Best Apps to invest in

In this section you will see the best applications in which you can invest as a teenager.

APPS

Characteristics:
- Commission-free trades for stocks, ETFs, and options.
- User-friendly interface.
- Cryptocurrency trading available.
- Instant deposits and cash management features.
Why it’s good:
- Low cost of entry with no trading fees.
- Simple design suitable for beginners.
- Good for those interested in trading both stocks and cryptocurrencies.

Characteristics:
- Round-ups: Automatically invests spare change from everyday purchases.
- Portfolio diversification with automatic rebalancing.
- Includes options for retirement savings (IRA).
- Educational content through “Grow” and “Early” (for kids).
Why it’s good:
- Ideal for hands-off investors who want to invest small amounts gradually.
- Simplifies investing with automatic features.
- Provides educational tools to understand personal finance.

Characteristics:
- Fractional shares: Invest in portions of expensive stocks and ETFs.
- Curated investment recommendations based on your goals and values.
- Educational content and guidance.
- Customizable investment accounts with a focus on long-term growth.
Why it’s good:
- Affordable entry with low minimum investment requirements.
- Educational resources to help understand investing concepts.
- Suitable for goal-oriented and beginner investors.

Characteristics:
- Designed for ages 13-17, with parental oversight.
- No fees and no minimum account balance required.
- Access to a wide range of investment options including stocks and ETFs.
- Educational resources and tools.
Why it’s good:
- Tailored for teens with a focus on education and responsible investing.
- Allows for real-world investing experience with parental guidance.
- Fee-free and no minimum balance requirements make it accessible.

Characteristics:
- Commission-free trades for stocks and ETFs.
- Social investing features: Follow and see what others are investing in.
- Fractional shares available.
- Transparent and user-friendly interface.
Why it’s good:
- Combines social networking with investing, which can be motivating and educational.
- Easy-to-use platform for beginners.
- No trading fees and the ability to invest in small increments.

Characteristics:
- Commission-free trades for stocks, options, and ETFs.
- Advanced trading tools and technical analysis features.
- Paper trading option for practice without risking real money.
- Real-time market data and research tools.
Why it’s good:
- Great for those looking to learn more advanced trading strategies.
- Paper trading allows for practice without financial risk.
- Comprehensive research tools help in making informed decisions.

Characteristics:
- Debit card for kids with parental controls.
- Investment options including stocks and ETFs.
- Educational resources tailored for kids and teens.
- Allows for chore-based saving and investing goals.
Why it’s good:
- Combines financial education with real-world practice.
- Parental controls help guide responsible use.
- Encourages savings and investment habits from a young age.