For generations, the US stock market has had a stronghold on the global economy: the world’s largest corporations are listed on Dow Jones, Nasdaq, and the New York Stock Exchange, and it makes up over half of the world’s financial market. It’s no wonder that many investors from all around the world want to cash in on the US stock market.
If you’re based outside of the US but would still like to buy US stocks, here are the best apps offered in different regions.
The Best US Stock Trading Apps for Users in Europe
1. Trading212
Headquartered in London and regulated by the Financial Conduct Authority, Trading212 aims to democratize financial markets with an easy-to-use app. The platform allows users to buy and sell stocks, ETFs, and CFDs on zero commission.
Creating an account on Trading212 is free. However, if you are a seasoned trader and you would like access to more trading features on the platform, you are able to upgrade to a Pro trading account provided that you satisfy the following criteria:
- At least one year of professional experience in the financial sector, in a position that has given you knowledge of CFD trading;
- You hold an investment portfolio of at least EUR/GBP/USD 500,000; and
- You have traded with an average of 10 times in each of the last four quarters on CFD or Forex in significant size with Trading 212 and/or other providers.
Download: Trading212 for Android | iOS (free, in-app purchases available)
2. DEGIRO
As Europe’s fastest-growing stockbroker, DEGIRO is used across 18 countries in Europe and offers a competitive dealing fee for UK and Europe exchanges. For UK shares, there is a cap of £5. For most non-UK shares in European exchanges, there is a fee of €4.00 + 0.05%.
Compared to other online brokers on the list, DEGIRO has more investment options. For those who intend to diversify their portfolio, ETFs, futures, leverage products, bonds, options, and warrants are available on the platform. Users are also able to create five types of accounts depending on their experience: a basic account, active account, trade account, day trader account, and custody account.
Download: DEGIRO for Android | iOS (free, in-app purchases available)
3. eToro
Branding itself as “the world’s leading social trading and investing platform”, eToro was founded in Israel in 2006, but now boasts millions of users in 140 countries. eToro is your one-stop platform with thousands of stocks, ETFs, and CFDs across different industries available for trade. The app also takes zero commission, zero management fees, zero rollover fees, and zero additional broker fees.
If you’d like to make more informed investing decisions, eToro also has a unique function called the CopyTrader where you are able to view what pro traders are investing in in real-time, and directly replicate their moves.
eToro is also the only online broker on this list that offers to trade in the cryptocurrency market, having introduced cryptocurrency trading on the platform since 2017. So, if you’re eager to get your hands on some Bitcoin, Ethereum, or even Cardano, you don’t need to create separate accounts on cryptocurrency exchanges like Binance or Coinbase---eToro is the place to go.
Download: eToro for Android | iOS (free, in-app purchases available)
The Best US Stock Trading Apps for East & Southeast Asia Users
1. Tiger
For users in East Asia as well as Southeast Asia, Tiger is a popular option. The trading platform provides access to users looking to trade equities in not only the US, but also Hong Kong, Singapore, and Australia. There is no minimum balance or deposit required to trade, and users who sign up immediately have access to market data and a selection of stock vouchers.
Instead of five types of accounts like DEGIRO, frequent traders on Tiger will be categorized into three tier levels. Depending on the number of shares that you order, you can be either a Silver Trader, Gold Trader, or Ace Trader.
To bring more traders onto the platform, Tiger also has a promotion where new users can receive free shares from Apple and Xiaomi.
Download: Tiger for Android | iOS (free, in-app purchases available)
2. Moomoo
Moomoo is another trading platform that is taking off in Singapore. The platform not only offers users access to the UK stock market, but also access to the Hong Kong Stock Exchange and A-list shares in China. The range of investments available on Moomoo is relatively limited and may only be of interest to those looking to invest in stocks, ETFs, and options.
However, Moomoo makes up for this with competitive trading fees: all trades on the US stock market are commission-free, and regulatory fees for Hong Kong and China A-list shares are priced from $2 to $3 per order.
Just like Tiger, new users from Singapore are also eligible for free stocks: provided that you deposit a certain amount of money, you are able to score free stocks from Apple, Tesla, or the Bank of America.
Download: Moomoo for Android | iOS (free, in-app purchases available)
The Best US Stock Trading App for Users in Australia and New Zealand
1. Stake
Stake allows users from Australia and New Zealand to buy and sell stocks in the US without having to open a US-based trading account. Stake has thousands of stocks, mutual funds, and ETFs available for you to buy and sell. The app also has a referral program where if you send a referral code to a friend and they download Stake, both of you are eligible to win a free stock from Dropbox, GoPro, or Nike.
In response to popular demand, Stake is also in the process of making the Australian stock exchange available on its platform.
Download: Stake for Android | iOS (free, in-app purchases available)
Buy and Trade in the US Stock Market With These Apps
Given the US’ stronghold on the global economy, it is no surprise that people from all around the world want to trade on the US stock market, and with the apps above, investing in US stocks has never been easier.
If you are ready to start your journey in the world of investing and finance, just hop onto your smartphone’s app store, and in less than an hour, you will have Apple’s or Tesla’s stocks on your fingertips.
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