With today's best investment apps, your finances are just a few taps away on your mobile device. But the array of options and features can be overwhelming. To help you navigate through the sea of investment apps, we compared account minimums, investment offerings, fees, mobile app ratings, and more. Here are our picks of the best investment apps of 2023.
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Webull (Ticker: N/A) - Best for Beginners
Webull is an excellent choice for beginners looking to dip their toes into the world of investing. With its user-friendly interface and educational resources, Webull provides a seamless experience for new investors. Plus, it offers commission-free trading on stocks, options, and ETFs.
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Betterment (Ticker: N/A) - Best Robo-Advisor
If you prefer a hands-off approach to investing, Betterment is the app for you. As a leading robo-advisor, Betterment uses algorithms to create and manage a diversified portfolio based on your goals and risk tolerance. It also offers tax optimization and access to financial advisors.
TD Ameritrade (Ticker: AMTD) - Best for Advanced Traders
For more experienced investors, TD Ameritrade is a top choice. With its advanced trading platform, thinkorswim, TD Ameritrade provides a wealth of tools and resources for active traders. From customizable charts to advanced order types, this app caters to the needs of sophisticated investors.
eToro (Ticker: ETOR) - Best Social Trading Platform
eToro revolutionizes investing by combining social networking with trading. This platform allows users to follow and copy the trades of successful investors. It's a great way to learn from the pros and potentially earn profits. eToro also offers commission-free trading and a wide selection of assets.
Robinhood (Ticker: HOOD) - Best for Commission-Free Trading
Robinhood has been a trailblazer in the investment app space, popularizing commission-free trading. This app is perfect for cost-conscious investors who want to buy and sell stocks, options, and cryptocurrencies without paying any trading fees.
Fundrise (Ticker: N/A) - Best for Real Estate Investing
If you're interested in real estate investing, Fundrise is a fantastic option. It allows non-accredited investors to invest in private real estate deals and build a diversified portfolio of properties. Fundrise offers low fees and the potential for long-term returns.
Acorns (Ticker: N/A) - Best for Automated Saving and Investing
Acorns is ideal for those who struggle with saving and investing. This app rounds up your purchases to the nearest dollar and invests the spare change. It's a simple way to start investing without even thinking about it. Acorns also offers a range of portfolio options to match your risk tolerance.
M1 Finance (Ticker: N/A) - Best for Fractional Share Investing
M1 Finance allows investors to purchase fractional shares of stocks and ETFs with any amount of money. This feature makes it possible to invest in expensive stocks like Amazon or Google without needing to buy a whole share. M1 Finance also offers automated investing and a dynamic portfolio rebalancing feature.
In conclusion, the best investment apps of 2023 cater to investors of all levels and budgets. Whether you're a beginner looking for a user-friendly platform or an experienced trader seeking advanced tools, there is an app that suits your needs. With these top investment apps, trading and investing are more accessible than ever before. Start growing your wealth today.
