With the rise of fintech, there are more and more free and open source investment management software available for beginner investors in 2020. Choosing the right tool that fits your needs can be tricky. Based on functionality, ease of use and community support, we summarize the top 3 open source investment software on GitHub for new investors.
Portfolio management app KMyMoney – Comprehensive personal finance solution
KMyMoney is a free open source personal finance manager developed by KDE community since 2002. It offers comprehensive investment portfolio management functionalities including transaction management, budgeting, reports and investment performance analysis. The intuitive user interface and abundance of features make KMyMoney a great choice for beginners to track their investment positions.
Cryptocurrency portfolio tracker CoinTracking – Specialized for crypto investors
As a dedicated cryptocurrency portfolio management solution, CoinTracking provides a user-friendly interface for investors to track coins from different wallets and exchanges. It supports tax reports for major countries. The free version tracks 200 transactions. The paid plans unlock more advanced features like unlimited transactions, alerts and API access.
Mobile app TraderX – Focus on stocks and options trading
TraderX is an easy-to-use mobile app for stocks and options traders. It enables new investors to quickly record and analyze their equity transactions. The app provides real-time stock prices and interactive charts. It also includes useful trading performance analytics. The free basic version comes with ads, and premium subscription unlocks more features.
For new investors in 2020 looking for open source investment management solutions, KMyMoney, CoinTracking and TraderX are the top recommendations based on functionality, usability and community support. They help investors efficiently track and analyze their investment portfolio performance.