5 Investing Apps for Beginners To Try

June 2, 2021 •

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Investing is a lucrative way to grow your money, and you don’t have to be on Wall Street to start building and diversifying your portfolio. Thanks to modern technology, you can easily begin investing on a mobile app. Whether you’re looking to invest with little money or want to level up your skills and knowledge, check out these five highly rated investing apps that are also beginner friendly.

1. SoFi Invest 

Good for beginners interested in crypto 

Rating: 4.8 out of 5 stars

With no fees or commissions on trades, SoFi Invest provides a low risk, user friendly platform for beginner investors. Users can get started with as little as one dollar with this app, and you’ll have access to a diverse investment selection of ETFs and stocks. For those interested in dipping their toe into crypto, you can even trade Bitcoin on the app for an added fee or redeem crypto from your rewards for free. 

2. Betterment 

Good for beginners with goal-oriented investments

Rating: 4.8 out of 5 stars

For those with investment goals, Betterment’s purpose driven portfolio strategies are right for you. Depending on your pricing plan, this app will do all the investing, trading, and rebalancing for you automatically. With relatively low annual fees set at 0.25% or 0.40% of your account balance, beginners can start investing and reaching their goals with absolutely no knowledge or experience. 

3. Charles Schwab 

Good for beginners who want control of their portfolio

Rating: 4.8 out of 5 stars

Not every beginner wants to be completely hands off when it comes to their money. If you prefer to take control of creating and diversifying your portfolio, Charles Schwab has all the resources you need to succeed. This app offers free research to help you make informed investments and let’s you use that knowledge to trade with zero fees or commissions. Since you’ll be calling all the shots, it’s wise to check out your projected investment profits with this calculator before you make a decision. 

4. Acorns 

Good for beginners with want to invest with little money

Rating: 4.7 out of 5 stars

For a lot of people who want to start investing, having enough funds to get started can be a big barrier to overcome. Acorns helps to break down this barrier using a micro investment model. With this app, you can round up everyday purchases that you make and use the spare change to begin investing. Pick from three different pricing plans depending on what you want to grow your money for and let the Acorns advisors do the work for you.

5. Stash 

Good for beginners who are lifelong learners 

Rating: 4.7 out of 5 stars

Investing is a world of information, and it’s not easy for beginners to know exactly where to start. The Stash app has a wealth of educational resources to teach you the basics and offers investing advice personalized to you. Depending on your chosen price plan, you can put your knowledge to work investing in fractional shares from well-known brands or you can invest in accounts for your children or retirement. 

With investing, time is money, so use one of these apps to start growing your money today! Remember that in addition to growing your money, there are plenty of apps out there to help you save money and find deals too. 

If you’re looking for other apps to fill your investing needs, check out the infographic below from Mint on the 10 best investing apps for beginners.

best-investing-apps



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