Uncover the Top Apps for Starting Your Journey in Stock Trading Today!
How about we simplify that into a more friendly language? Here is what I came up:
Best Mobile Apps for Beginner Stock Traders
by: Marc Andre
as of: August 1, 2022
Are you considering starting to trade stocks but feel a little lost? There are so many trading apps and platforms available it can be hard to know where to begin. Let’s make it more straightforward, shall we?
This guide will take you through some top trading apps that are perfect for beginners. These apps are easy to navigate and require a small amount to start with, allowing you to buy shares without the hefty price tag.
Top Pick: Public.com
Public.com seems to be the best place for beginners to learn the ropes of stock trading. The app is user-friendly and has a supportive community. It lets you get started with a small investment, allowing you to buy “fractional” shares of big-name stocks you might not be able to afford otherwise.
Added features include commission-free trades, the ability to buy and sell 27 different cryptocurrencies and high-yield accounts. Additionally, Public.com encourages learning, allowing you to connect with other users and engage in discussions, which makes it a fun and educational experience.
Other Worthy Trading Apps
While Public.com ranks first, there are several other trading platforms that can also be great for beginners:
1. Webull: This app allows free trades without a minimum deposit requirement. Additionally, its data analysis tools are excellent for those who want to dig deep into data before investing.
2. M1 Finance: If you prefer long-term investments and want to automate most of your investing processes, this app is for you. It also charges no fees for basic accounts.
3. Moomoo: A good platform for both beginners and advanced investors. It provides user-friendly design, a social community and no minimum account requirements.
4. Robinhood: This platform is especially beginner-friendly thanks to its simplicity and ease of use. It introduced commission-free trades and fractional shares to the industry, breaking barriers for new investors.
5. Tornado: This platform is a little different. It charges a subscription fee, but in return, you get personalized financial education, access to expert insights and a tool that optimizes your portfolio.
Lastly, remember, Robinhood and apps like it allow you to start trading with only a few dollars. This is due to the fractional shares feature, which lets you own parts of a company’s stock instead of a whole share.
So, no more waiting! Compare these platforms and see which one suits you best. There’s no harm in trying a few, and you can even get free stocks when you sign up for some of these.
Each of these platforms is unique in its own way, choose what suits your needs. It could be Public.com with its friendly community and user interface or any other from the list that caters to your requirements. Happy investing!
