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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.
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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:
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
