📈 The Best Investing Apps for Beginners: WeBull, Moomoo, and Robinhood
Investing can be a daunting task, especially for beginners. With so many options available, it can be difficult to know where to start. That's why we've put together a list of the best investing apps for beginners. In this article, we'll be discussing WeBull, Moomoo, and Robinhood. We'll go over the pros and cons of each app, as well as their features and ease of use.
📱 WeBull
WeBull is our personal favorite investing app for beginners. It's perfect for all types of investors because it's beginner-friendly, allows fractional shares, has advanced technical analysis tools for experienced traders, and also allows you to invest in a wide variety of cryptocurrencies.
Pros
- Beginner-friendly
- Allows fractional shares
- Advanced technical analysis tools
- Wide variety of cryptocurrencies
Cons
- Separate app required for crypto trading
WeBull is a great app for beginners because it's easy to use and has a lot of features that are helpful for new investors. The app is available on both iOS and Android devices, so you can use it on your phone or tablet. WeBull also offers three different types of IRAs, including traditional, Roth, and rollover IRAs.
One of the best things about WeBull is that there are no commission fees on your investments. This means that if you make $100, you keep all $100. The only fees WeBull has are on certain options contracts where you have to pay a 55 C fee per contract, which is practically unnoticeable if you profit on your trade.
How to Use WeBull
To buy stocks on WeBull, all you have to do is search up the stock you want to invest in, press on the ticker, then at the bottom where it says trade, you want to press trade. Select the amount of shares you want to buy by pressing the little plus button, then once you choose the amount of shares you want to buy, you press the buy button, which will bring up one more confirmation screen explaining what you're about to buy. If it looks good, you'd press confirm to buy the stock.
If you wanted to buy options instead, you'd press the options button next to the trade button at the bottom, select a put or a call, then press the plus sign until you choose the amount of contracts you wanted. Press buy, then confirm your trade by pressing confirm.
WeBull is a great app for beginners, especially right now because all new members get a free $18 to $118,000 signup bonus. To claim your free stocks, all you have to do is sign up with the special link in our description, deposit any amount of money, and then claim your free stocks.
📱 Moomoo
Moomoo is another great investing app for beginners. It's easy to use and has a lot of features that are helpful for new investors. Moomoo offers commission-free trading, which means that there are no fees on your investments.
Pros
- Commission-free trading
- Great for options trading
- Every feature a pro trader would need
Cons
- No fractional share investing
- A little complicated for beginners
Moomoo is a great app for options trading. They have virtually every technical analysis tool ever, which in our opinion makes up for having no fractional shares. Moomoo also allows you to paper trade, which is a great way to practice trading without risking any real money.
Moomoo has a 5.1% APY, which means that if you had $10,000 of uninvested cash in your account, you'll be making around $510 per year in interest. Moomoo also sends you tons of investing news, which can help you make better investment decisions.
How to Use Moomoo
To buy stocks on Moomoo, all you have to do is click the stock you want to invest in, press trade, then press buy. For options, you'd press trade again, then select options instead of buy. Select your expiration date up top, then select a call or a put and place your order.
Moomoo is a great app for beginners, but it is a little complicated. Overall, we'd give Moomoo a 7.5 out of 10 as an investing app.
📱 Robinhood
Robinhood is the easiest investing app to use because the interface was specifically designed for beginner investors. However, there are some drawbacks to using Robinhood.
Pros
- Easy to use
- Allows fractional shares
- Offers trading in over 25 different cryptocurrencies
Cons
- Account freezes
- Crypto chart glitches
Robinhood is a great app for beginners because it's easy to use and allows fractional shares. Robinhood also offers trading in over 25 different cryptocurrencies, which is a great feature for those interested in crypto trading.
How to Use Robinhood
To buy stocks on Robinhood, all you have to do is search for the stock you want to invest in, click it, press trade, then press buy. For options, you'd press trade again, then select options instead of buy. Select your expiration date up top, then select a call or a put and place your order.
Robinhood is a great app for beginners, but it does have a history of doing sketchy things. For example, they froze trades during the GameStop short squeeze incident, and their crypto chart glitches in 2021. Overall, we'd give Robinhood a 6 out of 10 for reliable investing purposes.
🏆 Conclusion
In conclusion, WeBull is the best investing app for beginners. It's easy to use, has a lot of features that are helpful for new investors, and offers a great signup bonus. Moomoo is a great app for options trading, but it is a little complicated for beginners. Robinhood is the easiest app to use, but it does have a history of doing sketchy things.
Regardless of which app you choose, make sure to sign up for all the apps in our description to get your up to $48,600 in free stocks before the offers expire.
🌟 Highlights
- WeBull is the best investing app for beginners
- Moomoo is great for options trading
- Robinhood is the easiest app to use
- All three apps offer commission-free trading
- WeBull offers a great signup bonus
❓ FAQ
Q: Do these apps offer commission-free trading?
A: Yes, all three apps offer commission-free trading.
Q: Can I buy fractional shares on these apps?
A: Yes, you can buy fractional shares on WeBull and Robinhood, but not on Moomoo.
Q: Can I trade options on these apps?
A: Yes, you can trade options on all three apps.
Q: Do these apps offer IRAs?
A: Yes, WeBull and Robinhood offer IRAs.
Q: Do these apps offer a signup bonus?
A: Yes, all three apps offer a signup bonus. WeBull offers the best signup bonus, followed by Moomoo and Robinhood.
Q: Are these apps easy to use?
A: Yes, all three apps are easy to use, but Robinhood is the easiest.
