In this article we discuss the 5 best investment apps for beginners. If you want to read our detailed analysis of these apps, go directly to the 16 Best Investment Apps for Beginners.
5. E-Trade, Owned by Morgan Stanley (NYSE: MS)
Google Play Store Rating: 4.6/ Downloads:10,00,000+
E-trade is another very prestigious investment app. It is owned and operated by Morgan Stanley (NYSE: MS). Morgan Stanley (NYSE: MS) is a publicly traded financial services company based in New York City. The present day Morgan Stanley (NYSE: MS) was formed as a result of merger between the original Morgan Stanley company and the Dean Witter Discover & Co.
Morgan Stanley (NYSE: MS) is primarily involved in wealth management and investment management with E-trade largely serving the investment side of the business. E-trade offers a wide variety of assets that people can invest in. These include stocks, options, mutual funds, ETFs, futures, bonds and CDs.
The app is beginner friendly according to most reviews on forums like Reddit and Quora. There is a dedicated section in the app for people who are new to investments. The app also offers managed portfolios with teams of financial experts. Self managed accounts get sophisticated research tools for market analysis.
4. Stash
Google Play Store Rating: 4.2/Downloads:50,00,000+
Stash is one of the most famous investment services in the market. It is a dedicated investment service for beginners where you can begin your investment with just $5. It’s beginner package is user friendly due to portfolio recommendations and saving strategy. The app offers stocks and ETFs for investment according to its website.
3. Acorns
Google Play Store Rating: 4.3/Downloads:50,00,000+
The list of 16 best investment apps for beginners wouldn’t be complete without Acorns. It is a famous investment app that lets users invest in stocks and bonds. It is also very intuitive to use and comes with various research tools and features to get beginners started.
If that sounds hard still then there are options for clients to shift to managed portfolios where their investments are professionally managed along with advice from financial experts. All in all, Acorns is one of the most beginner friendly apps out there in the market.
2. Robinhood
Google Play Store Rating: 3.9/Downloads:10,000,000+
Robinhood is another investment app on the list to attract a great number of people to its services. Robinhood offers investment in various assets. These include stocks, funds, options, gold and crypto according to its website.
The app fares reasonably well in reviews on forums like Consumer Affairs and Reddit as far as user friendliness is concerned.
1. Webull
Google Play Store Rating: 4.4/Downloads:10,000,000+
Webull tops the list of 16 best investment apps for beginners. It is a very intuitive app that lets you invest in various assets like ETFs, stocks and crypto. It is user friendly and has a generally positive image in the online community on various forums like Reddit and Consumer Affairs.
The app is extremely beginner friendly. You can start out very easily and if you do not understand the financial jargon, you can always shift to managed portfolio accounts where your portfolio would be managed by professionals in the field along with professional investment advice.
You can also take a peek at 10 Best Machine Learning Stocks to Invest In and 15 Best Penny Stocks to Buy Now.
