In this article we discuss the 5 best investment apps for beginners. If you want to read our detailed analysis of these apps, go directly to the 16 Best Investment Apps for Beginners.
5. E-Trade, Owned by Morgan Stanley (NYSE: MS)
Google Play Store Rating: 4.6/ Downloads:10,00,000+
E-trade is another very prestigious investment app. It is owned and operated by Morgan Stanley (NYSE: MS). Morgan Stanley (NYSE: MS) is a publicly traded financial services company based in New York City. The present day Morgan Stanley (NYSE: MS) was formed as a result of merger between the original Morgan Stanley company and the Dean Witter Discover & Co.
Morgan Stanley (NYSE: MS) is primarily involved in wealth management and investment management with E-trade largely serving the investment side of the business. E-trade offers a wide variety of assets that people can invest in. These include stocks, options, mutual funds, ETFs, futures, bonds and CDs.
The app is beginner friendly according to most reviews on forums like Reddit and Quora. There is a dedicated section in the app for people who are new to investments. The app also offers managed portfolios with teams of financial experts. Self managed accounts get sophisticated research tools for market analysis.