Popular Investment Apps and Why You Need to Use One
Trying to earn passive income is one of the main financial goals people set out for themselves. We are told from the moment we begin earning money that we should invest, but investing feels like a frightening proposition for many, given the vagaries of the market and a lack of financial education amongst the general public. Luckily, apps can help make the work much easier, and investing apps can help you get your finances on track. The following are a few compelling reasons to download an investment app today and get your finances organized as soon as possible.
If you’re new to the world of investing and need to begin learning about finances, Avatrade is a great option. It has been around for a while and allows a variety of trading to occur. You can look into forex, stocks, commodities, and even cryptocurrencies. The trading is automated and offers a wide selection of trading platforms that can be set up to help you automate a lot of the work. Another bonus? It works across a variety of devices with ease, so it’s less of a hassle.
If you’re especially interested in trading cryptocurrencies, then Etoro is a great app to discover. While you can do a bit of investment app comparison through a quick Google search, you’ll find that Etoro often comes up as one of the genre’s dependable mainstays. It used to come with a five-dollar withdrawal fee which alienated some potential customers, but that has now been waived for clients based in the United States. Unfortunately, the fee has stuck for those living beyond that country’s borders. Nonetheless, it remains a pretty user-friendly app that offers excellent services for those that are especially interested in forex trading and cryptocurrency. it’s also one of the older finance apps available on the market, and it’s long been a favorite due to how easy it is to use.
This app has been around since 2002, and it’s mostly geared towards Polish customers. It has a wider pool of clients now, and with good reason. Users can trade stocks, ETFs, options, and even cryptocurrency easily and quickly. XTB is also great for getting into metals, commodities, and other elements of the brokerage landscape. It is now regulated in the UK, as well as the Polish Financial Supervision Authority, and keeps U.S.-based traders outside the game. However, this means that it is an excellent option for people based in Europe. The interface is really easy to navigate, and it provides an excellent introduction to the market for beginners. The catch, however, is that no advice is given regarding investment options, and you will have to invest based on your knowledge.
There are so many apps available on the market these days, and this list just scratches the surface. However, the three listed here do represent some of the most well-known and beloved apps and can help any amateur investor to get started. Of course, reading up on stocks and the market beforehand is important, but you can also turn to apps for some guidance.