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Top Investment Apps for June 2024


Best Investment Apps of 2024: Reviews and Recommendations

Business Insider has released its list of the best investment apps of 2024, providing investors with a comprehensive guide to the top platforms for trading stocks, bonds, ETFs, crypto, and more. These apps offer low fees, access to research, educational resources, and user-friendly interfaces, making investing more accessible to all.

The top investment app overall, according to Business Insider’s editors, is ETRADE. This app is a one-stop shop for investing, catering to both seasoned investors and beginners. ETRADE eliminates all stock and ETF trading fees and offers Core Portfolios for those not interested in self-directed investments. With a minimum account funding requirement of $500, investors can access a recommended tax-sensitive portfolio of ETFs and receive one-on-one advising with a financial consultant.

For automated investing, Betterment Investing is recommended as one of the strongest stock apps and robo-advisors. It offers low-cost trading, account flexibility, CFP access, and goal-based investing. Betterment Investing provides cryptocurrency portfolios, socially responsible portfolios, tax-loss harvesting, personalized retirement plans, and options for charitable giving.

Robinhood Investing is highlighted as the best app for active traders, offering commission-free trading options for US-exchange-listed stocks, ETFs, options, and cryptocurrencies. Investors can upgrade to Robinhood Gold for additional features like larger instant deposits and research reports from Morningstar.

Acorns Invest is recognized as the best investing app for mobile users, providing automated trading strategies and customized ETF portfolios. While Acorns is more expensive than some beginner-friendly apps, it offers a range of account options for individual brokerage, IRA, custodial, emergency fund, and cash accounts.

M1 Finance is recommended for portfolio customization, offering brokerage accounts, cash management accounts, and lending services. With M1 Finance’s Pies feature, investors can build their investment strategy with stocks and ETFs or choose from pre-built portfolios. An M1 Plus subscription provides additional features like morning and afternoon trading windows and custodial accounts.

Ellevest is highlighted as the best app for goal-driven investing, encouraging investors to build a custom portfolio around their goals. The app considers gender, lifespan, and earning potential to create a personalized portfolio of mostly ETFs, with options for socially responsible allocation.

Vanguard is recommended as the best app for retirement plans, offering a wide selection of investment options, self-directed brokerage accounts, and managed account options. Vanguard specializes in retirement plans like traditional or Roth IRAs, SEP IRAs, 401(k) rollovers, and individual 401(k)s.

Wealthfront is recognized as the best app for socially responsible investing, providing low-cost automated trading, tax-loss harvesting, and socially responsible investing portfolios. Wealthfront’s portfolios rely on Blackrock funds that track ESG indices, making it a great option for long-term investing goals.

Overall, the best investment app for you will depend on your investment goals, risk tolerance, time horizon, and preferred investment style. Consider the features and offerings of each app to find the one that aligns best with your financial situation and objectives.

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