Market Briefs Newsletter

Subscribe to our FREE finance & business newsletter to get financial news you can finally use.

Thanks for signing up to Market Briefs! Please check your email to confirm your subscription. If you don't see the email in an hour, check your spam and promotions folder. 

Be sure to read our Privacy Policy & Terms of Use.

  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Minority Mindset

Minority Mindset

Defy all odds.

  • Home
  • About
  • Blog
    • WEALTH
    • REAL ESTATE
    • STOCKS
    • SAVINGS
  • PRODUCTS
  • MONEY 101
  • GUAC TALK
Advertiser Disclosure

Our promise to you.

Minority Mindset, LLC is an independent, advertising-supported publisher. We are not an investment advisor. Always do your own due diligence and never blindly listen to a random article on the internet. We do our best to provide financial education with our free videos, articles, tools, and other self-help content. But these are for informational purposes only, they’re not investment advice.

Minority Mindset does not and cannot guarantee the accuracy or applicability of any information regarding your individual circumstances. The examples we provide are hypothetical and we encourage you to get advice from a qualified professional regarding specific investment, tax, legal, and financial issues. Previous market performance does not guarantee future performance.

We want everyone to be able to make educated financial decisions. We do not feature every company or financial product available. However, we’re proud of the financial education and guidance that we provide at no charge.

We’re paid by our brand partners and advertisers. This may influence which products we mention, review, and where they appear on our site. But it does not affect our recommendations or advice.

See more from Stock Market Investing

Best Stock Market Investing Accounts For 2022

May 22, 2022 by Ashley Simpson

Ashley Simpson Author
Ashley Simpson May 22, 2022

Stock Market Investing Accounts

Disclaimer

We only endorse products that we truly believe in. Some of the links below may earn us some extra guac at no additional cost to you. Please pass the chips & thank you for feeding our habit.

When I first started investing in the stock market, I thought that I needed the assistance offered by a professional financial advisor or an investment expert. I did find that it was worth the initial cost, but I have since moved away from this more traditional approach to investing. With the rise of online brokers and stock market investing accounts, I can now be in complete control of my investments with minimal fees and low account minimums. 

The best stock market investing accounts for 2022 include Robinhood, M1 Finance, and SoFi. The three platforms have account minimums ranging from $0 to $100 and all feature diverse assets with zero commission fees on trades. M1 Finance has an extensive list of resources to educate. 

If you think that you are ready to start investing in the stock market on your own, here is what you need to know about stock market investing accounts and which ones are the right fit for you.

PlatformPromotionsLink
Get a cash bonus of $30-$500 Sign Up
Get one free stock priced up to $225 Sign Up
Get up to $1,000 after funding a new accountSign Up
Get a free slice of stock worth up to $300Sign Up

What Is A Stock Market Investing Account? 

According to a Minority Mindset poll, investing in the stock market is still the preferred vehicle for many people who want to grow their wealth. People prefer the stock market to both crypto (60 percent vs 40 percent) and real estate investments (54 percent to 46 percent). Investors who want to take advantage of the stock market will need an investing account. 

In the modern world, most people will turn to online brokerages over the more traditional service offered by financial advisors. They will still get most or all of the perks like individualized advice for long-term wealth building and simple service to buy and sell stocks. 

However, online brokers tend to have lower fees and account minimums that make them more favorable for those just looking to get started. 

Opening a brokerage account or a stock market investing account means that you need to weigh the features and services that the company offers. Here are a few things that you should think about before you decide to invest your money in any given online brokerage: 

  • Cost and fees
  • Account minimums
  • Educational databases to help new investors
  • Diversification of funds

The Best Stock Market Investing Accounts For 2022

Are you ready to make your first stock market investing account? There is no shortage of potential brokerages you can work with from the comfort of your couch. Here are the top three accounts and why you will want to move them to your short list. 

Robinhood

Investors who are on the hunt for simplified investing with extremely low account minimums and fees will want to learn more about what Robinhood has to offer. For as little as $1, investors can purchase fractional shares of their favorite stocks whether that means pricey options like Apple and Netflix or more up-and-coming companies. 

While there are some exclusions (notably mutual funds), Robinhood allows you to invest in a diverse array of assets, including: 

  • Stocks
  • ETFs
  • Options
  • Cryptocurrency

One of the best parts of Robinhood is that they charge $0 in fees for those who want to buy and sell with regularity. Investors can also choose to have their dividends reinvested into the platform so that wealth can continue to grow. 

The only real downside to using Robinhood is that they assume most investors already know how to invest in the stock market. They are lacking educational resources for those who want to learn more about how to effectively manage their investments. While these resources can easily be found off the platform, it is a bit inconvenient to those who are eager to get started.

Sign Up For Robinhood Here

Featured Partners

$0 Fees | $100 Minimum

Invest Here

$0 Fees | $0 Minimum

Invest Here

$0 Fees | $1 Minimum

Invest Here

M1 Finance

A direct competitor to Robinhood, M1 Finance offers everything that prospective investors are eager to dive into. Acting as a robo-advisor, the platform makes it easy to see what and how your dollars are invested. They do have a slightly higher account minimum of $100 ($500 if you want to invest in retirement savings accounts). 

For beginners, they offer more than 80 different pies that were created by experienced traders. However, they also allow you to build your own custom pie that meets your investment needs and goals. The level of involvement that an investor has in their stock market account is totally up to the individual. 

stock market investing account

Much like Robinhood, M1 Finance is known for their fee-free platform. There are zero fees for both account management and trading. Keep in mind that they do charge fees for items such as wire transfers, check requests, and more. 

Investors who have questions about how the process works will want to refer to the extensive library of resources that can assist them. From questions about how the platform works to a great blog about the latest investment news, investors will love staying abreast of their investments and learning more for the future.

Get Up To $500 For Funding Your New Account With M1 Finance

SoFi

Another great stock market investing account that should make the list is SoFi. They offer a robust selection of assets that you can choose from such as stocks, banking needs and even some cryptocurrency. Like the other stock market investing accounts listed here, SoFi also allows you to invest in fractional shares so that all of your money can be hard at work for you. 

SoFi is an excellent, all-around, investment and banking platform with no-fee stock trading and low-fee crypto transactions. It allows you to begin investing in crypto for as little as $10 or stocks (fractional shares) for $5.

Invest With SoFi Today

Using A Stock Market Investing Account

No matter how much money you plan to invest in the stock market, there are broker accounts out there to match your investment style. Robinhood, M1 Finance, and SoFi all offer extremely low fees and competitive platforms that simplify the process. For low fees and significantly lower account minimums, you can get started quickly and easily. 

While you may not receive all of the same tailored advice provided by a financial advisor, you do have access to education on how the stock market works and what you can expect from your trading experience.

If you are interested in a DIY approach to your investments with a reliable stock market investing account, you can’t go wrong with one of these three options!

Stock Promotions

BrokeragePromotionLink
1 Free Stock Valued Up to $225Sign Up
Get $30 When You Deposit $1,000Sign Up
Get a free slice of stock worth up to $300Sign Up
Ashley Simpson Author

Written by Ashley Simpson.

Ashley Simpson has been a writer and personal finance connoisseur for almost a decade. While she definitely categorizes herself as a saver – not a spender – you will often find her splurging on a good cup of coffee!

Primary Sidebar

Advertiser Disclosure

Our promise to you.

Minority Mindset, LLC is an independent, advertising-supported publisher. We are not an investment advisor. Always do your own due diligence and never blindly listen to a random article on the internet. We do our best to provide financial education with our free videos, articles, tools, and other self-help content. But these are for informational purposes only, they’re not investment advice.

Minority Mindset does not and cannot guarantee the accuracy or applicability of any information regarding your individual circumstances. The examples we provide are hypothetical and we encourage you to get advice from a qualified professional regarding specific investment, tax, legal, and financial issues. Previous market performance does not guarantee future performance.

We want everyone to be able to make educated financial decisions. We do not feature every company or financial product available. However, we’re proud of the financial education and guidance that we provide at no charge.

We’re paid by our brand partners and advertisers. This may influence which products we mention, review, and where they appear on our site. But it does not affect our recommendations or advice.

More From Stock Market Investing

  • Robinhood Scandal - Should You Still Use Robinhood?
  • Making The Most Of Investing In A Bear Market
  • Best Investment Accounts For Young Investors
  • Dollar Cost Averaging – Everything You Need to Know

Get Your FREE Guide To The Stock Market

& our daily newsletter

Thanks for signing up for our financial education emails! Check your email to confirm your subscription. If you don't see the email in an hour, check your spam and promotions folder.

Be sure to read our Privacy Policy & Terms of Use.

Featured Stock Market Investing Posts

Robinhood Scandal

Robinhood Scandal - Should You Still Use Robinhood?

Investing Bear market

Making The Most Of Investing In A Bear Market

best investment accounts for young investors

Best Investment Accounts For Young Investors

Dollar Cost Averaging

Dollar Cost Averaging – Everything You Need to Know

The Latest On Stock Market Investing

Stock Market Investing Accounts

Best Stock Market Investing Accounts For 2022

M1 Finance Review

The Ultimate M1 Finance Review - Great For Experienced Investors

Robinhood Review

Robinhood Review - How To Use Robinhood In 2022

Webull Alternatives

Webull Alternatives To Consider - Top Investing Apps In 2022

Top 5 Investing Apps With Instant Deposit

The Top Investing Apps With Instant Deposit

What Is M1 Finance

What Is M1 Finance? How To Start Investing With M1 Finance

How To Invest in Stocks For Beginners In 2022

How To Invest In Stocks For Beginners - Ultimate Guide

Here's exactly what an IPO is and if you should invest in them

What Are IPOs And Should You Invest In Them?

Using a good investing app can help boost your portfolio

The Top 5 Stock Market Investing Apps

Hands-Off Investing Strategies: ETFs

Hands-Off Investing Strategies: ETFs

Footer

Keep Hustlin’

Company

  • About Us
  • Store

Help

  • Contact Us
  • Advertise
  • YouTube

Legal

  • Privacy Policy
  • GDPR Opt-Out
  • Comment Policy
  • Terms of Use

Follow us on:

Disclaimer: The information on this site is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own personal situation and requirements, and seek independent professional advice, before making any financial decisions. Our content is provided for informational purposes only, and no content that is provided or included in our products or services is intended for trading or investing purposes. We will not be liable for the accuracy, usefulness, or availability of any information transmitted and/or made available by way of our products or services, and shall not be responsible or liable for any trading and/or investment decisions made by you based on any such information. For a further understanding of this Disclaimer and use of our site, please see the information contained in our Terms of Use and Advertising Disclaimer.

Minority Mindset may earn a portion of sales from products that are purchased or recommended through our site as part of our Affiliate Partnership with retailers and brands.

Minority Mindset has partnered with CardRatings for our coverage of credit card products. Minority Mindset and CardRatings may receive a commission from card issuers.

© 2023 Minority Mindset, LLC. All Rights Reserved.
Website managed by Stallion Cognitive™