The article also provides an in-depth review of each platform, discussing their features, benefits, and drawbacks. For instance, Robinhood offers free stock, option, ETF, and cryptocurrency trades, while Betterment offers goal-based planning, tax-loss harvesting, and access to certified financial planners. However, each platform also has its drawbacks, such as Robinhood's lack of investing research and trading tools and Betterment's fees for consulting a human advisor.
Key takeaways:
- Forbes is shutting down its investment app Q.ai on December 8, 2023, and users must transfer their assets to a different investment platform by that date.
- Eight alternatives to Forbes' app are suggested, including Robinhood, Betterment, Tykr, Streetbeat, Wealthfront, Acorns, Trade Ideas, M1 Finance, and Quantum AI.
- Each platform has its own pros and cons, fees, and account minimums, and they offer a range of features from AI-powered tools to robo-advisors and automated investing strategies.
- Users are advised to consider their individual investing needs and preferences when choosing a new platform.