If you are a newbie in the investment world, the best investment apps should offer low fees and access to the types of accounts and investments products you are interested in.
The best investment apps for beginners are easy-to use platforms with simple trading, helpful tools, personalized portfolios, and commission-free trades on assets such as stocks or even ETFs. Investments apps basically meant for beginners mostly take an education-forward approach, providing users with exclusive learning tools like Webinars, online classes and blog post.
Investing apps provides beginners with a lot that they will probably appreciate, as a beginner you can enjoy offers like trading, portfolio management services and educational resources. In this article, you will find some of the best investing apps for beginners.
Table of Contents
What is an Investing App?
An investing app is a mobile or web application that allows users to buy, sell, and manage investments such as stocks, bonds, mutual funds, ETFs, and cryptocurrencies. These apps are designed to make investing accessible, convenient, and often more affordable than traditional brokerage services.
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Best Investing Apps For Beginners
If you are still new in the investment field, then below are some investment apps which you can get started with as a beginner.
Charles Schwab
Charles Schwab is actually one of the best online brokers and its app has a lot to offer beginners. You will have access to low cost trading along with great research and educational resources that new investors will find useful. More to that, Charles Schwab has a quick and friendly customer support to help you solve any of your issues.
The main features of this account include:
- Commission-free trades on stocks and ETFs.
- Top-notch customer service.
- Fractional Shares.
- More than 4,000 no-transaction fee mutual funds.
Robinhood
Robinhood erupted onto the scene via its well known mobile app, which offers commission free trades on stocks, ETFs, options and Crypto. The platform is easy to use and is popular with beginners who are often starting with small amounts.
The Main features of this account are as follows:
- Commission free trades on stocks, ETFs, options and Crypto
- Easy to use App interface.
- Stock research pages provide key metrics.
- Trade orders are simple to place.
Webull
Here comes another mobile app that offers several features investors will really appreciate. There are no commissions on stock, ETF or option trades, and you can open an account with no minimum deposit. More to that, Webull also recently added futures to its offering and crypto fans are able to trade their favorite coins through a separate app called Webull Pay.
Main Features:
- Commissions Free Trades
- Overnight trading on more than 500 stocks and ETFs.
- Competitive Cash account.
- Advanced charting tools.
Fidelity Investments:
This investment platform has one of the best financial platforms around and can process just about anything a typical investor is searching for. Here, you have accessed to low cost trading, various retirement accounts, thousand of no-transaction-fee mutual funds and access to a robot advisor, among several other features.
Fidelity stands as an amazing choice for investors wanting to keep most of their financial life with the same firm.
Main Features:
- No Commissions On stock and ETF trades.
- Many different types of accounts available.
- Research and education on ETFs and mutual funds and several other finance topics.
- Customer supports is among the industry's best.
Betterment
Betterment can be referred to as one of the best robot advisors and is a good fit for investors who want an investment portfolio to be managed automatically. This app actually helps you build a portfolio based on your goals and risk tolerance using ETFs. Though there is an annual management fee, it is less than what you had pay for traditional financial advisor.
- Main Features
- Low Cost Portfolio management
- Tax-loss harvesting
- Access to human advisors at premium tier
- Cash management account.
Closing Remark: Deciding On Which Investment App is Right for you
When trying to figure out which investment app is best for you, you will want to thing about your primary needs when it comes to investing. Are you looking to trade stocks and ETFs on your own or do you need help building a portfolio?
If you are the type of investor looking forward to regularly, then you need to pay attention to cost and which securities are available in a given app.