Apps are making the world an easier place to live in daily, and now with mobile app development, mobile phones now have the ability to make you some extra money too. Investment apps might seem like a complex nut to crack but the majority of apps are making their platforms easy for every user.
Gone are the days of needing to work on Wall Street to make some money on investments and stock trades, here’s a look at some of the best apps to try investing on 2018:
Named after the storybook hero that robbed from the rich to give to the poor, the Robinhood apps unique selling point is that it offers free stock trades, to an extent.
Sadly, it’s not technically free, but it’s the closest you get to it in 2018. The Robinhood app offers stock trades without having to pay charges and fees from the administrator/ app. The app is simple and easy to use, just download it and connect it to your bank account and then you’re ready to start trading.
This app doesn’t have a much depth and options as other apps it’s compared too, but for being the lowest price it’s a fair compromise. The software doesn’t have as much invested into the development side as it’s a low budget organisation that passes its savvy savings onto the users by not charging admin fees.
The apps only real restriction is that it offers trading hours and margin accounts, however, there is an option to pay for an all-access pass to constant trading abilities. This is likely how the apps make its small profits.
The automatic investment app makes this platform popular. Acorns are the best option for those not wanting to spend a lot of time on the app, it offers a “spare change” option that organises your priorities without needing to edit your requirements.
The spare change function is set up once you connect your bank detail up, the app uses the change from your daily personal transactions and puts the change into your selected investing options, all without needing to revisit the app. So, if you buy a sandwich from a local store for £2.55, the 45p change will be used in your investments.
It’s a simple service that people love, you won’t feel the sting of sending money to the app and it’s all done with money you’re not really fussed about. Naturally, you can cap the amount your putting in, but if you ever work out your daily change it’s never very money.
The true app for beginners, Stash is an app specifically designed for newcomers. The app dilutes all the technical lingo and helps you create a strong investment portfolio. The app also helps make investment choices and explain everything you do and the reason for different options.
It’s a hard app to say no to for beginners and naturally, the setting can be altered if you become better with the app and the customization on the app makes it perfect for different users.
There are plenty more investment apps to look at but these 3 offer a friendly platform to learn from with a few of their own quicks that will attract the own users. UK app development has added a lot to the industry and there are already signs of more business apps coming into mainstream easy use.