Best Investing Apps and Websites

Best Investing Apps and Websites
10 Best Investing Apps and Websites

Investing has become more accessible than its ever been.

Whichever approach you prefer, a hands-off approach or love to pore over market research and make trades or fall somewhere in between the right investment app can make it that much easier to reach your goals.

Investment apps allow all investors, whether new or experienced, to manage their investments in the stock market or other financial markets.

Investment apps offer a variety of convenient services at low fees. These investment apps are the best we’ve seen today that help investors save money and improve their portfolios.

10 best investing apps and websites

How Do I Use an Investment App?

Investment apps let you buy and sell stocks and other assets from the palm of your hand. Different investment apps have different features, but the core functions are similar. Here are the basic steps to use an investment app are:

  1. First of all, sign up with your preferred investment app on your device.
  2. Then connect to your bank and fund your account.
  3. Start by choosing your first investment asset and buy a share.
  4. Track the performance of your shares.
  5. Start trading assets and update your portfolio as you like.

Are Investment Apps Safe?

Investment apps use multiple layers of security that protect your personal information, encryption of personal information, two-factor authentication method, and frequent checking for hacks.

As long as you use a unique, strong password that isn’t shared with any other account or website, your money is typically safe.

If you’re away from home, you should avoid using your investment apps on Wi-Fi networks at offices, coffee shops, hotels, and other public locations.

You can use a secure cellular connection when away from home that keeps your information safe. As an extra safeguard, consider using VPN.

Here listed are the top 10 investment apps and websites:

Round

Round is an investing app that uses an automated questionnaire to generate its users’ portfolios.

It works with fund managers like Doubleline, Guggenheim Partners, and Gabelli that provides each investor with access to institution-grade investments.

Round

Round’s institutional managers heavily depend on alternative strategies and assets, including asset-backed securities, real estate, and merger arbitrage.

Round charges just 0.5% management fee. If there is a negative return, Round waives its monthly charges.

Round is the best investment app for high-end investment management.

Features:

  • Round focuses on actively managed funds and high-net-worth style portfolios.
  • At 0.5%, you pay less than many other actively managed investment options, including most human, financial advisors.
  • Portfolios include ETFs, mutual funds, and money market funds. The underlying assets range includes stocks, bonds, cash, and alternatives.
  • Access a Human Investment Pro
  • Pay Only When You Profit
  • Fees are waived in months that your portfolio value goes down.

Pros of Round

  • Actively Managed Portfolio
  • Competitive Pricing
  • Unique and Diverse Portfolios

Cons of Round

  • Fees Can Add Up
  • No Android App

TD Ameritrade Mobile App

The TD Ameritrade mobile app has excellent ease of use and is specifically used by more advanced traders.

TD Ameritrade users can access both apps with a brokerage account, and there is no minimum balance requirement or commission fees for trades.

TD Ameritrade

The asset options and customer support that it provides are second to none. Traders can choose between stocks, mutual funds, foreign currencies, bonds, ETFs, futures, ADRs, and more. If you need help, you can get 24/7 phone, text, and instant messaging support.

Features

  • Track your investments with this simple and straightforward app
  • Trade stocks, ETFs, and options with easy and intuitive order entry and editing
  • Explore integrated charts with indicators, set up price alerts, access watch lists, and get real-time quotes
  • Access market news, view third-party analyst reports and get third-party research
  • No minimum deposit required
  • Wide range, including stocks, mutual funds, ETFs, bonds, fixed-income, futures, and several other investment types
  • It supports standard, retirement, education, and other types of accounts
  • No additional fee for advanced trading platform

Pros of TD Ameritrade mobile app

  • Minimum trading fees (free stock and ETF trading)
  • Superb desktop trading platform
  • Provides great customer support

Consof TD Ameritrade mobile app

  • No credit and debit cards and electronic wallets for money transfer

E*TRADE

E*TRADE is a one-stop shop for investing and trading. Whether you’re just a beginner or seasoned investor, you’ll find everything that you want.

In 2019, E*TRADE terminated all stock and ETF trading fees and offered a $ 4,400 no-load, no-transaction-fee transaction fee for mutual funds.

E* TRADE’s Core Portfolios are the better option if you are not interested in self-directed investments.

After you fill out a risk profile to share your goals, time horizon, and risk tolerance, you’ll get a recommended tax-sensitive portfolio of ETFs.

You can customize your portfolio as “socially responsible,” which shifts your allocation to include an ETF with companies that have progressive social, environmental, and corporate practices, or “smart beta,” that favors the growth of stocks in an attempt that outperforms the market. To start investing, you’ll need at least $500.

If you are investing $25,000 or more than that, E* TRADE’s Blend, Dedicated, and Fixed Income Portfolios are worth considering.

Moreover, these plans also include one-on-one advising with a professional financial consultant to a customized portfolio.

Features

  • E* TRADE’s mobile apps are extremely well laid-out, easy to use
  • Two excellent mobile apps aimed at different trading styles
  • You can access your accounts, view charts, make trades, and research through E* TRADE’s mobile apps
  • Paper trading replicates the entire Power E*Trade platform
  • Get invested quickly by choosing a Prebuilt Portfolio

Pros of E*TRADE

  • Easy-to-use tools.
  • Large investment selection.
  • Excellent customer support.
  • Access to extensive research.
  • Advanced mobile app.
  • Commission-free stock, options, and ETF trades.

Cons of E*TRADE

  • The website can be difficult to navigate.
  • Per-contract options commissions are tiered with higher fees for less frequent traders
  • No direct international trading or data
  • No consolidation of outside accounts for a complete financial analysis

Invstr

Invstr is an investing app you get when you mix learning, real-life investing, and community into an app designed to give investors who are just starting a way to get into stocks and trading, especially if you are into games.

The Invstr app combines a fantasy stock game, where you can help maintain a $200 billion virtual portfolio that gives you access to investors’ thoughts on stocks, trading, and investments.

The fantasy game provides you $1 million virtual money, and you can use the app’s social network and news feed to gain ideas.

The month’s top performers can win real cash, too. And if you wish to turn some of those fantasy picks into real-life stakes, you can buy fractional shares and whole shares commission-free in the app.

You can learn from an investing community, hear why they like certain stocks, and play a fun fantasy game.

Features:

  • Enjoy secure banking and a debit card with no minimums or monthly fees.
  • Trade your favorite cryptocurrencies and keep track of them in one place.
  • You can track and improve your performance with Stats and get personalized investment picks with Portfolio Builder.
  • Boost your investing and finance education with Stats, Academy, daily podcasts, and market blogs.

Pros of Invstr

  • Trading on stocks, ETFs, ADRs, are Commission-free
  • You can start investing with only $5
  • Automated portfolio builder for Invstr Pro users
  • Fractional shares are available

Cons of Invstr

  • No other specialty accounts are available
  • Limited customer service support that is can only contact via email or in-app message
  • Limited investment selection
  • The mobile app currently only available for US investors with iOS devices

Acorns

Acorns is a brokerage and banking app that offers creative funding options that includes recurring transfers and round-ups for purchases made with connected cards.

The brokerage offers ETFs which generate personalized recommendations for you based on a survey you fill out when signing up for an account.

Every investor has to start somewhere. Acorns offer free management for college students to cater to the fledgling demographic.

Unlike most investing apps, it offers a “spare change” savings tool, which rounds up purchases users make at select retailers.

Acorns

Features

  • No minimum deposit required
  • Monthly subscription costs $1, $3, and $5; additional fees may apply
  • Fractional share investments in ETFs that are made up of bonds and stocks
  • Robo-advisor brokerage, retirement, and checking accounts
  • You can earn money by shopping with a linked card at partner retailers
  • Automated micro-investing
  • Gamified app experience

Pros of Acorns

  • Start Investing With No Money
  • Easy to Set Up Custodial Accounts
  • Hides the Complexities of Investing

Cons of Acorns

  • Monthly fee on all accounts
  • Can Lose Principal

Fidelity

Fidelity is a well-known investing app with substantial resources for different types of traders and investors.

The firm is a standout because it focuses on retirement education, including retirement calculators and many other tools.

Through the Fidelity Investments mobile application, you can do anything you need in your investment account.

You can link your investment account to Fidelity Spire, which helps you track savings and set investment goals.

The brokerage offers a few of its mutual funds without any transaction fees. It’s also one of a small list of major brokerage firms that offers fractional share investments.

Features

  • No minimum deposit required
  • Stocks, mutual funds, ETFs, fractional share investing, and more
  • Supports brokerage, retirement, education accounts, and more
  • Check balances, transfer money, get intraday valuations, and keep track of the positions in your accounts.
  • Trade stocks, options, ETFs, and mutual funds.
  • Get news and videos, view real-time quotes and charts, and set up watch lists to track your preferred securities.

Pros of Fidelity

  • Fractional share investing
  • Robust mobile app features
  • Fidelity Spire app for savings goals
  • Superb trade executions
  • Excellent research and asset screeners
  • Uninvested cash is swept into a money market fund
  • Newsfeed is flexible and customizable

Cons of Fidelity

  • Customers may have to use other platforms to utilize favored tools.
  • Non-U.S. citizens cannot open an account.
  • Customers should manually refresh the data on the website.
  • No commodities or options on futures

SoFi

SoFi is a full-service finance company that provides services like lending, banking, and investing, managed in a single mobile app.

SoFi’s Invest is great for those just starting because it gives access to investment education that allows you to start small with fractional shares, called Stock Bits.

The users can trade stocks, ETFs, and cryptocurrencies. Stock and ETF trades are free of charge. SoFi Invest also provides a managed portfolio product with no added investment management fees.

Overall, SoFi provides some impressive accounts that are well-priced and easy to use—that’s a winning combination.

SoFi

SoFi won’t charge any advisory fees, stock or ETF trade fees, or subscription fees to invest.

SoFi’s automated investing platform will recommend a portfolio made up of ETFs based on your risk tolerance for those with a set-it-and-forget-it attitude.

Once you decide which portfolio is appropriate for you, you can start investing with as little as $1.

Features

  • $1 minimum deposit required
  • No any charges for online stock or ETF trades; 1.25% markup on crypto transactions; expense ratios vary on SoFi-branded ETFs; additional fees may apply
  • Stocks, ETFs, and cryptocurrencies
  • Supports self-directed and managed portfolios and retirement and cryptocurrency accounts
  • Offers loan products and cash management accounts

Pros of SoFi

  • Fractional share investing
  • No-fee automated investing
  • Education resources alongside investment tools
  • No account or trading fees and minimum fees to own funds
  • Access to Certified Financial Planners at no extra charge
  • Cryptocurrency trading available

Cons of SoFi

  • No advanced research tools
  • Limited investment assets
  • No tax-loss harvesting, an advanced investing technique where you sell a stock or mutual fund at a loss for a tax benefit
  • Limited track record. SoFi’s automated trading platform has only been around since 2017, which isn’t as long of a track record as other brokerages
  • Currently only available to US residents

Betterment

Betterment is one of the new waves of Robo-advisors, and it’s one of the largest and most popular investing apps.

The app offers professionally managed portfolios using a selection of ETFs and is calibrated against your risk tolerance.

Betterment creates socially responsible portfolios, including those that focus on climate change or social impact. If you need a safer portfolio, Betterment can do that, too.

Betterment

Features

  • Taxable and retirement account management
  • No minimum investment required
  • Phone support from certified financial planners
  • User survey to create tailored portfolios
  • A .25 percent management fee

Pros of Betterment

  • Fixed management fees with no transaction fees
  • Easy, passive, hands-off investing
  • Automatic rebalancing and free tax-loss harvesting and tax-coordinated dividends
  • Plan upgrades available

Cons of Betterment

  • Very limited amount of investment options
  • Higher fees and balances are required to access expert help and management

Webull

Webull is an impressive mobile app for active and expert investors and traders, which is great for trading stocks, ETFs, cryptocurrency, and options, and it supports IRAs. Yet, there are no bonds or mutual funds.

Webull is mainly focused on free investing and trading, and it’s best for investors with experience.

The app focuses on active stock, and options may be overwhelming for beginners. But, if you’re willing to take some time to learn, Webull is an excellent low-cost option.

Webull

Features

  • No minimum deposit required
  • No commission or contract fees for online stock, ETF, or options trades; $8 to $45 for wire transfers; additional fees may apply
  • Stocks, ETFs, options, and cryptocurrencies investments
  • Supports brokerage and IRA accounts
  • Generous free stock promotions offer for new users and for customers who refer others

Pros of Webull

  • Community area to interact with other users
  • Paper trading available (trade with virtual money)
  • Advanced charting features

Cons of Webull

  • Real-time data streams require an additional subscription
  • Limited investment types

Stash

Stash is one of the best investing apps that is suitable for beginners. Stash stands out in its account options: For a $3 monthly fee, users get brokerage, bank, and retirement accounts.

For $9-per-month level, they get access to two custodial accounts, monthly investment research, a stronger rewards structure, and an upgraded debit card.

Stash requires $5 only to open an account, and users can purchase fractional shares in stocks and ETFs. Unfortunately, Stash only offers about 150 stocks and 60 ETF options.

Stash

Features

  • Stash sets itself apart with an easy and intuitive design
  • SRI portfolio option available to Stash users.
  • With the Portfolio Builder, you’ll be able to work toward an investment strategy that meets your goals and your values.
  • Smart Portfolios option features automatic rebalancing upon withdrawals or contributions, plus quarterly rebalancing.
  • Stash organizes its offerings by sector, while ETFs are also organized by categories.
  • Stash provides access to an online banking account with a debit card
  • Stash offers the Diversification Analysis tool to assist you.
  • You can use the tool to help keep your personalized investments on track.

Pros of Stash

  • Educational content and support.
  • Fractional shares.
  • Values-based investment offerings.

Cons of Stash

  • Smart Portfolios don’t offer tax-loss harvesting.
  • High ETF expense ratios.

Conclusion

Every investor has different needs, so that no one app can fulfill your needs. Instead, it is best to look for your finances, investment goals, and how you want to manage your investments as factors that can help you choose from.

It’s also essential to review costs and fees, as those can take a bite out of your investment gains over time.

Never invest in something you are unfamiliar with, and never sign up for a paid investing service if you don’t believe it’s a good value.

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