Compare the top 9 best investing apps in 2024

We asked a panel of Invezz investing experts to rate and review the best investment apps. Compare their best features and find out which app came out on top.
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Updated: Apr 4, 2024
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CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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Forget desktop platforms, spreadsheets, and financial advisors. The investing world has gone mobile and today’s landscape is all about accessibility, empowerment, and speed. Investing apps are changing the way we manage our portfolios. But with an almost endless app store to choose from, how do you find the perfect app?

This is where we come in. Our team of financial experts are regular users of investing apps. We’ve evaluated a wide range of investing apps and put them through their paces to find the very best. 

We’ve looked at lots of criteria including fees, investment options, educational features, security, and more. Not only have we tested these apps, but we’ve also taken into account real customer reviews to help you find the best investment app in 2024. 

Best investment apps overall for 2024

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  1. Plus500: Best for international CFD trading*
  2. Public: Best for sharing beginner trading ideas
  3. Degiro: Best for 0% commission on US stocks

What is the best investment app?

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Sort by:

1
Min. Deposit
$ 100
Best offer
User Score
10
Trade +2000 CFDs on Shares, Options, Commodities & more
Unlimited risk-free Demo Account
0 commissions & attractive spreads with up to 1:5 leverage
Start Trading
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2
Min. Deposit
$ 1
Best offer
User Score
9.9
Invest spare change automatically, set aside money from each paycheck and earn more
Access smart portfolios designed by experts, that adjust automatically as you and your money grow
Backed by leading investors and innovators, from Blackrock to CNBC, and chosen by more than 8 million people
Start Trading
Payment Methods:
Full Regulations:
3
Min. Deposit
$ 0
Best offer
User Score
9.6
Get insights from millions of investors, creators, and analysts
Build your portfolio of stocks, ETFs, and crypto–all in one place
No minimum deposit
Start Trading
Payment Methods:
Bank Wire, Check, Debit Card, Wire Transfer
Full Regulations:
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

Top 9 investment apps, reviewed

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1. Plus500. Best for international CFD trading*

From 0.08%

Fees

$100

Minimum deposit

3,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Can get a free demo account A great mobile platform Well regulated in multiple jurisdictions Wide variety of CFDs to trade Several good risk management tools
No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to over 2800 instruments, including CFDs on stocks, forex, commodities, and cryptocurrencies among several others.

Plus500 has something for all types of traders, no matter what level of experience. It’s zero commission and tight spreads make it a top choice for day traders and its trading academy is packed with educational content, perfect for beginners just starting. 

For accurate instrument availability, visit plus500.com.

The fees: There are no commission fees on any trades with Plus500 and it makes it money through the Bid/Ask spread. Spread starts from 0.01% or 0.9 pips and varies depending on the instrument. Additional fees include overnight funding which is dependant on trade size and guaranteed stop orders, which add a minimum of 10% to the spread. There is an inactivity charge of £10 per month for accounts not logged in for three months. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

Visit Plus500 Plus500 Review

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. Public. Best for sharing beginner trading ideas

public.com logo

...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Commission free stock and ETF investing Share and compare your portfolio on a social trading platform Trade crypto, fractional shares, and alternative investments
You can't trade on margin or use leverage No forex, options, funds, metals, or bonds

Overview

We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.

Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.

The fees: There are no fees for investing in stocks during regular trading hours in the US – 9.30am-4pm EST. There is a $2.99 fee for trades outside of regular hours. Alternative investments, including cryptocurrency, are charged a 2.5% fee per transaction.

Highlights

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Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

3. Degiro. Best for 0% commission on US stocks

...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Low trading fees No minimum deposit required Segregated client funds
No US customers No forex or cryptocurrencies offered for trading Limited educational resources

Overview

We love Degiro because it offers a simple trading platform so that you can trade quickly and easily wherever you are. Degiro offers trading on 900 stocks, 200 ETFs, and over 1000 futures and options in 30 countries, including the US, UK, and all leading European markets. 

Degiro has won 86 international awards and is one of the largest companies in Germany. All its services are available online or via the Degiro app. The website also boasts a huge range of educational material, including an Investor’s Academy, to help you get started.

The fees: All stock trades come with a €1 handling fee. US stock trading has no other fees, UK stock trading costs $1.75, and European stock trading costs €3.90. The rest of the world costs €5. A core selection of ETFs are free to trade, other global ETFs cost €2 plus a €1 handling fee. Derivative trading costs €0.75. There are no inactivity, deposit, or withdrawal fees.

Highlights

Visit DEGIRO DEGIRO Review

Investing involves risk of loss

What is an investment app?

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An investing app is a software application designed to run on mobile devices, such as smartphones and tablets, allowing individuals to manage their investment portfolios, trade stocks, bonds, mutual funds, ETFs (Exchange-Traded Funds), and other financial instruments directly from their devices.

These apps aim to make investing more accessible, convenient, and efficient for users, offering a range of features that can include trading, social trading, and portfolio management.

How do investment apps work?

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Investment apps connect you to the financial markets via your smartphone or tablet and there are two main types: active and passive. Active apps give you complete control over how you invest your money. Passive investment apps automatically invest your money. 

1. Active

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Active apps give you complete control over how you invest your money. Active investing is when you decide what to buy or sell and take a proactive role in managing your investment account. Using an active investment app is easy; all you need to do is download the application to your mobile device, create an account, and deposit funds. 

When your account is funded, you can start investing in whatever assets are available on the platform. Active investment apps are usually an additional way to access an account with an online brokerage firm, so you’ll also be able to manage your investments using a computer. 

2. Passive

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Passive investment apps are usually called robo-advisors or micro-investing apps. They work in a similar way to active apps and require you to download an application to your mobile device. A robo advisor works by analysing your investment goals and risk then uses AI technology to invest automatically into stocks, funds, and ETFs.

Micro-investing apps also automatically invest your funds into various assets depending on your goals and risk. Although rather than requiring a lump sum or regular deposits, the app connects to your bank account (through open banking), rounds up your everyday spending (to the nearest dollar), and invests the difference, which makes it a great option if you want to invest with little money to start with.

The different types of investment apps

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Investment apps come in all shapes and sizes, although they generally fall into two categories; DIY or Robo-advisor. DIY investment apps give full control over your investing account to the user. Robo-advisors take a different approach and use technology to invest automatically on your behalf. Here is a brief description of the most common apps and what they offer.

  • DIY investing apps. These types of apps give you full control over your investment portfolio. They’re generally offered by the best online investment platforms, which let you invest how and when you want. DIY investment apps are the easiest way to manage your portfolio while using your expertise to make wealth management decisions. 
  • Robo advisors. Robo-advisors use software and AI to make investments automatically for you based on your answers to a series of questions. Automated investing works by providing a questionnaire that determines your goals and risk tolerance, and then investing money automatically based on your answers.
  • Micro investing apps. Micro investing apps allow you to save and invest your pennies. Micro investing apps are similar to robo-advisors in that everything can be automated based on a set of pre-determined investment goals. They work by investing small amounts of money (usually the remainder after rounding up your everyday purchases to the nearest dollar) into low cost stocks and ETFs.
  • Portfolio managers. These are apps that track your overall investment performance and let you manage your investment portfolio. You connect the app to your other investment accounts and it shows your profit and loss record all in one place. If you use multiple investment apps, then controlling it all through a portfolio manager is a good idea.

Here’s a look at the best investment apps and the types of services they offer.

Account type Plus500 accounts Acorns accounts Public accounts DEGIRO accounts
Trading platform Yes - - -
Crypto staking No - - -
Crypto wallet No - - -
Money management Yes - - -
Spread betting broker No - - -
View more > Plus500 > Acorns > Public > DEGIRO >

How should I choose an investment app?

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Every user will have a slightly different list of priorities when it comes to choosing an investing app, although low fees and reliability are usually high on the list. Below we’ve highlighted some of the key features to consider when choosing the best investing app. 

  • Fees. When it comes to investing, fees are unavoidable and something that needs to be taken into account. Some online brokerages charge commissions on every transaction, while others charge an annual management fee – it usually depends on whether you’ve chosen a DIY app or an automated investing platform. You may also pay the spread (the difference between the buy and sell price). Finding an investing app with low fees can help reduce your investment costs. 
  • Reliability. These days the majority of mobile applications offer a seamless experience, although some are better than others. If you’re planning to use an app to make investments then you’ll want to make sure it’s reliable. When downloading an investing app you can check out reviews on things like the Apple appstore or Google Play store. 
  • Assets. The best investing apps give users access to a wide range of financial instruments. Some apps are geared towards picking individual stocks, while others offer a wide selection of ETFs and mutual funds. Things like cryptocurrency investing have risen in popularity in recent times and lots of apps now let you buy and sell coins as well.
  • Security and regulation. Investment apps are regulated by local financial regulators, such as the Securities & Exchange Commission (SEC) in the US. Make sure the app you choose is regulated, as this protects you in case the app loses your money for any reason. In addition, when choosing an app, finding one which offers Two-Factor Authentication (2FA) is a good way to boost your security. The best apps also have fingerprint and facial recognition unlocking features as well.
  • Web and desktop platforms. Sometimes your mobile app may go down, or you could lose your device. If this ever happens you’ll need to make sure you have a way to access your account. A good web or desktop platform will make this easier, so finding an investment broker with good online services is helpful. 
  • Operating system. The best investment apps for iOS and Android phones might be different. Check you can download the app through the App or Play Store before you sign up, and make sure all the features are available on the system you want to use.

What are the fees for investment apps?

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Some apps charge a commission on each transaction you make, so you may pay a fee each time you buy or sell. Others charge an annual management fee, usually as a percentage of the total amount of money you have invested.

Here’s a quick comparison of the best investing apps and the fees they charge for investing in different assets.

Asset Acorns fees
View more > Acorns >

How should I start investing?

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The right approach depends on your level of experience. Beginners should look for more hands-off investment opportunities, like trusts and funds or apps that take care of the process for you. Experienced investors might want more control.

Here is a summary of what you might want to invest in according to your experience level.

What to invest in for beginners

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Beginners should look to use the services of a robo advisor. Robo advisors are apps that make investments for you. When you sign up, you tell the platform how long you want to invest and how much risk you’re willing to take on. The app then uses that information to automate which stocks to buy and sell on your behalf.

A good example of this type of app is Nutmeg. Another option is to use a micro-investing app like Moneybox. It connects to your bank account, rounds up your spending each time you buy something, and then uses the extra to invest. So if you buy a cup of coffee for $2.50, it will round it up to $3 and use the extra $0.50 to invest.

If you want to choose your investments instead, then mutual funds and ETFs are often the easiest way to invest for novices, as you’ll gain exposure to lots of different stocks in one go. Use these funds to invest in major stock market indices, like the S&P 500, as these track stock market leaders from around the world, and tend to be the most stable long term investments.

Here’s a quick recap of the best way to invest as a beginner:

  • Use a robo advisor or micro investing app
  • Invest in large ETFs or mutual funds that track stock indices, such as the S&P 500
  • Use dollar-cost averaging to build wealth over time

How to start investing as a college student

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Students should look for low-cost investments and think about the long term, rather than trying to generate quick, short term returns. Here are some ways to put your student money to good use:

  • Use a spare change app. Apps like Moneybox allow you to invest your spare change, by rounding up the value of each of your purchases. If you buy a coffee in the student canteen for $1.50, you can round that up to $2 and put the spare $0.50 into your investment portfolio. Over time, this can build up into a decent-sized investment, without requiring much thought or too many sacrifices on your part.
  • Invest in fractional shares. Fractional shares offer a way to invest in some of the biggest companies across global financial markets, without the cost of buying a full share. Some stocks cost thousands just for a single share, which is out of reach for many students. Fractional shares let you invest in these stocks at a fraction of the cost, so you can own 1/10th of a share in Amazon, for example, rather than needing to find hundreds of pounds to invest.
  • Find stocks that pay dividends. Dividends are a great way to boost your total capital. Dividend-paying companies pay out a cash sum to shareholders a few times a year. It might only be a few cents per share, but over time that can build up and you can reinvest the money, creating a virtuous circle. Use an economic calendar to find out when each company pays out dividends.
  • Keep things simple. As a student who’s new to investing, it’s best to stick to simple investments, like blue-chip stocks and ETFs, rather than trying to invest in anything you find confusing. You can find ETFs (exchange traded funds) that track an entire index, like the S&P 500, that track major global indices with very little effort.

What to invest in for intermediate investors

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If you have invested previously and have some experience, you can take a more hands-on approach to your investments. That means picking out individual stocks to invest in and perhaps signing up to more than one investment app to gain access to lots of different investments and to shop around for the best price.

This form of investing requires more time and knowledge, but it gives you greater freedom over where your money is invested. Funds and ETFs are still good options, and you can think about finding ones that represent specific sectors; you might want to invest in a tech ETF to get broad exposure to the technology industry, for example.

Another option is to pick specific companies to invest in. The safest way is to choose established companies with a long track record of success. These tend to be the most stable and most likely to steadily increase in value over time, which is the key to long term wealth management. Look for companies that pay dividends as well, as they are a good way to add a bit extra to your investment.

Here’s a quick recap of what intermediate investors should invest in:

  • Use funds and ETFs to diversify
  • Buy stocks in large, stable companies
  • Look for stocks that pay dividends
  • Consider using a few different apps to get the best price

What to invest in for experienced investors

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More advanced investors can take more risks and create a balanced portfolio independently rather than relying on ready-made ones like ETFs. Consider investing in various assets and taking a few more chances on smaller companies with potential rather than just investing in the finished article.

A mobile investing account makes it extremely easy for experienced investors to decide where to put their money. Consider using more than one investment app to maximise your investing options, as this is usually the best way to spread your risk, whether that’s by investing in stocks from other countries or different assets like cryptocurrencies.

If you’ve been investing for a long time and are well-versed in the markets, you may want to consider investing in riskier assets. Growth stocks, penny stocks, and crypto coins can increase in value many times over but are proportionally more risky as a result. As long as you don’t rely on these entirely, they offer huge potential to grow your wealth.

Here’s a quick recap of what to do as an experienced investor:

  • Take control of your own investments
  • Invest in different assets, such as stocks, cryptocurrencies, and commodities
  • Balance risk and reward by investing in things with lots of potential, like growth stocks
  • Invest in assets in other countries to take advantage of emerging markets

Should I use an investment app?

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Yes, it’s a good idea to use an investing app. Apps make it easy to manage your investment portfolio when not at your desktop. Most people use a smartphone or tablet these days and downloading an investing app can save a lot of time when buying and selling financial instruments. Apps also give constant access to your investments and the ability to quickly make changes. 

Are investment apps safe?

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Yes, most investment apps are safe, although it is important to remember that you can still lose money while investing. Apps from brokers or service providers regulated by the proper governing bodies (like the SEC) are considered the safest.

While regulators can’t prevent you from losing money from your investments, they do provide compensation schemes which offer a safety net if an app goes out of business. In the US, that insurance scheme is the Securities Investor Protection Corporation (SIPC). Use the SIPC database to check if your app is protected as part of the scheme.

We highly recommend you use a regulated investing account and don’t deposit money to the platform until you have confirmed that it is both regulated and offers investor protection. Apps don’t have to be regulated in the US, and the more places a service is regulated around the world, the better. Here is a comparison of the top investing apps and where they are regulated.

Region Plus500 regulators Acorns regulators Public regulators DEGIRO regulators
Africa FSA - - -
Asia - - - -
Australasia ASIC, FMA - - -
Europe FCA, CySEC - - -
International - - - -
North America - - - -
South America - - - -
View more > Plus500 > Acorns > Public > DEGIRO >

What are the risks of using an investment app?

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With any investment, there is the risk of losing money. That’s why the golden rule is to never invest more than you can afford to lose; you can never predict exactly how a stock will perform and there are lots of factors outside of your control. If you don’t feel confident, then consult a personal financial advisor before investing any money.

Apps can be particularly dangerous because they’re so easy to use. When you can invest in a company instantly, wherever you are, it encourages you to make quick decisions without taking the time to research first.

It pays to set some strict guidelines that any stock must hit before you invest in it, so that you make decisions with a clear head rather than emotionally. Use the list of quick benefits and risks below to help you decide if an investment app is for you.

Benefits

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  • Easy access to your investment portfolio even when on the go
  • The ability to buy and sell thousands of assets from a smartphone or tablet
  • The latest market information at your fingertips
  • Most apps have the same features as desktop or web based platforms. 
  • Investment apps are free to download and use

Risks

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Choose an app now

Best investment apps: user reviews

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One of the easiest ways you can learn whether an investment app is worth downloading or not is by reading customer reviews. Sites like Trust Pilot often have thousands of reviews from existing customers which can help you decide whether an app has been useful to other investors.

Use the table below to find the latest review scores and rankings from some of the best known rating sites and app stores.

Review source Acorns rating
View more > Acorns >

Methodology: How we choose the best investment apps

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Helping people make better financial decisions is at the heart of our mission at Invezz. 

We periodically test more than 69 apps to provide our users with clear, accessible guidance on the investing options available. All testing is carried out by our panel of industry experts, analysts, and active traders who sign up to each app, conduct research, and score each investment service.

Our tests are designed to find apps that offer a beginner-friendly, secure investing experience at a fair price. To supplement our practical testing and experience, we research each mobile app to gather any further relevant information. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t.

Each app is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.

We work closely with individual apps to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process.

FAQs

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Sources & references
Risk disclaimer
Prash Raval
Financial Writer
Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.