Best Day Trading Apps 2022

Daniel Penzing
Written by
Last update:

Is it Safe to Use a Stock Trading App?

The stock trading app is the newest online trading software that you can find today in the market. Many traders from all over the world use it in order to be able to trade stocks with a single click. It is also the best platform for people who want to learn the basics of trading stocks or for those that want to become professional traders without having to spend too much time in learning how. However, you have to understand that there are a few things that you have to take into account in order to be sure that you are able to make the most out of these trading apps.

Advantages and Disadvantages

One of the things that you have to be aware of is that you can find really good trading applications in the market. However, you have to understand that none of them is perfect and that not all trading tools are created equal. For example, you have to understand that some applications only allow you to do manual trading and not automatic. But, you have to know that if you want to make serious money, automatic trading is the way to go.

When you want to look for a good app, you have to make sure that you are going to choose one that is compatible with the device that you are using. Most of these trading applications are designed to be compatible with both Apple devices and Android devices.

Best Stock Trading Apps for Day Trading

With the plethora of apps out there, you could be overwhelmed when choosing one to create a day trading portfolio. Instead of reviewing the first app you come across, check out this list of the best stock trading apps available in the market today.

Interactive Brokers

This app is for the investor who prefers to stick to paper trading or share trading, but don’t want to miss out on the app experience, before they plunge into the real-money trading market. Interactive Brokers is the best app for the day trader who likes to carry out his day trading on the go on his smartphone, for all the features that it has.

It allows you to create your portolio, trade using your tablets or smartphones, and place trades through the app to the real stock markets.

Apart from multiple watch lists, you can add news, alerts and quotes, and get an intuitive trading experience. When you listen to your favorite bands while working your way through your day, with tunes on your phone, Interactive Brokers also gives you the option of listening to Financial news, Podcasts, and Stocks prices.


Robinhood is the best app for beginner traders as it offers free stock trading. Robinhood is one of the best stock trading apps for beginners, because of its easy to use interface and simplicity.

Ally Invest

Ally Invest is a leading online stock broker that provides a variety of educational tools and resources for traders. Their focus is on helping investors build wealth and financial security regardless of income or net worth.

Furthermore, they offer exclusive tools and content for new investors and help them build their portfolios. In this section, I'm going to share the information you need to know before opening an account with Ally Invest.

Merrill Edge

The Go-To App for Investing in Stocks: iPhone/Android/Web

If you’re a new stock investor or if you’ve been trading stocks for a while but haven’t come to Merrill Edge, you’re missing out. The brokerage is probably best known for its preferred level of customer service, but Merrill Edge also has options that put it above the competition. The app’s interface is exceptionally clear, and its alerts are comprehensive and easy to follow. If you’re new to trading stocks and don’t know where to start, Merrill Edge is a great read more and trade app to use.

The Go-To App for Options Traders: iPhone/Android/Web

Although Scottrade is known primarily as a traditional stock broker, you can also trade options with the brokerage. The mobile app makes it even easier to stay on top of options trading with its excellent alerts and relevant information. There’s a great sense of timing when it comes to the app’s features, allowing you to easily stay on top of your options trading on the go.


Trading is one of the best profession you can have. There are a lot of people out there who have used this opportunity to earn a lot of money. The best part is that you can do this even from your home. You do not need to be a billionaire to have your own trading account. Your skills in trading can make you the one who is rich.

Investing is more like gambling in spaces, and to be a successful gambler, you must be educated in some ways. You deserve to be informed before you plunge into the field and lose your money. Do not lose money now through gambling, be informed and then play.

Social media has paved a way for young people to connect with people from around the world. As such, trading platforms like TradeStation have also begun to include social media features in it. Features like real-time streaming of financial news and information from Twitter and Facebook. Some people have even used these platforms in order to learn the financial analysis skills which helps them do better in trading. It is also very educative to be able to read the financial statements before you trade. These platforms are useful in teaching you the basics of the stock market and financial analysis.



For those of you looking for something to help you get your feet wet in the world of trading, E*TRADE ETM Trader Pro is a viable free options trading option. The app is available for both iOS and Android. You do, however, need a set-up account with E*TRADE to be able to use it.

The basics of the platform are its strength; it is simple to use and doesn’t overwhelm you with options. You start by selecting which shares you want to buy and then enter your order (limit, market, or stop-limit). You then enter your stop-loss and take-profit orders. Once your order is entered, the app will provide you with buy and sell arrows to help you set your stop and take profit points.

One of the app’s primary features is the real-time streaming quotes and charts. This is great because you are able to monitor the market as it happens and adjust your trading as you see fit. In addition, E*TRADE ETM Trader Pro also has a “Playbook” feature to allow you to review results of previous trades.

Overall, E*TRADE ETM Trader Pro is a great app for those who want to start trading options. If you already have an account with E*TRADE, it is definitely worth a download.

TD Ameritrade

Is a leading financial services company in the U.S.A that provides services for investors. TD Ameritrade is famous for its web based trading platform with support for customers in the United States and Canada. The company also offers a toll free phone support and optional in-person support.

Most of the investors love using TD Ameritrade Trading App.

Let’s talk about the Best TD Ameritrade Trading App 2022. To start with we will take a closer look at the mobile applications provided by the company. The following are the all TD Ameritrade Mobile and Tablet App that you can use.

Charles Schwab

The Charles Schwab Mobile Trading App is one of the best day trading apps around and is available to both individual and institutional investors. Currently, Charles Schwab mobile trading app is available for both iOS and Android mobile devices.

This day trading app enables investors to view stock price quotes, electronic order entries, portfolio summaries, watch lists, margin balances, and to monitor cash balances. The app also allows investors to make deposits and withdrawals from their bank account to their Schwab brokerage account. On the mobile app, investors can trade stocks, options, ETFs, mutual funds and bonds. The app has a beautiful design that is user friendly and intuitive.

On the left hand navigation, there are swipe buttons to move to the news section, watch lists, trading, and portfolio. The news section includes past and present news about your portfolio from your accounts. The portfolio option allows you to view your portfolio. The watch list option enables you to create stocks, options, and ETF watch lists.

Trading enables you to use advanced features to trade your portfolio, such as watch list alerts, order alerts, advanced portfolio alerts, and portfolio text alerts. When using the trading section, you can view your field-level quotes, manage positions, and all available orders.

Interactive Brokers


Interactive Brokers, established in the year 1977, is an American retail brokerage and financial services company. The company is publicly-held and regulated by the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC). Hence, it is an Electronic Communication Network (ECN) and an execution based broker in America.

What to Consider When Choosing a Broker for Day Trading

Day trading is not exactly a hobby that a lot of people take on. It’s a daunting task that takes a lot of time and practice. That’s why for most people, day trading is not an endeavor that they choose to pursue. It’s a job they take on as a way to earn a steady income.

For that reason, it’s important that any broker you choose offers a lot of support and helps you learn how to master the art of day trading. If you’re not ready to learn how to day trade, you should probably ask for help from someone who has been doing it for a while.

Another thing to look at is the rates that your broker offers. Day trading can be expensive. There are commissions to pay over and above the intraday fee. Make sure the broker you choose has rates that suit your needs.

If you’re interested in day trading, you should have the right software to monitor markets for you. When choosing any broker, it’s important to ask if they have the right software that’s supposed to help you trade.

Is It Safe to Use Stock Trading Apps?

You can always do stock trading manually with just pen and paper at your disposal. If you are looking into modern technologies, you will come across trading apps. You can use them to help you save a lot of time on doing research and analyzing data. They can also be a source of essential tools to keep you organized in this area. No, it’s not safe to use them.

The apps need to be trusted 100% before you start using them. You need to be sure that none of your accounts or passwords will be accessed or hacked. The databases should also be encrypted for privacy.

A good secure trading app will require you to fill in some personal details. This is good to see if you registered and if you are over 18. You do not want any app that will allow you to access the market directly.

Any good app will direct you to the markets where you can buy and sell. Some even make it easier to place orders. You need to be sure you can select all exchanges and not just the ones that are included in the app. The trading apps of today must have some of the safety features that are available to the users today.

What Are the Risks of Stock Trading Apps?

If you want to make money in a day without really putting in the work or knowledge, then keep away from the stock trading apps. These programs fight for people’s attention with commercials claiming that they are easy to use with no prior knowledge required.

These could be claims for all kinds of apps, and people are going to fall for the claims. However, with this, they are making a decision not only putting their money into a potential bucket of gold, but also a possible bucket of ashes.

Taking these claims at face value would be a big mistake and could put a person into a position where the resources they have are depleted to a point that they can’t recover.

With certain day trading apps, they may ask for personal information. If there is a con in one setup, they use the same con to ask for personal information. As soon as a person has tapped into their finances, the scammer will take the person’s money.

It is imperative that you do not act on these trading apps. If you are going to day trade, then make sure it is with a reputable broker. Never give your personal information over to just a setup or trading app. There are reputable brokers that will give you access to the market, and a lot of them offer safe-to-trade options for app users.

An app can only do what you put it into.

How Brokers Protect You in the Day- Trading Process

If you have decided to delve into the fascinating process of day trading, you need to make sure you’re working with a good broker. Day traders need to push a lot of stock through the market, so they work with brokers who can provide the tools and resources they need. Brokers are the go-between they use to make your trades and to provide the information about the market and the general conditions that you need to be a successful day trader.There are many components of a broker’s job that you need to understand before you sign on with a firm. Make sure that you know what each of these are and if you’re getting the right information from your broker.

What You Can Do to Protect Yourself When You Trade Stocks Online

It is imperative, most especially these days, that when trading stocks online, investors be well-informed about the risks involved. They have to heed what they hear about the dangers in investing in stocks and social media trading. There are certain aspects that traders need to be aware of. For instance, they should know that trading stocks online is about the stockbroker rather than the person himself. Not all of these stockbrokers are trustworthy and competent enough to give the best advice and handle the people’s money with utmost care. You do not have all the control, which makes you less safe. Trading online stocks is full danger.

There are just a few online stockbrokers that a person can fnd that are absolutely legit, and accredited. This, of course, refers to those brokers that are included in specific lists. The top online stockbrokers are normally provided by government agencies. To be specific, there are brokers that are included in the NYSE, SIPC, FINRA, and the SEC as well. However, keep in mind that the official list of legit brokers is usually very short with only a few brokers. This is important to know as there are some firms that claim to be legitimate brokers but are not. Such firms will usually lack a certificate of endorsement from SEC and/or FINRA.

Excessive and unnecessary data drains your wallet fast.

Whether it is due to third-party trackers, analytics programs, or widgets, your desktop and mobile screens are littered with a huge number of buttons and options.

A majority of the time, these buttons are not required for you to do your online trading.

Taking preventive measures can be time-consuming, but is easy if you follow the correct guidelines.

The most important way to prevent unwanted data drain is by using a virtual private network (VPN) service such as NordVPN.

This lightweight, state-of-the-art online tool can help you protect yourself from all sorts of data-drain-related risks.

It is important to be clear about the difference between a secure VPN and a proxy server.

While a VPN uses an encrypted channel to connect your browser to a distant server, a proxy server is an open network that is never encrypted.

A secure VPN service can be used to drill a tunnel that will help you hide all the information that you are sharing with a third-party with ease.

You can simply switch to VPN mode in order to direct all of your activities through a more secure channel.

This will help you avoid slow performance in the process.

It is vital to keep the software smooth and responsive in order to gain the most out of your trading activities.

A Word of Caution About Day Trading

Before you rush out and spend your entire life savings on a stock, you should know the risks involved.

Day trading is risky because you never buy stocks with the intention of holding them for the long term. Day traders buy stocks for short-term investment, and they ride the stock for a few hours or a few days hoping to make a quick return.

But the stock market is volatile, and it’s possible that your intended investment will drop before you are able to sell it. Because of this, day trading is best suited for seasoned traders and individuals that have a large sum of money to put at risk.

If you’re trading on margin (buying on credit) or day trading with money that you can’t afford to lose, you’re putting yourself in a bad situation. Worst of all, if you don’t have money to cover your losses, you may need to sell other stocks or assets to make up the difference.

Do not day trade with money you can’t afford to lose. And if you do trade, be sure to check with the financial authorities or the broker that you’re working with about the specific risks involved.