5 Free Investing Apps You Can Use to Grow Your Money

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3. Robinhood

This app is for trading on the stock market, and it’s completely free to use. You can place market trades, as well as limiting and stopping them without paying a penny. However, it is a little lacking in the research department. If you plan to trade on the stock market you might want to use it alongside other apps that can give you the information you need.

One perk of Robinhood is that you can use this app for instant trading up to $1,000. Also, there’s no need to wait for trades to settle, as you can get access to your cash instantly. If you want access to after-hours trading or margin capability, Robinhood offers a Gold service that you need to pay for.

4. TD Ameritrade

TD Ameritrade gives users a big range of investment options, including stocks, bonds, and managed accounts. One of the upsides of TD is that they offer a list of 100+ commission-free ETFs that you can buy and sell free of charge.

Aside from the zero commission ETFs, TD charges $6.95 per trade and there is no minimum balance to open an account. The app itself is pretty user-friendly and features lots of trading tools. There are great resources you can use for research and education, and might just be one of the best investment apps on the market.

5. E*Trade

E*Trade is quite similar to TD Ameritrade but makes this list as this app also offers 100+ commission-free ETFs. E*Trade’s ETFs are more diverse than TD’s which makes them slightly better, but the app does come with its own drawbacks.

E*Trade is one of the most well-known online brokers in the market. But, the app itself is not the most user-friendly one, despite offering a lot of the same handy tools as TD. Aside from commission-free ETFs, E*Trade charges $6.95 per trade and allows you to open an IRA without a minimum balance.