Compare the best investing apps for students in 2022

This guide compares the best investing apps for college students and explains what young investors should look for in an app.
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Updated: Nov 15, 2022
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Our experts have reviewed the best investment apps for students. They rated each app according to how well it met the needs of young investors without much money to spend. We looked for investment apps that offered free investing, deposit bonuses, and lots of low cost, low effort investment options.

What are the best investing apps for students?

Here is a list of the top investing apps for college students. Each platform is cheap and offers plenty of guidance to help you get started. Sign up now by clicking the links below, or keep reading to learn more about investing as a student below.

1
Min. Deposit
$ 10
Promotion
User Score
10
Up to $240 bonus!
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA
Investoo Ltd is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc., as applicable. This compensation incentivizes Investoo Ltd to describe those products and services in favorable terms. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.
2
Min. Deposit
$ 100
Promotion
User Score
10
Trade out-of-hours on over 70+ US stocks
Get exposure to a wide range of popular UK, US and international stocks
Enjoy flexible access to more than 17,000 global markets, with reliable execution
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal
Full Regulations:
ASIC, FCA, FINMA, is a licensed bank (IG Bank in Switzerland)
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
3
Min. Deposit
$ 0
Promotion
User Score
9.5
$0 commission and $0 Options contract fees
Upgraded research with advanced charts
Smart Menus for faster trades
Start Trading
Payment Methods:
Full Regulations:
4
Min. Deposit
$ 500
Promotion
User Score
9.0
We offer one of the best execution speeds in the industry with low latency
Award-winning support in 14 languages
Trade with precision from 0.5 pips on EURUSD
Start Trading
Payment Methods:
Bank Transfer, Bank Wire, Credit Card, Debit Card, PayPal, Sofort, neteller, skrill
Full Regulations:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Top investing apps for students

1. eToro – Best overall app for students

eToro has a host of features and tools that make it the best choice for students. You can start your investment journey with a low initial deposit of just £10. The app gives you easy access to over 3000 financial instruments covering a range of markets. eToro’s best feature is its social trading tools. You can copy the trades of professionals giving you the opportunity to earn while you learn.

Sign up with eToro >

68% 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. Skilling – Best for experienced student investors

Skilling is another top rated investing app and is a good option for students with a little more experience. You can use Skilling on any of its three desktop platforms, or via its mobile app which incorporates the best features from its web based offerings. It lets you invest in CFDs for lots of markets like stocks and forex, or you can use its copy trading tools to invest in over 1000 ready made portfolios. 

Sign up with Skilling >

3. Nutmeg – Best robo-advisor for student investing

The Nutmeg app is a Robo-Advisor and is the easiest way for students to invest. All you have to do is deposit money into your account, fill in a questionnaire to determine your investing goals, and the app does the rest for you. If you’re short on time, or want a hand off approach, then Nutmeg is a good option. 

4. Capital.com – Best for student investing app for iPhones

Capital.com has a highly rated mobile investing app and according to lots of online reviews, it works particularly well on an iPhone. You can invest in and trade thousands of financial assets from stocks, forex, commodities, and even cryptocurrency. The app can be used for long term investing as well as short term trading as it has lots of analytical tools. 

Sign up with Capital.com >

5. Plus500 – Best for college students investing on Android

Students with an Android device can use the Plus500 investing app. Like most of the other apps we’ve listed here, you can invest in a wide range of assets on the app – Stocks, forex, ETFs, commodities, and a limited number of crypto coins. One of the key benefits of Plus500 is its strong regulation in multiple countries, giving you an extra safety net while investing your money. 

Sign up with Plus500 >

What is an investing app for students?

It is a mobile application that lets users manage their investment portfolios and buy or sell assets from a smartphone or tablet. Students can use any of the investing apps that are available, although some are better suited than others. There are two types of apps available, the first is known as a DIY app and the second a Robo-Advisor. 

As their name implies, DIY apps leave all the decisions to the users. When using an investing app of this nature you’ll have full control over what you invest in, how much you invest, and for how long. Robo-Advisors, on the other hand, offer a more hands-off approach. When using one the app will make all of the decisions for you and you can take a back seat. 

What makes a good investing app for students? 

Students have a slightly different set of requirements when it comes to selecting an investing app compared to more experienced investors. Students have time on their side although generally have less money to invest. So an app that accepts low deposits and offers the ability to grow as your portfolio does is recommended. 

Here are seven features that we looked for in an investing app for students:

  • Low minimum deposits. Students generally have less money to invest than experienced investors so an app that accepts low deposits is useful. Some apps are tailored to high-net-worth individuals and it’s best to stay away from these until your budget allows. The apps we’ve listed here all have low minimum deposits. 
  • Deposit bonuses. Apps occasionally offer deposit-matching bonuses or some other incentive to start investing with them. These boosts can be great for students, or anyone who wants to start investing with little money. It gives you a bit more money to invest from the very beginning – and we all know that students can always use a few more pennies.
  • Free or low-fee trading. Lots of investing apps these days offer fee or commission-free trading so keeping costs down is easier than it’s ever been. Students, in particular, should look to use an app that doesn’t charge a fee to trade.
  • Free demo accounts. Demo accounts give students the opportunity to learn how to invest, to try out different investment strategies, and to get live feedback on your performance. As most students are young and may never have invested before, this can be a great help in terms of showing you the ropes, without risking your valuable capital straight out of the gate.
  • Automated investing. Some investment apps allow you to set up recurring investments. This sort of approach is great for students, because even if you only invest a small amount regularly, it builds up over time. As a student, time is your biggest resource: you could have 50 years over which to build your wealth, and apps that made it as easy as possible to set up your investments did well in our rankings.
  • Robo-advisors. Using a robo-advisor is the easiest way for students to start their investing journeys. Robo-advisors effectively invest for you, according to a set of guiding principles that you can control. These apps are easy to use, less time consuming, and offer a hands free approach to growing your money. Its a good idea to use a robo-advisor app while you learn more about the markets before moving to a self managed app.

How to start investing as a college student

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 50p 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 in the world, without the cost of buying a full share. There are some stocks that 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 dividend to shareholders a few times a year. It might only be a few pence per share, but over time that can build up and you can reinvest the money, creating a virtuous circle.
  • 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, and invest in one with very little effort.

What are the best investments for university students?

The best investments are things like stocks that are relatively low-risk and simple to understand. Below, we have included a few types of investment that are suited for university students.

Funds and ETFs

If you invest in a fund or an ETF, you can essentially delegate the role of choosing your investments to someone else with more experience. Funds and ETFs invest in a range of assets belonging to a specific industry or index. You could for example, invest in a S&P index tracking fund, which will offer exposure to the US stock market.

Low-risk and dividend stocks

Some stocks are considered low-risk and some pay dividends, which is a good way to earn income from your investments. Low-risk stocks tend to belong to large, well-established companies and are a good option if you want to see returns faster compared to funds or ETFs. Although, picking stocks yourself is tricky and is best left to students with some investing experience.

Socially responsible ESG investing

ESG companies or funds that have a high rating are another top choices for university students. Younger investors especially favour investments that are socially responsible and there is a wide range of stocks, funds, and ETFs meeting environmental, social, and governance criteria. These types of investments are best suited to students who want to not only grow their money but do so in a socially conscious way.

Methodology: How did we choose the best investing apps for students?

Each app listed in this guide has been tested and ranked based on our expertise. Testing included downloading an app, registering an account, depositing funds, placing a trade, and withdrawing money. Every service above also has a full in-depth review on our website. 

In addition to testing we used our own research and online reviews to compare each app. Comparisons included deposit amounts, transaction fees, and in app features. None of these rankings are influenced by any of the services listed. We may earn a commission if you click a link and register an account. You can view our full review process to learn more.


Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.