January 28, 2021

Best Stock Trading App for Beginners

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Investing in the stock market is one of the best ways to make money in the long term, but if you have never invested before, starting it can be complicated and stressful. There are dozens of trading apps and platforms that allow investors to invest cash in a wide variety of securities with little to no charge. With the increase in options, here are the best stock trading Apps for beginners.

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Acorns

Acorns are one of the best investment apps for beginners. If you don’t know exactly where to start, the acorn will be your saviour Once your bank account is linked, it will track your spending and pass your purchases to the nearest dollar. It is then transferred to your Acorns account for investment. You also have the option to transfer funds manually. Once a dollar has been added to your account, it will form a portfolio of stock and bond investments. The portfolio is based on a short questionnaire that you answer when you sign up.

 

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Stash

With Stash, you can start with an investment of as little as $ 5. On this app, you can come up with an investment plan that suits your personal goals or the companies in which you intend to invest. If you want to start learning how to start investing, you will find articles on stash extremely useful. The more you gain knowledge, the more you will be able to invest according to your interests. You can install it on Android devices, iOS and computer desktops.

 

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IIFL Markets

This stock market app won the award for being the best stock market mobile app by the Zee Business Awards. It was launched by India Infoline Limited and we are currently one of the top brokerage firms in India. You can get equity research reports, customize your watchlist, get price alerts, and so on. You can also request support directly from the app itself.

 

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Robinhood

The free stock trading app has seen a meteoric rise in popularity in recent years, with 6 million users accumulated in 2019 – and with good reason. Robinhood seems to be the darling of commission-free trading – with their free stock trading model as a fintech startup founded in 2013 by Baiju Bhatt and Vlad Tenev. Although there has been some speculation on how Robinhood makes money (given their free trading model), the app is very popular for its easy, free trading and variety of investment vehicles – including options and even That includes cryptocurrency.

 

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Stockpile

It is an extremely rare stock trading app that has the ability to provide small purchases with gift cards. The entire company is based on fractional shares and does not require large investments. The stockpile is designed primarily for new investors including children. The stockpile provides “fractional shares”, the minimum stock (instead of buying the entire share, users can buy it 0.10) and enables users to invest in household-named companies. To complete the process, the user must purchase a gift card and exchange it for stock.

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