The 15 Best Investment Apps For Beginners & Everyday Investors

Key Takeaways


Time constraints are one of the biggest obstacles for aspiring investors — and even experienced investors trying to grow their portfolios. A packed schedule gets in the way of the research and management required to grow a successful financial portfolio. Today’s best investment apps aim to solve that problem by making your finances accessible straight from your smartphone.

There are apps dedicated to almost every investment strategy, and at every skill level. From beginners ready to make their first investment to advanced entrepreneurs looking to trade stocks on the go, the right app can make many financial actions more accessible. Keep reading to find the best investing apps and start building your portfolio straight from your phone.

What Are The Best Investment Apps For Beginners?

The best investment apps for beginners focus on a few main features: user experience, risk management, and available information. Beginners should find apps that show them the ropes while making investments that fit their personal financial goals. Based on this, here are some of the best investment apps for beginners:

  1. Acorns

  2. Stash

  3. Ally

  4. Invstr


[ Thinking about investing in real estate? Learn how to get started by registering to attend a FREE real estate class offered in your area. ]


investment apps

Acorns

Acorns is a great investment app if you want to bolster your savings and invest without even thinking about it. The app integrates with your credit or debit card and rounds up purchases to automatically add funds to an investment account. Acorns allows you to invest in EFTs and a few fractional shares in stocks. There are three tiers (lite, personal, and family) allowing users to add additional accounts for a premium rate. Other key features of the app include:

  • No investment minimums

  • Five portfolio types

  • Automatic rebalancing

  • Option for family spending account

  • 24 hour customer support by phone or live chat

  • Costs $1 to $5 a month depending on account type

Stash

Stash is one of the best apps for beginners hoping to learn the ropes of investing fast. The app mixes educational content and games to make financial topics easier to learn. Users can customize goals based on what they want to focus on, and can actively track their progress. Stash lets you work with value-based investment offerings and provides suggestions for building your portfolio. Stash is also known for:

  • $5 Investment minimum

  • Fees ranging from $1 to $9 a month

  • Educational support

  • Option to invest in stocks and EFTs

  • No inactivity fees

  • Visualization tools for investment decisions

Ally

Ally invest is a great option for beginners interested in stocks and bonds. The app integrates real time data to allow users to trade anytime, anywhere. Ally invest also gives users access to bonds, mutual funds, and EFTs. There is no minimum investment, and the app doesn’t require additional downloads to access the trading platform (making it very user friendly). Additional features include:

  • Nonexistent fees on eligible stock and options trades

  • Options pricing calculator

  • Some transaction fees depending on investment type

  • Chat, email, and phone support

  • Additional web browser based access

Invstr

This investing app is best known for its fantasy game-play that allows users to play with $1 million in fake cash to learn more about stocks. Invstr is a great option for anyone who wants experience managing a portfolio, before actually getting started. The app has an active community of investors and an updated news feed to help users learn more about managing a portfolio. Invstr also offers:

  • Real cash prizes for successful game play

  • Fractional shares in stocks

  • Portfolio management simulation

  • Access to specialized education material

  • Interactive game play

Tips For Beginner Investors

The best investment apps aim to make investing more accessible for anyone, especially beginners. If you are curious about investing for the first time, apps with low minimums and affordable fee structures can be a great way to get started. For example, through Acorns and Ally, you can start investing your extra money straight from your smartphone. Other beginner apps, like Invstr, allow you to learn about investments before you get started with your own funds. The features offered by beginner-friendly apps can enable you to learn how to invest without going through a financial advisor, risking your savings, or even spending significant time researching ahead of time. The key is to find an app that is compatible with your learning style and go from there.

investing apps

The Best Investment Apps For Everyday Investors

While there are a number of beginner-friendly options, apps have a lot to offer investors of all skill levels and portfolio types. Whether you are interested in stock trading or overall portfolio management, there is probably an app for that. The following are some of the best investing apps available:

  1. Robinhood

  2. Merrill Edge

  3. Wealthfront

  4. Betterment

  5. M1 Finance

  6. E-Trade

  7. TD Ameritrade

  8. Wealthbase

  9. Stockpile

  10. Fidelity

  11. Charles Schwab

Robinhood

Robinhood gained popularity as one of the first apps to offer stock trading without fees or commissions, which made starting a stock portfolio a lot more attractive for first-time investors. Today, there are several apps with this same offering, but Robinhood still stands out for a few reasons. First, the app allows users to trade cryptocurrency without fees. Robinhood also has no minimum account balance and no inactivity fees. Its user-friendly interface also makes it stand out among other web-based trading platforms. There are a few drawbacks to keep in mind, for example, Robinhood doesn’t sync with retirement accounts and has limited customer support. But given its user-friendly interface and nonexistent fee structure, Robinhood remains one of the best stock market apps.

Merrill Edge

Investors looking for other apps without trading fees will find Merrill Edge to be a great option. This app allows users to trade stocks and options without hidden fees. Merrill Edge is owned by Bank of America, and offers integrations for account holders. This feature allows users to utilize the same online login across both platforms and transfer funds instantly. A few other features of Merrill Edge include:

  • Preferred rewards program for eligible users

  • Educational resources including courses, webinars and articles

  • Customizable dashboard for trading

  • No annual or inactivity fees

  • Tradable stocks, bonds, mutual funds, options, and EFTS

Wealthfront

Wealthfront is a hands-off investing app that allows you to grow your funds with the help of a robo-advisor. The app starts with a questionnaire about your financial goals and risk tolerance, before guiding you towards specific investment options. The app will then balance your portfolio as needed, charging a .25 percent account management fee. The minimum investment is $500, which can be steep compared to other apps on this list. However, this minimum is relatively low when compared to investment opportunities outside of the app store.

Betterment

Investors looking for an app to help create a tax-friendly portfolio will enjoy learning more about Betterment. It’s known for being the first app to offer a robo-advisor, though this feature has since expanded to other apps. Betterment stands out by managing user accounts with taxes in mind, so that it can minimize losses. A few other features that make Betterment stand out today are:

  • Taxable and retirement account management

  • No minimum investment required

  • Phone support from certified financial planners

  • User survey to create tailored portfolios

  • A .25 percent management fee

M1 Finance

M1 Finance strikes a balance between hands-on investing and automated portfolio management. The app allows users to build a portfolio of stocks and EFTs. M1 Finance works best for investors who want the flexibility to build their own portfolios, with a little guidance along the way. It offers a taxable investment account and IRA for users. M1 Finance also includes:

  • Hybrid investment setup with stocks and EFTs

  • Taxable account minimum at $100

  • Retirement account minimums at $500

  • No fees after account minimum is met

  • Premium version with more stock options

E-Trade

Another one of the best stock investment apps is E-trade. This app is known for the number of options it provides users. With thousands of stocks, options, mutual funds, and EFTs investors get the freedom they want to choose how their portfolio is set up. This is a great fit for investors who already have a little knowledge on the stock market and where they want to invest. Other features to keep in mind are as follows:

  • No commission for trading stocks

  • Live news and market analysis

  • Personalized notifications on stocks

  • Robo-advisor offerings available

  • Minimum balance of $300

TD Ameritrade

If you like diving into all the details of a subject before getting started, TD Ameritrade is about to become your best friend. This app allows users to access information on stocks, companies, and markets to make informed decisions when investing. There are even educational videos available to break down more complex topics. TD Ameritrade also offers users:

  • Multiple trading platforms

  • No investment minimums

  • Wide variety of investments

  • Customer support and advice

  • Free educational resources

Wealthbase

Wealthbase is another simulation-based app for those who want to gain a little experience before investing their funds. The app connects to your social media accounts to show you updates of friends who play as well. This provides users the opportunity to discuss potential investments with friends who are interested in stocks as well. Wealthbase is primarily known for its in-app game, but can also be accessed from the web as well. This social-oriented investment app can be a great entry into the world of investing, especially if you want to learn from those around you.

Stockpile

The aptly named Stockpile app allows users to purchase fractional shares of stocks to grow their financial portfolios. This app is commonly known for its gifting feature, that allows users to send gift cards for stock to friends and family. This can be a great way to ease someone new into investing. Other popular features of the app include:

  • No monthly fees

  • Gifting feature makes it easier for younger investors to get started

  • Charges only .99 cents for a trade

  • You don’t need an account on the app to send a gift

Fidelity

Fidelity hosts over 3,500 mutual funds for investors to choose from and trade, commission free. The trading platform also offers a number of educational resources for users to learn more about their investment choices. The educational content makes this app stand out for beginners, while the numerous options make the app attractive to more advanced investors. Fidelity also offers user:

  • No fees or commissions on trading

  • No account minimum

  • Comprehensive customer service

  • A variety of research tools for users

Charles Schwab

Charles Scwab is another well-known investment app for users of all experience levels. This app allows users to choose from a large investment selection, without worrying about transaction fees. Charles Scwab is popular among investors for its user-friendly mobile app and education resources. Other features of the app include:

  • Low to no account minimums

  • Stocks, bonds, EFTs, Futures, and Options available

  • No annual or inactivity fees

  • Two mobile apps and a desktop version to choose from

  • Fractional shares available

Summary

The best investment apps will be able to meet you exactly where you are, and help grow your skills and finances along the way. Whether you are looking to start saving for retirement, trading stocks, or supplementing your income, the right investment app should be able to help. If you are a beginner, start with an app that offers educational resources and assistance from a financial advisor. If you already have some investment experience, find an app that will help you diversify your assets. The various investment apps available can assist you in reaching your financial goals, no matter what your starting point is.

Ready to start taking advantage of the current opportunities in the real estate market?

Maybe you have plenty of capital, an extensive real estate network, or great construction skills— but you still aren’t sure how to find opportunistic deals. Our new online real estate class, hosted by expert investor Than Merrill, can help you learn how to acquire the best properties and find success in real estate.

Click here to register for our 1-Day Real Estate Webinar and get started learning how to invest in today’s real estate market!

🔒 Your information is secure and never shared. By subscribing, you agree to receive blog updates and relevant offers by email. You can unsubscribe at any time.