Long gone are the days of calling a stockbroker to make a trade in your investment. Whether you are new to investing or are simply looking for a way to expand your portfolio with ease, investment apps can be a convenient option for investors. There is likely an app created for every goal an investor is trying to achieve. Here are the top five investment apps worth exploring:
If you are after a free app that avoids trading commissions, Robinhood is a great app to download. It is simple to use and navigate and provides updates and stories to the investment world so you can easily follow along. Using Robinhood, investors can trade cryptocurrency, Exchange-Traded Funds (ETFs), and stocks for free.
Acorns has remained a top tool for those diving into investing for a good reason. Not only is it easy to use, but it creates a hassle-free way to regularly invest. You can connect your credit or debit cards to the app, and choose options such as rounding your purchases up to the nearest dollar to then be distributed to an ETF portfolio. While it may cost a few bucks a month to continue use, Acorn provides additional options to the users like investing in retirement.
If you are looking to have a bit of fun with your stock picking and trading, Wealthbase is a great app to have. With this app, users can play different stock market games and compete with friends. The stock picking is connected with social media, allowing users to see what stocks their friends have and engage in friendly competition.
Stockpile is a great option for investors who may not have a ton of money to invest, but still want to try their hand in trading stock. What is great about this app is that you have the capability to invest in fractions of stocks, if you do not have the full amount to dedicate. While there are no monthly fees, there is a 99 cent charge for each stock trade. Stockpile also allows users to send gift cards to others that can be redeemed for stock, making it an ideal gift option for younger friends and family.
A savings-based app, Clink is most beneficial for investors who wish to invest their savings into a portfolio of ETFs. Whether you choose to schedule regular transfers from your bank accounts or designate a percentage of your purchases to be sent to Clink, investing can be made easy with the Clink app.