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5 Best Investing Apps For Beginners and Experts

Mobile investing apps allow beginners and experts to automate their investing using a robo-advisors and make trades right a smartphone.

Beginner investors don't have to know everything about investing before getting started. 

While you're educating yourself and discovering your investment style (risk tolerance), using an investing app for beginners and experts that feature robo-advisors offers a way to invest without thinking about it.

5 Best Investing Apps For Beginners and Experts

Robo-advisors are automated investment management services. Your money is invested for you based on your specific goals. Most robo-advisors allow you to be hands-on like picking stocks on your own, or they will choose the stocks for you, depending on you're how much risk you're comfortable with.

Our picks for best investing apps for beginners and experts:

1. SoFi Invest – Best for Beginner Investors

SoFi Automated Investing (Robo-Advisor) offers beginning investors access to real-life financial advisors for free. SoFi allows investors to be hands-on or hands-off with pre-built portfolios based on risk tolerances and personal finances. Plus, SoFi offers investors the opportunity to invest in newly public companies with IPO investing.

  • Suggested account minimum $10 to get $25 worth of your favorite stock to start building your portfolio.
  • Broad range of low-cost investments.
  • The ability to invest in fractional shares of company stock.
  • Multiple investment choices like Stocks, ETFs, cryptocurrencies, plus several ESG-themed assets
  • Cryptocurrency trading available for bitcoin, ethereum, and other digital assets.
  • Access to Certified Financial Planners at no additional charge.

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2. Magnifi – Best for AI To Help You Invest

Magnifi represents an AI-powered investment platform that tailors its recommendations according to the users search behavior. It serves as an ideal option for retail investors seeking personalized investment advice and an opportunity to explore trading with smaller investment amounts. Whether you aim to receive customized investment recommendations or wish to enhance your knowledge about the trading world, the Magnifi investing app caters to your specific needs.

Investors can ask Magnifi an investing question like “What's the best way to invest $100” and Magnifi will assist in find options for you.

  • 7-Day Free Trial. Thereafter, monthly fee of $14 or annual fee of $132.
  • Commission-free investing – no trading fees.
  • 1-to-1 conversation to ask questions, get insights and invest at your own pace.
  • Over 15,000 possible investments.
  • Search investments by category or personal interests.

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3. Acorns – Best for Micro Investing

Acorns offers one of the best hands-off approaches to investing with micro-investing. Micro-investing involves purchasing fractions of shares in small increments. This approach is well-suited for beginner investors who don't want to think about setting money aside every month to invest. Plus, there's lots of educational content designed for beginners.

Round-Up Feature. Acorns provides users with the ability to engage in micro-investing through its innovative Round-Ups® feature. By connecting their credit or debit card accounts to their Acorns app, users can seamlessly invest their spare change into diversified ETFs. The app works by rounding up the purchase amounts to the nearest dollar and investing the difference, allowing users to effortlessly grow their investments with every transaction they make.

  • Minimum $10 to start.
  • Acorns uses a series of questions to determine how to allocate your assets, then assigns your funds to a specific portfolio of ETFs.
  • Automatically invests spare change in a diversified portfolio.
  • All-digital banking with a metal debit card that saves & invests for you.
  • Easy, automated way to invest for retirement.
  • Earn money feature adds money to your Acorns account when you shop with one or more of 350+ top brands like Walmart, Chevron, Apply, Sam’s Club, Sephora, Kohl’s, Old Navy, Macy’s.
  • Diversified ETFs which include more than 7,000 stocks & bonds.

Acorns offers two plans. Personal plan for $3 per month or Family plan for $5 per month. Both plans includes a checking account, investment account and retirement account.

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4. M1 Finance – Best for Buying Fractional Shares

M1 Finance is a type of hybrid robo-advisor that offers blend of automated hands-off investing with a wide selection of tailored investment portfolios and hands-on investing with the option to pick individual assets to create a customized portfolio of your choice. Buy fractional shares for as little as $1 worth of a security. Instead of buying a whole share, investors have the option to purchase only a fraction of it.

Buying fractional shares makes it easier for expert investors and beginners with little money to invest in expensive stocks or assets.

  • Suggested account minimum $100.
  • Get started quickly with pre-baked Expert Pies designed for a multitude of goals or investment styles.
  • Offers 80+ tailored portfolios, spanning a variety of investment strategies.
  • Fractional shares let you buy as little as $1 worth of a security, regardless of price.
  • Option to choose from 6,000+ stocks and ETFs to build a customized investment plan.

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5. Axos Invest – Best for No Monthly Fees

Axos Managed Portfolios builds portfolios that align with each investor's risk tolerance, time horizon, and investment return goals supporting personal investment accounts, traditional IRAs, Roth IRAs, and SEP IRAs.

  • Suggested account minimum $500.
  • Earn a $100 Bonus to open new account.
  • Highly customizable portfolio options.
  • Goal-based planning tools.
  • Fractional shares mean all your cash is invested.
  • Low account minimum and fees.
  • Robust goal-based tools.

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How mobile investing apps work?

A mobile investing app works by connecting users to their investment accounts and providing them with a user-friendly interface to manage their investments.

  • Download the App. Users can download the app onto their smartphones and create an account with a brokerage firm or investment platform.
  • Link Bank Account. Once the mobile investing app is set up, you can link a bank account to the app and transfer funds for investing.
  • Dynamic Information. The app allows users to view real-time stock prices, track their investment portfolios, and make trades directly from their smartphones.
  • Robo-Advisor. Some apps also offer features like personalized investment recommendations, educational resources, and tools for analyzing market trends. Overall, mobile investing apps make it easy for individuals to stay connected to the stock market and make investment decisions on the go.

Benefits of using a mobile investing app

There are several benefits to using a mobile investing app.

First. Mobile investing apps offer convenience and accessibility. With an investing app, you can manage your investments anytime and anywhere, as long as you have your smartphone with you. This means you can stay updated on market trends and make trades even when you're on the go.

Second. Mobile investing apps often have user-friendly interfaces that make it easy for beginners to navigate and understand. They may offer educational resources and tools to help users make informed investment decisions.

Third. Mobile investing apps often provide real-time stock prices and portfolio tracking, allowing you to stay on top of your investments and make adjustments as needed. Some apps even offer personalized investment recommendations based on your financial goals and risk tolerance.

Are Mobile Investing Apps Safe?

Funds in an investing app receive the same level of protection as they would at any brokerage firm. Your money is safeguarded by the Securities Investor Protection Corporation (SIPC) that provides insurance coverage of up to $500,000 for your investments, should brokerage goes under.

Final thoughts

A mobile investing app is a convenient application that allows individuals to invest, track their investment portfolios, and make trades directly from their smartphones.

You might want to consider trying out a few different apps before committing to one. Many apps offer free trials or demo accounts, allowing you to test out their features and see if it's the right fit for you.

Whether you're a beginner investor or an experienced trader, mobile investing apps offer a user-friendly interface and a range of features to help you make informed investment decisions.

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