The Best Investment Apps for Android
Investment apps continue to grow in popularity, with more people turning to them to manage their money. However, this growth has been met with competition from robotic advisors and equity trading platforms. To rank the best choice in the industry, we did extensive research on these US-based providers. Our findings show that robotic consulting and equity trading platforms have prevented this transition by focusing on improving their mobile application experiences. This makes them the best choice for many groups of investors. ..
Brokers’ desktop trading platforms have traditionally had more features and capabilities than mobile but the experiences and features have become increasingly virtually interchangeable. This improved consistency between mobile and desktop offers investors a more synchronized experience in terms of notifications, watchlists and updates, improving the ease with which you can track your money and monitor your investment goals. The best news is that there are many options to choose from. To help you find the right app for your needs, Select has reviewed over three dozen apps from robot advisors, fintech startups, large banks and traditional brokerages.
Check out the list of the best investing apps for Android
Wealth
Wealthfront is a financial planning and investment company that allows users to open an account quickly and easily. Wealthfront provides a questionnaire to help users determine their financial goals and risks, and then displays a portfolio of potential investments. Opening an account with Wealthfront is simple, taking only about four or five minutes. ..
After completing the initial questionnaire, you will choose your account ownership structure with options ranging from individual and joint brokerage accounts, trust, traditional, Roth, simplified employee pension (SEP) and rollover individual retirement accounts (IRAs) , up to a unique 529 account.
TD Ameritrade
TD Ameritrade offers a wide range of third-party research from highly reputable sources, including the Federal Reserve Economic Database, the Center for Financial Research and Analysis, and Morningstar. In addition to its website TD Ameritrade and mobile platforms, the highly rated thinkorswim platform offers professional-grade trading on desktop and mobile. ..
Fractional stocks are a type of investment that allows investors to invest by dollar value rather than by share. This allows investors to build a portfolio of stocks that can be very expensive otherwise.
interactive brokers
Interactive Brokers is a highly reliable global market broker with an extensive offering of tradable global markets. It offers competitive fees and high-quality research and education, as well as a modern set of institutional-grade trading platform. Professional traders will enjoy its advanced trading tools and sophisticated order type settings, although these features can be overwhelming for beginners, and Meta Trader is not available as an alternative platform option.
Interactive Brokers offers a significant range of tradable global markets. However, the availability of these markets will depend on where you reside and which Interactive Brokers entity holds your account. For example, retail spot forex trading is not available for the US if you reside in the US.
Nuts
Acorns tries to make this as easy as possible. With no account minimum, you can quickly start recurring contributions and also round up your purchases in linked accounts to get money on the market, even if you don’t consider yourself an investor.
The Acorns savings platform is easy to use and doesn’t require a lot of effort to get started. If you’re someone who wants a little push to get started, Acorns’ robotic service makes a lot of sense.
E*TRADE
Clients can choose from four categories of managed portfolios that are professionally managed and built for whatever stage an investor may be at on their investment journey. ETRADE’s robotic advisor, ETRADE Core Portfolios, is particularly interesting with a minimum investment of just $500.
ETRADE is a well-known and respected stockbrokerage company with a large following among options traders. Their free Power ETRADE platform has a particularly large fan base among these traders.
Vanguard
Vanguard has a wide variety of low-cost, fee-free mutual funds and ETFs. The company has a strong reputation for well below average expense ratios across its index funds and exchange-traded funds.
However, the low-cost offerings make Vanguard a great choice for those looking to combine a buy and hold strategy with the lowest cost offerings.
Webull
Webull offers commission-free US stock, ETF and options trading with no downtime fees. Account opening is seamless, fully digital and very fast. Trading platforms are well structured and easy to use, with many types of orders. On the negative side, Webull’s product portfolio is limited, covering only stocks, ETFs and options.
We compared Webull’s rates with those of two similar brokers we’ve selected, moomoo and Robinhood. We found that Webull offers a lower fee structure, fewer products, and a less customer-friendly experience than either of the other two brokers.
Merrill Edge
Merrill Edge is the online brokerage that combines the services of Bank of America and Merrill Lynch. This makes it a strong choice for those looking to invest or grow their portfolio. Merrill Edge has a variety of features to help you get started, including a robust online brokerage and multiple investment options.
The real stock screening tool has over 200 filters, including categories such as analyst opinions, earnings and growth, valuation, financial and technical strength. Screeners are also available for mutual funds, ETFs, options and fixed income investments. A monthly report by the Research Investment Committee (RIC) where analysts share investment ideas and recommend certain asset allocations.
tasty works
Tastyworks is a niche investment broker that specializes in actively trading stocks, exchange-traded funds, options, futures and cryptocurrencies. The company is an offshoot of Tastytrade, a financial network with daily live programming of on-air traders and original content to educate and entertain active investors.
Frequent traders can take advantage of the low fees and features of this platform designed specifically for them. The company strives to attract merchants of all ages and levels. ..
Improvement
Betterment is a digital investment platform that charges a 0.25% management fee, among the lowest in the industry. For a slightly higher fee of 0.40%, Betterment also offers a Premium plan that gives customers unlimited access to financial advisors (all CFP® professionals) for phone. ..
Betterment offers a spot account with variable APY, currently 0.10%. It also offers a valuable checking account with no fees. Combined, these cash management accounts allow investors to keep all their finances in one place. Betterment is one of the few robotic advisors that does not require a minimum balance to provide clients with automatic tax loss collection.
Final note
Best Investment Apps for Android
- Robinhood: This app is a great investment app that allows you to invest in stocks and other assets. Robinhood has a user-friendly interface and offers a variety of features, such as margin trading and portfolio management.
- Fidelity: Fidelity is an investment company with over $200 billion in assets under management. They offer a variety of investment products, including mutual funds, stocks, bonds, and real estate.
- Vanguard: Vanguard is an investment company with over $700 billion in assets under management. They offer a variety of investment products, including mutual funds, stocks, bonds, and real estate.
- TheStreet: TheStreet is an online financial news site that offers information on stocks and other investments. They have a user-friendly interface and offer a variety of features, such as stock analysis and stock tips.
