Best Investment Apps – Until recently, investing was very difficult. If you were lucky, you would spend up to an hour on the phone with a financial advisor. Then, at the end of the day, you would cross your fingers until the quarterly report arrived.
But with today’s investment apps, all it just takes is a few taps. With that, you can trade your own stocks, receive a portfolio, and shift money around without having to talk to anybody or go through any form of hassle.
Investing apps have grown in popularity in the past few years, and it is for a good reason. With the best investment apps, you can get access to all your stock market information in your comfort zone.
The best investment apps allow both experienced and new investors to manage their investments in the stock market and other financial markets. With a variety of amazing services at low fees, it helps investors save money and improve their portfolios.
Furthermore, there are so many investment apps out there; how can we get the best? This is a question most people ask on the internet today.
The best investment app is the one that suits your purpose and serves you best. And to find something like that, the best investment apps in the market today are listed in this article. Follow this article to the very end to find the perfect one for you.
10 Best Investment Apps in 2023
Some investment apps go beyond the buying and selling of stocks. Some apps offer a full picture of your finances, and you can set a budgeting goal. However, whatever your financial goal is, there is an app just for you.
So, without further ado, below are the best investment apps in 2023. And they are available for all your devices. Check them out.
People who love to trade in cryptocurrency will know about Binance US. Binance US is considered one of the best apps for cryptocurrency exchange.
This app is beginner-friendly, and it enables you to easily buy and sell crypto along with other major investments such as ETFs and stocks.
Unlike other cryptocurrency platforms, where you are not allowed to move your crypto from the app or even transfer your crypto to an offline crypto wallet called a cold wallet to protect you against fraud.
Binance.US is a pure crypto app that offers access to several cryptocurrencies, from the major ones like Bitcoin and Ethereum to other lesser-known coins.
Both beginners and advanced traders benefit from Binance.US thanks to its low-fee and advanced trading platforms.
TD Ameritrade’s Thinkorswim
Another good and reputable platform for investment is TD Ameritrade’s Thinkorswim. TD Ameritrade’s Thinkorswim is the right investment app for advanced traders.
With this app, you will have easy access to the basics, such as options, stocks, and futures trading, as well as some advanced charting functions, and you will be able to buy and sell securities over the counter.
Furthermore, on this app, traders can also keep track of their market-breaking news and enjoy the available educational resources. As a TD Ameritrade customer, you will also be able to gain access to the Thinkorswim app.
Through this app, you can participate in all of the trading capabilities of the TD Ameritrade app, along with other advanced investments such as forex.
In addition, you can have access to the settings you allow on the Thinkorswim Strong desktop platform in-app. This means that your market scan and chart drawings are with you at all times.
This app also provides chartrooms and paper trading for you to have a conversation and check your trading ideas.
If you are a beginner who is looking for an investment app to start trading with, then Fidelity Spire is the perfect app for you. This app is designed specifically for beginners, and it adds a savings feature with the ability to buy and sell stocks.
However, this platform has no account, and it features fractional share investing that enables you to buy less than a share of a particular security.
In addition, there are no account fees, and your orders won’t be sold to a high-frequency trading shop. This act is known as selling order flow.
Spire provides a variety of accounts outside of the usual taxable investment account so that you don’t have to commit to short-term buying and selling.
It has 529 and retirement accounts to invest in for themselves and their children’s future. Spire stands out from other investment apps thanks to its ease of use and the available educational material that will help with trading.
Another advantage of this app is that it coordinates with Fidelity Go. This is an investment firm based in Boston.
Betterment is an investment app that is dedicated to providing a robo-advisor to manage a low-cost portfolio of ETFs. This platform is among the original robots, and it has the best ratings.
It also doesn’t have an account minimum, which makes it very easy to get started. It provides a strong platform that will help you automate your investment in a way that suits your goals.
In addition, it also charges 0.25% of all the money you invest in a basic service. This is an advantage because an investment platform such as Acrons charges $1 every month.
Wealthfront is a robo-advisor app that has one of the highest ratings. It offers automated investment portfolios with a few management fees.
This investment platform has some outstanding features, such as Path, which allows you to analyze the impact of your investment decision on your long-term financial situation.
Customers can also add to a high-yield savings account along with access to a debit card. Wealthfront also provides a 529 college savings account and a low-interest portfolio.
Investment apps are all turning to Robo advisors. Although Round makes use of an automated questionnaire to generate its users’ portfolios, it works well with fund managers like Doubleline, Guggenheim Partners, and Gabelli.
In order to provide investors with access to institution-grade investments.
Alternative strategies and assets, such as real estate, asset-backed securities, and merger arbitrage, are used by Round institutional managers.
No matter what the account value is, Round charges a 0.5% management fee. In the event of a negative return, the round changes its monthly fee.
Every investor has to start from a place. To serve the fledgling demographic, Acorns gives free management to college students. Unlike other investment apps, Acorns offers a spare change-saving tool, which rounds up purchases users make at retailers.
The only difference between the balance due and the next dollar is the amount invested in the users’ accounts. However, you need to know that Acorn’s flat fees can be stiff for those with small account balances.
For one dollar, two dollars, or three dollars per month, it depends on the user’s account balance. Acorns offers a passive portfolio of ETFs.
For investors who want to do it themselves and also pay a few fees, Robinhood is the best investment app. With no account minimum or commissions, Robinhood cuts out most of the costs associated with investing apps. Unfortunately, Robinhood users need to make some sacrifices.
It does not offer managed portfolios or retirement accounts. This means all the investments made through the app are self-managed and taxable. It is bare-bones for an investing app, but it is absolutely the best way to trade for free individually.
Just like Acorns, Stash is one of the best investment apps for beginners. However, Stash stands out with its account options; for a flat $3 monthly fee, users get brokerage, retirement, and bank accounts.
At the $ 9-a-month level, they also receive a monthly investment report, two custodial accounts, a stronger reward structure, and an upgraded debit card.
It only requires $5 to open an account, and users can purchase fractional shares in ETFs and stocks. Unfortunately, though, Stash only offers 60 EFT and 150 stock options.
To make their holdings more obvious to starters, Stash changes EFTs with monikers such as “Clean and Green” for iShares Global Clean Energy EFT.
Through the E*Trade app, do-it-yourself investors can purchase a wide range of assets. E*TRADE stocks, EFTs, mutual funds, futures, and options are backed by a best-in-class research library.
There it provides expert studies and interactive charts. The investment app allows users to research company news, dividends, earnings, and metrics such as debt-to-equity ratio.
In exchange for the data, E*Trade charges steeper commissions than other providers on this list. Due to its array of assets and educational tools, this app is a smart pick among the poles.
Beginning investors will appreciate the concept of building a risk-aligned portfolio. While veterans will like its professional investment options.
In the list above, we have provided a variety of good investing apps. Some of these apps are perfect for beginners, and some are for experienced investors.
How Much Should I Invest?
The amount you want to invest depends on your goals. You can look for an investment app or a broker that can tend to any amount that you would like to invest.
One of the major rules of investing is to start as soon as possible. The longer you leave your money in an investment account, the longer your money grows.
Even with just a few dollars, you can start a mini-investing app, or with a few hundred bucks, you can start a beginner-friendly app with lots of features, such as Betterment or Wealthfront.
However, before choosing how much you want to invest, you should first set some financial goals. Make sure that you pay off any debt and have an emergency fund. Also, create a budget to cover your daily expenses.