BEST OF

11 Best Investment Apps of February 2023

Investing apps allow you to manage your portfolio and buy or sell investments via mobile app. Here are NerdWallet's top picks for the best investing apps.

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The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

You can do just about anything on your phone — including invest, thanks to an increasing number of high-quality investment apps.

All of the brokers on our list of the best brokers have well-reviewed investment apps that are suitable for beginners and advanced investors alike. But if investing on the go is most important to you, we've narrowed down that list to the best investing apps.

The best investing apps are ones made with users top of mind. They have robust customer support options and positive user reviews. We also factored investment costs, account fees and account minimum to invest.

» Looking to trade stocks or options? Consult our list of the best stock apps instead.

Best Investment Apps

NerdWallet rating 

5.0

/5
Fidelity
Learn more

on Fidelity's website

Fees

$0

per trade for online U.S. stocks and ETFs

Account minimum

$0

Promotion

Get $100

when you open a new, eligible Fidelity account with $50 or more. Use code FIDELITY100. Limited time offer. Terms apply.

NerdWallet rating 

4.7

/5
Merrill Edge
Learn more

on Merrill Edge's website

Fees

$0

per trade

Account minimum

$0

Promotion

Up to $600

when you invest in a new Merrill Edge® Self-Directed account.

NerdWallet rating 

5.0

/5
E*TRADE
Learn more

on E*TRADE's website

Fees

$0

per trade

Account minimum

$0

Promotion

Get up to $600 or more

when you open and fund an E*TRADE account

NerdWallet rating 

5.0

/5
TD Ameritrade
Learn more

on TD Ameritrade's website

Fees

$0

per trade

Account minimum

$0

Promotion

None

no promotion available at this time

NerdWallet rating 

4.7

/5
J.P. Morgan Self-Directed Investing
Learn more

on J.P. Morgan's website

Fees

$0

per trade

Account minimum

$0

Promotion

Get up to $700

when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money

NerdWallet rating 

4.6

/5
Acorns
Learn more

on Acorns' website

AD

Paid non-client promotion

Fees

$3 - $5

per month

Account minimum

$0

Promotion

$10 Sign Up Bonus

NerdWallet rating 

4.2

/5
Vanguard
Learn more

on Vanguard's website

Fees

$0

per trade

Account minimum

$0

Promotion

None

no promotion available at this time

NerdWallet rating 

4.8

/5
Ally Invest

Fees

$0

per trade (on eligible US securities)

Account minimum

$0

Promotion

None

no promotion available at this time

NerdWallet rating 

4.9

/5
Webull
Learn more

on Webull's website

Fees

$0

per trade

Account minimum

$0

Promotion

Get up to 12 free fractional shares (valued up to $30,600)

when you open and fund an account with Webull. Promotion ends 1/31/2023.

Want to compare more options? Here are our other top picks:

More about investing apps

How much money do you need to start investing through an app?

Shockingly little. Thanks to micro-investing apps like Acorns and Stash, you can kick-start an investment portfolio with small amounts of money — just your spare change, in fact. Acorns, for example, sweeps a linked credit or debit card account, rounds up purchases to the nearest dollar and invests the change. Stash offers a similar opt-in feature that rounds up purchases to deposit money in a user's account.

Beyond the micro-investing apps, the amount of money you’ll need to begin investing after you open your account depends on the assets you intend to buy. Individual stock shares range from as little as a few dollars to hundreds or even thousands of dollars per share. Mutual funds often have minimums of $1,000 or more, but exchange-traded funds (ETFs) are essentially mutual funds that trade like a stock, and they can often be purchased for less than many mutual funds. Don’t forget, too, that some brokers charge trading fees every time you buy or sell an investment. The good news there is that many brokers now offer free trades.

Many of NerdWallet’s picks for best apps have account minimums of $5 or less, so you can open an account right away and entirely online. Here’s more on what a brokerage account is and how to open one.

What investments can you trade through an app?

The mobile trading experience varies by broker — and so does the range of available investments. Typically, an app from a traditional online broker will offer the largest range of investment options, while smaller apps or start-ups tend to limit their selection. Among the picks above for best investing apps, Acorns offers only ETFs, while TD Ameritrade’s offerings include individual stocks, mutual funds, ETFs, bonds, options and currency (or forex). Some investment apps also offer access to cryptocurrency.

Can you lose money with an investing app?

That largely depends on how you invest your money within the app, rather than the app itself. Like traditional brokers, your investment decisions can determine how much money you gain or lose and how "safe" your money is overall. Some investments carry more risk than others — for example, individual stocks or cryptocurrencies are known to be riskier than bonds or Treasurys. Some of the investment apps listed here also offer bank or savings accounts, which are FDIC insured against loss.

The bottom line: No matter what app or investment company you're using, it's important to align your investment selections with your risk tolerance and time horizon. Generally speaking, many financial advisors suggest not investing money you need within the next five years — most investments should be considered long-term.

Last updated on January 3, 2023

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People often identify opening a savings account as their next money move.

SoFi Checking and Savings

5.0

NerdWallet rating 
SoFi Checking and Savings

APY

3.75%

With $0 min. balance for APY

Bonus

$250

Earn up to $250 with direct deposit. Terms apply.

at SoFi, Member FDIC

Discover Bank Online Savings

5.0

NerdWallet rating 
Discover Bank Online Savings

APY

3.30%

With $0 min. balance for APY

Bonus

$200

Requirements to qualify

at Discover Bank, Member FDIC

LendingClub High-Yield Savings

4.5

NerdWallet rating 
LendingClub High-Yield Savings

APY

4.00%

With $0 min. balance for APY

at LendingClub Bank, Member FDIC

Methodology

NerdWallet’s comprehensive review process evaluates and ranks the largest U.S. brokers by assets under management, along with emerging industry players. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs. We adhere to strict guidelines for editorial integrity.

We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists’ hands-on research, fuel our proprietary assessment process that scores each provider’s performance across more than 20 factors. The final output produces star ratings from poor (one star) to excellent (five stars).

For more details about the categories considered when rating brokers and our process, read our full methodology.

Frequently asked questions