Choosing the Best Investing App for Beginners

Entering the world of investing can be daunting for beginners. The right investing app can make this journey smoother, providing the necessary tools and resources to build a solid investment portfolio. In this blog, we’ll compare some of the top investing apps available for beginners and highlight how Surmount addresses the shortcomings of other platforms while offering standout features.

Key Features to Look for in an Investing App

Before diving into our comparisons, it's essential to understand the key features that make an investing app beginner-friendly:

• User-Friendly Interface: Simple and intuitive navigation.

• Educational Resources: Tutorials, articles, and videos to help you learn.

• Low Fees: Minimal charges for trades and account maintenance.

• Customer Support: Accessible and helpful customer service.

• Investment Options: Variety of assets to invest in, including stocks, ETFs, and bonds.

• Tools and Analysis: Features that help analyze and track investments.

Top Investing Apps for Beginners

Robinhood

• Pros:

  • Commission-free trades

  • User-friendly mobile app

  • No account minimums

• Cons:

  • Limited research and educational resources

  • No retirement accounts

How Surmount Steps In: While Robinhood's commission-free trades are appealing, its lack of educational resources can leave beginners in the dark. Surmount fills this gap with a wealth of tutorials, articles, and videos tailored for different skill levels, ensuring users are well-informed.

E*TRADE

• Pros:

  • Extensive educational resources

  • Wide range of investment options

  • Robust trading platform

• Cons:

  • Higher fees for options and futures trading

  • Can be overwhelming for absolute beginners

How Surmount Steps In: E*TRADE offers a comprehensive platform but can be overwhelming for newcomers. Surmount simplifies the experience with an intuitive interface and no-code strategy development, allowing beginners to create and test trading strategies without any programming knowledge.

Stash

• Pros:

  • Simplified investment options

  • Educational content tailored for beginners

  • Automatic investing feature

• Cons:

  • Monthly fees

  • Limited investment choices compared to other platforms

How Surmount Steps In: While Stash's automatic investing feature is convenient, its limited investment options can be a drawback. Surmount offers a wider variety of assets and comprehensive backtesting tools, enabling users to refine their strategies with extensive historical data.

Acorns

• Pros:

  • Automatic rounding up of purchases for investment

  • Simple, hands-off approach

  • Educational resources available

• Cons:

  • Monthly fees that can be high relative to small account balances

  • Limited investment options

How Surmount Steps In: Acorns' approach is great for hands-off investing, but its fees can add up quickly. Surmount provides low fees with minimal charges for trades and account maintenance, making it an affordable choice for beginners with limited capital.

Why Surmount is the Best Choice for Beginners

Surmount is designed with beginners in mind, making it the ideal app for those new to investing. Here’s why:

• No-Code Strategy Development: Surmount's unique no-code feature empowers users to create and test trading strategies without needing any programming knowledge. This removes a significant barrier for beginners, making it easier to engage with and understand the trading process.

• Educational Resources: Surmount provides a wealth of educational content tailored to beginners, ensuring that users have access to the information they need to make informed decisions.

• User-Friendly Interface: The platform’s interface is intuitive and easy to navigate, reducing the learning curve for new investors.

• Comprehensive Backtesting Tools: Surmount allows users to test their strategies against historical data, helping them refine their approach before committing real money.

• Transparent Trading History: With real-time access to trading history, users can track their investments and learn from their successes and mistakes.

• Low Fees: Surmount offers competitive pricing with low fees, making it an affordable choice for beginners who may have limited capital.

• Excellent Customer Support: Surmount's responsive and helpful customer support team is always ready to assist with any questions or issues, providing peace of mind for new investors.

Conclusion

Choosing the right investing app is crucial for beginners looking to start their investment journey. While there are several good options available, Surmount stands out for its user-friendly features, educational resources, and unique no-code strategy development. These advantages make it the best choice for new investors aiming to build a strong, informed foundation in the world of investing.

Start your investing journey with Surmount today and experience the difference for yourself. With the right tools and support, you'll be well on your way to achieving your financial goals.


The information presented is for educational purposes only and not an offer or solicitation for any specific investments. Investments involve risk and are not guaranteed. Consult with a financial adviser before making any investment decisions. Past performance does not guarantee future results.