To start investing wisely, it’s crucial to learn the basics of investing. To invest on your own you’ll want to find a good online broker (hint hint: I like Robinhood!) Once you’re ready to place a trade, this app tracks the stock and shows you how it’s affecting your investment portfolio. It provides both helpful information for beginners such as quick summaries about different types of stocks and more advanced advice such as differences between dividend payments and stock buybacks.
Table of Contents
Best Apps For Investing For Beginners
1) Fidelity
Best for financial planning purposes.
Fidelity
Fidelity is a financial solution for investors, which has come up with simple investing solutions, financial planning tools, gives you trade market news, and much more.
Top Features:
Self-directed and professionally managed accounts
Financial planning tools
Guidance from specialists so that you can pick the right investment
Digital estate planning
Pros:
No minimum balance
No commission on trades
Latest professional insights
Cons:
For U.S. citizens only
Broker assisted trade is relatively costly
Why you want this app: You can trade in fractional shares, get financial planning tools and get specialist guidance with Fidelity.
Ratings:
Android rating: 4.4/5 stars
Android downloads: 1 million+
iOS rating: 4.8/5 stars
Price: Free
Website: Fidelity
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2) E-Trade
Best for beginners as well as frequent traders.
2.E-Trade
E-Trade is an investing app for beginners, with easy-to-use features for investing, saving, and borrowing.
Top Features:
Market insights
Retirement planning
Broker assisted trades and automated investing
Trade-in mutual funds without any fees
Start with pre-built portfolios
Pros:
No commission on trade
Guide to investing for beginners
Prebuilt portfolios of leading mutual funds and ETFs
Educational resources
4500+ mutual funds with no transaction fee
Cons:
Automated investing requires a minimum balance of $500
Why you want this app: E-Trade can be a good option for a beginner as well as a frequent trader. The free educational resources can help beginners and market insights. Other helpful features can work wonders for both.
Ratings:
Android rating: 4.6/5 stars
Android downloads: 1 million+
iOS rating: 4.6/5 stars
Price: There is no commission on the trade of stocks.
E-Trade- pricing
Website: E-Trade
3) SoFi Invest
Best for those who want loans on low rates and want to invest without any fees
SoFi Invest
SoFi Invest is a one-stop shop for your finances. With SoFi Invest, you can avail of an autonomous investment feature for your spare money, trade-in cryptocurrencies, can apply for a loan, and more, all at absolutely no management fees.
Recommended reading =>> Top Cryptocurrency Tax Software
Top Features:
Allow trade in cryptocurrencies
Grants loans on low-interest rates
An automated investing feature
No fees
Pros:
Investing options for beginners
No fees
Crypto exchanges
Cons:
Less number of options for investing in.
Why you want this app: SoFi Invest has all that you want in an investment app for beginners. It doesn’t charge any fees for investments and has automation features for investing your money and maintaining your portfolio.
Reviews:
Android rating: 4.4/5 stars
Android downloads: 1 million+
iOS rating: 4.8/5 stars
Price: Free
Website: SoFi Invest
4) TD Ameritrade Investment App
Best for advanced traders.
TD Ameritrade Investment App
TD Ameritrade Investment App is an award-winning app, which gives you plenty of investment choices, educational resources, planning tools, and much more.
Top Features:
Lets you set price alerts, explore integrated charts, and more
24/5 trading
Analysis features can calculate the risk involved
Goal-specific planning tools
Pros:
$0 commission on trades
Educational resources
No trade minimum
Cons:
No fractional shares
No crypto exchanges
Why you want this app: TD Ameritrade Investment App is most suitable for advanced traders, due to the availability of plenty of trade options, price alerts, and other features. Educational resources can be helpful for beginners.
Ratings:
Android rating: 3.2/5 stars
Android downloads: 1 million+
iOS rating: 4.5/5 stars
Price: There is no commission on trade. Pay 0.30% annual management fee for a Robo advisor.
TD Ameritrade Investment App price
Website: TD Ameritrade
5) Robinhood
Best for those who want to trade in stocks and cryptocurrencies simultaneously.
Robinhood
Robinhood is an investing app, which provides its services to over 6 million Americans today. You do not need to maintain any minimum account balance with Robinhood.
Top Features:
Start investing with as little as $1
Trade with cryptocurrencies
Lets you access research reports on around 1700 stocks
The app lets you receive your paycheck, pay rent, and much more.
Pros:
Commission free trading
Research reports
No minimum balance required
Crypto exchanges
Cons:
No 401(k) accounts
No access to mutual funds
Why you want this app: Robinhood can be a good choice for those who have a passion for investing, as they can learn about market trends in about 1700 stocks with the help of the Robinhood investing app.
Ratings:
Android rating: 3.9/5 stars
Android downloads: 10 million+
iOS rating: 4.1/5 stars
Price: Free
Website: Robinhood
6) Acorns
Best investment app for savings-oriented people.
Acorns
Acorns is one of the best investment apps for beginners. You do not need to worry about maintaining your portfolio, the built-in robo-advisor will take care of it. You can start with small investments and need to pay $1 – $5 per month as fees for the services. Acorns Later feature lets you save for your retirement.
Top Features:
A diversified portfolio, built by experts
Search for jobs
Retirement planning
Earn money when you do shopping
Pros:
Automatically rebalances your portfolio by investing your spare money
Earn money when you buy from a given list of brand names
Portfolio built by experts
Cons:
You can not build your portfolio on your own
Monthly fees
Why you want this app: This app can be very beneficial for beginners who have little idea of the market. They can get their spare money invested, with the help of an in-built robo-advisor.
Ratings:
Android rating: 4.4/5 stars
Android Downloads: 5 million+
iOS rating: 4.7/5 stars
Price:
Lite: $1 per month
Personal: $3 per month
Family: $5 per month
Website: Acorns
7) Ally
Best for multiple trading options.
Ally
Ally is a self-directed trading app, which lets you connect with the trade market anytime and from anywhere you want. You do not need to have any minimum account balance to get started. Plus, it gives you bonus cash on opening an investment account.
Top Features:
Self-directed trading
Banking and Home loans
Automated investing function manages your portfolio
Tools that help you save faster.
Pros:
Allows both trading options: self-directed and automated trading
Effective saving tools
Free advisors for monitoring portfolio
Cons:
You can not start trading with the automation feature with an investment of less than $100.
Why you want this app: Ally offers you trading options that can help you invest the way you want. If you are a beginner with little knowledge about the market, you can take the help of the automated investment feature and can switch to self-directed trading, whenever you want.
Ratings:
Android rating: 3.7/5 stars
Android downloads: 1 million+
iOS rating: 4.7/5 stars
Price: Free
Website: Ally
8) Betterment
Best for long-term investors.
Betterment
Betterment is one of the best investment apps. It offers you automated investing features, tax-loss harvesting, retirement planning, and much more at nominal prices.
Top Features:
Automated investing and portfolio rebalancing
Tax loss harvesting
Lets you know about the amount of tax on the money you withdraw
Retirement planning
Pros:
Invest as you want, or opt for automated investing
Affordable pricing
Get advice on saving money from taxes
Step by step guidance on investing
Get cashback when you shop at selected brands
Cons:
Lack of Real Estate funds
Why you want this app: Betterment can be an affordable and profitable option for investing any amount of money. The step-by-step guide and advice for saving taxes are a plus point.
Ratings:
Android rating: 4.4/5 stars
Android downloads: 0.5 million+
iOS rating: 4.8/5 stars
Price: There is a free plan and two other plans, which charge you 0.25% and 0.40% annual fee, respectively.
Website: Betterment
9) M1 Finance
Best for granting loans on low-interest rates.
M1 Finance
M1 Finance is a wealth-building tool for long-term investors. You can be a self-directed investor and invest your money the way you want, or opt for the automation tool which can rebalance your portfolio for you.
Top Features:
Low-interest loans
Trade with $0 commission
Automated money transfer, based on your pre-set conditions
Send checks, without having to physically sign one.
Pros:
Earn a bonus when you switch to M1 Finance
No minimum deposit required
No commission on trade
Loans on very low-interest rates
Cons:
No mutual funds trading
Why you want this app: M1 Finance has some nice automation features, gives you bonus money when you switch to it, and lets you trade with zero commission fee.
Ratings:
Android rating: 4.4/5 stars
Android downloads: 0.5 million+
iOS rating: 4.6/5 stars
Price: Free
Website: M1 Finance
10) Stash
Best for buying fractional shares.
10.Stash
Stash is an investing app, made for U.S-based customers, which makes investing easy for beginners. You can invest in fractional shares or ETFs with any amount of money.
Top Features:
Get access to research on various tradable items
Retirement planning
Tax benefits
Recommendations for building your portfolio
Lets you to invest in fractional shares
Pros:
Investment advice based on stock research
Tax benefits for retirement investing
Fractional shares
Cons:
No tax loss harvesting with smart portfolios
Why you want this app: With Stash, you can buy fractional shares, get genuine investment advice and get tax benefits with retirement planning.
Ratings:
Android rating: 4.2/5 stars
Android downloads: 5 million+
iOS rating: 4.7/5 stars
Price: There is a free trial for a month. Prices are as follows:
Stash Beginner: $1 per month
Stash Growth: $3 per month
Stash+: $9 per month
Best investing apps for beginners 2021
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 develop a successful financial portfolio. Today’s best investment apps for beginners and everyday investors 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:
Acorns
Stash
Ally
Invstr
Robinhood
Wealthbase
Ellevest
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investment apps for beginners
- Acorns
Acorns is a great investment app for beginners. This app is especially useful 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 ETFs and a few fractional shares in stocks. Three tiers (lite, personal, and family) allow 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 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 ETFs
No inactivity fees
Visualization tools for investment decisions
- Ally
Ally invest is a great option for beginners interested in stocks and bonds. This app integrates real-time data to allow users to trade anytime, anywhere. Ally invest also gives users access to bonds, mutual funds, and ETFs. 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
Invstr is one of the best investment apps for beginners. This investing app is best known for its fantasy game-play, allowing 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
- 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, several apps have 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. - Wealthbase
Wealthbase is an investment simulation app, perfect for beginners hoping to learn the ropes alongside friends. Users can make stock trades and exchange cryptocurrency — and keep an eye on their friends’ feeds to see how well they’re doing. The app’s purpose is to get more comfortable with trading and selecting stocks. The added social component makes the process more enjoyable, and allows you to discuss your options with others. Many beginners find Wealthbase to be a great app for learning without actually worrying about the risks of making an initial investment without experience. - Ellevest
Investors interested in selecting a socially-minded portfolio may want to consider Ellevest. The app is known for its highly rated robo-advisors and its focus on investments that positively impact women. Ellevest offers portfolios that are focused on impact funds, or companies with female leadership, sustainable business practices, and community services. Investors can review the various options and put their money in companies with similar visions.
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