With the development of artificial intelligence technology, more and more AI-powered investment apps have emerged to help investors make better decisions. As a beginner investor, choosing a user-friendly and helpful AI app is very important. This article summarizes the top 5 recommended free AI investment apps for beginners based on ease of use, functionality, data analytics, customer reviews and more. These apps leverage big data and machine learning algorithms to generate investment insights, monitor portfolios, provide market news and research tools to empower beginners with limited investment knowledge.
Wealthfront – Overall best free robo-advisor app
Wealthfront is widely considered one of the best free AI-powered investment apps for beginners. It offers automated portfolio management, retirement planning tools, and various account types like IRA and 529 college savings plans. Wealthfront uses advanced data science techniques to construct and monitor portfolios across asset classes. It also provides free financial planning powered by AI for college planning, homebuying etc. As a robo-advisor, it helps automate investing with no account minimum.
Robinhood – Best for free stock trading
Robinhood is a very popular free stock trading app. It offers commission-free trades on stocks, ETFs, options and cryptocurrencies. Robinhood uses big data analytics to help users discover investment opportunities and monitor markets. Key features that benefit beginners include user-friendly interface, educational contents, news feeds, price alerts, and easy account setup. It also has additional tools for fundamental analysis.
SigFig – Excellent AI-based analysis and projections
SigFig provides AI-powered investment analysis and portfolio recommendations for free. It scans your current investments and gives specific advice to optimize returns. Key features include portfolio checkup, retirement planning, college savings plan, automated rebalancing, and expense tracking. SigFig uses machine learning techniques to project future returns and suggest better performing investment products.
Fidelity – Comprehensive research and one-on-one guidance
Fidelity is a full-service brokerage that offers free AI-powered apps for investment research and portfolio management. Beginners can benefit from daily market insights, independent 3rd party research reports, interactive charts, screeners, ratings, news etc. Another advantage is Fidelity provides dedicated financial consultants to help new investors for free. So it combines AI analytics with human expertise.
TD Ameritrade – Intuitive education for new investors
As a leading online brokerage, TD Ameritrade provides beginner investors free access to personalized portfolio guidance powered by AI. Features like AI-based video courses, virtual assistant, risk analyzer, goals planning and automated alerts simplify investing for novices. It also offers $0 trades on stocks, ETFs and options. With intuitive education contents and human support, TD Ameritrade helps investors learn alongside using AI tools.
In summary, Wealthfront, Robinhood, SigFig, Fidelity and TD Ameritrade are the top recommended free AI investment apps for beginners. With automated analysis, portfolio management and easy-to-use education features powered by AI, these apps can greatly benefit new investors with limited time and knowledge to make optimal data-driven decisions.