Compare the best micro investing apps & trading platforms in 2023

Micro investing apps let you invest small amounts of money regularly and you can start with just a few pennies. This page compares the best micro investing apps and platforms for 2023.
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Updated: Jan 23, 2023
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Micro investing apps are a great option if you want to start investing but don’t have much money to put into the market upfront. This page reviews some of the best micro investing apps and trading platforms to help you find the right one. 

Best micro investing apps overall for 2023

  1. eToro: Best for beginners, copy-trading & demo-account
  2. Public: Best for sharing beginner trading ideas

What are the best micro investing apps?

Our experts have comprehensively reviewed the best micro investing apps available and below, you can find some of our top recommendations. Click on any of the links to get started in just minutes, or continue scrolling for reviews on each app and how to choose one.

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
$ 0
Promotion
User Score
10
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.
3
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.

Top 5 micro investing apps, reviewed

1. eToro. Best for beginners, copy-trading & demo-account

2900

No. assets

$10

Minimum deposit

Stocks

Platform type

Pros & Cons

Overview

Visit eToro Read Review

2. Public. Best for sharing beginner trading ideas

public.com logo

...

No. assets

...

Minimum deposit

Stocks

Platform type

Pros & Cons

Overview

Visit Read Review

What is a micro investing app?

It’s a mobile application or desktop platform that allows users to make small investments regularly, often with as little as a few pounds at a time. These apps or platforms often use a concept known as ‘dollar-cost averaging’, which involves investing a fixed amount of money at regular intervals into exchange traded funds (ETFs) or fractional shares. 

How do micro investing apps work?

Micro investing apps link to your bank account and automatically invest your money into ETFs and the stock market. They operate similarly to robo advisors, where AI determines where your money is invested based on your specific goals and criteria. 

Some micro investing apps also offer the ability to round up everyday purchases made with a linked bank card. These apps connect to your bank account and automatically invest your spare change into a diverse portfolio of ETFs or stocks. 

How should I choose a micro investing app?

There are several factors you may want to consider when choosing a micro investing app and you should take the time to look at various different platforms before making your decision. Here’s a list of things to consider when selecting a micro investing app. 

Fees

You may be charged a fee when you invest your money using a micro investing app. Most apps have fees in some way or another, so make sure you know what it will cost before signing up. Some of the fees to consider are account maintenance fees or trading fees. 

Investment options

Use a micro investing app that offers the type of investments you prefer to put your money in. Most micro investing apps focus on ETFs and fractional shares, but if you want to invest in other asset classes, then make sure you check what is available before joining. 

Ease of use

You’ll want to use an app that is easy to navigate and set up, especially if you’re new to investing. Most micro investing apps are easy to download and connect to your bank account, but if you’re interested in other features, make sure the app is not too complicated. 

Reputation

Take the time to read online reviews from other users before committing to micro investing apps. There are many review sites where you can find other people’s experiences with a specific app or platform. Stay away from the ones with lots of negative reviews. 

Minimum deposits

Most micro investing apps let you start with just a few pounds or pennies, although some require a minimum initial deposit. This can vary depending on the company and if you’re starting with a small amount of money, make sure you find the minimum initial investment. 

Customer support

You want to use a platform that has good customer support. Before registering with a micro investing app, you can contact customer support to find out how responsive and helpful they are. If you ever have any questions or issues in the future, you’ll know what kind of support you’ll receive. 

Should I use a micro investing app?

If you’re new to investing but don’t have much money to invest upfront, then using a micro investing app can be a good option. You can get started very quickly and easily without requiring a large investment. As these apps link to your bank account, you can even start investing your spare change, making it a very passive style of investing.

However, it’s important to remember that micro investing apps generally don’t offer a wide selection of investment options and are not really suitable for more advanced investors. You also need to consider the various fees that micro investing apps charge, which can eat into your profits. 

What are the risks of using a micro investing app?

Like all types of investments, micro investing apps come with some risks, most notably market risk. The value of your investments may fluctuate in line with changes in the wider market. Additionally, micro investing apps don’t offer many of the features available on larger investing platforms and it can be difficult to diversify your portfolio with little money. 

Here are a few benefits and risks of using a micro investing app to help you make up your mind. 

Pros

  • Get started with very little money
  • Micro investing apps automatically invest for you
  • Round up your everyday spending and invest your spare change
  • Easy-to-use platforms mean it’s easy to get started

Cons

What are the fees for using a micro investing app?

Each micro investing app will generally have a slightly different fee structure depending on which one you choose. Some common fees that micro investing apps may charge include account maintenance fees, trading fees, withdrawal fees, and commissions. Before starting a micro investing app it’s important to read the platform’s fee schedule. 

Methodology: How did we choose the best micro investing apps?

Our expert panel consists of investment experts with decades of experience behind them. They conducted extensive research and testing of all of the services involved. Testing means we have signed up, created an account, deposited and withdrawn money, and placed at least one trade.

In addition to the testing process, we have researched all of the platforms online. Together, those criteria combined to produce a series of ranking factors which have been used to produce a final list of micro investing apps.

None of the services listed on this page has influenced the order in any way. We may make an affiliate commission if you sign up and trade on an app using one of the links above. Learn more about how we make money by reading our reviews process.

FAQs

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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.