The best stock app for beginners is eToro. On eToro, you can buy and sell stocks and ETFs, track different stocks within your watchlist, stay up-to-date on each company in your portfolio, and learn from other investors and traders.
Beyond its speed, reliability, and security, eToro stands out as the best stock app for beginners because of its social trading features.
Social trading is a hybrid between social media and investing, meaning you can easily share ideas and communicate with other investors. eToro is one of the most popular social investing platforms in the world and has more than 28 million users worldwide. eToro allows you to trade alongside and learn from some of the best investors in the world.
In addition to its primary investing features and social elements, other features worth highlighting include:
Assets
After opening an account with eToro, you can invest in stocks, cryptocurrencies, and ETFs.
- Stocks – Choose from 2,074 of the top U.S. companies and invest with zero commissions. eToro also allows you to purchase fractional shares, which means you can get started investing with as little as $10.
- Cryptocurrencies – Buy any of the 24 leading cryptocurrencies and store it on the eToro Money crypto wallet.
- ETFs – Exchange-traded funds allow you to invest in many assets with a single purchase. Choose from 222 stock, bond, and other ETFs to instantly have a well-diversified, balanced portfolio.
Demo Account
Not sure you’re ready to start investing your hard-earned money? Don’t worry – eToro has you covered.
Every new account on eToro is provided with a $100,000 virtual portfolio. With it, you can practice investing in every financial market and familiarize yourself with the fluctuations of the stock market and get a better understanding of how eToro works.
Then, when you’re prepared to invest, simply toggle to real trading.
Stock market simulators are my most recommended tool for new investors, and eToro has the best stock market simulator, in my opinion.
Best of all, eToro’s Demo Account is completely free.
CopyTrader
eToro leveraged its vast network of experienced traders and investors to build its flagship feature: CopyTrader.
Copy Trading refers to software that allows you to copy top stock traders and replicate their returns. Instead of becoming an expert yourself, you can copy their trades and mirror their portfolios.
eToro’s CopyTrader is, in my opinion, the best copy trading platform.
You can find investors to copy by filtering by performance, strategy, risk tolerance, nationality, and more.
Plus, eToro is built for social investing so it’s easy to communicate with every trader you’re interested in copying. You can learn from and copy the best traders, simultaneously.
And CopyTrader is completely free to use.
