When I first started investing, it was scary trying to justify paying huge platform fees just to be able to trade stocks. Not only did you have the uncertainty of whether or not the stocks would perform well in the first place, you also had to pay hefty commissions and platform fees just to participate.
Luckily, things have changed since then, and companies have made investing REALLY accessible for people.
Here are some of the zero commission and zero monthly fee investing apps we have tried and thought were the best.
Robinhood is one of the main reasons why investors can enjoy low commissions and no platform fees to begin with, and it’s a solid investing app on top of that.
Robinhood offers investors access to fractional shares, a Dividend Re-Investment Plan(DRIP), Options trading, Cryptocurrency (only Bitcoin currently), penny stocks, and pretty much all of the popular ETFs, stocks, etc…
The app has come a long way from being the new kid on the block, and it’s actually starting to look pretty decent. So thanks Robinhood for putting those other brokerages in their place and helping us get free trading!
If day-trading is your thing, then look no further.
Webull is exactly what you need if you want an investing app for day-trading.
With powerful technical analysis tools, and no commissions or monthly fees, Webull was built to help you get started with trading.
They’ll even give you a couple of free shares of stocks to start with if you join and make a qualifying deposit!
It’s a pretty good deal if you ask me…
If you’re looking for a free, easy to use, passive investing app, then M1 Finance is just the thing you need.
All you have to do is join, set up automatic deposits, and pick some stocks for your portfolio, then M1 Finance will automatically invest into those positions every time your account receives a deposit.
This helps people invest money without having to deal with the stress of looking at the market every time they want to invest more. If you aren’t tempted to sell in the first place, then you won’t sell, right?
Which free investing app do you think is best?
If you agree with this article, or even if you disagree and think another investing app deserves to be on the list, let us know!
Your opinion helps us provide better investing app reviews for our readers so everyone can get involved with the stock market.
Thank you for reading have a great day!