Investing apps allow you to manage your portfolio and buy or sell investments via mobile app. Here are NerdWallet's picks for the best stock investing apps on the market.
Until recently, the idea of managing stocks and shares from your mobile device – in effect, having a dealing room in your pocket – would have been considered science fiction. However, with the advent of technology and the rise of investment apps, this is now a reality. Mobile stock trading apps allow investors to manage their portfolios on the go, giving them the flexibility to buy or sell investments from anywhere, at any time.
In a crowded market, it can be difficult to know which stock investing app is right for you. To help you make an informed decision, we compared account minimums, investment offerings, fees, mobile app ratings, and more.
Robinhood is the best choice for fees and investment options, but Stash caters to both DIY traders and hands-off investors. Robinhood's mobile app is user-friendly and offers commission-free trading, making it a good choice for investors who are just starting out. Stash, on the other hand, offers a range of investment options, including fractional shares, and allows investors to build a diversified portfolio with just a few taps.
Acorns is another popular stock investing app that rounds up your purchases and invests the spare change. This app is perfect for beginners who want to invest but don't have a lot of money to start with. Acorns also offers a range of educational resources and investment tools to help investors make informed decisions.
For those interested in sustainable investing, there are a number of apps that offer impact investing options. Swell Investing is one of the best impact investing apps, offering a range of portfolios that focus on companies making a positive impact on the world. In addition to offering socially responsible investments, Swell also has low fees and a user-friendly mobile app.
For more experienced investors, TD Ameritrade and E*TRADE are both popular choices. These apps offer a range of investment options, including stocks, bonds, and ETFs, and have advanced trading tools for more experienced investors. TD Ameritrade's Thinkorswim platform is particularly popular among active traders.
For those looking for a more hands-off approach to investing, Betterment and Wealthfront are both good options. These robo-advisors use algorithms to create and manage a diversified portfolio for investors. Betterment is known for its low fees and tax-loss harvesting tool, while Wealthfront offers a range of investment options, including a high-yield savings account.
In addition to these popular stock investing apps, there are a number of user-friendly apps that are perfect for beginner investors. Robinhood, Stash, and Acorns are all great options for those just starting out, as they offer low fees and a range of investment options. Other beginner-friendly apps include Stockpile, which allows investors to buy fractional shares of stocks, and SoFi Invest, which offers commission-free trading and a range of ETFs.
Overall, there are a number of great stock investing apps on the market, each with its own unique features and benefits. Whether you're a beginner investor looking to get started or a more experienced investor looking for advanced trading tools, there's an app out there for you.
