Alright, guys, let's talk about making that money move. Stock trading is where it's at if you want cash, and you don't need to be a Wall Street wizard to get started. There are some great apps that can help beginners dip their toes into the stock market.
And, to make your life even easier, we've done the research. So, here's the tea on the best stock trading apps for beginners across the pond!
In fact Prograd's algorithm helps you find the best stock trading apps to kickstart your involvement in the stock market! Just fill in our 20 second form to explore.
What Are Stock Trading Apps?
Without getting too finance-ey, let’s break down what stock trading apps actually are.
Stock trading apps are basically mobile applications that let you buy and sell stocks, shares and other financial instruments on various stock exchanges.
What Are The Best Stock Trading Apps For Beginners?
FreeTrade is the OG of stock trading apps, especially for beginners. Buying stocks for free? Who doesn’t like the sound of that?
This app is great because it’s super user-friendly, has no monthly fee, and offers commission-free trading. And, to top it all off, its “Investing 101” section makes it the best for instructing beginners.
The eToro stock trading app allows beginners to learn the craft by copying more experienced investors. This is done through social trading features where you can view others' portfolios for inspiration.
Another reason this is a good app to go for is that it also offers commission-free stock trading. Although eToro requires some additional fees to be paid, you might find its great features are worth it.
The stock trading app from Revolut is the perfect recipe for any beginner. Traders can invest in stocks, crypto and EFTs with, you guessed it, no commission fees!
This can all be done from the app’s nifty dashboard, where users can engage with beginner-friendly analytics. Users can then keep their eye on the call and track market data and investments.
Trading 212 is another hotshot in the stock trading app game.
You can trade a wide range of assets from stocks to cryptocurrencies. Trading 212 offers a great practice mode, so beginners can flex those trading muscles without risking their coin. And, the icing on the cake is the zero commission fees.
Interactive Investor is a fabulous stock trading app. It's a bit more on the professional side, but they offer a ton of resources and research tools to help you make informed decisions.
So, if you’re a beginner serious about investing, this could be your jam.
For any Barclays lovers out there, this would be a nice recognisable one to go with for a beginner.
Users can choose between three handy options depending on their experience. This means beginners can select their confidence level, and the app will automatically suggest good stock investments for you.
Because of the multiple options, this means you can easily grow your skills over time. So, once you’ve levelled up from beginner mode, you can take the next step up!
Advice For Using Stock Trading Apps For Beginners?
Now, getting the ball rolling on a stock trading app can be a lotta fun. But it does come with a warning sign, especially for those who are inexperienced.
Many beginners probably don’t have a good understanding of the stock market, investment strategies, risk management, and that kinda thing. Without proper instruction, this may lead to some ill-advised decisions.
Plus, stock trading apps can be quite addictive! Make sure to be careful, and try not to be impulsive, or greedy, are take a break it if gets stressful!
So, there you have it! These stock trading apps are your golden ticket to getting started in the world of stocks and investments.
Remember, while these apps are beginner-friendly, the stock market can still be a wild ride. So, do your homework and stay woke on your investments. Time to secure that bag!