The time spent on mobile apps continues to increase year over year. The importance attributed to mobile apps has increased as people become accustomed to handling many important or everyday tasks, from finance to shopping, from education to growing plants, from the comfort of their homes. And now, we can even invest our money no matter where we are thanks to the growing number of stock investing apps.
Every day, millions of people from all over the world make various kinds of investments to boost their savings. If you’re planning to take your place among them, keep reading. Cause today, we’re going to be talking about the best investment apps for beginners, available on the App Store and Play Store, with their features and ease of use.
We’re starting our best stock investment apps list with US-based E*TRADE that was founded by William A. Porter and Bernard A. Newcomb 38 years ago, in 1982.
Aiming to help simplify investing and trading, whatever your level of experience, the app offers everything you need including investing, banking, trading, research, and more.
It doesn’t ask for commission on online US-listed stock, ETF and options trades. You can also trade mutual funds, transfer your money, pay your bills and deposit checks.
The E*TRADE app provides users with useful quotes, the latest news in the markets, research & various tools, screeners, and more. It also provides the ability to watch live Bloomberg streaming videos. In case you need any help while using E*TRADE, you can easily access customer service and chat with them within the app.
Founded by Jeffrey James Cruttenden and Walter Wemple Cruttenden III in 2012, Acorns is among the best investment apps for beginners, preferred by over 20 million downloads from beginner and professional investors around the world as it’s quite easy to use.
Using the Acorns app, you can invest with automatic Round-Ups and Recurring Investments, save up for your retirement with Acorns Later, create an investment account for you kids with Acorns Early, gain extra money from more than 350 brands that ‘’invest in you when you shop’’ and more.
Forbes: ’’Investing is now made for everyone.’’
Business Insider: “Acorns is my favorite money app, because it makes it simple & cheap to make small investments.”
Also Read: The Best Apps for Productivity
The next investment app for beginners on our list is Robinhood which was founded in 2013 by Baiju Bhatt and Vladimir Tenev. It enables users to invest in stocks, funds, options, and cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).
Used widely by both professionals and beginners, Robinhood allows users to start with just $1 and provides them with useful services and tools to help them easily learn about investing and join the financial market.
You can also set up customized news to learn about the latest developments and keep up with the market.
Also Read: The Best Stock Trading Apps
Thanks to its 70 years of financial experience, Fidelity takes its place among the best stock investment apps in the market.
It allows users to trade, manage their money, deposit their checks, pay their bills and more with its easy-to-use interface. Fidelity is seen by the majority as the best Robinhood alternative in terms of its trading features, offering of investments , and commissions & fees.
Fidelity also provides its investors with the ability to access the latest news about their investments.
Just like E*TRADE, it lets users watch live Bloomberg videos.
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At the end of our beginner investing apps list is SoFi Invest, which has been providing financial services for 9 years. It was founded by Mike Cagney, James Finnigan, Ian Brady and Dan Macklin in 2011, in the USA.
The mobile app SoFi allows users to trade stocks, shares, ETFs and cryptocurrencies including Bitcoin, Litecoin and Ethereum.
It doesn’t require you to pay account fees and commissions for stocks and ETFs. In addition, there aren’t any account minimums to invest in stocks.
SoFi Invest also lets you track & categorize your spendings and view your credit score rating. If you are looking for alternatives to Robinhood as a young investor, SoFi Invest is an investment app you must check out.
Also Read: The 7 Best Mobile Banking Apps