best stock app for beginners
Even if you already understand the stock market and how it works in theory, you might not know how to play the market safely and wisely.
The stock market can be quite intimidating and complex especially if you are just starting out as an investor. Luckily for you, getting into the market and buying or selling stocks is a lot easier than it used twenty years ago.
Today, pretty much anyone with a bank account and a few bucks can get their hands on some stock and start trading in the market. In this guide, we’ll provide you with some of the best stock apps for beginners.
These apps will help you buy and sell stock easily and most importantly, help you learn the ropes of the marketplace quickly.
Best stock trading apps for beginners
TD Ameritrade is the best stock trading app for beginners. It is one of the few apps that does not take any commission from traders.
The app comes with a variety of features that makes stock trading easier as well as a huge library to introduce you to the app and the stock market in general.
One of the downsides of this app however is that it tends to corner you to get a live stock broker to trade on your behalf. While this is not necessary and can be avoided, the app will keep reminding you of the benefits of trading with a live stock trader. Aside that, TD Ameritrade is a great option for a beginner.
E*Trade is among the first stock trading app in the market. The app has come a long way from when it was new in the market and has received numerous updates and changes to make it one of the best stock trading apps you can get your hands on.
E*Trade does not charge any commissions on stocks and ETFs. It comes with a streaming option for smart trades as well as a risk accessing tool for accessing the performance and risks of your portfolio.
Fidelity is one of the top online broker apps and offers a ton of different investment features and like E*Trade, Fidelity does not charge commission on stocks and ETF trades.
One of the most outstanding features of the fidelity app as a trading tool for beginners is the number of extra apps available for main app users. One of the most popular extra apps for Fidelity is the Fidelity Go app, which acts like a robot adviser to traders.
SigFig is a popular investment app that allows you to keep track and manage your existing portfolio with ease from its dashboard.
The SigFig app is very easy to trade on. All you need is to answer a few questions to sign up and then you can fund your account and start trading on the platform.
Acorn is built for beginners and investors who will not want to get too active in the stock market. The app is very easy to use with little investment charges and comes with a robo-advisor that is specially designed to help beginners get acquainted with the market.
Learning how to trade in the stock market is very important as knowing how to manipulate the market is the safest way to play the investment game.