Best Investment Apps of 2022

It’s never been easier to invest and get your money working for you. In the past, you needed to know a lot about investing to get started, or at least you needed enough money to hire an investment manager.

But today, there are countless easy ways to invest and many new apps that make it easy to get started, no matter what type of investments you’re interested in. You also don’t need to have a lot of money to start investing. Most investment apps have a minimum balance of $0, so you can start with as little as $1.

Every day there are new investment apps being released. Whether you’re interested in investing in stocks, bonds, crypto, real estate, art, wine, or any other asset classes, there are many apps to choose from. If you’re just starting your search it can be daunting to sort through all of the investment apps available and the new one’s constantly being released.

Thankfully we’ve done a lot of the heavy lifting and in this post, I want to share the best investment apps to start using right now – as well as the reasons they are so awesome. I’ve been writing about money since 2015 and have tested thousands of investment apps so you don’t have to. Here are my favorites.

10 Best Investment Apps of 2022

Here are the 10 best investment apps for any investor to use right now:

Public.com

Public, formerly known as Matador, mixes commission-free investing with social media to create a simple and unique investing platform ideal for beginners.

Public’s Android and iOS apps help you connect with other investors as you connect your money with about 5,000 different securities. You’ll get a free stock (up to $50 in value) if you refer a friend who also signs up and starts trading.

With no minimum balances required and fractional shares available, Public.com’s trading app lowers the bar for admission into the world of investing. When you’ve downloaded the app, opened an account, and connected your bank account, you’re ready to go.

Here’s another reason to consider Public: Through its use of themes, the platform helps you invest in companies you believe in. Themes let you buy into women-owned companies or environmentally responsible corporations, for example.

More advanced investors who try Public may miss the ability to trade in cryptocurrencies or international stocks, but beginners who want to learn the basics in a fun, intuitive, and socially conscious way should give Public a close look.

  • App Rating: 4.7/5 on the App Store; 4.4/5 on Google Play
  • Fees: No commissions or fees for trades; $30 for broker-assisted over-the-phone trades; no interest paid on invested cash.
  • Best For: Beginners who want an intuitive and fun way to learn.

Ally Invest

You probably already know Ally as one of our best online banks. Ally Invest is the investing division of Ally Bank, one of the most respected banks in the United States.

Ally Invest is an excellent choice for an active trader who is interested in volume discounts and some of the industry’s lowest fees (such as $0 trade commission). One of the things we like about Ally Invest is they’re always releasing new tools to help active investors and there is a $0 account minimum. This makes it easy to set up an account and start trading in less than 5 minutes.

Ally Invest also offers commission-free ETFs from well-known business names like Schwab, iShares, and Vanguard. Finally, Ally has some of the best new investor cash bonuses, which can be as high as $3,000 cash for new investors depending on the amount you open an account with.

  • App Rating: 4.7/5 on the App Store; 3.9/5 on Google Play
  • Fees: Low-fee online broker
  • Best For: Active Traders

Robinhood

Robinhood is an online stock brokerage that provides a completely free way to invest. With no commissions on stock, no account minimums, and an easy-to-use interface, Robinhood is great for new investors.

In addition to no account fees, there are many other perks like in-depth stock research (powered by Morningstar), up-to-date news on any company, access to more advanced trading tactics like options, how to invest content, and lots of investment options. If you’re looking for a high-tech, top-rated, intuitively-designed app that offers 100% fee-free investing, then Robinhood sets the bar. It really stands out as the best investment app.

Robinhood also allows you to trade crypto (Bitcoin, Ethereum, and many other coins), and, if you want to take your investing to the next level, you could buy access to the premium version, Robinhood Gold, for $5 a month. This gives you access to the premium features of the app, such as the ability to trade on margin, make bigger instant deposits, and access a more extensive variety of market data.

  • App Rating: 4.2/5 on the App Store with over 4 million downloads; 3.8/5 on Google Play
  • Fees: Offers completely fee-free investing
  • Best For: Great for people who are new to investing

Webull

Active traders who want a mobile-first way to trade stock shares, ETFs, and options will like Webull, which has emerged as one of the best investment apps in 2022.

Webull provides a simple, bare-bones interface through its smartphone apps and its site. You won’t see a ton of educational content, although I am impressed with Webull’s user experience. It’s a slick app.

Over the past year, many of Robinhood’s users have started testing Webull as an alternative, which is another great option for new and experienced investors alike. Webull offers mobile-friendly and commission and fee-free trades of stock shares, ETFs, and options with a $0 minimum balance. You can also open an IRA or a taxable account. Webull covers the basics.

Webull also has an industry-leading crypto trading platform that all Webull users have access to in the app, and their new account promotions are some of the best in the market. As of this writing, you can get up to 13 free stocks when you sign up for a new account)

  • App Rating: 4.7/5 on the App Store; 4.4/5 on Google Play
  • Fees: No commissions or fees
  • Best For: Active, mobile traders

Betterment

A list of the best investment apps wouldn’t be complete without Betterment, a Robo-advising platform that manages and re-balances your portfolio. As you may already know, I use Betterment for some of my taxable investments, and from my experience, it’s very user-friendly.

To start investing with Betterment, you’ll need to answer some questions about your age, financial goals, income, and risk tolerance, so that it can evaluate you as an investor and align your experience with your goals.

There’s built-in financial guidance, which is helpful for anyone who is new to investing and this may even be useful for seasoned investors.

In fact, Betterment is an excellent mobile app for beginners as well as experienced investors because it can provide as much guidance as you need, as well as let you do your own thing (if you already know what you’re doing).

Plus, you can start investing with as little as $10, which is awesome if you want to start small. Betterment also has a very transparent 0.25%-0.40% asset under management annual management fee.

Betterment also has checking and savings accounts which means you can also use them in place of a bank if you’d like. Their savings account rates are some of the highest in the industry and worth checking out.

  • App Rating: 4.7/5 on the App Store; 4.6/5 on Google Play
  • Fees: Annual fee between 0.25%-40% depending on amount invested
  • Best For: Great for both new and seasoned investors

Acorns

Acorns is another straightforward money making app and it’s also one of the best investment apps for beginners.

It’s a novel idea: You invest your spare change, save money, and learn more about investing with Acorns’ actionable investing tips from the experts.

To start investing with Acorns, you’ll need to link the app to your credit card or debit card. Acorns will round up your purchases and sweep the change into your investment portfolio. This makes investing incredibly easy because it’s all automated. It takes less than 3 minutes to set up.

It’s a fantastic app to use if you’d like a hands-off approach to investing, but want to make investing a new habit. Acorns is also a good secondary investment app, meaning you can save additional money using it while using another investment app to more actively trade.

  • App Rating: 4.7/5 on the App Store; 4.5/5 on Google Play
  • Fees: Monthly fee is $3 a month for Acorns Personal which includes an IRA account and a checking account and $5 per month for the Acorns family plan.
  • Best For: Hands-off investors

Stash

Stash is a more comprehensive investing app than the others on our list. In fact, you can manage most of your financial life using Stash and it’s great for families who want to teach their children about investing. Within the app, you can invest in over 250 different exchange-traded funds (ETFs) and individual stocks.

Stash aims to make the process of selecting your investments quick and easy. However, the fees can add up if you decide to add additional services or accounts (up to $9 a month depending on account types).

To make an investment with Stash, you’ll have to connect it to a checking account – and you can start investing with as little as $5. You can then begin building your portfolio of stocks and ETFs with personalized guidance.

  • App Rating: 4.7/5 on the App Store; 4/5 on Google Play
  • Fees: $1 per month for Stash Beginner, $3 per month for Stash Growth if you add a retirement account to your portfolio, and $9 per month for Stash + to add other services (like custodial accounts for kids and the Stash + monthly market insights).
  • Best For: Investors interested in an all-in-one financial app

Note: Millennial Money is a paid Partner of Stash.

Fundrise

Fundrise is the best real estate investing app if you’re looking to diversify into real estate. Fundrise offers crowdfunded real estate investing with healthy annual returns. It’s an easy way to get into property investing (especially for those who don’t have that much money). Most other online real estate platforms are accessible only to accredited investors, but Fundrise makes it accessible to all.

Fundrise offers real investment trust funds (REITs), and you can get access to expert advice, as well as some options for balanced investing. REITs are kind of like mutual funds except they’re built from real estate projects instead of securities.

It’s great for investors looking to diversify their portfolios, but it’s worth knowing that the investments are highly illiquid. That means it’s a better app for those with a long-term outlook because you may need to hold the investments for at least five years (and there’s a fee to exit early).

  • App Rating: 4.8/5 on the App Store; 4.3/5 on Google Play
  • Fees: 0.15% – 0.85% annually depending on complexity of your portfolio and the size of yourbalance
  • Best For: Real estate investor

TD Ameritrade

TD Ameritrade is an online stock trading and investing platform that’s ideal if you’re after long-term investing.

I like TD Ameritrade because it’s just as useful for active, experienced traders as it is for beginners (though it may not be the best for complete beginners).

TD Ameritrade has just cut back to $0 commission on online equity trades, ETFs, and online option trades – though, other trades (like online trades of OTC stocks and broker-assisted trades) will cost you extra.

TD Ameritrade offers educational videos that’ll allow you to gain additional investing knowledge and skills. Also, though it’s one of the best investment apps, there is also an extensive branch network in the U.S., which means that you can also get face-to-face assistance if you ever need to.

TD Ameritrade combines full-service brokerage houses with online excellence. It’s a nice combination.

Charles Schwab, a leading broker, is currently acquiring Ameritrade so this trading platform may look different in a few months. However, Schwab and Fidelity, another leading brokerage house, have both adopted commission-free trading, too.

  • App Rating: 4.5/5 on the App Store; 3.6/5 on Google Play
  • Fees: $0.00 commissions on online stock, ETF, and option trades
  • Best For: Long-term investors

Wealthfront

Are you looking for holistic financial advice from experts, and a hands-off approach to investing? Want an easy way to save, plan, and invest – all on one app? Wealthfront is worth looking into.

Wealthfront is a Robo-advisor that offers an all-in-one solution: earning interest on your cash, advice on how to manage your savings, as well as automated investment management.

With Wealthfront’s 529 college savings plan, you can save for college in a way that allows you to keep more of your money (thanks to tax advantages). In fact, according to Wealthfront, you could be covering as much as 16% more of your expenses than with a traditional investment account.

The app also receives excellent ratings from its users, so you can expect a top-quality user experience. And its tax-loss harvesting leads the way for transparency.

  • App Rating: 4.8/5 on the App Store, 4.6/5 on Google Play
  • Fees: 0.25% annual advisory fee
  • Best For: Hands-off investors

Honorable Mentions

These platforms didn’t make my top 10 best apps, but they’re solid and worth a mention:

  • M1 Finance: A comprehensive investing app with no management fee.
  • Charles Schwab: The standard in brokerage accounts with free online trading.
  • Fidelity: Another full-service leader in the industry that has adopted free trading.

What’s the best investing app for you?

As you can see, there are plenty of apps that offer the convenience of investing on the go. Before you pick one, it’s important to think about why you’re investing, how long you’d like to invest for, and what you’d like to get from it.

If, for example, you want to start investing with little money, then choosing an app that does it for you, and has low minimum investment requirements might be the best way to begin.

If you’re an experienced investor looking to take your money further, the apps you choose will probably offer less hand-holding, and more freedom to make your own decisions.

Ultimately, you’ll want to choose an app that closely matches your investing needs and financial goals – whether you’re a beginner or a pro – and offers:

  • The most cost-effective option for you.
  • A streamlined user experience.
  • Accessible customer support.
  • An account balance you can afford to maintain.

Read Comments

  • Comment Author image blank
    Tarik Pierce
    My 2 favorite apps are Robinhood and Stash Invest. I use Fundrise as well but don't see an app available for Android users.
  • Comment Author image blank
    Daniel Schmidt
    I feel like M1 should be on this list, lets you invest for free in Stocks, all kinds of IRA's and auto-invests money