For many beginner investors, the best investment app is going to be one that doesn’t cost anything to use. These apps are a great way to start investing with little money — and with no financial knowledge required.
These free investment apps offer new investors an easy way to buy stocks and build a portfolio by tracking their favorite stocks, ETFs, and cryptos. They also provide financial news, investing tips, training videos, and more to help you learn about investing.
Each of these apps has a slightly different approach, so we encourage you to try them all until you find your favorite. We’ve listed the top investment apps you can use to build wealth in 2022.
8 Best Investment Apps For 2022: Stock Trading & Investing Options
Best Investment Apps
What Are Investment Apps
Investment apps are the best way to manage your money, whether you want to find a suitable investment or simply keep track of your savings.
They have been available for some time, but they are only now starting to gain traction.
Probably the most popular investment app is Betterment, which allows users to invest in a number of different ways and track their returns. Other apps include Acorns, WealthSimple, Personal Capital, Informed Investor and Portfolio IQ.
The most important thing to remember when choosing an investment app is that it must be compatible with your current account from your bank or broker (most banks offer this).
You will also need some sort of smartphone or tablet device in order to use the app.
lnvestment Apps
The world of finance and investing is a complicated one for many people, with many individuals not even understanding the language that is used. However, having your money in the right place can make all the difference to your future financial stability.
Getting to know some of the terms used and making sure that you think carefully about how you want to invest your hard earned money is really important.
Many people choose to invest their money in order to grow their assets and build up their financial future.
There are a number of ways that you can do this, including buying stocks and shares in a company or placing money into a mutual fund. The traditional way to do this was by going into a high street bank or investment company, who would then help you to decide what was best for you.
Nowadays, however, there are apps which can help you to make decisions without needing as much guidance. They can also help you to keep track of your investments and make sure that they are going as well as you had hoped for.
What Are the Best Investment Apps?
If you are interested in investing, you may have heard about a range of apps that promise to make the process easier. An app will not make you rich, but it can be a helpful tool to manage your investments and plan your financial future.
So what investment apps are out there? Here out our guide to some of the best options: Acorns: Perfect for New Investors Investment apps are often geared toward new investors because many people do not want to go through the hassle of starting a traditional investment account.
Acorns is one such app that makes investing simple — so simple, in fact, that the company calls itself “the first digital savings and investing app.”
The way Acorns works is by automatically rounding up your purchases to the nearest dollar and investing that spare change into an index fund designed by Nobel laureate Dr.Harry Markowitz. This approach is called “micro-investing” because it allows even those with very modest incomes to start investing (as little as $5 per month).
In addition to its micro-investing tools, Acorns also offers retirement accounts and college savings accounts.
You can also purchase fractional shares, allowing you to invest in stocks without having enough money for a full share. Plus, if you have any questions about
1. M1 Finance
M1 Finance M1 Finance is a robo-advisor with a twist. It offers the automated investing of other robo-advisors, with some important differences.
M1 Finance allows you to invest in “pies” consisting of stocks and ETFs. You can invest in pre-made pies — some of which are tailored to specific goals like retirement — or create your own pie from scratch.
M1 Finance’s distinction from other robo-advisors is that it only “advises,” but does not take control of your investments.
If you do not want to choose how much money to allocate to each pie, you can set the pie to “auto-rebalance,” allowing it to automatically adjust the proportions based on prevailing market conditions or events that affect individual companies.
But if you want to make those decisions for yourself, you can do that too. The company does not charge advisory fees or commissions, but it does charge an annual fee of 0.25% on brokerage accounts with less than $10,000 invested.
The minimum investment amount is $100 (except for certain pre-made pies).
Features
M1 Finance Features The M1 Finance trading platform is web-based and mobile friendly. The M1 finance website, which you can access via your smartphone or computer, offers several unique features that provide users with some functionalities other robo-advisor platforms do not offer.
Features of the platform include Socially Responsible Investing (SRI) M1 Finance offers a wide range of socially responsible investing options for investors who prefer those types of assets.
SRI portfolios are designed to include only the stocks and funds that follow certain ethical and sustainable criteria.
This investment strategy can help investors sleep better at night, knowing their money is supporting companies whose values align with their own.
Automated Rebalancing One of the best features of M1 Finance is its automated rebalancing system.
Since rebalancing your portfolio is an important part of maintaining an optimal asset allocation, you want to make sure you are doing it regularly.
Because M1 Finance automatically rebalances your portfolio based on your specified allocations, you never have to worry about having too much exposure in any one asset class or too little exposure in another.
That helps mitigate risks and keep your investments diversified. M1 Borrow Using M1 Borrow, investors
Pros
This is a list of M1 Finance Pros.
- The M1 platform is well designed, intuitive and easy-to-use.
- You can invest in stocks, ETFs, and even some fractional shares such as Tesla (TSLA).
- It has great tax-efficiency due to its use of the accrual system for taxable accounts.
- It offers free DRIP for dividend reinvestment which is great for long-term investors.
- It is completely free! I have used many investing platforms before, but this is the first that I have found that does not charge any fees or commissions
M1 Finance is a hybrid investment app that offers a combination of self-directed trading and automated investing. The app uses pie-based models that let you choose which stocks, ETFs, or portfolios you want to invest in and what percentage of your money you'd like to allocate toward each investment
2. Robinhood
Robinhood, the brokerage app that offers commission-free trading of stocks and exchange-traded funds, has gotten a lot of attention since it launched in 2014. The company says it is on track to pass 3 million users this year.
But is Robinhood right for you? It is easy to see the appeal. After all, it is rare to find any investing service that does not charge at least some fees — especially one that offers investment education tools and interactive market data.
There is a reason you will not pay trading commissions at Robinhood: The company makes money when you give your money to them.
Its business model is built on interest earned from uninvested cash in accounts and margin lending of investments in those accounts.
By not charging commissions on trades, Robinhood creates an incentive for users to keep more money with the service. Here is what you need to know about using Robinhood for investing.
Features
I am not a financial advisor, I am just a normal investor trying to navigate the stock market. Robinhood is an App that lets you buy and sell stocks and ETF’s fr-e-e. That is right, fr-e-e.
It is available on both Apple and Android devices.
There are some other great things about the app that are worth noting, including Gold and Instant Deposits. Gold: This gives you margin (aka buying power) for $5 per month and offers 5x the buying power on your money.
The catch is you have to invest at least $2,000 to try it. You can cancel your subscription at any time if you want to change back to regular trading or do not want to pay the $5 monthly fee.
Pros
Robinhood Pros No commissions or fees. Ability to trade fractional shares of stock. This is a great option for those building up their investment portfolio who do not want to buy an entire share of a $300 stock.
User-friendly interface, including color-coded charts that allow you to easily spot downtrends or uptrends with one glance.
Anonymous chat feature lets you talk shop with other investors and traders about specific stocks or the market in general.
Robinhood has commission-free investing, and tools to help shape your financial future. Sign up and get your first stock free.
3. Acorns
When it comes to investing, many people have the same attitude. They believe they do not have enough money to invest, so they do not bother.
But what if investing is as easy as making a purchase on your phone? Acorns are betting on it with their new app that lets users invest their change.
The app rounds up purchases to the nearest dollar and invests the difference into an investment account. Users can also choose to set up recurring investments into their account, or make one-time investments through the app.
When you sign up for Acorns, you answer a few questions about your risk tolerance and financial goals, and then the Acorns algorithm picks a portfolio of index funds for you based on your answers.
Acorns is an app that helps you invest your spare change. Any time you use a linked card to make a purchase, the app rounds up the total and invests the difference in a portfolio of low-cost ETFs.
The service costs $1 per month for accounts under $5,000 or 0.25% per year on balances over that amount.
Acorns also lets you set up recurring investments and one-time investments by debit card, bank transfer or check. There is no minimum account balance.
Features
Everyday Shopping Acorns helps you invest as you shop by rounding up every purchase you make and investing the spare change. You can also earn Found Money by shopping with our partners through the Acorns app.
Round Up Investments: When you set up Round-Ups, we will automatically invest the spare change from your everyday purchases into your Acorns account.
Recurring Investments: You can choose to have a certain amount of money invested into your Acorns account on a regular basis with Recurring Investments.
Found Money™ Earn money for your investments just for shopping with brands like Apple, Walmart, Nike, Amazon, and more through our Acorns Later app.
Pros
It allows you to round up your purchase and automatically invest the change. Acorns charges a small monthly fee of $1, but you can start with no account minimum.
Automatically invests your spare change Round up purchases to the nearest dollar Start investing with no account minimum. Acorns is ideal for beginners who want to automate their investments using micro-investing.
Acorns is a fintech company that is best known as a micro-investing platform that allows users to set up automated investments into a portfolio through Round-Ups: Acorns rounds up a debit or credit card purchase made on a linked card to the nearest dollar and invests the change on behalf of the member.
4. WeBull
Free Stock Trading is just the Beginning Free stock trading and Free trading software In addition to commission free stock trading, TradeZero provides free limit orders, higher day trading leverage, 24 x 7 customer support along with four different state-of-the-art trading software and more.
TradeZero commission free stock trading software lets you trade and locate stocks from any device and includes real-time streaming and direct market access. TradeZero clients have access to over 10 software platforms including desktop, mobile and web based applications.
The world’s first zero commission stock broker offers the best value on the market. Join thousands of traders who make more informed decisions with our premium features.
Real-time quotes, advanced visualizations, backtesting, and much more. Upgrade your FINVIZ experience
Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, backtesting, and much more.
Features
WeBull is the best free stock trading app with a $0 minimum to start investing, no account fees, and rich market data. Free Trading App: No Commission Stock Trading Invest in stocks or ETFs at 0% commission while paying $0 monthly or annual account fees.
Free Margin Trading: Best Brokerage Margin Account Our margin trading account allows you to borrow money against your existing assets and trade on margin. Interest rates apply.
Commission-Free Options Trading: Best Brokerage For Options Our platform offers commission-free options trades, so you can invest in options without paying a fee for each trade.
Pros
The WeBull Pro platform is designed to give you access to professional-grade tools, insights and research to help you make better-informed decisions.
Professional-Grade Tools – Access professional-grade trading tools such as Level II real-time quotes, pre & post market trading, advanced charting and more.
Insights and Research – Get access to exclusive insights from experts through the WeBull Pro Market Pulse blog and our Top Picks newsletter, giving you their take on the latest investing trends.
Webull is narrowly focused on doing one thing well: Offering a mobile brokerage app that makes stock trading, buying cryptocurrency and options trading easy for new investors.
5. Betterment
Betterment is the best-known robo-advisor and has been around longer than any other. They have a very strong brand identity, a great user interface, and top-notch customer service.
They were also the first robo-advisor to offer tax-loss harvesting (a strategy to help offset capital gains taxes). Betterment offers two accounts: Standard and Premium.
You are charged a flat fee for both account types; there are no fees on things like ACH transfer or account closure. The fees vary based on how much you have invested with them: 0.25% per year for the Standard account with up to $2 million invested with Betterment
0.40% per year for the Premium account with up to $2 million invested with Betterment 0% management fee and unlimited goal advice from their CFP® professionals for accounts over $2 million .The Standard account is good for most people who just want to passively invest and let Betterment do all the work.
But if you have a more complicated situation (like rental income or a small business), you may need a more hands-on approach in order to save money on taxes.
If this sounds like you, then consider signing up for the Premium tier which gives you access
Features
Betterment is more than just an investment platform. It is your personal financial advisor. Betterment is the largest independent robo-advisor (i.e., digital financial advisor), with more than $10 billion in assets under management and more than 200,000 customers.
Betterment offers two distinct services: Betterment Investing and Betterment Checking. The company is focused on making investing easier and more accessible to everyone.
It also seeks to provide its customers with the best possible experience and a better path to financial freedom.
Betterment Features Fees: 0.25% annual fee for accounts less than $2 million; 0.40% for accounts greater than $2 million Minimum Investment: None, but you need to have at least $10 in your account to invest Account Types: Individual taxable, joint taxable, individual retirement (traditional IRA, Roth IRA, SEP IRA, rollover IRA), trust
Pros
Betterment Pros: Betterment is a great choice for investors looking for a simple, easy-to-use investment platform. The company’s services and advisory team can help you grow your portfolio, whether you are an experienced investor or someone who is new to the stock market.
If you are an inexperienced trader, Betterment can help you learn about investing in stocks and mutual funds. All of this is wrapped up in a sleek package that requires almost no effort on your part to set up.
The company also makes it easy to withdraw money from your IRA or 401(k) when you need it.
Betterment is a clear leader among robo-advisors, offering two service options: Betterment Digital provides automated portfolio management and charges 0.25%.
6.Stash App
Stash, a micro investing app, has announced that it has raised $37.5 million in Series D funding. This round takes the company’s total valuation to over $200 million and brings its total funding to $78.8 million.
The company offers a variety of different investment options.
Users can invest in a range of pre-picked funds based on their interests, or they can invest in specific ETFs or individual stocks and bonds.
The firm was co-founded by Brandon Krieg and Ed Robinson in 2015, who say they wanted to make investing more accessible to more people, especially those who might otherwise be intimidated by the idea of investing.
“We have come a long way since we launched Stash two years ago with the goal of helping everyday Americans invest for their future,” said CEO and Co-founder Brandon Krieg. “With this latest round of funding, we will continue our mission to help anyone build wealth through investing.”
Investing made easy with Stash. Sign up and we will help you build your personalized portfolio, buy and sell investments and monitor how they are doing. We will even give you $5 to get started.
Features
Stash App Features Stash offers a more personalized approach to investing. Our app supports this by giving you the tools to be an informed investor. Learn and grow as you go with Stash.
Investing is a team sport, so we created a feature that lets you connect your account to friends and family on Stash.
You can see what others are investing in, keep in touch, and set and track goals together. Check out personalized recommendations based on your investment interests from our in-house experts at Stash.
We have researched thousands of stocks and ETFs to find the ones that fit your goals best.
Learn about companies you may want to invest in outside of Wall Street jargon with easy-to-read company profiles that include financial information like revenue growth, market share, and profit margins.
You can learn how each company scored on social impact factors like gender diversity, political contributions, and environmental impact before making an investment decision.
Not sure which stock or ETF is right for you? Browse through hundreds of curated lists based on topics you care about most like green energy or female CEOs (coming soon).
Pros
Stash App Pros A beginner-friendly investing app with a great signup bonus and easy-to-understand explanations of financial concepts. Investment amounts as low as $5 Unique investment options that you can customize Fun, educational content that makes learning about finance simple and interesting.
Stash is a personal finance app that can help anyone improve their financial life. From budgeting to saving for retirement, Stash features banking, investing, and advice all in one app. We've helped millions of Americans reach their financial goals–all for one low monthly price.
7. Stockpile
Stockpile is an online stock trading platform that allows users to buy and sell stocks and exchange-traded funds (ETFs) in fractional shares.
Existing investors can also use the platform to gift stock or ETFs to friends and family members, which is a great option for parents who want to introduce their kids to investing.
Stockpile’s main selling point is that it charges a small fee per trade (compared with other brokers) when you buy or sell fractional shares of stock. For example, if you wanted to buy one share of Disney for about $102, you would not have to pay the full price for just one share.
You could invest more than $102 and split your purchase into smaller amounts of Disney shares, which would be less expensive than buying just one share.
When you sign up for Stockpile, you will be charged a $0.99 monthly fee on accounts with a balance of less than $5,000. This fee includes unlimited trades — something most brokerages charge extra for.
You can opt out of the fee by paying $19 per year. For any purchases under $1, Stockpile charges 99 cents per trade plus 99 cents per share purchased.
Features
- Fractional shares. Millions of people do not have enough money to buy a whole share of stock. With Stockpile, you can buy as little as $5 of your favorite stock.
- And there is no commission on purchases of under $5,000. Gift cards. Stockpile has gift cards for hundreds of popular stocks and ETFs (exchange traded funds).
- You could get your friend an Amazon gift card, or you could give them a share of Amazon stock! It is the perfect way to give the gift of ownership to someone who does not already own stock. Mobile app. You can trade and redeem gift cards right from your phone with our free mobile app for iOS and Android devices. Download now!
- Dividend reinvestment plan (DRIP). When you own stock, you can receive cash payouts called dividends — or have those payouts automatically invested in more shares of that company’s stock (or in another company’s stock).
- Free DRIP is available on all stocks you buy through Stockpile, but it is not available on dividend reinvestments in the three ETFs that Stockpile offers: SPY, QQQ, and IWM. No account minimums.
Pros
Stockpile is a trading platform that lets you buy fractional shares of individual stocks. Stockpile has some unique features that make it an appealing option for both new investors and those who are looking to save money on fees.
Low Fees: Stockpile charges $0.99 per trade, which is significantly lower than many other online brokerages. Gift Cards: You can buy gift cards that let you purchase stock without paying brokerage fees.
Ease of Use: This platform is easy to use, thanks to its simple interface and helpful educational resources. In-person Service: Stockpile offers in-person service in its retail stores so that customers can work with experts to get answers to questions about investing.
Stockpile is a cloud-based inventory management platform that helps small businesses manage stock across multiple locations and process transactions.
8. Ally Invest
Ally Invest is a popular online investment brokerage. We recently reviewed the platform and determined that it is the best overall discount brokerage for both long-term investors and active traders (read our full review here).
Ally Invest is a subsidiary of Ally Financial, an online bank with over $150 billion in assets. Ally Invest has low commissions and fees on trades, but the most important factor is its solid customer support.
The company offers 24/7 phone support, live chat and e-mail support, which is a huge step up from other brokerages. Ally Invest offers two accounts: self-directed and managed.
The self-directed account requires you to make all trades yourself, while the managed account gives you access to advisors who can manage your portfolio for you. If you want to trade your own investments, Ally Invest is one of the better platforms available to do so.
Commissions are $4.95 per trade, with no surcharges when trading stocks under $1 or options contracts under 0 for all accounts (which is one of the cheapest offerings among major brokers).
Features
Ally Invest features include: Real-time streaming quotes from $4.95 No minimums to open an account or to get started trading. No enrollment fees, no monthly fees and no inactivity fees Free access to a robust suite of research and data tools including Ally Invest Research, Ally Invest LiveVoice℠, Ally Invest Securities Ratings, Morningstar Investment Research, Market Pulse Email and more.
Free access to 24/7 live customer support via phone and email Virtual Trading Tools to practice your investing skills before you invest actual money. Zero minimum balance required for self-directed brokerage accounts Zero minimum balance required for Ally Cash Management accounts (interest bearing).
Pros
Ally Invest Pros: $0 account minimum No account maintenance fees No inactivity fees Trader Network Free trades for 90 days (offer subject to change)
Ally Invest is a solid choice because they have well-functioning and mostly intuitive investment and trading platforms and very competitive commissions
9. Fundrise
Fundrise is an online investment platform that allows you to invest in high-quality private real estate projects. Real estate is one of the oldest and most reliable asset classes in history.
But until recently, it has been accessible only to a small group of wealthy investors with the time, expertise, and connections to invest directly.
Fundrise makes direct real estate investing accessible by allowing you to invest as little as $500 in a portfolio of properties across the United States.
Each property is carefully selected and extensively vetted by our team of real estate professionals, so all you have to do is pick an investment, sit back, and watch your money grow.
History The company was founded by Ben Miller, Fundrise’s CEO, who had grown up in the Washington DC area before moving to San Francisco to work at Facebook in 2007.
In 2010, Ben returned home and launched Fundrise with his brother Dan after identifying a large gap between the mass market investor and institutional capital.
The result was a platform that allowed investors to gain access to institutional quality real estate investments for as little as $100 through the use of technology and modern finance.
Features
FINANCIAL MANAGEMENT TOOLS | Fundrise is a modern investment platform that gives you the information and insights you need to manage your money. TRANSPARENT INVESTMENT OPPORTUNITIES | We believe that real estate investing should be simple and accessible to everyone.
So we have created an easy way for you to invest in great properties. DIRECT ACCESS TO INVESTMENT OPPORTUNITIES | On Fundrise, you can access exclusive private market real estate deals without the high minimums of traditional investment vehicles.
Pros
Fundrise Pros Fundrise Pros Fundrise is the first investment platform to create a simple, low-cost way for anyone to access real estate’s historically consistent, exceptional returns. Simplicity With Fundrise, you can get started with as little as $500 and for as low as $5/month.
Flexibility You can choose from core, income-focused, or long-term growth investments. Or invest in a diversified mix of all three.
Transparency Every property is handpicked by our team of experts and fully vetted before we offer it to investors. You will see everything from legal documentation to valuation reports to management contracts before you invest.
Fundrise is the first investment platform to create a simple, low-cost way for anyone to access real estate's historically consistent, exceptional returns.
What Should You Consider When Choosing An Investment App?
If you are ready to invest, how do you decide which investment app to use? Here are four things to consider:
- Minimums and fees. When choosing an investment app, the first thing you should look at is the minimum balance required to open an account and the fees charged per trade. There are some apps that do not require a minimum investment balance, but most do.
- The ones that do not typically charge higher fees. Types of investments. Make sure your investment app offers the types of stocks and funds in which you want to invest. Some apps only offer access to stocks, others have mutual funds, ETFs and more.
- Diversification is one of the keys to building wealth over time, so make sure your investment app offers access to all types of investments. If not, it might be worth opening multiple accounts with different apps if each has its own advantages.
- Transparency and visibility into your account. Look at how easy it is to make trades on the app and how much information you can see about your portfolio on a daily basis or even real-time if possible.
- Some people just want a 401(k) or IRA they can set up in five minutes,” says Stephen Gardner, COO at Acorns.
Does Your Investment App Have Mico-investing?
So you have decided to start investing. You have done your research, you are ready to invest, and the only thing left to do is choose an investment app.
But here is the problem: There are dozens of investment apps out there, each with their own pros and cons. So how can you be sure that you will pick the right one? One of the features to look for in an investment app is micro-investing.
But what is micro-investing, and why should you care about it?
What Is Micro-Investing? Micro-investing is a new type of investing that allows users to invest small amounts of money in individual stocks or mutual funds. One of the biggest benefits of micro-investing is that it makes investing accessible to everyone.
For example, Let us say that you want to buy shares of a company called Acme Explosives. If that company sells shares for $100 apiece, then you will need $100 in your trading account to make a purchase.
If you do not have enough money in your account, then you will not be able to make the purchase. But if Acme Explosives allowed users to invest just $
Does Your Investment App Have Options trading
Don’t get me wrong: I love Robinhood. I have been hooked on the investment app for about a year now, ever since I started trading stocks with my friends at college. But there isone thing missing from Robinhood that makes me jealous of my friends who use other apps like Stash or Acorns: They have options trading.
Options are really cool. They allow investors to take long-term bullish or bearish positions on a stock without actually owning the stock — or even committing funds to buy it. That means they can pick up shares of Facebook (FB) in the $150 range and wait for its price to go back up to the $200 range without worrying about losing money if it falls below $150 during their wait time.
With options, you either make money or you get to decide again — there is no downside risk. On top of that, options can be used for shorter term plays as well, as traders seek to make a quick gain if they predict a short-term price swing in the stock’s direction.
So what is the problem? Well, Robinhood is missing something big: option trading
Does Your Investment App Have Educational resources
If you’re just starting out and you have no idea what to buy, Betterment has a questionnaire that will help you choose the best investment options for you. That is great for investors who are new to the game and do not know where to begin.
If you want more control over your investments, Stash is another app that offers retirement accounts. The app also has some educational materials on investing, as well as a portfolio of stocks that are tied to certain “themes,” such as clean energy or ethical companies.
Another option is Acorns. This app allows users to automatically invest their spare change from credit and debit card transactions into exchange-traded funds (ETFs). While it does not offer specific investments for retirement, it does have an educational section.
For example, it explains how ETFs work and how to choose which ETF is best for you. Unfortunately, not all apps provide educational resources like these. Check out our full list of investment apps here if none of these options seem right for you.
Does Your Investment App Have Low fees
If you are thinking of investing in a micro-investment app, there are several things to consider before investing your money.
You need to look at the fees the app will charge you, whether you can withdraw your money whenever you want and what types of investments the app offers.
It is also important to consider how much time you have to invest and how much money you want to invest. Some apps require that you have a set amount of money that is automatically withdrawn from your bank account each month.
If this is not something that works for you, then an app like Acorns might not be the best choice for you. Many of the best investment apps have low fees. You can use them to build a portfolio with as little as $5.
Depending on which app you use, you may pay a monthly or annual fee, a flat fee per transaction or no fee at all. Your investment goals and interests will inform your choice of app. Here are some of the best investment apps for beginners, with no account minimums and low fees.
Does Your Investment App Have Mobile device accessible
When AEX announced the launch of its cryptocurrency exchange in May, there was a flurry of excitement. People who had never even considered buying bitcoin before were suddenly thinking about giving it a try.
But it was short lived. Bitcoin prices soared in June and July, but then dropped sharply in August and again in September.
As prices fell, so did the number of people who were interested in trading cryptocurrencies.
The exchange only saw 2,000 signups per day during the digital currency market’s peak, and now just sees around 200 signups per day. The lack of interest on AEX is indicative of the lack of interest in cryptocurrency trading apps across the industry as a whole.
Of course, there are exceptions such as Robinhood and Coinbase whose mobile apps have been downloaded millions of times, but they are the exception rather than the rule. The problem is not that people do not want to trade cryptocurrencies — it’s that they do not know how to get started.
While Robinhood has gotten some attention for making it easy to buy and sell stocks with its app, the company has done little to educate people about what stocks actually are or how they work.
Investment App – Frequently Asked Questions
1.How do I get started? It is simple! Download the app from the Google Play Store or App Store. Create an account using your email address and phone number, or use your Google or Facebook login. You will then be able to create a free investment portfolio with just a few taps!
2.How can Grow manage my investments? Grow uses an investment strategy known as diversified portfolio management. We have partnered with some of the world’s leading asset managers to offer you professionally managed ETF portfolios with over 6,000 stocks and bonds from around the world. This allows us to manage your money in a way that matches your risk profile while providing you with access to stocks and bonds on multiple exchanges across the globe.
3.Is investing safe? Yes! We are registered with FINRA and the SEC, so we need to abide by all local, state, and federal laws. This means we must hold your funds in FDIC-insured banks in the United States, which protects up to $250,000 in case of bank failure. Your account will also be protected by our own internal security systems that are designed to protect investors against fraud and unauthorized access to their funds.
Best Investment Apps – Summary
Investing is one of the easiest ways to grow your wealth. You do not need a high salary or fancy credentials to make your money work for you and boost your financial future.
If you are looking to start investing, there are several apps that can help you get started with just a few clicks. Investing does not have to be complicated. In fact, it can be as simple as clicking on an app.
The best investment apps can help you build a financial portfolio and give insight into how the market works. But not all investing apps are created equal.
To come up with our list of the best investment apps, we considered fees, functionality and ease of use. We also looked at how they help users create their own portfolios or invest with algorithms.
The following eight investment apps are some of the best on the market.
