If you are a beginner to the stock market, it might be hard to figure out which trading app is the best to use. That’s where an app that offers a wide range of options comes in. TD Ameritrade’s app has no account minimum, commissions, or other fees. It also offers free market research, trend reports, charts, and real-time quotes, and users can even set up price alerts. In addition, this app allows you to monitor your portfolio from your mobile phone, tablet, or other mobile device.
Another app that makes stock investing easy for beginners is Betterment. It takes care of managing your money and rebalancing your portfolio for you. However, this app requires a fee, so beginners should choose the Premium plan. The app offers two investment plans: Digital and Premium. The Digital plan costs 0.25 percent of your balance and Premium costs 0.4 percent of your balance. The free version is perfect for beginners.
The SoFi app is also an excellent option for beginners. It lets you view stocks by category and ETFs by market capitalization. It doesn’t offer the most comprehensive investment research, but it’s enough to get started and make smart trades. Moreover, it offers cryptocurrency trading for bitcoin and ethereum, along with more than 27 other coins. SoFi’s educational articles are an added bonus.
If you’re a beginner, Schwab Mobile is likely to be the right option for you. This app allows you to place trades, monitor performance, and get real-time quotes. You can customize the app’s interface to suit your preferences. And, unlike other mobile trading apps, it doesn’t require a minimum balance or annual fees. These features make Schwab Mobile the best choice for beginners.
For a mobile-first approach, TD Ameritrade is a good option. It offers no commissions for stock trades. Users can also upgrade to thinkorswim, which is the leading active trading app with tons of useful features. It even includes a chat feature. And it’s compatible with iPhones, iPads, and Apple Watches. Finally, E*TRADE offers a commission-free platform.
While you don’t want to pay too much to get started, Wealthsimple’s app has a sleek interface. It shows you the composition of your portfolio and offers dedicated customer service. Interactive Brokers is another excellent choice. It specializes in the broad market and has low fees and an impressive trade execution plan. But, it’s not for everyone. You’ll probably want to start with a small balance.
TD Ameritrade and Interactive Brokers may be good options for newcomers to the stock market. They can provide a range of educational materials and videos for newcomers to stock investing. TD Ameritrade’s free stock trading app also allows domestic and foreign bank wires. Other providers offer third-party transfers. Some even offer checks. And if you’re in a hurry, eToro is a good option.