Beginner-friendly trading platforms are intuitive and easy to use, with low overall costs and plentiful resources to help you learn and grow as an investor.
At the most basic level, beginner-friendly brokers offer a straightforward way to invest.
We analyzed 18 brokers with a methodology focused on trading costs, user-friendliness and customer support availability and responsiveness, among other factors, and put together a list of the best trading platforms for beginners.
SoFi Invest offers a user-friendly trading experience with low-cost, straightforward market access. It's one of the few brokers in the industry that offers complimentary access to financial planners and matching IRA contributions. SoFi Plus members can also earn an unlimited 1% match on all recurring SoFi Invest deposits.
Alongside no-fee commission trading of stocks, options, exchange-traded funds (ETFs), mutual funds and alternative asset interval funds on a beginner-friendly interface, SoFi members benefit from a suite of financial services, allowing them to invest, bank and borrow all within a single, integrated platform. This combination of features makes SoFi an attractive option for those seeking simplicity and comprehensive financial management.
Best for: No-fee commission; IRA match; user experience; beginning investors; all-in-one financial services; automated investing.
Stock trade fee
$0
Minimum deposit
$0
Signup bonus
Get up to $1,000 in stock
SoFi Invest offers a user-friendly trading experience with low-cost, straightforward market access. It's one of the few brokers in the industry that offers complimentary access to financial planners and matching IRA contributions. SoFi Plus members can also earn an unlimited 1% match on all recurring SoFi Invest deposits.
Alongside no-fee commission trading of stocks, options, exchange-traded funds (ETFs), mutual funds and alternative asset interval funds on a beginner-friendly interface, SoFi members benefit from a suite of financial services, allowing them to invest, bank and borrow all within a single, integrated platform. This combination of features makes SoFi an attractive option for those seeking simplicity and comprehensive financial management.
Best for: No-fee commission; IRA match; user experience; beginning investors; all-in-one financial services; automated investing.
Pros
$0 commission investing
1% match on IRA contributions and 401(k) rollovers
Access banking, lending, investing and other financial products from one platform
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE
Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees.
Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org).
There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event.
Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options
Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser.
Utilizing a margin loan is generally considered more appropriate for experienced investors as there are additional costs and risks associated. It is possible to lose more than your initial investment when using margin. Please see https://www.sofi.com/wealth/assets/documents/brokerage-margin-disclosure-statement.pdf for detailed disclosure information
Probability of Member receiving $1,000 is a probability of 0.028%
Terms and conditions apply. Roll over a minimum of $20K to receive the 1% match offer. Matches on contributions are made up to the annual limits.
For full promotion terms please visit: https://www.sofi.com/acatoffer. SoFi does not accept cryptocurrencies and has limitations on some mutual funds and OTC stocks. Brokerage and Active Investing Products offered by SoFi Securities, LLC, Member FINRA/SIPC.
Robo Advisor: Automated investing is offered through SoFi Wealth LLC, an SEC-registered investment adviser. 0.25% fee is based on your account value. The wrap program fee may cost more or less than purchasing brokerage, custodial, and recordkeeping services separately.
Robinhood offers a uniquely engaging platform for commission-free trading of stocks, ETFs, options and crypto, with no per-contract fees for options. Its IRAs provide up to 3% matching contributions for Robinhood Gold subscribers, or 1% without Gold. All customers, regardless of account level, get a 1% match on IRA transfers and 401(k) rollovers. Additionally, Gold members can earn up to 4.5% APY on uninvested cash.
Beyond these benefits, Robinhood offers fractional shares, 24/7 customer support and 24/5 market access on an incredibly user-friendly platform.
Best for: Commission-free trading; user experience; mobile trading; cryptocurrency investing; IRA match; high interest rates on uninvested cash; 24/5 market access.
Stock trade fee
$0
Minimum deposit
$0
Signup bonus
Get a free stock
Robinhood offers a uniquely engaging platform for commission-free trading of stocks, ETFs, options and crypto, with no per-contract fees for options. Its IRAs provide up to 3% matching contributions for Robinhood Gold subscribers, or 1% without Gold. All customers, regardless of account level, get a 1% match on IRA transfers and 401(k) rollovers. Additionally, Gold members can earn up to 4.5% APY on uninvested cash.
Beyond these benefits, Robinhood offers fractional shares, 24/7 customer support and 24/5 market access on an incredibly user-friendly platform.
Best for: Commission-free trading; user experience; mobile trading; cryptocurrency investing; IRA match; high interest rates on uninvested cash; 24/5 market access.
Pros
Commission-free stock, options, ETF and crypto trading
Public's expanding list of tradable assets allows investors to build diversified portfolios from a single, user-friendly platform. Beyond traditional assets like stocks, options, ETFs, bonds and treasuries, Public also offers access to crypto, music royalties and a high-yield cash account, providing a unique and comprehensive investment experience.
Public prioritizes transparency and investor value by providing commission-free trading for stocks and ETFs without relying on payment for order flow, ensuring optimal order execution. Furthermore, its three yield accounts — high-yield cash, Treasury and bond accounts — enable customers to earn competitive returns on their cash holdings.
Best for: Traditional and alternative assets; user experience; commission-free trading; no payment for order flow; high interest rates on uninvested cash.
Stock trade fee
$0
Minimum deposit
$0
Signup bonus
Get up to $10,000 and transfer fees covered
Public's expanding list of tradable assets allows investors to build diversified portfolios from a single, user-friendly platform. Beyond traditional assets like stocks, options, ETFs, bonds and treasuries, Public also offers access to crypto, music royalties and a high-yield cash account, providing a unique and comprehensive investment experience.
Public prioritizes transparency and investor value by providing commission-free trading for stocks and ETFs without relying on payment for order flow, ensuring optimal order execution. Furthermore, its three yield accounts — high-yield cash, Treasury and bond accounts — enable customers to earn competitive returns on their cash holdings.
Best for: Traditional and alternative assets; user experience; commission-free trading; no payment for order flow; high interest rates on uninvested cash.
Pros
Commission-free stocks, options and ETFs
Access to alternative assets
High-yield cash, Treasury and bond accounts
No payment for order flow
Cons
Best tools and features are reserved for Public Premium members for $8 a month
Stash stands out due to its low-cost entry, educational resources and easy-to-use platform. With the ability to start investing for yourself and your children with just $5, Stash makes the market accessible to beginners.
Invest in commission-free stocks and ETFs, with fractional shares, curated investment options, automated investing and individual stock trading. Additionally, Stash offers access to banking products and a debit card that lets you earn stock with each purchase.
Best for: Beginning investors; minor investing; commission-free stocks and ETFs; automated investing.
Stock trade fee
$0
Minimum deposit
$0
Signup bonus
Get $10 when you sign up and deposit $5
Stash stands out due to its low-cost entry, educational resources and easy-to-use platform. With the ability to start investing for yourself and your children with just $5, Stash makes the market accessible to beginners.
Invest in commission-free stocks and ETFs, with fractional shares, curated investment options, automated investing and individual stock trading. Additionally, Stash offers access to banking products and a debit card that lets you earn stock with each purchase.
Best for: Beginning investors; minor investing; commission-free stocks and ETFs; automated investing.
Opto's user-friendly mobile app, commission-free stock and ETF trading, minimal account fees and thematic investing options make it an excellent choice for beginners seeking a low-cost platform to start investing.
For those interested in cutting-edge technologies and trends, Opto's thematic investing approach offers a unique opportunity to tap into innovations driving future economic growth. With over 50 themes to choose from, including Robotics, AI, Blockchain, Pet Care and Clean Energy, investors can easily identify and capitalize on emerging trends.
Best for: Beginning investors; themed investing; commission-free trading; user experience.
Stock trade fee
$0
Minimum deposit
$0
Signup bonus
Earn up to $300
Opto's user-friendly mobile app, commission-free stock and ETF trading, minimal account fees and thematic investing options make it an excellent choice for beginners seeking a low-cost platform to start investing.
For those interested in cutting-edge technologies and trends, Opto's thematic investing approach offers a unique opportunity to tap into innovations driving future economic growth. With over 50 themes to choose from, including Robotics, AI, Blockchain, Pet Care and Clean Energy, investors can easily identify and capitalize on emerging trends.
Best for: Beginning investors; themed investing; commission-free trading; user experience.
Interactive Brokers offers a comprehensive investing experience, catering to beginners with user-friendly mobile platforms like IBKR GlobalTrader and IMPACT. These platforms simplify the investment process, making it easy for new investors to navigate the market.
Beginners can trade commission-free stocks, options and ETFs while also exploring a range of other assets, such as precious metals, mutual funds and cryptocurrencies. For those seeking a hands-off approach, Interactive Brokers provides a robo-advisor with professionally managed portfolios, ensuring that even novice investors have access to expert guidance and a well-rounded investment strategy.
Best for: Wide range of investment options; commission-free stocks and ETFs; automated investing; robust trading platforms; alternative investments.
Stock trade fee
$0
Minimum deposit
$0
Signup bonus
N/A
Interactive Brokers offers a comprehensive investing experience, catering to beginners with user-friendly mobile platforms like IBKR GlobalTrader and IMPACT. These platforms simplify the investment process, making it easy for new investors to navigate the market.
Beginners can trade commission-free stocks, options and ETFs while also exploring a range of other assets, such as precious metals, mutual funds and cryptocurrencies. For those seeking a hands-off approach, Interactive Brokers provides a robo-advisor with professionally managed portfolios, ensuring that even novice investors have access to expert guidance and a well-rounded investment strategy.
Best for: Wide range of investment options; commission-free stocks and ETFs; automated investing; robust trading platforms; alternative investments.
M1 Finance's intuitive platform, no trading fees and automated investing features may be an excellent option for beginners. Build customized portfolios with fractional shares, using M1's 'pie' investing to allocate funds across different assets according to your goals.
M1 Finance's combination of automated investing services and flexibility in investment choices and account types provides a balance of automation and control, making it a great choice for those new to investing.
Best for: Commission-free trading; beginning investors; automated investing.
Stock trade fee
$0
Minimum deposit
$100
Signup bonus
N/A
M1 Finance's intuitive platform, no trading fees and automated investing features may be an excellent option for beginners. Build customized portfolios with fractional shares, using M1's 'pie' investing to allocate funds across different assets according to your goals.
M1 Finance's combination of automated investing services and flexibility in investment choices and account types provides a balance of automation and control, making it a great choice for those new to investing.
Best for: Commission-free trading; beginning investors; automated investing.
Pros
Commission-free stocks and ETFs
High-yield cash account
Wide range of account types
Automated investing
Cons
$3 monthly platform fee if assets are under $10,000
M1 Finance, LLC does not charge commission, trading, or management fees for self-directed brokerage accounts. You may still be charged other fees such as M1’s platform fee, regulatory fees, account closure fees, or ADR fees. For a complete list of fees M1 may charge visit M1 Fee Schedule. M1 is not a bank. M1 Spend is a wholly-owned operating subsidiary of M1 Holdings Inc.. M1 High –Yield Savings Accounts are furnished by B2 Bank, NA, Member FDIC. Obtaining stated APY (annual percentage yield) with the M1 High-Yield Savings Account does not require a minimum account balance. Stated APY is accrued on account balance. APY is solely determined by M1 Spend LLC and its partner banks, and will include account fees that will reduce earnings. Rates are subject to change without notice. M1 High-Yield Savings Account is a separate offering from, and not linked to, the M1 High-Yield Cash Account offered by M1 Finance, LLC. M1 is not a bank.
Block's Cash App is as beginner-friendly as it gets. Through an app designed to offer swift financial transactions, buy and sell stocks and ETFs for as little as $1, gift stocks to family and friends or dip your toes into cryptocurrency with Bitcoin.
Simple charts, company news, key statistics and financials, earnings and analyst opinions all help you make informed investment decisions quickly and without fuss.
Best for: Beginning investors; minor investing; commission-free stocks and ETFs.
Stock trade fee
$0
Minimum deposit
$0
Signup bonus
N/A
Block's Cash App is as beginner-friendly as it gets. Through an app designed to offer swift financial transactions, buy and sell stocks and ETFs for as little as $1, gift stocks to family and friends or dip your toes into cryptocurrency with Bitcoin.
Simple charts, company news, key statistics and financials, earnings and analyst opinions all help you make informed investment decisions quickly and without fuss.
Best for: Beginning investors; minor investing; commission-free stocks and ETFs.
Fidelity offers some of the lowest fees in the industry, featuring commission-free trading on stocks, ETFs, options and Fidelity mutual funds. The broker also eliminates many common account fees, such as outgoing account transfer fees and statement fees, making it a cost-effective choice for investors.
Fidelity excels in financial planning and advisory services, providing both human and robo-advisor portfolio management, free financial plans and investing accounts for minors. Additionally, it offers a wide range of investment options, top-tier research and trading tools and beginner-friendly resources, including educational content and 24/7 customer support.
Best for: Range of investment options and account types; low costs; research and planning tools; crypto access; automated investing.
Stock trade fee
$0
Minimum deposit
$0
Signup bonus
N/A
Fidelity offers some of the lowest fees in the industry, featuring commission-free trading on stocks, ETFs, options and Fidelity mutual funds. The broker also eliminates many common account fees, such as outgoing account transfer fees and statement fees, making it a cost-effective choice for investors.
Fidelity excels in financial planning and advisory services, providing both human and robo-advisor portfolio management, free financial plans and investing accounts for minors. Additionally, it offers a wide range of investment options, top-tier research and trading tools and beginner-friendly resources, including educational content and 24/7 customer support.
Best for: Range of investment options and account types; low costs; research and planning tools; crypto access; automated investing.
Pros
Commission-free stocks, options, ETFs and Fidelity funds
Mobile, web-based and desktop trading platforms
Trade bitcoin and ether
Robo-advisor with no advisory fees under $25,000
24/7 customer support
Investing accounts for kids
Competitive rates on uninvested cash
Cons
$25,000 minimum to access a Fidelity financial advisor
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Methodology: How we choose the best trading platforms for beginners
Finder’s investments experts reviewed 18 brokers available on the market to narrow down the best trading apps for beginners.
We analyzed each platform based on 147 key metrics we collected directly from brokers and assessed each provider’s performance based on eight different categories, weighing each metric based on the expertise and insights of Finder’s investment experts. We then scored and ranked each provider to determine the best brokerage accounts for beginners.
We update our best picks as products change, disappear or emerge in the market. We also regularly review and revise our selections to ensure our best provider lists reflect the most competitive available.
How we weigh the overall rating
Category
Weighting
Investment options
10%
Trading platforms and technology
15%
Trading costs
20%
Account fees
10%
Account types and minimums
5%
Customer support
10%
Mobile app ratings and security
5%
Features and amenities
25%
What we assess in each category
Investment options. This category evaluates the total number of available investment options and the breadth and diversity of available assets.
Trading platforms and technology. This category examines the user experience and various research and analysis tools across a platform’s browser-based, mobile and desktop trading platforms. It assesses the quantity and quality of things like research tools, charts and technical analysis features.
Trading costs. This category evaluates the broker’s trading fee structure, including commissions, options contract fees and any additional charges to buy or sell securities.
Account fees. This category assesses minimum deposits, annual fees, wire transfer fees and outgoing, full account transfer fees. We also evaluate inactivity fees, IRA closing fees, margin base rates and monthly subscription fees to get access to the brokers’s top features.
Account types. This category examines available account types and includes everything from individual brokerage accounts to 529 plans to IRAs for individuals and businesses.
Customer support. This category rates the broker’s customer support accessibility and evaluates available support channels, such as live chat, phone and email. We also consider the level of transparency for finding important information on the platform’s website.
Mobile app ratings and security. This category analyzes a mobile app’s user reviews and ratings across the major app stores. We also consider the brokers’s security measures, like whether it offers two-factor authentication and biometrics capabilities.
Features and amenities. This category evaluates the availability of instant buying power, virtual money for practicing trading, cash sweep rates for uninvested cash, fractional share trading and educational resources. We also consider access to a robo-advisor and human advisor and assign an editor’s opinion on whether the platform is generally good for beginners.
What makes a trading platform good for beginners?
In the world of investing, choosing the right trading platform is crucial, especially for those just starting out. But not all trading platforms are best for beginners.
A good trading platform for beginners prioritizes simplicity and user-friendliness, offering intuitive navigation, educational resources and quality, responsive customer support. It provides educational materials, maybe even demo accounts and easy-to-understand charts and features to help beginners learn the basics of trading without feeling overwhelmed.
Additionally, it should offer low fees and a variety of investment options.
Trading for beginners: How to get started
Now that you’ve found the right trading app for your goals, it’s time to put it to work. Open the app, sign up for an account and get comfortable with its features. You’ll need to deposit money to your new trading account via bank transfer to start investing, unless you choose to transfer assets from another broker.
Having accounts with multiple stock apps is an option if you aren’t completely satisfied with a single platform. Maybe it offers the tools and resources you need to research stocks but not the assets you want to build out your portfolio.
Define your investment goals, develop a strategy that suits your style and stay informed about market trends. Use any educational resources the app offers to learn how to invest and sharpen your skills. Regularly review your portfolio and adjust your strategy as needed.
The right trading app makes investing easier. But you also need a solid plan and the discipline to invest regularly and consistently to give you the best chance at building your wealth.
Compare and find the broker that's right for you
Match your experience level with your trading and investing goals to find the right broker for you.
If you're a
And want to
Consider this
Beginner investor
Do most or all of your trading on your mobile device
The best trading platform for beginners is SoFi Invest, according to Finder’s analysis. In addition to no-fee commissions stock, ETF and options trades, SoFi offers a no-cost robo-advisor with complimentary access to SoFi’s team of certified financial planners.
Which is the simplest trading platform?
SoFi Invest is among the simplest trading platforms. SoFi Invest doesn’t overwhelm in terms of research and analytical tools but instead offers a straightforward way to invest.
Is Robinhood good for beginners?
Robinhood is great for beginners. With its beginner-friendly trading platforms, uncomplicated trading experience and commission-free trades, Robinhood is among the best brokers for those just getting started in investing.
Matt Miczulski is an investments editor at Finder. With over 450 bylines, Matt dissects and reviews brokers and investing platforms to expose perks and pain points, explores investment products and concepts and covers market news, making investing more accessible and helping readers to make informed financial decisions.
Before joining Finder in 2021, Matt covered everything from finance news and banking to debt and travel for FinanceBuzz. His expertise and analysis on investing and other financial topics has been featured on CBS, MSN, Best Company and Consolidated Credit, among others. Matt holds a BA in history from William Paterson University. See full bio
Matt's expertise
Matt has written 207 Finder guides across topics including:
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Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
