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These Apps Are A Must-Have For The Investors
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Free trades. That's what the Robinhood app offers. No wonder over a million people have used it to buy and sell stocks.

The idea of free trades was revolutionary when Robinhood launched in March 2015. Most brokerages charge $7.99 or more to purchase or unload a stock like Apple (AAPL, Tech30), Facebook (FB, Tech30) or GE (GE).

"We believe that everyone should have access to the financial markets," say co-founders Vlad Tenev and Baiju Bhatt. Robinhood also doesn't require you to hold a minimum amount of cash on the platform.

"You just have to have enough money to buy one share," says Tenev.

At the moment, Robinhood is available to American and Chinese investors. You can trade U.S.-listed stocks and funds.
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Think investing is too hard or too time consuming? Betterment might be for you.

Betterment uses really sophisticated computer programs to figure out the best -- and cheapest -- fund mix just for you. It even factors in taxes.

You just need $1 to begin. You answer a few basic questions and then Betterment does all the work by actually investing your money and monitoring it over time. Traditional financial advisors provide a similar service, but they typically charge about 1% a year. Betterment only charges 0.15% to 0.35% (fees vary based on how much money you invest).

Betterment says that its portfolios outperformed comparable advisor-managed portfolios 88% of the time over more than 30,500 periods it tested.

"The way people invest is changing dramatically," says CEO and founder Jon Stein. "I started Betterment to re-invent the investing industry so that it would work as we want it to."

Founded in 2008, Betterment already has 168,000 customers who entrust the company with a total of $4.8 billion in assets. And yes, the company uses computers a lot, but customers can still call or email Betterment seven day a week and get a real human.
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Wealthfront is all about making investing simple, cheap and profitable for you.

To start, you only need $500. And get this: Wealthfront manages your money for FREE up to $10,000 (above that, the fee is only 0.25% a year). The company really wants to encourage new investors to try it out.

You simply answer a short questionnaire on the site or app and then Wealthfront automatically invests your money into one of 20 portfolios that best matches your style and risk appetite. After that, you don't have to do anything but check your returns on the app.

"Set it and forget it" is the idea, says Kate Wauck, Wealthfront's communications director.

Once you create an account, you can see historical performance of each of Wealthfront's 20 portfolios.

The new Portfolio Review service will even evaluate your other investments outside Wealthfront and make recommendations on how you can invest better.

Wealthfront launched in 2011 and now manages over $3.5 billion for clients. And yes, it has a full customer support team so you can call in if you want.
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Are you any good at investing? Is your financial advisor doing well for you? These questions were pretty hard to answer until Openfolio came along in 2014.

Openfolio allows you to compare your portfolio's performance (daily, weekly, monthly, yearly, etc.) with that of 70,000 other investors. You can see their returns and asset allocation (i.e. the percentage someone has in stocks, bonds, gold, Apple stock, etc.) even though you won't know how much money they have invested.

The app is free. You simply connect your brokerage and retirement accounts and then Openfolio figures out your performance and shows you how you stack up.

The idea is if you suck compared to your peers, you'll be motivated to make a change.

"We call this 'peer pressure for good,'" says CEO and founder Hart Lambur.
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The Darth Vader theme song should be played when most investors look at the fees they are paying.

FeeX offers one of the easiest ways to learn just how much you're paying in fees and then do something about it. The site is free to use.

You simply sign up and link your retirement and trading accounts. FeeX uses a very sophisticated database to show you the fees on your portfolio and tell you if those fees are low, medium, high or sky high.

If you aren't in the low bucket (and even if you are), FeeX will recommend ways to reduce your fees. Another incredibly helpful function is FeeX can tell you if you should rollover an old 401(k) plan from a prior job to an IRA. This can save you a lot of money if it's done right.

"Typically, people tend to reduce their fees by about 85%," says Yoav Zurel, co-founder and CEO of FeeX. He's a mathematician who founded FeeX with friends because he was stunned at how hard it was, even for him, to figure out the fees on his investments.

So far, FeeX has analyzed "tens of thousands" of people's accounts. It even won the "Most Disruptive" company prize at the 2016 Benzinga Fintech Awards.
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