Best Apps For Investing Beginners

Investing is intimidating for those just getting started, but Goldman Sachs wants to help. That’s why the trading giant has created an iOS and Android app to help new investors set up brokerage accounts and establish long-term financial goals. The so-called “robo advisor” is part of Goldman Sachs’ Marcus division, which aims to help people save money or pay down debt with low fees and high interest rates

Best Apps For Investing Beginners

List Of The Best Investment Apps For Beginners
Here is the list of popular investing apps for beginners:

Fidelity
E-Trade
SoFi Invest
TD Ameritrade Investment App
Robinhood
Acorns
Ally
Betterment
M1 Finance
Stash
Merrill Edge
Invstr
Wealthfront
Round
Webull
Comparing Some Of The Top Investing Apps
Tool Name Best for Price (For Trading) Advisor Rating
Fidelity Financial planning tools Free Available 5/5 stars
E-Trade Beginners as well as frequent traders. $0 for stocks
$1 per bond Available 5/5 stars
SoFi Invest Loans on low rates and investing without any fees Free Available 4.7/5 stars
TD Ameritrade Investment App Advanced traders Free ($25 for broker assisted trade) Available 4.7/5 stars
Robinhood Simultaneous trading in stocks and crypto currencies. Free Not available 4.6/5 stars
Detailed reviews of best investment apps:

1) Fidelity

Best for financial planning purposes.

Fidelity

Fidelity is a financial solution for investors, which has come up with simple investing solutions, financial planning tools, gives you trade market news, and much more.

Top Features:

Self-directed and professionally managed accounts
Financial planning tools
Guidance from specialists so that you can pick the right investment
Digital estate planning
Pros:

No minimum balance
No commission on trades
Latest professional insights
Cons:

For U.S. citizens only
Broker assisted trade is relatively costly
Why you want this app: You can trade in fractional shares, get financial planning tools and get specialist guidance with Fidelity.

Ratings:

Android rating: 4.4/5 stars
Android downloads: 1 million+
iOS rating: 4.8/5 stars
Price: Free

Website: Fidelity

Recommended Reading => Explore the Top Freelance Websites in the Market

2) E-Trade

Best for beginners as well as frequent traders.

2.E-Trade

E-Trade is an investing app for beginners, with easy-to-use features for investing, saving, and borrowing.

Top Features:

Market insights
Retirement planning
Broker assisted trades and automated investing
Trade-in mutual funds without any fees
Start with pre-built portfolios
Pros:

No commission on trade
Guide to investing for beginners
Prebuilt portfolios of leading mutual funds and ETFs
Educational resources
4500+ mutual funds with no transaction fee
Cons:

Automated investing requires a minimum balance of $500
Why you want this app: E-Trade can be a good option for a beginner as well as a frequent trader. The free educational resources can help beginners and market insights. Other helpful features can work wonders for both.

Ratings:

Android rating: 4.6/5 stars
Android downloads: 1 million+
iOS rating: 4.6/5 stars
Price: There is no commission on the trade of stocks.

E-Trade- pricing

Website: E-Trade

3) SoFi Invest

Best for those who want loans on low rates and want to invest without any fees

SoFi Invest

SoFi Invest is a one-stop shop for your finances. With SoFi Invest, you can avail of an autonomous investment feature for your spare money, trade-in cryptocurrencies, can apply for a loan, and more, all at absolutely no management fees.

Recommended reading =>> Top Cryptocurrency Tax Software

Top Features:

Allow trade in cryptocurrencies
Grants loans on low-interest rates
An automated investing feature
No fees
Pros:

Investing options for beginners
No fees
Crypto exchanges
Cons:

Less number of options for investing in.
Why you want this app: SoFi Invest has all that you want in an investment app for beginners. It doesn’t charge any fees for investments and has automation features for investing your money and maintaining your portfolio.

Reviews:

Android rating: 4.4/5 stars
Android downloads: 1 million+
iOS rating: 4.8/5 stars
Price: Free

Website: SoFi Invest

4) TD Ameritrade Investment App

Best for advanced traders.

TD Ameritrade Investment App

TD Ameritrade Investment App is an award-winning app, which gives you plenty of investment choices, educational resources, planning tools, and much more.

Top Features:

Lets you set price alerts, explore integrated charts, and more
24/5 trading
Analysis features can calculate the risk involved
Goal-specific planning tools
Pros:

$0 commission on trades
Educational resources
No trade minimum
Cons:

No fractional shares
No crypto exchanges
Why you want this app: TD Ameritrade Investment App is most suitable for advanced traders, due to the availability of plenty of trade options, price alerts, and other features. Educational resources can be helpful for beginners.

Ratings:

Android rating: 3.2/5 stars
Android downloads: 1 million+
iOS rating: 4.5/5 stars
Price: There is no commission on trade. Pay 0.30% annual management fee for a Robo advisor.

TD Ameritrade Investment App price

Website: TD Ameritrade

5) Robinhood

Best for those who want to trade in stocks and cryptocurrencies simultaneously.

Robinhood

Robinhood is an investing app, which provides its services to over 6 million Americans today. You do not need to maintain any minimum account balance with Robinhood.

Top Features:

Start investing with as little as $1
Trade with cryptocurrencies
Lets you access research reports on around 1700 stocks
The app lets you receive your paycheck, pay rent, and much more.
Pros:

Commission free trading
Research reports
No minimum balance required
Crypto exchanges
Cons:

No 401(k) accounts
No access to mutual funds
Why you want this app: Robinhood can be a good choice for those who have a passion for investing, as they can learn about market trends in about 1700 stocks with the help of the Robinhood investing app.

Ratings:

Android rating: 3.9/5 stars
Android downloads: 10 million+
iOS rating: 4.1/5 stars

Best investing apps for beginners reddit

1. Robinhood: Best Stock Trading App for Beginners
   robinhood

Available via desktop, Apple iOS and Google Android.
Sign up here
Robinhood became the first commission-free stock trading app by slashing trading commissions to $0. Others in the industry had no choice but to follow if they wanted to remain relevant to retail investors.

Likewise, many new stock trading mobile app options like Robinhood have cropped up in recent years, many of which feature on this list.

The service offers commission-free stock trading, as well as the ability to make ETF trades, as well as options trading and penny stock investing, commission-free. Robinhood doesn’t support mutual funds on its mobile app or desktop trading platforms.

Robinhood’s stock trading app offers a simple and easy-to-use design. Many have found this useful for placing their trades by not overcomplicated it.

Robinhood brokerage accounts have no account minimum requirements.

Robinhood carries Securities Investor Protection Corporation (SIPC) coverage on all brokerage accounts.

Robinhood | Commission-Free Trades, No Minimums
Robinhood is an investing app famous for its commission-free trades on ETFs, options and cryptocurrency.
It has no account minimums and comes with a free stock upon signing up for the service.
Robinhood | Commission-Free Trades, No Minimums
Learn More

2. Webull: Best Stock Trading App for Intermediate Traders
   webull sign up

Available via desktop, Apple iOS and Google Android.
Sign up here
Webull came into the stock trading world in 2018 when it started challenging Robinhood for market share. This stock trading app offers commission-free stock trading as well as commission-free trades on ETFs, options and cryptocurrencies.

Like most investing apps available, the company provides access to trade on your smartphone, tablet or desktop.

As touched on above, it charges no commissions for the trades because Webull makes money on other actions you take, like Payment for Order Flow (PFOF), margin loans, interest on cash and service fees for their Nasdaq TotalView Level 2 Advances quotes subscription.

Webull also provides you access to several powerful tools you can use for in-depth trading analysis. These low-cost or free services easily make the stock trading app one of the best stock research and analysis apps for conducting technical analysis.

If these account features sound attractive, you’ll also be happy to learn your Webull stock trading app and brokerage account comes with no account minimum you must meet or maintain. Finally, to de-risk your sign up, Webull also runs frequent promotions that give free stocks.

Read more in our Webull review.

Our Self-Directed Investing App Pick
Webull | No Minimums, Free Trades
The Webull app offers free equity, crypto and option trading, advanced reporting and in-depth analysis.
LIMITED TIME OFFER ($27 – $9,605 value): Open an account and deposit at least $5 to receive 5 free stocks ($27-$9,600 value) and make 1 crypto trade to earn $5 of crypto.
Webull | No Minimums, Free Trades
Learn More
Our Review

3. Betterment: Best Investment App for Automation & Tax-Loss Harvesting
   betterment sign up

Available via desktop, Apple iOS and Google Android.
Sign up here
You can use the Betterment robo-advisor platform to buy fractional shares of ETF index funds like the S&P 500 in taxable accounts as well as individual retirement plans.

The service does not allow you to invest in individual stocks but will automatically place deposits into fractional bits of index fund ETFs aligned with your portfolio objectives.

The features of this platform make it one of the best investment apps for beginners, specifically being most suitable to investors looking to diversify instantly as they make contributions to their accounts.

The service charges an all-encompassing 0.25% assets under management fee but can justify this expense in taxable brokerage accounts through its tax-loss harvesting feature.

Lowering your taxable income through their tax-loss harvesting feature is one of the products that justifies the 0.25% AUM fee for holdings in a taxable account.

It works by selling losses to lock in short-term capital losses and lowers your taxable income while taking your proceeds and placing them into a similar investment.

This lowers your taxable income or other capital gains and quickly covers the 0.25% annual AUM fee.

Further, based on your intended financial goal, the company provides investment advice by tailoring your portfolios to accomplish these goals.

Betterment led the way for robo-advisor services and investing apps for beginners, growing from a small business to what now represents a significant book of business.

Using them has become a popular choice for people looking to invest toward specific goals without the need for any investing experience for a reasonable fee.

Our Robo-Advisor Pick
Betterment | Investing Made Better
This app gives you the tools, inspiration and support you need to become a better investor.
Start with as little as $10 and use the top-rated mobile app to optimize your investment portfolio through automated investing and diversification
Customize your risk tolerance and investment goals with guidance available at any time
Nearly 750,000 customers use Betterment to invest
Betterment | Investing Made Better
Learn More

4. Public.com: Best Investing App for Beginners
   public.com sign up

Available via desktop, Apple iOS and Android App on Google Play.
Sign up here
Public.com is a commission-free investment app for beginners that allows stock and ETF trades. The stock market app targets Millennials and Gen-Zers who have attuned their senses to social media and have interest investing in the stock market.

While the company previously followed the lead of apps like Robinhood with monetizing Payment for Order Flow (PFOF), or receiving kickbacks from clearinghouses for routing trades to them, they’ve recently abandoned this practice.

Instead, they now rely on other revenue streams as well as a “tipping” system.

This places this beginner investing app firmly on the side of retail investors and not pledging allegiance to Wall Street clearinghouses.

Why is Public.com the Best Investing App for Beginners?
What Public.com is really about is making investing like an investing social network, where members can own fractional shares of stocks and ETFs, follow popular creators, and share ideas within a community of investors.

What Public.com aims to do above all else is make the stock market an inclusive and educational place, with social features that make it easy to collaborate as you build your confidence as an investor—for free.

For younger investors who want to align their investing with their social preferences, as well as keep good company to socialize and learn from others, Public.com might be the app for you.

For those interested in starting to trade on Public.com, the online broker platform for beginners offers a free $10 signup bonus if you make an initial deposit. Further, you can share your special link with others and gift them free stocks (fractional shares) as well.

If this sounds like an interesting investing app, open an account and make an initial deposit (no account minimum needed to meet, so any amount will do) to see if the app meets your social and investing needs.

Read more in our Public.com investing app review.

Public.com | Commission-Free Themed Investing
Public.com offers zero-commission trading on thousands of stocks and ETFs, available as fractional shares
Uses a social feed where members can share why they believe in certain companies (or don’t) and can post comments on others’ trades
Can invest in curated lists of stocks and ETFs for people to aggregate investments by interest area or values
Public.com | Commission-Free Themed Investing
Learn More
Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See public.com/disclosures/.

5. SoFi Invest: Best Investment App for Beginners
   sofi invest free stocks

Available via desktop, Apple iOS and Android App on Google Play.
Sign up here: (iOS), Android, Desktop
SoFi Invest is a stock market app that allows you to place stock and ETF trades alongside investing in cryptocurrency.

The well-known brand in the personal finance space recently entered into the investing world by offering free trades on stocks, ETFs, cryptos and more. SoFi doesn’t offer options trading nor mutual funds.

The service provides you the ability to trade actively or stand back and let its automated investing tools takeover as a robo-advisor.

Therefore, this stock market app might make a good place to hold your investment accounts because you’ll have options of how to invest money.

The company wants to serve all customers who have an interest in improving their financial situation alongside participating in their other personal finance products like refinanced student loans, money management, credit cards and more.

Conclusion

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