Sun. Oct 1st, 2023

Top 10 Investment Apps of 2022

Investment is one of the most optimistic ways to prepare for the near future against retirement or looming recession. This service, over time, has been simplified to accommodate every type of person corresponding to risk tolerance and financial know-how. This has been largely contributed by modern investment apps that have simplified the security trading process and offered educational resources and advice to prospective investors irrespective of whether they’re just beginners or seasoned ones.

These selected options are concentrated on the quality of the investment app and the usefulness of the brokerage account including the associated fees, investment choices, account types, and investment education resources.


This is a great choice for every beginner and seasoned investor. All stock and ETF trading fees and offers have been cleared for over 4,400 no-load, no transaction-fee mutual funds. It is ideal for individuals with zero interest in self-directed investments. Additionally, after you fill out a risk profile to share your goals, time horizon, and risk tolerance, you’ll get a recommended tax-sensitive portfolio of ETFs, giving you a detailed research and analysis of securities that are ripe in the current markets. Other features you should keep in mind are: $0 commission for trading stocks, live news and market analysis, personalized notifications on stocks, robo-advisor offerings available and a minimum balance of $300.

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2. SoFi Invest

SoFi Invest can be your one-stop shop for your finances. With this plan, you can avail of an autonomous investment feature for your spare money, trade-in cryptocurrencies, can apply for a loan, and more, all at absolutely no management fees. Key features are cryptocurrency trading, loans with low-interest rates, automated investing feature and so on. Additionally, it offers between $5 to $1,000 in free stock for users who sign up via their mobile app, with no fee charged and $0 account minimum.

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3. Fidelity

Fidelity Spire offers fractional share investing, which enables you to purchase fewer than one share of a certain security, and it has no minimum investment or account requirements. Your orders are not sold to high-frequency trading firms, and there are no account fees. Some believe that this strategy, known as selling order flow, leads to clients receiving inferior pricing when they purchase or sell stocks. When you open a new Sapire account, you get $100 which you can use to increase your portfolio asset, eligible Fidelity account with $50 or more.

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4. Merrill

This offers robust research and a library of educational content to help new and old investors find the right kind of investment. You get to $600 when you invest in a new Merrill Edge® Self-Directed account. Merrill Edge is owned by Bank of America, and offers account holders with service integrations which allows the utilization of the same online login and transfer funds instantly across both platforms. Additional features includes; a preferred rewards program for eligible users, a customizable dashboard for trading, $0 annual or inactivity fees and tradable stocks, bonds, mutual funds, options, and ETFs.

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5. Vanguard

The Vanguard mobile apps are ideal for investing for retirement. If you’re thinking of where to put money and not need it in the short time, lookout for this plan. It caters for trade capabilities for stocks, ETFs and mutual funds, plus the ability to monitor account and investment performance.

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6. TD Ameritrade

This plan is more for advanced traders. It allows access to the basics of investing such as stock, options and futures trading as well as advanced charting functions, margin trading and the ability to buy and sell securities on the over-the-counter (OTC) market. Traders can monitor market-breaking news easily in-app and benefit from a wealth of educational resources. Additional benefits offered by TD Ameritrade include; a multiple trading platform, no investment minimums, wide variety of investments, customer support and advice, free educational resources, etc.

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7. Betterment

This is good for individuals who want to be hands-off with their investments, with a flexible portfolio customization option for advanced users. It is made up of low-cost and diversified ETFs making it difficult for users to buy individual stocks or invest in individual funds. Additional features include;  taxable and retirement account management, no minimum investment amount required, reliable phone support from certified financial planners, user survey to create tailored portfolios and a 0.25 percent management fee charged based on your balance.

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8. Charles Schwab

It has the educational resources beginners need to navigate investing, with sophisticated tools and $0 commissions if you want to be an active trader. Also, it offers access to over 4,000 no-transaction fee mutual funds, and commission-free transactions are possible across a variety of stocks, options, and ETFs via the Schwab mobile and StreetSmart mobile apps.

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9. Acorns

The Acorn app gives investors access to a robo-advisor, IRAs and a checking account to make investing simple and stress-free. It is one of the most approachable investment apps available. It offers five pre-built portfolios, ranging from conservative to aggressive risk tolerance. Each includes up to seven ETFs from companies like BlackRock and Vanguard and is automatically rebalanced to maintain proper asset allocation.

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10. First Trade

Firstrade’s iOS and Android app provides highly regarded mobile software. Investors may trade stocks, ETFs, and mutual funds without paying a commission, and there is no contract cost for trading options. Firstrade could be appealing to customers abroad: It is accessible in Chinese and welcomes foreign investment.

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In Conclusion:

When it comes to what to consider when choosing investment apps, you need to decide on how you plan to use them. As an educational tool, you can learn about investing or play investing games. Apps from robo-advisors will buy stock funds and create a portfolio on your behalf or can choose to actually trade and invest.


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