Robinhood offers commission-free trading, making it perfect for beginners exploring stocks, ETFs, and cryptocurrencies. The app’s user-friendly interface and lack of fees make it a go-to choice.
Acorns rounds up everyday purchases and invests the spare change, making investing effortless. Beginners appreciate the automated approach, personalized portfolios, and educational content within the app.
3. Stash
Stash combines banking and investing, offering a range of ETFs and stocks. Its educational resources and low initial deposit are ideal for newcomers looking to learn as they invest.
4. Betterment
Betterment is a robo-advisor that customizes portfolios based on goals and risk tolerance. The automated approach and personalized recommendations are great for beginners seeking hands-off investing.
5. Wealthfront
Wealthfront automates portfolio management with personalized recommendations. With financial planning tools and no account minimums, it’s perfect for beginners eager for guided, long-term investing.
6. Fidelity Investments
Fidelity offers beginner-friendly tools, commission-free trades, and vast educational resources. Its robust app simplifies investing, while zero fees on certain accounts make it budget-friendly.
7. SoFi Invest
SoFi Invest offers commission-free trading with options for automated or active investing. The app’s additional financial planning tools are appealing for beginners building a holistic approach.
8. M1 Finance
M1 Finance combines robo-advising and self-directed investing, offering a flexible approach. The customizable “pie” investing feature appeals to beginners interested in personalized portfolios with low fees.
9. Public
Public lets users trade stocks and ETFs with social features. The unique community element allows beginners to learn from others, making investing more interactive and educational.
10. TD Ameritrade
TD Ameritrade offers commission-free trades with extensive research tools. Beginners benefit from the platform’s educational resources and the paper trading feature to practice without risk.