Jumping into the stock market can be overwhelming. What are the best stocks to invest in? What stock brokerage should you use? Are there any beneficial apps that help you invest? These are all common questions younger and newer investors usually have.
In this post we’ll cover a couple of those questions and supply you with our four favorite apps for new investors. The four apps mentioned are two stock trading platforms and two investment apps that invest in stocks and curate a portfolio based on your preferences. Let’s take a deeper look at them below.
Best Stock Market Apps for Beginners
Webull
This app is great for beginners because it offers commission-free trading and an extremely user-friendly interface. Webull is arguably the most beginner-friendly brokerage app and the most popular among young and new investors, aside from Robinhood.
You’re able to trade stocks, options and even crypto if that’s what you’re into. Webull makes it easy to track your trading and investment performance and even has a great amount of info and learning materials for newer investors.
One of the best parts about Webull though is that they give out free stocks just for signing up. The only brokerage to do that! You can claim up to 12 free stocks or fractional shares by signing up with this link and depositing any small amount of money today.
Stash
This automated investing app is great for new investors because it offers a simple, straight-forward platform and a variety of educational resources to help users learn about investing.
The main attraction with Stash though is their automated investing feature called their “Smart Portfolio.” All you have to do is set your risk level and your investment goals and the Stash team takes care of the rest by curating a portfolio that fits your investment goals. This includes stocks, bonds and even crypto.
All of this coming at no added cost as well. Think of it as like having a financial advisor for free!
Another perk is their low minimum account balance, allowing you to get started with investing for just $5. Set a recurring deposit for every week, month, quarter and let Stash handle the rest! Best for beginners who really want a hands-off approach with their portfolio or don’t know which companies to start investing with.
Acorns
Acorns is a great choice for beginners because it makes it easy to start investing with very little money. It rounds up your purchases to the nearest dollar and invests the change, no deposits or recurring deposits need to be made.
Similarly to Stash, Acorns invests your money based on your investment preferences. Whether you would like a very safe portfolio, a moderate-risk one or a super risky one. You set your preference, Acorns invests your money based on your wants and needs.
A true hands-off approach, Acorns is great for beginners who don’t know where to invest their money for growth or for those that want to start with very little money.
Additionally, the app also has a feature that allows users to track their portfolios and see real-time market data.
Public.com
Public.com has slowly taken over as one of the best brokerage apps for beginners and retail investors because of the immense value they have added. What’s so valuable?
For one, Public.com does not have a built in fee for trades like the big players do (Robinhood, TD Ameritrade, E-Trade, etc.). And secondly, they have made their platform more community and educationally oriented. Allowing users to create profiles, follow other investors and share ideas in the stock market.
Public.com is another super beginner-friendly platform for new investors looking to get started in the stock market.
Our Final Recommendation
In conclusion, there are many great stock market apps for beginners, each with its own unique features and benefits. Whether you’re looking for commission-free trading, a user-friendly interface, or a variety of educational resources, these four apps will have you covered.
A lot of which apps you choose to use will come down to personal preference and whether you enjoy the interface or not. Because of this, we recommend signing up for all four to get a feel for which ones are easiest to use for you and to see which ones you feel are the most beneficial for you.
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