Gone are the days when people have to solely rely on a personal stockbroker to invest in stocks. Thanks to an array of apps, investing in stocks is easier than ever. There are several ways that apps have helped those investing in stocks, with one being they have made it easy to signup for an account and to actually start trading stocks.
Many apps even educate people on investing in stocks by providing them information that explains the very basics of investing to more advanced info such as trading strategies some investors use. With that said, here are three popular investment apps that are available today:
Robinhood is without a doubt the most popular investment app for beginners and novices alike. On Robinhood, you can trade stocks without paying a commission fee. You simply signup for an account, and they’ll verify your information. Once you’re verified, you can begin investing in stocks.
A lot of people check out sites with price targets for recent stock analysis. Once they have done their research, they’ll head back over to Robinhood and invest in the companies they have researched. Not only that, but Robinhood typically displays news articles surrounding the financial sector as well as some of the stocks that are available on the app.
Asides from being able to invest in stocks, you can trade options and cryptocurrency. The app doesn’t require any minimum amount to get started and you can invest in fractional shares. Perhaps one of the best features of the app is they have a section in some stocks that include a buy/hold rating.
Out of all the financial apps and investment apps available, Webull easily ranks number two on the list.
In fact, Webull has been allowing people to invest in stocks for free a long time ago, before many of the other popular apps started to do it. Not only that, but Webull lets you trade options without having to pay a commission fee.
If that wasn’t impressive enough, there are thousands and thousands of stocks you can invest in. The chances are the stock you’ve been thinking of buying is available on Webull. Also, for those who are a fan of crypto, they’ll like that they can trade it via the Webull app.
The bottom line is Webull offers investors the chance to trade stocks and other assets without having to pay high fees, and they can even set up an IRA right from within the app. It’s no wonder why beginners and experienced investors alike are a fan of Webull.
This app is great for beginners, and it continues to gain popularity among new investors. One of the best things about Acorns is investors only need as little as $5 to get started. There are several plans that Acorns offers, with each one costing a monthly fee. Depending on the plan you choose, you’ll pay either $5, $3, or $1 per month. This is worth it because the app pretty much handles the entire investment process on your behalf, which is one of its unique selling points.
Another feature of Acorns is “Round-Ups.” This feature allows you to invest spare change that you have leftover from purchases. Not all purchases qualify, and you’ll need to either link a credit or debit card to get started. Once everything is set up, Acorns will invest the change leftover from your purchases, and after they have rounded up the purchase to the nearest dollar.
Acorns’ cheapest plan is Acorns Lite, which gives you access to an investment account. The $3/month plan is Acorns Personal, which gives you access to a checking account, IRA, and investment account. The most expensive plan is Acorns Family, which includes things such as a checking account, investment account, custodial investment account, and a retirement account.
Those are the three top investment apps available today. Each one is unique in its own way, but it is important to choose the app that an investor thinks will meet their needs the best. Generally speaking, people can’t go wrong with joining any of the three above investment apps.