The 6 Best apps for Day Trading

Ally Mobile also stands out for its investment services. Ally Invest appeals to both beginner and experienced traders with $0 trading costs on eligible U.S. securities, no account minimum and low-cost options trading. The app offers advanced features such as forex trading, automated portfolio management and a suite of free tools for technical investors. While it lacks physical branches, the app compensates with a strong focus on customer service, offering 24/7 support through various channels. Additionally, Ally Mobile integrates innovative features like bill pay scheduling, custom budget tracking and mobile check deposit, enhancing the banking experience for on-the-go users. 

At number five is SoFi, SoFi caters to young professionals seeking comprehensive financial management. Its app includes tools for monitoring credit scores and detailed financial tracking, offering users a complete view of their financial health. SoFi’s banking services feature a combined Checking and Savings account, providing attractive APYs and perks like early paycheck access and free overdraft coverage. While it offers a broad range of financial products and a effortless experience, the lack of physical branches might not suit those preferring traditional banking. SoFi's blend of technology and financial services makes it a strong contender for those looking to streamline their finances and improve financial literacy. 

E*Trade, taking the fourth spot, is recognized for its accessible mobile app and various financial services, ideal for both novice and experienced traders. The app is highly user-friendly and includes features like price alerts, multiple order types and biometric authentication, though it lacks 2-step authentication for added security. Its efficient search functions enhance the trading experience, allowing easy navigation and trading across a range of financial instruments. 

In addition to trading capabilities, E*Trade offers banking services like a Premium Savings Account with competitive APY and no monthly fees Max Rate Checking Account. It stands out for commission-free trades on stocks, options and ETFs, with options and future contracts having associated fees. Promotional cash bonuses for new accounts, based on the deposit amount, add to its appeal. E*Trade also provides extensive educational resources, managed portfolios and a variety of retirement account options, catering to a diverse range of investor needs.

Ranking third is Fidelity Investments. This app is acclaimed for its user-friendliness, earning a high rating for ease of use. The app provides robust search functions, price alerts and an array of order types such as Market, Limit and Stop orders. It also features essential security measures like two-step authentication and biometric authentication, ensuring a secure and efficient trading experience for users. These features make the Fidelity app a suitable choice for both casual and active traders, offering a streamlined trading experience on mobile devices. 

The Fidelity mobile app also provides access to a broad range of investments, expert insights and tools, aiding users in making informed investing, saving and financial planning decisions. Users can trade US stocks commission-free, track spending, create savings goals and manage bill payments. For those focused on saving and spending, the Fidelity Bloom app encourages mindful money habits and offers cash rewards. The Fidelity Youth app, aimed at teenagers, combines educational aspects with practical financial management. Additionally, the NetBenefits app by Fidelity allows easy management of employer-provided benefits.

The Charles Schwab mobile app, the runner-up, is rated as accessible and offers a variety of essential features for trading and investing. The app includes various order types like Market, Limit, Stop and Stop Limit, along with order terms such as Good 'til canceled (GTC) and Immediate or Cancel (IOC). It supports two-step and biometric authentication, enhancing security for users. However, the app's search functions are rated as mid-range and it does not provide price alerts, which may limit its utility for some users.  

Topping the list at number one is Robinhood. This app has gained immense popularity for its commission-free trades, making it highly attractive for day traders who execute numerous transactions. While Robinhood simplifies the trading process, it's important to note that it's better suited for beginner to intermediate traders. The platform is user-centric, offering instant deposits and the ability to trade fractional shares. One of Robinhood's unique offerings is its cryptocurrency trading options, appealing to traders interested in diversifying their portfolio with digital currencies. However, users should be aware that while Robinhood is free to use, it does have some limitations in terms of advanced trading tools and customer support responsiveness. Despite these limitations, Robinhood's ease of use and commission-free approach make it a top choice for many day traders.