Stock Investing Apps For Beginners

Webull Popular Investment App For Trading Us Stocks

Webull offers a popular investment app for both iOS and Android users. The app is free to download and it takes just minutes to register a new account. After getting verified, Webull then allows its users to deposit funds with ACH or a domestic bank wire. Its best to opt for the latter which is free.

Otherwise, when opting for a domestic bank wire, Webull will charge an $8 transaction fee. There is no minimum deposit requirement stipulated by Webull on standard trading accounts. Webull is perhaps the best investment app for those looking to buy and sell US-listed stocks.

Across thousands of companies listed on the NYSE and NASDAQ, Webull users can trade stocks at 0% commission. The minimum stock trade requirement is just $5, so diversification is simple and cost-effective. Those looking to invest in stocks listed overseas will be disappointed, as Webull only supports a few hundred ADRs.

Webull, does, however, support stock trading options on its investment app. This allows users to gain exposure to US-listed stocks without needing to outlay the full capital requirement. Thus, this is an indirect way to obtain leverage. With that said, the Webull investment app also offers margin trading accounts to eligible users which requires a minimum balance of $2,000.

Your capital is at risk

Are Free Trading Apps Safe

Trading apps are safe as long as the brokerage is a member of the SIPC and registered with the SEC.

The Securities Investor Protection Corporation insures your investments up to $500,000 per account type, should the brokerage fail. The SEC is a government agency that regulates the U.S. stock market and protects investors from misconduct.

In addition, most brokerages are members of FINRA. This is a regulatory authority that makes sure the broker-dealer is operating fairly and honestly. By visiting BrokerCheck, investors can conduct research on the professional backgrounds of brokers, brokerages, investment adviser firms, and advisers.

In addition to these regulatory measures, also make sure the brokerage has security measures such as 256-bit AES encryption.

Acorns Best Stock Trading Platform For Cashbacks On Purchases

Overall Rating:

Acorns is a new generation stock trading app that leverages heavily on the cashback system. The US-based stock trading app allows users to round up their purchases on their credit or debit cards then put the balance into the stock trading app for easy investment. It is uniquely ideal for those who are looking to streamline their investing process.

Assets: Acorns operates like a savings platform and can be useful if you need a nudge in saving for retirement. Acorns major asset is its robo-advisor tech that enables users to round up their purchases while investing the balance in their investment account. These funds are then spread across ESG ETF portfolios.

Fees: Acorns has been often criticised for its flat-fee structure. After a $10 signup bonus, you will be charged $3 for a personal account that includes an IRA and a checking account. You will have to pay $5 monthly for all of the personal account features, inclusive of your kids for the family option. Other fees include the investment expense ratios, which is pegged between 0.05% to 0.18%.

If you want to transfer your account to another broker, you will be taxed $50 per ETF transferred to a secondary provider.

Features: Acorns is a robo-advisor investment app which means there is no human advisor support on tap. Aside from this, the investment broker offers five major savings and investment plans. These include the Acorns Invest, Later, Spend, Found Money and Early.

Don’t Miss: How Do You Make Money Investing In Cryptocurrency

Acorns Invest Spare Change

One of the best investing apps for iOS and Android, Acorns allows you to get going in just minutes without any hassle. This mobile app is loved by investors like Blackrock, PayPal, Dwayne Johnson, CNBC, Jennifer Lopez, Steve Harvey, and Ashton Kutcher.

Essential Features of This Investment Mobile App

-> Easy IRA options allow you to invest for your future using this investing mobile application.

-> UTMA / UGMA investment account for kids allows you to save for kids using this mobile app for investment.

-> More than 12,000 brands are available to be invested in for this iPhone and Android mobile application.

Available Platforms To Download:Android and iOS

App Downloading Cost: Free

App Store Rating: 4.8

Are Investment Apps Safe

Investment apps tend to be very safe. They will normally require passwords, PINs as well as biometric identification making it hard for someone to access them even if you lose your phone of its stolen.

But some of them will allow you to do without the biometric security. If youre only protecting access with a password or PIN, dont write it down anywhere, and use a secure password that cant be guessed.

If your phone is stolen, let your investment platform know right away and login on another device to change your passwords.

Don’t Miss: Invest In International Stock Market

How To Choose A Stock Trading App As A Beginner

No broker is perfect for everyone, but some brokers are better aimed at beginners.

Here are some of the factors to consider when you pick an online stock broker:

• Cost structure: Do they charge monthly fees or commissions on trades?
• Account minimums: Note the minimum deposit needed to open your account. For some brokerages, there’s no minimum, but some might be as high as $500.
• Variety of funds: As a beginner, you might not want to choose individual stocks. Look for brokerages that invest in no-fee mutual funds or exchange-traded funds so you can invest without being a stock market expert.
• Features and support: If you want to grow your investing knowledge and skills over time, look for an app that includes educational resources and strong customer support.

The Key Is To Find The Best Trading App For You

The key is to find the best trading app for you. A good app should be easy to use, easy to understand, and easy to navigate. Its also essential that the app is intuitive enough that a beginner can learn how it works without having any previous experience with trading apps or stocks at all.

The top picks below are all user-friendly and have been tested on both Android and iOS devices. Theyve been selected based on their popularity among our readership as well as their reputation within the industry for providing traders with powerful tools for investing in India or abroad.

Its worth noting that most of these apps are free however, there may be some costs associated with certain features which vary from one platform provider/app developer/platform provider combination over another depending upon whether they charge monthly fees or transaction fees for using their services or not respectively so make sure you read through all terms & conditions before signing up!

Read Also: Financing Down Payment Investment Property

Why Public Made Our List:

When you’re a beginner in the stock market, it can feel intimidating to research and choose stocks and other investments on your own. Public combines features from social networks like Facebook and Twitter with traditional brokerage features. That makes for an investment app ideal for beginners learning their way around the markets.

With fractional shares starting at $5, you can also buy into a huge number of supported companies without putting up enough cash for a full share. While it doesn’t offer every popular type of investment, it covers stocks and ETFs in a way that’s great for newer investors or even experienced investors looking to improve their investment strategy.

Are Stock Trading Apps Safe

Its estimated that over 150 million users will entrust their trading activity to investing apps like Merrill Edge, Robinhood, and ETrade this year. But there are hundreds of apps on the market. Are these apps safe to use?

In 2018, cybersecurity analyst Alexandro Hernandez found software vulnerabilities in 79 out of 100 apps he tested largely Fintech startups. In 2019, ImmuniWeb analysts found similar issues in 100 Fintech startup apps they tested. Faults included no encryption for storage and transmitting data, which means any unauthorized user could read it after a breach. Some also didnt perform SSL certificate validation a measure taken to prevent man-in-the-middle attacks.

If cybercriminals steal sensitive data stored on investment platforms, they can commit identity theft or credit card fraud by applying for loans or credit cardsin your name. If an unauthorized person gains access to your investment account, they can even clean out life savings, long-term investments, and retirement funds.

Any company in the finance industry should have a strict cybersecurity policy. This is why you want a stock trading and investing platform that takes cybersecurity seriously and, preferably, has a long history in the industry. Whether youre sinking your life savings into investments or setting up retirement accounts, your funds and securities need total protection.

Recommended Reading: Best Real Estate Investment Sites

Best Savings Account App: Eq Bank

EQ Bank is known to offer one of the highest savings interest rates in Canada. And, their mobile app is no less stellar.

An EQ Bank Savings Account provides access to:

• 1.25%* interest rate
• $0 monthly fees
• Free and unlimited bill payments
• Free Interac e-Transfers
• Facial recognition and fingerprint authentication

The EQ Bank savings app has a 4.6/5 rating on the App Store.

• Available in: Canada
• Best for: High-interest savings accounts

Fees: No monthly account or transaction fees .

Security: Your funds are protected by the Canada Deposit Insurance Corporation up to $100,000.

Fidelity Trusted Investment App With $1 Minimum Stock Trade

Fidelity is one of the most trusted investment apps in the market. This provider can be accessed via a free iOS and Android app that connects to the users main account. The Fidelity investment app comes packed with useful tools and features.

This includes the ability to set custom pricing alerts on any asset. For instance, if the user wishes to be notified when Tesla stock hits $700, a notification will pop up on the respective smartphone. We also like the Fidelity investment app for its fractional stock trading tool. This enables users to trade stocks at a minimum stake of just $1.

This can come in handy for those on a budget that wish to invest in expensive stocks like Google or Berkshire Hathaway. The Fidelity app also offers access to a huge number of funds and ETFs. There is also the option of trading futures, as well as fixed-rate bonds. The Fidelity investment app is also great for performing technical analysis on the move.

• High-level research tools are best suited for experienced traders
• Financial planning accounts come with high minimums

You May Like: Mercy Corps Community Investment Trust

Best Overall Investment App: Wealthsimple Invest

Managing your own investment portfolio can be a tricky endeavour and you will need to be comfortable with picking stocks/ETFs and rebalancing your portfolio when its allocations go off-track.

Wealthsimple Invest offers a practical and economical middle-ground between doing all the work and paying high fees .

They offer personalized and diversified low-cost ETF portfolios that are automatically rebalanced as needed.

This hassle-free service also includes free financial advice, tax-loss harvesting, dividend re-investing, CIPF protection, automatic deposits, and low fees.

You can open an RRSP, TFSA, RRIF, RESP personal, joint, and business taxable investment accounts.

The Wealthsimple Invest app and web interface caters to basically everyone and has features including:

• Spare change investing

Over 1 million people use Wealthsimple products. Learn more in this Wealthsimple review.

• Available in: Canada and the United States
• Account minimum: $1
• App rating: 4.5/5 from more than 4K reviews on the App Store
• Best for: Overall best investment app in Canada

Fees: 0.40% to 0.50% per year.

Security: CIPF protection against insolvency up to $1 million offers bank-level encryption, and 2FA protection.

Promotion: Our readers get a $75 cash bonus when they open an account and deposit at least $500.

Where Can I Learn More About Investing

Investing is an important part of personal finance, but itâs often overlooked. To learn more consider exploring a stock market course, or reading an investment book. You could also consider using an investing simulator. Members of Crux Investor also have access to a large library of educational content.

Read Also: Private Real Estate Investment Company

Webull Popular Us Stock App With Zero Commission

Overall Rating:

Webull is a relatively new stock app launched in 2017 that has quickly become one of the most popular stock trading apps on the market.

Assets: Webull offers users the chance to invest in thousands of stocks from around the globe. So whether you want to invest in top US stocks like and Netflix or stocks from Europe or Asia, Webull has got you covered. As well as stocks, Webull offers ETFs, options and ADRs.

Fees: Webulls main selling point is that it allows you to invest in stocks, ETFs and options with zero commission, so its one of the cheapest stock trading apps on the market! Webull doesnt even charge contract fees for options!

Features: Webull doesnt offer the same innovative features as platforms like eToro, though there are some nice aspects and useful tools. For example, it offers extended hours trading, so you can trade pre-market and after hours. There are also some useful analysis tools, including charting, technical indicators and premier Level 2 Advance to help you make informed trades and investments.

Usability: Webull is a really well designed platform thats incredibly easy to use on your smartphone. Everythings well laid out and the app is very beginner-friendly while also being suitable for advanced traders.

Your capital is at risk.

Webull: Best For Active Traders

Just established in 2017, Webull is already one of the most popular trading apps and Robinhood’s biggest competitor. You can trade stocks, ETFs, options, and cryptos commission-free.

Open a Webull brokerage account and get two free stocks, each valued between $3-$300

Webull has several features that sets it apart:

• Extended trading hours from 4am – 8pm
• Paper trading account with $1,000,000 in fake money
• Free margin account with $2,000 minimum
• Perform up to 3 day trades in a 5-trading day period
• 50 technical indicators and 12 charting tools
• Supports short selling
• Offers fractional shares

Compared to Robinhood, Webull offers more advanced research and technical analysis. It also supports IRAs. Webull is a good choice for both more serious investors and beginners who want a platform they can grow with.

Webull Pros and Cons

Works on:iPhone, Android

Free trading apps can save you a lot of money. But they may not be truly free. Stick around to the end for hidden costs to watch out for.

Recommended Reading: Fisher Investments 15 Minute Retirement Plan

E*trade: Best Investment Selections

E*TRADE was one of the first online trading brokers publicly available. Today, the broker offers 2 mobile apps for Apple and Android devices.

The E*TRADE Mobile App is ideal for beginners and casual traders to trade stocks, ETFs, and options commission-free. The Power E*TRADE app allows for more complex options and futures trading.

A unique offering is the pre-built portfolios designed by E*TRADE financial advisors. These are made up of leading mutual funds or ETFs, giving you a fast, simple way to diversify.

Watch out for miscellaneous fees

Some highlights of the E*TRADE app are:

• Easy navigation

Works on:iPhone, Android

Ellevest: Investing For Women

Ellevest, as you might guess from the name, is one of the best investing apps for women and was built around research on female investors. This robo-adviser tries to account for the gender pay gap and the likelihood of women living longer than men in designing portfolios, although male investors can and do use it too.

Ellevests basic plan costs $1 per month there are also Ellevest Plus at $5 per month and Ellevest Executive at $9 per month. The higher tiers include support for 401 rollovers and transfers, larger discounts on financial planning and career coaching services, and a wider variety of goal-setting options.

There is no minimum balance for the basic plan. The funds it uses carry fees ranging from 0.05% to 0.19%.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

Don’t Miss: Socially Conscious Investing Mutual Funds

Simpel Beleggen Met Etfs

Bij DEGIRO kunt u beleggen in Exchange Traded Funds . Dit zijn samengestelde mandjes met effecten, die, net als aandelen, met één order op een beurs kunnen worden gekocht en verkocht. Een ETF volgt onderliggende producten. Dit kan van alles zijn, van de prijs van een grote en diverse verzameling aandelen of effecten tot een individuele grondstof. Met een Wereld-ETF kunt u bijvoorbeeld met één eenvoudige order beleggen in duizenden onderliggende bedrijven over de hele wereld, verdeeld over regio’s en sectoren. Dit zorgt voor eenvoudige spreiding. Commissiekosten voor de meest populaire ETF’s zijn van het huis. Valuta- en externe product- en spreadkosten kunnen van toepassing zijn. U vindt de voorwaarden en de lijst hier.

M1 Finance Best Platform For Hybrid Investment

Overall Rating:

In the same order as Acorns, M1 Finance is a hybrid investment, cash management, robo advisor and lending platform that enables users to get 1% cashback on their purchases. These purchases are directly sent into an investment account linked to the debit card used in making payments.

Assets: Like several stock trading apps, M1 Finance combines trading activities with its services. You can trade over 6,000 different financial assets primed for stock and ETF trading. You also get to buy fractional shares, which better helps you diversify your investment across several assets.

Fees: For the basic or standard account, users can trade stocks and ETFs commission-free. However, this will require you to hold a minimum amount of $100 in your account. The M1 Plus account comes with a price peg of $125 per annum with a set of fees and services. You will be charged $20 for the inactivity fee if you have less than $20 in your account for 90 days. Also, M1 Finance charges $100 on both partial and full transfer to another broker, as well as $100 for terminating your retirement account.

A further $50 for liquidating securities traded on foreign exchanges and a $30 returned check fee will be charged.

Usability: In the aspect of usability, M1 Finance is highly intuitive and adaptive. Users can easily locate and perform tasks on the platform.

Pros

Your capital is at risk.

Don’t Miss: How To Invest In Amazon Without Buying Stock