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Are you tired of feeling lost in the world of investing? With so many options available, it can be overwhelming to choose the right one. That's why we've done the research for you and compiled a list of the top 13 investment apps that made the grade. From stocks to real estate, crypto to ETFs, these apps offer a range of opportunities to grow your wealth.
Best Investment Apps at a Glance
Here's a quick rundown of each app:
- Interactive Brokers: Offers stocks, ETFs, options, futures & commodities.
- eToro: Best for stocks and crypto. A multi-asset investment platform with over 100 countries worldwide.
- Wealthfront: Best for simple/robo investing. Fee-free investing with a $1 account minimum.
- Acorns: Best for micro-investing. Simple interface, no account minimum, and cashback rewards.
- Crowdstreet: Best for real estate investing. Wide selection of investments and expert guidance available.
- M1 Finance: Best for automatic investing. Fee-free investing with a $10 account minimum.
- Coinbase: Best for crypto investing. Secure platform for buying, selling, and trading cryptocurrencies.
- Robinhood: Best for beginners. Simple interface, no account minimum, and commission-free trading.
- Empower: Best for investment tracking. Easy-to-use app to track your investments and monitor performance.
- Charles Schwab: Best overall. Wide selection of investments and expert guidance available.
Why We Picked Each App
Here's what sets each app apart:
- Interactive Brokers: Offers an impressive 4,000+ no-fee U.S. mutual funds and over 14,000 offshore no-fee mutual funds.
- eToro: Has been around for nearly two decades, operating in over 100 countries worldwide, with a mission to make trading accessible to anyone.
- Wealthfront: Solves the problem of investors not knowing if their money is being worked in their best interest, offering fee-free investing and expert guidance.
- Acorns: Makes it easy to invest little bits at a time, rounding up purchases and investing in various investments of your choice.
- Crowdstreet: Offers extensive research and analysis on all real estate opportunities before you can invest, with a wide selection of investments and asset classes to choose from.
- M1 Finance: Allows for fee-free investing with automatic investment options, making it easy to grow your wealth.
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13 Best Investment Apps Reviewed
Here's a summary of each app's pros and cons:
- Interactive Brokers: No account minimums, huge selection of mutual funds, but no sign-on bonus.
- eToro: Fee-free investing, wide selection of assets, but limited crypto options.
- Wealthfront: Fee-free investing, simple interface, but steep monthly cost for low account balances.
- Acorns: Simple interface, cashback rewards, but high fees for small account balances.
- Crowdstreet: Wide selection of real estate investments and expert guidance available, but high minimum investment required.
By understanding the pros and cons of each app, you'll be better equipped to make an informed decision about which one is right for you. Happy investing!