Even other so-called “free” investment apps usually charge small commission fees on certain types of trades, but there are none of these to be seen with this particular platform.
Robinhood is totally free across the board. We say Robinhood is the top stock trading app you can find. Still however, the usability and completely free nature make Robinhood stand out from its peers. It’s an app where you make it or break it yourself, overall, as there isn’t a robo-advisor option to benefit from, either. The platform doesn’t have any research tools or robust, in-depth data available. Robinhood is a seamless app that’s great for investors who like to play the stock market on the side and don’t mind doing their market research themselves. Getting a birds-eye view of your investment portfolio is only a button press or two away.
Understanding the risks and benefits of your upcoming trades is also fairly easy, as the app provides a series of simplistic charts and stats. Despite its simplicity, you can also use tools on the app to schedule recurring deposits or set up trades in the future, among other things. Robinhood’s real-time trading interface is super easy to understand and user-friendly.
Still, there’s a lot to like with this investing platform. Of course, there is a downside in that you can’t trade beyond stocks and ETFs, so their asset range is somewhat limited compared to many other investing apps. Robinhood, as its namesake would want, is a free stock trading app without any extra commission costs or fees regardless of the type of asset used to trade. If you’re thinking about investing from your smartphone, you’ll want to start with one of the leading investment apps outlined below. The truth is, in our current age of technology, anyone can use modern investment apps to develop a portfolio and join the stock market as a serious player.Įven better, many of the best investment apps have low account minimums, little-to-no fees, and a huge number of assets available. Never before have more people found that investing is not only within their reach but is actually easier than ever thanks to these apps’ easy-to-use interfaces and robo-advisors. Yet the COVID-19 pandemic has inspired many to try out fintech (financial tech) mobile platforms to include investment apps. Finding a stock brokerage, learning what all the different asset types mean, sifting through charts and data… It can be frustrating, time-consuming, or downright impossible, especially if you don’t have a lot of cash to start with. Investing often seems like a tough game to get into.
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