These days, it’s hard to think of something you can’t do from your phone. From grocery shopping to unlocking and locking your car—you can do just about anything—including investing. We’re here to break down the best investment apps out there today, including investing apps for beginners to slightly more advanced versions. All apps are available on both iOS and Android.
If you’re trying to avoid trading commissions and want to pay as few fees as possible, Robinhood is one of the best investment apps. This app allows you to trade stocks, EFTs and cryptocurrency for free. It also features instant delivery for the first $1,000 of funds you deposit into the account so you can start trading right away.
The interface is slick, easy to navigate, and features a news feed that aggregates news and investment stories to keep you updated on the industry. Once you search for a stock’s page to view the charts and stats, you can enter the amount of shares you want to buy or sell. Simply swipe up and the order is on its way.
If you’re not interested in thinking too much about your investments but wish to contribute on a regular basis, Acorns is one of the best investment apps for you. Simply link your debit or credit card to your account and the app will round your transactions to the next dollar and invest that “spare change” into one of a few EFT portfolios. The cost is just $1 per month for Acorns Core.
If you’re interested in opening an individual retirement account (IRA), the company offers a more advanced version of their app, called Acorns Later. Overall, with its automatic savings options, Acorns is one of the best investing apps for beginners.
Stash is another one of the best investing apps for beginners. Like Acorns, Stash is low-cost and can help you build a diverse portfolio. Where Stash really stands out from Acorns, though, is the robust educational content and Stash Coach feature. This app is designed to help you better understand investing and will include this educational content based on your investment preferences. So where Acorns invests for you automatically, Stash wants you to make good, informed decisions on your own.
When you download Stash, you’ll answer a few questions, which will determine your goals and how risk-averse you’d like to be. From there, the app will suggest EFTs and individual stocks for you.
TD Ameritrade Mobile has great resources for beginners. This app features an abundance of educational videos and is full of research and data on stocks, companies and markets. You can also set up alerts that will notify you of breaking news or when a stock hits a certain price.
With TD Ameritrade Mobile, users can choose between stocks, bonds, ETFs, mutual funds, futures, foreign currencies, ADRs and more. And if help is ever needed, there’s 24/7 access to phone, text, and instant messaging support. One thing to note is that most trades do come with a $6.95 fee.
Betterment is one of the largest and most popular robo-advisors and provides professionally managed portfolios using a selection of ETFs, which are calibrated against your own risk tolerance. If you can handle more risk, the app will find you a higher return. In comparison, if you need a safer portfolio, Betterment can do that as well.
With one of the best socially responsible investment portfolios, Betterment is great for investors who like to support socially responsible companies and allows you to set goals to invest for, like a safety net or retirement. The management fee for the basic account is at about 0.25%, a competitive rate in the robo-advisor industry.
Whether you’re looking to buy your first stock or if you’re a seasoned investor, these investment apps will help you get your mobile investing journey started. For more information, tips, and hacks be sure to check out the Trademore blog.
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