15 Best Investment Apps for Growing Your Money (2023)

Welcome to the world of digital investing, where technology has revolutionized how we manage and grow our finances. In this era of mobile connectivity and seamless user experiences, investment apps have emerged as powerful tools to help individuals achieve their financial goals. Whether you’re a seasoned investor or just starting on your investment journey, these 15 best investment apps are designed to empower you in making informed decisions and growing your money. From stock trading to retirement planning, we’ve curated a diverse list of apps that cater to various investment preferences and strategies. Let’s delve into the world of finance at your fingertips, where investment opportunities are just a tap away.

Best Investment Apps Overview

Here’s a brief overview of some of the best investment apps available, offering a range of features to help you grow your money and achieve your financial goals:

  1. Robinhood:
    Known for its commission-free stock and ETF trades, Robinhood offers a user-friendly interface, real-time market data, and options for cryptocurrency trading.
  2. Acorns:
    Acorns specializes in micro-investing by rounding up your everyday purchases to the nearest dollar and investing the spare change into diversified portfolios.
  3. Wealthfront:
    Wealthfront is a robo-advisor that creates and manages a personalized investment portfolio for you, utilizing advanced algorithms and low fees.
  4. Betterment:
    Another popular robo-advisor, Betterment, offers automated portfolio management, tax efficiency strategies, and personalized advice based on your financial goals.
  5. ETRADE:
    E
    TRADE is a comprehensive platform offering a wide array of investment options, including stocks, options, ETFs, and retirement accounts, with a user-friendly interface.
  6. Stash:
    Stash aims to simplify investing by allowing users to invest in fractional shares of stocks and ETFs with as little as $5, along with educational content to enhance financial literacy.
  7. Fidelity:
    Fidelity provides a comprehensive investment platform with no account minimums, a range of investment options, retirement planning tools, and excellent research resources.
  8. TD Ameritrade:
    TD Ameritrade offers a powerful app with advanced trading capabilities, a vast array of investment products, and an extensive educational section for traders and investors.
  9. M1 Finance:
    M1 Finance combines automated investing with customizable portfolios, giving you control over your investments while offering features of a robo-advisor.
  10. Ally Invest:
    Ally Invest offers a straightforward app with a low-cost trading structure, access to a variety of investments, and a user-friendly interface.
  11. Interactive Brokers:
    Targeted towards active traders, Interactive Brokers provides a comprehensive trading app with a wide range of investment products and advanced trading tools.
  12. Charles Schwab:
    Charles Schwab offers a user-friendly app with commission-free trading, a variety of investment options, and access to research and educational materials.
  13. eToro:
    eToro is known for social trading, allowing users to follow and copy the trades of successful investors, making it ideal for those new to investing.
  14. SoFi Invest:
    SoFi Invest offers commission-free trading, cryptocurrency investing, and automated investment portfolios, with a focus on a simplified and transparent user experience.
  15. Public:
    Public emphasizes social investing, enabling users to share insights, follow other investors, and invest in fractional shares of stocks and ETFs.

These investment apps cater to a diverse range of investors, from beginners to experienced traders, providing a variety of features and investment opportunities to help grow your wealth.

15 the Best Investment Apps

Explore in-depth information about each of these top investment apps to determine which ones align with your financial goals and preferences.

1. Robinhood: Investment App

Robinhood is a popular investment app known for pioneering commission-free trading in the stock and ETF market. Launched with the goal of democratizing finance, Robinhood offers a user-friendly platform that allows investors to trade a variety of financial instruments, including stocks, options, cryptocurrency, and more.

Pros:

  1. Commission-Free Trading: Robinhood is renowned for eliminating trading commissions, making it cost-effective for users to invest in stocks, ETFs, options, and cryptocurrencies.
  2. User-Friendly Interface: The app features an intuitive design, making it easy for both beginners and experienced investors to navigate and execute trades seamlessly.
  3. Fractional Shares: Robinhood allows users to invest in fractional shares, enabling them to own a portion of high-priced stocks with even a small amount of money.
  4. Wide Range of Investments: In addition to stocks and ETFs, Robinhood provides access to options, cryptocurrency, IPOs, and even cash management services, offering diverse investment opportunities.
  5. Real-Time Market Data: Users can access real-time market data, customize watchlists, and receive alerts, enabling them to stay informed and make timely investment decisions.

Cons:

  1. Limited Research Tools: The app offers basic research and analytical tools compared to some other platforms, which may be a drawback for investors seeking in-depth market analysis.
  2. Customer Service Concerns: Robinhood has faced criticism for its customer service response during peak trading times and technical outages, which impacted users’ ability to execute trades.
  3. No Retirement Accounts: As of my last update in September 2021, Robinhood did not offer retirement account options like IRAs, which could be a drawback for investors looking to save for retirement tax-efficiently.

Robinhood is an excellent choice for individuals seeking a user-friendly platform with commission-free trading and a wide array of investment options. However, investors desiring comprehensive research tools or specific retirement account options might want to explore other platforms. It’s essential to consider your investment goals and preferences before choosing an app.

15. Public.com: Investment App

Public.com is an investment app that aims to make investing social and educational. It allows users to invest in fractional shares of stocks and ETFs while providing a platform for sharing insights and ideas with a community of investors. The app focuses on transparency, accessibility, and fostering a sense of community among investors.

Pros:

  1. Fractional Shares: Public.com allows users to buy fractional shares of stocks and ETFs, making investing in high-priced stocks more accessible with smaller amounts of money.
  2. Social Investing: Users can follow and interact with other investors, view their portfolios, and share insights, fostering a collaborative and educational investing environment.
  3. Educational Resources: The app provides educational content and news articles to help users make informed investment decisions and improve their financial literacy.
  4. Transparency: Public.com is transparent about how the market operates, making it easy for users to understand the mechanics of investing.
  5. Commission-Free Trading: The app offers commission-free trading, allowing users to invest without worrying about additional transaction fees.

Cons:

  1. Limited Asset Selection: Public.com primarily focuses on individual stocks and ETFs, limiting the range of investment options compared to other platforms that offer a wider variety of investment products.
  2. No Retirement Accounts: Unlike some other investment platforms, Public.com does not offer retirement account options like IRAs or 401(k)s.
  3. Simplistic Research Tools: The research and analytical tools on Public.com are more basic compared to some other investment apps, which may be a drawback for advanced investors seeking comprehensive analysis.

Public.com provides an engaging platform for investors, particularly those interested in fractional shares and social investing. However, it may not be the most comprehensive choice for those seeking a broad array of investment options or advanced research capabilities.

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