Ally Invest within the Ally mobile app is an excellent low-fee brokerage with no fees for stock, ETF, or options trades. It offers a focused and efficient mobile investment experience. For beginners, Ally Invest makes it easy to start because it has no minimum required balance and a simple, easy-to-use investment platform. For a more robust experience, you can log onto the Ally website.
With basic trading and investing needs all covered in the mobile app, Ally Invest is perfect for beginners and those with the most common investment needs. Cryptocurrencies are a newer asset to the platform, but there are no bonds, mutual funds, or other assets.
This brokerage app supports both taxable and IRA accounts. With many features focused on active stock and options traders, the app may be a bit overwhelming for beginners.
This app makes it easy and fun to contribute to your investment account with creative funding options, including recurring transfers and round-ups for purchases made with connected cards.
Investments are recommended specifically for you based on the survey you make investments on the internet out when signing up for an account.
The biggest downside of Acorns is the fee structure.
A couple of dollars a month may not sound like much, but it could be a big percentage of your balance on smaller accounts.