Best Apps For Young Adults To Learn Stock Investing

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Stock trading and investments are fast becoming a trend for many young adults as an additional method to investing their money, planning for the future, or those who are simply curious about this option which has become more accessible to the average person.

Laying down real money from the get-go without any trading or investment knowledge is risky, not to mention that brokerages require you to be a minimum of 18 years old in order to be able to open a brokerage account in your own name, however, there are many apps now available that can help you learn more about stock investing (some free and others paid for) and even a few apps now available to practice trading using virtual money.

We’ve listed a few here but if you know of others please comment below!

MNYMSTRS – Money Masters

Website: www.mnystrs.com

Cost: FREE

Since you’re reading this, you probably already know that some people invest their money to grow their wealth.  Even if you don’t understand investing, you might still be curious and wonder what all the fuss is about.  Irrespective of what you know (or don’t know) about investing right now, it’s never too late to learn. MNYMSTRS is a free academy that offers young adults an interactive online learning experience to simplify the complexities of finance. You can even experience fantasy stock trading and win real rewards. You can sign up for free or download their iOS or Android apps.

The academy gives young adults bite-sized courses to learn about financial terms looking at real-world examples including articles that provide context to these concepts. There is an ‘Arena’ which allows you to experience fantasy stock tracking with the chance to real rewards like Amazon vouchers – a great motivation!

Investopedia Stock Market Simulator

Website: https://www.investopedia.com/simulator/

Cost: FREE

This platform is geared towards those with a little more stock market knowledge. Investopedia offers a free account to practice your skills in trading. You can practice trading and investing by yourself or join a game with hundreds of thousands of other like-minded educated investors. They don’t offer an app on Android or iOS however their site is mobile responsive.

Stash

Website: https://www.stash.com/

Cost: Starts from $5

Stash is aimed at those who are already familiar with investing and it makes it affordable for the average American to build wealth and reach their financial goals.  With fractional shares, anyone can invest in the stock market for as little as $5.  Along with other investing and saving tools, such as the Stock-Back® Card1, Stash helps more than 5 million people reach their financial goals. However, be sure to watch out for their high monthly fees especially for those with a low account balance.

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Webull

Website: https://www.webull.com/

Cost: Starting from $5

Whilst Webull may have one of the lowest fees out of all the brokerages, there is limited educational content to help users and is, therefore, more suitable for the experienced trader. However, with their trading tools and analytics, you can create your own financial portfolio from thousands of companies and fractional shares for as little as $5.  There are no commissions or minimum deposits.  Currently, Webull does not provide custodial accounts, but young adults can use this app once they reach the age of majority and make their own investment decisions.  Webull also offers free stocks to new users.

stock trading apps

Wall Street Survivor

Website: https://www.wallstreetsurvivor.com/

Cost: FREE

Wall Street Survivor courses are a step-by-step learning experience with articles, images, videos and trading. You can use fake cash to invest in real companies under real market conditions and all their trades are processed in real-time. it’s great for experiencing how trading works in real time however be prepared to be spammed by adverts!

 

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