With the rise of retail investing, there has been an explosion of apps focused on investing in recent years. However, not all invest apps are created equal. Choosing the right app is crucial to have a smooth and successful investing experience. In this article, we will look at the top 3 fish invest apps for stocks and cryptocurrency in 2023.
Robinhood – Best for beginner stock investors
Robinhood is one of the most popular invest apps, with over 22 million users. Its simple and easy-to-use interface makes it a great choice for beginner investors. Users can invest in stocks, ETFs, options and cryptocurrencies commission-free. The app also offers educational resources like video lessons to help new investors learn the ropes. However, Robinhood has limited research capabilities and less advanced trading features compared to full-service brokerages.
Coinbase – Best for buying and selling crypto
As a leading cryptocurrency exchange in the US, Coinbase offers a user-friendly app to invest in over 100 cryptocurrencies. Investors can easily buy, sell and store crypto on the platform. Coinbase also has advanced features like staking and Coinbase Earn to help users earn rewards on their crypto holdings. The company is licensed and insured, providing a secure crypto investing environment. However, trading fees can be high compared to other crypto exchanges.
M1 Finance – Best for automated investing
M1 Finance is ideal for hands-off investors looking for automated investing options. Users can build custom portfolios with stocks and ETFs, set target allocations, and M1 will automatically rebalance the portfolio over time. M1 offers retirement accounts like IRAs with no management fees. The app also allows users to borrow against their portfolio at low interest rates. However, trading individual stocks has limited flexibility compared to Robinhood.
In summary, Robinhood, Coinbase and M1 Finance stand out as top fish invest apps for different investor needs in 2023. Robinhood excels for stock beginners, Coinbase leads for crypto traders, and M1 automates custom portfolio investing. Evaluating your specific requirements and use case is key to picking the best invest app to meet your needs.