When it comes to investing in stocks and profiting from your investment portfolio, the importance of stock investment software cannot be overemphasized. Whether you are looking to place short-term trades or make outright long-term investments, you’ll need a software solution that cares about you. You want a platform that gives you the best leverage that allows you to take calculated risks while still having lots of potentials to thrive. You want a software solution that charges low fees and commissions, too.

There are lots of stock investment software solutions in the market today that it is so easy to get confused and overwhelmed. In this post, we review some of the best stock investment software in the market, so you can go through our list, weigh up your options, and then make a well-informed buying decision. Here are the ones that make our list:

6 Best Stock Investment Software

  1. Merrill Edge – Best Stock Investment Software for Customer Experience
  2. Fidelity – Best Stock Investment Software for Beginners
  3. TradeZero – Best Stock Investment Software for Scalping
  4. TD Ameritrade – Best Stock Investment Software for In-depth Education
  5. MetaStock – Best Stock Investment Software for Technical Analysis and Forecasting
  6. Benzinga – Best Stock Investment Software for Real-time News Trading

1. Merrill Edge – Best Stock Investment Software for Customer Experience

PRICING: $0 per trade

Merrill Edge is a comprehensive financial hub with lots of credibility. The software solution allows users to trade and invest in various portfolios including stocks, options, and more. It is a subsidiary of Bank of America, which explains why it is loved and trusted by millions of individuals and businesses. The goal of Merrill Edge is to give you a platform and all the tools you need to invest and manage your finances on your terms. Whether you are looking to do short-term stock trading or make outright long-term investments, Merrill Edge has the resources and tools to help you achieve your financial objectives.

Merrill Edge first launched in 2010 and it has been serving investors since then, with lots of success stories and rave reviews to show. The platform makes it easy for investors to coordinate all their banking brokerage needs from a single interface.

KEY FEATURES

  • Stock trading
  • Corporate bonds
  • Flexible order types
  • Advanced trading technology
  • Stock loan program
  • Portfolio margining
  • Account & research amenities
  • Cash management

REASONS TO BUY

  • Zero fees
  • Bank of America integration

REASON TO AVOID

  • The product line is a bit narrow

2. Fidelity – Best Stock Investment Software for Beginners

PRICING: $0 per trade

If you are in search of an easy-to-use stock investment software solution and platform for all your brokerage needs, Fidelity Investments is a great option for you to try. The company was started in 1946 and affirmed its online presence and operations in 1995. With over 20 years in the business of providing online brokerage services and opportunities to investors and businesses, Fidelity Investments has earned a reputation as one of the major players when it comes to equity trading and investment. The platform boasts interesting features and tools to help you become a more informed investor.

With the tools available on the platform, you can analyze stocks with great prospects and potential and you can then make place timely and real-time buy and sell orders. Fidelity Investments allows investors to trade at zero commissions and it has a support system that you can always rely on.

KEY FEATURES

  • Cash management
  • Account positions
  • Stocks and trading
  • Mutual funds
  • Direct indexing
  • Retirement & IRAs
  • Sustainable investing
  • Wealth management

REASONS TO BUY

  • Amazing educational resources
  • Excellent trade executions

REASON TO AVOID

  • Brokerage-assisted trading fees are high

3. TradeZero – Best Stock Investment Software for Scalping

PRICING: $0 per trade

If you are an experienced stock trader and interested in scalping and taking profits on the go, TradeZero may be the perfect fit for your trading objectives. This stock trading software solution is great for experienced short-term day traders. Aside from allowing users to place zero percent commission trades, the platform also offers interesting functionalities such as providing high day-trading leverage, free limit orders, excellent customer support, and more. TradeZero has a mobile app that allows users to execute a trade on the go. This alone is a great plus because day traders won’t have to miss out on important trading opportunities just because they are away from their computers.

TradeZero users can get up to 6:1 leverage for their intraday trading. The platform has a monthly subscription plan starting at $59. Whether you are a beginner or an expert trader, TradeZero has got the resources to help you succeed.

KEY FEATURES

  • Trading form charts
  • Backtesting
  • Auto trend lines
  • 2-click trading
  • Stock screener
  • Analyst on demand
  • Drawing tools
  • Pattern tools

REASONS TO BUY

  • No hidden fees
  • Low minimum requirements for day trading

REASON TO AVOID

  • No customer support during weekends

4. TD Ameritrade – Best Stock Investment Software for In-depth Education

PRICING: $0 per trade

If you are looking for a stock investment platform that takes you by the hand and shows you all you need to know about the ins and outs of financial trading and investing, then TD Ameritrade is the platform you want to go with. The platform is perfect for newbie investors and traders still cutting their teeth in the world of investing. The goal of the platform is to ensure investors can make decent returns on their investment portfolio while still learning the ropes. Aside from the comprehensive educational resources, TD Ameritrade also offers zero percent commission on each trade users enter.

KEY FEATURES

  • ETF and mutual fund screeners
  • Fixed income screeners
  • Portfolio margin
  • Trading idea generator
  • Calculators and tools
  • Charting tools
  • Cash management

REASONS TO BUY

  • Comprehensive educational resources for newbies
  • Easy-to-use web and mobile app interface

REASON TO AVOID

  • Doesn’t offer fractional shares

5. MetaStock – Best Stock Investment Software for Technical Analysis and Forecasting

PRICING: starts at $59/month

MetaStock is a robust stock investment software solution that walks the walk and talks the talk. With several excellence and performance awards to its name, this platform is arguably the best option for those who would love to do comprehensive forecasting and carry out technical analysis. One area, where MetaStock towers above its competitors, is in the area of charting and analysis tools.

KEY FEATURES

  • Stock analysis
  • Advanced charting tools
  • Stock screener
  • Pattern tools
  • Drawing tools
  • Auto trend lines
  • 2-click trading

REASONS TO BUY

  • Excellent customer support
  • Accurate charts and indicators

REASON TO AVOID

  • Requires a bit of a learning curve

6. Benzinga – Best Stock Investment Software for Real-time News Trading

PRICING: $0 per trade

Benzinga is a popular stock investment platform that allows investors to get accurate equity news in real-time. The platform was founded in 2010 and currently has more than 16 million active users worldwide. Aside from being a hub that aggregates news and events about stocks and other commodities, it also offers loads of interesting features that are sure to help you improve your financial decision-making skills. Its chart features are top-notch and give accurate insights into past, current, and future trends.

KEY FEATURES

  • Top movers list
  • Real-time news feed
  • Watchlist feature
  • Event calendar
  • Chart room
  • Comprehensive analysis window

REASONS TO BUY

  • Real-time news for investors and traders
  • Customizable newsfeed

REASON TO AVOID

  • The basic version is too limited for serious investors

References and Links

  • https://www.investopedia.com/articles/active-trading/121014/best-technical-analysis-trading-software.asp
  • https://www.stockbrokers.com/guides/beginner-investors
  • https://daytradingz.com/best-stock-analysis-software/
  • https://tokenist.com/investing/best-stock-analysis-software/
  • https://youngandtheinvested.com/best-stock-trading-software-platforms-for-beginners/
  • https://www.businessinsider.com/personal-finance/best-stock-trading-apps?r=US&IR=T