Best Robinhood Alternatives To Start Investing Your Money Better
Best Robinhood Alternatives To Start Investing
Robinhood has been in the news a lot lately. If you are using the Robinhood app for investing, you might be considering switching or just testing out something different. Here you’ll learn a bit about the Robinhood app, the best Robinhood alternatives.
Acorns is a popular finance app that also lets you invest in multiple trading options at $0. On their investing side, you have some neat options. They are a micro-investing account, which allows you to invest your spare change.
2. M1 Finance
M1 Finance is a free brokerage and financial platform that offers “automated investing.” When you invest with them, you’ll be able to invest in fractional shares of stocks or even ETFs.
Another investing app to consider is Stash, which you’ll have access to banking, investments, retirement, and saving all in one. Like some of the other Robinhood alternatives, Stash lets you invest with any dollar amount because of their fractional sharing options.
Many people love no commissions or no fees, which is why many investing apps offer that service. And Webull is no different. The investment company offers $0 Commissions and no deposit minimums.
5. Ally Invest
Ally Invest may sound familiar because it’s another product off the widely popular Ally Bank. However, you do not need to be a banking customer to have access to their investing platform. With Ally Invest you have two trading options, self-directed trading, and managed-portfolios.
While most of these alternatives to the Robinhood app offer free commission trades, Stockpile is different. The company charges $0.99 per trade, which is still a fairly solid price. You can also open an account for kids or teens.
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