Investing in the stock market for the first time might feel overwhelming. But there are a ton of free investment apps out there that can help you transition from an inexperienced first-time investor, to someone who knows where to put their money.
No matter what kind of investor you are — beginner or advanced, indexer or stock trader — you can find an app that will let you execute your strategy right from your pocket. Don’t have a strategy? No problem. There are apps that will even create one for you.
Robinhood is a free stock trading app that eliminates the standard $10 fee charged by big name brokers like ETrade or Charles Schwab, allowing you to buy and sell stocks with absolutely no commission fees. With the app, you can also access market data and quotes in real time, track your portfolio, and tell when markets open and close. Robinhood can also deposit your money directly into your bank account.
StockTwits is a microblogging social network, similar to Twitter, but monothematic: stock market investments. It touches on every theme involving the world of finance, though it doesn't have the versatility of other social networks.
It’s a simple enough idea: connect people who are interested in the market so they can comment, in real time, the changes that affect different products. Find out what is happening fast and get insight, updates, sentiment and analysis from thousands of real investors and traders.
Acorns - Invest Spare Change from Everyday Purchases into a Diversified Portfolio
Acorns allows you to invest your money quickly and efficiently. When you make an everyday purchase, such as a cup of coffee or a quick fill-up of gas, Acorns will round up your purchase to the next dollar and invest the spare change. Let’s say you bought a mocha frap for $3.69. Acorns will round up that purchase to $4 and will use those 31 cents to create an investment portfolio managed automatically by expert financial advisers.
The app uses a minimalistic UI, and is incredibly simple to set up. Acorns charges a low price of $1 a month if you invest under $5,000.
Bullboard - Investing Stock Tracker & Real Time Screener, Scanner for Investor
Bullboard is a Tinder-like app for people who are series about enhancing their stock market portfolio. This visually brilliant app is a great source for new trade ideas on the go. Set your screening criteria, then swipe through to skip or watch stocks. You can also get a quick snapshot of your existing portfolio, manage your watch lists, and keep track of your trading, all in this all-encompassing app for traders.
Another Tinder-style app: this time, The Unicorn App is designed to connect early-stage startup founders looking for funding with angel investors looking for their next investment opportunity. Beautifully slick, the app offers snappy introductions: founders fill out basic info accompanied by a recorded 15-second elevator pitch, while angels provide a brief bio including their top-three portfolio companies.
Openfolio is a social investment app that provides a space where you can observe the investment strategies of people you know and trust, while sharing your own. It boasts a community of 70,000+ real investors, all sharing their trading tips, stories and results.
The app anonymously compares your portfolio to investors with a similar profile, so you can get a good idea of how your investments are REALING doing, and give you benchmarks to aim for. Openfolio also integrates with Robinhood so you can trade straight from the app.
SparkFin helps you legally explore your options for buying, selling, and trading on the stock market. From there, you can look over the entire stock market, keep lists for your information, and even check out specialty categories. Access your stock’s key stats, alerts, key tidbits, and additional recommended stock lists directly from your own watchlist.
Cindicator: Test Your Trading, Forecasting and Investing Skills
Cindicator is a clever app that tests your forecasting skills, making your real money from correct financial predictions! Every day you receive 10-15 questions about stocks, futures or primary economic indicators. Predict the outcome and become among top 2% of the most successful forecasters to win the cash prize fund at the end of each month. It absolutely free to use and a great way to keep on top of real trends in the markets.
MSN Money is the mobile version of the old web portal that collects news and real-time stats so investors have the most information possible gathered in one spot. The MSN Money app follows the same idea: in one app you can find all the stock market information you could need - updated constantly - including news, economic advice, and other financial tools (like mortgage or personal finance calculators, currency converters, and others).
TradeHero is a stock exchange simulator, gamified and with a format similar to social networks. You can follow "Heroes," users who have the best (virtual) ROI on their investments. The objective is to become a hero of the market yourself, making the correct decisions in each moment. While you make trades, you can win medals that boost your final score.
Besides real-time stock market information that the apps offers, you can see economic news, format your finances with video tutorials, and follow investment decisions made by other users. TradeHero is perfect to lower the barrier for those who want to start in the world of finances.