Robinhood is an app for free-trading that lets the investor’s trade in stocks, exchange funds that are traded and crypto currency without paying any commission or fees.
There are many who have got vexed at the Robinhood app for restricting the ‘memestocks’ trading unexpectedly last week and are on the lookout for alternative apps probably with more features.
Here is a list of few of these apps.
The stockbrokers consider ‘Fidelty’ as one of the best options for investors. There is no account minimum or any type of fees. This app offers more than trading. You have the choice of investing for retirement also. Clients are offered wealth management advice and tools for market analysis if you need to make your own decision for the stock. Fidelty has ‘Active Trader Pro’ for those experienced in the stock market. You can watch the market in real time.
This app can be downloaded from the Apple App Store for iOS and from the Google Play Store for the Android.
Investors new and old can benefit from this TD Ameritrade app. This was proclaimed as one of the best trading platform by NerdWallet, StockBrokers and The Motley Fool. There are no account minimums or any fees. You have multiple options for investment, like bonds, stocks, margins, options and a lot more.
TD Ameritrade offers analytical tools and also has a platform for educating its users. This includes videos, articles, immersive courses and ‘in-person’ events.
The TD Ameritrade can be downloaded from the Apple App Store of the iOS and from the Google Play Store for Android.
Acorns works perfect for those who have just started on trading. This app does cost according to the plan you choose. This offers more than investing. If you need the app only for investing, this costs only $1 per month. This is considered to be a holistic app and offers checking accounts and retirement.
This app lets you invest change into stocks. When you link your credit or debit card, this app rounds up the purchases and puts into stocks the differences. The website and also the app provide you the required educational information.
You can download this app from the Apple Play Store for the iOS and from the Google Play Store for Androids.
Betterment app is similar to acorn and offers you more than only stocks. This app lets you set up checking and retirement accounts. This app also syncs you with the other accounts. Betterment has zero minimum but a 0.25% fee of annual management. This also has an annual fee of 0.4%. This app works well for those looking for ‘hands-off’ investing as this app offers robo-advisors for handling your portfolio.
For iOS you can download this app from the Apple App Store and for Android, you can download this app from the Google Play Store.
Investment apps are simple to use and work out cheaper if you compare these to the price paid to financial advisors.