Whether you are a beginner or a professional, we have some of the best investment apps if you are looking to start investing. Investment is beneficial as it is an alternative option to a savings account. It also increases the value of your money. What do you expect from a good investment app? Better investment options (mutual funds, cryptocurrencies, stocks, etc.), easy to use, educational tools, cost and fees, and premium security features. Well, our investment and stock buying apps have all the features that can fulfill your expectations.
8 Best Investment Apps to Invest
Here are the ten best investment apps where you can invest your money with high returns. Let’s check them out:
1. Robinhood
Robinhood is an investment and stock buying app that provides commission-free trades. It is best to use for beginners as it offers low-cost investing options. With Robinhood, build your portfolio with just $1. Its top priority is its user’s safety. With commission-free trades, no other apps offer to invest in cryptocurrency using Blockchain technology. However, the tool has limited research and portfolio tools, so beginners must first learn about the investing options. Also, if you are looking for an app with a retirement option, Robinhood should not be your choice.
Pricing:
Basic: Free
Gold: $5 per month (advanced tools)
2. Acorns
Acorns is the best investment app for micro-investing. If you want to save and invest passively, try out Acorns. The app rounds purchases to the nearest dollar and automatically invests the difference. Moreover, it has a pre-built portfolio for risk tolerance. Its fees are comparatively lower than those of other platforms. However, its monthly payments are high even if you have a low account balance. Overall, it is best for long-term investments.
Pricing:
Personal Plan: $3 per month
Family Plan: $5 per month
3. eToro
eToro is a multi-asset social trading app that allows its users to trade stocks, ETFs, and cryptocurrencies. You can also copy the trades of successful traders on the platforms. Furthermore, it offers a beginner-friendly trading experience. If you are looking for a safe transaction, eToro is your go-to app. It is because it has an in-built crypto wallet. The platform offers a virtual trading option for practice, which is beneficial for beginners. However, its crypto-trading fee is higher. Overall, it is among the best investment and stock-buying apps.
Pricing:
Basic: Free
Trading fees: 1% per trade
4. Webull
Webull offers advanced trading features for beginners and professionals. Its fraction share feature makes investments, in which users can buy and sell fractions of shares. The best part about this The best trading app for beginners is that it does not demand any commission fee for trading stocks, ETFs, and cryptocurrency. It offers a paper trading feature where beginners can practice their strategies. Its advanced charting and technical analysis tools are best for trading.
Pricing:
Basic: Free
Advanced trading tools (optional)
5. Paytm Money
Paytm Money is one of the best investment apps for Indians. It offers many investment options, such as mutual funds, SIPs, and stocks. Its investment cost is lower than the competitors, with no commission fee. Furthermore, it provides real-time market information in the app. The best part about this investment app is that it supports mutual fund plans. However, this app is only available in India. Also, if you are an advanced trader, the app feature may be limited to you.
Pricing:
Basic: Free for mutual funds and SIPs
Trading fee: Rs. 10 per trading
6. Zerodha
Zerodha offers all the stock trading options with the lowest investment fee. It offers trading stocks, ETFs, and mutual funds to Indian users. The Kite platform provides access to advanced charting tools. The options of mutual funds and SIPs are already integrated into the app. If you are an investor in India and looking for cost-effective trading solutions, Zerodha is your go-to tool. Furthermore, it supports multiple account types, such as trading, Demat, etc.
Pricing:
Basic: Free
Trading fee: Rs. 20 per trading
7. Stash
Stash is an investing app designed for beginners. It offers portfolios and tools for a high return on investment. Its automated investing feature is best for stress-free trading. Like Webull, Stash also offers a fractional share feature in which you can invest a small amount of $5. Based on financial goals and risk tolerance, you access the curated portfolios. If you are a beginner, you can learn about the investment from the educational resources. However, you will get limited features in the beginner plan. Overall, it is the best trading app for beginners.
Pricing:
Beginner Plan: $3 per month
Growth Plan: $9 per month
8. WealthFront
WealthFront is one of the best portfolio managers and constructors. It offers a collection of advanced tools for financial planning. The app has hundreds of ETFs for customisation with daily tax-loss harvesting. However, it has no access to financial advisors and no live chat support. WealthFront offers you the opportunity to invest in ETFs, mutual funds, and cryptocurrency funds. The app provides an online form and help centre if you need help.
Pricing:
Basic: Free
Annual fee: 0.25% of assets
Bottom Line
Investment is a better option than keeping your money in a savings account. But, investing in any random platform can be dangerous as cyberattackers are keeping their eyes on you. So, the above-mentioned are some of the best apps where you can invest your money without worrying about anything. Furthermore, they prioritise your safety first and offer many options for investment. Stash, Paytm Money, and Webull are the best trading apps for beginners.
Frequently Asked Questions (FAQs)
Ques: Is Zerodha better or Groww?
Ans: Yes, Zerodha is much better than Groww as per their rating. Zerodha has a rating of 4.5 out of 5, whereas Groww has only a 4 out of 5 rating.
Ques: Which app is best to buy stocks?
Ans: AliceBlue App, Zerodha Kite, Upstox App, Edelweiss App, and Paytm Money App are the best apps to buy stocks.
Ques: How do I start trading?
Ans: To start trading, open a demat account → understand stocks → learn to set stop losses → start with safer stocks.
Ques: Which broker is the cheapest?
Ans: Wisdom Capital, Zerodha, and Upstox are the cheapest brokers.
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