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11 Best Investment Apps of May 2022

Investment 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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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 below picks for the best investing apps — in addition to factors like user reviews of these apps, we've also considered investment costs, account fees, account minimum to invest and customer service options.

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

Best Investment Apps

Merrill Edge
Learn more

on Merrill Edge's website

Merrill Edge

4.5

NerdWallet rating 
Merrill Edge

Fees

$0

per trade

Account minimum

$0

Promotion

Up to $600

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

Learn more

on Merrill Edge's website


Promotion

Up to $600

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

Why we like it

Merrill Edge offers high-quality customer service, robust research and low fees. Customers of parent company Bank of America will love the seamless, thoughtful integration, with a single login to access both accounts.

Pros

  • Robust third-party research.

  • Integrated with Bank of America.

Cons

  • Advanced traders may find fewer securities on offer.

Read Full Review
Vanguard
Learn more

on Vanguard's website

Vanguard

4.0

NerdWallet rating 
Vanguard

Fees

$0

per trade

Account minimum

$0

Promotion

None

no promotion available at this time

Learn more

on Vanguard's website


Promotion

None

no promotion available at this time

Why we like it

Vanguard is the king of low-cost investing, making it ideal for buy-and-hold and retirement investors. But active traders will find the broker falls short despite its $0 trade commission, due to the lack of a strong trading platform.

Pros

  • Large mutual fund selection.

  • Commission-free stock, options and ETF trades.

  • Leader in low-cost funds.

Cons

  • Basic trading platform only.

  • Limited research and data.

Read Full Review
Fidelity
Learn more

on Fidelity's website

Fidelity

5.0

NerdWallet rating 
Fidelity

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.

Learn more

on Fidelity's website


Promotion

Get $100

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

Why we like it

Fidelity offers $0 trading commissions, a selection of more than 3,700 no-transaction-fee mutual funds and top-notch research tools and trading platform. Its zero-fee index funds and strong customer service reputation are just icing on the cake.

Pros

  • Commission-free stock, ETF and options trades.

  • Large selection of research providers.

  • Strong customer service.

  • Expense-ratio-free index funds.

  • Highly rated mobile app.

Cons

  • Relatively high broker-assisted trade fee.

Read Full Review
TD Ameritrade
Learn more

on TD Ameritrade's website

TD Ameritrade

5.0

NerdWallet rating 
TD Ameritrade

Fees

$0

per trade

Account minimum

$0

Promotion

None

no promotion available at this time

Learn more

on TD Ameritrade's website


Promotion

None

no promotion available at this time

Why we like it

TD Ameritrade meets the needs of both active traders and beginner investors with quality trading platforms; $0 commissions on online stock and ETF trades; and a large selection of mutual funds.

Pros

  • Commission-free stock and ETF trades.

  • Free research.

  • High-quality trading platforms.

  • No account minimum.

  • Good customer support.

  • Large investment selection.

Cons

  • No fractional shares.

Read Full Review
SoFi Active Investing
Learn more

on SoFi Invest's website

SoFi Active Investing

4.0

NerdWallet rating 
SoFi Active Investing

Fees

$0

per trade

Account minimum

$0

Promotion

$5 to $1,000

in free stock for users who sign up via mobile app

Learn more

on SoFi Invest's website


Promotion

$5 to $1,000

in free stock for users who sign up via mobile app

Why we like it

SoFi Active Investing's $0 trading commission and $0 account minimum are attractive to new investors, but a lack of investment choices such as mutual funds and bonds is a drawback for those saving for retirement.

Pros

  • Commission-free stock and ETF trades.

  • Cryptocurrency trading.

  • Fractional shares available.

  • No account minimum.

  • Free financial counseling.

Cons

  • Small selection of tradable securities.

Read Full Review
E*TRADE
Learn more

on E*TRADE's website

E*TRADE

4.5

NerdWallet rating 
E*TRADE

Fees

$0

per trade

Account minimum

$0

Promotion

Get up to $600 or more

when you open and fund an E*TRADE account

Learn more

on E*TRADE's website


Promotion

Get up to $600 or more

when you open and fund an E*TRADE account

Why we like it

E*TRADE has long been one of the most popular online brokers. The company's $0 commissions and strong trading platforms appeal to active traders, while beginner investors benefit from a large library of educational resources.

Pros

  • Easy-to-use tools.

  • Large investment selection.

  • Excellent customer support.

  • Access to extensive research.

  • Advanced mobile app.

  • Commission-free stock, options and ETF trades.

Cons

  • Website can be difficult to navigate.

Read Full Review
Ally Invest
Learn more

on Ally Invest's website

Ally Invest

4.5

NerdWallet rating 
Ally Invest

Fees

$0

per trade (on eligible US securities)

Account minimum

$0

Promotion

$100-$3,000

in cash bonus with qualifying deposit.

Learn more

on Ally Invest's website


Promotion

$100-$3,000

in cash bonus with qualifying deposit.

Why we like it

Ally Invest’s robust trading platform and lineup of free research, charting, data and analytical tools make it a good choice for active traders. But it’s also appropriate for beginning investors who will appreciate that there is no account minimum and no annual fees.

Pros

  • Commission-free trades on eligible U.S. stocks, options and ETFs.

  • No account minimum.

  • Strong web-based platform.

  • Robust research and tools.

Cons

  • No no-transaction-fee mutual funds.

  • No branches.

Read Full Review
J.P. Morgan Self-Directed Investing
Learn more

on J.P. Morgan's website

J.P. Morgan Self-Directed Investing

4.0

NerdWallet rating 
J.P. Morgan Self-Directed Investing

Fees

$0

per trade

Account minimum

$0

Promotion

Get up to $625

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

Learn more

on J.P. Morgan's website


Promotion

Get up to $625

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

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

Pros

  • Easy-to-use platform.

  • $0 commissions.

  • App connects all Chase accounts.

  • No account minimum.

Cons

  • Limited tools and research.

  • Portfolio Builder tool requires $2,500 balance.

Read Full Review
Acorns
Learn more

on Acorns's website

Acorns

4.0

NerdWallet rating 
Acorns

Fees

$3 - $5

per month

Account minimum

$0

Promotion

$10 Sign Up Bonus
Learn more

on Acorns's website


Promotion

$10 Sign Up Bonus

Why we like it

If you want to make the most of your spare change and get the occasional retailer kickback, there’s really no better place to do that. The automatic roundups at Acorns make saving and investing easy, and most investors will be surprised by how quickly those pennies accumulate. The downside? At small balances, Acorns fees can cut into or completely wipe away investment returns.

Pros

  • Automatically invests spare change.

  • Cash back at select retailers.

  • Educational content available.

Cons

  • High fee on small account balances.

Read Full Review

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

More about the best investing apps

The star ratings above represent the provider's overall score across a variety of categories. Below, we've included more detail about how we rated these providers specifically for their mobile apps. Our mobile app analysis heavily weighs factors like customer experience (mobile app store ratings), account fees and customer support.

Merrill Edge

Merrill Edge’s investing app is highly rated among iOS users for its customer support and is integrated with Bank of America for a seamless investing and banking experience. It offers robust research and a library of educational content to help you find the right investment. The broker’s Idea Builder tool helps newer investors find the right investment, including environmental and social investors.

Merrill Edge’s mobile app rating: 5 out of 5 stars

Vanguard

Vanguard's mobile apps cater to the retirement investors Vanguard aims to attract, and they provide all the functionality needed by those account holders: Trade capabilities for stocks, ETFs and mutual funds, plus the ability to monitor account and investment performance. Users rate Vanguard's apps highly.

Vanguard's mobile app rating: 5 out of 5 stars

Fidelity

Fidelity's mobile apps are highly rated by users, and offer real-time quotes, advanced options trading strategies and streamlined access to investment research. Fidelity also offers a customized app experience for its Youth Account, with in-app educational resources.

Fidelity's mobile app rating: 5 out of 5 stars

TD Ameritrade

TD Ameritrade is known for its powerful trading platforms, and that extends to its mobile apps: The broker's highly-rated thinkorswim app is a solid companion to the desktop platform, offering many of the same capabilities. Traders can place simple to complex stock, ETF, options, futures and forex trades.

TD Ameritrade's mobile app rating: 4 out of 5 stars 

SoFi Active Investing

SoFi's two mobile apps are streamlined and likely to appeal to the broker's audience of beginner investors and traders. Because of that, the broker gets high scores from app users on both Android and iOS. Investors can place trades, track performance and get real-time quotes on mobile.

SoFi Active investing's mobile app rating: 5 out of 5 stars

E*TRADE

E*TRADE offers two free mobile apps that allow you to not only manage your account and place trades, but also access real-time quotes, as well as stock and ETF screeners. The broker's Power E*TRADE app can be used for trading complex strategies, including four-legged option spreads. It also offers access to popular technical studies, charts and streaming quotes.

E*TRADE's mobile app rating: 5 out of 5 stars

Ally Invest

Ally’s investing app offers competitive pricing that appeals to beginner investors and advanced stock traders alike. Commission-free trades, an easy-to-use platform and investing tools make it simple to get started. Ally also offers robust research and free screening tools, charting and real-time data. For more advanced trading, investors can access Ally’s suite of tools for technical investors, including forex trading. The drawbacks: Ally doesn’t offer no-transaction-fee mutual funds, which can be helpful in diversifying your portfolio.

Ally’s Invest mobile app rating: 5 out of 5 stars

J.P. Morgan

J.P. Morgan’s mobile app offers a way to begin investing and managing your portfolio. The Self Directed Investing app connects to Chase accounts, creating a seamless and streamlined experience for Chase customers to easily trade stocks, ETFs, options, bonds and mutual funds. However, J.P. Morgan’s additional investment products, such as the Portfolio Builder tool, require a $2,500 minimum that could be prohibitive to some investors. Self-Directed Investing also doesn’t allow investing in futures, forex or cryptocurrencies, nor does it offer fractional shares.

JP Morgan’s mobile app rating: 5 out of 5 stars

Acorns

Acorns offers socially responsible investment options, access to a diversified portfolio and investment options for individuals and families who start investing small with spare change.

Acorns allows investors to automatically invest spare change by rounding up credit and debit purchases and investing that change in a financial portfolio. Acorns mobile offerings also include Acorns Early custodial accounts for kids. Parents can invest on behalf of a child, and when the child reaches an age of transfer, they can take ownership of the account.

Acorns fees depend on the account balance, and may be prohibitive for investors with an account balance with less than $5,000. Acorns offers more limited customer support and no tax strategy as compared to other investment apps.

Acorn’s mobile app rating: 4 out of 5 stars

Firstrade

Firstrade offers a highly rated mobile app for iOS and Android. Investors have access to commission-free trades across stocks, ETFs and mutual funds, as well as $0 contract fee for options trading. Firstrade may be attractive to international consumers: It is available in Chinese, and open to international investors.

First Trade’s mobile app rating: 5 out of 5 stars

Charles Schwab

With no account minimum or annual fee, the Schwab mobile apps are easy to use for investors both new and experienced. Schwab mobile and StreetSmart mobile apps allow commission-free trades across a wide selection of stock, options, and ETFs, and the broker provides access to over 4,000 no-transaction fee mutual funds. Schwab is also highly rated for its research, including Schwab’s own equity ratings and analysis from 14 providers including Morningstar, Credit Suisse and Thompson Reuters.

Schwab’s mobile app rating: 5 out of 5 stars

Last updated on May 4, 2022

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

Marcus by Goldman Sachs Online Savings Account

5.0

NerdWallet rating 
Marcus by Goldman Sachs Online Savings Account

APY

0.70%

With $0 min. balance for APY

at Marcus by Goldman Sachs, Member FDIC

Discover Bank Online Savings

5.0

NerdWallet rating 
Discover Bank Online Savings

APY

0.60%

With $0 min. balance for APY

Bonus

$200

Requirements to qualify

at Discover Bank, Member FDIC

American Express® High Yield Savings Account

4.5

NerdWallet rating 
American Express® High Yield Savings Account

APY

0.60%

With $1 min. balance for APY

at American Express National 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). Ratings are rounded to the nearest half-star.

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

Frequently asked questions