Comparison

MeriTrade vs Penpay

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

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.

Highlights
  • Secure account access
  • Portfolio insights
  • Live stock quotes
  • Trade order placement
  • Fund deposits/withdrawals
  • Biometric authentication
  • Dark mode
Features
Read 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

About

Penpay

Features
Read 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

MeriTrade4 screens
Penpay4 screens

Verdict

The call

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

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

UpkeepUpdate frequency

MeriTrade ships an update every 8 days, Penpay monthly. The most recent releases landed on November 11, 2026 and November 7, 2026 respectively.

Scorecard1 real difference · 9 level
MeriTrade versus Penpay: the parameters behind the verdict, then further details
ParameterMeriTradePenpay
PriceFreeFree
Rating4.4 (153 ratings) — better—
Positive reviews41.4% of reviews—
Number of ratings153 — better—
Update frequencyEvery 8 days — betterMonthly
AdsNoNo
In-app purchasesNoNo
MonetizationFree—
DevicesiPhone, iPad, iPod — betteriPhone, iPod
Requires iOS15.615.0 — better
Further details — not scored
Size101 MB36 MB
Age rating4+4+
DeveloperMeristem Securities LimitedAwabah LTD

In-app purchases

None

MeriTrade

No in-app purchases

None

Penpay

No in-app purchases

Questions

Is MeriTrade free?
MeriTrade is free to download, with no in-app purchases.
Is Penpay free?
Penpay is free to download, with no in-app purchases.
Do MeriTrade or Penpay have ads?
Neither MeriTrade nor Penpay shows ads.
Which is updated more often, MeriTrade or Penpay?
MeriTrade ships an update every 8 days, and Penpay monthly. Most recently, MeriTrade was updated on November 11, 2026 and Penpay on November 7, 2026.

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