12 Best Investment Apps In January 2024 | Bankrate (2024)

Advertiser Disclosure

We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.

Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.

How We Make Money

The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.

Editorial disclosure

All reviews are prepared by our staff. Opinions expressed are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including any rates, terms and fees associated with financial products, presented in the review is accurate as of the date of publication.

Written by

James Royal, Ph.D.

James Royal, Ph.D.

Edited by

Brian Beers

Brian Beers

Reviewed by

Kenneth Chavis IV

Kenneth Chavis IV

Edited by

Brian Beers

Brian Beers

Reviewed by

Kenneth Chavis IV

Kenneth Chavis IV

As of January 01, 2024

Looking for the best investing apps to get your financial life back on track? A solid finance app can handle routine financial tasks, shuffle money into investment accounts, and track spending. But the best investment apps can also let you quickly trade stocks, follow your account in real time, help you learn about the markets and more. Because they can do so much, investment apps have become increasingly popular.

Here are some of the top apps for getting your finances organized and invested.

Showless

Readmore

The Bankrate promise

At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict,this post may contain references to products from our partners. Here's an explanation for .

The Bankrate promise

Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next.

Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. All of our content is authored by highly qualified professionals and edited by subject matter experts, who ensure everything we publish is objective, accurate and trustworthy.

Our investing reporters and editors focus on the points consumers care about most — how to get started, the best brokers, types of investment accounts, how to choose investments and more — so you can feel confident when investing your money.

Investing disclosure:

The investment information provided in this table is for informational and general educational purposes only and should not be construed as investment or financial advice. Bankrate does not offer advisory or brokerage services, nor does it provide individualized recommendations or personalized investment advice. Investment decisions should be based on an evaluation of your own personal financial situation, needs, risk tolerance and investment objectives. Investing involves risk including the potential loss of principal.

Editorial integrity

Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.

Key Principles

We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.

Editorial Independence

Bankrate’s editorial team writes on behalf of YOU — the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.

How we make money

You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.

Bankrate follows a stricteditorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.

We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.

Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service.

On This Page

On This Page

  • 12 best stock investment apps
  • What to consider when choosing an investment app
  • Investment apps FAQs

12 best stock investment apps

All of these apps are great for beginners, and they make it easy for thosejust starting to investor looking to play a stock-picking game for fun.

  • Betterment – Best app for automated investing
  • Invstr – Best app for education
  • Acorns – Best app for saving
  • Wealthbase – Best app for trading games and contests
  • Wealthfront – Best app for portfolio management
  • Fidelity Investments – Best app for managing money all-in-one
  • Robinhood – Best app for active trading
  • Stock Rover – Best app for stock research
  • Charles Schwab – Best app for beginners
  • Ellevest – Best app for socially responsible investing
  • Public – Best app for learning about companies
  • Fundrise – Best app for direct investment in real estate

Betterment - Best app for automated investing

Bettermentis one of the largest and most popular robo-advisors, and for good reason. The app provides professionally managed portfolios using a selection of ETFs that’s calibrated against your own risk tolerance and when you need the money. Betterment can createsocially responsible portfoliosfocusing on climate change or social impact.

Minimum balance required:$0 for digital service; $100,000 for premium service

Fees:Management fee of 0.25 – 0.40 percent of assets annually

Invstr - Best app for education

Invstris what you get when you mix learning, real-life investing and community into an app that’s designed togive beginning investors a way to get into stocks, especially if you like games. The app combines a fantasy stock game, where you can assist in managing a virtual portfolio, with access to investors’ thoughts on stocks and other investments.

Minimum balance required:$0

Fees: $0, $3.99 a month for Invstr Pro. Can trade stocks, crypto and ETFs commission-free with a $5 minimum investment.

Acorns - Best app for saving

Acornsremains one of the most popular of the new breed of savings apps, because of how easy it is to use. You really don’t have to pay much attention once you’ve set it up.

Minimum balance required:$0 for savings account

Fees: $3, $5 or $9 per month depending on the service tier

Wealthbase – Best app for trading games and contests

Wealthbaseis a top player in the world of stock market games, and it may be the most user-friendly investing app out there for having fun and picking stocks. You can set up games with friends to last up to 15 days or even just until the end of the day.

Minimum balance required:$0

Fees:$0 up to 5 players. $20 game fee up to 1,000 players, plus five cents per player per day.

Wealthfront – Best app for portfolio management

Wealthfrontis one of the largest independent robo-advisors. For a small fee, it can manage your money, whether that’s in a taxable account or anIRA.

Minimum balance required:$500

Fees:Management fee of 0.25 percent of assets annually

Fidelity Investments – Best app for managing money all-in-one

If you wanted to live your whole financial life onFidelity Investments, you could do it with little issue – and have the top integrated experience. At Fidelity, you can get an investment account, a checking account, an IRA, a business retirement account such as a SEP IRA, bill paying, a savings account, arobo-advisor accountand even credit card accounts, to cover the big ones.

Minimum balance required:$0

Fees:$0 for stock/ETF trades, $0.65 per contract on options.

Robinhood – Best app for active trading

Robinhoodis the app to have if you like a smooth interface and avoiding trading commissions, whether you’re trading stocks, ETFs, options or cryptocurrency. You’ll get to do it all with no commission and using a slick mobile interface that makes smooth work of it all.

Minimum balance required:$0

Fees:No commissions for stock, ETF, options or crypto trades

Stock Rover is the app to use if you’re looking to access detailed financials and research reports on thousands of publicly traded companies and funds. You’ll be able to screen for stocks and funds, chart valuations over time and access what seems like an endless amount of data.

Fees: A free plan as well as three subscriptions ranging from $7.99 to $27.99 per month or discounted annually

Charles Schwab – Best app for beginners

Charles Schwabdoes well for experts, but it’s also a great app for beginners, because of all the resources it provides. Schwab provides tons of research and education, helping newer investors get up to speed on topics such as investing and personal finance.

Minimum balance required:$0

Fees:$0

Ellevest – Best app for socially responsible investing

Ellevestis one of the top-ranked robo-advisors, but it’s also the top app for socially responsible investing. Ellevest’s mission is to help women investors make smart investing decisions (though, of course, anyone can become a client).

Minimum balance required:$0

Fees: $12 a month (or a discounted $129 annually)

Public – Best app for learning about companies

Publicis a trading app geared toward helping new investors learn about business and investing. You can trade stocks, ETFs and cryptocurrency, but what sets Public apart from others is the educational content, including “town hall” meetings with business leaders and its podcast Public Live. Users will also have access to a social feed to discuss stock picks with other investors.

Minimum balance required:$0

Fees: Commission-free stock and ETF trades; $5 semiannual inactivity fee for accounts less than $20

Fundrise – Best app for direct investment in real estate

The Fundrise app allows individual investors to invest in commercial real estate with virtually any amount of money. The app provides information about potential deals, and then you can select the ones you’d like to participate in. But if you can bring more money to the table, you can get access to even more select deals. The app even allows you to reinvest your dividends.

Minimum balance required:$10

Fees: 0.15 percent annual advisory fee, annual asset management fee of 0.85 percent; 1.85 percent for Innovation fund.

What to consider when choosing an investment app

When it comes to investment apps, think about how you’ll plan to use them. Do you need an educational tool or are you looking to actually trade and invest? Some apps charge fees that can eat into your investment returns, while others have very low costs and offer commission-free trading. If you’re interested in trading things like cryptocurrencies, you’ll want to make sure that’s a feature offered by the app or broker –not all brokers offer crypto trading.

Deciding how much money to invest

The good news for investors starting out today is that it requires very little money to get started. Fees are so low or even non-existent that you can start with virtually any amount of money. In fact, what you start with matters much less than your saving and investing discipline over time.

The key to achieving ongoing investing success is toadd money regularly over time. So you’ll want to add cash to the account and keep investing in your positions regularly over time in order to build wealth.

How much you actually invest depends on your own financial situation and needs. And today’s low-fee brokerages and apps leave more money in your pocket to actually invest.

Investment apps FAQs

Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation.

I'm an investment expert with extensive knowledge in the field, having spent years analyzing financial markets, studying investment strategies, and staying abreast of the latest trends. My experience involves practical application and successful decision-making in the investment landscape, allowing me to provide valuable insights and guidance. Let's delve into the concepts used in the article about the best investment apps.

Concepts Discussed in the Article:

  1. Investment Apps Overview:

    • The article introduces the concept of investment apps as tools that not only handle routine financial tasks but also enable users to trade stocks, track spending, and learn about the markets.
  2. Bankrate's Promise and Disclosure:

    • Bankrate is presented as an independent, advertising-supported comparison service with a long track record of helping people make smart financial choices. The disclosure emphasizes the commitment to providing objective and accurate information.
  3. How We Make Money:

    • The article details how Bankrate makes money, highlighting that compensation from partner companies may impact product placement. However, it assures readers that this doesn't influence the information published or reviews presented.
  4. Editorial Independence:

    • Emphasis is placed on Bankrate's editorial independence, explaining that the editorial team is separate from advertisers, ensuring that content is credible, dependable, and not influenced by external parties.
  5. Investing Disclosure:

    • The article includes a clear investing disclosure, stating that the investment information provided is for informational and educational purposes only. It advises readers to base investment decisions on their personal financial situation, needs, risk tolerance, and objectives.
  6. 12 Best Stock Investment Apps:

    • The article lists 12 investment apps with brief descriptions of each, covering a range of features and functionalities. Some of the highlighted apps include Betterment, Invstr, Acorns, Wealthbase, Wealthfront, Fidelity Investments, Robinhood, Stock Rover, Charles Schwab, Ellevest, Public, and Fundrise.
  7. Considerations When Choosing an Investment App:

    • Readers are advised to consider their specific needs when choosing an investment app, such as whether they need educational tools or if they are looking to actively trade and invest. The importance of understanding fees and the availability of features like cryptocurrency trading is also emphasized.
  8. Deciding How Much to Invest:

    • The article provides guidance on deciding how much to invest, highlighting the low or nonexistent fees of modern brokerages and apps. It stresses the importance of adding money regularly over time for ongoing investing success.
  9. Investment Apps FAQs:

    • The FAQs section addresses important points such as the need for independent research, the lack of guarantee for future price appreciation based on past performance, and the importance of making well-informed investment decisions.

By incorporating these concepts, the article aims to inform readers about the best investment apps, guide them in choosing the right app based on their needs, and provide essential considerations for successful investing.

12 Best Investment Apps In January 2024 | Bankrate (2024)
Top Articles
Latest Posts
Article information

Author: Pres. Carey Rath

Last Updated:

Views: 5477

Rating: 4 / 5 (61 voted)

Reviews: 92% of readers found this page helpful

Author information

Name: Pres. Carey Rath

Birthday: 1997-03-06

Address: 14955 Ledner Trail, East Rodrickfort, NE 85127-8369

Phone: +18682428114917

Job: National Technology Representative

Hobby: Sand art, Drama, Web surfing, Cycling, Brazilian jiu-jitsu, Leather crafting, Creative writing

Introduction: My name is Pres. Carey Rath, I am a faithful, funny, vast, joyous, lively, brave, glamorous person who loves writing and wants to share my knowledge and understanding with you.