MeriTrade vs PenSmart
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
MeriTrade
Manage your investments on the go with this secure trading platform. Access real-time market data, track your portfolio, and execute trades directly from your mobile device. Fund your account and make withdrawals with ease.
- Secure account access
- Portfolio insights
- Live stock quotes
- Trade order placement
- Fund deposits/withdrawals
- Biometric authentication
- Dark mode
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MeriTrade Mobile App gives you the freedom to stay connected to your investment portfolio anytime, anywhere. Powered by Meristem Stockbrokers Limited, the app provides investors with a secure and convenient platform to trade directly from their mobile devices. With MeriTrade, you get seamless, on-the-go access to equity trading, live stock quotes, real-time balances and portfolio positions, as well as easy account funding and withdrawals — all in one place. Key Features • Secure access to your Meritrade account • Comprehensive portfolio insights • Market overview and stock price tracking • Seamless trade order placement • Inter-member transfers • Easy fund deposits and withdrawals • Fingerprint (biometric) authentication • Dark mode support for comfortable viewing
PenSmart
This app provides pension fund administration services in Nigeria. It is licensed to manage pensions and disburse retirement benefits according to the Pension Reform Act 2014, aiming to offer clients hope for a secure financial future.
- Pension fund administration
- Retirement benefit payments
- Compliance with Pension Reform Act 2014
- Financial future planning
- Client-focused services
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NLPC Pensions (NLPC PFA) is the home of tested, trusted and effective pension fund administration in Nigeria. Licensed to administer pensions and pay retirement benefits in accordance with the Pension Reform Act 2014, we delight our clients by creating hope for a better and brighter tomorrow.
Screenshots
Verdict
The clearest difference is rating: MeriTrade at 4.4 against PenSmart's 3.0. MeriTrade also leads on ratings volume (145 vs 1) and update cadence (every 8 days vs every 5 weeks). PenSmart's advantage is iOS requirement (12.0 vs 15.6). On price, ads, in-app purchases and monetization model there is nothing between them.
Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
MeriTrade holds the better App Store score, 4.4 against 3.0. That said, the two scores are not equally well evidenced: MeriTrade has 145 ratings behind it against 1, so its average is the more settled of the two.
MeriTrade ships an update every 8 days, PenSmart every 5 weeks. The most recent releases landed on October 23, 2026 and October 7, 2026 respectively.
| Parameter | MeriTrade | PenSmart |
|---|---|---|
| Price | Free | Free |
| Rating | 4.4 (145 ratings) — better | 3.0 (1 ratings) |
| Positive reviews | 39.3% of reviews | — |
| Number of ratings | 145 — better | 1 |
| Update frequency | Every 8 days — better | Every 5 weeks |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free | Free |
| Devices | iPhone, iPad, iPod | iPhone, iPad, iPod |
| Requires iOS | 15.6 | 12.0 — better |
| Further details — not scored | ||
| Size | 101 MB | 38 MB |
| Age rating | 4+ | 4+ |
| Developer | Meristem Securities Limited | NLPC PFA |
Customer experience
MeriTrade
PenSmart
In-app purchases
MeriTrade
No in-app purchases
PenSmart
No in-app purchases
