MeriTrade vs Penpay
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
Read full descriptionHide full description
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
Penpay
Read full descriptionHide full description
Penpay offers dedicated support for all types of pension payments. You can do the following on our platform: - Fund your pension account - Fund someone else’s pension account (this could be your staff or even your friend). You can pay on a one-off or recurring basis. You can make payment through the following methods: - USSD - Card (local and international cards are accepted) - Virtual account transfer Etc. All you need is your RSA pin (you can enroll if you do not have one yet).
Screenshots
Verdict
The clearest difference is update cadence: MeriTrade at every 8 days against Penpay's monthly. On price, ads, in-app purchases and device support 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 ships an update every 8 days, Penpay monthly. The most recent releases landed on November 11, 2026 and November 7, 2026 respectively.
| Parameter | MeriTrade | Penpay |
|---|---|---|
| Price | Free | Free |
| Rating | 4.4 (153 ratings) — better | — |
| Positive reviews | 41.4% of reviews | — |
| Number of ratings | 153 — better | — |
| Update frequency | Every 8 days — better | Monthly |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free | — |
| Devices | iPhone, iPad, iPod — better | iPhone, iPod |
| Requires iOS | 15.6 | 15.0 — better |
| Further details — not scored | ||
| Size | 101 MB | 36 MB |
| Age rating | 4+ | 4+ |
| Developer | Meristem Securities Limited | Awabah LTD |
In-app purchases
MeriTrade
No in-app purchases
Penpay
No in-app purchases









