Indore Investment：Best ETF App 2024 – Top App Revealed

A list of the best ETF apps for 2024 can be found below. We discuss each ETF app provider in greater depth further down.

Interactive Brokers – Best for ETF App for Comprehensive Research

Robinhood – Best 0% Fee ETF App for US Residents

Charles Schwab – Best ETF App For Highlighting Performing Funds

Ally Invest – Top ETF App For Trading Commission-Free CFDs

Webull – Best ETF App for User Experience

Stash – User-Friendly ETF App With Low Account Minimums

Fidelity – Best ETF App With Personalized Investment Screener

TD Ameritrade – Best ETF App for Research and Analysis

There are several key factors that you need to tick off before joining an ETF app. For example, you need to ensure that your chosen ETF instrument is supported and that the app offers competitive fees and commissions. You also need to explore the minimum investment amount required and, ultimately – how your money is kept.

To help clear the mist, below we review the very best ETF apps in the market right now.

Interactive Brokers has established itself as a prominent player in the digital brokerage industry over several decades. Their advanced trading technology has consistently placed them at our rankings for the best ETF app. IBRK is particularly noteworthy for its comprehensive ETF research capabilities, as its platforms and tools enable customers and non-customers to delve into real-time, global market data.

One of the key factors contributing to Interactive Brokers’ success is its commitment to offering competitive commissions and fees. The broker has earned a reputation for providing some of the lowest rates in the industry, making it an attractive option for cost-conscious investors.

Interactive Brokers boasts diverse products available across desktop, mobile, and web formats. This extensive selection equips investors with the tools to access global market information and services. As of 2023, Interactive Brokers has surpassed the milestone of 2.22 million customer accounts and reports an impressive $342.1 billion in client equity.

Robinhood is a great ETF app that is popular with US residents. Robinhood allows you to buy, sell, and trade stocks and ETFs without paying any commission. This best stock app also permits fractional shares and ETFs – which is ideal if you are planning to invest small amounts.

This is because you can invest in an ETF at just a couple of dollars per trade. Perhaps the main drawback with Robinhood is that the app is largely focused on US-listed assets. If, however, you’re planning to build a diversified portfolio of international-listed ETFs – you might need to look elsewhere. Nevertheless, if you choose to remain on the Standard Account at Robinhood, you won’t need to pay any ongoing management fees.

If you want access to more features – you might consider the Gold Account. This will give you access to margin trading tools – as long as you have a minimum account balance of $2,000. You will also be able to earn interest on idle USD cash balances, access research reports, and be able to make larger instant deposits. On top of stocks and ETFs, Robinhood also allows you to trade cryptocurrencies and options. These instruments are also commission-free.

Read our comprehensive Robinhood app review to find out more about what this firm offers.

Charles Schwab is a well-known broker in the United States, renowned for its commission-free ETF trading on US markets. If you are interested in accessing a wide range of ETFs without paying additional fees, Charles Schwab might be your ideal option. The platform offers an extensive selection of ETFs, including its low-cost Schwab ETFs and a diverse range of other ETF choices.

In addition to ETFs, Charles Schwab provides a comprehensive suite of products and services similar to other full-service brokers. These include the ability to trade stocks, including fractional shares, options trading, fixed-income investments, and retirement guidance.

To enhance user experience, Charles Schwab offers three mobile apps: Schwab Mobile, StreetSmart Mobile, and thinkorswim. It’s worth noting that Schwab’s mobile app and thinkorswim have received positive user ratings. Furthermore, Charles Schwab’s ETF Select List assists users in making informed decisions by highlighting the best funds in selected categories.

Ally Invest is a versatile bank and online broker that provides various services, including commission-free trading for specific assets. They are known for offering highly competitive pricing on various investment options, such as exchange-traded funds (ETFs), stocks, options, and mutual funds.

Ally Invest’s ETFs are just one component of its extensive lineup of investment products. They also offer diverse U.S.-listed equities, options, mutual funds, fixed-income products, and foreign exchange trading opportunities.

To cater to the needs of different traders, Ally Invest has developed a web-based trading platform using HTML 5 technology. This ensures that the platform functions seamlessly on screens of all sizes, whether large or small. Additionally, mobile traders can download Ally Invest’s mobile app, available for both iPhone and Android devices.

Webull is a low-cost US trading app that offers over 5,000 stocks and ETFs. All financial instruments on the app are US-listed – so you’ll have access to some of the best ETFs in the market. You can buy, sell, and trade ETFs at Webull without paying any commission – and the minimum investment per trade is just $1.

There is no minimum deposit requirement when using Webull to buy ETFs and you can fund your account fee-free when doing so via ACH. You will, however, be charged $8 to deposit funds via a US wire transfer and $25 to make a withdrawal. Nevertheless, the Webull app is generally preferred by traders with little to no experience in this space.

It’s really simple to use and finding a stock or ETF to invest in could not be easier. In terms of safety, Webull is regulated by the SEC and FINRA. Most importantly, US traders are protected by the SIPC – which covers you up to the first $500,000 ($250,000 limit for cash) if Webull collapsed.

Read our comprehensive Webull app review to find out more about what this firm offers.Indore Investment

Stash is a user-friendly CFD trading app that is targeted at Americans that have little to no knowledge of investing. You can get started with a modest deposit of just $5 and the app supports fractional ownership. You can easily find an ETF that meets your financial goals on the Stash app.

For example, the platform categorizes markets by their core characteristics – such as whether you want to invest in an ETF that tracks commodities, bonds, or diversified global markets. However, you will need to pay a monthly fee to use the app. Fortunately, this costs just $1 per month.

But, if you want access to greater account features – such as access to traditional IRAs, you will need to pay a higher monthly fee. For example, at $3 per month, you’ll get personalized retirement advice and access to Smart Portfolios. The highest account plan – at $9 per month, also allows you to invest on behalf of your children, comes with premium research and advice, and will get you $10k life insurance via Avibra.

Still not convinced about the Stash app? Read our comprehensive Stash review to find out more about what this great ETF app offers

Fidelity is an established brokerage firm with a popular investment app that can be downloaded free of charge on iOS and Android devices. The app will get you access to thousands of ETFs – which cover US and international-listed markets. In fact, at Fidelity, you can invest in ETFs from over 25 different countries.

We like Fidelity for its trusted and long-standing track record in the investment scene. Plus, we also like the ETF screener that the app comes with. This makes it really easy to find an ETF that is suited for your financial goals and attitude to risk. This comes with a filter of more than 100 metrics – such as the type of instrument you wish to invest in and whether you have a particular market in mind.

In terms of fees, Fidelity allows you to invest in ETFs without paying any commission if it’s listed on a major US exchange. If your chosen ETF is listed elsewhere, you will pay a flat fee. This will vary depending on the country in question – so be sure to check this out before opening an account. There is no minimum deposit requirement at Fidelity – which also makes the ETF app attractive to small level investors.

If you’re the type of investor that likes to perform lots of research before choosing a market – TD Ameritrade is a great option. This popular online broker and mobile trading app offers an abundance of research materials that will allow you to choose an ETF based on your analytical findings. This includes in-depth reports, market sentiment ratings, and technical indicators.

There are also stock and trading education tools such as articles, guides, videos, and webcasts. In terms of supported ETFs, you’ll have thousands to choose from at TD Ameritrade. This covers markets in the US, Europe, Asia, Australia, and more. If you are investing in a US-listed ETF, you will be doing so on a commission-free basis.

If you wish to purchase an ETF that is listed outside of the US – this is classed as an OTC (Over the Counter) trade. In turn, you’ll pay a fee of $6.95. Although TD Ameritrade does not have a minimum account balance policy in place, you might want to stick with US-listed ETFs if you are planning to invest small amounts – as the OTC fee might make the process unviable. Nevertheless, on top of ETFs, this trading app also offers stocks, options, futures, forex, mutual funds, and even crypto.

Exchange-traded funds (ETFs) are popular with investors that seek long-term financial gains in a passive and diversified manner. The ETF that you opt for will be managed by a large-scale institution – with the likes of Vanguard and iShares dominating this space. The main concept is that through a single ETF investment – you’ll be indirectly buying hundreds of different assets.

In some cases – such as the Vanguard Total Stock Market Index Fund ETF – you’ll be investing in thousands of individual equities. Either way, once you have completed your ETF investment, there is nothing more for you to do. The fund manager will determine which assets to buy and sell – which allows you to sit back and let your capital work for you.

There are many types of ETFs in the market, albeit, the most common are as follows:

Index Fund ETFs: This will track a stock market index like the S&P 500, NASDAQ 100, or FTSE 250.

Dividend Stock ETF: This type of ETF will track a basket of established dividend stocks.

Growth Stock ETFs: If you want to gain exposure to a basket of growth stocks, there are several ETFs to choose from.

Bond ETFs: There are hundreds of bond ETFs in the market – covering a combination of corporate and government-issued instruments

Commodity ETFs: One of the best ways to invest in a commodity like gold or silver is through a managed ETF, you can also do this through a commodity trading app.

Unless you are investing in a commodity ETF, you will be able to make money via two different income streams. Firstly, you will be entitled to your share of dividend payments that the ETF receives. For example, this might be because the ETF holds a basket of dividend stocks or bonds.

Secondly, if and when the value of the assets held in the ETF increases, so will your investment. ETFs are represented as stock on a public exchange – which should rise and fall in conjunction with the ETF’s Net Asset Value (NAV). The fact that ETFs are publicly listed also means that you can cash out your investment at any given time.

When it comes to fees, you’ll pay an expense ratio when you invest in an ETF – even if your chosen app is commission-free. The good news is that is often in the region of 0.1%-0.4% per year – which is very competitive.

If you’re wondering why ETFs are popular with investors of all shapes and sizes – check out the many benefits discussed below.

When you invest in an ETF you will be buying a large number of assets through a single trade.

For example, if you invest in the SPDR S&P 500 ETF, you are essentially buying all 500 stocks from the respective index.Agra Investment

In another example, if you invested in the Vanguard Total Bond Market Index Fund ETF, your portfolio would consist of over 10,000 bond instruments.

Attempting to purchase this many assets on a DIY basis would be super time-consuming and costly.

Although retail investors can easily access large-cap stocks listed in the US and UK – this isn’t always the case with other marketplaces. For example, if you wanted to buy shares in companies based in South America or Asia – you will either find it challenging or very expensive.

This is where ETFs really shine – as you can invest in a diversified basket of emerging stocks and bonds with ease. A prime example of this is the iShares MSCI Emerging Markets ETF – which gets you access to over 800+ stocks from a variety of markets – such as China, Taiwan, South Africa, South Kore, and more.

There are ETFs to suit investors of all types. For example, if you are a conservative investor that likes to take a low-risk approach – you might prefer an ETF that buys high-grade assets. This might consist of an ETF that tracks blue-chip stocks or US Treasuries.

If you want to target more attractive financial returns and are happy taking on more risk – then you might opt for an ETF that tracks bonds from the emerging markets or US-listed growth stocks.

When investing in an ETF, you can earn capital in two forms. As we noted earlier, this comes via dividends and an increased NAV. The former is particularly useful, as you can reinvest your dividends back into the ETF every time you receive a payment (typically every three months).

Every time you do, you will increase the size of your investment in the ETF, and thus – your dividend yield will attract a higher monetary payment. For example, let’s say you invested $5,000 into an ETF and yielded 10% in dividends in year one.

A reinvestment strategy would mean that in year two – your investment in the ETF would stand at $5,500. In turn, a 10% yield would translate to $550 as opposed to the $500 you would have received had you cashed your dividends out.

If you want to create a long-term investment portfolio but don’t have a larger amount of capital – ETFs are ideal. In fact, the best way to approach ETFs, is to follow a long-term dollar-cost averaging strategy.

This means that you can invest a little bit of spare cash that you have at the end of each month – subsequently growing your exposure to the financial markets consistently.

ETFs are, without a doubt, the best way to invest in commodities. For example, if you wanted to invest in gold and opted for the traditional method of buying and storing bars or coins – this would be costly. On top of the obvious security concerns, it would also make it challenging to cash your gold investment out.

But, by opting for an ETF like the SPDR Gold Shares, you can invest in this precious metal without needing to worry about storage. You would also be able to cash out your investment at any given time – as ETFs are traded as public stocks. There are commodity ETFs available on other instruments too – such as silver, oil, and natural gas.

ETFs are often considered a safer investment option compared to individual stocks due to their inherent diversification. One key advantage of ETFs is that they typically comprise a basket of various securities, such as stocks, bonds, or commodities, which helps spread the investment risk. By holding a diversified portfolio within a single investment, ETFs can mitigate the impact of adverse events affecting specific companies or sectors. Unlike investing in individual stocks, where the fortunes of a single company can heavily influence the investment outcome, ETFs provide exposure to a broader range of assets. This diversification helps to reduce the risk associated with the performance of any single security.

Additionally, ETFs can track broad market indices, such as the S&P 500, providing investors with exposure to a wide range of companies and sectors. This diversification, coupled with the ease of buying and selling ETF shares on the stock exchange, makes them an attractive and relatively safer option for investors seeking to spread their risk across multiple securities. It is important to note that while ETFs offer diversification benefits, investment risks still exist, and investors should carefully assess the specific ETF’s underlying assets, management fees, and historical performance before making investment decisions.

Difference

Stocks

Management

Can be actively or passively managed, but most are passively managed to track an index

Represent ownership in individual companies

Trading

Traded on stock exchanges throughout the day, prices can fluctuate

Bought and sold at market prices, prices can also change throughout the day

Diversification

Provide exposure to a diversified portfolio of assets, helping spread risk

Represent ownership in a single company and are not inherently diversified

Generally have lower expense ratios compared to actively managed mutual funds

No expense ratios, but investors may incur trading fees

Investment Approach

Often favored by investors who prefer a more passive approach, aiming to match index performance

Allow investors to take an active approach, selecting individual companies based on research and analysis

We have discussed the top 10 ETF apps in the market right now. But, it’s also a good idea to perform a bit of research of your own before proceeding to sign up on the best forex apps. This will ensure that you choose from the best ETF app for your personal needs and requirements.

The most important factors to look out for are discussed below:

Regulation: All of the best ETF apps discussed on this page are regulated. US-based apps like Robinhood, Webull, and Stash are regulated by the SEC and in many cases – members of the SIPC

User Experience: Make sure that your chosen day trading app is easy to use on your respective operating system. Most apps are built for both iOS and Android – so you should find that the user experience is seamless.

Tradable ETFs: It goes without saying that your chosen investment app should support the ETF that you want to invest in. You can usually check this by visiting the provider’s website to see what ETFs are available.

Fees: The best ETF apps discussed today allow you to invest commission-free.

Trading Tools: We found that the best investing apps come with various tools and features that can enhance your trading decision-making process.

Payment Methods: You will need to deposit funds before you can invest in an ETF.

Customer Service: The best ETF app providers of 2024 allow you to speak with a customer support agent via Live Chat. Others are limited to just email or a support ticket – so check this before signing up.

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