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Are you seeking the finest investment apps to regain control over your financial life? A reliable finance app helps with everyday jobs and makes it easy to move money into investment accounts. It also keeps track of spending and lets you trade stocks quickly. These flexible features have helped financial apps become more and more popular.
We’ve put together a list of the best investment apps to help you keep track of your money and make smart purchases. These apps put user happiness first. They have great ways to help customers and get good reviews in mobile app stores. Also, our research took into account the costs of investing, account fees, and the minimum amount of money that had to be invested.
Best Investment Apps Comparison Table
| Product | Betterment | Investr | Acorns | Robinhood | Fidelity |
|---|---|---|---|---|---|
| Platform | Web, iOS, Android | Web, iOS, Android | Web, iOS, Android | Web, iOS, Android | Web, iOS, Android |
| Fees | 0.25%-0.40% annually | $1 per month | $1, $3, or $5 per month | $0 | Varies |
| Features | Automated investing, goal-based tools, tax-efficient options | Commission-free trades, fractional shares | Automated investing, round-ups, custom portfolios | Commission-free trades, options trading, cryptocurrency trading | Comprehensive investment options, research tools |
| Minimum | No minimum | No minimum | No minimum | No minimum | No minimum |
| Account | Individual, joint, trust, traditional IRA, Roth IRA | Individual | Individual | Individual | Individual, joint, trust, traditional IRA, Roth IRA |
| Security | SIPC insured, two-factor authentication | SIPC insured, two-factor authentication | SIPC insured, two-factor authentication | SIPC insured, two-factor authentication | SIPC insured, two-factor authentication |
| Download Link | Download Now | Download Now | Download Now | Download Now | Download Now |
1. Betterment
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| Feature | Description |
|---|---|
| Robo-advising | Automated investment management based on user preferences |
| Goal-based | Ability to set and track financial goals |
| Tax-efficient | Strategies to minimize tax impact on investments |
| Portfolio rebalancing | Regular adjustments to maintain desired asset allocation |
| Diversified | Broad range of investment options across asset classes |
Betterment is currently one of the most prominent and widely used automated financial counselors, and for good reason. The app offers professionally managed portfolios that are constructed using a variety of ETFs.
These portfolios are tailored to your individual risk tolerance as well as the time when you will require the money. Betterment is capable of developing socially responsible portfolios that have an emphasis on climate change or social effect.
The Good
- Easy-to-use platform
- Goal-oriented investing
- Tax optimization strategies
- Automatic portfolio rebalancing
- Diversified investment options
The Bad
- Limited customization options
- Higher fees compared to some competitors
- No direct trading or individual stock investing
2. Investr
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| Feature | Description |
|---|---|
| Social investing | Ability to see and follow the investments of other users |
| Portfolio tracking | Real-time monitoring of investment performance |
| Research tools | Access to market data, news, and analysis |
| Fractional investing | Option to buy fractional shares of stocks or ETFs |
| Educational resources | Learning materials for investors and traders |
Invstr is an app that combines learning, real-life investment, and community into a single package. Its primary goal is to provide novice investors with a fun and easy entry point into the stock market, particularly for those who enjoy playing games.
The Good
- Social investing community
- Real-time portfolio tracking
- Research tools for market insights
- Fractional investing for affordability
- Educational resources for learning
The Bad
- Limited investment options
- Lack of advanced trading features
- Higher fees for certain services
3. Acorns
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| Feature | Description |
|---|---|
| Round-up investing | Invests spare change from everyday purchases |
| Automated savings | Recurring transfers to grow savings effortlessly |
| Portfolio diversification | Investments across various asset classes |
| Found Money | Cash-back rewards invested directly into the account |
| IRA accounts | Option to open and contribute to individual retirement accounts |
Acorns is a financial app that lets you use a robo-advisor, individual retirement accounts (IRAs), and even a savings account. It made our list because it’s a good choice for new users who want to start small with micro-investing.
Micro-investing is just putting small amounts of money into the market over and over again, so that your payments add up over time. It’s a good plan for people who are new to investment and want to try it out before going all in.
The Good
- Easy way to invest spare change
- Automated savings feature
- Diversified portfolio allocation
- Cash-back rewards program
- IRA account options
The Bad
- Limited control over investment selection
- Fees can be relatively high for small balances
- No direct stock trading functionality
4. Robinhood
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| Feature | Description |
|---|---|
| Commission-free trading | No fees for buying and selling stocks, ETFs, and options |
| Fractional shares | Ability to buy and sell fractional shares of stocks |
| Cryptocurrency trading | Access to a variety of cryptocurrencies for trading |
| Robinhood Gold | Premium subscription for additional features and margin trading |
| User-friendly interface | Simplified and intuitive platform design |
Robinhood was the first investing app to let users buy and sell stocks without having to pay a fee. This led many other brokerages to follow suit. Like the other apps on this list, there is no minimum to open an account with Robinhood, and there is also no minimum to start trading.
Investors can easily trade stocks, options, ETFs, and cryptocurrencies, but it doesn’t have mutual funds or bonds. If you want to diversify your account, you may need to use a different investing app. Robinhood does not currently offer tax-advantaged retirement accounts, so users will also have to look elsewhere for IRAs.
The Good
- Commission-free trading
- Fractional share investing
- Cryptocurrency trading
- Robinhood Gold membership options
- User-friendly interface
The Bad
- Limited research and analysis tools
- Customer support can be slow
- Outages and technical issues have occurred in the past
5. Fidelity
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| Feature | Description |
|---|---|
| Wide range of investments | Extensive selection of stocks, bonds, funds, and more |
| Research and analysis | Tools and reports for in-depth investment research |
| Retirement planning | IRA and 401(k) accounts with planning and guidance |
| Active trader platform | Advanced trading tools for frequent traders |
| Investor education | Resources and webinars for learning about investing |
Fidelity is one of the most well-known names in the business because it has a strong trade platform and fees that are surprisingly low.
The site is great as a full-service broker because it has a wide range of assets that can be invested in and is easy to use. According to a recent study of Americans who buy and sell stocks often, Fidelity is also the most popular investment app.
The Good
- Diverse investment options
- Robust research and analysis tools
- Comprehensive retirement planning services
- Advanced trading platform for active traders
- Extensive investor education resources
The Bad
- Higher fees for certain services
- Complex platform interface for beginners
- Customer service can be inconsistent
FAQs
A: Most trustworthy investment apps put the safety of their users’ money and details first. They use encryption, two-factor authentication, and secure socket layer (SSL) technology, among other security steps, to keep user data safe. But it’s important to remember that no system is 100% safe from security problems. Use strong, unique passwords, turn on two-factor authentication, and watch out for phishing attempts and other strange behavior to improve your safety.
A: Fees for investment tools can be different. Some apps charge a fee for each deal or transaction, while others may work on a subscription basis or charge a percentage of your assets under management (AUM). Also, some apps have “premium” levels that cost more but have more features. Before you use an investment app, you should carefully look at its fee structure to make sure you understand the costs and that they fit with the way you spend.
A: Yes, a lot of financial apps let you do more than just buy stocks. Depending on the app, you may be able to buy in ETFs, mutual funds, bonds, options, and even cryptocurrencies. But different apps may not offer the same kinds of investments, so it’s important to do research and make sure that the app you choose covers the asset classes you’re interested in.
