2023’s Best Investment Apps for Low-Cost Trading and Portfolio Management

Investing can be a great way to grow your money over time. However, it can also be a bit daunting, especially if you’re not sure where to start. That’s where investment apps come in. These apps can help you make investing easy and accessible, even if you don’t have a lot of experience.

In this article, we will discuss the five best investment apps for iPhone. We will cover what each app offers, as well as its pros and cons. We will also provide some tips on how to choose the right investment app for you.

So, whether you’re a complete beginner or a seasoned investor, read on for the best investment apps for iPhone.

1. Acorns (Website / App Store / Google Play)

Acorns is a great app for beginners. It allows you to start investing with as little as $5. The app rounds up your spare change from everyday purchases and invests it for you. You can also set up automatic deposits from your bank account.

Acorns offers a variety of investment options, including stocks, bonds, and ETFs. The app also offers a robo-advisor service that can help you create a personalized investment portfolio.

Pros:

• Easy to use
• Low minimum investment
• Robo-advisor service
• A variety of investment options

Cons:

• Some fees
• Limited investment options
• No access to individual stocks

2. Robinhood (Website / App Store / Google Play)

Robinhood is another popular app for beginners. It offers commission-free trading on stocks, ETFs, and options. You can also trade cryptocurrencies like Bitcoin and Ethereum.

Robinhood is a great app for investors who want to trade frequently. However, it’s important to note that the app does not offer any investment advice or research. You’re on your own when it comes to making investment decisions.

Pros:

• Commission-free trading
• A variety of investment options
• No account minimum
• Easy to use

Cons:

• No investment advice or research
• Limited investment options
• Cryptocurrencies are a risky investment

3. Betterment (Website / App Store / Google Play)

Betterment is a robo-advisor app that offers automated investing. The app takes into account your risk tolerance and investment goals to build a personalized investment portfolio.

Betterment offers a variety of investment options, including stocks, bonds, and ETFs. The app also offers a tax-loss harvesting service that can help you reduce your tax liability.

Pros:

• Automated investing
• A variety of investment options
• Tax-loss harvesting
• Low fees

Cons:

• No access to individual stocks
• Limited investment options
• Some fees

4. Wealthfront (Website / App Store / Google Play)

Wealthfront is another robo-advisor app that offers automated investing. The app takes into account your risk tolerance and investment goals to build a personalized investment portfolio.

Wealthfront offers a variety of investment options, including stocks, bonds, and ETFs. The app also offers a tax-loss harvesting service that can help you reduce your tax liability.

Pros:

• Automated investing
• A variety of investment options
• Tax-loss harvesting
• Low fees

Cons:

• No access to individual stocks
• Limited investment options
• Some fees

These are just a few of the many investment apps available for iPhone and Android. When choosing an app, it’s important to consider your needs and goals. Some apps are better suited for beginners, while others are better for experienced investors. It’s also important to compare fees and features to find the best app for you.

Investing can be a great way to grow your money over time. However, it’s important to remember that there are risks involved. Before you invest, be sure to do your research so you have the best chance for success.