With the advent of technology, investing has become easier than ever. There are a number of apps and websites that can help you make informed decisions about what to invest in and how to invest.
The best investment apps 2021 is a category that includes 12 different best investment apps. These are the best investment apps that will be released in 2021.
The world of internet investing is no longer limited to big desktop PCs. On the contrary, when on the go, investors may now access a variety of helpful investing applications at the touch of a button. Online platforms are now catering significantly to the mass mobile app market, whether you’re seeking to make a last-minute transaction in reaction to an important news event or check how your stock portfolio is doing.
With that stated, online investing app competition is increasingly intense, so you’ll need to select a platform that best suits your requirements.
Important Note: Before you begin investing, make sure you have paid off your debt (at least your high-interest debt) and have a strong emergency fund in place to cover unforeseen expenses without throwing your budget off.
2021’s Best Investment Apps
In this thorough post, we’ll go over everything you need to know about investing apps, including what they enable you to do, who they’re suited for, costs, and more!
Betterment: The Best Robo-Advisor in the United States
Betterment is an investing app designed for long-term investors who want to take advantage of a robo-ease. advisor’s If you have particular long-term investing objectives in mind, Betterment is also a good option. If you want to build a portfolio of steady companies and leave it alone for months (or longer), the platform’s robo-advisor can automatically rebalance your portfolio.
Betterment asks you about your investing goals and then adjusts your portfolio when opportunities occur. Stocks, bonds, ETFs, and more are available via Betterment.
Betterment is ideal for first-time investors since there are no account minimums and an annual cost of just 0.25 percent. If you’re a regular investor, you’ll just have to pay Betterment a 0.25 percent yearly fee, which is based on the overall amount of your portfolio. If you want to invest with a human certified planner, you will be charged a 0.40 percent yearly fee.
- A 0.25 percent yearly fee is charged.
- Robo-advisor-assisted rebalancing
- Long-term investors will love it.
- Not suitable for do-it-yourself investors
See our comprehensive Betterment review for additional information.
Best For Newbies: Stash
Stash is a low-cost investing software that enables you to deposit as little as $5. The platform is ideal for those who are just getting started in the financial world and wish to take it slowly. Although you may select your own investments on Stash, you can also create a portfolio based on an investing “theme.”
We also appreciate the app’s auto-stash feature, which enables you to automatically reinvest profits. Because of its substantial instructional material, Stash is also ideal for beginners. The material explains important investing concepts and techniques in a straightforward manner.
Fees: Stash has three different account levels, each with its own monthly cost. If you just need the essentials, you’ll only have to spend $1 each month. The top tier, which costs $9 per month, includes a metal debit card, investment accounts for your children, and a monthly market insights report. Stash does not charge any fees or charges on stock transactions, regardless of whatever option you choose, but you will have to pay a management fee on ETFs.
- Invest as little as $5.
- Monthly costs start at $1.
- On stock transactions, there are no fees or charges.
- The number of investment choices is restricted.
See our complete Stash Review article for additional information.
Acorns are the best way to invest your spare cash.
Acorns is an investing software that emphasizes on simplicity, making it perfect for individuals who are apprehensive about purchasing and selling assets on their phones. You won’t be able to purchase and sell individual equities on the site since it focuses on ETF portfolios. Instead, you’ll choose an ETF portfolio that best aligns with your long-term investing objectives.
Acorns also has a feature called “spare change,” which we enjoy. It rounds up your debit card transactions to the closest dollar and invests the difference in your portfolio.
Acorns does not charge any commissions or trading fees. Instead, it provides three monthly account levels, starting at $1, $2, and $3.
- The platform is really easy to use.
- Select from a variety of ETF portfolios.
- Monthly costs start at $1.
- Portfolios consisting only of ETFs have little flexibility.
To discover more, read our complete Acorns review.
Webull is the best option for active traders.
Webull may be worth considering if you’re a seasoned trader seeking to purchase and sell assets on a regular basis. The platform is best suited to individuals who are well-versed in technical analysis. (If you’re new to the game, Webull isn’t for you.)
The Webull investing software has a large number of stocks on its platform, and you can even go short.
Webull does not charge any commissions or fees on transactions, similar to the other investing apps we’ve covered so far. The only costs are those incurred while trading on margin.
- Professional traders will love it.
- There are many technical indications.
- There are no trading commissions or fees.
- New investors should avoid it.
See our entire Webull Review article for additional information.
Webull is now giving a fantastic new account sign up bonus. Webull will offer you two free stocks worth up to $1,400 to assist you get started once you join and fill your account.
SoFi Invest is the best place to buy fractional shares.
SoFi Invest is the best investing app for those who wish to purchase and sell little sums of money. You may buy a tiny part of a stock via the fractional shares it offers. Instead of purchasing a full Apple share for $264, you may acquire 0.05 percent of a share.
While such a modest investment won’t make you wealthy, it will at the very least enable you to learn the ins and outs of the markets in a real-money environment. You may also invest in ETFs using Stockpile.
Costs: There are no monthly fees associated with using SoFi Invest. All stock and ETF trading is also free of charge.
- Invest in fractional shares
- There are no monthly costs.
- Stock and ETF transactions with no commission
- Stocks and exchange-traded funds (ETFs) do not have a large collection.
To understand more about SoFi Invest, read our comprehensive SoFi Invest Review.
Robinhood is the best platform for cryptocurrency trading.
Over the last several years, Robinhood has established a strong reputation, not least because it was one of the first to provide fee-free trading. The platform provides access to a wide range of assets, including stocks, ETFs, options, and even cryptocurrency.
The simplicity with which you may get started with Robinhood is also noteworthy, with account installations often taking place the same day. Furthermore, Robinhood is appropriate for users of all levels of expertise, and the platform provides a decent variety of educational materials for those who need them.
Fees: There are no fees or charges on transactions with Robinhood. On basic accounts, there is no minimum deposit amount.
- There are no costs associated with purchasing and selling assets.
- On basic accounts, there is no minimum balance requirement.
- Investing choices are many.
- For $5 each month, you can get better research tools.
See our comprehensive Robinhood review for more information.
Wealthfront: Low-Cost Investing at Its Finest
Wealthfront is an all-in-one investing software that promises to passively assist you achieve your financial objectives. I You may link your daily accounts to the app so that it can evaluate your spending patterns.
It will then create a customized investing strategy depending on your risk tolerance. There are many pre-packaged ETF portfolios available, and the underlying software can automatically adjust your investments to match your requirements.
Fees: Wealthfront used to provide fee-free investment up to $10,000, however this pricing structure is no longer in place. Instead, you’ll pay 0.25 percent of your entire portfolio each year.
- Excellent for long-term investment.
- Portfolios depending on your risk tolerance
- Fees of just 0.25 percent per year are charged.
See our Wealthfront Review for a more in-depth look at the company.
M1 Finance is the best place to go for automated investing.
M1 Finance may be worth a look if you’re searching for a low-cost investment software that enables you to profit from automatic investing. M1 Finance enables you to select a pre-built portfolio template, despite the fact that the site supports DIY trading.
The robo-advisor will then make appropriate investments and, if necessary, rebalance the portfolio. M1 Finance offers you a lot more freedom when it comes to manually changing the strategy than other robo-advisor applications on the market, which is excellent.
Costs: There are no fees to trade with M1 Finance, and there is no yearly maintenance fee to utilize the robo-advisor service. To get started, you’ll need to deposit at least $100, or $500 if you want to establish a retirement account.
- Choose between do-it-yourself trading and robo-advisory services.
- There are no costs associated with trading.
- Portfolios that have already been created
See our whole M1 Finance Review article for additional information.
The best option for social investors is to go public.
Public is a stock and ETF trading app that was launched in 2017. The app is free to use, and Public, like many other online brokers, provides no-commission stock and ETF trading with no minimum deposit requirements.
Investing in the public sector adds a social dimension to the process. The program enables users to make their portfolios public so that you can see what other people are investing in. You may unlock popular portfolios by browsing the app.
One of the most appealing aspects of Public is the ability to purchase fractional shares, known as “slices.” Fractional shares are gaining a lot of traction since they enable you to trade expensive stocks like Amazon’s.
There are no costs connected with establishing an account. All stock and ETF transactions are also free of charge.
- Investing opportunities abound.
- Shares in fractions are available.
- There are no account minimums.
- Investment options are limited.
- Account types are limited.
To discover more, read our entire Public.com review.
Ellevest is the best option for female investors.
Ellevest is a robo-advisor that offers a wide range of financial services and products. Members get a discount on expert financial advice as well as free financial education. This robo-advisor was primarily concerned with the requirements of women.
Women’s lower earnings (i.e. gender pay income disparities), differing lifetime earning curves, and longer lifespans are all factors in the Ellevest algorithm.
Fees: You will not be charged a portion of your assets under management as a fee for having your account managed by the business. Ellevest, on the other hand, offers three distinct membership tiers. Ellevest Essential ($1 per month), Ellevest Plus ($5 per month), and Ellevest Executive ($9 per month) are the three levels of Ellevest membership.
- There are no account minimums.
- Educational materials are available.
- Financial advisors are available.
- There will be no tax loss harvesting.
- Only a few accounts are supported.
See our entire Ellevest Review article for additional information.
Wealthsimple: The Best Robo-Advisor in Canada
If you live in Canada and are looking for a top-notch robo-advisor investing software, Wealthsimple is the place to go. The platform focuses mainly on low-cost ETFs, with the robo-advisor constructing your portfolio based on your investing objectives. We appreciate that Wealthsimple enables you to have a long-term passive role in your investments by allowing you to have the robo-advisor automatically rebalance your portfolio and reinvest your dividend payments.
For Canadians, Wealthsimple now provides a roundup service, which allows you to put leftover change from a debit card transaction in a Wealthsimple portfolio.
Fees: Wealthsimple charges an annual maintenance fee depending on the amount of money you’ve put into the platform. This works out to 0.50 percent each year for account balances under $100,000. You’ll have to pay 0.40 percent on everything over that.
- Canada’s most popular investing app
- Portfolios of ETFs managed by a robo-advisor
- Change from debit cards is automatically invested.
- Annual fees of 0.50 percent are a little excessive.
To discover more about Wealthsimple, read our whole Wealthsimple Review.
Fundrise is the best platform for real estate investors.
Fundrise focuses on real estate, while the other investing apps we’ve covered so far have all focused on traditional equities and shares. Throughout a word, Fundrise offers you access to a portfolio of residential and commercial real estate in the United States.
When rental payments are received, as well as when the underlying properties improve in value, your portfolio will expand. Your Fundrise investment, on the other hand, is extremely illiquid, which means you won’t be able to access your money for at least 3-5 years.
Fundrise charges a 1% annual fee on your portfolio balance. A 0.15 percent maintenance charge and a 0.85 percent asset management fee are included. With a $500 investment, you can get started right now.
- From as little as $500, you may get access to the US real estate market.
- Make your own investing strategy.
- Rental payments and appreciation may be used to supplement your income.
- Highly illiquid – most investments take at least 3-5 years to pay off.
See our complete Fundrise Review article for additional information.
Best Investment Apps Frequently Asked Questions
These are the most often asked questions about the top investing apps for both novice and experienced investors.
What Are Investment Apps and How Do They Work?
A smartphone app that enables you to access the financial markets is known as an investing app. To put it another way, instead of picking up the phone or lugging about a heavy laptop, you can now purchase, sell, and trade assets with the touch of a button using an investing app. Not only does this make placing trades more easy, but it also allows you to access important marketplaces when you are away from home.
As an example, let’s suppose you own a lot of Apple shares. However, while driving, you come across a news article stating that Apple has just announced a significant drop in sales. As a result, Apple’s stock is expected to suffer a knock in the near term. While many of us will just “let it ride,” the astute investor will want to sell their position to prevent additional losses.
To do so, all you have to do is take out your phone, open your investing app, and cancel the transaction – all of which can be done in a matter of seconds and without leaving your house. It’s worth noting, though, that investing applications let you do a lot more than simply purchase and sell stocks. You basically have 24/7 access to the financial markets using investing applications. Some applications, for example, now enable you to configure real-time alerts, which means you’ll be informed as soon as a significant event occurs. This may be a significant price change in a certain stock or a news item involving Federal Reserve interest rates. Furthermore, investing apps usually have all of the same account features as a traditional desktop investment account. This covers everything from making deposits and withdrawals to contacting customer service and monitoring your portfolio’s performance. In fact, several investment platforms have chosen to become entirely app-based, demonstrating the growing importance of mobile investing.
How are the apps being compared?
The investing app market has become rather crowded, making it difficult to decide which investment app to use. We concentrated on a set of important criteria in order to offer you with an unbiased, accurate, and complete review of the applications we suggest.
First and foremost, the investing app must be properly licensed and have a variety of safeguards in place to guarantee that your money are kept secure at all times. We’ve also taken into account the different asset classes you may buy and sell, as well as the number of choices accessible. We’ve also taken into account the costs of utilizing the site, such as fees for buying and selling individual assets, as well as monthly or yearly fees.
Because every investor is different, we’ve taken account minimums into mind as well.
Which Investing App Should You Use?
As you may have seen, each platform has its own set of advantages and disadvantages, so you’ll need to figure out what you’re searching for in an investing app. Consider the following scenario: Are you searching for a beginner’s app that enables you to start with a modest investment? Is it more important to you to have a platform that lists hundreds of assets?
No two investing applications are same, regardless of your hobbies or objectives. While some investors like to have several accounts with different providers, it may be better to start with just one. You are not obligated to stay with the platform if you continue with a specific supplier and then decide they are not suitable for you. Instead, you have the option of transferring your money to a different investing app that better fits your investment objectives.
Is it Safe to Use Investing Apps? And, more importantly, are they genuine?
In terms of security, most investing apps have a variety of safeguards in place to guarantee that your account details are kept secure at all times. Some will even give you the option of using two-factor authentication, which requires you to input a unique code delivered to your phone or email every time you access your account. You’ll also be able to use your phone’s normal screen lock to prevent unwanted account access.
When it comes to the authenticity of the investing app provider, be sure that the platform has the necessary governmental approvals. It should be mentioned that investing platforms must adhere to the US Securities and Exchange Commission’s rules and regulations (SEC).
Do I Require the Services of a Financial Advisor?
Some consumer investing applications work on a “do-it-yourself” basis, which means you will be in charge of selecting your own assets. As a result, rather of depending on financial advice from a human investment expert, you’ll need to do extensive independent research prior to purchasing and selling assets. If you like talking to and working with people, robo-advisors may not be for you. However, if you’re a set-it-and-forget-it investor who just needs to rebalance your portfolio once in a while, robo-advisors may stand in for a conventional advisor.
All modern-day investors should think about using an investing app. Not only will you be able to trade while on the go, but you’ll also have instant access to important market data and be able to keep track of your investment portfolio. The investing app industry has grown tremendously as a result of this ease of access.
You must still make sure that the investing software you choose fits your long-term investment objectives. Consider the quantity of assets the supplier offers, as well as the costs you’ll have to pay to trade. Before you make a choice, take some time learning the ins and outs of the investing applications that may be right for you.
Frequently Asked Questions
Where should I invest in 2021 for beginners?
If you want to invest in the stock market, it is best to do so through an online broker. You can also invest in cryptocurrencies like Bitcoin or Ethereum, which are still very volatile and not recommended for beginners.
What are the best investing apps 2021?
The best investing apps for 2021 are the following:
What is the safest investment in 2021?
The safest investment in 2021 is to invest in a company that offers an investment plan with low fees.
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