Best Investment Apps for October 2022
Chosen 87 times- Management fee: 0.25% – 0.4%, depending on service level
- $0 account minimum
- ETFs from 14 asset classes
- Digital and Premium plans available
Chosen 111 times- Free management for college students
- Offers a “spare change” savings tool
- Offers a passive portfolio of ETFs
Chosen 147 times- Account minimum: $100,000
- Free money management tools
- Work with a financial advisor to customize goals
- User friendly, easy to navigate website
Chosen 5 times- Unrivaled transparency and security
- $50 minimum deposit
- FX pairs, precious metals, commodities, global indices
Chosen 4 times- Solid selection of educational materials
- Earn $50 with a $10,000 deposit
- Larger deposits can get bonuses as high as $3,500
Chosen 83 times- One of the best investing apps for beginners
- Requires just $5 to open an account
- Offers about 150 stocks and 60 ETF options
Chosen 1 times- Real cash prizes for successful game play
- Fractional shares in stocks
- Portfolio management simulation
Chosen 1 times- No commissions and a $0 account minimum
- All investments are taxable and self-managed
- The best way to trade individually for free
Chosen 2 times- $500 account minimum
- Management fee of 0.25% to 0.5% of your assets annually
- One of the largest robo-advisors worldwide
Important
As seen in
How to Compare the Best Investment Apps
What Are Investment Apps?
Investment apps can help you automatically manage your investments, add money into investment accounts, and track spending.
Investing apps come in many forms, and some of the best stock investment apps are ideal for beginners and seasoned investors.
These high-quality investment apps on our list are highly rated, popular, and affordable. They can assist you in buying stocks, mutual funds, cryptocurrencies, and more.
Automate your investments with these top-rated investment apps.
Why Compare Investment Apps At Financer.com?
How Much Do I Need to Get Started?
Actually, not that much. Because of micro-investing apps like Acorns and Stash, you can get started with your investment portfolio with small amounts.
For example, Acorns allows you to link your debit or credit card and round up the change to invest it. Stash offers a similar feature where it rounds up change and invests it into your account.
Beyond this, if you want to start investing, the minimum amount you'll need depends on the platform you choose the assets you want to buy.
Shares for individual stock range from as little as a few dollars to hundreds or even thousands of dollars per share.
Mutual funds can have minimums of $1,000 or more. Exchange-traded funds (ETFs) are basically funds that are traded as stock, and they typically have a lower entry point than mutual funds.
Brokers also charge trading fees every time you buy or sell an investment, so keep this in mind.
Are Investing Apps Safe?
SIPC insurance insures the money you have in your brokerage account (like the FDIC insurance insures bank accounts) up to $500,000.
Of this, $250,000 can be applied to protect cash that you haven’t yet invested. All of the apps we've listed are members of SIPC.
Keep in mind that your investments may fall in value and investment losses are not covered by any type of insurance.
What Type of Assets Can I Trade?
Trading — and so do the range of available assets. Among the picks for best apps, Acorns offers only ETFs, while TD Ameritrade’s offerings include individual stocks, mutual funds, ETFs, bonds, options, and currency (or forex).
Tips for Beginner Investors
While there are many beginner-friendly apps, they have a lot to offer for investors of all portfolio types. Whether you want to focus on overall portfolio management or stock trading, there's an app for that.
If you're new to investing, here are some great investment tips:
- Start with apps that offer affordable fees and low minimums.
- Consider learning with apps like Investr before investing on your own and risking your savings.
- When starting out, find an app that is compatible with your learning lifestyle and move on from there.
> Compare the best investment apps now.
Benefits of Using Investment Apps
Our Best Stock Investment Apps for 2022
Best Overall: Betterment
One of the biggest and most well-known robo-advisors is Betterment, and for good reason. The app offers professionally managed portfolios employing a variety of ETFs that are adjusted to your personal risk appetite and the timing of your financial needs. Betterment may design socially conscious portfolios with a focus on social effects or climate change.
Minimum balance required: $0 or $100,000 for premium service.
Fees: Management fee of 0.25 – 0.40 percent of assets annually.
Best for Education: Investr
When you combine education, real-world investment, and community in an app that's intended to give new investors a means to start investing in stocks, especially if you like games, you get Invstr. The app combines access to expert opinions on stocks and other investments with a fantasy stock game where you can help manage a virtual portfolio.
Minimum balance required: $0
Fees: $0 or $3.99 for Invstr Pro.
Best for Saving: Acorns
Acorns remains one of the most popular 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. You can link a credit or debit card to your account and Acorns will round up your purchases and invest the difference in new ETF portfolios.
Minimum balance required: $0 for savings account.
Fees: $3 or $5 per month.
Best for Beginners: Charles Schwab
Because of all the information it offers, Charles Schwab works well for experts but is also a terrific app for beginners. Schwab offers a ton of research and instruction, assisting novice investors in becoming knowledgeable about subjects like investing and personal finance.
Minimum balance required: $0
Fees: $0
Top Investment Apps for 2022: A Comparison
How Much Money to Invest
The good news for new investors is that it costs relatively little to get started. You can start with almost any amount of money because the fees are so minimal or nonexistent.
In reality, your long-term saving and investment discipline matters much more than your initial financial situation.
The secret to successful long-term investing is to consistently accumulate funds over time. As a result, to make money, you'll need to consistently make investments in your positions and put money into the account.
The amount you actually invest will depend on your needs and financial status. Additionally, you have more money in your pocket to invest thanks to today's low-fee brokerages and applications.
What Customers Say About Us
4.61 based on 274 reviews
from Reviews.io
Compare Investment Apps with Financer.com
Looking for the best investment apps? Financer.com helps you compare the best investment apps and stock apps for 2022 so you can work towards your financial goals.
We look for investment accounts that suit your individual needs and help you grow your money. We are always improving our comparisons, but are confident in what we can bring to market, and we know you will be as well.
Got Questions? Get the Answers Here
How much should I invest?
What are the best investment apps?
- Acorns
- Betterment
- Robinhood
- Investr
- Stockpile
Are some investing apps better than others?
Can you trade stocks with investment apps?
How do I open an account with an investment app?
- Your name
- Date of birth
- Social Security number
- Investment goals
- Mailing address
- Annual income
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