The Best Investment Apps for Newbies
Investment best investment apps let you make trades anywhere, and many of them offer educational resources. If you’re a newbie, you should also check for an app with good customer service options, which may include live chat or phone support that aligns with your schedule.
E*Trade is another option for beginners because it doesn’t charge fees and doesn’t require a minimum account balance. It’s part of the Morgan Stanley family and offers a variety of tools, research and market insights. It also provides a dedicated section of the mobile experience devoted to education that includes news and podcasts.
Robinhood: Known for its user-friendly interface and commission-free trading of stocks, ETFs, options, and cryptocurrencies
TD Ameritrade is another well-rounded investing app that allows you to choose from a variety of account types, asset options and trading tools. Its robust research features are particularly useful for advanced investors, and it also has one of the most comprehensive educational experiences in the form of videos, articles, tutorials and webinars.
Charles Schwab is another app that lets you choose from a wide range of assets and trading options, including commission-free stock, ETF and mutual fund trades. Its mobile experience is designed with the user in mind and is easy to navigate.
M1 Finance is another investment app that’s geared toward millennials and minors with no deposit minimums and intuitive design. It offers an automated savings feature called “Round-Ups” that rounds up purchases on your linked debit or credit cards to the nearest dollar and invests those extra dimes. It’s a great way to get started and can help you build your wealth over time.