Investing Apps Compared: Robinhood vs. Fidelity vs. Others for Beginners
💼 Why Investing Apps Are Popular Now
In 2025, beginner-friendly investing apps make it easier than ever to buy stocks, ETFs, or even crypto with just a few taps. Whether you're new to investing or switching platforms, knowing the strengths and weaknesses of each app can save you time—and money.
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Comparing Robinhood, Fidelity, and M1 Investing Apps |
🔍 Key Criteria to Compare
When comparing investment platforms, consider the following:
- Fees & commissions
- Ease of use & design
- Investment options (stocks, ETFs, crypto, etc.)
- Educational tools
- Minimum balance requirements
- Customer support
- Long-term suitability
📊 Quick Comparison Table
App | Fees | Best For | Notable Features |
---|---|---|---|
Robinhood | $0 trades | Beginners, mobile users | Fractional shares, crypto trading |
Fidelity | $0 trades | Retirement & serious investing | Broad ETF access, IRA support |
Webull | $0 trades | Active traders | Technical analysis tools |
SoFi | $0 trades | Budget investors | Auto investing, no account minimums |
M1 Finance | $0 trades | Goal-based investors | Pie-based investing, automation |
🔎 Robinhood: Simple, but Limited
Robinhood became popular for zero-commission stock trading and a clean mobile interface. It's ideal for beginners who want quick access to buying and selling stocks and crypto. However, it lacks strong retirement tools and advanced research features. Also, real-time customer service is limited.
Search “is Robinhood safe for beginners”
📘 Fidelity: Robust & Traditional
Fidelity is a long-established brokerage offering a wide range of services—from IRAs to advanced research tools. While the interface may feel more complex, it offers great support for long-term investing and retirement planning. It’s also well-rated for customer service, educational materials, and no-fee index funds.
📱 Webull: For the Data-Driven
Webull is popular among intermediate and active traders who want in-depth technical analysis tools. It's more complex than Robinhood, and may not suit true beginners, but it gives more control to those ready to grow.
Search “Webull vs Robinhood for intermediate investors”
🌱 SoFi: Investing With Flexibility
SoFi offers free stock and ETF trading, but stands out with its automated investing tools, budgeting support, and personal loan options. It's ideal for younger investors who want everything in one place—investments, credit score tracking, and loans.
🔄 M1 Finance: Set It and Forget It
M1 uses a “pie” investing structure that lets users allocate percentages to various ETFs or stocks. It's great for automating and sticking to financial goals over time, though it requires more setup and learning upfront.
✅ FAQ
Q1: Which investing app is best for beginners?
Robinhood and SoFi are easiest to start with. Fidelity offers more depth for serious growth.
Q2: Can I open an IRA through these apps?
Yes—Fidelity, M1 Finance, and SoFi all offer IRAs. Robinhood currently does not.
Q3: What if I want to invest in crypto too?
Robinhood and Webull support crypto. Fidelity and M1 Finance do not.
Q4: Do these apps charge hidden fees?
Most have no trading fees, but some may charge for optional services like margin trading or premium features.
Q5: Is it safe to invest using apps?
Yes, major platforms are insured (e.g., SIPC) and regulated. Still, always enable two-factor authentication.
📝 Conclusion
Choosing the right investing app depends on your goals, comfort level, and how hands-on you want to be. Robinhood is great for simplicity, while Fidelity supports long-term wealth building. Webull appeals to active traders, and SoFi + M1 are ideal for automation and flexibility.
Pick one that matches your style—not just hype.