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Best Investing Apps

To say that there is one investing app that's the best option for everyone is a bit of an uneducated statement.  Why? Because it all depends on the type of investor you are and what you are seeking to accomplish.  A beginner investor looking to learn how the stock market works will have different needs than an expert investor who wishes to get technical analysis alerts for market price patterns.  

With that in mind, we've laid out the best investing apps for each type of investor in different scenarios and investment objectives, along with potential alternative options that are worth mentioning for each investor type.  

The Best Investment Apps For Investors Of All Types & Experience Levels

Below is listed investment apps for different types of investors with different experience levels and different investing needs.  Here's a quick overview of the categories of investors you will see listed below:

 

  • Investing for retirement
  • Fractional shares investing
  • Investing on a budget
  • Best for gifting stock investments

Best For Investing On A Budget: Acorns

Pricing: Starts at $1 per month.

  • Acorns Core: $1 per month
  • Acorns Core + Acorns Later: $2 per month
  • Acorns Core + Acorns Later + Acorns Spend: $3 per month

Min. balance: $0

 Why Acorns?

  • Pioneers to “Round-Up” feature
  • Allows you to invest spare change
  • Customized portfolio
  • Built from Nobel-Prize winning expertise
  • Hundreds of cashback offers (Found Money)

Potential Alternatives:

  • Stash
  • M1 Finance

Acorns is a new way for consumers to invest in the stock market, without the requirement of needing a lot of money to get started. With Acorns, you can link your checking account to your Acorns investing account, and Acorns will automatically round up your everyday purchases to the nearest whole dollar amount and invest the spare change for you.

Acorns Found Money allows you to get discounts on purchases with partnered retailers, who deposit your cashback or discount money back into your Acorns investing account. Acorns Spend is a tungston metal debit card that enables you to take advantage of Found Money at in store purchases with partnered retailers as well.

Best For Beginners: Stash Invest

Pricing: Starts at $1 per month.  As you grow your knowledge, you have the option to get more features for $3 per month and $9 per month.

Min. balance: $0

 Why Stash?

  • Great educational content
  • Multiple investment options
  • Affordable price

Potential Alternatives:

  • Acorns
  • Betterment

Stash Invest is an investing app that has perhaps the most well rounded available features, making it a great starting point for new investors.  A great beginner investing app makes investing easy to understand, provides great educational content, provides acces to different investment types such as starting out with an expert fund or dabbling in buying a few shares of your favorite companies.  Furthermore, Stash provides “Stock-Back” options to get free stock when shopping, and a convenient debit card with a partnered checking account.

Best For Free Investing: M1 Finance

Pricing: FREE

Min. balance: $0

 Why M1 Finance?

  • Free Investing
  • Customized Portfolio Options
  • Expert Portfolio Options
  • Basic Research Tools

Potential Alternatives:

  • Robinhood

M1 Finance allows users to invest in the stock market for free.  They charge no trade commissions, provide tools to customize your portfolio and/or use an expert made portfolio, allow fractional shares investing and no minimum balances.

Other products available through M1 Finance is M1 Borrow and M1 Spend.  M1 Borrow allows you to borrow money against your investment portfolio without the strict requirements of a bank, and M1 Spend provides a unique unlimited cashback checking account.

Best For Financial Advice: Betterment

Pricing: Free checking and savings accounts. Investment accoutns start at 0.25% of invested balance per year.

Min. balance: $0 for basic investing account, checking and savings. $100,000 for Premium investment accounts.

 Why Betterment?

  • Unlimited access to financial advisors
  • High interest savings accounts
  • Tax savings strategies
  • Customized investment portfolios

Potential Alternatives:

  • Acorns
  • Wealthfront

Betterment is a robo advisor that caters to investors with larger amounts of investable assets.  However, those with lower investment amounts may also benefit of it's services.  Their algorithm provides a customized investment portfolio for you based on your investment objectives.  They have free savings accounts that pay as high as 2.21% interest, and completley free checking accounts.  THeir most reputable feature is the access that users get to unlimited financial advice for a fraction of the cost of traditional financial advisors.