Discover the top seven investment apps tailored for new investors, featuring user-friendly interfaces, educational tools, and low-cost entry points to help you start your investing journey.

In the digital age, investment apps have revolutionized the way newcomers approach investing, offering tools that simplify buying stocks, managing portfolios, and accessing financial markets.

These apps provide user-friendly interfaces, educational resources, and lower entry points in terms of cost and experience.

For those new to investing, selecting the right app is crucial.

This article outlines seven top investment apps that are ideal for new investors, detailing their features, benefits, and what makes them stand out in the crowded fintech space.

1. Robinhood

Robinhood is renowned for its user-friendly interface and commission-free trading of stocks, ETFs, options, and cryptocurrencies.

It is particularly appealing to new investors due to its minimalistic design and the absence of minimum account requirements.

Robinhood offers an easy entry point for beginners with its mobile-first approach, making it possible to trade at any time, anywhere.

However, it’s important for users to be aware of the potential risks involved in options and crypto trading, which can be more volatile and complex.

2. Acorns

Acorns is ideal for those who want to invest but struggle with saving. It features automatic round-ups on purchases, meaning it invests your spare change automatically.

The app also offers portfolio options crafted by experts, which are tailored to various risk tolerances and investment horizons.

With a small monthly fee, Acorns simplifies investing for beginners by making it almost invisible and integrating seamlessly into everyday spending habits.

3. Betterment

Betterment is one of the pioneers of robo-advising, offering automated ETF investing based on your risk tolerance and financial goals.

It is designed for hands-off investors who prefer to set and forget their investments.

Betterment provides tailored advice and automatic rebalancing, ensuring your portfolio stays aligned with your goals over time.

The app charges a relatively low management fee and provides tax-loss harvesting, which can help reduce your tax bill on investments.

4. Stash

Stash allows users to start investing with as little as $5. It stands out for its educational content and personalized guidance, making it suitable for beginners who need a bit more support as they start their investment journey.

Stash offers a variety of investment options, including single stocks and themed ETFs, which allow users to invest according to their values and interests.

The app also includes a budgeting tool and provides financial advice, helping users develop holistic financial habits.

5. Wealthfront

Wealthfront is another top robo-advisor that offers automated investment management and financial planning for minimal fees.

The app is known for its advanced software and range of features, including a free financial planning tool that helps users project their financial future across several scenarios.

Wealthfront also provides a cash account with an attractive interest rate, adding flexibility for investors to manage both their investments and cash reserves in one place.

6. E*TRADE

E*TRADE is well-suited for those who might want to graduate from beginner to active trader over time. It offers a combination of robust tools and professional guidance.

E*TRADE’s mobile app provides access to a range of investment choices, real-time quotes, interactive charts, and educational material.

The platform has no minimum investment for basic accounts and offers commission-free trades on stocks and ETFs.

7. SoFi Invest

SoFi Invest offers active investing with no commission fees on stocks and ETFs, as well as automated investing without an advisory fee.

The platform stands out for its community events and educational resources, making it a great choice for beginners who wish to grow their financial knowledge.

SoFi also uniquely allows users to invest in cryptocurrency and fractional shares, providing access to more expensive stocks at a lower price point.

Conclusion

These seven investment apps offer various features that cater to the needs of new investors.

Whether you are looking for a hands-off investing experience through a robo-advisor, educational resources to guide your trading decisions, or a platform that grows with your investment skills, there is an app on this list for you.

By choosing the right app, you can make informed decisions, diversify your investment portfolio, and take the first steps towards building your financial future.