With the popularity of mobile internet, more and more investing apps have emerged, providing great convenience for investors. For minors who are just starting their investment journey, easy-to-use and educational apps are essential. After research and comparison, apps like Stash, Public and Invstr stand out as the best investing apps for minors. These apps have simple interfaces, offer custodial accounts, provide investment education, and have low minimum deposits, making them perfect for teenage investors.
Stash app offers custodial accounts and investment education for minors
Stash is designed specifically for new investors, including teenagers. It provides custodial investment accounts for minors, allowing parents to monitor account activities. Stash offers over 30 different investment options catered to different risk tolerance levels. It also provides useful investment education contents like ‘Investing 101 for Teens’ to help minors learn investing basics. The easy-to-use interface, $1 minimum deposit, and auto-deposit feature further make Stash an ideal starting point for aspiring young investors.
Public app has community features to guide minor investors
Public is another investing app suitable for minors. It allows teens under 18 to open custodial brokerage accounts with guardian permissions. Public not only offers commission-free trading of stocks and ETFs, but also provides a community space for investors to discuss investment ideas and strategies. Teenage investors can learn from experienced investors in the community. Public also offers bite-sized investment lessons and news digests to educate new investors. With advanced order types and an intuitive interface, Public helps minors grasp investing progressively.
Invstr gamifies investing process to engage minor investors
Invstr aims to make investing fun and approachable for young investors through gamification. Teens can open custodial investment accounts and access more than 50 virtual stocks and ETFs to practice investing. By completing investment literacy challenges, minors can also earn rewards to invest in real stocks and ETFs commission-free. The app incentivizes consistent investments by giving badges and allowing account customizations. Invstr uses notifications and feedback to guide teenage investors as well. The gamified and incentivized process helps sustain minors’ interests in investing.
Easy-to-use investing apps like Stash, Public and Invstr make great starting points for minors to embark on their investing journeys. With custodial accounts, investment education, an engaging interface and low deposit requirements, these apps help overcome barriers and foster good investing habits among aspiring teenage investors.