Which Stock Trading App is the Worst?

In an effort to reduce its cost and keep its services affordable, TD Ameritrade recently bought rival brokerage Scottrade and is now being acquired by Charles Schwab, a mega-retailer. In spite of this acquisition, TD Ameritrade has managed to shed some of its commissions on trading clients. Robinhood and similar services also pose competitive threats, but TD Ameritrade remains a popular option for many investors, who use the service’s free or low-cost trading features.

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While the Robinhood app is easy to use, not everyone has a computer science background. Its home screen lists trendy stocks and lets you trade instantly. Although it initially only offered stock trading, Robinhood later added options and margin loans to its offerings. Margin loans are a great way to supersize investment gains and reduce your losses. Regardless of the company you choose, remember that even professional traders don’t have a perfect track record picking stocks.

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