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Best Investing Apps: Top Picks for 2024

Investing apps allow you to manage your portfolio and buy or sell investments via your phone. Here are our testers' top picks for the best investing apps available right now.

Profile photo of Alana Benson
Written by Alana Benson
Lead Writer
Profile photo of Chris Davis
Reviewed by Chris Davis
Assigning Editor
Profile photo of Arielle O'Shea
Edited by Arielle O'Shea
Lead Assigning Editor
Fact Checked
Profile photo of Alieza Durana
Co-written by Alieza Durana
Lead Writer

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

Our deep, independent analysis of investment firms cuts through the details to find and evaluate the information investors want when choosing an investing account. To see our full methodology and learn more about our process, read our criteria for evaluating brokers and for evaluating robo-advisors.

Over 60 investment account providers reviewed and rated by our expert Nerds.

More than 50 years of combined experience writing about finance and investing.

Hands-on testing of the account funding process, provider websites and investment platforms.

Dozens of objective ratings rubrics and strict guidelines to maintain editorial integrity.

The best investment apps are intentional about ensuring users and the mobile app experience are top of mind. They have robust customer support options and high scores from users in mobile app stores, but our analysis also factors in investment costs, account fees and account minimum to invest. We also hands-on test every app we review, including funding an account and placing trades through the broker's platform.

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

Our deep, independent analysis of investment firms cuts through the details to find and evaluate the information investors want when choosing an investing account. To see our full methodology and learn more about our process, read our criteria for evaluating brokers and for evaluating robo-advisors.

Over 60 investment account providers reviewed and rated by our expert Nerds.

More than 50 years of combined experience writing about finance and investing.

Hands-on testing of the account funding process, provider websites and investment platforms.

Dozens of objective ratings rubrics and strict guidelines to maintain editorial integrity.

The best investment apps are intentional about ensuring users and the mobile app experience are top of mind. They have robust customer support options and high scores from users in mobile app stores, but our analysis also factors in investment costs, account fees and account minimum to invest. We also hands-on test every app we review, including funding an account and placing trades through the broker's platform.

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

Best Investing Apps: Top Picks

NerdWallet rating 

4.9

/5
Charles Schwab
Learn more

on Charles Schwab's website

Fees

$0

per online equity trade

Account minimum

$0

Promotion

None

no promotion available at this time

Pros

  • Commission-free stock, options and ETF trades.

  • Four trading platforms with no minimums or fees.

  • Above-average mobile app.

  • Extensive research offerings.

  • Large fund selection.

Cons

  • Low interest rate on uninvested cash.

Why We Like It

Charles Schwab has earned its strong reputation: The broker offers high-quality customer service, four free trading platforms, a wide selection of no-transaction-fee mutual funds and $0 commissions for stocks, ETFs and options.

Best Online Broker for Advanced Traders 2024

NerdWallet rating 

5.0

/5
Interactive Brokers IBKR Lite
Learn more

on Interactive Brokers' website

Fees

$0

per trade

Account minimum

$0

Promotion

None

no promotion available at this time

Pros

  • Commission-free stock, options and ETF trades.

  • Large investment selection.

  • Strong research and tools.

  • Over 19,000 no-transaction-fee mutual funds.

  • High order execution quality.

Cons

  • High minimum to earn interest on uninvested cash.

  • Website can be difficult to navigate.

Why We Like It

Don't let the name fool you: IBKR Lite offers commission-free stock trading (including international trade capabilities), more than 19,000 mutual funds, and a well-featured platform.

NerdWallet rating 

5.0

/5
Webull
Learn more

on Webull's website

Fees

$0

per trade

Account minimum

$0

Promotion

Get up to 75 free fractional shares (valued up to $3,000)

when you open and fund an account with Webull.

Pros

  • Commission-free stock, options and ETF trades.

  • Easy-to-use platform.

  • Advanced tools.

  • Access to cryptocurrency.

  • High interest rate on uninvested cash.

  • High order execution quality.

Cons

  • No mutual funds.

  • Thin educational support.

Why We Like It

Webull will appeal to the mobile-first generation of casual investors with its slick interface for desktop and mobile apps. The brokerage also delivers an impressive array of tools for active traders and a wide investment selection, including stocks (plus fractional shares), options, ETFs, crypto, commodities and futures. However, its relatively weak educational content may leave true beginners in the lurch, and it lacks access to bonds and mutual funds.

NerdWallet rating 

4.2

/5
SoFi Active Investing
Learn more

on SoFi Invest's website

Fees

$0

per trade

Account minimum

$0

Promotion

Up to $1,000

in free stock for users who sign up via mobile app

Pros

  • Commission-free stock, options and ETF trades.

  • Free financial counseling.

  • IPO access.

Cons

  • Low interest rate on uninvested cash.

Why We Like It

SoFi Active Investing's $0 trading commission, free access to financial advisors, fractional shares and $1 account minimum are attractive to new investors. More advanced investors will appreciate the company's wide mutual fund selection and IPO access.

NerdWallet rating 

4.2

/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.

Pros

  • Commission-free stock, options and ETF trades.

  • Easy-to-use platform.

  • App connects all Chase accounts.

  • In-person customer support at Chase branches.

Cons

  • Limited tools and research.

  • Portfolio Builder tool requires $2,500 balance.

  • Low interest rate on uninvested cash.

Why We Like It

J.P. Morgan Self-Directed Investing is a clear-cut investment platform that is great for beginners looking to learn how to buy and sell investments. More advanced investors, however, may find it lacking in terms of available assets, tools and research. Through the app, users can trade stocks, bonds, mutual funds and ETFs, as well as access charting tools, screeners, J.P. Morgan research, stock watch lists and more. The app is available for iOS and Android, and both versions get good reviews from users.

INVESTMENT PRODUCTS: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

NerdWallet rating 

4.6

/5
Public
Learn more

on Public's website

Fees

$0

Account minimum

$0

Promotion

Earn up to $10,000

when you transfer your investment portfolio to Public.

Pros

  • Commission-free stock, options and ETF trades.

  • Rebates for trading options.

  • Impressive selection of alternative assets.

  • Easy-to-use signup and trading interface.

  • High interest rate on uninvested cash.

Cons

  • No mutual funds.

  • No margin trading.

  • Lack of tools (e.g. customizable investment screeners).

  • No IRA accounts.

Why We Like It

Public provides free stock and ETF trades, pays you to trade options, and gives traders access to crypto, alternative assets and bonds, as well as a high-yield savings account. The platform will appeal to traders looking for a low-cost options broker and access to many types of assets.

NerdWallet rating 

4.7

/5

Reviewed in: Oct. 2023

Period considered: Aug. - Oct. 2023

Acorns
Learn more

on Acorns' website

AD

Paid non-client promotion

Fees

$3 - $12

per month

Account minimum

$0

Promotion

$10 Sign Up Bonus

Pros

  • Automatically invests spare change.

  • Cash back at select retailers.

  • Educational content available.

  • No account minimum ($5 required to start investing).

Cons

  • Monthly fees can be significant for small balances.

  • $35 per ETF to transfer funds to another broker.

  • No tax-loss harvesting.

Why We Like It

Acorns is known for its automatic roundups that make saving and investing easy. The downside? At small balances, Acorns' fees ($3 to $9 per month) can cut into or completely wipe away investment returns. Acorns' user interface is clean and uncomplicated compared with some of its competitors. Acorns is a robo-advisor, meaning you don't have to worry about which investments to choose.

Best App for Investing 2024

NerdWallet rating 

5.0

/5
Fidelity
Fees

$0

per trade for online U.S. stocks and ETFs

Account minimum

$0

Promotion

None

no promotion available at this time

Pros

  • Commission-free stock, options and ETF trades.

  • Large selection of research providers.

  • Strong customer service.

  • Expense-ratio-free index funds.

  • Highly rated mobile app.

  • High interest rate on uninvested cash.

Cons

  • Relatively high broker-assisted trade fee.

Why We Like It

Fidelity is one of the largest and most well-established brokerages, and it shows. Fidelity charges no trading commissions, offers an extensive set of no-fee, no-minimum index funds. It also stands out for its top-notch research tools, a renowned trading platform and very strong customer service.

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

What is an investment app?

Investing apps allow you to buy and sell stocks, exchange-traded funds and other investments on your mobile phone, through an online brokerage account.

High-quality investing apps like the ones we've highlighted on our list allow you to monitor your investments and make investment decisions on the go, delivering an experience that's very similar to the broker's desktop platform. Many of the brokers we review have well-received investment apps that are suitable for beginners and advanced investors alike. But if a brokerage account's mobile experience is most important to you, we've narrowed down this list to help you find the best options.

Which features are most important when choosing the best investing app?

The most important thing to consider when choosing an investing app is how you're going to use it — if you're a frequent stock trader, you may require different functionality than someone who simply wants to monitor the performance of their long-term investments. Here's a Nerdy overview of the features you might consider when choosing the best app for you:

Video preview image

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

For some apps, $1. 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, but exchange-traded funds (ETFs) and index funds are more accessible to smaller investments.

Many of NerdWallet’s picks for best apps have no account minimum, 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 investing app?

The investments available to you will vary by broker. 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. Here are some investments that may be offered through an investment app:

  • Stocks

  • Bonds

  • Mutual funds

  • Index funds

  • Exchange-traded funds

  • Options

  • Cryptocurrencies

  • Futures

  • Forex

  • Commodities

If you're looking to trade more advanced or niche investments, such as crypto or forex, you'll want to ensure that your broker actually offers that before you decide. Our individual broker reviews list what types of assets you can trade through each brokerage.

Here are the six top-scoring investment apps and the securities they offer:

Fidelity

Stocks, bonds, mutual funds, ETFs, options, CDs, precious metals, cryptocurrency, fractional shares

Webull

Stocks, bond ETFs, ETFs, options

JP Morgan Self-Directed

Stocks, bonds, mutual funds, ETFs, options

Firstrade

Stocks, bonds, mutual funds, ETFs

Public

Stocks, bonds, ETFs, options, cryptocurrency, alternative assets (collectibles, art, and music royalties), fractional shares

Sofi Active Investing

Stocks, ETFs, ADRs, cryptocurrency, options (no bonds, mutual funds or index funds)

And while InteractiveBrokers isn't one of the top-scoring investment apps, it does feature the largest selection of tradable securities, including stocks, mutual funds, ETFs, bonds, options, futures, forex, crypto and metals.

Which investing app is best for stock traders?

Many of the apps above are good choices for stock traders, but to see a list specifically focused on trading, check out our picks for the best stock apps.

What is the best investment app for beginners?

For new investors, working with a larger, established brokerage like Fidelity or Charles Schwab is often a good fit — their apps rate highly, and they also offer higher levels of educational support and strong customer service. You might also consider an investing app from a robo-advisor. Robo-advisors build and manage portfolios for you, often using ETFs, so you don't have to choose any investments yourself.

While the idea of buying individual stocks might be exciting, building a portfolio of stocks requires a fair amount of research and discipline. ETFs offer instant diversification in that they contain shares of multiple companies (dozens, even) like a mutual fund, but trade like individual stocks.

If buying individual shares of companies is something you’d like to do, see our guide on how to buy stocks.

Are investing apps safe?

Just as FDIC insurance insures bank accounts, SIPC insurance insures the money you have in your brokerage account (or robo-advisor account) up to $500,000. This includes investing apps. $250,000 of that total can be applied to protect cash that you haven’t yet invested. All of NerdWallet’s picks for best apps are members of the SIPC. (Here’s more on SIPC insurance and what it does and doesn’t protect.)

Some of the investment apps listed here also offer bank or savings accounts, which are FDIC insured against loss.

Investment apps typically also use industry-standard security measures, including two-factor authentication, hashing of passwords and encryption of personal information.

What happens if an investment app goes out of business?

If your brokerage (app or brick-and-mortar institution) goes out of business, it's highly unlikely that you will lose all your money. If another institution agrees to buy the failing brokerage, your assets will be transferred to the new brokerage. Many brokerages hold the amount they would need to cover that type of loss and keep it separate from their own holdings. Worst case scenario, the federal government offers SIPC insurance that will likely reimburse you for the value of your account at the time of the brokerage's failure.

Can you lose money with an investing app?

Yes, it is possible to lose money through an investment app, but 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 funds, bonds or Treasurys.

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 July 2, 2024

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.