# MeriTrade vs Penpay

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.

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.

## The numbers

| Metric | MeriTrade | Penpay |
| --- | --- | --- |
| Price | Free | Free |
| Rating | **[4.4 (153 ratings)](https://appshunter.io/ios/app/meritrade/id977562417/reviews)** | — |
| Number of ratings | **153** | — |
| Positive reviews | 41.4% of reviews | — |
| In-app purchases | No | No |
| Ads | No | No |
| Update frequency | **Every 8 days** | Monthly |
| Monetization | Free | — |
| Size | 101 MB | 36 MB |
| Requires iOS | 15.6 | **15.0** |
| Devices | **iPhone, iPad, iPod** | iPhone, iPod |
| Age rating | 4+ | 4+ |
| Developer | [Meristem Securities Limited](https://appshunter.io/developer/977562416) | [Awabah LTD](https://appshunter.io/developer/1649724448) |

## What reviewers say

### MeriTrade

[App page](https://appshunter.io/ios/app/meritrade/id977562417)

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:** macOS Compatibility, Vision Pro support

**In-app purchases:** none


### Penpay

[App page](https://appshunter.io/ios/app/penpay/id6443828027)

**Features:** macOS Compatibility, Vision Pro support

**In-app purchases:** none


## Frequently asked 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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*Compared by [AppsHunter](https://appshunter.io/) from daily US App Store data. Review summaries are generated from verbatim App Store reviews.*