In recent times, investing software has grown in popularity because investment is becoming a big part of our existence. With investing software, beginners can now build their wealth from anywhere around the world. All they have to do is install some of the best investing software on their smart devices. There are numerous options to choose from, so it’s important to do it right. 

Here’s an in-depth review of the best investing software that has been compiled for beginners. 

Top 8 Best Investing Software for Beginners 

  1. Betterment – Best Investing Software for Beginners in Automated Investing 
  2. SoFi Invest – Best Investing Software for Beginners in Active Investing 
  3. Stash – Best Investing Software for Beginners in Learning Investment 
  4. Acorns – Best Investing Software for Beginners in Micro-Investing 
  5. Robinhood – Best Investing Software for Beginners in No Commissions  
  6. WeBull – Best Investing Software for Beginners in Self-Directed Investing 
  7. Public – Best Investing Software for Beginners in Social Investing 
  8. M1 Finance – Best Investing Software for Beginners in Hands-on Investing  

1. Betterment – Best Investing Software for Beginners in Automated Investing 

PRICING: Digital Investing at 0.25% per balance and Premium Investing at 0.40% per balance 

Betterment is built to make investing easy through the use of automated technology. This is a great investing software for beginners because it helps in managing money, investing money, and trading the market for investment opportunities. So, you can now plan your savings and investments in other to achieve your life goals. It offers two investing plans for beginners.   

KEY FEATURES: 

  • Automated Investing
  • Portfolio Options
  • Retirement Planning 
  • Crypto Investing 

REASONS TO BUY:

  • It offers hands-off investing 
  • It is your all-in-one financial dashboard 
  • Taxable and retirement account management 
  • It charges no fee on checking and savings account 

REASONS TO AVOID:

  • High minimum balance for the premium plan 

2. SoFi Invest – Best Investing Software for Beginners in Active Investing 

PRICING: Charges $0 per trade with a promotional offer of $5-$1000 in free stock 

SoFi Invest is a highly ranked investing software for beginners. It is an easy-to-use investing platform that allows you to invest all in one place. You can track stocks and ETFs, invest in IPOs or even explore automated investing. You can even start a crypto trading journey. 

KEY FEATURES: 

  • Active Investing 
  • Crypto Trading
  • IPO Investing
  • Retirement Accounts 
  • Automated Investing 

REASONS TO BUY:

  • User-friendly interface 
  • It offers fractional share options 
  • You can make financial planning at no-cost 
  • It is a great option for beginners willing to learn 

REASONS TO AVOID:

  • It offers limited investment options 

3. Stash – Best Investing Software for Beginners in Learning Investment 

PRICING: Get started at $1/month (Stash Beginner) and $3/month (Stash Growth) 

Stash is a good investing software because it offers value-based investment offerings. This one is great for beginners willing to learn all there is about investments. With the Auto-Stash feature, you can set aside up to 7x more toward your long-term goals. You can easily invest with fractional shares and it ensures you’re investing what you can afford on a set schedule. 

KEY FEATURES: 

  • Smart Portfolio 
  • Brokerage Account 
  • Retirement Account 
  • Auto-Stash 

REASONS TO BUY:

  • You can invest automatically 
  • Schedule regular investments 
  • Options to invest in stocks and ETFs
  • Users can customize investment goals 
  • It offers podcasts, quizzes, and challenges 
  • It provides visualization tools for investment plans 

REASONS TO AVOID:

  • It has only 4 trading windows 

4. Acorns – Best Investing Software for Beginners in Micro-Investing  

PRICING: Charges a flat fee of $1 to $5 per month 

Acorns investing software is great for automatically investing your spare change from purchases. You don’t have to wait to have a huge sum to invest. With Acorns, users can customize portfolios around financial goals, timelines, and risk tolerance. Also, you can open an account with a $0 minimum balance. You can invest in the background of your life with Acorns. 

KEY FEATURES: 

  • Smart Portfolios 
  • Checking Account 
  • ETF Investment 
  • Built-in Robo Advisor 

REASONS TO BUY:

  • An easy automated way to save for retirement  
  • It offers educational and investment support 
  • Automatically rebalances the portfolio 
  • It offers diversified investment options 

REASONS TO AVOID:

  • Monthly fees can be steep if you’re not investing big 

5. Robinhood – Best Investing Software for Beginners in No Commissions 

PRICING: Start with no fees and $5/month for Robinhood Gold 

Robinhood has made investing simple with its amazing user-friendly interface and wide range of features. As a beginner, you can start to build your portfolio with just a dollar and a dream. You can invest in stocks, options, and ETFs at your pace. You can also trade crypto commission-free. Join a new generation of investors and set yourself free from financial burdens for life. 

KEY FEATURES: 

  • Cash Card 
  • Stocks Investment 
  • Fractional Shares 
  • Cryptocurrency Options 

REASONS TO BUY:

  • It offers a simple and easy-to-use interface 
  • Commission-free with no minimum balance 
  • Customize portfolios and trade in real-time 
  • Availability of fractional shares 

REASONS TO AVOID:

  • Robinhood doesn’t sync with retirement accounts and no mutual funds 

6. Webull – Best Investing Software for Beginners in Self-Directed Investing  

PRICING: Offers $0.00 Commissions and No Deposit Minimums  

Webull is an excellent investing software for stock trading. It provides access to invest and trade on your smartphones. As a beginner, you will get 5 free stocks when you open and fund a new account. With its trading privileges, you can diversify your portfolio with a comprehensive suite of investment products. This includes stocks, options, ETFs, ADRs, and fractional shares. 

KEY FEATURES: 

  • Fractional Shares  
  • Investment Options 
  • In-depth Trading Analysis 

REASONS TO BUY:

  • Commission-free trading 
  • Invest in foreign companies 
  • Enjoy full extended hours of trading 
  • You can conduct technical analysis 

REASONS TO AVOID:

  • Limited educational tools 

7. Public – Best Investing Software for Beginners in Social Investing  

PRICING: No Fees, No Commissions, No Minimum Balance 

This investing software is great for beginners because it combines features from social networks with traditional brokerage features. This helps them to learn the ropes of investing way faster. The social nature of “Public” will help beginners study the market and join communities. You can build your own future by investing in stocks, crypto, and ETFs. 

KEY FEATURES: 

  • Fractional Shares
  • All-in-one Investing
  • Social Component 
  • Referral Programs

REASONS TO BUY:

  • No minimums and commission-free stock trading 
  • It offers fractional share investing 
  • Join millions of investors, creators, and analysts 
  • Provides educational resources for gathering insights 

REASONS TO AVOID:

  • No bonds or mutual funds investment opportunities  

8. M1 Finance – Best Investing Software for Beginners in Hands-on Investing  

PRICING: No Commission Fees and Get up to $250 when you sign up for a new Invest account 

M1 Finance is the super investing software with an intuitive user-friendly interface. This is the financial platform that will give beginners total control and total automation of their wealth for years to come. You can build a flexible customized portfolio of individual stocks and funds. Manage your money with ease as you can invest, borrow, and spend with its guidance.  

KEY FEATURES: 

  • Low-Interest Loans 
  • Hands-on Investing  
  • Hybrid Investment Setup 
  • Taxable Investment Account 
  • Automated Portfolio Management  

REASONS TO BUY:

  • It charges no commission on trading 
  • It supports fractional share investing 
  • You have the flexibility to build your portfolio 
  • You will earn a bonus when you switch to M1 
  • You will enjoy account protection with peace of mind 

REASONS TO AVOID:

  • It charges inactivity fees with no mutual funds trading 

Reference and Links

  • https://www.fortunebuilders.com/best-investment-apps/ 
  • https://www.cnbc.com/select/best-investing-apps/ 
  • https://www.moneytalksnews.com/best-investment-apps-for-beginners/ 
  • https://www.softwaretestinghelp.com/best-investment-apps-for-beginners/ 
  • https://www.nerdwallet.com/best/investing/investment-apps 
  • https://mint.intuit.com/blog/investments/best-investing-apps-for-beginners/ 
  • https://youngandtheinvested.com/best-stock-trading-software-platforms-for-beginners/