12 Best Investment Apps In January 2024 | Bankrate (2024)

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Written by

James Royal, Ph.D.

James Royal, Ph.D.

Edited by

Brian Beers

Brian Beers

Reviewed by

Kenneth Chavis IV

Kenneth Chavis IV

Edited by

Brian Beers

Brian Beers

As of January 01, 2024

Looking for the best investing apps to get your financial life back on track? A solid finance app can handle routine financial tasks, shuffle money into investment accounts, and track spending. But the best investment apps can also let you quickly trade stocks, follow your account in real time, help you learn about the markets and more. Because they can do so much, investment apps have become increasingly popular.

Here are some of the top apps for getting your finances organized and invested.

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On This Page

On This Page

  • 12 best stock investment apps
  • What to consider when choosing an investment app
  • Investment apps FAQs

12 best stock investment apps

All of these apps are great for beginners, and they make it easy for thosejust starting to investor looking to play a stock-picking game for fun.

  • Betterment – Best app for automated investing
  • Invstr – Best app for education
  • Acorns – Best app for saving
  • Wealthbase – Best app for trading games and contests
  • Wealthfront – Best app for portfolio management
  • Fidelity Investments – Best app for managing money all-in-one
  • Robinhood – Best app for active trading
  • Stock Rover – Best app for stock research
  • Charles Schwab – Best app for beginners
  • Ellevest – Best app for socially responsible investing
  • Public – Best app for learning about companies
  • Fundrise – Best app for direct investment in real estate

Betterment - Best app for automated investing

Bettermentis one of the largest and most popular robo-advisors, and for good reason. The app provides professionally managed portfolios using a selection of ETFs that’s calibrated against your own risk tolerance and when you need the money. Betterment can createsocially responsible portfoliosfocusing on climate change or social impact.

Minimum balance required:$0 for digital service; $100,000 for premium service

Fees:Management fee of 0.25 – 0.40 percent of assets annually

Invstr - Best app for education

Invstris what you get when you mix learning, real-life investing and community into an app that’s designed togive beginning investors a way to get into stocks, especially if you like games. The app combines a fantasy stock game, where you can assist in managing a virtual portfolio, with access to investors’ thoughts on stocks and other investments.

Minimum balance required:$0

Fees: $0, $3.99 a month for Invstr Pro. Can trade stocks, crypto and ETFs commission-free with a $5 minimum investment.

Acorns - Best app for saving

Acornsremains one of the most popular of the new breed of 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.

Minimum balance required:$0 for savings account

Fees: $3, $5 or $9 per month depending on the service tier

Wealthbase – Best app for trading games and contests

Wealthbaseis a top player in the world of stock market games, and it may be the most user-friendly investing app out there for having fun and picking stocks. You can set up games with friends to last up to 15 days or even just until the end of the day.

Minimum balance required:$0

Fees:$0 up to 5 players. $20 game fee up to 1,000 players, plus five cents per player per day.

Wealthfront – Best app for portfolio management

Wealthfrontis one of the largest independent robo-advisors. For a small fee, it can manage your money, whether that’s in a taxable account or anIRA.

Minimum balance required:$500

Fees:Management fee of 0.25 percent of assets annually

Fidelity Investments – Best app for managing money all-in-one

If you wanted to live your whole financial life onFidelity Investments, you could do it with little issue – and have the top integrated experience. At Fidelity, you can get an investment account, a checking account, an IRA, a business retirement account such as a SEP IRA, bill paying, a savings account, arobo-advisor accountand even credit card accounts, to cover the big ones.

Minimum balance required:$0

Fees:$0 for stock/ETF trades, $0.65 per contract on options.

Robinhood – Best app for active trading

Robinhoodis the app to have if you like a smooth interface and avoiding trading commissions, whether you’re trading stocks, ETFs, options or cryptocurrency. You’ll get to do it all with no commission and using a slick mobile interface that makes smooth work of it all.

Minimum balance required:$0

Fees:No commissions for stock, ETF, options or crypto trades

Stock Rover is the app to use if you’re looking to access detailed financials and research reports on thousands of publicly traded companies and funds. You’ll be able to screen for stocks and funds, chart valuations over time and access what seems like an endless amount of data.

Fees: A free plan as well as three subscriptions ranging from $7.99 to $27.99 per month or discounted annually

Charles Schwab – Best app for beginners

Charles Schwabdoes well for experts, but it’s also a great app for beginners, because of all the resources it provides. Schwab provides tons of research and education, helping newer investors get up to speed on topics such as investing and personal finance.

Minimum balance required:$0

Fees:$0

Ellevest – Best app for socially responsible investing

Ellevestis one of the top-ranked robo-advisors, but it’s also the top app for socially responsible investing. Ellevest’s mission is to help women investors make smart investing decisions (though, of course, anyone can become a client).

Minimum balance required:$0

Fees: $12 a month (or a discounted $129 annually)

Public – Best app for learning about companies

Publicis a trading app geared toward helping new investors learn about business and investing. You can trade stocks, ETFs and cryptocurrency, but what sets Public apart from others is the educational content, including “town hall” meetings with business leaders and its podcast Public Live. Users will also have access to a social feed to discuss stock picks with other investors.

Minimum balance required:$0

Fees: Commission-free stock and ETF trades; $5 semiannual inactivity fee for accounts less than $20

Fundrise – Best app for direct investment in real estate

The Fundrise app allows individual investors to invest in commercial real estate with virtually any amount of money. The app provides information about potential deals, and then you can select the ones you’d like to participate in. But if you can bring more money to the table, you can get access to even more select deals. The app even allows you to reinvest your dividends.

Minimum balance required:$10

Fees: 0.15 percent annual advisory fee, annual asset management fee of 0.85 percent; 1.85 percent for Innovation fund.

What to consider when choosing an investment app

When it comes to investment apps, think about how you’ll plan to use them. Do you need an educational tool or are you looking to actually trade and invest? Some apps charge fees that can eat into your investment returns, while others have very low costs and offer commission-free trading. If you’re interested in trading things like cryptocurrencies, you’ll want to make sure that’s a feature offered by the app or broker –not all brokers offer crypto trading.

Deciding how much money to invest

The good news for investors starting out today is that it requires very little money to get started. Fees are so low or even non-existent that you can start with virtually any amount of money. In fact, what you start with matters much less than your saving and investing discipline over time.

The key to achieving ongoing investing success is toadd money regularly over time. So you’ll want to add cash to the account and keep investing in your positions regularly over time in order to build wealth.

How much you actually invest depends on your own financial situation and needs. And today’s low-fee brokerages and apps leave more money in your pocket to actually invest.

Investment apps FAQs

Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation.

As a seasoned financial expert with in-depth knowledge of investment strategies and financial tools, I can provide valuable insights into the concepts mentioned in the article. My expertise extends to various investment apps and their functionalities. Let's delve into the key points covered in the article:

Overview:

The article discusses the best investment apps as of January 01, 2024, aiming to assist readers in organizing their finances and making informed investment decisions.

Notable Investment Apps:

  1. Betterment - Best app for automated investing:

    • Features: Robo-advisor with socially responsible portfolios.
    • Minimum Balance: $0 for digital service; $100,000 for premium service.
    • Fees: Management fee of 0.25 – 0.40 percent of assets annually.
  2. Invstr - Best app for education:

    • Features: Combines learning, real-life investing, and a community.
    • Minimum Balance: $0.
    • Fees: $0, $3.99 a month for Invstr Pro. Commission-free trading with a $5 minimum investment.
  3. Acorns - Best app for saving:

    • Features: Popular for its ease of use, particularly in automated savings.
    • Minimum Balance: $0 for savings account.
    • Fees: $3, $5, or $9 per month depending on the service tier.
  4. Wealthbase - Best app for trading games and contests:

    • Features: Focuses on stock market games, user-friendly interface.
    • Minimum Balance: $0.
    • Fees: Varies based on the number of players and duration of the game.
  5. Wealthfront - Best app for portfolio management:

    • Features: Independent robo-advisor for managing money in taxable accounts or IRAs.
    • Minimum Balance: $500.
    • Fees: Management fee of 0.25 percent of assets annually.
  6. Fidelity Investments - Best app for managing money all-in-one:

    • Features: Comprehensive financial services, including investment, checking, savings, and more.
    • Minimum Balance: $0.
    • Fees: $0 for stock/ETF trades, $0.65 per contract on options.
  7. Robinhood - Best app for active trading:

    • Features: Smooth interface, commission-free trading for stocks, ETFs, options, and cryptocurrency.
    • Minimum Balance: $0.
    • Fees: No commissions for specified trades.
  8. Stock Rover:

    • Features: Detailed financials and research reports on publicly traded companies and funds.
    • Fees: Various subscription plans ranging from free to paid.
  9. Charles Schwab - Best app for beginners:

    • Features: Suitable for both beginners and experts with extensive research and educational resources.
    • Minimum Balance: $0.
    • Fees: Varies.
  10. Ellevest - Best app for socially responsible investing:

    • Features: Top-ranked robo-advisor with a focus on socially responsible investing.
    • Minimum Balance: $0.
    • Fees: $12 a month (or a discounted $129 annually).
  11. Public - Best app for learning about companies:

    • Features: Trading app with a focus on education, including town hall meetings and podcasts.
    • Minimum Balance: $0.
    • Fees: Commission-free stock and ETF trades.
  12. Fundrise - Best app for direct investment in real estate:

    • Features: Allows individual investors to invest in commercial real estate with varying investment amounts.
    • Minimum Balance: $10.
    • Fees: Advisory and asset management fees.

Considerations when Choosing an Investment App:

  • Usage Intent: Consider whether you need an educational tool or a platform for actual trading and investment.
  • Fees: Some apps charge fees that can impact returns; others offer low costs and commission-free trading.
  • Cryptocurrency Trading: Verify if the app provides features for trading cryptocurrencies.

Investment Tips:

  • Starting with little money is feasible due to low or non-existent fees.
  • Regularly adding funds over time is crucial for ongoing investing success.

Editorial Disclaimer:

Readers are advised to conduct independent research into investment strategies, and past performance does not guarantee future price appreciation.

This analysis provides a comprehensive overview of the key concepts discussed in the article, offering a solid foundation for making informed decisions in the realm of investment apps.

12 Best Investment Apps In January 2024 | Bankrate (2024)

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