Stock markets are the world of green and red, of bull and bear and of high and lows. It is a segment through which people indulge in buying or selling of securities with a motive to earn profit either by trading on a short term basis like on an intraday model or on a long term basis, with the perspective of making a long term investment.
It is usually said that one should gain proper knowledge about the market before actually indulging in any trade. However, a major proportion of the stock markets runs on what is referred to as ‘tips’ and speculation, and sometimes even intuition.
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Stock Trading Apps – The future lies here
Initially, there wasn’t much advancement in this sector with regards to technology. Now there has been a considerable evolution in the introduction of trading apps to help guide beginners. These apps come in handy if you want to start trading as a practice with no money involved.
A few of these applications have been helpful in changing the face of wealth and asset management.
Let’s look at a few leading apps in the field of stock trading:
Fidelity Investments:
Fidelity investments (based in the United States) have bagged great ratings for offering a good client-friendly experience. It offers a mobile app as well as a user-friendly website trading platform.
- It has a very user-friendly interface, making it easy to access for beginners.
- What distinguishes it from others is that is has a large database, so if one is new to trade, they can easily do relevant research before making an investment.
- It is recommended for those who are passionate about trading actively on the markets.
- A major add-on is no minimum deposit fee.
- Fidelity strives to excel in providing an amazing customer experience year after year, resulting in the company bagging the number 2 position amongst 16 in an Annual Review by StockBrokers.com.
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TD Ameritrade:
TD Ameritrade has been classified often as a leading app in surveys conducted by major websites. Here’s a summary of the distinguishing features:
- It offers two different trading apps for two different categories of investors. There is an app called TD Ameritrade Mobile for intermediate investors who are not hardcore traders. There is a different app TD Ameritrade Mobile trader for traders who are highly active.
- This is one of the early brokers/providers who used the Artificial Intelligence (AI) feature for traders to interact with a bot over a chat and address queries or grievances or even challenges;
- Research and education are a win-win feature of this app. They have different types of videos for their viewers and also quizzes.
- A major feature of the app is that it upgrades as per the needs of its customers and the feedback received from them, resulting in better customer satisfaction.
TradeStation:
TradeStation can be referred to as a professional app with its focus designed on futures and options trading. It is a professional app that is recommended for active traders and not very suitable for beginners.
- TradeStation offers a mobile based application, desktop trading and also web-based variations.
- It has inbuilt pro tools for trading in Futures and Options which makes the complex procedure simplified.
- With an experience of 30 years, TradeStation maintains its level of customer satisfaction by providing new facilities which aid simplified trading.
- It has a basic commission chart with no unnecessary fees.
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Zerodha:
Zerodha is a leading stock trading app in India that provides users with easy access to various investment opportunities.
- Option to add money in the Zerodha wallet for instant order execution.
- Single app for investments in shares as well as mutual funds.
- Extremely fast execution of trades through proprietary algorithm.
- Supports investment in IPOs as well.
- User-friendly dashboard offering ready access to real-time information.
E*TRADE:
A number 1 in major areas, E*TRADE has evolved as a mobile trading app.
- E*TRADE grades on as top product in the commission category
- It offers two trading apps E*TRADE mobile usually preferred for the trading of stocks and Power E*TRADE for trading in the options category. These apps are supported in both Android and iOS backed devices.
- It is also great with the education and research category as it offers free sessions for beginners to learn.
- With its ever-evolving features, it is a huge competition for other players in the industry.
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Interactive Brokers:
It is majorly known for the access it provides to global markets.
- It provides excessive research and education related material for beginners as well as professionals.
- It has an amazing charting feature for tracking by professional traders.
- It has its headquarters in Greenwich, Connecticut
Money Control:
Money Control is an India based product which has its own app as well as an interactive website.
- Boasts of a great dashboard, making it easy to keep track of the stocks
- Real-time update and news on the stocks you have marked as favorites.
- Interactions and suggestions from other investors.
- Money Control pro, a paid app for additional features for active traders.
These are some of the leading stock trading apps that are playing a leading role in changing the face of wealth and asset management. With the rapid pace at which these apps are evolving, it is a foregone conclusion that the future of stock trading lies more in mobile based trading. Don’t you think?
