One of the best ways to invest in the stock market today is through an online trading platform. It's fast, simple and cost-effective, which makes it ideal for any beginner investor looking to get started in the world of stock trading.
In order to help you find the best investing site for beginners, we've put together this list of five of our favorite picks. Let's dive right in!
1) Ally Invest
Ally Invest is a great place to start investing. They have tools and educational material that makes it easy to understand how to get started with investing. The best part is that you can open an account with as little as $1,000, making it a great choice for beginners who want to take their first steps into investing.
Plus, Ally Invest offers competitive rates and low fees on trades. If you're just getting your feet wet in the world of investing, then Ally Invest is a solid option.
2) TradeStation
TradeStation has one of the most popular platforms among active traders. It has a lot of similarities to other major trading platforms like E-Trade and Charles Schwab, with a few key differences.
One is that TradeStation offers both real-time stock quotes and delayed quotes (a 15 minute delay). Another difference is that you can't trade mutual funds on this platform, but you can buy individual stocks and ETFs.
TradeStation is great for more experienced traders because it offers an advanced charting package that can be used to draw trend lines and identify patterns, as well as a huge selection of technical indicators. If you're just starting out in investing though, there are better choices out there.
3) Robinhood
Robinhood is a trading app that lets you buy and sell stocks and ETFs with no commission. It was founded in 2013 by Vlad Tenev, who was previously a co-founder of the social networking site RockYou! As an investing platform, Robinhood’s motto is Invest like you’re rich.
1) Robinhood is easy to use. It comes with a stock tracker, news feed, and trade history to help beginner investors track their progress. The app also offers pre-designed watchlists so that you can follow your favorite companies or industries closely without having to do any research on your own.
4) ShareBuilder
ShareBuilder is a great option for beginners because it is simple and easy to use. ShareBuilder makes investing as easy as buying your next coffee, and can help you grow your money over time. You can start with as little as $25 or get started with an initial deposit of $250.
You'll be able to choose from pre-selected portfolios that are based on different investment objectives, such as retirement or growth. You'll also be able to customize your own portfolio by adding investments like stocks, bonds, ETFs, and mutual funds. Once you have selected your portfolio, you will then select how much of your balance should go into each investment.
If you have any questions about how best to invest for what you want out of life, we're always here to help!
5) Scottrade
Scottrade is a low-cost brokerage that provides all the tools and education you need to start investing. Sign up with Scottrade, and you'll get $1,000 in trades to help you get started.
You can create an investment account with as little as $500, or invest more if you want. You'll also have free access to a library of educational videos and articles about investing so you're fully prepared when it comes time to make your first trade.
If you've never invested before, this is one site that will definitely help guide your way.