Best investment apps for beginners are going to demystify a lot of the more confusing aspects of investing – simplifying and streamlining your ability to generate wealth with nothing more than savvy decisions and a bit of capital.
No, top-tier investment mobile apps (especially those for beginners) aren’t going to guarantee you’re able to make a few million dollars in the markets almost overnight. But they are going to give you the fundamentals and the basic building blocks you’ll need to build wealth while investing, helping you to secure your financial future in ways that you might not have been able to just sort of jumping into the deep end of investing all on your own.
What are Best Investment Apps for Beginners?
Below we highlight some of the investment mobile apps you’ll want to download ASAP if you’re a beginner. You’ll also be glad to know that a lot of these apps provide a whole bunch of benefits for more experienced investors, too – making these apps permanent features on your phone or tablet if you’re serious about investing.
Let’s dig right in!
It should come as no surprise to anyone in the investing world that Robinhood would be the very first mobile app for beginners we touch on, as it’s the most popular free stock investing app on the planet today – and the rest of the competition doesn’t even come close.
This mobile app and investing service changed the game completely when it allowed everyone an opportunity to trade US listed and OTC securities 100% free of charge, without any commissions. It took the market a little longer to adjust to this competitor, but today Robinhood is universally seen as compelling some of the other “big boys” in the investment world to offer 100% free and zero commission trades as well.
The best thing about Robinhood is that it has a clean, easy to use interface that makes investing really simple and straightforward.
Another great mobile application designed with beginning investors in mind, Betterment takes advantage of a proprietary combination of human financial advisors and AI/software-based “market matchers” to give you the best possible passive investing approach across 13 individual ETFs.
Users will answer a quick survey regarding their goals and their tolerance for risk and then Betterment handles the rest of the heavy lifting for you. It helps you find the right securities to invest in to accomplish your goals, rebalancing, reinvesting, and capitalizing on new opportunities without you having to do anything whatsoever.
A world-class investment platform to be sure, the only reason that this mobile app wasn’t able to leapfrog Robinhood as the “go to” choice for beginners is because of the almost overwhelming amount of options, features, and “bells and whistles” you can take advantage of compared to the more streamlined Robinhood set up.
Available free of charge for anyone with a TD Ameritrade brokerage account (which can be opened with zero minimum deposit requirements whatsoever), the recent move from TD to begin offering commission free trades on online stock, ETF, and option trades is a huge move in the right direction.
The research library, resources, and charting tools available in this mobile app are second to none – but again beginners may feel a little bit over their head if they dive into too many of the more advanced options designed for investors with a bit of experience under their belt.
At the end of the day, all of the mobile applications we highlighted in this quick guide will point you in the right direction when it comes to Best Investment Apps for Beginners – especially if you are a beginner to the investment world.
All of them will help you grow your wealth, learn about different markets and investment vehicles, and can give you the experience you need in the markets to make smarter moves with your money every time you trade.
Best of all, all of them can be taken advantage of 100% free of charge so there’s no risk for you to take them for a test drive and see which one makes the most sense for you as you get started!