For beginners and experts alike, the Charles Schwab app is an excellent choice. The app offers extensive research and education, ensuring that you get up to speed on investing without a lot of hassle. You can choose from a variety of account types, including IRAs, 529 college savings accounts, and robo-advisors. You can also benefit from commission-free trades.
Stockpile combines real-life investing with learning. It lets you receive virtual gift cards redeemable for stock and supports gifting stock through gift cards. Children can learn about the stock market through Stockpile, which makes it easy to gift stock and track minor accounts. The app also features mini-lessons, making it easy to get started with investing. Another newer commission-free investment platform is Webull, which offers great pricing and investment tools.
The Wealthbase app is another good option. It allows you to simulate investing and connects with social media accounts to let friends and family comment on your portfolio. Besides providing basic trading services, this app also has a simulation game that allows you to play with your friends and decide which stocks to invest in. Whether you’re a beginner or an experienced investor, Wealthbase is a great option.
Wealthbase invests small amounts in the stock market. Its Round-Ups feature automatically rounds up your purchases to the nearest dollar and invests the difference. It collects spare change until it reaches a certain threshold of $5. The money is then transferred into your Acorns Invest account. Acorns Invest also allows you to buy cryptocurrency with commission-free transactions. The average Acorns user invests $30 a month.