Best Investment Apps of 2023

Investment apps help you manage your investments in the financial market. Most of them offer amazing services at affordable fees, which saves investors a lot of money in the long run. 

Now you don’t have to call your stockbroker to trade. You can do it with a few taps on the screen. All things considered, here are the best investment apps in 2023.

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TD Ameritrade: Best Overall

Many investors in the U.S are familiar with TD Ameritrade—a large brokerage firm. Its app is the best compared to all others because it has a wide range of options and is great for beginners and pros alike. The default app is ideal for intermediate and beginner traders. The professional-level one is more suited for experts. 

The benefits you will enjoy include commission-free ETF and stock trades and zero-base fee option trades. 

Key Features

  • Name of apps: TD Ameritrade Mobile and thinkorswim
  • No minimum deposit
  • Investments types: bonds, mutual funds, ETFs, options, stocks and much more
  • Account types: different account types including education, retirement and standard

Pros

  • For experts and beginners
  • Advanced trading platform has no extra fees

Cons

  • Schwab is acquiring TD Ameritrade

Fidelity: Runner-Up

This one offers extensive resources for investors with long-term goals. The mobile app can be used with Google Assistant and Apple Watch.

Key Features

  • Name of app: Fidelity Investments
  • No minimum deposit.
  • Investment types: fractional share investing, mutual funds, ETFs, stocks, etc.
  • Account types: education accounts, retirement, brokerage, etc.

Pros

  • Fractional share investing
  • Lots of mobile app features
  • Most account types are supported

Cons

  • Phone trades are charged a $12.95 fee

Ally: Suitable for Beginners

The platform is easy to use and they don’t have a minimum required balance.

Key Features

  • Name of app: Ally
  • No minimum deposit
  • Investment types: mutual funds, bonds, options, ETFs, stocks, etc.
  • Account types: self-directed and managed portfolios
  • No physical location

Pros

  • Investing and banking in one app
  • Forex trading app

Cons

  • Limited features on mobile app

Webull: Best Free

This one is relatively new but its mobile app is nothing short of impressive.

Key Features

  • Name of app: Webull: Stocks, Options & ETFs
  • No minimum deposit 
  • Investment types: cryptocurrencies, options, ETFs and stocks
  • Account types: IRA and brokerage accounts

Pros

  • Community area
  • Paper trading
  • Advanced charting features

Cons

  • Additional subscription for real-time data streams
  • Limited investment types

Acorns: Ideal for Automated Investment

Acorns is really fun to use but its fees are a bit high.

Key Features

  • Name of app: Acorns: Invest Spare Change
  • No minimum deposit
  • Investment types: bond ETF and stock fractional share investing
  • Account types: checking accounts, retirement, robo-advisor brokerage

Pros

  • Simple, automated micro-investing
  • Gamified app experience

Cons

  • Monthly fee for all accounts

SoFi: Ideal for Learning

If you want to start small and have access to investment education, try SoFi. 

Key Features

  • Name of app: SoFi Invest Money & Buy Crypto
  • $1 minimum deposit
  • Investment types: cryptocurrencies, ETFs and stocks
  • Account types: cryptocurrency, retirement and self-directed and managed portfolios

Pros

  • Fractional share investing
  • Member events

Cons

  • Lack of advanced research tools
  • Limited investment assets

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