It’s not hard to tell nowadays that we live in an app-based world. These days you can play games, pay a bill, and even calculate your tax refund from your smartphone. The same can be said for investing too. Investment apps are becoming more accessible to many people. When you talk about investment applications, they are mobile applications invented for both beginners and experienced investors. With these apps, you can manage your investments in the socket or financial markets.
A lot of investment apps are already user-friendly, which means that even inexperienced investors can use them. However, because there are already abundant investment apps, it is risky to trust any app you can find.
The worst thing that could happen to you is getting scammed. But don’t worry! You can have a safe experience in investing. We have compiled all the five best and reliable investment apps that you can try in 2020 for both inexperienced and experienced investors:
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Betterment
An excellent investment app you can try is Betterment. With their app, you can save a lot of taxes compared to other investment apps which require a large amount of taxes. Another benefit you can have in using their investment app is that beginners can invest in a small value and begin their pace until they have reached their goal.
Another feature that they have is built-in advice or guidance to help you reach your financial goals. The investment app is available on both Android and iOS. Users are also welcome to avail of their premium portfolio, but you have to gather at least 100,000 USD in your account.
E-Trade
If you are looking for investment apps where you can have a lot of perks and options, E-trade is a good option. You will not be asked for commissions to be a part of the online trading in ETFs, stocks, or mutual funds. You will also be able to access different kinds of market analyses and news, such as CNBC and Morningstar.
E-Trade allows you to manage your notifications and other things to have updates on the necessary stuff. You can also avail of their automated robot advisor, but you have to make sure that you have at least 500 USD with a 0.3% fee. You can install E-Trade in both Android and iPhone devices.
Robin Hood
What most people want, especially the newbies is that they want a hassle-free investment app where they can invest and trade without having to pay for commission. They have services wherein you can avail of their cryptocurrency trades, ETF, and other stocks for free.
One of the features of this app is that they have a search box to look for a stock page quickly. If you deposit at least 1,000 USD, you can begin trading and deliver it as soon as possible. You can download the investment app in both Google Play Store and App Store.
Stockpile
If you are looking for outstanding investment apps where they only require you to pay 99 cents each trade transaction, then Stockpile is excellent. Stockpile allows its users to give their stock to someone else. That is the reason why this investment app is friendly to everyone.
You can even let your children buy stocks at a young age with this investment app. The good news is that you will not be required to sign up for an account if you want to send a gift card to a friend. This app is also available on both iOS and Android devices.
Fidelity
For investors looking for an investment app where they can invest for the long-term or until their retirement, Fidelity is a good investment app for you. Fidelity offers excellent services where you can avail of its high-end materials for a specific subject.
They also do not ask their clients commission fees on ETFs, stocks, and options trades, which have at least 65% each contract. They also do not require people a minimum deposit. Just like any other app, you can install this investment app in both Google Play Store and App Store.
Takeaway
Back then, it was challenging to be part of the investment world because there was limited information and less navigation to this kind of thing. Luckily, there are already a bunch of applications for investments that are reliable and trusted. It is also up to you whether you want to invest little by little all go all in.
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