You want to get into the mobile investing space, but don’t want to use Robinhood?
We’ve several hours rounding up the 4 best new apps that allow you to buy stocks, Bitcoin (and other crypto currencies), trade options, and analyze the financial market like a Wall Street tycoon. All from your phone.
SoFi: Best for Fractional Trading & IPO Buys
Founded a decade ago by students looking for more affordable options on their student loans, SoFi has grown from a student loan company to a powerhouse in mobile banking, lending, investing, and banking.
SoFi’s become popular among younger investors, too, as they offer fractional trading, meaning you can buy a piece of stock. This includes IPOs (initial public offerings), where you can buy a stock at the IPO price, not its “pop.”
But what sets SoFi apart from the pack is their early foray into cryprocurrency trading. Thanks to a partnership with industry-leader Coinbase, SoFi users can trade Bitcoin, Ethereum, and Litecoin.
Users love the simple interface showing stock, crypto, and ETF investments in a single frame.
Sign up now to begin investing, trading, and getting to the crypto game in minutes.
eToro: Best for Buying Bitcoin
Looking for a more comprehensive crypto trading platform? Look no further than eToro.
The eToro app makes it easy to buy and manage cryptos, while following each coin’s trends with charts and analysis tools. With eToro, there’s 0% commission and no hidden fees,
New to crypto? That’s ok, as they’ll give you a $100k virtual portfolio to practice your strategy. .
Over 20 million people globally trust eToro as their trading platform for 14 of the most popular coins including Bitcoin, Ethereum, Cardano, Litecoin, BTC Cash, Stellar, and more.
Users can rest assured that their coins are safe, as eToro employs industry leading security measures and all deposits are USA and FDIC insured, so you don’t have to worry about them being stolen.
Gatsby: Best for Trading Options
Are you a savvy trader looking for the next great investing app? Check out Gatsby, which allows you to trade stocks, options, and ETFs… without all the jargon and as little as $10 in your account.
Seasoned investors with a higher risk tolerance will enjoy the higher potential rewards of options trading, and Gatsby is one of the few platforms that offers completely free options trading.
While options trading isn’t for everyone- as it requires an opinion about the short-term direction of the underlying security- it can provide greater leverage on investments and a hedge against a downturn in other stocks or ETFs in your portfolio.
Check out the completely free options trading capabilities of Gatsby. The app has a 4.3 star rating with hundreds of reviews in both the AppStore and Google Play, so you know it has to be good.
Atom Finance: Best for Pro-Level Analysis
If you’re a seasoned investor, you’re familiar with the famed Bloomberg Terminal- the granddaddy of investment research. But since most of us don’t have an eye-watering $24,000/ YEAR to spend on data, professional-level trading insights have been out of reach. Until now.
Enter Atom Finance, an app that democratizes access to professional investor research. Within the easy-to-use interface, you’re able to screen the market for new trends and opportunities, search for SEC filings and investor documents, track your entire investment profile, and conduct comprehensive financial analyses. All in real-time. And joining is free.
Within the app, you’ll get institutional-grade live quotes, custom mobile alerts, and the latest breaking news anywhere in the world.
Bonus: Best Place to Buy, Sell, and Trade Crypto
If you’re looking to get into crypto and want a tried and true exchange, consider Coinbase. The platform went public in early 2021 thanks in part to their large user base- millions of users, reasonable fee structures, and world-class security.
Coinbase is also an easy choice for storing your crypto in their integrated wallet. Your coins are safe, as they not only employ 2-step verification, and hashing user passwords (to prevent hacks), they also store 98% of customer funds offline and insure 100% of all funds. Have questions for Coinbase? Contact their customer service team 24/7… how many fintech companies offer that (hint: not many)
Oh and they’re also offering $5 in free Bitcoin, just for signing up. Imagine how much that could be worth in a few years!?
Want more info on buying crypto? Check out our article all about How to Buy Bitcoin.