There are so many great investment apps available on the market today, it can be difficult to pick just one. They all feature a variety of features and benefits, from micro-investing mobile apps to active trading platforms. Some offer low account fees and educational resources to help you become a better investor. Many are suitable for beginners, while others may offer greater customization and a wider range of investments. To help you decide which investment app to download, here are some of the best apps.
Wealthbase: This investment simulation app lets you trade stocks and exchange cryptocurrency, and you can keep tabs on your friends’ performance as well. While its main purpose is to help beginners develop a better investment strategy, it also has a social element, allowing users to chat with friends while they are playing. Wealthbase is a great way to learn the risks and rewards of investing. You’ll want to check with your broker before making any big decisions about your finances, but if you’re looking for a more serious investment platform, Wealthbase may be the way to go.
When choosing an investment app, it’s important to remember that not all of them are free. Some charge a monthly fee. For example, the Firstrade investment app offers a commission-free mutual fund trade. Stash investment apps have a low monthly fee, ranging from $1 to $9. Beginners may want to choose investment apps that have low costs, especially those for new investors. The right app can help you reach your financial goals no matter what your investment strategy is.
TD Ameritrade has two investment apps available on the app store: thinkorswim and TD Ameritrade Mobile. Though TD Ameritrade Mobile is the most suitable for novices, thinkorswim is a better choice for more experienced investors. Both offer an easy-to-use interface and plenty of educational material. Thinkorswim, on the other hand, offers virtually all investment products and services, including options and complex stocks.
SoFi, the short name for Social Finance, is one of the newest investment apps on the market. Despite its relatively new status, SoFi has already made a name for itself in the investment world. Users can choose between an active investing account and a passive portfolio managed by robo-advisors. SoFi’s investment options include stocks and crypto. It also offers free financial planning sessions through its app. There’s no minimum account size, which makes it ideal for new investors.
Ellevest’s investment app offers three subscription options – basic investing and banking tools, as well as retirement tools. Its executive investment plan includes multi-goal setting, educational resources, and multiple trading platforms. The app also offers screener tools and an in-depth market analysis. The app is a good choice for beginners, as it allows people to invest in multiple markets at once. Besides that, Ellevest is also one of the most affordable investment apps available.