![]() ![]() Look for brokerages that invest in no-fee mutual funds or exchange-traded funds (ETFs) so you can invest without being a stock market expert. Variety of funds: As a beginner, you might not want to choose individual stocks.For some brokerages, there's no minimum, but some might be as high as $500. Account minimums: Note the minimum deposit needed to open your account.Cost structure: Do they charge monthly fees or commissions on trades?.Here are some of the factors to consider when you pick an online stock broker: No broker is perfect for everyone, but some brokers are better aimed at beginners. How to choose a stock trading app as a beginner The bottom line is that investment selection varies from one trading app to another and should certainly be a factor when deciding which to use. In addition, some of these apps offer automated investing or robo-advisory services, which essentially create and maintain an investment portfolio for you. And some offer the ability to buy and sell options and mutual funds, while others are limited to only stock trading. Some allow you to buy stocks directly on foreign stock markets in addition to U.S. For example, some of the apps allow trading in over-the-counter (OTC) stocks, while others don't. ![]() The free trading apps listed here will let you buy stocks, but the actual investment universe available depends on the particular app. What investments can you buy with free trading apps? To ensure a diversified portfolio, we often suggest buying a minimum of 10 stocks, so that would put your minimum investment at the cost of those 10 stocks plus any commissions and fees paid to your brokerage. If you want to buy a full share of a specific stock, the minimum amount you'll need to get started is the cost of that stock - which varies widely across companies. Those let you buy in with as little as a few dollars, purchasing fractional shares of stocks instead of full shares. Some brokerages have minimum required deposits, but many online brokerages have none. There's no official minimum amount of money you need to start buying stocks. How much does it cost to start trading stocks?
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