Trading Apps For Teens

While some investment apps have age limits of 18 years old or higher, there are other options that let teens start investing even before they turn 18. These brokerages typically offer custodial accounts that a parent helps set up and provide supervision controls to ensure they don’t make risky trades. Resource

For instance, a newer online broker called Webull is designed for teens and young adults to build their savings and invest. It has a low-cost stock and ETF trading app that doesn’t have account fees or minimum balance requirements. It’s also mobile-friendly and offers an option to offer gift cards for stock purchases.

Trading Apps for Teens: Financial Tools for the Digital Generation

Another app is Stash, a custodial investment service for kids and teens that allows them to build their portfolio and earn dividends. This app has no trading fees or commissions, and it lets teens work toward long term financial goals, like saving for college. The app also features educational content to help them understand their particular risks and needs.

Greenlight originally started as a debit card and money management app, but now it offers the ability to start investing. Parents can help set up their teen’s custodial investment account and approve every trade. Kids can use the app to research thousands of popular stocks and ETFs, purchase fractional shares of companies and gain real experience with their investments with parental approval.

Greenlight is free to use and provides bite-sized challenges to encourage kids to learn about investing in companies they love. Another great feature is its integration with Morningstar, so kids can get insight on their investments.