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Robinhood

Best for: Millennials

This app is a favorite among millennials wanting to practice trading with small budgets. It is free to use with no commission fees.

Features include:

  • Real-time market data
  • Various investment options
  • Zero balance requirement to open an account
  • Instant access to deposited cash

While it does make trading accessible, the app lacks research and educational resources.

It is a straightforward app with limited portfolio analysis and customer service, but it does meet a trader’s basic needs.

Robinhood is currently only available to traders in the US. Its UK launch was delayed in 2020 and there are no plans for a UK app currently.

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CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.