Best Investment Apps for Beginners

When looking for the best investment apps for beginners, our users consistently pick Webull & M1 Finance.

Saving money and investing in assets can help you build wealth and reach your financial goals sooner. While those core truths remain the same, you will have to decide which investment apps to use on your path to financial independence. Some apps are better than others, and it’s important to know the subtleties before investing your money. This guide will break down seven of the best investing apps for beginners.

Investing puts you on the path to wealth, but it can feel overwhelming when getting started. These beginner-friendly investing apps will make your investing journey smoother.

Webull provides new investors with up to 12 free fractional shares that are valued at up to $3,000. You have to open an account and deposit funds to qualify for this reward. Outside of the free stocks, Webull has cash-management tools and lets you trade crypto.

Many apps enable automatic investing, but few of them match up to M1 Finance. The investing app lets you create a custom portfolio, also known as a “pie.” You can choose which assets go into this pie and the concentrations. It follows the same approach as mutual funds, but with an M1 Finance pie, you get to pick the individual stocks and concentrations within the fund.

TD Ameritrade offers over 5,700 mutual funds and no fees for stock trades. The investing app is well-known for its Thinkorswim Trading Platform. The resource has a suite of trading tools and gives traders a streamlined experience. You can view technical indicators and compare various charts to predict how stock prices may move in the future. It’s a great resource for technical analysts. 

SoFi is a modern fintech company that offers bank accounts, personal loans and a range of financial products. Its investing feature lets investors trade stocks and crypto without worrying about fees. SoFi investors can access a Certified Financial Planner (CFP) through the app at no cost.

E*TRADE is a mobile trading app that has zero-commission trading. Its trading tools let investors view risk/reward probabilities, analyze earnings movements and spot real-time opportunities with Live Action scans. E*TRADE has a lot to offer traders and streamlines the entire process with straightforward tools.

Fidelity has several money-management features and mutual funds for its investors. The company also has great research tools, including a stock screener that lets you filter stocks based on dozens of parameters. Its research tools are some of the best around and can help you construct a portfolio based on your criteria.

Want to invest in stocks, look at your bank account balance and get an insurance policy from the same dashboard? Invstr is an all-in-one solution that covers a lot of ground. You can also trade cryptocurrencies on the investing app instead of only trading stocks and options. Invstr has a free version with great features and a Pro account with advanced features.

An investment app allows you to buy stocks and other assets. The apps provide educational resources and features that make it easier to manage your money and investments. The investment apps act as companions as you navigate the stock market and other investment opportunities.

Many investment apps are available, and more will launch in the future. Investors should look for these key factors when choosing the best investment apps for their needs.

An investment app should be easy to use. Apps should have straightforward dashboards that quickly let you access important pages and information about your investments. If the dashboard is clunky and confusing, you may want to consider another app.

Most investment apps are free to use, and many apps have done away with commission-based stock trading. You will still end up paying commissions if you trade options. Each app has varying fees and costs, and it’s a good idea to review them before getting started. You should also assess your needs, as high fees for options trading won’t matter if you never intend to trade options.

Some investors only want to trade stocks, but if you also want to trade options and crypto, you have to filter for those investment opportunities. Know what types of assets you want to buy and sell before putting money into an investment app.

Two-step authentication, data encryption and other features will go a long way in keeping your information safe. Given what’s at stake with an investment app, it’s vital to look for an app with superb security features.

The best investment apps work on smartphones, desktops, tablets and other devices. Having this type of accessibility lets you view your investments from any device, whether you are at home or on the go.

Investing apps help people build funds for retirement and key financial goals. Buying assets and waiting for them to compound can create more opportunities in the future. Traders can also capitalize on price fluctuations, and some investing apps have trading tools that greatly aid this group. Making investments creates more possibilities, and a great investing app can get you on the right track.