TD Ameritrade has always set the standard for high-end technology platforms with sleek designs, intuitive navigation, and robust features, all designed with the end user in mind. Its mobile trading app is no different which is why we chose it as the penny stock trading app with the best user experience.
Since 1975, TD Ameritrade has provided customers with cutting-edge technology platforms that deliver the best tools, research, real-time streaming data, and services. Its mobile trading app is no different which is why it is our choice as the best user experience penny stock trading app.
If your biggest concern in choosing a penny stock trading app is the trading costs, then TD Ameritrade may not be for you. You can get by without paying commissions when trading non-OTC stocks. But, if you want to trade publicly traded stocks over the counter, you will pay $ 6.95 per trade. There is no minimum deposit required to open an account.
However, if you are looking for the most comprehensive research tools and analysis software, you can’t beat TD Ameritrade. Depending on your level of experience or your trading frequency, you can choose from a few of their trading apps. The standard TD Ameritrade app is suitable for new investors or those who trade less frequently, while the award-winning thinkorswim premium app is best for advanced or active traders.
Both apps allow you to trade and monitor your stocks with live feeds and charts. While both apps offer a range of research tools, with the thinkorswim app you have access to tools to help you assess the value of a stock company and assess when to buy it. stocks based on price action and volatility.
It should be noted that in 2020 TD Ameritrade merged with Charles Schwab, another leader in the online brokerage industry. While it’s not yet clear what the new trading platform will look like, you can expect it to have the best features and capabilities.
Read our full TD Ameritrade review.