Luis Pazos 
When it comes to investment apps, there are countless choices, and new options keep popping up every year. So, which are the best apps for the average person looking to trade stocks, invest in crypto, or build long-term wealth? Honestly, there’s no one-size-fits-all answer—it really depends on your preferences. However, some apps definitely stand out from the crowd.
To help you choose the best investment app for your goals, I compared some of the top options based on factors like functionality, variety of investments, and fees. If you’re ready to invest and prefer doing it on the go with your Android or Apple phone, check out our top picks.
Our Picks for Best Investment Apps:
Robinhood: Best Overall
M1 Finance: Best for No Fees
Fundrise: Best for Real Estate
Acorns: Best for Beginning Investors
Cash App: Best Multi-Use App
Betterment: Best Robo-Advisor Option
Personal Capital: Best for Investing Tools
Best Overall: Robinhood
Robinhood is our top pick overall because it’s easy to get started and offers a wide range of commission-free investments. You can start with as little as $1 and invest in stocks, ETFs, and even cryptocurrencies. With no account minimums, this app is accessible for everyone. But keep in mind, Robinhood is for self-directed investors, so you won’t get expert advice through the app. Also, it bans day trading and has restrictions on certain securities.
Best for No Fees: M1 Finance
M1 Finance stands out for having no monthly management fees or trading costs. It allows you to create portfolios, or "pies," which can include a mix of ETFs and stocks aligned with specific themes. You need at least $100 to start investing, and the app supports buying fractional shares, enabling a diversified portfolio with a small amount of money.
Best for Real Estate: Fundrise
Fundrise is easy to use and lets you invest in commercial real estate without needing to be a high-net-worth individual. It has low initial investment requirements and offers various options, from $10 to $5,000. There is an annual fee of about 1%, and you’ll need to stick with your chosen investments until they pay out.
Best for Beginning Investors: Acorns
Acorns simplifies investing by rounding up your purchases and investing the change. This "spare change" method helps you build investments over time with minimal effort. With no minimum initial investments and fees starting at $1 per month, it’s an excellent option for beginners. You can even invest in a Bitcoin ETF through Acorns.
Best Multi-Use App: Cash App
Cash App is versatile—you can make purchases with a customized debit card, send money to friends, and invest in fractional shares or crypto. It also offers features like early direct deposits and fee-free ATM withdrawals if you deposit at least $300 each month.
Best Robo-Advisor Option: Betterment
Betterment is the largest independent robo-advisor and is great for investors of all levels. This fiduciary service creates and manages portfolios based on your risk tolerance and goals. It offers automated investing, IRAs, and a future-ready crypto investment program. Betterment periodically rebalances your portfolio and reinvests dividends.
Best for Investing Tools: Personal Capital
Personal Capital offers both premium wealth management services and free financial tools. It provides robo-advisor features as well as more extensive financial advice. The premium service has fees starting at 0.89% per year, but the free software offers features like a 401(k) Fee Analyzer, Retirement Planner, and investment checkups.
Investment App Guide
If you’re excited to start investing, investment apps make it super easy and fast. Many allow you to get started with little or no money, and you can often buy fractional shares. Apps like Acorns and M1 Finance are great for beginners because they help you invest in curated portfolios with minimal starting capital.
Understanding the types of investment apps is crucial:
- Basic Investment Apps: Allow you to trade stocks, ETFs, and more, usually commission-free.
- Crypto Exchanges: Platforms specifically for buying and trading cryptocurrencies but some also let you earn interest or take out loans.
- Robo-Advisors: Offer expert financial advice and manage your portfolio for a fee.
How Do Investment Apps Work?
Investment apps function like online brokerage accounts but are mobile-friendly. Many offer additional features like notifications and banking options. Some even provide free stocks when you sign up and invest a minimum amount.
How to Find the Right Investment App
Choosing the right app involves considering your investment goals, preferred assets, willingness to pay for professional advice, and other factors like fees, account minimums, and app ratings.
How to Learn More About Investing
To become a better investor, read up on different investment options, like stocks, bonds, ETFs, and crypto. Resources like guides, articles, and reviews can provide valuable insights.
How We Found the Best Investment Apps for 2024
We evaluated investment options, features, fees, and minimum balance requirements to find the best apps. We also looked for apps that provide access to a wide range of investments, including expertly curated portfolios and crypto.
Summary of the Best Investment Apps for 2024
- Robinhood: Best Overall
- M1 Finance: Best for No Fees
- Fundrise: Best for Real Estate
- Acorns: Best for Beginning Investors
- Cash App: Best Multi-Use App
- Betterment: Best Robo-Advisor Option
- Personal Capital: Best for Investing Tools
