A curated selection of brokerage platforms and custodial accounts that allow teenagers to begin investing with minimal capital. These services prioritize low fees, educational resources, and user-friendly interfaces designed to help young investors build wealth and financial literacy from a very early age.
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A robust custodial account for teens aged 13-17 managed by a parent or guardian. It offers a debit card linked to the investment account, allowing teens to make withdrawals while maintaining full access to Fidelity’s extensive research tools and zero-fee stock trading.
Designed specifically for children under 18, this app automates investing by rounding up spare change from everyday purchases. It provides a simplified, gamified experience that introduces basic portfolio diversification without requiring complex market knowledge or large initial deposits.
Offers a 'M1 Prime' account with no minimum deposit requirements, allowing teens to invest in custom portfolios or individual stocks. The platform supports fractional shares, enabling precise allocation of small amounts of money into diversified baskets of assets.
A commission-free investing app that allows users to start with as little as one dollar. It features a clean interface with educational content and social features, making it accessible for teens who want to explore stock trading with minimal financial risk.
Pioneered commission-free trading for retail investors, allowing teens to buy fractional shares of stocks and ETFs with very low entry costs. While popular, it requires parental supervision via a custodial setup to comply with account age regulations.
Provides a comprehensive suite of custodial options including UGMA and UTMA accounts, along with a teen checking account for spending money. The platform is known for strong customer service and access to thousands of no-transaction-fee mutual funds and ETFs.
Focuses on financial education alongside investing, offering themed baskets that explain the 'why' behind each investment choice. It allows users to start with small amounts and gradually build a portfolio tailored to specific interests or values.
A social investing platform that allows fractional share purchases with no account minimums. It emphasizes transparency and community, providing real-time news and discussion feeds that help young investors understand market movements as they happen.
Offers a youth account option for teenagers to open custodial brokerage accounts with low barriers to entry. It provides access to advanced trading tools and educational webinars, suitable for teens who want a more traditional brokerage experience.
While primarily a robo-advisor, it offers features like Cash Account and Banking that can be integrated with custodial arrangements. It automates portfolio management based on risk tolerance, teaching teens the value of passive investing and long-term growth.
Another leading robo-advisor that simplifies investing through automated portfolio construction. Although it has a minimum deposit, some custodial pathways or promotional offers may allow lower entry points, focusing on long-term goal-based investing for young users.
Allows parents to open custodial accounts where they can invest in Vanguard’s low-cost index funds and ETFs. This platform is ideal for long-term, buy-and-hold strategies, emphasizing the power of compounding returns over time for future education or retirement.
A professional-grade platform offering access to global markets with low margin rates. While complex, its student programs provide educational resources and low-cost trading, suitable for teens interested in advanced financial concepts and international investing.
Known for its strong banking integration, Ally offers custodial accounts that combine investing with everyday banking needs. It provides a straightforward interface for buying fractional shares and ETFs, appealing to teens who want a seamless financial ecosystem.
While primarily a banking app, its credit builder feature and integration with financial wellness tools make it a good starting point for managing cash flow. Teens can pair this with other investment apps to ensure they have disposable income allocated for investing.
A debit card and allowance app for kids and teens that includes a built-in investing feature. Parents can set investment goals and match contributions, making it an excellent tool for teaching teens how to save and grow money simultaneously.
Similar to Greenlight, GoHenry offers a prepaid card and allowance management system with an investment account for teens. It focuses on financial education through real-world tasks and challenges, encouraging responsible spending and smart saving habits.
A newer entrant offering banking and investing features tailored for teens. It emphasizes financial literacy through interactive learning modules and allows for easy transfers between spending and saving buckets, simplifying money management for young users.
A budgeting app that can help teens track their spending and allocate funds for investing. While not a broker, it provides the foundational budgeting skills necessary to consistently set aside money for investment accounts with limited initial capital.