![]() For $3 per month, Acorns will take care of everything. Read Our Review A looong arrow, pointing right Why Acorns made our list:Īcorns is an investment app for people who know they should be investing but don't have or want to spend the time to manage it themselves. What to look out for:Īlly Invest offers wealth management services, but you'll need at least $100,000 to get started. It doesn't have as many bells and whistles as some active trading platforms, but it has everything a beginner and most passive investors might need. The Ally app, which is also used by Ally Bank, is straightforward and easy to navigate. You'll just need a minimum of $100 to get started, and you won't have to worry about any advisory fees. The account gives you the choice between four portfolios: Core, Income, Tax-optimized, and Socially Responsible. Plus, if you prefer the robo-advisor route, Ally Invest Managed Portfolios creates a personalized portfolio of ETFs for you. There are no recurring fees or minimum balance requirements to worry about. You can trade stocks and ETFs with no commissions mutual fund trades will incur a $9.95 commission fee. Ally Invest offers just that through its mobile app. Read Our Review A looong arrow, pointing right Why Ally Invest made our list:īeginners often do well with simple and straightforward investment platforms. ![]() If you are a beginner and want help putting an investment strategy together, SoFi is an ideal place to start. You'll be able to work with certified financial planners (CFPs) who can help you reach your goals. Note, though, that SoFi charges a 1.25% markup on crypto transactions.Īs an added bonus outside of the app, SoFi offers complimentary financial planning sessions for all members, among other benefits. In addition to cryptocurrency trading (for bitcoin, ethereum, dogecoin, and more than 27 other coins), you can also access investment education articles from inside the app. It doesn't have the most in-depth investment research, but there is enough to get you started and guide your trading decisions. The app includes stocks and ETFs listed by category, making it easy to browse potential investment opportunities. Even the managed portfolio product, SoFi automated investing, where your ETFs are all picked and managed for you, is free to use. You can get started at SoFi Invest with just $1, and there are no commissions for trades and no recurring account fees. SoFi is a top pick for beginners thanks to an easy-to-use platform paired with rock-bottom pricing. Read Our Review A looong arrow, pointing right Why SoFi made our list:
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