The best investment apps for beginners in 2023

An iPhone running an investing app.
digital trends

So, you’re considering investing in stocks, cryptocurrencies or something similar, but don’t know where to start? There are plenty of apps out there that can help. Whether you plan to invest a little or a lot, there is an app that can work for you.

These apps are not only great for trading, but they can also help you learn more about different companies and investment opportunities so you can make informed decisions before spending a single penny.

Now, you might be wondering which app is best for beginners? Well, there are many great options available for both Android and iPhone users. Whether you’re buying a Google Pixel 8 or an iPhone 15 Pro, you’ll be able to find an app that will work for you.

If you’re looking for more great financial apps, check out our picks for the best cryptocurrency apps and the best stock-trading apps.

hiding place

Stash App.
hiding place

Stash is an innovative mobile application that simplifies investing in stocks, bonds, and exchange-traded funds (ETFs). With Stash, you can start investing with as little as $5 and even buy fractional shares. This means that there is no minimum investment required to get started.

One of the most exciting features of Stash is the stock-back card. This unique feature offers rewards on everyday spending that can be used to invest in your portfolio. You can earn money while spending and then invest it in your portfolio. This card makes it easy to build your portfolio passively without making any additional investments.

Stash also offers a variety of tools and resources to help investors make informed decisions. You can easily track your investments, monitor your portfolio performance and receive personalized investment recommendations based on your financial goals and risk tolerance.

Overall, Stash is a user-friendly and accessible investment platform that allows anyone to invest in their future, even those with a limited budget.

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Robin Hood

Robinhood app.
Robin Hood

Robinhood is an investment platform that does not charge any commission fees and allows users to trade a variety of financial instruments such as stocks, ETFs, options, and cryptocurrencies. The service has a user-friendly interface, making it easy to use for both novice and experienced investors. Robinhood has fractional share purchasing, which lets you buy a portion of a share of stocks and ETFs. In other words, you can invest in companies with high stock prices without breaking the bank.

Robinhood also offers a variety of educational resources like articles, videos, and more to help you learn about investment strategies, market trends, risk management, and more. This makes Robinhood an ideal platform for those who want to learn about investing.

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fidelity bloom

Fidelity Bloom App.
fidelity to truth

If you’re new to saving or investing, Fidelity Bloom is the perfect solution. This platform offers a user-friendly interface and many educational resources to help you learn about investing and financial management. You can easily set financial goals, keep track of your expenses and start saving for the future.

Fidelity Bloom has several unique features, such as prompts and challenges, designed to motivate you to save money and spend it wisely. Nudges are personal messages that offer suggestions for improving your financial habits, while challenges are fun tasks that encourage you to save money or learn new financial concepts. The platform also incorporates behavioral science insights to help you make better financial decisions.

As a new Fidelity Bloom user, you can choose between two brokerage accounts: Save and Spend. You can quickly transfer funds between these accounts to help you achieve your savings goals.

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Investment

Invstr app on Android.
Investment

Invstr is an excellent app with a ton of features to help those new to investing. It has a large community, educational content, and even a game where you can pretend to trade stocks. This game is helpful because you can learn about investing without having to put real money at stake.

Invstr has other resources like webinars, videos and articles that cover everything you need to know about investing and make it easy to learn and increase your knowledge.

And perhaps the most remarkable thing about Invstr is that it also has a community of people who are interested in investing. You can talk to them and get ideas or share your experiences. It’s like a community of people who want to help each other succeed in the stock market.

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Sophie

sofi investment app
Sophie

SoFi is an excellent investment app that offers a variety of features especially suitable for novice investors. One of the key features that makes it different is its built-in robot advisor that helps you create a customized investment portfolio based on your financial goals and risk appetite. This tool ensures that you are well equipped to make informed investment decisions that suit your needs and preferences.

SoFi’s social trading feature is another unique feature that provides a great way to learn from other investors. The app enables you to follow other investors, observe their buying and selling activities, and even replicate their trades. This feature allows you to emulate the strategies of successful investors and potentially benefit from their expertise.

SoFi also provides a platform to share your investment ideas with others. This feature is useful for beginners who want to learn from others and get feedback on their investment ideas.

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chestnut

Acorn app on iOS.
chestnut

If you are new to investing and want to start small then Acorns may be your app. It’s a micro-investing app that rounds up your purchases to the nearest dollar and automatically invests the difference. This way, you don’t have to worry about breaking the bank!

Getting started with Acorns is very easy and takes just a few minutes. All you need to do is link your bank account to the app, and you’re good to go. Acorns will begin processing your purchases, and before you know it, you’ll have a small investment portfolio to call your own.

The app is very user friendly and easy to navigate. You can set up recurring investments, keep track of your portfolio and withdraw your funds at any time. The app provides investment advice and guidance to help you make informed investment decisions.

android ios

public

Public Stock Trading App.
public

If you want to learn more about investing, the best way to do so is to interact with experienced investors. This is where the public app comes in handy. You can follow other investors’ investments to gain insight into what they are buying, which can help you make better informed decisions when trading yourself. Publix offers an extensive list of educational resources, such as articles, videos, and more, to further support you.

Publix is ​​similar to other trading apps, allowing you to buy and sell various stocks, cryptocurrencies, ETFs, and more. You can also purchase fractional shares, allowing you to start investing for as little as $5.

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green light

Greenlight App.
green light

Teaching kids about investing is important, and the Greenlight app can help facilitate this learning process. While the app primarily serves as a savings and working app, it also allows parents and children to invest together in stocks and other assets. With thousands of stocks and ETFs available, users can access a variety of investment options. The app’s fractional trading feature allows users to buy and sell stocks in small fractions, making it easier for kids to start investing and saving money in general.

The app is affordable, and families can start investing with a low-cost subscription. Overall, the Greenlight app is an excellent tool for teaching kids about investing. It provides a user-friendly platform to support families in their investment journey, making the process accessible and straightforward.

android ios

Improvement

Betterment App.
Improvement

If you’re looking for an intuitive and stress-free way to invest your money, you may want to consider using Betterment, a robo-advisor app that can help you achieve your financial goals. Betterment is a platform that combines advanced algorithms and human expertise to manage your portfolio and help you create a personalized investment plan tailored to your needs. With Betterment, you can quickly build a diversified portfolio that suits your risk tolerance, investment goals, and timeline.

Betterment’s user-friendly interface and intuitive design make investing simple and convenient. You can easily track your progress and monitor your investments while sitting at home or travelling. Betterment also offers fractional investing, meaning you can invest in different stocks and bonds with a little bit of money. This is an ideal solution for those who are just starting to invest or who do not have a lot of disposable income.

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schwab mobile

Schwab Mobile App.
charles schwab

Schwab Mobile is an advanced and user-friendly application designed for stock trading. It was developed to provide its users with an exceptional trading experience that is both easy to use and efficient. The trusted name of Charles Schwab backs the app, and it has a comprehensive dashboard that provides real-time updates, breaking news, and price charts for easy analysis. With Schwab Mobile, users can easily trade stocks, ETFs, mutual funds, and more. The app also allows users to create custom watch lists to keep track of their favorite options and closely monitor their investments.

Schwab Mobile is also an excellent option for new traders. The app provides access to various investment guides, videos and podcasts, making it easy for beginners to learn about investing and make informed decisions.

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