Investing apps make it easier for people to buy and sell assets like stocks, ETFs, mutual funds, cryptocurrencies, and options. They often have lower fees and commissions than traditional stockbrokers. They also usually feature a user-friendly mobile platform and reliable customer support. They may also offer educational content, such as information blog posts and explainers, that are tailored to their users. Many platforms also allow you to buy slices of stocks, which allows you to get started without having a lot of money.

The best investing platforms are geared toward beginners who want to get started with investing and develop long-term investment strategies. They have simple, intuitive trading platforms and a variety of investment account types, including retirement accounts. They also provide access to low-cost exchange-traded funds (ETFs) and robo-advisors. They offer a range of deposit and withdrawal methods, such as electronic ACH transfers.

Canadian Investment Apps: Where to Grow Your Wealth

Investors who have limited funds might prefer a broker that offers a free account and no-fee trades on certain asset classes, such as TD Ameritrade. Its app is easy to use and includes a range of research tools, including historical charts and live news. It also has a built-in option analyzer and a charting tool that lets you draw technical patterns, such as Fibonacci retracement levels or Gann indicators. Other brokers, such as Robinhood, focus on keeping costs low by offering commission-free stock, options, and ETF trades. They also offer a savings account that earns high interest on uninvested cash.