Home ยป 15 Best Investment Apps For Investing In Stocks

15 Best Investment Apps For Investing In Stocks

People suddenly understood a need for digital methods to generate money and build their wealth during this pandemic when they lost their jobs and their savings had just evaporated. With the advent of a new digital era and the growing demand for employees to work from home, investing apps can serve as a lifesaver for everyone.

While investing, keep in mind that returns on investment are conditional to market conditions. Thus, it is critical to conduct a thorough analysis of market movements before buying.

1. Fidelity

Fidelity is a financial solutions provider for investors, offering simple investing solutions, financial planning tools, and market news.

Highlights include the following:

  • Accounts that are self-directed and professionally managed
  • Financial planning instruments
  • Guidance from specialists to help you make the best financial decision
  • Estate planning using digital means

Why you want this app:

With Fidelity, you can trade fractional shares, use financial planning tools, and receive specialized counseling.

2. E-Trade

E-Trade is an investing app designed for beginners with simple-to-use investing, saving, and borrowing capabilities.

Highlights include the following:

  • Market intelligence
  • Financial preparation for retirement
  • Trades are facilitated by a broker and automatic investment.
  • No-fee mutual fund trading
  • Begin with pre-assembled portfolios

Why you desire this app:

E-Trade is a good alternative for novice and experienced traders.

The complimentary instructional tools can assist newcomers and provide market knowledge.

Additional beneficial elements can perform wonders for both parties.

3. SoFi Invest

SoFi Invest serves as a one-stop-shop for all of your financial needs.

With SoFi Invest, you may invest your extra money autonomously, trade cryptocurrencies, and apply for a loan, all with no management costs.

Top Features:

  • Enable cryptocurrency trading
  • Provides low-interest loans
  • A function for automated investing
  • There are no fees

Why you want this app:

SoFi Invest is all you might desire in a beginner’s investment software.

It charges no fees for investments and includes automated tools for investing and managing your account. It is one of the best investing apps for beginners.

4. TD Ameritrade Investment App

The TD Ameritrade Investment Program is a multi-award-winning app that provides many investment options, educational resources, and planning tools, among other features.

Top Features:

  • Allows you to create price alerts and browse integrated charts, among other features.
  • 24 hours a day, five days a week trading
  • Analysis features allow for the calculation of risk.
  • Planning tools tailored to specific objectives

Why you want this investment app:

Due to the abundance of trade choices, price notifications, and other features, the TD Ameritrade Investment App best suits advanced traders.

However, for novices, educational resources can be beneficial.

5. Robinhood

Robinhood is one of the most popular investment apps and currently has over 6 million Americans using it.

Robinhood does not require you to maintain a minimum account balance. Its user-friendly interface allows you to analyze financial charts and invest in stocks with the click of a button.

Top Features:

  • Invest as little as $1
  • Cryptocurrency trading
  • Provides access to research reports on around 1700 stocks
  • The app lets you collect your paycheck, pay rent, and perform various other tasks.

Why you want this app:

Robinhood may be a fantastic choice for those interested in investing, as they may use Robinhood investing in learning about market patterns in about 1700 stocks.

6. Acorns

Acorns are one of the most user-friendly investment apps available.

You do not need to bother about portfolio management; the built-in Robo-advisor will take care of that for you.

You can begin with small investments and pay between $1 and $5 per month in servicing costs.

In addition, you can use the Acorns Later tool to save for retirement.

Top Features:

  • A diversified portfolio constructed by professionals.
  • Conduct employment searches
  • Financial preparation for retirement
  • Earn money while shopping

Why do you want this software:

This app can be advantageous for newcomers unfamiliar with the industry.

They can invest their spare funds with the assistance of an integrated Robo-advisor.

7. Ally

Ally is a self-directed trading app that enables you to connect to the market at any time and from any location.

You do not need to have a minimum amount in your account to begin.

Additionally, it offers a cash bonus for opening an investment account.

Top Features:

  • Trading on one’s initiative
  • Banking and mortgages
  • An automated investment function oversees the management of your portfolio.
  • Savings tools that assist you in saving more quickly.

Why do you want this app:

Ally provides trading alternatives that enable you to invest as you like.

If you are a beginner with limited market expertise, you can use the automated investment function and switch to self-directed trading at any time.

8. Betterment

Betterment is a top investment app.

It provides automated investment, tax-loss harvesting, and retirement planning, among other things, at a low cost.

Top Features:

  • Portfolio rebalancing and investment automation
  • Revenue loss harvesting
  • Informs you of the amount of tax due on the funds you remove.
  • Financial preparation for retirement

Why you want this app:

Betterment may be a cost-effective and productive investment vehicle for any amount of money.

The step-by-step instructions and tax-saving recommendations are a plus.

9. M1 Finance

M1 Finance is a wealth-creation vehicle designed for long-term investors.

You can invest as a self-directed investor and do whatever you wish with your money, or you can use an automated program to rebalance your portfolio for you.

Top Features:

  • Loans with low-interest rates
  • Commission-free trading
  • Automated money transfer based on pre-defined criteria
  • Send cheques without physically signing them.

Why you must use this app:

M1 Finance has some good automation tools, rewards you for switching, and allows you to trade with no commission fees.

10. Stash

Stash is one of the most popular investment apps for clients in the United States that simplifies investing for beginners.

You can invest any amount of money in fractional shares or ETFs.

Top Features:

  • Gain access to studies on a variety of marketable commodities
  • Financial preparation for retirement
  • Tax advantages
  • Suggestions for expanding your portfolio
  • Allows for the purchase of fractional shares

Why do you want this app:

Stash allows you to purchase fractional shares, receive legitimate investing advice, and take advantage of tax savings associated with retirement planning.

11. Merrill Edge

Merrill Edge is a subsidiary of Bank of America that offers a self-directed investment platform and advice on how and where to invest the money.

You can even hire a dedicated advisor to assist you with your more complicated wealth management requirements.

Top Features:

  • It offers a diverse selection of equities, bonds, exchange-traded funds, and mutual funds with which to invest.
  • Professionals perform portfolio management and rebalancing.
  • Financial preparation for retirement
  • No-fee trading of an unlimited number of stocks and ETFs
  • Gain access to stock research

Why you want this app:

Merrill Edge is one of the greatest investment applications, giving a wide variety of tradable items and allowing you to obtain research data on numerous equities to make an informed investment.

12. Invstr

Invstr is one of the best beginner investment apps available.

The app offers no-commission investing and enables you to develop a portfolio with the assistance of an in-app advisor.

Top Features:

  • No-commission investment and banking
  • Invest in US equities, exchange-traded funds (ETFs), and fractional shares
  • Cryptocurrency trading
  • Portfolio builder that aids in performance enhancement.

Why you have to use this app:

Invstr is an excellent option for investors because it allows the trading of stocks, ETFs, fractional shares, and cryptocurrencies.

13. Wealthfront

Wealthfront streamlines your finances and helps you expand your wealth with the money you already own.

In addition, it includes a built-in Robo advisor to assist you in making investment decisions.

Top Features:

  • Easily borrow money
  • Investing that is automated.
  • Revenue loss harvesting
  • It enables you to plan and save for retirement, vacations, and other expenses.

Why you want this app:

Wealthfront is one of the finest investment apps for beginners, thanks to its Robo-advisor, which provides automated investing and portfolio rebalancing.

14. Round

Round is one of the best investment apps for advanced investors with substantial funds.

They even provide you with a private manager for your account if your balance exceeds $100,000.

Top Features:

  • Analysis tools for determining the market risks associated with your portfolio
  • Reasonable pricing
  • Investment managers oversee your investments.
  • For accounts valued at more than $100,000, a private management partner
  • $500 as a minimum investment

Why you want this app:

Round is an excellent solution for people who want to invest but do not have the time to monitor market trends or are new to investing, as the advisors ensure that you earn profits or your costs are waived.

15. Webull

Webull is an investing app that enables you to invest in a wide variety of tradable items and maintain a diversified portfolio while also providing market analysis tools that provide accurate insight into market movements.

Top Features:

  • Enables you to examine market trends in preparation for investing
  • Diverse trading options
  • Resources for retirement planning
  • Customer service is available 24 hours a day

Why you want this app:

Webull is an excellent choice for expert investors who can read charts and gain insight into investing their money using in-depth research capabilities.

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