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Investing apps are a great way to invest your money in an easy and accessible way. These apps allow investors to access and keep track of their investments quickly. Investors can also get financial advice and investment strategies from these apps. We summarize the top 20 best investing apps in US and Canada. Without all the jargon, here is the list.
Best Investing Apps Right Now in 2023
Top 20 Best Investing Apps To Use in 2023
- Best Investing Apps Right Now in 2023
- Best Investment Apps Canada
1. Interactive Brokers
Interactive Brokers is an excellent investing app for anyone who wants a range of investment options. These include stock trade, options trade, futures, mutual funds, ETFs, and cryptocurrencies. They also offer customers various educational resources with courses, webinars, podcasts, market commentaries, etc. These allow investors to learn more about trading, financial markets, and the trading tools used on the app.
Wealthfront is one of the best automated investing apps. It delivers a great, digital-only investment experience that allows users to access comprehensive money management features. Features on the app are user-friendly and include ones that give users financial guidance, account aggregation, goal-setting, investing, and banking options. Users can also automate finances through a rules-based approach used on that app that they can use to move money between accounts.
Fidelity is one of the best online investing apps for users to fulfill their financial goals. The app prides itself on its low fee structure, high-quality customer service, and tools and features that help users manage everyday finances. Users can invest any amount of money they want while tracking their spending. Investment options that are available on the app include trading stocks, mutual funds, ETFs, bonds, CDs, etc.
4. TD Ameritrade
TD Ameritrade is among the best stock trading apps for beginners and experts. Beginners in investing can benefit from their range of educational features that empower users to understand the market better and investing in general. The app has a workflow that focuses on what users need to buy and sell and monitor their portfolios. With the thinkorswim feature, the workflow can allow users to customize charts, analyze positions, etc.
Tastyworks is one of the best apps for options trading. The app focuses on intuitive tools and education and has a seamless design. The mobile version mirrors the app’s desktop version, giving users access to order types, asset classes, quote streaming, etc. The desktop version of the app offers more features. However, the mobile version allows options traders to trade on the go seamlessly.
TradeStation is an excellent investing app for active traders who make frequent transactions in the market. They do not take an annual fee from users while offering low transaction fees, making it perfect for anyone who often makes multiple transactions. They also provide a suite of trading technology, online brokerage services, and education on trading. Through the app, investors can also invest in various assets, including trading stocks, bonds, ETFs, futures options, mutual funds, etc.
E*Trade was first created in the 80s and has become part of one of the best companies known for wealth management, investment advisory services, market insights, etc. The app is great for investors looking for a trading platform without minimum balance or account fees. E*Trade offers a range of investment options to its users. These include stocks, options, futures, ETFs, bonds, etc.
An excellent investment app for automated investing comes in the form of the Betterment app, one of the pioneers of automatic and robo-advising in the space. Investors looking for an app that offers hands-off investment can use Betterment to help them customize flexible portfolios. The app has low costs and requires no minimum balance while offering diversified ETFs. Users can also opt for the premium plan to get real-life financial advisors for an annual fee.
Acorns also meets our list of the one of the best investing app that gives users access to robo-advisors, IRAs, and checking accounts. It is one of the best apps for anyone looking for micro-investing and beginners. The app has a unique feature that takes users’ spare change and puts it into diversified ETFs by sweeping the user’s accounts, rounding up costs, and investing the difference.
Robinhood is another excellent app for active investors. It has no commission for users who buy and sell stocks and does not require a minimum for opening an account or investing. It offers options for stock trading, options, ETFs, and cryptocurrency. Users can also get access to IPO shares and build their portfolios based on their research and knowledge of the market.
Webull is an excellent investing app for investors looking for retirement savings and who actively invest. They give users a commission-free trading option on stocks, options, ETFs, and crypto, with additional access to IPO and fractional shares. Users can manage their retirement funds and stocks using the app and the IRAs offered on the app. They also allow users to customize the app’s desktop version, which is excellent for investors with extended trading hours.
Investors who prefer out-of-the-box investment options and opportunities can use Public. It is an investing platform that allows users to invest in stocks, ETFs, crypto, art, NFTs, collectibles, etc. Users also access the app’s custom company metrics, live market shows, and real-time market analysis. The app offers investment options that are not found in many investment apps.
13. Ally Invest
Ally Invest is an online-only bank with numerous investment accounts and tools. Beginners can use excellent customer support to help them with their investing needs. The app has unique features and tools, including a self-directed trading account, robo-portfolios, personalized guidance from experienced wealth advisors, Forex trading, IRAs, cryptocurrencies, etc.
Investr is an excellent investment app for education on investing. It combines learning and real-life investing to allow beginners to get into stocks. The app also blends fantasy stock gaming to assist users in managing their virtual portfolios while providing access to experienced investors’ insight on stocks and investments. Users can turn the fantasy picks in the game into real-life stakes by buying fractional shares and whole shares on the app with no commission.
Wealthbase is another investing app for traders who prefer trading games and contests. This app is one of the best apps available for stock market games while also a user-friendly investing app that allows users to enjoy picking stocks and trading crypto. The app combines social media and stock picking, allowing users to access a feed of the stocks selected by friends and receive updates on the winners.
16. Charles Schwab
Charles Schwab is an excellent investing app for experts and beginners. The app provides a variety of research and education for beginners about investing and personal finance. The app also offers fractional shares that allow users to invest in stocks. They have zero commission stocks, ETF trades, no transaction fee funds, cash bonuses, and promotions, and they are great for mutual fund investment.
Ellevest is a top-ranked robo-advisors investing app that is also socially responsible. It creates investment portfolios and plans while considering different circumstances for the women who use the app. These portfolios can be incorporated in ESG or social impact funds to invest in companies with more women leaders supporting affordable housing and community services. Ellevest also offers attractive returns and makes investing accessible for everyone.
Fundrise is an investment app that allows users to invest in commercial real estate with any amount of money. The app offers users information on potential deals, allowing users to access more inaccessible deals and reinvest dividends. No financial commitments are required to make investments through the app. It also has an excellent return record and is managed by experts in the space.
19. SoFi Invest
SoFi Invest is an investment app that began with a focus on student loan refinancing and personal loans. It has since incorporated other areas of personal finances like investment accounts, checking accounts, and savings accounts. The app suits investors looking to invest in stocks, ETFs, IPOs, and crypto.
20. M1 Finance
M1 Finance is a money management and investment app that allows users to do self-directed trading, automated investing, financial shares, margin lending, IRAs, etc. It is an excellent app for investors who want to balance investing, cash management, and borrowing under a single platform. It includes investing options in stocks, ETFs, and cryptocurrency.
Best Investment Apps Canada
Questrade is an app that provides you with two unique ways to invest but with lower fees. You get to have access to a pre-built portfolio, which is designed by experts to ensure that you are able to achieve your financial goals fast and smoothly, and also buy and sell investments. This app has also been ranked #1 Self-Directed Online Brokerage by J.D. Power in Investor Satisfaction. Questrade tries and keeps its costs low so investors can keep more of their money. They charge a minimum of $4.95 and a maximum of $9.95 for stock trading.
22. Wealthsimple Trade
Wealthsimple Trade is an app that provides an investor with commission-free stock trading. They have a ‘no account minimum’ which indicates that you can start your account with as little as $1. This platform lets Canadians buy and sell US stocks too. You get to have access to snap quotes with real-time pricing on demand along with higher instant deposits with premium features. The app continues to develop and improve, planning to bring in features such as – notifications when there is a move in stock prices and news and regular updates on the stocks you follow. They have three different accounts available – Personal account which is the most common taxable account for any extra money you’d like to trade, TFSA account which allows you to avoid taxes on the gains that you make over time, and RRSP account which is for retirement and it lets you avoid taxes and pay them once you retire. Wealthsimple Trade doesn’t charge you any fees. However, it charges a 1.5% currency conversion fee on Canadian to US dollar conversions (and vice versa) when trading US-listed securities.
23. Wealthsimple Invest
Wealthsimple Invest believes in the concept of ‘investing on autopilot.’ Thus, you get to invest in an intelligent portfolio with low-fee funds designed to ensure that you are able to meet your financial goals. You can diversify your investments by minimizing risks and maximizing rewards because they invest your money in the entire stock market with the help of Exchange Trade Funds (ETF). They help you choose your appropriate risk level, one that you are comfortable with and then help you build a custom portfolio based on your financial goals. The concept of ‘passive investing’ is backed by Nobel Prize-winning research, wherein there is tracking the market over some time with the help of a diversified portfolio. This is considered one of the most reliable ways of growing your money over a long period of time. It also has one of the best fee structures in place to help you continue investing at an affordable rate.
The app Mylo which has recently been rebranded as the Moka app is ideal for those who are clueless on how to live their retired life with adequate investment and savings in place, allowing you to pay off your debts faster in a personalized manner. It is designed to help you save cash in every month by automatically automating your savings in a convenient, simple, and seamless manner. Moka allows you to invest your change into ETFs through an automated process. Using this app also enables you to win lucrative cashback, get access to a friendly financial coach who has an answer to all your queries and also end up donating the spare change you might have to any of the 85,000 registered Canadian charities. They truly believe in the idea that ‘it’s never too early or late to invest’ and ensure that you feel the same when using the app.
25. Interactive Broker
The Interactive Brokers app is the professional’s gateway to the world’s market. They promise to provide you with low commissions and transparent financing rates which support users with the best price execution as well as stock yield enhancement programs that ensure you are able to maximize your returns and minimize costs. Their low trading costs and lowest financing costs ensure that you get to earn extra income, by investing in global stocks, options, currencies, bonds, futures, and funds from one single integrated account. You can fund your account in a variety of currencies (23 to be precise) and get access to 135 market data from 33 countries, six days a week and 24 hours a day. This app is trustworthy and its strong capital position is proof of that.
26. CIBC Investor’s Edge
The CIBC Investor’s Edge app can be used by paying a flat fee of just $6.95 for each online equity trade and there are no minimums involved either. You get to trade, monitor, and stay informed about stocks, get access to free research and analysis from industry leaders, choose between registered and non-registered account options, have constant access to help whenever you need it, and also get to choose from a wide selection of investment options. Through this app, you can not just build your portfolio but also expand your knowledge of stocks and trading. Also, your investment accounts and online banking stay well protected by the CIBC Digital Banking Security Guarantee. They have over 150 years of experience in serving Canadian clients so be rest assured that you’ll surely achieve all your financial goals through this app!
These apps are all easy to use once you open an account. All your investment and finance needs will be easily accessible on the go or on a desktop version that you can use at your convenience.
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