When it comes to investing and trading, the key is to choose a safe platform. It’s possible to make money on the stock market with an app, but how do you choose the best one? Here are some things to look for in an app. Some apps will require you to link a bank account, while others will only let you invest with the money in your checking or savings account. Listed below are some apps that are safe to use.
The security of investment apps can be assured by their industry-standard security tools and protocols. Most of these platforms have been around for at least a decade, and many use industry-standard security protocols to protect your personal information. Also, some have Securities Investor Protection Corporation insurance for up to $500,000 in cash or securities, regardless of whether you are trading in a regulated or non-regulated market. To be safe, choose a platform that offers a secure interface and a low cost of use.
Fidelity offers several mobile apps that offer basic investing features. Their investing app is free to use and shares the login with Ally Bank. It features basic stock research, recent news, and easy trading. Unlike other apps, Ally Invest offers robo-advisory services, high yield savings accounts, checking accounts, mortgages, and personal loans. A free app will allow you to invest and trade without any hassles.