10 Best New Investing Apps for Beginners in 2023

Investing your money can be a great way to grow your wealth and secure your financial future. With the rise of technology, it’s now easier than ever for beginners to get started with investing. With the vast array of options available, choosing the right investing app can be overwhelming.

That’s why we’ve put together a list of the top 10 investing apps for beginners in 2023.

These apps are user-friendly, affordable, and offer a wide range of investment options, making them the perfect starting point for anyone looking to take control of their finances and start building their investment portfolio.

So, whether you’re a seasoned investor or just getting started, read on to find the right investing app for you!

What are investing apps?

Investing apps are mobile or web-based applications that provide a platform for individuals to invest in securities such as stocks, bonds, and mutual funds.

These apps often have features such as the ability to buy and sell investments, monitor portfolio performance, and receive market news and analysis. Some popular examples of investing apps include Robinhood, Acorns, and Stash.

Read about: What Are The Types Of Online Investment You Can Do In 2023?

10 Best New Investing Apps for Beginners in 2023

These apps can be divided into 2 categories:

• Investment platforms
• Robo-advisors

Top Investment Platforms in 2023:

Fidelity

Usability: Comprehensive investment platform offering a range of investment options such as stocks, bonds, mutual funds, and ETFs.

Ease of Interface: User-friendly interface with a range of research tools and resources to help investors make informed decisions.

Mobile App: Mobile app available for on-the-go investing and tracking.

Customer Support: 24/7 customer support.

E-Trade

Usability: A platform for trading stocks, options, futures, and more.

Ease of Interface: User-friendly interface with investment advice and research tools.

Mobile App: Mobile app available for convenient trading.

Customer Support: Not specified.

TD Ameritrade Investment App

Usability: An investment platform offering options including stocks, options, ETFs, and more.

Ease of Interface: User-friendly interface with research tools and resources to help investors make informed decisions.

Mobile App: Mobile app available for on-the-go investing and tracking.

Customer Support: 24/7 customer support.

Robinhood

Usability: Commission-free trading platform for stocks, options, and ETFs.

Ease of Interface: Simple and user-friendly interface with instant deposits and trades.

Mobile App: Mobile app available for convenient trading.

Customer Support: Not specified.

Ally Invest

Usability: Commission-free trading platform offering options including stocks, options, and ETFs.

Ease of Interface: User-friendly interface with robust research tools and resources.

Mobile App: Mobile app available for on-the-go investing and tracking.

Customer Support: 24/7 customer support.

Top Robo-Advisors in 2023:

SoFi Invest

Usability: Automated investment management platform with a focus on socially responsible investing.

Ease of Interface: Personalised portfolio recommendations based on investor goals and risk tolerance, a range of investment options including stocks, ETFs, and cryptocurrencies.

Mobile App: Mobile app available for convenient investment tracking and management.

Customer Support: Not specified.

Acorns

Usability: An investment app that invests spare change from purchases made with linked debit or credit cards.

Ease of Interface: Simple and user-friendly with a focus on micro-investing.

Mobile App: Mobile app available for convenient investment management and tracking.

Customer Support: Not specified.

Betterment

Usability: An automated investment management platform offering a range of investment options and personalised portfolio recommendations.
Ease of Interface: User-friendly with a focus on goal-based investing.

Mobile App: Mobile app available for convenient investment tracking and management.

Customer Support: 24/7 customer support.

M1 Finance

Usability: An investment platform offering a range of investment options including stocks, ETFs, and mutual funds.

Ease of Interface: User-friendly with customisable portfolios and automated investing.

Mobile App: Mobile app available for convenient investment tracking and management.

Customer Support: Available via email, phone, and live chat.

Stash

Usability: An investment app that makes it easy for beginners to start investing with a range of options including stocks, ETFs, and bonds.

Ease of Interface: User-friendly with personalised investment advice and a focus on financial education.

Mobile App: Mobile app available for convenient investment tracking and management.

Customer Support: Available via email and in-app chat.

FAQs

What makes these 10 investing apps different from each other?

Each app offers a unique approach to investment, with a range of options to suit different needs and preferences. Some, like Robinhood and TD Ameritrade, focus on providing a platform for stock trading, while others like Acorns and Betterment offer automatic investment options for those who prefer hands-off investing.

Also read: 6 Principles to Getting an easy start to investing early

What are the fees associated with these apps?

The fees associated with each app can vary, so it’s important to review the fees and charges before signing up. Some apps, like Robinhood, offer commission-free trading, while others may charge an annual fee or fees for certain services.

Is it safe to invest through these apps?

The security and protection of your investments are a top priority for all of these apps. They employ strict security measures to protect your personal information and investments, and are registered with regulatory bodies such as the SEC or FINRA.

Can I invest with a small amount of money?

Absolutely! One of the great things about these new investing apps is that they offer low barriers to entry, making it easier for people with limited funds to get started. For example, apps like Acorns allow you to invest spare change automatically.

Read here: How is Smallcase Investing Good for Beginners?

Do these apps offer investment advice and guidance?

Some of these apps offer investment advice and guidance to help you make informed decisions. For example, Betterment provides personalised investment portfolios and M1 Finance offers a range of pre-built portfolios to choose from.

Can I trade stocks in real-time through these apps?

Yes, many of these apps offer real-time trading capabilities. For example, TD Ameritrade and Robinhood both allow you to trade stocks in real-time on their platforms.

Also checkout: Top 7 Best Reliable Stock Trading Apps for 2022

Conclusion

Overall, the landscape of investing has shifted dramatically in recent years with the rise of these 10 new investing apps. Each app offers a unique approach to investment and provides a range of options to suit a variety of needs and preferences. With the rise of these new investing apps, it has never been easier or more accessible to take control of your financial future and start investing today.

One of the great things about these new investing apps is that they offer low barriers to entry, making it easier for people with limited funds to get started. Additionally, they offer a level of convenience and flexibility that traditional investing methods can’t match. From being able to invest spare change automatically with Acorns, to having the ability to trade stocks on-the-go with TD Ameritrade, these new investing apps have revolutionised the way we invest.

In conclusion, the top 10 new investing apps for beginners in 2023 provide a range of options and resources for investors at every level. With user-friendly interfaces, diverse investment options, and low barriers to entry, these apps make investing accessible and convenient like never before.

So, whether you’re looking to build a long-term portfolio or simply want to start growing your wealth, now is the time to explore what these new investing apps have to offer.

Author: Vedanti KiranVedanti is a female finance writer, currently pursuing her studies at Hansraj College. She has a passion for writing and travelling, and her articles on the stock market, finance, investment, and cryptocurrency are well-researched and informative. With her unique perspective on the world of finance, Vedanti is a go-to source for those seeking insights into the world of finance.