Best 15 Investment 💰Apps to Have on your phone [2020]
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Top 15 Investment 💰Apps to Have on your Phone [2020]

If making money sounds sweet, then its sweeter if you do it on your phone with these investment apps

Top 15 Investment 💰Apps to Have on your Phone [2020]

If you don’t find a way to make money as you sleep, you’ll work until the day you die. This is Warren Buffet’s sentiment when it comes to investing, a practice he’s preached to the tune of a billion-dollar fortune. But while Warren had the aspirational objective to pursue investment as a career, we understand not all are meant to walk the same road to multiply savings. And so we thought to spoon-feed the beloved reader, with our top picks for investment apps, that’ll do the bidding for you in 2020.

Best Investment Apps for 2020

These top investing apps make the daunting task of reading stock market essentials and cashing in on split-second windows of money-making a profitable experience.

1. Robinhood - Best Investment App for Newbies

Check out: Detailed Robinhood App Review

This investment app tops the charts especially amongst beginners flirting with the idea of putting their money to play. Invest in stocks, options as well as in cryptocurrencies. It is free to sign-up with the user being awarded a free stock upon registration. Refer a friend, whose successful conversion as a registered user will earn you another stock. Keep at it and you can earn as much as $500 in free stock by simply referring and growing the app.

Robinhood - Best Investment Apps

Notable Features of this stock investing app

  • Zero Commissions on trades
  • Instant deposits instead of a 3-day turn around period
  • Push notifications to keep you updated
  • Trade Cryptocurrencies with instant settlement
  • Gold Membership offers benefits like after-hour trading
  • Sync with your smartwatch

A $0 fee lets individuals hold stocks for longer. However, as the trades are managed by users, instead of brokers, the income gained becomes taxable.

Download for Android & iOS

2. Acorns - Best Investment App for Part-Timers

Check out: Detailed Acorns App Review

Acorns is best suited to people who have a basic understanding of the capital markets. This investment app targets that penny-change lying idle in your savings account. On downloading, users link their bank accounts to the app and answer a few questions. As you use the card linked to that account for everyday purchases Acorns rounds-up the money to the nearest dollar and keeps a track until the sum total of those come up to $5. It is then that this investment app invests the money into ETFs, Exchange Traded Funds.

Acorns - Best Investment Apps

Best features of this stock investing app for beginners are

  • Monthly $1 Fee for balances under $1 million
  • Investing as little as $5
  • Automated investment as per user profile
  • 7000 stocks and bonds to invest through ETFs
  • The Acorns Later feature, lets you save for retirement
  • Access to the Acorns Spend debit card

Accredited users are charged $100 for every $1 million they invest after touching the threshold of $1 million for the first time. Acorns wins hands-down against conventional portfolio advisory services as they have a minimum balance threshold of $25,000 with a fee of up to 1.25%.

Download for Android & iOS

3. Stash - Best Investment App for DIY Investors

For lone wolves, or contrarian investors whose investment decisions are based on weeks of research, Stash is the perfect investment app. It lets you automate amounts that’ll be invested weekly/monthly to either individual stocks or the 150 ETFs which Stash associates with. The app recommends guides to further embolden your financial know-how. The minimum account balance requirements are fixed at $5.

Stash - Best Investment Apps

The best features of this wealth management app are

  • Allows a retirement account
  • Account Subscription starts at $1
  • No investment Fee for stocks.
  • Expense ratios for ETFs are 0.30.%
  • Zero fees for inactivity and on outgoing transfers
  • Custodial Accounts for Parents introducing children to investing
  • Stock Back Rewards Program

The Stash Coach feature of the app serves to balance and diversify risk in a portfolio. Right before account set up, users answer questions that let Stash bots identify risk tolerance. The bots suggest guides to broaden the knowledge but the call to place the funds belongs to the customer.

Download for Android & iOS

4. E*Trade - Best Investment App for Experts

The E*Trade app allows trading securities such as stocks, ETFs, mutual funds & options. The informational library of this investment app is geared to cater to professional traders as well as beginners, although, E*Trade charges higher commissions. Yet, the charts and stock analysis they serve is as in-depth as you’ll find anywhere else.

E*Trade - Best Investment Apps

Best features of this investment management app are

  • No minimum account Balance
  • Free ETF Trades
  • No Base commissions on option trades
  • No Transaction Fee Mutual Funds - 4,400
  • 3 platforms for trading E*Trade, Web, Power E*Trade & E*Trade pro
  • 24/7 Active customer support

With state of the art service levels, the investment app charges $75 fee on outgoing transfers. E*Trade is also the owner of OptionsHouse, another stock and options trading app.

Download for Android & iOS

5. Charles Schwab - Best Investment App for a Banking

Charles Schab is a multi-functional banking-cum-investment app. Authenticated customers can deposit checks, transfer money and make investments, all with the same user interface. Not just android and iOS, but you can even log in to your Amazon Fire devices to manage portfolio via this investment app. Charles Schwab even makes it possible for you to pay your bills through the same app with which you create your portfolio.

Charles Schwab - Best Investment Apps

The best features of this investment tracking app are

  • $0 minimum account allowed
  • No annual/inactivity fee
  • No base commissions
  • Free & in-depth research
  • 24/7 Customer Support

With a large fund selection, people who are particular about the look and feel of the application would love investing with Charles Shwab.

Download for Android & iOS

6. Trade Hero - Best Investment App for Students

Yes, there is one for this audience as well. Trade Hero is a market simulator mimicking financial markets in real-time and allowing gamers to stake $100,000 virtual money. With no risk of loss, you can put your theories to test and see how it goes. Trade Hero added a LIVE feature which lets you stake real money, something that users need to be wary of. The game lets you learn from observing others trade, but there’s a caveat, you need to shell out $1.99/month for such access.

Trade Hero - Best Investment Apps

Best features of an app that enables investment learning

  • Free
  • Real-time market simulation
  • Place trades on 14 exchanges
  • The app allows long-only investments

Trade Hero is a good starting point to set crucial fundamentals of investment right. The investment app could pose intermittent lags in price updates, but nevertheless, convinces users to come over to the real end of the business i.e., minting real money.

Download Android & iOS

7. Stockpile - Best Investment App for Parents

Highly recommended that you check out this investment app, especially, before Thanks Giving. Who knows with Stockpiles’ Stock-as-a-gift-card feature, you might end up gifting, something that is & will continue to grow in value. Moreover, if you’re a new user you get $5 to invest in cryptocurrencies like Bitcoin via Stockpiles ETFs. What if it actually reached $100,000!

Stockpile - Best Investment Apps

Best investment features of this trading app are 

  • Buy Shares for Gift cards
  • Low commissions on trades
  • Custodial Accounts
  • Over 1000 stocks including S&P 500
  • Buy American Depository Receipts to invest in foreign companies

With an investment account, you can buy stock with cash but will be charged $0.99 per transaction. To avoid foul play & fraudsters, Stockpile doesn’t permit penny stocks in addition to any other stock that trades below $6.

Download Android & iOS

8. TD Ameritrade Mobile - Best Investment App for Experts

With 364 branch locations within the states, you can’t help but list one of the largest brokers in the country. High trade fees are no pain point to customers who go with the trust this investment app backs thanks to its parent company. It’s even hard to point follies in the app’s mobile business, as the subsidiaries are institutionalized to target beginners as well as expert traders. TD Ameritrade Mobile for former and TD Ameritrade Mobile Trader for experts.

TD Ameritrade Mobile - Best Investment Apps

Notable Features of this app lending the best investment advice

  • Commission-Free ETFs
  • 4,000 No Transaction Fee Mutual Funds
  • Trade Forex, Foreign ADRs, IPOs and much more
  • Best in class customer support

It’s important we bring out how much customer support and feedback, is valued at Ameritrade. Users can choose between the Facebook messenger, iPhone message app, Amazon Alexa/Apple Business chat services to seek professional assistance.

Download for Android & iOS

9. Round - Best Investment App for Institutional investors

Round is high profile institutional investing, hence more than just an investment app. It was founded to re-introduce the ‘human’ in broking. The parent company partners with wealth managers who relentlessly seek to outperform average market returns. To name a few we have Highland Capital, Cohen & Steers, Brookfield and Doubleline. They charge a fixed 0.5% management fee if the trade makes a profit, irrespective of the account size, which is waived if the trade ends up being a loss.

Round - Best Investment Apps

Notable Features of the app overtaking money market consulting

  • Minimum Account threshold $5
  • Invest in corporate bonds, real estate, Large company stocks
  • SIPC secured accounts up to $500,000
  • User-Friendly Interface
  • Customized Insights from top-end managers

Round is an active investment portal which though has its risks, shines in the eyes of high net worth individuals. So if you are wealthy (god bless), don’t think twice before counting on Round. This app is available only on iOS.

Download for iOS

10. Wealthfront - Best Investment App for Robotics Lovers

Automated wealth management at its best. Wealthfront was established in 2011, and since then its Assets Under Management have grown upwards of $21 Billion. Using the Modern Portfolio Theory, Wealthfront allocates your capital to a pool of ETFs as per your risk tolerance. Investors can choose between home-ownership, retirement, travel or college as their set goal before depositing funds for portfolio build-up.

Wealthfront - Best Investment Apps

Notable Features

  • Open a cash account with just $1
  • Free Accounts under $5,000
  • Risk Parity Options
  • Fund transfer secured with 2FA
  • Free Financial Planning Guidance

Wealthfront ranks high for those willing to risk a little in order to be rewarded well. The investment app even offers tax saving plans while making good profits. Make the most that Wealthfront has to offer, just like the best in the business do!

2020 is right upon us, and with this curated list of top investing apps you can lay back relax and sip that cup of coffee, as you’re portfolio makes money, even as you sleep.

Download For Android & iOS

11. Fundrise - Best Investment App for Real Estate Investment

There are a few of us who are fussy about choosing the right bond or stock worth its hype. And then there are those whose area of expertise is restricted to industries with limited but promising access for investment, like real estate. For either, Fundrise is a godsend investment app, specializing in private real estate. Their fact-bound theory, is that institutional investing founded in alternative classes of investments outperform the market. 

Fundrise - Best Investment App

It is one of the topmost apps to invest money in private markets with features like:

  • Minimum investment $500 
  • Reduced costs to investors
  • IRA, Individual Retirement Accounts ($75 annually)
  • 0.85% annual asset management fee 
  • 0.15% annual advisory fee

With average capital return horizons hovering between 3-7 years, a trailing annualized 20 year return for private market is 12.3% against the 8.2% of public private. This is enough food for thought for people demanding assures, but relatively late returns.        

Download for iOS

12. Vanguard - Best Investment App for ETF Maximisation 

They lead their contemporaries in refining ETF alternatives for customers. Vanguard is streamlined in investment design towards Called Position Trading i.e., buying a stock and holding for longer periods. For natural reasons therefore, investors bear reduced expense ratios. This investment management app has 1800 ETFs to choose from with no fees on online transactions.

Vanguard - Best Investment App

Being one of the best apps to invest money in ETFs, here are its additional features:

  • $1000 Fund Minimum
  • No Fees for account closure/inactivity/transfers 
  • 3000+ commission free mutual funds
  • Customer Support
  • Free Research 

While Vanguard excels in ETFs, it regulatory impositions on active trading make daily traders stray away from the app. For it has variable slabs for the same. Which is why Vanguards’ safe haven of investments is best kept limited to ETFs. 

Download for Android & iOS

13. WealthSimple - Best Investment App for Moralists 

Wealthsimple is your automated-financial planner reflecting its social ethos with ETF holdings identified with low carbon footprint businesses, cleantech, human rights, and environment. The app has a refer-to-friend feature that allows newly registered users to have their first $10,000 managed for free. As a top investing app, Wealthfront’s auto-pilot features are programmed to pin-point precision, wherein they reinvest dividend gains and balance portfolio distribution as per the market trends.

WealthSimple - Best Investment App

Additional features of this stock investing app include:

  • Commission Free Stock Trading
  • Easy onboarding process
  • Halal Investment for pious Islamics 
  • 0.25% management Fee 
  • No account minimums 
  • CIPF protection for balances up to $1 million

Wealthsimple has 175,000 people trusting its services having AUM worth $5 Billion through its platform. Join like-minded partisans, sharing the same values as you, participating in Socially Responsible Investments worldwide.  

Download for Android & iOS

14. Personal Capital - Probably the Best Robo-Investment App

Founded in 2009, Personal Capital is one of the most successful Fin-tech products of the last decade. Its services rely heavily on a combination of data driven methodologies and expert assistance with $8 billion worth of AUMs under its belt. It gives little to complain about, offering automated rebalancing, Tax loss harvesting, smart indexing and much more. 

Personal Capital - Best Investment App

For many, Personal Capital is one of the top investing apps out there, with additional features like:

  • Free Joining
  • Retirement Planner
  • Investment Checkups 
  • Automated Advice
  • 401(k) Assistance 
  • 24/7 Email Customer Support

It requires a minimum investment of $100,000. The first $1 million accords a wealth management fees of 0.89%, with the same reducing as your investments continue to increase. 

Download for Android & iOS

15. Ally Invest - Best Investment App for Freebies

Ally Invest has, arguably, the best promotional offers on the market out of all the stock investing apps mentioned above. For the first $10,000 that you invest, they give you $50 cash bonus. For higher deposits the bonuses tend to touch $3,500. People can trade securities like stocks, bonds, mutual funds, options & Forex. 

Ally Invest - Best Investment App

Additional features of this investment app include: 

  • No minimum account balance
  • No Stock Trading costs
  • No account inactivity Fees
  • 24/7 online chat support
  • Free Research Advisory      

Ally Invest attributes special emphasis to land and convery daily traders into its loyal fanbase. Anyone who wants to get in without bearing transactional charges would find Ally Invest as one of the best apps to invest money with. 

Download for Android & iOS

2020 is right upon us, and with this curated list of top investing apps you can lay back relax and sip that cup of coffee, as you’re portfolio makes money, even as you sleep.

General FAQ

  • What is the best investment app for beginners?
  • Best Investment App for iPhone?
  • What are the types of investments?
  • Which investments have the best returns?
Vikram <span>Content Manager</span>
Written By
Vikram Content Manager

Vikram is an experienced wunderkind, who embraced technology at a very early age, and today he is at the helm of it. Mobile apps are something that excites him the most, and now he is up to give this vertical the best shot. He routinely catches up with the new apps and comes up with the top apps that can excite you to the core.

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