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Want in on the GameStop Meme Stock Mayhem? Try These Top Trading Apps

You’ve probably heard more about day trading in the past 72 hours than you’ve ever heard—outside of a rewatch of The Wolf of Wall Street. If you need to catch up quickly, here’s the scoop: Users on the r/wallstreetbets subreddit banded together to purchase shares of long-struggling businesses like GameStop, AMC, and Blackberry, among others. Bolstered by encouragement from the likes of Elon Musk and fellow billionaire tech investor Chamath Palihapitiya, the Redditors used a variety of trading apps and websites to buy shares, driving the price of GameStop stock, for example, from less than $20 on Jan. 1 to $469 on the morning of Jan. 28.

Where Are We Now?

Price of the stocks continues to be extremely volatile, and the stock sites and apps appear to have thrown some cold water on the party, restricting some activity surrounding the hot stocks. As of this morning, Robinhood, TD Ameritrade, and Webull have all taken some action regarding trading and closing on shares of certain stocks targeted by the Reddit users. Robinhood is now facing a class-action lawsuit for blocking GameStop stock purchases. This hasn’t stopped many online traders from rushing to the markets, as users reported morning outages via Down Detector while using Cash App, Charles Schwab, and E*Trade services.

Trade Sensibly, Please

You may be a little late to capitalize on these particular meme stock surges, but check out our list of stock sites and apps you can use to trade in the future. As with anything involving real money, it’s vital that you do your own thorough research and understand how day trading works before getting involved. Some of these sites make it incredibly easy to buy and sell shares, and you could find yourself in over your head faster than you can say “GameStop”.

Editors’ Note: PCMag does not provide financial advice.

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