BEST INVESTING APPS FOR BEGINNERS (Top 3 Free Investing Apps)

TL;DR

This video reviews the top three free investing apps for US-based investors in 2019: M1 Finance, Webull, and Robinhood.

Transcript

• So today in this video we're gonna be covering the top three free investing apps that you might be interested in in 2019. Now I have done probably I would say 40 to 50 hours total of research on all these different investing platforms. I have countless videos on my YouTube channel reviewing these investing platforms. I have my Investing Simple bl... Read More

Key Insights

• 👋 M1 Finance is best for passive, long-term investors, offering automation, dividend reinvestment, and access to expert portfolios.
• 🥶 Webull caters to intermediate active traders with research tools, technical indicators, and commission-free short selling.
• 🔰 Robinhood is beginner-friendly and ideal for beginner active traders, providing a simple interface, free options trading, and access to cryptocurrencies.
• 🥶 M1 Finance offers free fractional shares and automated portfolio rebalancing.
• 🤑 Webull offers a paper trading feature for practice without using real money.
• 🤗 Robinhood offers a free stock for opening an account and referral bonuses for inviting friends.
• 😑 Webull offers free extended hours trading for trading pre and post market.

Questions & Answers

Q: Are there any fees associated with using M1 Finance, Webull, and Robinhood?

No, all three platforms are free to use. M1 Finance offers additional services like M1 Borrow and generates revenue through margin trading. Webull offers subscription-based access to certain features. Robinhood offers Robinhood Gold for additional features, but the basic plan is free.

Q: Can I invest in fractional shares on M1 Finance?

Yes, M1 Finance is the only free platform that allows you to buy fractional shares of a stock, making it accessible to investors with smaller amounts of money to invest.

Q: Which app offers the most research tools and technical indicators?

Webull offers the most research tools and has around 30 different technical indicators available for performing technical analysis of your investments.

Q: Can I trade cryptocurrencies on Robinhood?

Yes, Robinhood offers free trading of cryptocurrencies in certain states, making it convenient for investors interested in cryptocurrencies.

Summary & Key Takeaways

• The video discusses M1 Finance, a platform suitable for passive, long-term investors due to its automated investing process and dividend reinvestment plan.

• Webull is ideal for intermediate active traders, offering research tools, technical indicators, and commission-free short selling.

• Robinhood is beginner-friendly and best for beginner active traders, with a simple interface, free options trading, and access to cryptocurrencies.