10 Best Investment Apps For Beginners & Everyday Investors

Are you looking for the best investment apps to control your finances? You may not know it, but starting from routine financial duties to expenditure tracking- all are possible with good finance software. However, the top investing apps can help you trade stocks rapidly, track your account in real-time, and help you learn about the markets too. But, sometimes, they look too difficult and complex for beginners, don’t they?

That’s why in this article, we will talk about the best investment apps for beginners. With the help of these investing apps, organizing and investing your money will become easier. These top apps for investing make it simple for individuals who are just getting started on the stock investment field. So, let’s take a look at them.

What Are The Best Investment Apps For Beginners, And Everyday Users?

The best investment apps for beginners have to have a user-friendly interface and a virtual robot assistant to make investment decisions easier. Unfortunately, when I was getting started on stock trading, it took me a long time to find the perfect investment app, and that’s why I started late in this game. That’s why in this article, I will talk about the best stock investment apps so that you can begin your journey without much difficulty.

1: Invstr

The app mixes a fantasy stock game in which you may help manage a virtual portfolio worth $200 billion with access to investor opinions on stocks and other assets. The fantasy game provides you $1 million in virtual cash, and you may get inspiration from the app’s social network too. 

The month’s top achievers are also eligible for real cash rewards. When new users sign up for the app and fill their accounts, they will receive a $5 bonus. Invstr has also recently begun to provide commission-free cryptocurrency trading, making it one of the best investment apps today.

Pros:

• Commission-free best stock app.
• You only need $5 to start investing.
• There is an automatic portfolio builder.
• You can get fractional shares.

Cons:

• No special accounts are available for emergency or retirement funds.
• They have limited customer service support.
• The investment selection is restricted to a few options.
• The mobile app is only available on iOS and in the US.

2: Vanguard

Vanguard’s advisers are fiduciaries, and they do not get commissions, so you can be sure that they will always prioritize your needs. Vanguard’s time-tested investing techniques make them one of the best stock trading apps. In addition, they provide advice that is tailored to your specific needs. 

This is one of the best investment apps that work with you to develop a financial strategy and help you stick to it over time. You’ll have constant access to financial advisors when you need them. Once you have a query, you will always receive one-on-one assistance.

Pros:

• Their mutual fund selection is vast.
• Commission-free stock trade and ETF trades are available here.
• Their asset allocation and financial planning are supreme.

Cons:

• There is limited data and research available.
• It is a primary trading platform.

3: Wealthbase

Wealthbase is a newcomer in the world of best investment apps, but it has the most user-friendly investing software available for buying stocks and having fun. So you may schedule games with your pals for as long as you want. Investing in apps has never been easier with Wealthbase, and once you use it, you’ll know why.

Wealthbase combines social networking with stock trading, which makes it fun. You’ll see a Livestream of stocks your friends are choosing, as well as daily updates on who’s winning too. This best investing app also operates without any loading errors.

Pros:

• Investing in assets and trade accounts is safe here.
• It is a simple app for people of all age groups.
• You can win up to $100,000 virtual cash.

Cons:

• It offers minimal customer support.
• It does not sync with any retirement funds.

4: Fidelity Spire

Spire has no investment minimums, and it offers fractional share investing, which allows you to purchase a fraction of a share. In addition, your trades aren’t sold to high-frequency trading companies, and there are no account fees. This best stock app also provides a variety of account options other than traditional taxable investment accounts.

It’s not only easily accessible, but it’s also jam-packed with instructional content that will guide you in the right direction. It also works with Fidelity Go, a Robo-advisor service run by the Boston-based investing business. That’s why it is one of the best investment apps.

Pros:

• It has a virtual robot assistant to make your investment decisions.
• It is user-friendly.
• There are ample investment portfolio options to choose from.

Cons:

• It takes a relatively higher broker-assisted trading charge.
• It is not available in other countries except the US.

5: Wealthfront

One of the best investment apps with the most prominent independent robot advisors is Wealthfront. It charges a 0.25% yearly management fee, which is the industry standard. In addition, you’ll get early access to direct-deposited paychecks, competitive interest rates, and a debit card with their cash management account.

It is one of the top investing apps for beginners because you get all the facilities without paying a monthly charge. Wealthfront builds your portfolio with low-cost ETFs and makes your investment decisions considering your risk tolerance. 

Pros:

• It has a virtual robot assistant to make your investment decisions.
• The broker fee is minimal.
• Automatic rebalancing and daily tax-loss harvesting options are available. 

Cons:

• You must have a minimum balance of $500 here.
• There are no fractional shares available.

6: Acorns

Acorns are one of the oldest and best investment apps for beginners that are popular to date. When you connect a credit or debit card to your account, Acorns will round up your transactions to the nearest dollar and invest the difference in one of its many ETF portfolios. It costs a meager $1 a month, but it also provides other services. 

You may upgrade to Acorns Personal, packaged with Acorns Lite, for $3 per month if you want to step up your investment. Acorns build your portfolio depending on the amount of time you have until you retire. That’s why it is the best stock investment app on our list.

Pros:

• It automatically invests the spare change.
• It has educational content to educate beginners on stock trading.

Cons:

• It charges a high fee on small balanced accounts.

7: Binance.US

Many people prefer investing in cryptocurrencies. However, the best stock investing apps like Webull and Robinhood have a restricted selection of cryptos and don’t allow you to move your cryptos outside their applications. That’s why, for individuals who are new to cryptocurrency, we recommend the Binance.US.app.

Binance.US gives users access to many additional cryptocurrencies, ranging from well-known coins like Bitcoin and Ethereum to hundreds of lesser-known altcoins. It is one of the best investment apps in the crypto world due to its industry-low costs and fast buy options. 

Pros:

• There are colossal coin selection options available here.
• The instant buy fees are pretty minimal.

Cons:

• The account verification process is lengthy and causes errors.

8: Betterment

Betterment may be the best choice if you’re looking for a specialized robot advisor investment app that will manage a low-cost balanced ETF portfolio.  Betterment offers a solid platform that will help you automate your investments that best meet your risk tolerance and long-term goals.

It also has no account minimum, making it much easier to get started. The price structure, on the other hand, maybe unfamiliar to beginners. For its primary service, it costs 0.25% of every dollar you invest with it per year. So you know why we are claiming it as one of the best investment apps for everyday use, right?

Pros:

• There are multiple investment portfolio options to choose from.
• You can get fractional shares.

Cons:

• There is no direct indexing option available here.

9: Stockpile

Stockpile is one of the best investment apps that allows you to purchase fractional shares. In addition, there are no trading fees with Stockpile. Another cool feature of Stockpile is that you can offer a gift card that can be used to buy stock, so it may be a fun way to introduce younger people to the stock trading world.

Stockpile allows people to keep track of their money at any time, and you can even create a list of stocks for trading. In addition, the software will enable children to share a stock wish list with family and friends to learn all about investing in apps from a young age.

Pros:

• The app does not charge any annual fees.
• The trading charges are relatively lower.
• You can get fractional shares through gift cards.

Cons:

• The account selection option is quite limited here.
• It is only available in the U.S.

10: SoFi

SoFi can help you develop a strategy to handle numerous financial goals, whether you’re saving for retirement or just investing for the future. They’ll rebalance your assets every quarter. They also diversify your portfolio by allocating your funds to several types of financial ventures. Stock investing will seem effortless if you invest with SoFi.

When you invest with SoFi, you have access to career assistance, rate savings on other SoFi products, and free access to qualified financial advisers. That’s why it is one of the best investment apps for beginners. 

Pros:

• There is no minimum amount required to start investing.
• Crypto trading is also available here.
• You get financial advisors’ help at no cost.

Cons:

• No tax-loss harvesting option is available here.
• It is only available in the U.S.

Putting It All Together

Picking the best investment apps or the best apps to buy stocks is challenging and time-consuming. That’s why we have shortlisted a few investing apps for beginners on this list so that you don’t have to go through the rigorous process of finding the best stock investing apps anymore. If you want to know more about them, let us know in the comment box.

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