the best stock trading apps for beginners. We’ll break down the pros and cons of the most user-friendly

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the best stock trading apps for beginners. We’ll break down the pros and cons of the most user-friendly

stock trading apps and help you decide which is
the best trading app for you. (energetic music) Hey, welcome back guys. This is Erik of EverydayInvesting.com, where I’m all about helping
the everyday investor maximize their saving and investing. Today we’re going over my
best three stock trading apps for new stock traders that really give you the most user-friendly interface and the best overall user experience to really help you start trading stocks right from the palm of your hand.

Now if at any point of today’s video, you want to jump ahead or jump back to any particular stock trading
app we’re covering today, I’ll be sure to include
timestamps down below in the description box, as well as links to my
more full in-depth review on each one of these stock trading apps. So today we are going over the.
app for trading cryptocurrency best three stock trading apps for new stock traders
that are especially great if you’re interested in
actively trading stocks. Now if you want to to see
how these three apps compare to more passive investing apps, be sure to stay tuned
until the end of the video where I’ll share with you the three best stock market investing apps that are geared a lot more
towards passive investing.

But with that being said guys, let’s now hop into the
first best stock trading app for new stock traders and
that is the Public app. So Public is definitely one
of my top stock trading apps for new stock traders because
it’s a 100% commission-free stock trading platform, there are no commissions and no fees to buy or sell any stocks on the platform. And in addition, Public
is an extremely clean and user-friendly mobile app. Another great thing I
like with Public guys is that you can get
started trading on the app with as little as $5. So that’s a really great
advantage right there for a new investor,
for a new stock trader. Now, in terms of the
investments offered on Public, Public does give you access
to investing and trading thousands of individual stocks in ETFs, Public lets you invest and and trade fractional shares of stocks, what they refer to as slices.

You can trade pieces of
companies, pieces of stocks instead of having to buy the full share. As you can see, there are stocks that cost hundreds of
dollars to buy a full share and if you’re just getting in
a stock trading and investing, you may not be able to afford that, but with Public you can
buy a fractional share, a slice of that stock and
trade that just the same. But by far, one of the most unique aspects to the Public app guys is the fact that they do
have a unique social layer, integrated a social community, where you can follow your
friends, have conversations and not only can you
connect with your friends, but you can also follow
experts, industry leaders and other people in the
investing community, or you can also explore their themes page, where they have over 50 different themes ranging from finance to
retail, to food, to tech, all of these different themes
help you discover new stocks that you may want to invest in or that you may want to trade.

Another reason Public is
definitely worth considering as a new stock trader is because they offer
advanced order types. And what that means is, in addition to allowing
you to place market orders, you can also place limit
orders and stop orders, meaning you can have Public buy
and sell your stocks for you at your desired price point, even when you’re away from
your phone automatically. And one non-investing
feature on the Public app that I really liked for new
stock traders and investors is that they allow you to
earn a nice amount of interest on your uninvested cash. Now they currently, at
the time of this video, you earn 2.5% APY on uninvested cash sitting in your cash balance, that’s not invested in
your Public portfolio.

Now in terms of the
pricing and fees on Public, great news, Public is
a 100% commission-free stock trading and investing platform. There are no commissions or trading fees to buy or sell stocks, nor are there any monthly
account maintenance fees or monthly account subscription fees, nor are there any minimum
account balance requirements. Now I want to briefly discuss
who Public is most ideal for, versus who Public is not as ideal for.

So for starters guys,
Public is definitely ideal for new stock traders and new
investors to the stock market. Because not only can you get started investing in trading stocks on
Public with as little as $5, but they also have an extremely
user-friendly interface, very clean design, easy to navigate. On top of that you can
also trade and invest in fractional shares, in slices
of these stocks on Public, which is another great advantage. And lastly with Public, they
do allow you to explore themes and Public portfolios to really
help you discover new stocks you may want to invest in or trade. The second type of person I
would say Public is ideal for, would be for those stock traders that really want a sense of community in their stock trading app.

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Because like I said guys, Public is by far the most social stock trading
and investing app out there. They really do give you a layer
of connection and community and a sense of connection to your friends, to industry leaders, to experts, to really not only helping
you discover new stocks and portfolios, but they
also allow you to communicate and connect and have real
conversations around real stocks and real companies. And thirdly, I would say
Public is definitely ideal for stock traders and investors who simply want to earn more interest on their uninvested cash. Because like I said guys, at
the time I film this video, Public currently offers 2.5% APY interest on your uninvested cash
sitting in your Public account. So now let’s briefly discuss who the Public app may
not be as ideal for. Firstly, Public may not be as
ideal for active stock traders that need more advanced charts and data to complete their stock trades. Now Public does give you access to essential stock information, charts and statistics
on each and every stock or ETF available on their platform. But if you’re a more active stock trader and you’re really getting
into advanced analysis and research and data,
you may find more value in one of the stock
trading apps we’ll have coming up later on in this video.

Now the second type of person I would say Public may
not be as ideal for, would be for investors and stock traders who want additional account features out of their stock trading app. Now don’t get me wrong guys, Public is an extremely clean and user-friendly stock trading app. However, they’re a little
limited on features at this time, as they continue to
build out their platform. For instance, they don’t currently offer a retirement accounts or mobile
banking checking accounts with debit cards. And you can find some of these features on similar investing apps. With that being said,
we’re now hopping into my second recommended stock
trading app to consider for new stock traders and that is the Robinhood app. So Robinhood is another
great stock trading app for new stock traders
because also like Public, it’s a 100% commission-free
stock trading app.

There are no fees, no commissions to buy or sell your stocks. And in addition, Robinhood also
has a very user-friendly app just like Public. Again, with either Public or Robinhood, you’ll have no problems
navigating the app, even as a new stock trader or investor, they’re both very user-friendly. Now much like Public, Robinhood does also give you
access to trading and investing in thousands of individual stocks and ETFs on their platform.

Now in terms of fractional shares, that is a feature coming
to Robinhood very soon. They announced at the end of last year that it’s rolling out
to the masses very soon on their platform, but
as it becomes available, that will be another great
feature for new stock traders, the fact that you’ll be able to trade and invest in fractional shares of these stocks on Robinhood. Now in terms of getting
started on Robinhood, there is no account minimum requirement to open an account, to get started. And just like on Public, Robinhood does also offer
advanced order types such as market order, limit order, stop loss order and stop limit order to really help you automate your trades, even when you’re away from your phone. So again on Robinhood, by placing these advanced order types, you can buy or sell your stocks
at your desired price points automatically, even when
you’re away from your phone.

Now, one really unique
feature on the Robinhood app, which is really not found on many other stock
trading apps, if at all, is the ability to also
trade cryptocurrency because on Robinhood, they also have a built-in integration called Robinhood Crypto, where you can buy, sell, trade top cryptocurrencies like Bitcoin, Ethereum, Litecoin and several others right directly on their platform. Again, just like their stocks,
also 100% commission-free. And in one of their most recent additions, Robinhood has now also added
a cash management account directly built into the app, which also comes with
a Mastercard debit card with the Robinhood logo
on it, very cool stuff, because it also allows
you to access your money much quicker now, plus it is also an
interest earning account that does allow you to earn interest on the uninvested cash inside
of your Robinhood account. Now the interest rate is
variable on Robinhood, unlike Public, which means on Robinhood, the interest rate can
fluctuate up and down as the federal interest rate fluctuates. Now, in terms of the pricing on Robinhood, Robinhood guys is 100%
commission-free platform, just like Public.

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There are no commissions or trading fees to buy or sell your stocks or ETFs. There are no monthly
account maintenance fees and there are no subscription costs. Now Robinhood does offer
an upgraded account called the Robinhood Gold, which is a margin trading
account, which does offer an array of different
additional trading features if you’re getting more
advanced into trading. So that is something that they do offer, but the baseline Robinhood account is 100% commission-free to use.

So let’s briefly discuss who I think Robinhood is most ideal for versus who it’s not as ideal for. Well for starters guys, I would definitely say Robinhood is ideal for new stock traders. Because not only do they
have an extremely clean and user-friendly mobile app, but they also offer 100%
commission-free stock trading. In addition, they’re going
to also soon have the ability to invest in and trade fractional shares coming soon to the app. And the second type of stock trader, I would say Robinhood is ideal for, is just that, the active
stock trader on the go. Because again, with those
advanced order types, like I said on Robinhood, the market order, the stop loss order, the stop limit order and the limit order, you can really buy and sell stocks at your desired price points, even when you’re away from your phone. And the third type of person, I would say the Robinhood
app is ideal for, is those stock traders who want to trade both
stocks and cryptocurrency because on Robinhood, you don’t have to choose
between either one, it’s a platform that
allows you to trade both, stocks and cryptocurrency.

Now, who would I say Robinhood
would not be as ideal for? Well, I would say Robinhood
may not be as ideal for those interested in passive investing. Because Robinhood is
definitely more geared towards active stock trading. And while Robinhood can be used, as a long-term buy and hold app, most of the features on Robinhood are definitely geared towards
short-term stock trading. And because of this, this may
require more active research, active portfolio management on your part. The second type of person, I would say Robinhood
may not be as ideal for, would be for stock traders who want to practice their stock trading before having to actually
trade with their real money.

Because while Robinhood is an extremely clean
user-friendly app to trade stocks, you can’t practice
trading with virtual money on their platform. Now, if you’re interested in 100% commission-free stock trading app, that does let you practice
trading first with paper money, we’re going to talk
about that app right now and that app is the Webull app. So another great stock trading app for new stock traders to
consider would be the Webull app. Now Webull, much like Robinhood and Public does give you access to
trading and investing in thousands of individual
stocks and ETFs. And just like the other two apps, Webull is 100% commission-free app, there are no commissions or trading fees to buy or sell any of your stocks. But unlike Robinhood and Public, Webull does take stock
trading for the next level, by offering you additional features that you may find value in, especially if you’re
actively trading stocks.

For starters, Webull does offer the most extensive built-in research, data, analysis, charts, all packed into the app
for each and every stock in ETF available on the platform to really help you make more determined stock trading decisions. But the reason I think Webull is definitely worth considering
for new stock traders is not for the advanced
research and analysis, but it’s rather for their
paper trading feature. And this is a really
unique feature on Webull that I really like and I think you’ll like as a new stock trader, because it allows you to do just that, trade with paper money, virtual money. It allows you to practice trading with the virtual stock trading account on the app without
impacting your real funds.

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And then after you get some practicing, then you can do it in your real, stock trading account on Webull, again which is all located
in the same single app. And furthermore, Webull even
has paper trading competitions where you can earn and win real prizes from trading with your paper account. So again, if you’re a new stock trader, that’s the real reason I think Webull is definitely worth considering for the paper trading feature. Another great reason to consider Webull as your stock trading app is because they also offer
advanced order types, just like Robinhood and Public. They give you access to market orders, limit orders, stop loss
orders, and stop limit orders. And they also do give you
the ability to practice some of those orders on the paper trading. Now, in terms of getting
started on Webull, Webull does have a $100
minimum requirement to get started trading
stocks on the Webull app.
But again, you can just
deposit your money first and practice with the
paper trading feature before you actually invest
your real first $100. And again, in terms of the
pricing, when it comes to Webull, it’s a 100% commission-free platform, just like Robinhood and Public, meaning there are no
commissions or trading fees to buy or sell stocks, and there are no monthly
account maintenance fees or subscription costs. So let’s briefly discuss
who Webull is ideal for, versus who we will is not as ideal for. For starters guys, I would say Webull is definitely
ideal and worth considering for new stock traders.

Again, because of that
paper trading feature, this really does allow you to get some practice under your belt, practice trading real
stocks with paper money before actually having to
trade with your real funds. In addition, there are no
commissions or trading fees or monthly subscription
costs to use Webull, making it another great
point for new stock traders. Secondly, I would say Webull is even ideal for intermediate and experienced traders who simply want to save on commissions. Because again, with Webull, you get access to those
advanced order types to help you automate your trades, plus you save on commissions
because there are no costs, there are no monthly subscription fees. And thirdly, I would say Webull is definitely ideal for
active stock traders who really want to use all that data, research, analysis and charts to really make more informed
active stock trades.

Now who would I say Webull
may not be as ideal for? Well, I would say firstly, Webull may not be as ideal for those interested in passive investing. If you’re more interested
in passive investing and not having to
actively research stocks, research companies actively
manage your portfolio, you may want to consider one
of the three investing apps I’ll mention right now coming up as an alternative. Secondly, I would say
Webull is not as ideal for those who are less
active in trading stocks. Because Webull’s advanced
charts, research and data are their greatest selling point, it’s also their greatest weakness, especially for new stock
traders and investors, because it can be a little
overwhelming without a doubt. So if you’re not going to
be actively trading stocks and utilizing all that
data to your advantage, you may find more value
in say Robinhood or Public for trading your stocks, which
don’t have all that data, but they’re more user-friendly
and less overwhelming for new stock traders
I would definitely say.

Now if you enjoyed this video on my three best stock trading
apps for new stock traders and you want to see how these apps compare to my three best investing
apps for passive investing, I encourage you to check
out this video right here on my three best investing
apps for passive investing to really help you decide, which is the best stock trading app or investing app or combination of both for you..

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