Top 5 investment apps for beginners 2022
|Top 5 investment apps|
For some people earning money is something "simple" although behind this there is a lot of experience, trial and error. However, saving and investing, for many people can be like walking a tightrope. This is largely due to the rising cost of living and the numerous investment scams around the world. That's why we came up with the idea to create a list of the top 5 best investment apps for beginners.
Following the differences in online discussions and popularity, we were able to create a short list of the 5 best investment apps for beginners.
Investment applications for beginners
SoFi: the Sofi Investing and Trading app has a 4.3 rating from over 16 thousand users on the Play Store, it allows these to invest from $1 in the U.S. The app offers $10 in bitcoin for your first cryptocurrency trade; with very low fees for active trading and 1.25% for cryptocurrencies.
Wealthbase: this is a new application which was designed to trade stocks, ETFs and cryptocurrencies. In addition, it has the option of a fantasy stock trading game; when we play with friends, we have the chance to win a pool of $100,000 in virtual cash.
M1 Finance: is a very popular app rated 4.5 by almost 20 thousand users; it allows its users to spend, borrow or invest in a quick and simple way. The app allows us to view our portfolios, create portfolio templates. We can also access very useful automation tools that will make investing as a beginner a very pleasant experience.
TD Ameritrade: allows us to have a clear view of the stock market. It is possible to trade stocks, ETFs and options from our mobile device. We can view our portfolio and receive different price alerts in order to monitor the operations. Additionally, we can view up to seven years of tax documents and ten years of returns in the app.
Merrill Edge: gives its users the possibility to access the market performance, we can see the most active stocks of the day and track a waiting list. Another thing we can do is deposit checks into the Merrill account or a Bank of America account by simply taking a picture. There are tools that are designed to make any trading and investing process easier for the inexperienced.