For beginners.. Learn about the 5 best global investment applications
There are many global applications and platforms for investors, and each application is distinguished from the other by some characteristics, such as lower commission, ease of use, or better investment products.
Publication of the “Businessinsider” website report It explains the 5 most important applications for beginners in the investment world. He emphasized that these applications offer low fees and access to various account types and investment products.
In the beginning, the investor must choose the application that suits his investment style, review the educational videos, and make sure that the application has strong customer service and achieves his investment goals.
1. Sophie platform (SoFi)
Sophie is one of the easiest apps to use. You can start investing with just $1, there are no commissions on trades and no account fees it is free to use.
The app selects and manages all your investments for you. The app includes stocks and ETFs listed by category, making it easy to browse potential investment opportunities.
The app does not contain the most in-depth investment research, but there is enough to start and direct your research outside the app. In addition to trading cryptocurrencies (for Bitcoin, Ethereum, Dogecoin and more than 27 other currencies), you can also access investment education articles from within the app.
As an added bonus outside of the app, Sophie offers free financial planning sessions to all members.
If you are a beginner and want to help create an investment strategy, then this app is the perfect place for you.
2. “Ali Invest” (Ally Invest)
Beginners often do well with simple and straightforward investment platforms.
The AliInvest platform offers an excellent mobile application. You can trade stocks and ETFs without commissions, you will pay a commission fee of $9.95 if you want to invest in mutual fund trades. There are no recurring fees or minimum balance requirements.
Additionally, the app has an automated advisor that can create a customized portfolio of ETFs for you.
You will only need a minimum of $100 to get started, and you will not pay any consulting fees. In short, the app has everything a novice investor might need.
3 TD Ameritrade (TD Ameritrade)
If you are new to the markets and planning to get into active trading, this app is a good place to start.
It does not charge any commissions on stock trades, and you can create multiple accounts that match your different investment styles and goals.
If your investment experience increases, you will be nominated for another platform “Think or Swim” (Thinkorswim), which is the first active trading platform. It has a lot of useful features for active traders, and there is a chat feature with a trading expert.
4. “Public” (Public)
When you are a beginner in the stock market, you may feel intimidated to research and choose stocks and other investments on your own.
Combining the features of social networks such as Facebook and Twitter with the features of traditional brokerage, this app makes the ideal investment app for beginners who are making their way in the markets.
You can learn from the portfolios of other experts by following their posts, you can create group chats with other users and participate in direct investment conversations. Additionally, you can invest in many cryptocurrencies, including Bitcoin, Dogecoin, and Ethereum.
This app is good for new investors or even seasoned investors who are looking to improve their investment strategy.
5 “Robin Hood” (Robinhood)
This app is owned by a leading brokerage without commission model.
It is a solid option for beginners, who can invest in stocks, ETFs and options without commissions. Typical stock and ETF investors will be able to use Robin Hood without any costs at all.
You can create a premium account with more features for a monthly fee starting from $5.
In addition, this platform offers commission-free cryptocurrency trading for many digital assets, among which are Bitcoin, Ethereum, Dogecoin and Litecoin.