Trading, by all means, is a tedious task.
You constantly have to keep your eyes on the market, make swift decisions about what to invest in and what to avoid, and cash out just at the right time.
And no matter how easy all of this sounds, It’s way tougher than you can ever imagine.
Thus, good investment comparison apps are the go-to solution for all types of newbies.
For those who are new to investing, it is possible to begin small by investing using an app like Acorns, which invests spare cash.
Below, you'll find the complete list of our top 5 investment applications that will help you in this journey.
1. Betterment
Betterment was an early pioneer in the field of robot advice, so you've probably heard of the company before. It's an excellent option for those looking to take a hands-off approach to their investments, but more sophisticated investors can personalize their investment portfolios by creating flexible portfolios.
The Betterment Portfolio is comprised of low-cost, diverse ETFs that are low-cost and diversified.
Users are not able to buy any individual shares or funds, but if that's what you're seeking, you should consider an alternative option on this list.
2. Acorns
Acorn Acorn is a financial app that gives users access to Robo-advisors, IRAs, custom-made checking accounts per user, and other prominent features.
It was included in our list as it's an excellent choice for investors who are new to investing and want to begin small by investing in micro-investments.
It's a great option for those who are new to investing and want to test their luck in the market before diving in fully.
3. Robinhood
Robinhood was the first app on the scene of investing apps that didn't charge commissions to customers to purchase and sell stocks. This has led other brokerages to adopt the same model.
As with other apps listed on the list below, Robinhood also has no requirements to sign up for accounts, and investors do not need to hit the minimum investment amount to get started either.
Investors can easily trade ETFs, options, and stocks as well as ETFs and cryptocurrency trades.
However, Robinhood does not offer bonds and mutual funds, which means you'll require another investment app to help ensure that your investments are well-diversified.
Customers will also have to look elsewhere for IRAs, as Robinhood does not currently provide the tax-advantaged retirement account.
4. Webull
Like Robinhood, Webull offers commission-free trading of ETFs, options, stocks, and crypto without a minimum requirement. The users also have access to IPO or fractional shares.
Even though Robinhood and Webull are both excellent investment options for active traders, only Webull currently provides IRAs (traditional Roth, traditional, and rollover) which allows users to manage their retirement accounts as well as their stocks in one spot.
5. Twine
The first time people encounter investing is for long-term goals such as retirement.
However, there are many alternatives for short-and medium-term objectives that are much simpler to attain when you invest your money instead of leaving it in an account for savings.
Twine, created by the late John Hancock, focuses on helping couples save together and invest to achieve milestones such as an investment in the purchase of a home in the future.
With Twine, you can set up a couple's account to have an objective that is shared (house, large purchase, children, or a vacation) and choose a monetary goal.
Couples can connect their savings accounts via Twine savings and get real-time updates about their accounts.
As their balances rise, they can access an integrated account interface that shows each account and displays their collective performance towards their objectives.
Quick Tip
Intermediate and beginner investors alike can make their investments more efficient by using a Robo-advisor app such as Betterment, while more experienced investors can invest in options and stocks using Robinhood.
The five best choices on our list are notable because they assist investors of all sorts, regardless of the stage of their journey to investing, creating wealth on the go.
Winding-up
And those were our top 5 investment comparison apps for iOS.
You can download, install any one of them on your device and kick-start your journey today!
