With the popularity of mobile internet and smart phones, more and more investment apps have emerged, providing investors with convenient and quick online trading services. However, some apps charge high commissions and fees while others have complex operations or poor user experience. This article will recommend the top 5 best free investment apps for investors in 2023 based on factors like no commissions, easy to use interfaces, rich features and good reputations.
Robinhood – Best for commission free stock trading
Robinhood is one of the most popular free investment apps. It offers $0 commission fee stock trading and has an intuitive and easy to use mobile interface. Robinhood also provides real-time market data, options trading and fractional shares. The disadvantages are that it lacks some advanced trading tools like screening stocks and its customer service needs improvement.
Moomoo – Good for global stock trading
Moomoo app provides free trades for over 40 global stock markets including the U.S., HK and China A-shares. It has powerful analytical tools like AI-assisted screening and paper trading simulation features. Though the interface may seem complicated for beginners, it is still a nice choice for investors who trade global stocks.
Webull – Rich research resources
Webull not only offers $0 commission trading for stocks and ETFs, but also provides users with comprehensive market data, analyst ratings, financial news and advanced charting tools for analysis. It is suitable for active traders who need abundant free trading resources. The weaknesses contain limited account types and average trading speed.
TD Ameritrade – Reliable brokerage brand
TD Ameritrade mobile app stands out by its reliability of a long history brokerage brand, $0 fees policy, simplified interfaces and 24/7 customer support. It also integrates social community features for investors to share ideas and experiences. However, some users reflect that the app runs a bit slow occasionally.
E*TRADE mobile – Good for options trading
The E*TRADE app offers $0 stock, ETF and options trades along with real-time quotes, market news, charting and screening tools. It provides a full range of investment products for users to implement various trading strategies. But the interfaces seem more complex compared to Robinhood and Webull apps.
In conclusion, Robinhood, Moomoo, Webull, TD Ameritrade and E*TRADE apps are the top 5 best free investment mobile apps recommended in 2023 based on the criteria of no commissions, easy use, rich features and reliability. Investors can choose the one that best suits their investment needs.