With progress not standing in one place and constantly moving, trading on-the-go has become something of another need that we have developed. And today we decided to look into the investing apps for your mobile phone which will allow you to always be able to invest/read/learn and as a result be even more successful.
Here are top 5 best apps for investors.
1. Robinhood.
Extensive list of the ETFs and stocks to trade allows you to always be in touch with the situation. It only takes a couple of taps for you to purchase the assets that you need and want. Even though the list of the securities might not be as extensive as you want, the app is constantly developing, as the team behind Robinhood has years of experience is stock trading.
Upgrading to Robinhood Gold gives their users the access to margin trading as well as extended hours trading as an addition to all of the other cool features of the app. Plus, there is no commission for their services.
2. Acorns.
Acorns is an app for those who have only now decided to start trading and have no idea what first steps they need to take as traders. Acorns does all of the investing and tops up your trading balance all by itself – from the purchases that you make with your credit card. Several dollars from each purchase and you have a perfectly balanced and toped-up account that you start trading with.
Robotic service of the app is going to buy and sell stocks for you based on your preference of the investment, that the AI determines upon a simple test, taken after registering in the app system. Basically, you do not need to do anything – perfect for beginners.
3. Stockpile.
An interesting app, the system of which allows you to trade and buy fractions of expensive shares for only 99 cents. You can create your portfolio and trade with only the minimal amount of investment in your account. What is really interesting is that due to the low cost of the asset you can trade together with you whole family as well as teach your kids about money in the form of a game.
Looking for an interesting way to spend Friday night with your family? Stockpile is for you.
4. TradeHero.
TradeHero is another app that would be perfect for beginners, but is used by traders of every range. In case you do not feel hungry for financial risk and do not want to risk real money, TradeHero gives you $100.000 of virtual money which you can use in order to trade real stocks.
Just a year ago TradeHero launched their LIVE app, that allows you trade with your real money just with the same system as the initial app. And here is where the risk lies – DO NOT confuse these two, because dips in the market can cost you real money and you are not going to be happy about it, that’s for sure.
5. TD Ameritrade.
Voted and deemed the best app for stock traders, Ameritrade certainly has everything a trader is going to need. First of all, no functionality was lost along the way of transferring your trading account from your desktop computer to your iOS or Android phone.
Ameritrade is going to be suitable for beginners and for the pros. Fully customizable and super powerful, this app can help you trade, teach you, give you hints as so on… solid for those who do not want to be left alone with the markets.
Although suitable for beginners, Ameritrade is better when used by pros.