If you’re a fan of seamless navigation and trading without paying commissions, Robinhood is the app for you. Whether you’re trading stocks, ETFs, options, or cryptocurrency, you can do it all with ease using the app’s user-friendly mobile interface, without incurring any commission fees.
Minimum Balance: $0
Fees: Zero fees for stock, ETF, options, and cryptocurrency trades
Why we love it:
The app’s search bar at the top of the screen allows you to access a stock’s page and view charts and key information.
The minimalistic design makes it simple to navigate and with time, you’ll effortlessly move from one screen to another while trading.
An aggregated news feed keeps you updated on the latest market happenings.
Placing a trade is effortless, simply enter the number of shares to buy or sell and swipe up.
Who is it for?: If you enjoy free trading of stocks (as well as ETFs, options, and cryptocurrency) and a quick and uncomplicated process.
There are a variety of apps available for investing, including the Vaycaychella app and the Westpac Online Investing app. Additionally, the Invest Lite app and the Wealth Basket Paytm app offer more straightforward investment options.
For those interested in cryptocurrency, the Trevor Lawrence cryptocurrency and Robinhood’s crypto day trading feature are popular choices, though it’s important to be aware of potential fraud investigations, like the SEC investigation into Robinhood.
There are also investment apps that focus on mutual funds, such as the Groww app, which was founded by Lalit Keshre, and the Best Mutual Fund app. The ANZ Share Trading platform and the SaxoInvestor app offer more comprehensive investment options, while the Citadel Hedge Fund and Robinhood Gold Day Trading are geared towards more advanced investors.
Other investment apps of note include the Prize Bond app, the Stash app (which can be managed through the app’s phone number), and the Robinhood account balance feature. And for those interested in real estate, the Kfinkart IPO and the Iris Investing app offer unique investment opportunities.