Investment apps allow users to make trades and keep track of their investments from their smartphone. The best invest app for beginners should offer a low minimum investment and comprehensive learning tools, as well as provide a safe place to store their money (many of the options are FDIC insured against loss). The top-rated apps should also adhere to high security standards, using industry-standard two-factor authentication, hashing of passwords and encryption of personal information.

Beginners can find the best apps for day trading uk for them by considering their investing style. Investors who prefer a hands-off approach may opt for automated robo-advisors, while others want to research individual stocks and ETFs or choose alternative assets like art and sneakers with commission-free investing on Public. Some options, such as SoFi Invest and Stash, allow users to invest in any amount of shares starting at $1 for micro-investing.

Investing Made Easy: Exploring the Top Investment Apps

Other apps, such as Invstr and Acorns, focus on getting beginners into investing. Invstr offers a virtual stock market sandbox with interactive trading, educational tools and real-time news feeds; Acorns charges $3 per month to automatically invest spare change through transaction roundups and provides retirement account savings perks.

Investing apps should also support a wide range of asset classes, allowing users to diversify their portfolios with shares of companies that do not fit into traditional categories. Acorns, for instance, is popular among investors because it allows them to invest in a broad range of low-cost funds and ETFs. Other apps, such as Public, are designed for Millennial and Gen-Z investors and offer a social aspect that lets users follow the portfolios of other users, interact with them through live “Town Hall” meetings and share their own experiences with investing.