytics-product-module="commerce_shortcode" data-analytics-product-id="6171c7c4cd357c0013f7adb6" data-analytics-product-brand="SoFi®" data-analytics-product-name="SoFi Active Invest®" href="https://www.businessinsider.com/personal-finance/investing/sofi-invest-review" data-track-click="{"element_name":"body_link","event":"tout_click","index":"bi_value_unassigned","product_field":"bi_value_unassigned"}">SoFi Active Invest®</a> might lack the complex features of larger platforms, its simplicity makes it easily accessible for those with limited trading experience.</p><p>SoFi's trading app is tailored to both general investment and retirement accounts. Investment options are moderately restricted but include a vast selection of stocks and ETFs.</p><p>The app features educational articles accessible from account pages. SoFi provides an opportunity to begin trading with small investments and no fees, an effective combination for grasping the fundamentals.</p><p>SoFi charges a 0.25% annual advisory fee based on account balance.</p><p>SoFi is rated 4.8/5 on the Apple Store and 3.9/5 on Google Play.</p><p><strong>SoFi Invest Pros</strong></p><ul><li>Assistance with financial planning</li><li>Commission-free trading</li><li>$1 minimum to start investing</li></ul><p><strong>SoFi Invest Cons</strong></p><ul><li>Currently only available to US residents</li></ul><p><a target="_self" class="" href="https://www.businessinsider.com/personal-finance/investing/sofi-invest-review" data-track-click="{"element_name":"body_link","event":"tout_click","index":"bi_value_unassigned","product_field":"bi_value_unassigned"}" rel=""><em>Read our full SoFi Active Invest review</em></a></p>
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<p>Open an account with <a target="_blank" rel="nofollow noopener" data-analytics-product-module="commerce_shortcode" data-analytics-product-id="6171c7c4cd357c0013f7adb6" data-analytics-product-brand="SoFi®" data-analytics-product-name="SoFi Active Invest®" href="https://secure.money.com/pr/ib5ccef38b62" data-track-click="{"click_type":"other","element_name":"body_link","event":"outbound_click"}">SoFi Active Invest®</a>.</p>
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<h2 id="best-for-long-term-investing" data-toc-id="21b89361-15f8-49a8-a75b-81d6d5fd40c8" data-toc-label="Best for Long-Term Investing" class="toc-anchor"><strong>Best for Long-Term Investors</strong></h2><p id="969461a8-373c-463e-8e6e-7ca4251de5d8" data-toc-label="Best for Long-Term Investing"><a target="_self" rel="nofollow noopener" data-analytics-product-module="commerce_shortcode" data-analytics-product-id="614a242e1ccd11001141b705" data-analytics-product-brand="Fidelity" data-analytics-product-name="Fidelity Investments" href="https://www.businessinsider.com/personal-finance/investing/fidelity-investments-review" data-track-click="{"element_name":"body_link","event":"tout_click","index":"bi_value_unassigned","product_field":"bi_value_unassigned"}">Fidelity Investments</a>' stock trading platform suits long-term and retirement-focused investors thanks to its accessible buy-and-hold strategy and focus on accomplishing your financial objectives.</p><p id="969461a8-373c-463e-8e6e-7ca4251de5d8" data-toc-label="Best for Long-Term Investing">You can select investments that assist you in reaching financial goals, such as home ownership, weddings, and retirement savings.</p><p id="969461a8-373c-463e-8e6e-7ca4251de5d8" data-toc-label="Best for Long-Term Investing">Fidelity offers commission-free trading on fractional shares, options ($0.65 per contract), stocks, and ETFs. Its index mutual funds come with zero expense ratios, and U.S. <a target="_self" class="" href="https://www.businessinsider.com/personal-finance/investing/treasury-bonds" data-track-click="{"element_name":"body_link","event":"tout_click","index":"bi_value_unassigned","product_field":"bi_value_unassigned"}" rel="">Treasuries</a> traded online are fee-free.</p><p id="969461a8-373c-463e-8e6e-7ca4251de5d8" data-toc-label="Best for Long-Term Investing">Alongside general tools for research and trading, Fidelity provides specific applications and utilities designed to assist long-term planning. Fidelity Spire, for example, encourages good saving and investment habits.</p><p>Fidelity is rated 4.8/5 on the Apple Store and 4.6/5 on Google Play.</p><p><strong>Fidelity Pros</strong></p><ul><li>Commission-free trading on stocks, fractional shares, ETFs, and options</li><li>Fidelity basket portfolios</li><li>Fee-free mutual funds</li></ul><p><strong>Fidelity Cons</strong></p><ul><li>High minimum requirements for <a target="_self" class="" href="https://www.businessinsider.com/personal-finance/investing/cfp" rel="">CFP</a> access through Fidelity Go</li></ul><p><a target="_self" class="" href="https://www.businessinsider.com/personal-finance/investing/fidelity-investments-review" data-track-click="{"element_name":"body_link","event":"tout_click","index":"bi_value_unassigned","product_field":"bi_value_unassigned"}" rel=""><em>Read our Fidelity review</em></a></p><h2 id="best-for-newbie-active-traders" data-toc-id="233bab6d-2c74-497d-aeb2-15b156c08d02" data-toc-label="Best for Newbie Active Traders" class="toc-anchor">Best for Newbie Active Traders</h2><p id="233bab6d-2c74-497d-aeb2-15b156c08d02" data-toc-label="Robinhood: Best for Active Investors"><a target="_self" rel="nofollow noopener" data-analytics-product-module="commerce_shortcode" data-analytics-product-id="611d256da48c9200115cfe4e" data-analytics-product-brand="Robinhood" data-analytics-product-name="Robinhood Investing" href="https://www.businessinsider.com/personal-finance/investing/robinhood-investing-review" data-track-click="{"element_name":"body_link","event":"tout_click","index":"bi_value_unassigned","product_field":"bi_value_unassigned"}">Robinhood Investing</a> is a trend-setting app that brought perks like IRA matching and commission-free trades to the market. It’s suitable for investors who seek experience executing more complex trades, like options, <a target="_self" class="" href="https://www.businessinsider.com/personal-finance/investing/futures-investing" data-track-click="{"element_name":"body_link","event":"tout_click","index":"bi_value_unassigned","product_field":"bi_value_unassigned"}" rel="">futures</a>, and cryptocurrency.</p><p id="233bab6d-2c74-497d-aeb2-15b156c08d02" data-toc-label="Robinhood: Best for Active Investors">Robinhood operates mobile-first and prioritizes functionality and ease of use through its mobile app over a desktop experience. Users gain access to charting capabilities, market data, Morningstar research, and execution speeds common among more involved platforms.</p><p id="233bab6d-2c74-497d-aeb2-15b156c08d02" data-toc-label="Robinhood: Best for Active Investors">Robinhood stands out by offering commission-free cryptocurrency trading.</p><p id="233bab6d-2c74-497d-aeb2-15b156c08d02" data-toc-label="Robinhood: Best for Active Investors">Robinhood also provides a new free browser trading platform, Legend, which provides growing room for investors who want to eventually take stock trading to the next level. Robinhood Legend provides professional-grade technology and more powerful charting capabilities and tools for investors seeking a more professional trading setup.</p><p id="233bab6d-2c74-497d-aeb2-15b156c08d02" data-toc-label="Robinhood: Best for Active Investors">However, many top features — including lower trading fees and a 3% IRA match — require a Gold membership ($5 monthly or $50 annually).</p><p id="233bab6d-2c74-497d-aeb2-15b156c08d02" data-toc-label="Robinhood: Best for Active Investors"><strong>Robinhood Pros</strong></p><ul><li>Commission-free trading on stocks, ETFs, options, and crypto</li><li>$0 minimum to start investing</li><li>24/5 extended stock trading hours</li><li>Morningstar research and Nasdaq Level 11 data</li></ul><p id="233bab6d-2c74-497d-aeb2-15b156c08d02" data-toc-label="Robinhood: Best for Active Investors"><strong>Robinhood Cons</strong></p><ul><li>Limited cryptocurrency selection compared to other exchanges</li><li>Gold membership is required to access advanced features</li></ul><h2 id="best-for-combined-banking-and-stock-trading" data-toc-id="27232406-759b-42ed-a2ed-b244e29200d8" data-toc-label="Best for Combined Banking and Stock Trading" class="toc-anchor"><strong>Best for Combined Banking and Stock Trading</strong></h2><p>If you seek an investment platform coupled with leading savings and checking accounts, <a target="_self" rel="nofollow noopener" data-analytics-product-module="commerce_shortcode" data-analytics-product-id="61438f0313cd0400189dfa03" data-analytics-product-brand="Ally" data-analytics-product-name="Ally Invest" href="https://www.businessinsider.com/personal-finance/investing/ally-invest-review" data-track-click="{"element_name":"body_link","event":"tout_click","index":"bi_value_unassigned","product_field":"bi_value_unassigned"}">Ally Invest</a> is well-suited.</p><p>Ally Invest comes without minimum or recurring fees and provides the same login credentials as Ally Bank. The app enables you to view your investments and enter trades within a few clicks.</p><p>The application offers basic research tools, charts, current news, and quick trade capabilities. Although it is not as comprehensive as others, it covers the essentials at a very competitive cost.</p><p>They offer two portfolio options:</p><ul><li><strong>Cash-enhanced:</strong> Allocates 70% to ETFs and 30% to cash to reduce volatility. No advisory fees apply.</li><li><strong>Market-focused:</strong> Allocates 98% to ETFs and 2% to cash. Includes a 0.30% advisory fee.</li></ul><p>Ally Invest holds a 4.7/5 rating on the Apple Store and 4.2/5 on Google Play.</p><p><strong>Ally Pros</strong></p><ul><li>Tax-optimized accounts</li><li>Advanced, automated trading tools</li><li>Commission-free options, U.S. stocks, and ETFs</li><li><a target="_self" class="" href="https://www.businessinsider.com/personal-finance/investing/financial-plan" rel="">Financial planning</a> tools</li></ul><p><strong>Ally Cons</strong></p><ul><li>No tax-loss harvesting</li><li>High minimum for advisor-assisted trades</li></ul><p><a target="_self" class="" href="https://www.businessinsider.com/personal-finance/investing/ally-invest-review" data-track-click="{"element_name":"body_link","event":"tout_click","index":"bi_value_unassigned","product_field":"bi_value_unassigned"}" rel=""><em>Read our complete Ally Invest review</em></a></p><h2 id="best-for-options-trading" data-toc-id="30f44ec4-b4a3-4e43-8e18-8ae96f007dd4" data-toc-label="Best for Options Trading" class="toc-anchor">Best for Options Trading</h2><p><a target="_self" rel="nofollow noopener" data-analytics-product-module="commerce_shortcode" data-analytics-product-id="614b789f13cd0400189e0628" data-analytics-product-brand="Webull" data-analytics-product-name="Webull" href="https://www.businessinsider.com/personal-finance/investing/webull-investing-review" data-track-click="{"element_name":"body_link","event":"tout_click","index":"bi_value_unassigned","product_field":"bi_value_unassigned"}">Webull</a> is a discount trading platform that offers commission-free options trading, market data, crypto, and a straightforward application, accompanied by comprehensive web and desktop versions with deeper analysis.</p><p>Specifically catered to options and futures traders, the Webull app includes advanced resources, paper trading, charting tools, technical signals, multiple indicators, and extended trading hours. It promotes investor education through Webull Learn with over 500 courses and materials.</p><p>Webull's app suits intermediate to experienced traders interested in selecting commission-free U.S. stocks, ETFs, and options. Other trading options include futures, index options, ADRs, crypto, fractional shares, and money-market options.</p><p>Webull has earned a strong reputation for its mobile-first design and low costs, which include decent interest rates on cash.</p><p>Webull is rated 4.7/5 on the Apple Store and 4.5/5 on Google Play.</p><p><strong>Webull Pros</strong></p><ul><li>Commission-free trading for U.S. stocks, ETFs, and options</li><li>Paper trading, market indicators, customizable charts</li><li>High order execution quality</li></ul><p><strong>Webull Cons</strong></p><ul><li>No mutual funds</li><li>Crypto trades require Webull Pay</li></ul><p><a target="_self" class="" href="https://www.businessinsider.com/personal-finance/investing/webull-investing-review" data-track-click="{"element_name":"body_link","event":"tout_click","index":"bi_value_unassigned","product_field":"bi_value_unassigned"}" rel=""><em>Read our Webull review</em></a></p><h2 id="f7052fa8-dae7-497f-bc5c-965573d792a2" data-toc-id="f7052fa8-dae7-497f-bc5c-965573d792a2" data-toc-label="Introduction to Free Stock Trading">Introduction to Free Stock Trading</h2><p>Commission-free trading apps have broadened investment accessibility to both beginners and those mindful of costs, letting them buy and sell shares without transaction fees. Many also offer access to securities like ETFs and mutual funds, beyond standard stock trades.</p><h3 id="bbe37f0b-c1bb-4efd-b59a-8cf381795351" data-toc-id="bbe37f0b-c1bb-4efd-b59a-8cf381795351">The Rise of Commission-Free Trading</h3><p>Commission-free trading has transformed the investment world, making trades easier and more economical. The elimination of these fees began with Charles Schwab in the 1970s. Robinhood normalized no-fee trades for online brokerage platforms by offering commission-free stock and ETF trading.</p><p>Brokerage firms now generate revenue from interest on cash balances, advisory services, and lending programs, decreasing the need for trading fees. Advances in technology, such as automated trading, have also played a part.</p><h2 id="f8a0e908-40ac-4c14-9d87-28f33a9463
