13 Best Stock Trading Apps for Beginners

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2. The huge growth in online trading has meant that you can now buy and sell stocks and currencies from anywhere in the world with your phone. However, the choice of apps is wide. We thought we'd take a look at the stock trading apps out there and hand-pick the best stock trading apps for beginners. We've given each marks out of ten. 1. Nutmeg (6/10) This is actually a great idea, and it has met with plenty of interest in Europe. It is also very accessible, with the app allowing investors to get started with as little as £500 in capital. The best way to describe the way the app works is if you imagine having a team of investment specialists investing on your behalf, that's it.

3. The app allows you to withdraw your money whenever you want with no fees attached. So it's perfect for beginner investors who are just finding their way. The best bits: Low fees Customers report good returns Simple to use The not-so-good: Some customers have reported that the returns calculations are not always realistic, especially after withdrawal of funds 2. eToro (7/10) This trading platform app is all about helping people understand the trading dynamic. It allows a full-featured practice account too for mock stock trading, so you can spend as much time as you want making trades and seeing how fluctuations affect your returns. Another huge plus for eToro is the ability to copy traders. So if you see someone using the platform and they're doing well, or running a portfolio that mirrors yours, you can copy their trades and learn that way. You can even do this with real money. However, one drawback that may cause issues is its reliance on CFDs. This limits the platform. At the same time, it still proves to be useful for beginners because this limited option offering may well be a key draw if you're looking for an app to practice stock trading.

4. The best bits: Ability to copy traders with virtual stock trading as well as actual Easy set up The not-so-good: All CFDs, so limited in that respect 3. Robinhood (8/10) Available on Android and iPhone, this has a great name for a stock trader app, it also offers plenty of support and potential for a great stock trading future if beginners need a way in. It's got a personalised news feed, something that other apps haven't always been able to offer. And that feed is truly personalised. Obviously, depending on how lovely your stocks are, you can get a ton of news that can help you stay on top of your stock picks. The biggest draw for Robinhood obviously is the fact that the app allows you to trade with no commissions. Digging down into this does prove that the Robin Hood experience literally doesn't charge you. This leaves you able to invest a little more, and is obviously less intimidating for beginners, who will welcome the chance for free stock trading. However, if we're to be completely honest about Robinhood, we'll focus on the lack of options for those who want to venture wider out in the trading pool. There are no mutual funds available, and the number of assets overall do not hit the large numbers. So if you're looking for something that allows you to get into intermediate level training (or even late beginner) this may well not be the app for you.

5. The best bits: No commission Incredibly easy to use The not-so-good: The number of instruments and assets you can trade is quite limited You'll Love These: 9 Day Trading Books That'll Up Your Game Considerably Best Forex Trading Books to Become a Currency Trading Expert Best Laptops for Day Trading in 2018 These Awesome Smartphones Are The Best for Day Trading 4. Bloomberg (8/10) This is a major and notable news service on iOS and Android, and it's investment app offers you a wealth of information around finance. One of the best aspects of this service is the information, and you can have tailored reports created for stocks you hold. This makes it very useful for beginners in the long term, who are just getting used to reports and charts. In addition, and if you need it, there is also plenty of additional content in video and radio that offers more in-depth reporting and opinion to help while you are buying and selling stock. The best bits: A huge volume of information from one of the world's most trusted sources on finance

6. The not-so-good: Information overload. It's sometimes tempting to binge on charts and reports. There's plenty of that here. Beginners may want to limit their time in the early days 5. Scutify (8/10) This is actually quite a novel concept that has taken off and just blown up into something that many beginners may find invaluable. Scutify is a social network that is based around trading, and it is very active, to say the least. That's one of the drawbacks, in that a beginner may find the sheer number of conversations a little daunting. But perseverance will bring you a place that allows you to discuss your trades (or planned trades) and also just to relax and discuss markets. Dig a little deeper and you'll find ‘Scuttles' on forex that give you tips and a genuinely friendly place to find info on currencies. A lot of the content here actually comes from Twitter, which is no bad thing. But it does require you to be a little selective on what you pick up on. Click on a currency pair and you'll see the latest tweets and news from the Scutify community. It's all handled very simply, so there's no real clutter to worry about. The up- to-the-minute news aspect means that users are always able to dip in and find stuff that means something to their current positions. The best bits: A friendly social network that rewards you the more involved you are

7. The not-so-good: A potentially scary place for beginners 6. SAXO Bank (9/10) This is a privately-owned platform, and it has a very solid reputation. The biggest pull for beginner investors is the deep research the platform offers. There are always trading ideas and tips coming through, which makes it a very welcome resource for beginner traders as well as more experienced users. On the flip-side, you'll need to be able to deposit $2,000 USD from your bank account to trade. This is not a problem if you have that starting amount, but it could be a bit of a barrier to entry for some beginners. We're including this one for it's superb research potential though. The trade ideas make for a fun, informative environment. The best bits: Best-in-class research, very useful for beginners The not-so-good: A $2,000 USD minimum for funding 7. Wealthsimple (9/10)

8. We like Wealthsimple. It's been around as an idea for a long time, and originated in Canada. It's beginner-friendly for the simple reason that it takes a lot of the work away from you (like Nutmeg) but it also offers different levels of complexity. This makes it great for beginners, as well as next-level investors. The best bits: It's all in plain English, so it's beginner-friendly It's completely free for the first £5000 of investment capital Users are taken through every single step in a simple, clear fashion The not-so-good: The design of the app becomes a little dull quite quickly. While this isn't necessarily a deal-breaker, beginners may need a brighter app 8. Investr (9/10) Now this is a real goldmine for anyone who is just staring out in investing. It offers everything you would actually need to make a start with a stock trade, including the facility to perform actual analysis of stocks. While this may seem a little obvious, it provides a safe, easy-to-use experience for following trades and companies. This is a great place to start, and it simply feels good. Market research to aid investment decisions is, therefore, easy to get into and you can dive deep and build up an investment approach before you dip your toes in the water. Whether it's forex or stocks you're looking at an excellent feed, whereby news and market

9. updates come thick and fast. In addition you also get charts that, even for a beginner, are easy to get into and use. Crucially, you're also able to play the ‘game' of investment, investing play money. It's a great way to learn, as the investments are based on the current day's numbers, and therefore you can build up a portfolio and take it to the market, all risk-free. We like the game aspect. We know plenty of other apps do this kind of thing, but it's so clearly presented in this one that it makes for a friendly and non-intimidating approach. The fractional share trading option is the only glitch. It's a little hard to fully understand for a new investor, and could have been better presented. But that's a small gripe when you see the quality of what is on offer for mobile stock trading. The best bits: The game. It's fun, nice to look at and a great intro to investing The feed offers plenty of market info The charts are high quality and non-threatening The not-so-good: The fractional trading offer could have been a little better presented 9. MSN Money (9/10) This is similar to the Bloomberg app in that it covers a lot of information from all kinds of areas of finance in a user friendly manner. However, it also has an app that we feel is a

10. little easier to use on mobile. Try it out, and you'll be zipping around from item to item with ease in no time. What's more, the content is incredibly useful. It also has great coverage too. Sure, it offers the same issue with potential information overload, but any beginner would rather spend time getting to know markets, and this (and the Bloomberg app) won't let you down in this respect. The edge over Bloomberg is further reinforced by some of the key features that mean you have financial tools available. The iPhone app, for example, is a real find, because it also includes a wealth estimator. That wealth estimator is part of the MSN Money family of apps on the desktop version. There is plenty more on the Web, but the fact that some of MSN Money's best stuff is represented on the mobile app is worthy of praise. Perfect for frequent traders. The best bits: The wealth of information, and some of the best features from the MSN Money Web presence The not-so-good: That information overload thing, which may terrify beginners 10. Yahoo! Finance (9/10) Believe it or not, this platform still offers a ton of value to the regular investor as well as the complete beginner. Like the best of the news apps here, this one gives you tons of

11. content, and an easy, manageable interface that seems very intuitive as soon as you power it up. This makes for a fantastic experience for beginners. We also feel it is perhaps still the fastest for market news. We don't see a similar app for Google yet so that situation may change. But the real-time news here, as well as the videos that are of huge value, are all smooth and quick, so you never miss out on anything important. That of course is vital for the beginner. 11. Personal Capital (9/10) This has a great approach to helping beginners. It's key selling point for beginners is the ability to work with an advisor. The advisors attached to Personal Capital are all connected to huge firms in some way or other, whether it's their career history or work they do now. This makes it a valuable option. It does cost money, but it's a great way to get some sound financial advice around investing. Aside from that, it offers great support when you're trying to manage multiple accounts, which may be beyond beginners to an extent. But the way in which it helps you manage even a few accounts and positions, from a monitoring point of view, adds great value overall. And we can't fault that option to work with an advisor. 12. HL (Hargreaves Lansdown) (10/10) This is a very popular app that comes from one of the most trusted trading platforms in the UK. Hargreaves Lansdown has just released the app recently though, and already it's showing other platforms some finer points that they may want to copy. The app has a ton of features basically and this reflects the standing the platform has. It's a FTSE 100 company and has customer service that is very responsive.

12. The best bits: Excellent customer service A respected, established platform 13. TD Ameritrade (10/10) This trading platform wins out for most stock traders due to the professional, comprehensive approach. The customer service is superb, and is a key feature of TD Ameritrade. In addition, the platform offers plenty of third-party reports on assets, with some stocks having two or three reports that quickly come up so you can make trading decisions armed with more info. This is all delivered in a slick and easy-to-use interface so you are also having an enjoyable experience. You can even share your trading ideas with a specialist with the mobile app so you get crucial advice when you need it. And to add even more value, the app even offers streaming CNBC feeds, so you can immerse yourself in the markets. A slick and professional experience, the only drawback for beginners (and, to be honest, advanced investors) is the fee structure. The fee is $6.95 per trade. The best bits: Share your trading ideas instantly with a specialist Streaming of CNBC Industry-leading, comprehensive reporting

13. The not-so-good: Fees could be prohibitive ABOUT The psychology of trading can affect even the best traders at times so reducing your risk by learning exceptional trading strategies and risk management is a must. Focus on managing your trading like a business, keep track of all trades and use sensible stop losses and you'll lay down the fundamentals to a lucrative career. At My Trading Skills we provide online financial trading courses for spread betting, forex and CFDs. Courses are for beginner, intermediate and advanced learners so you can enter the markets with all the knowledge you need to be a profitable trader. For more info, call us or visit our website. CONTACT My Trading Skills Phone: +44 (0) 1428 738305 Email: support@mytradingskills.com Website: www.mytradingskills.com