Top 5 Investment Apps For Millennials

1. Robinhood It provides 100% commission-free stock, options, ETF and cryptocurrency trades, and its account minimum is $0 too. Mutual funds and bonds aren’t supported, and there’s only one account option. Still, if limiting costs is your No. 1 concern, Robinhood is a solid choice.

2. Fundrise The company’s main products are real estate investment trusts, or REITs, which generally invest in income-producing real estate, either through buying and managing buildings or by holding mortgages. These are REITs that don’t trade on a public exchange — they’re highly illiquid. That means there’s no guarantee there will be buyers for investors who want to sell shares. (Fundrise offers a redemption program, but it comes with caveats; more on that below.)

3. Metatrader 4 It is the world’s most popular electronic trading platform used by forex day traders. The software is licensed to forex brokers, who then provide the software to their clients. The server component is managed by the broker. Whilst the client software is used by those holding trading accounts to view live streaming prices and charts, place orders, and generally manage their accounts.

4. M1 Finance The way M1 Finance sets itself apart from other tools and platforms like Robinhood and Wealthfront is by combining elements of traditional online brokerage and existing robo-investor tools. When you sign up for a standard robo-investor tool, you will be asked a series of questions to determine your risk tolerance and investment goals.

5. TD Ameritrade It requires no minimum investment and delivers standout features, including extensive — and free — research and data, portfolio-building guidance, a large selection of commission-free exchange-traded funds and more than 350 branches for in-person customer support. Investors have a choice of four trading platforms, but frequent traders may be turned off by the broker’s higher-than-average $6.95 trade fee.

DISCLOSURE:  This post contains affiliate links, which means I may receive a small commission, at no cost to you, if you make a purchase through a link.

Published by jemvolition

Freelance Writer/Author

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