With so many stock apps becoming available, starting out with investing can feel like something of a minefield — which apps should be avoided and what are the best investment apps?
One of the key factors to consider is that almost anyone can create and upload an app onto the internet, and this means that there may be a lot that are anything but beneficial. That being said, there are some excellent, and more importantly, free stock broker apps out there, even for those who are new to investing.
Before deciding on a stock investment app, there are things that you should consider, often the reviews will tell you a lot but looking at the level of customer support, any associated fees or the type of investing app will give you a clearer picture of what you will be working with.
Many of the best stock apps come with a fee attached. But when you have just started investing, you are unlikely to want to part with any of your hard-earned cash until you are steady on your feet. The good news is that there are plenty of online broker apps that will cost you nothing to get started with.
1. Robinhood
The Robinhood app is quickly gaining a reputation as being one of the best commission-free trading apps on the market, which comes as no surprise when you learn that it is also one of the most user-friendly.
Many stock buying apps can be highly confusing to use so the ease of use certainly adds an appeal. What’s more, the app is super secure and offers a variety of features such as price alerts and a detailed search function. You have the ability to complete trades in real-time. Plus, since the app is commission-free, you will be left with more money after your trades.
2. TD Ameritrade
As mentioned earlier, ease of use is one of the most essential components of the best stock trading apps, and the basic version of the TD Ameritrade offers exactly that.
Once you have gotten the hang of the stock market, there is the chance to upgrade to the more sophisticated and in-depth Thinkorswim app by TD Ameritrade. Even more impressive is that there are no fees and no minimum balance requirements meaning that you are free to test the water before getting more serious.
3. Webull
In a recent review of the best stock apps available, Webull came out on top as the best free stock app. That’s not surprising considering that it offers a wealth of features that make entering into investing easier than ever.
The app supports both IRA and brokerage accounts and allows for trading of stocks, options, cryptocurrencies and ETFs. While some types of trade are not permitted, this is still an ideal application for beginners when it comes to avoiding confusion.
4. SoFi
Rated as one of the best apps for those learning about trading, SoFi provides new users with a fee-free experience for trading online or ETFs. There are some small fees for cryptocurrency trading, but fortunately this isn’t an essential component of stock trading.
The app’s clean user interface allows for easy navigation as you wrap your mind around the world of trading. SoFi also offers a broad range of other financial products such as cash management accounts and loans, making it a versatile option.
5. Fidelity
Widely recognized as one of the most superior investment apps for beginners, Fidelity boasts an exceptional range of features and is completely free to get started.
With some great research features, new investors can really get a handle on the market and learn everything they need to know before moving on to higher-level trading.
Once more, user-friendliness is key and the developers have ensured that no matter what level of experience you have in the field, you will easily be able to find your way around and use the app. When you have passed through the beginning phase of your investment career, Fidelity seamlessly carries you through since it can be used by active traders and newbies alike.
6. eToro
Operating on a global scale, eToro is reported to be one of the most pleasant stock apps to use making it the perfect mobile companion for any beginner. In addition to this, you can begin trading both real and ETF stocks completely fee-free which gives this app the edge for getting to grips with trading.
The app also gives you access to cryptocurrency trading with constantly updated information. Plus, you can have access to your portfolio from anywhere, since eToro offers both mobile and desktop apps.
7. Revolut
This app originally launched in the United Kingdom but has recently expanded to the United States. While Revolut U.S. is not strictly a stock investment app, it does allow you to invest in crypto. However, its main benefit is that it gives you international flexibility.
Revolut allows you to spend money in over 150 currencies and gives you access to no-fee ATM withdrawals. It also provides you with information about your spending so you can better manage your money.
Conclusion
When looking at the most popular investing apps for beginners, it is clear to see that there is some great potential with each of them.
If you are looking for the cream of the crop, however, you will find that one app that seems to be mentioned time and time again. TD Ameritrade appears to be the favourite for anyone who is just getting to grips with trading. This is because of its ability to balance simplicity with a powerful set of services. Thanks to the sheer number of investment options, products and services that TD Ameritrade offers, you can rest assured that the app will grow with you as you become a more experienced investor.
That being said, any of the apps above have the potential to make your entrance into the stock market nothing short of smooth and enjoyable. Just be sure to read the fine print and think about your long-term needs when considering the best investment app for you.
By Admin –
