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There are countless business apps to choose from, but only a few deserve your attention. I’ve tried them all, so there’s no need.
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In addition to the ability to buy and sell stocks without commission, the best investment apps give you:
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I have spent the last 5 years working for various fintech companies and have personally used and reviewed the top savings apps on the market.
EToro is the best app for buying stocks for most users because it provides access to stocks, ETFs, cryptocurrencies and other assets from anywhere in the world (with with some exceptions in the United States).
Its features and user interface make it useful for beginners, experienced traders, long-term buy-and-hold investors and everyone in between.
EToro has over 20 million users in over 140 countries. With its wide and experienced users, the social trading function allows you to connect with other investors and stay up-to-date with the latest market trends.
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If you are a new investor, CopyTraderal allows you to view the performance data of experienced investors and copy their portfolios. Additionally, the eToro stock simulator provides $100,000 worth of virtual currency to improve your investing skills so you can get to know the market well before investing your own money.
For more experienced investors and traders, eToro allows you to buy and sell multiple asset classes and invest in markets around the world.
EToro is a versatile investment platform. The value of your investment may go up or down. The capital is at risk.
Best for: M1 Finance is the best stock app for beginners and intermediate investors who want to invest in individual stocks and ETFs.
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M1 Finance is beautifully designed and created with one goal in mind: to help you build lasting wealth. It does this with built-in automation and an interface that helps you ignore the day-to-day market changes.
M1 Pies allows you to set a target portfolio mix. Every time you make a new deposit (which you can automate), the app automatically buys the value of each position in your portfolio to keep your portfolio balanced.
Let’s say your portfolio consists of 25% AAPL, MSFT, TSLA and VT and you have $500 in monthly deposits. After you place a car, M1 Finance will automatically divide $500 into 4 parts and buy AAPL, MSFT, TSLA and VT $125. You can do this every month without lifting a finger.
In addition to offering individual brokerage accounts, M1 Finance allows retirement accounts such as traditional and Roth accounts, SEP IRAs and Trust accounts.
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Like eToro, M1 Finance also offers social finance features. You can easily share a link to Piesto to show your friends exactly what you’re up to.
The company also offers features to handle all your finances: loans, checking accounts and debit cards. These assets are covered by SIPC and FDIC insurance.
Best for: Betterment is the best stock market app for anyone who wants a comprehensive approach to investing and saving.
If you don’t want to figure out your own asset allocation, asset placement, risk/reward profile, and countless other hurdles to building your own portfolio, Bettermentis is for you.
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In just a few minutes, you can fill out Betterment’s survey about how much you invest, your goals, your schedule, and how conservatively you want to invest.
It will build an affordable and diversified portfolio of ETFs that, based on your research, gives you the best chance of achieving your long-term goals. You can then set up automated placements that are automatically applied to your portfolio.
Here’s the deal: Betterment gives you 95% of what a good financial advisor would do for you for 25% of the cost (and puts you in the driver’s seat).
Even as an active investor and financial professional, Bettermentment is an exciting option that I’ve been seriously considering. If you’re not interested in becoming a financial nerd, I can’t recommend Bettermentenough enough.
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Thinkorswim has a user base that is the exact opposite of Betterment: It caters to daily active stock pickers. Rated as one of the best day trading platforms for 2023.
TD Ameritrade has managed to incorporate most of the functionality of the desktop platform into the app and still makes it easy to use.
You can create charts using the drawing tool, add metrics and speeds, check time and sales data and execute orders within the app.
If you are a day trader and want to use a mobile app, there is no other option.
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TD Ameritrade gets this rating for a reason: The design of the application and its experience does not feel like a dream – it is purpose-built and feels more like fintech products (like M1 Finance or Robinhood ) than the former competitor.
If you like the old broker experience and want to start managing your portfolio on your phone instead of your laptop, the TD Ameritrade mobile app is definitely worth switching from the competition.
If you’re choosing an old brokerage to set up an investment account and you’re making decisions based on a mobile app, choose TD Ameritrade. If you already have a Fidelity account or still do most of your trading on a computer, Fidelity is a solid second choice.
Fidelity has the same features as TD Ameritrade and gives investors access to the same asset class. You can choose the Fidelity interface over the TD interface – if that’s true, go ahead and use Fidelity.
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However, Fidelity does not have trading tools comparable to TD’s thinkorswim platform, so day and swing traders are better off opening an account with TD. Additionally, although it has specific educational content, it lacks the knowledge found in TD. For more information, see our full Fidelity vs TD Ameritrade comparison.
Best for: Schwabis is the best trading app for Schwab account holders and those in or near retirement age.
Like Fidelity, Schwabis is another broker that I don’t necessarily prefer over the other options, but I wouldn’t choose it over the options above.
Many of the portfolio analysis tools and other features were built with retirees in mind. Additionally, their web dashboard is easy to navigate and easy to use.
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Nothing wrong with Schwab – it’s a very strong brokerage, has a good reputation and gets top marks for customer service.
If you don’t really value the mobile experience, I wouldn’t move my money to Charles Schwab.
Interactive Brokers is specially designed for active investors with good trading experience – its setup and features are not suitable for beginners.
The brokerage serves a narrow group of traders. If you looked at the reviews and thought this was the right choice for you, you might be right.
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Interactive Brokersputs, however, runs on form – its website (and especially its app) is difficult to navigate. You should have a good understanding of your actual trading and expect a learning curve when you start using IB.
Although the exact process may be slightly different, the purpose of the 2 services is the same: Automatic saving and investing.
I prefer Betterment’s investment management and user interface. Betterment’s minimum is only $10, compared to Wealthfront’s much higher $500.
But if account minimums aren’t an issue, many Wealthfrontus users swear by the service — you really can’t go wrong with either option.
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Anyway, I really believe in robo-advisors – these services give at least 10x their value, in some cases much more.
The tastyworksas platform is similar to Interactive Brokers – although it may be a niche brokerage, it has loyal users.
Tastyworks was built by active marketers for active marketers. The founding team is all experienced marketers who were not 100% satisfied with existing solutions – so they created their own.
In fact, this is the team that founded thinkorswim, which was bought by TD Ameritrade for $750 million.
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Designed for new investors, Robinhood is the best app for buying and selling stocks on their mobile devices. It serves this purpose very well.
While it’s a great app to get people new to stock market investing excited, Robinhood has some limitations.
Robinhood offers a private brokerage account – there is no way to open a retirement account. As most seasoned investors know, taxes can play a big role in long-term investment performance and can weigh down your portfolio.
Additionally, Robinhood’s “slot” feel, while exciting, can hinder your long-term returns. It makes it easy to access the options without knowing the most reliable selection strategy.
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Robinhood is great for new investors, but should be replaced by apps higher on this list. See eToro vs Robinhood for a full comparison.
Acorn allows you to take advantage of your change by ‘converting’ the purchase price and investing the difference.
Acorns works like this: You buy a coffee for $3.57, exchange