If you are a beginner trying to navigate the world of investing, there are many apps out there to get you started. Thankfully, these apps are easy to navigate, and they are also simple enough to set up an account in minutes. Keep in mind, no one investment app is the same. All have different requirements, so read the small print thoroughly. Here are the ten best-reviewed to get you started:
Merrill Edge – This app is known for its robust research capabilities and free trades. There are no annual contracts or closing fees. The platform fully integrates with Bank of America clients, and the Preferred Rewards program offers many valuable discounts and promotions.
E-Trade – Considered the gold standard of investing, E-Trade offers two dynamic trading platforms. Platforms require no minimum balance. Free streaming market data is available, as well as real-time quotes, stock screening, and account tracking.
TD Ameritrade – This company covers the investing gambit. It is friendly to both beginner investors and more advanced traders. Several formats of investment education are available. The investment minimum is $0, and there are over 300 branches available over the U.S.
Robinhood – This app has a five-star rating due to its cryptocurrency trading. Robinhood is an easy to navigate mobile app. And users don’t have to pay commissions or fees.
Stash – This is a very approachable site for beginners. One of the biggest pluses with Stash is the offering of fractional shares. There is a lot of educational support available.
Acorns – If you want to build a nice nest egg, Acorns has the tools to get you started. The platform has a setting to invest spare change, and you can also get cash back at certain retailers.
Ally Invest – Ally has one of the stronger web-based platforms. Research tools are extremely helpful, and commission-free trades are available on all U.S. stocks.
Fidelity – Fidelity offers $0 fees and no account minimum. EFT, stocks, and trade options are commission-free, and plenty of research tools are available.
Charles Schwab – Three platforms are available. Users will love the research offerings, low fees, and the beginner-friendly approach.
SoFi Active Investing – Sofi offers fractional shares and cryptocurrency trading. There are $0 minimum account and commission-free trades.