Some financial experts say platforms like Robinhood, Acorns or Stash can be great learning tools for novice investors. Investors should make before using an app to tap into the markets: Investment apps can Here are five considerations wannabe day traders and Will continue to enjoy the strongest growth in the industry,” JMP SecuritiesĪnalyst and head of business development Devin Ryan and vice president ofĮquity research Brian McKenna said in the research note. Innovative tools and services to manage their finances, and competitive pricing “While there is intense focus today, over the long run weīelieve firms that offer their customers the best experience, the most Competitors like Webull and SoFi saw similarlyĮlevated numbers of app downloads last week, JMP noted. On Friday, traders downloaded the Robinhood app more than 600,000 times, well above the record set last March.īut Robinhood isn’t the only trading or investing platform Throughout this saga - even after some of these platforms temporarily prohibited buying and selling of stocks like GameStop - Robinhood saw record growth, according to an analysis from JMP
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