Best Free Stock Trading App for Beginners
Are you looking for the best free stock trading app for beginners? If so, you've come to the right place. In this article, we'll take a look at some of the top options available to new investors.
Robinhood
Robinhood is one of the most popular free trading apps available today. It allows users to buy and sell stocks, options, and cryptocurrencies without paying any commissions or fees. This app is perfect for beginners because of its simple user interface and easy-to-use features.
Robinhood also offers a wide range of investment options, including fractional shares, which allows users to invest in companies they might not be able to afford otherwise. Additionally, the app offers a wealth of educational resources, including articles and podcasts, to help users learn more about the stock market.
Acorns
Acorns is another popular free trading app for beginners. Unlike Robinhood, which allows users to buy and sell individual stocks, Acorns is focused on automated investing. The app rounds up your purchases to the nearest dollar and invests the difference in a portfolio of exchange-traded funds (ETFs).
Acorns also offers a range of account options, including individual brokerage accounts, IRAs, and custodial accounts for kids. The app charges a monthly fee of $1, $3, or $5, depending on the account type, but it's free for college students with a valid .edu email address.
Stash
Stash is another popular free trading app that's perfect for beginners. Like Acorns, Stash is focused on automated investing, but it also allows users to buy and sell individual stocks and ETFs.
Stash offers a range of investment options, including pre-built portfolios based on themes like clean energy, technology, and healthcare. The app also offers a range of educational resources, including articles, videos, and a weekly newsletter.
M1 Finance
M1 Finance is a free trading app that's perfect for beginners who want to build a customized portfolio. The app allows users to create a portfolio of stocks and ETFs and automatically rebalances it based on their goals and risk tolerance.
M1 Finance also offers a range of investment options, including individual stocks, ETFs, and pre-built portfolios based on themes like technology, healthcare, and real estate. The app charges no commissions or fees, and users can invest in fractional shares.
TD Ameritrade
TD Ameritrade is a popular online brokerage that offers a free trading app for beginners. The app allows users to buy and sell individual stocks, ETFs, and options, as well as access a range of educational resources.
TD Ameritrade charges no commissions or fees for online stock, ETF, and options trades, and users can invest in fractional shares. The app also offers a range of research tools and analysis, including real-time market data and news.
Conclusion
When it comes to finding the best free stock trading app for beginners, there are a lot of options to choose from. Each of the apps we've discussed in this article offers a unique set of features and benefits. Whether you're interested in automated investing or buying and selling individual stocks and ETFs, there's an app out there that's perfect for you.
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