Investing can sound like a big, scary word, especially when you’re just starting out. But don’t worry! It’s not that complicated, and there are so many great apps out there that help to achieve that. So here’s the thing if you are a beginner planning to invest and want to know which app to choose for investing I got you covered.
So here is a breakdown of some of the best apps to use if you’re starting your investment journey without the stress. Without further ado, here are some of the best investment apps for beginners.
1. HDFC SKY – Probably the coolest application for newbies to the stock exchange market.
Why it’s good for beginners:
Starting an investment may sound like a hectic task which is why HDFC SKY is kind of like a superhero app for beginning investors. It has all the tools to help you make better decisions. It brings easy operation and as you type, it auto teaches you what to do next instead of feeling confused.
What you get:
No maintenance fees for the first year:
This is awesome because most apps open your account and immediately take fees to keep your account open, but not HDFC SKY, you are free to learn the tricks and ways of making your money grow for one complete year without any kind of fees.
Low trading fees:
You only are charged RS. 20 when you are buying or selling shares. That is why it costs less than most apps, to offer its users the best value for their money.
Lots of options:
With Invest in Australia, you can buy stocks in over 3,500 companies as well as access to over 100+ ETFs (these are unique forms of investment, more details below). Others include; It also allows you to trade such assets like futures, options, and even currencies!
Easy to use:
One of the biggest strengths about the app is its interface while it stays minimalistic and simple. No, it’s not confusing, although it helped to make the process of learning how to invest a whole lot easier.
Extra Learning:
You can always get many things with HDFC SKY because they provide you will a lot of literature you will use to enhance your knowledge in investment.
Angel One is a user-friendly, low-cost platform ideal for beginners, with no account opening costs, low broking fees, and useful research tools to help you along your investment path. It’s an excellent choice for individuals just beginning out in investing, thanks to its user-friendly design and outstanding customer service. Open an account with Angel One– Click here
2. Zerodha Kite: one of the most used stock trading platforms in India.
Why it’s good for beginners:
Zerodha Kite is one of the top Investment apps you can find in India and there is a reason behind it! It offers people getting into the industry an easy-to-understand interface because it doesn’t have many complications, but if you are interested, there are some interesting features which are added for those who want to be more serious about investing.
What you get:
Real-time stock data:
You have the opportunity to receive the information concerning the stocks prices, so you are informed on what is going on in the market.
No commission fees on mutual funds:
What this means is that it will be possible to put money into mutual funds without the added cost of extra fees.
IPO investments:
You can take advantages of Initial Public Offerings (IPOs) easily, which is widely used for buying new stocks in new companies when it floats its initial share.
Leverage:
Some of the things that you can do include switching your securities to the trading account of a brokerage firm, trading on margin where you can borrow money to trade stocks, trading on margin whereby you can borrow money to trade stocks and requirements for trading.
3. Upstox Pro: For People Who Start Trading Fast
Why it’s good for beginners:
Upstox Pro is very helpful if you want to invest in every kind of market such as stocks, mutual, funds and commodities. Another is that although it’s easy to use for starters, it also provides some additional features when one has known all basic components.
What you get:
Tools for advanced traders:
Despite the fact that Upstox Pro is specially designed for beginners this platform has powerful tools such as TradingView to make a chart so as a professional trader you will be able to make better decisions.
Invest in different things:
It encompasses buying and selling of shares, stocks, IPOs, mutual funds and bonds besides CFDs, currencies, gold and silver among others.
Zero account opening charges:
It doesn’t cost you a cent to create your account, and yes that is always a bonus!
Low brokerage charges:
Equity delivery costs RS. 20, and equity intraday trade costs RS. 20; thus, it is not much to invest when trading.
4. Angel One – A Platform to Begin With
Why it’s good for beginners:
Angel One – earlier known as Angel Broking is the other top option which is perfect for the newcomers. Easy to use, low cost, and comes with diverse products to invest in. Second of all, it has a rather good customer service which can be incredibly useful when you’re at your early stages.
What you get:
Zero account opening fees:
As is the case with some of the other applications, the account does not need to be opened for a fee, and this is great!
Low brokerage charges:
The trading transactions cost you only twenty Indian Rupees per order which makes it good for new investors.
Great research and recommendations:
You receive research reports besides getting expert tips on what to do when using the app.
Easy-to-use app:
The idea is also to keep the app as simple as possible in order not to complicate it for new learners using the application.
Angel One is a beginner-friendly, low-cost platform with zero account fees, low brokerage, and expert research tools to kickstart your investment journey. . Open an account with Angel One– Click here
5. 5paisa: Beginner’s new hero
Why it’s good for beginners:
Another good one for people new to the world of earning money is the 5paisa app. Besides that, it has numerous investment choices and is one of the only few apps that let you invest in US stocks which is great if you want to try investing in international businesses.
What you get:
Advisory services:
It assists you to make the right decisions of your choices because it advises you depending on what you wish.
Real-time market data:
In addition to quotes, stock prices, news, and research reports may be viewed within the application.
Invest in US stocks:
You have an opportunity to buy the shares of American companies without any additional commission.
Conclusion
All these applications can be recommended for beginner users, and each of them has interesting additional options. Still, if choose between all those they are the best for the new starters I would suggest Angel One and HDFC SKY. It is user-friendly, contains a wide range of literature explains how to invest, and has low tariffs, which means that you can invest without great concern.
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