5 Best Investing Apps for Beginners
Let’s be real, investing can feel intimidating, especially if you didn’t grow up discussing recent market trends at the dinner table. But here’s the good news: you don’t need a finance degree, a six-figure salary, or some killer investment strategy to start building wealth.
What you need is a solid investing app that’s easy to use, beginner-friendly, and tailored to your goals. With so many options out there, though, choosing the right one can feel like a full-time job.
Don’t worry, we’ve done all the hard work for you.
Below are five of the best investing apps for beginners. Whether you’re looking to invest a few bucks or start building serious long-term wealth, there’s a perfect fit for you on this list.
1.) Robinhood
If you are just starting out and looking for a simple, sleek app to invest with minimal friction, Robinhood is a great place to begin. Known for being the pioneer of commission-free trading, Robinhood enables users to buy and sell stocks, ETFs, and cryptocurrencies without any fees. Robinhood makes investing easy for both newbies and seasoned veterans alike.
With beginner-friendly features like real-time updates and instant deposits, users can start investing immediately and begin seeing returns. Robinhood even lets its users buy fractional shares with as little as $1, making it perfect for those looking to start investing without depositing a large amount of capital upfront.
And if you want to educate yourself further before starting, Robinhood Learn can provide you with the information you need to start investing with confidence. So what are you waiting for? Get Robinhood and start investing today!
2.) SoFi Invest
SoFi Invest is another excellent investment app option for beginners entering the investment world. Much like Robinhood, SoFi allows you to invest in stocks, ETFs, and cryptocurrencies with no account minimums or commission fees. As a bonus, SoFi offers an automated investment option for new investors who prefer a hands-off approach, as well as access to live financial planners. It will even build a portfolio for you based on your risk tolerance, so you can earn income even if you don’t know what you are doing.
Since SoFi Invest is a part of SoFi’s all-in-one financial ecosystem, users can also have access to SoFi’s banking, budgeting, and personal loan tools as well. This makes SoFi Invest an excellent choice for anyone who wants to make their money work for them.
3.) Acorns
Not interested in making personal finance and investing your whole personality? That’s no problem. Acorns offers the perfect solution by investing the change from your daily purchases.
That’s right, all you need to do is link your credit or debit card, Acorns rounds up each purchase to the nearest dollar, and invests the spare change into diversified portfolios based on your risk profile. Enabling you to invest without worrying about which stocks to choose next.
If you want, you can also set up recurring deposits to help you quickly grow your portfolio and turn a bigger profit. Acorns’ cashback style of investing can be perfect for those investors on the go who want to make passive income while enjoying their dream vacation.
4.) Fidelity
Many investment apps tailored for beginners often lack advanced investment options that experienced investors prefer. Fidelity doesn’t just provide features for beginner investors; it also has a plethora of investment options for intermediate and advanced users alike. Making Fidelity the perfect app for those who are looking to build wealth long-term.
It might not be the most popular investment app in the world, but Fidelity’s Zero Expense Ratio Index Fund, with no minimum investment threshold and no trading fees, puts it a step above the rest. Additionally, Fidelity offers advanced tools for users who are looking to graduate from novice investor to expert investor, allowing you to grow with your original portfolio.
5.) Charles Schwab
For years, Charles Schwab has been helping thousands of Americans start their investing journey, and with their user-friendly app, they can help you begin your journey as well. Schwab Mobile gives you the best of both worlds; you can start investing manually with a couple of dollars and zero trading fees or let Schwab do the work for you through its automated Intelligent Portfolios feature.
But wait, theres more. Schwab offers an extensive library of free educational content, perfect for those who want to sharpen their investing skills over time. Regardless of which investing approach you prefer, Schwab has the tools to grow with you.
Starting your investing journey can feel overwhelming, but the truth is, the only hard part is getting started. With so many beginner-friendly apps and resources out there, there has never been a better time to start taking control of your finances.
The best part? You can invest at your own pace with your style. You can pick and choose your own stocks after researching what to invest in, automate the whole process, or invest with your couch coins.
No matter what you want to do, there is an app to help you become wealthy. It’s not about being perfect, its about consistency. So pick an app, start small, and let time do the heavy lifting for you.
Dan Baylor is a freelance copywriter and finance content strategist passionate about helping brands connect through authentic storytelling. When he’s not writing, you’ll find him exploring new cultures, crafting ideas for bold campaigns, or chasing the next great story.
