img

No paid promotions here. Our experts test each app for an honest review. Learn more

Best Stock Trading Apps for Beginners 2022

We tested all the most popular stock trading apps for beginners to see which ones were the best for getting started with stocks and trading. Here's what we found. 

Finance
Comments

Saving

Saving

Best Stock Trading Apps for Beginners 2022
Published:
Updated:

Getting into trading and investing your money into stocks can be daunting and downright nerve-wracking. With so much information on the internet, it can be difficult to know where to start, how to invest in a smart way, and what kind of investing to do. 

However, with more mobile apps and platforms specifically for stock trading and investing, it makes it much easier for beginners to jump in and kickstart their journey to savings and investments. 

In order to find the best stock trading and investment apps for beginners, we tested 9 different apps best suited to get you started in investing and found that Acorns provided the best overall experience due to its user-friendly layout and beginner-friendly features. Here's why we picked this app + more: 

Table of Contents

  1. 1. Apps We Selected
  2. Our Pick Acorns: Save & Invest Acorns: Save & Invest Runner Up SoFi - Invest, Trade, Borrow SoFi - Invest, Trade, Borrow Also Groovy E*TRADE: Invest. Trade. Save. E*TRADE: Invest. Trade. Save. Also Groovy Webull: Investing & Trading Webull: Investing & Trading Also Groovy Robinhood: Stocks & Crypto Robinhood: Stocks & Crypto
  3. 2. Everything We Recommend
  4. 3. The 411 from our Appventurer
  5. 4. Other Apps Considered
Our Pick

The Best for the Absolute Beginner

Acorns is a great app for the absolute beginner, as it offers flexible options to investing with step-by-step plans.

Why we chose Acorns:

  • Getting started is a breeze: just link your bank account, set your investment plan, and go
  • All you need is $1 to start investing
  •  Offers different ways to invest from weekly deposits into your Acorns account to rounding up on purchases and taking the difference to invest in your portfolio
  • You do have to be 18 years or older to start an account, but you can start an account for a child if you want to help them start saving for their future
  • Gives you a detailed plan and a recommended portfolio based on your goals. Great for a beginner looking to learn more about investing, savings, and stock trading

This user-friendly and easy to navigate app makes investing and stock trading easy and flexible and works with anyone's budget and goals.

Read Acorns' Full Review
Runner Up

Great for Flexible Money Options

  • Get Your Money Right®. All in the SoFi app. Save, spend, invest & earn rewards.
    4.7 Ratings 182K+ Reviews 1M+ Downloads
    Free Fresh
    Free
    Free

    Loading...

SoFi is a fun and easy way to invest, budget, and save, which makes it a well-rounded and versatile app for beginners.

Why we chose SoFi:

  • SoFi offers a chance to win up to $1,000 in stocks when you sign up, which is a great incentive to try out this app
  • Offers a wealth of financial services, such as ways to refinance or apply to a new loan, create a money account, investment account, and get personal finance tools
  • SoFi has a very clean and simple layout that makes it easy to navigate. It's easy to find popular stocks, trending stocks, and collections of stocks such as international stocks, Dividend growers, and cryptocurrency options.
  • You can start investing with as little as a $1 investment, which is great for people on a budget.
  • The signup process is relatively straightforward but does take a bit longer than some of the other apps on this list due to how thorough it is.

With SoFi's easy and clean layout and navigation as well as sign-up incentives and flexible money options, this is a great choice for beginners. 

Read SoFi's Full Review
Also Groovy

Great for the Professional (and Beginning Professional) Trader

  • Connect to the markets from anywhere with our award-winning app.
    4.4 Ratings 199K+ Reviews 1M+ Downloads
    Free Fresh
    Free
    Free

    Loading...

E*Trade is great for beginners who are looking for a bit more flexibility and independence in stock trading on a professional platform.

Why we chose E*Trade:

  • E*Trade is one of the more professional investing apps available for free download. Its no-nonsense layout is relatively easy to navigate with a little practice and research
  • Setting up your account and linking your bank is easy. After that, E*Trade leaves it up to you to start investing the way you want.
  • E*Trade is a great platform to read and learn about market trends, with trend and analysis reports and news relating to each stock.
  • It does not offer anything when you sign up but does offer the added feature of being able to hire a portfolio manager (however, this can get a bit pricey.)

While this may be a relatively more complex app to get the hang-of, E*Trade has a great layout and information on stocks that can help beginners learn more about stocks and investing.

Read E*TRADE's Full Review
Also Groovy

The Best User-friendly App with Commission Free Trading Options

  • Cryptos, Stocks, Options & ETFs
    4.6 Ratings 442K+ Reviews 10M+ Downloads
    Free Fresh In App Purchases
    Free In-App Purchases
    Free In-App Purchases

    Loading...

This commission-free trading app is great for beginners and people on a tighter budget.

Why we chose Webull:

  • Commission-free trading, which is great for beginners and those on a tighter budget that don't want to waste money on each trade via fees
  • Early access to the stocks (earlier than the majority of the apps listed,) which may be beneficial if you want to buy stock on a company that is just going public
  • The user reviews are very positive with even the three-star reviews praising it for being a 'fantastic stock tracking app'
  • Within the app itself, it offers news surrounding stocks as well as analyst opinions, which help you make the best decision possible when investing your money 

With its clean and user-friendly layout, Webull is a great option for anyone looking for commission-free trading and investing options.

Read Webull's Full Review
Also Groovy

The Investment App for the Common Person

  • Invest in stocks & ETFs with Robinhood Financial, Crypto with Robinhood Crypto
    4.1 Ratings 4M+ Reviews 10M+ Downloads
    Free Feature Rich Fresh 1M+ Reviews
    Free
    Free

    Loading...

Robinhood is a well-known app that is great for people new to trading or with smaller trading budgets.

Why we chose Robinhood:

  • It has a very easy and straightforward setup process that doesn't take a long time
  • The layout is user-friendly and has a very relaxed and fun vibe which makes it feel more accessible
  • Linking bank accounts take a couple of minutes and was extremely straight forward and only requires 1 dollar to start investing
  • Searching for companies to invest in is incredibly simple on this app in that you can search directly or look up curated lists of stocks you may be interested in

Robinhood is a great way to get your feet wet with investing regardless of your budget

Read Robinhood's Full Review

Everything We Recommend

  • Our Pick
    Get started in minutes, & give your money a chance to grow in the background of life.

    “Investing is now made for everyone.” - Forbes (1)

    + INVEST FOR YOUR FUTURE - Invest spare change with automatic Round-Ups® & set it & forget it with Recurring Investments. Your money is automatically invested into one of our diversified, ETF portfolios, built by experts.

    + BITCOIN ON ACORNS - Easily invest up to 5% of your Acorns Invest portfolio in a Bitcoin-linked ETF to diversify your portfolio even further. With just a tap, you can invest in crypto without the headache of extra apps, digital wallets, and vulnerable passwords.

    + INVEST FOR RETIREMENT - Save for retirement with our easy IRA options, featuring SEP, Traditional, & Roth plans. In under 2 minutes, we’ll recommend the right plan for you.

    + INVEST FOR YOUR KIDS - Get Acorns Early, our UTMA / UGMA investment account for kids. Multiple kids included. Custom rewards for families. Invest automatically into a diversified, ETF portfolio, built by experts.

    + BANK SMARTER - Get an Acorns Checking account & a heavy metal debit card that invests when you spend & automatically invests a portion of every paycheck. You can also get paid up to 2 days early when you set up your direct deposit into Acorns Checking.

    + EARN REWARDS - Shop 12,000+ brands and receive bonus investments, search MILLIONS of jobs in our Job Finder, & earn exciting referral bonuses. The more you earn, the more you can save & invest!

    + GROW YOUR KNOWLEDGE - Custom financial literacy content, powered by Acorns + CNBC, right in your app.

    SAVE & INVEST RESPONSIBLY WITH A MISSION-LED PARTNER

    MISSION: With benevolence and courage, we look after the financial best interests of the up-&-coming, beginning with the empowering, proud step of micro-investing.

    INVESTING PHILOSOPHY: The time-tested power of compounding, diversification, & sticking with it gives your money a chance to grow long term.

    BACKED BY THE BEST: Investors like Blackrock, CNBC, PayPal, Dwayne Johnson, Jennifer Lopez, Steve Harvey, & Ashton Kutcher.

    SECURITY: Bank-level security and data encryption.

    NO HIDDEN FEES

    *Most popular*
    ACORNS PERSONAL: $3/month
    All-in-one investing, retirement, & checking—plus much more.

    ACORNS FAMILY: $5/month
    Save & invest for the whole family, invest for kids, earn extra rewards, get family financial education, plus retirement, checking, and personal savings and investing.

    From acorns, mighty oaks do grow. Download Acorns now & grow your oak!

    —————————————

    Sources:
    1. https://bit.ly/3iSAjhs
    2. https://abcn.ws/3jOsv1n
    3. https://on.wsj.com/2ClgzU8
    Cost
    Free
    Free
    In-App Purchases
    No
    No
  • Runner Up

    SoFi - Invest, Trade, Borrow

    4.7 Ratings 182K+ Reviews 1M+ Downloads
    SoFi is a one-stop shop for your finances, designed to help you Get Your Money Right®. Save, spend, earn, borrow and invest—all in one app.

    Download the SoFi app to get started and win up to $1,000 in free stock!*

    ONE CONVENIENT APP DOES IT ALL
    Manage your money, invest and trade, check your rates and apply for loans. Do everything in one place.

    EARN HIGH INTEREST
    When you save with SoFi Checking and Savings, you can earn high interest on your
    balances—up to 1.25% APY.**

    NO INVESTMENT ACCOUNT MINIMUMS
    SoFi Invest lets you trade crypto, invest in stocks, ETFs, retirement funds and more with no commissions and no account minimums.

    BORROW FOR SCHOOL, HOME IMPROVEMENT AND MORE
    Simply apply and start saving with a SoFi loan. No hidden fees and no catch. Just serious savings.

    GET YOUR MONEY RIGHT® WITH ZERO ACCOUNT FEES
    Pay zero account fees with SoFi Checkings and Savings, which includes no annual, overdraft or other account fees***.

    SMART MONEY MOVES EARN YOU POINTS
    Reward points are redeemable for cash, fractional shares of stock, SoFi loan payments, and more.

    NO-COST SPENDING AND BUDGETING TOOLS
    Get complimentary credit score monitoring, spending breakdowns, financial insights, and more.

    ACCESS MEMBER BENEFITS
    Members get unlimited access to 1-on-1 financial and career planning at no additional cost.

    Investment products: ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE

    No purchase necessary to enter or win. Visit SoFi.com/invest/250K-rules for further details. Ends 1/31/22. Void where prohibited by law. Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org). Automated investing is offered through SoFi Wealth LLC, an SEC registered investment advisor.

    Details at sofi.com/card/rewards.

    *No purchase necessary. Probability of customer receiving $1,000 is 0.028%. See full terms and conditions at sofi.com/invest/clawpromotion/rules.

    **SoFi members with direct deposit can earn up to 1.25% annual percentage yield (APY) interest on all account balances in their Checking and Savings accounts (including Vaults). Members without direct deposit will earn 0.70% APY on all account balances in Checking and Savings (including Vaults). Interest rates are variable and subject to change at any time. Rate of 1.25% APY is current as of 04/05/2022. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet

    SoFi Checking and Savings is offered through SoFi Bank, N.A. The SoFi® Bank Debit Mastercard® is issued by The Bancorp Bank pursuant to license by Mastercard International Incorporated and can be used everywhere Mastercard is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

    ***We work hard to offer high interest and no account fees. With that in mind, our interest rate and fee structure are subject to change at any time. See our terms and conditions at sofi.com/legal.

    Personal loan fixed rates from 4.99% APR to 19.63% APR (with autopay). Loan terms are between 2-7 years. Payment example: If you take out a $30,000 loan with a 60-month term, a fixed APR of 10.08%, your monthly payment would be $638.59, with a total lifetime payment of $38,315.57. If SoFi is unable to offer you a loan but matches you for a loan with a participating bank, then your rate may be outside the range of rates listed above. Not all rates & amounts available in all states; sofi.com/eligibility for details. Interest rate caps may be lower in some states due to legal requirements & may impact your eligibility to qualify for a SoFi loan. SoFi rate ranges are current as of 8/11/21 & are subject to change. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. To learn more about the autopay discount see sofi.com/legal/#5
    Cost
    Free
    Free
    In-App Purchases
    No
    No
  • Also Groovy

    E*TRADE: Invest. Trade. Save.

    4.4 Ratings 199K+ Reviews 1M+ Downloads
    Welcome to E*TRADE. No matter your level of experience, we help simplify investing and trading. Our award-winning app puts everything you need in the palm of your hand—including investing, banking, trading, research, and more. Download now and start investing today.

    Invest on your terms

    • Enjoy commission-free online US-listed stock, ETF, and options trades
    • Trade mutual funds
    • Take the guesswork out of choosing investments with professionally built portfolios
    Invest with confidence
    • Get streaming quotes, charts, and portfolio information
    • Access education, comprehensive research, tools, and screeners to spot investment opportunities
    • Set alerts and create watchlists for the investments you're interested in
    • Stream live Bloomberg video
    • Chat with customer service in the app
    Bank and save
    • Deposit checks, pay bills, transfer money, and get unlimited ATM fee refunds with your E*TRADE debit card.

    Securities products and services are offered by E*TRADE Securities LLC, Member SIPC. Commodity futures and options on futures products and services offered by E*TRADE Futures LLC, Member NFA. Banking products and services are offered by Morgan Stanley Private Bank, National Association, Member FDIC. All are separate but affiliated subsidiaries of Morgan Stanley. Securities, investment advisory, commodity futures, options on futures and other non-deposit investment products and services are not insured by the FDIC, are not deposits or obligations of, or guaranteed by Morgan Stanley Private Bank and are subject to investment risk, including possible loss of the principal amount invested.

    Important Note: Futures and options transactions are intended for sophisticated investors and are complex, carry a high degree of risk, and are not suitable for all investors. For more information, please read the Characteristics and Risks of Standardized Options and the Risk Disclosure Statement for Futures and Options prior to applying for an account. You can also view the E*TRADE Futures LLC Financial Information and Disclosure Documents. Investing in securities products involves risk, including possible loss of principal.
    1. Read more about the awards E*TRADE received in StockBrokers.com 2021 Online Broker Review: https://about.etrade.com/newsroom/awards-recognition
    2. E*TRADE charges $0 commission for online US-listed stock, ETF, and options trades. Exclusions may apply and E*TRADE reserves the right to charge variable commission rates. The standard options contract fee is $0.65 per contract. The retail online $0 commission does not apply to Over-the-Counter (OTC), foreign stock transactions, large block transactions requiring special handling, transaction-fee mutual funds, futures, or fixed income investments. Additional regulatory and exchange fees may apply. For more information about pricing, visit etrade.com/pricing.
    The material provided by E*TRADE Securities LLC or any of its affiliates is for educational purposes only and is not an individualized recommendation. This information neither is, nor should be construed as, an offer or a solicitation of an offer, or a recommendation, to buy, sell, or hold any security, financial product, or instrument discussed herein, or to open a particular account or to engage in any specific investment strategy.
    System response and account access times may vary due to a variety of factors, including trading volumes, market conditions, system performance, and other factors. Android is a trademark of Google Inc. Use of this trademark is subject to Google Permissions.

    View End-User License Agreement: https://mobile.etrade.com/etmobile/EULA_2.0.html

    © 2022 E*TRADE from Morgan Stanley. All rights reserved.
    Cost
    Free
    Free
    In-App Purchases
    No
    No
    Invest in stocks, options, and ETFs, all commission-free, $0 minimum deposit. Buy or sell cryptocurrencies at a $1 minimum.

    Zero Commissions
    - ZERO commission when you trade Stocks, ETFs and Options.
    - ZERO per contract fee when you trade options.
    - ZERO minimum deposit requirements for brokerage accounts and IRAs.

    Trade Cryptos 24/7
    - Buy/sell cryptocurrencies at a $1 minimum.
    - Trade Bitcoin (BTC), Dogecoin (DOGE), Ethereum (ETH), Shiba (SHIB), Cardano(ADA), Litecoin (LTC) and more.
    - Complimentary crypto real-time data, customizable charts, and indicators.

    Expand Your Stock Portfolio
    - Fractional Shares Trading make it simple for anyone to invest in their favorite companies and ETFs without purchasing a whole share. Buy fractions of stocks at a $5 minimum.

    Join Webull, Get Free Stocks
    - Get free stocks for a limited time when you open & fund a Webull brokerage account.
    - Refer a friend, get free stocks. More friends, more stocks.

    Trade Conveniently
    - Place orders and look up tickers by only using your voice.
    - Customize and revitalize your mobile trading space by entering “Big Button Mode” to quickly place trades.
    - Webull supports pre-market (4:00 AM - 9:30 AM ET) and after hours (4:00 PM - 8:00 PM ET) trading sessions.
    - Available on mobile, tablet, desktop, and web platforms.

    Access Smart Trading Tools
    - Explore in-depth analytic tools and charting software. Webull has over 50 technical indicators and 12 charting tools, designed to help you analyze trends and decipher market information from free real-time quotes.
    - Practice and explore trading methods without spending real money. Test out your trading skills with our Paper Trading feature.
    - Sift through the market swiftly and concisely with stock screener. Utilize this search engine to build a diversified investment portfolio according to your investment goals.

    DISCLOSURES
    No content in the App shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. All information and data in the App are for reference only and no historical data shall be considered as the basis for judging future trends.

    Webull Financial LLC is a member of Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash).

    Free trading of stocks refers to $0 commissions for Webull Financial LLC self-directed individual cash or margin brokerage accounts that trade U.S. listed securities via mobile devices or Web. Regulatory and Exchange Fees may apply.

    Webull Financial LLC is a brokerage firm regulated by FINRA.

    Option trading entails significant risks and is not suitable for all investors. Only eligible accounts may trade options. Investors can rapidly lose their entire investment in a short period of time and incur permanent loss beyond their initial deposit. Regulatory and Exchange fees apply to options trades.

    Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Webull Pay LLC. Cryptocurrency trading is offered through an account with Apex Crypto. Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured. Please ensure that you fully understand the risks involved before trading. Not all coins provided by Apex Crypto LLC are available to New York residents. Please visit www.webull.com/cryptocurrency to see a list of crypto available to trade.
    Cost
    Free
    Free
    In-App Purchases
    $0.99 - $394.99 per item
    $1.99 - $60.99 per item

    Robinhood: Stocks & Crypto

    4.1 Ratings 4M+ Reviews 10M+ Downloads
    Invest in stocks, options, and ETFs with Robinhood Financial. Buy and sell crypto like Bitcoin, Ethereum, Shiba Inu & Dogecoin with Robinhood Crypto. All commission-free with no account minimums. Other fees may apply*.

    Whether you’re new to the markets or an experienced trader, we have the tools to help you invest. From commission-free trading to intuitive design, investing is now more approachable & affordable. To get you started, you’ll get a free fractional share on us. Certain limitations apply**.

    Here's what you get when you join Robinhood:
    Finance Explained - We’ll help you better understand financial markets so you can invest in ETFs, stocks, & options.

    Trading Tools - Access real-time market data, see analyst ratings, read relevant news articles, & get notified about important events.

    Security & Support - We provide protection*** for your holdings & offer robust security tools to help keep your account safe. When you need support, we offer a dedicated team of professionals along with 24/7 live phone support through the app.

    Plus, we’ve got a variety of products to help make your money work harder for you.

    STOCKS, ETFs, OPTIONS, & CRYPTO
    With Robinhood Financial, you can invest in stocks, ETFs, & options. You can also buy & sell cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Shiba Inu (SHIB), Polygon (MATIC), Compound (COMP), Bitcoin Cash (BCH), Bitcoin SV (BSV), Ethereum Classic (ETC), and Litecoin (LTC) with Robinhood Crypto.

    ROBINHOOD CASH CARD
    Introducing the new Robinhood Cash Card. It’s the debit card with weekly rewards that help you build investing habits.

    Earn rewards as you spend and round up, invest a part of every paycheck, all with no hidden fees. Coming soon: cash back when you spend


    Disclosures

    Investing is risky and one should consider their investment objectives & risks carefully before investing.

    *View Robinhood Financial's fee schedule at rbnhd.co/fees.

    **Free Stock program: new customers need to sign up, get approved, and link their bank account. See full terms and conditions at rbnhd.co/freestock

    ***Member of SIPC. Securities in your account protected up to $500,000. For details, see www.sipc.org. This does not protect against a loss in the market value of securities.

    Robinhood Money, LLC ("RHY") (NMLS ID: 1990968) offers a spending account & the Robinhood Cash Card. The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard®. Round-ups & rewards are a service of Robinhood. For round-ups & rewards to be available, you need to have a brokerage account with Robinhood Financial, LLC or a Crypto Account with Robinhood Crypto, LLC

    Cryptocurrency trading is offered through an account with Robinhood Crypto (NMLS ID: 1702840).

    IPOs can be risky and speculative investments & may not be appropriate for every investor. Learn more at rbnhd.co/IPOAccess.

    Fractional shares are illiquid outside of Robinhood & are not transferable. Not all securities are eligible for fractional share orders. Learn more at robinhood.com

    Securities trading offered through Robinhood Financial LLC, member SIPC. See our Customer Relationship Summary at rbnhd.co/crs.
    Robinhood Financial LLC and Robinhood Crypto, LLC are wholly-owned subsidiaries of Robinhood Markets, Inc.
    Cost
    Free
    Free
    In-App Purchases
    No
    No
Compare All Apps

The 411 from our Appventurer

Lauren Trifunovich
Written by:

Lauren Trifunovich

Lauren Trifunovich currently lives in Chicago. She got her bachelor's degree in Psychology and Neuroscience and a Master's in Counseling. She currently owns an online yoga company and loves to hike, cook, and read in her free time. 

Best Stock Trading Apps for Beginners 2022

Comments

Comment

Expiring soon! Don’t forget your exclusive offer.

24
00
00
24
00
00
Go To your e-mail