Top 10 Must-Have Apps for Investing in the Stock Market in 2021 - A Comprehensive Guide

Discover the top investment apps for stock market trading in 2021. Maximize your returns with these user-friendly and reliable platforms.

If you're looking to invest in the stock market, whether you're a beginner or an experienced trader, using apps can be a great way to stay on top of your investments. With so many options out there, it can be overwhelming to choose the right one. That's why we've compiled a list of the best apps to invest in the stock market in 2021. From user-friendly interfaces to cutting-edge technology, these apps offer a range of features to help you make informed investment decisions.

First up on our list is Robinhood, a popular app that's gained a lot of attention in recent years. Robinhood offers commission-free trading for stocks, ETFs, and options, making it a great choice for those who want to save on fees. The app also provides real-time market data and news, as well as a customizable watchlist to keep track of your favorite stocks.

Another app that's been gaining popularity is Acorns. Unlike other apps that allow you to trade individual stocks, Acorns works by rounding up your purchases to the nearest dollar and investing the spare change in a diversified portfolio of ETFs. This makes it a great option for beginners who may not have a lot of money to invest initially. The app also offers educational resources to help users learn more about investing.

For those who want a more hands-on approach to investing, TD Ameritrade's thinkorswim app is a great choice. The app offers advanced charting tools and technical indicators, as well as access to a wide range of research and analysis tools. It also allows for paper trading, which is a great way to practice your investment strategies without risking real money.

If you're interested in socially responsible investing, the Stash app might be the right choice for you. Stash allows you to invest in companies that align with your values, such as clean energy or gender equality. The app also offers personalized investment recommendations and educational resources to help you make informed decisions.

For those who want to invest in cryptocurrency, Coinbase is a popular option. The app allows you to buy and sell a range of cryptocurrencies, including Bitcoin and Ethereum. It also offers real-time market data and news, as well as a mobile wallet to store your digital assets.

If you're looking for an app that offers a wide range of investment options, Fidelity might be the right choice for you. The app allows you to invest in stocks, ETFs, mutual funds, and more. It also offers research and analysis tools to help you make informed decisions, as well as educational resources to help you learn more about investing.

For those who want to invest in international markets, the eToro app is a great choice. The app allows you to invest in stocks, ETFs, and cryptocurrencies from around the world. It also offers a social trading feature, which allows you to follow and copy the trades of successful investors.

If you're interested in automated investing, Betterment might be the right choice for you. The app uses algorithms to create a diversified portfolio based on your goals and risk tolerance. It also offers tax-efficient investing strategies to help you save money on taxes.

Another app that offers automated investing is Wealthfront. The app uses a similar algorithmic approach to create a diversified portfolio, but also offers additional features such as 529 college savings plans and cash management accounts.

Finally, for those who want to invest in fractional shares, Stockpile is a great option. The app allows you to buy and sell fractional shares of over 1,000 stocks and ETFs. It also offers gift cards, which make it a great option for young investors or those looking to give the gift of investing.

In conclusion, there are many great apps to invest in the stock market in 2021. Whether you're a beginner or an experienced trader, there's an app out there that can help you achieve your investment goals. From commission-free trading to advanced charting tools, these apps offer a range of features to suit every investor's needs. So why not give one (or more) a try and see how they can help you on your investment journey?

The best apps to invest in the stock market 2021

Introduction

Robinhood

Acorns

Stash

E*TRADE

Fidelity

TD Ameritrade

Ally Invest

Schwab

SoFi Invest

Wealthfront

Conclusion

Investing in the Stock Market

Investing in the stock market has been a popular way to grow wealth for decades. It involves buying shares of stocks in publicly traded companies and profiting from their price increases or dividends. The stock market can be a lucrative investment option, but it can also be risky. To be successful in the stock market, one needs knowledge, experience, and a good investment strategy.

Thanks to technology, investing in the stock market has become more accessible and affordable for everyone. With just a few clicks on your smartphone, you can open a brokerage account, buy and sell stocks, and monitor your portfolio’s performance. In this article, we’ll discuss the best apps to invest in the stock market in 2021 and how technology has revolutionized stock market investing.

How Technology Has Revolutionized Stock Market Investing

The rise of the internet and mobile devices has made stock market investing more accessible and convenient than ever before. In the past, investing in the stock market was a complicated process that required a lot of paperwork, phone calls, and visits to a broker. Today, all you need is a smartphone and an app to start investing.

Apps have simplified the entire process of stock market investing. They allow you to open a brokerage account, fund it, and start trading within minutes. You can also access real-time market data, news, and research reports to make informed investment decisions. Some apps even offer automated investment services that help you build a diversified portfolio without any effort.

Moreover, technology has made stock market investing more affordable. Many apps offer commission-free trading, which means you don’t have to pay any fees or commissions for buying or selling stocks. This lowers the barrier to entry for new investors and makes it easier for them to start investing with small amounts of money.

Top Features to Look for in a Stock Market Investing App

When choosing a stock market investing app, there are several features that you should look for:

User-friendly interface

The app should have an intuitive and easy-to-use interface that allows you to navigate and trade without any confusion.

Real-time market data

The app should provide real-time market data, including stock prices, charts, news, and research reports. This helps you make informed investment decisions.

Commission-free trading

The app should offer commission-free trading, which saves you money on fees and commissions.

Diversification options

The app should offer a wide range of investment options, including stocks, bonds, ETFs, and mutual funds. This allows you to build a diversified portfolio that reduces your risk exposure.

Automated investment services

The app should offer automated investment services, such as robo-advisors or portfolio builders, that help you invest without any effort.

Credibility and security

The app should be backed by a credible financial institution and have robust security measures to protect your personal and financial information.

Robinhood: The Popular App for Commission-free Trading

Robinhood is one of the most popular stock market investing apps, known for its commission-free trading and user-friendly interface. It was launched in 2013 and has since gained millions of users who appreciate its simplicity and affordability.

One of Robinhood’s standout features is its commission-free trading. You can buy and sell stocks, options, and cryptocurrencies without paying any fees or commissions. This makes it an attractive option for new investors who want to start investing with small amounts of money.

Robinhood also offers a user-friendly interface that allows you to navigate and trade with ease. Its app is well-designed and has all the essential features, including real-time market data, news, and research reports. You can also set up custom alerts to keep track of your investments’ performance.

However, Robinhood has been criticized for its limited investment options and lack of advanced trading tools. It only offers stocks, options, and cryptocurrencies, which may not be enough for experienced investors who want to diversify their portfolios. Additionally, it doesn’t offer any retirement accounts, such as IRAs or 401(k)s.

Acorns: The App That Helps You Invest Your Spare Change

Acorns is a unique stock market investing app that helps you invest your spare change. It was launched in 2014 and has since gained popularity among millennials who want to save and invest without thinking about it.

Acorns works by rounding up your purchases to the nearest dollar and investing the difference in a diversified portfolio of ETFs. For example, if you buy a coffee for $3.50, Acorns will round it up to $4 and invest the extra $0.50 in your portfolio. This way, you can invest without even noticing it.

Acorns also offers other investment options, including one-time or recurring deposits, IRA accounts, and socially responsible portfolios. Its app is user-friendly and offers real-time market data, news, and educational content to help you make informed investment decisions.

However, Acorns has been criticized for its high fees compared to other stock market investing apps. It charges a monthly fee of $1 to $5, depending on the plan you choose, which may eat up your returns if you’re investing small amounts of money. Additionally, it doesn’t offer as many investment options or advanced trading tools as other apps.

Stash: The App That Simplifies Stock Market Investing

Stash is another stock market investing app that simplifies the investing process for beginners. It was launched in 2015 and has since gained popularity for its user-friendly interface and educational content.

Stash works by allowing you to invest in fractional shares of stocks and ETFs with as little as $5. This way, you can build a diversified portfolio without needing a lot of money upfront. Stash also offers pre-built investment portfolios based on your interests, goals, and risk tolerance.

Stash’s app is well-designed and easy to use. It offers real-time market data, news, and educational content to help you learn about investing and make informed decisions. You can also set up automatic investments or recurring deposits to keep investing without thinking about it.

However, Stash has been criticized for its high fees compared to other stock market investing apps. It charges a monthly fee of $1 to $9, depending on the plan you choose, which may eat up your returns if you’re investing small amounts of money. Additionally, it doesn’t offer as many investment options or advanced trading tools as other apps.

TD Ameritrade: The App for Advanced Traders

TD Ameritrade is a stock market investing app that caters to experienced traders who want advanced features and tools. It was launched in 1975 and has since become one of the largest brokerage firms in the US.

TD Ameritrade offers a wide range of investment options, including stocks, bonds, options, futures, ETFs, mutual funds, and forex. It also offers advanced trading tools, such as thinkorswim, which allows you to analyze market data, create custom indicators, and test strategies.

TD Ameritrade’s app is well-designed and offers real-time market data, news, and research reports. It also offers educational content, webinars, and a community forum where you can interact with other traders. Additionally, TD Ameritrade offers retirement accounts, such as IRAs and 401(k)s, and a cash management account that earns interest and provides FDIC insurance.

However, TD Ameritrade has higher fees compared to other stock market investing apps. It charges $0 for stocks and ETFs, but options and mutual funds have fees. Additionally, it may not be the best option for new investors who don’t need advanced features or want to invest small amounts of money.

E-Trade: The App for Diversified Investments

E-Trade is a stock market investing app that offers a wide range of investment options and tools. It was launched in 1982 and has since become one of the largest brokerage firms in the US.

E-Trade offers a variety of investment options, including stocks, bonds, options, futures, ETFs, mutual funds, and forex. It also offers advanced trading tools, such as E-Trade Pro, which allows you to customize your trading platform and execute complex trades.

E-Trade’s app is user-friendly and offers real-time market data, news, and research reports. It also offers educational content, webinars, and a community forum where you can interact with other investors. Additionally, E-Trade offers retirement accounts, such as IRAs and 401(k)s, and a cash management account that earns interest and provides FDIC insurance.

However, E-Trade has higher fees compared to other stock market investing apps. It charges $0 for stocks and ETFs, but options and mutual funds have fees. Additionally, it may not be the best option for new investors who don’t need advanced features or want to invest small amounts of money.

Fidelity: The App for Comprehensive Financial Planning

Fidelity is a stock market investing app that offers comprehensive financial planning services. It was launched in 1946 and has since become one of the largest brokerage firms in the US.

Fidelity offers a wide range of investment options, including stocks, bonds, options, ETFs, mutual funds, and annuities. It also offers advanced trading tools, such as Active Trader Pro, which allows you to analyze market data, create custom indicators, and test strategies.

Fidelity’s app is well-designed and offers real-time market data, news, and research reports. It also offers educational content, webinars, and a community forum where you can interact with other investors. Additionally, Fidelity offers retirement accounts, such as IRAs and 401(k)s, and a cash management account that earns interest and provides FDIC insurance.

What sets Fidelity apart from other stock market investing apps is its comprehensive financial planning services. It offers personalized financial advice, retirement planning, estate planning, tax planning, and more. Its advisors can help you create a customized investment strategy that aligns with your goals and risk tolerance.

However, Fidelity has higher fees compared to other stock market investing apps. It charges $0 for stocks and ETFs, but options and mutual funds have fees. Additionally, its comprehensive financial planning services may not be necessary for all investors.

Choosing the Right Stock Market Investing App for You

When choosing a stock market investing app, it’s essential to consider your investment goals, experience, and budget. Each app has its strengths and weaknesses, and what works for one person may not work for another.

If you’re a new investor who wants to start with small amounts of money, Robinhood, Acorns, and Stash are good options. They offer commission-free trading, automated investment services, and user-friendly interfaces. However, they may have higher fees and limited investment options compared to other apps.

If you’re an experienced trader who wants advanced features and tools, TD Ameritrade and E-Trade are good options. They offer a wide range of investment options, advanced trading tools, and retirement accounts. However, they may have higher fees and may not be the best option for new investors.

If you want comprehensive financial planning services, Fidelity is a good choice. It offers personalized financial advice, retirement planning, and tax planning. However, it may have higher fees and may not be necessary for all investors.

In conclusion, stock market investing apps have revolutionized the way we invest in the stock market. They have made investing more accessible, affordable, and convenient for everyone. By considering the top features and choosing the right app for your needs, you can start growing your wealth and achieving your financial goals.

The Best Apps to Invest in the Stock Market 2021

Point of View

Pros and Cons of the Best Apps to Invest in the Stock Market 2021

Like any other investment, investing in the stock market has its pros and cons. Here are some pros and cons of using the best apps to invest in the stock market in 2021:

Pros

1. Convenience: Investing in the stock market through a mobile app saves time and provides the convenience of investing from anywhere and at any time.

2. Low fees: Many of the best apps to invest in the stock market charge low fees, making it affordable for everyone to invest.

3. User-friendly interface: The best apps to invest in the stock market have a user-friendly interface that makes investing easy even for beginners.

Cons

1. Risk: Investing in the stock market carries risk, and there is always a possibility of losing money.

2. Limited research: Some apps may not provide enough research and analysis tools to make informed investment decisions.

3. Market volatility: The stock market is volatile, and prices can fluctuate dramatically in a short period, leading to potential losses.

Table Comparison of the Best Apps to Invest in the Stock Market 2021

Here is a table comparison of the best apps to invest in the stock market in 2021:

As you can see, each app has its own pros and cons, and it's up to you to decide which one works best for your investment goals and preferences.

The Best Apps to Invest in the Stock Market 2021: A Comprehensive Guide

Thank you for taking the time to read this comprehensive guide on the best apps to invest in the stock market. We hope that this article has provided you with valuable insights on how you can use technology to make informed investment decisions and grow your wealth.

Investing in the stock market can be intimidating, especially if you are just starting. However, with the right tools and resources, you can easily navigate the complex world of investments and build a solid portfolio that aligns with your financial goals. That’s where these apps come in.

We have reviewed and tested some of the most popular investment apps available in the market today to help you find the ones that suit your needs. Whether you are a seasoned investor or a beginner, there is an app out there that can help you achieve your financial objectives.

One of the key benefits of using investment apps is that they offer a convenient and user-friendly platform to manage your investments. With just a few taps on your smartphone, you can buy and sell stocks, monitor your portfolio performance, and access real-time market data.

In addition, many investment apps offer features like automatic savings plans, personalized investment recommendations, and educational resources to help you make informed decisions. These tools can be particularly helpful for novice investors who may not have the time or expertise to research and analyze stocks on their own.

Another advantage of using investment apps is that they often come with lower fees compared to traditional financial advisors or brokers. This can translate into significant cost savings over time, especially if you are investing smaller amounts.

However, it is important to note that investing always carries some degree of risk. While these apps can provide valuable guidance and support, it is ultimately up to you to choose the investments that align with your risk tolerance and financial goals.

So, which apps made it to our list of the best ones to invest in the stock market?

First on our list is Robinhood, a popular commission-free trading app that allows you to buy and sell stocks, options, ETFs, and cryptocurrencies. With its easy-to-use interface and no account minimums, Robinhood is a great choice for beginners who are looking to dip their toes into the world of investing.

Next up is Acorns, an innovative app that helps you save and invest your spare change. With Acorns, you can link your debit or credit card to the app, and it will round up your purchases to the nearest dollar and invest the difference. This is a great way to start investing without even realizing it.

If you are looking for a more hands-off approach to investing, then Betterment might be the right app for you. Betterment offers personalized investment portfolios based on your goals and risk tolerance and uses advanced algorithms to optimize your investments and minimize taxes. With its low fees and user-friendly platform, Betterment is an excellent choice for both novice and experienced investors alike.

For those interested in socially responsible investing, there’s Stash. Stash offers a wide range of investment options that focus on themes like green energy, gender equality, and social justice. With its user-friendly interface and educational resources, Stash is a great app for socially conscious investors who want to make a positive impact with their investments.

Other notable investment apps worth checking out include TD Ameritrade, Charles Schwab, and E*TRADE. These apps offer a range of features, including advanced trading tools, research and analysis, and retirement planning resources.

In conclusion, investing in the stock market can be a daunting task, but with the right tools and resources, it can also be a rewarding one. By using these investment apps, you can take control of your finances and build a solid portfolio that aligns with your goals and values.

Remember, investing always carries some degree of risk, so it’s important to do your research and choose investments that align with your risk tolerance and financial objectives. With the help of these apps, you can make informed decisions and grow your wealth over time.

Thank you for reading, and we wish you all the best in your investment journey!

The Best Apps to Invest in the Stock Market 2021: People Also Ask

What are the best apps to invest in the stock market?

There are several apps available for investing in the stock market. Some of the best apps include:

1. Robinhood - Allows you to buy and sell stocks, ETFs, options, and cryptocurrency with no commission fees.
2. Acorns - Automatically invests your spare change from everyday purchases into a diversified portfolio.
3. Stash - Allows you to invest in stocks and ETFs with as little as $5 and provides educational content to help you make informed decisions.
4. E*TRADE - Offers a wide range of investment options including stocks, bonds, ETFs, mutual funds and futures trading.

Are these apps safe to use?

Yes, these apps are safe to use. However, it is important to research and understand the risks associated with investing before making any decisions. Additionally, it is recommended to use strong passwords and enable two-factor authentication to protect your account.

Can I make money with these apps?

Yes, it is possible to make money with these apps. However, investing always carries risks and there is no guarantee of profit. It is important to do your own research and make informed decisions based on your individual financial goals and risk tolerance.

Are there any fees associated with these apps?

Some of these apps may charge fees for certain transactions or services. For example, Robinhood charges fees for margin trading and some other premium features. It is important to read the app's terms and conditions carefully before using it to understand any potential fees.

Can I use these apps to invest in international stocks?

Some of these apps may offer the ability to invest in international stocks. E*TRADE, for example, offers access to over 25 international markets. However, it is important to research and understand any potential fees or restrictions associated with investing in international stocks.