Best Micro Investing App – List of Top 10 Micro Investing Apps in India

This article is purely inclined towards providing the information of Best Micro Investing App. You shall find detailed insights into each of these Top 10 Micro Investing Apps in India.

If you are new to investment, don’t know how to go about or simply don’t want to risk a lot of capital, Micro Investment is the way to go.

The micro-investment will allow you to invest small amounts of money, this way you won’t put a lot of money at stake but still get into investment.

Best Micro Investing App – List of Top 10 Micro Investing Apps available

Here is the list of Best Micro Investing Apps available for trading. Check out brief information related to these apps here.

Here is the list of Top Micro Investing Apps, now lets have a brief understanding of these Apps.

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Acorns – Best Micro Investing App

Acorns are one of the first micro-investment app. You can simply use this to save money and also, invest.

The app is pretty flexible as it lets you either link your bank account directly or linking your debit or credit card as you prefer.

Steps to start using Acorns

1. Download and Signup
2. Link your bank account or your credit/debit card
3. Answer simple questions about your investment goals and risk tolerance.

That’s it, Acorns will then automatically build a portfolio that matches your requirements.

Robinhood – Top Micro Investing App

Robinhood isn’t exclusively made for micro-investing, but it is still one of the most efficient apps to do so.

The best quality of this app that brings in a lot of investors to use this app is that it has no account minimum. The app also doesn’t charge any kind of fees, which basically means that you can trade for free.

Step to open a Robinhood account

1. Apply for an account through the app
2. You will receive an email within 24 hours confirming your account approval
3. Submission of documents for verification

And your account will be completely ready in 5-7 days.

Stash – Top 10 Micro Investing App

Stash is also a micro-investing app. What makes it stand out is that it lets your account grow with your account balance.

The app will let you start investing with a minimal amount of $5. Although, Stash does cost $1 per month. It provides a brokerage account, bank account, and financial education articles.

You can also open a retirement account with stash after account growth. Even if you don’t have enough money for an entire share, the app will let you buy fractional shares enough to do so.

Steps to open a Stash account

1. Download the app and provide an email and password
2. Enter your mobile number for verification
3. Provide mailing address and social security number
4. Answer a few questions about investment goals and risk tolerance

Your account will be ready for trading. Stash will also ask how soon or late you plan on using your invested funds.

Betterment – Best Micro Investing Apps

Just like Robinhood, Betterment isn’t a micro-investment app. It is rather a Robo-advisory service.

Opening a Betterment account will require no minimum balance requirement.

Although, you should keep in mind that Betterment charges 0.25% of your annual assets under its management.

When you add to your account or withdraw, the Betterment software AI will automatically update your portfolio.

It also offers a premium service that requires you to have a minimum of $100,000 in your account and will charge you a 0.4% annual fee.

1. Download and Signup
2. Select first goal, review the retirement goal
3. Provide basic information
4. Submit documents for identity verification
5. Answer basic regulatory questions

And you are in! You can now start investing.

Public.com – Top Micro Investing Apps

This app allows its users to open an account even at the amount of $5, and helps the users to connect with other investors; it also allows you to invest your money in stocks and ETFs.

Public allows you to invest in various themes of your choice such as charities, environmental or animal conscious firms and you can also buy shares in fraction if you do not want to buy an entire share.

This app is commission-free, so it helps you save some extra money. One of its major benefits is that it does not have any minimum deposit policy. It also helps you to trade at any time during the day.

TD Ameritrade – Top 10 Micro Investing Apps

This app is considered to be one of the best and has many good reviews from its users.

It provides its new investors with hundreds of monthly webinars, videos, and many free premium courses which helps its user to enjoy the user-friendly environment.

TD Ameritrade is also a very unique app because no other app provides a game-like learning experience by including quizzes, progress tracking, badges, and a point system.

It also provides a unique method of trading fake money for practicing.

Wealth Simple – Best Micro-Investing App

Wealth simple is a user-friendly app and works somehow in the same way as other apps do. This app focuses more on socially responsible investing and higher returns.

Wealthsimple is quite easy to use and access. It barely takes 5 minutes to sign up. They might ask you a few questions to get to know their user better and the level of risk they are comfortable with.

But it can be a little expensive for some people. But the feature it provides is really good, for example, it offers its user a team of advisors that helps them with any problem.

M1 Finance – Top Micro-Investing App

M1 Finance offers its users to invest in several accounts including IRAs and saving accounts.

It has some amazing features that attract a lot of users such as it provides its users an option to pick specific funds or stocks for investing and allows them to build a custom portfolio.

Just like the app public, it allows its users to own fractional shares. It automatically rebalances its user’s portfolio using a pie-based interface. It also does not charge any commission.

Twine App – Top 10 Micro-Investing App

Twine is a very unique and one of its kind apps as it is primarily built for couples. That means it helps the couples to manage and invest their money together in a very easy way.

It is not very hard to sign up, both partners have to create a joint account and define their specific investing goals.

Many couples use it for managing things like buying a new house, for a wedding, or even for vacation.

Both partners can contribute to the fund from their accounts and then together track the progress. Users can also invest their money into a diverse range of ETFs

Stockpile – Best Micro Investing App

Stockpile allows opening an account on it for quite a cheap amount starting at $5. It offers its users to have access to over 1000 stocks and ETF funds.

Also, it offers a very reasonable amount of 99 cents per transaction with no monthly charges and no minimums to get started.

It is also one of those apps that provide its user the facility to buy fractional shares. They also offer some amazing e-cards or gift cards.

Know about Micro Investing Apps

Micro Investing Apps were initially introduced to get the younger generation into the investment world.

Younger people aren’t much inclined towards investing because the traditional investing methods required quite a huge amount of expense to start.

You don’t have to be an investment geek to start micro-investing. You can learn with experience.

With the great affordability, low minimum account balances, and a huge portfolio variety, as a newbie to investment, Micro Investing apps are the best to opt for.

Conclusion – Best Micro Investing Apps

Nowadays investing is very important and these micro-investing apps are very efficient for beginners to understand trading without putting a huge amount of money at stake.

If a user has their vision clear and a prepared plan, these apps are great starting points for them.

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