Investing and trading have never been so popular. One of the reasons for this is the accessibility that technology has provided. There are about a million apps to choose from, so here are the top four apps for investing.
It has never been easier to start investing. You can do everything online and get started by just downloading an app. These possibilities have made investing and trading extremely popular. For many, it’s a whole new world where you have to learn the rules from scratch. Something like forex trading for example has become so popular that there are many apps to choose from. Read up on forex trading and find a good online trading platform at Fxforex.com.
Here are four of the best apps for investing and trading.
eToro is an app for trading stocks and cryptocurrencies. It is a very popular social trading platform, where you can mimic trades of top-performing traders. It’s very simple to use, so it’s a great app for beginners. The possibility of copying trades makes it possible for new traders to build a portfolio and give them a chance of possibly making a little money. One of the key features of eToro is that the app offers detailed analysis and statistics if you’re interested in the details of the world of trading. It’s also possible to trade bitcoin and other cryptocurrencies.
Invstr is the perfect app for beginners. This is not a classic investing app, but mostly a game. It’s very good practice for beginners. At Invstr you play a fantasy stock game where you’re managing a $200 billion portfolio and you can learn about investors’ thoughts on investing. If you’d like to start investing, you can also buy shares in the app commission-free. Every new user receives $5 to get started investing.
Wealthfront is the best app if you’re looking for an app to manage your portfolio. It’s an independent robot-advisor that can manage your money using lost-cost ETFs. The app takes into account how risk-willing you are and the time range for your investments. All you need to do is deposit the money, and Wealthfront will add it to your portfolio and keep your account balanced. The fee is 0.25 percent annually which is standard for the industry.
Acorns is a great app if you don’t want to use your time on making investments. The app handles pretty much everything for you. You deposit some money, and the app uses this to make some investments into a few ETF portfolios. There’s a fee of $1-$5 monthly depending on how many features you’d like to gain access to.
There are so many apps to choose from depending on your level of skill, so you should browse the market to find the app that suits your specific needs. It depends on how much time and money you want to spend on this activity. So, if you are looking for more suggestions, here’s a list of the 15 best apps for investing.
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