5 Investing Apps for Beginners To Try

June 2, 2021 •


Investing can be a lucrative endeavor, and you don’t have to be on Wall Street to start building your portfolio. Thanks to modern technology, you can easily begin investing on a mobile app. Whether you’re looking to invest with little money or want to level up your skills and knowledge, check out these five highly-rated, beginner-friendly investing apps.

1. SoFi Invest

Good for beginners interested in crypto 

Rating: 4.8 out of 5 stars

With no fees or commissions on trades, SoFi Invest provides a low-risk, user-friendly platform for beginner investors. With as little as one dollar, you’ll have access to a diverse investment selection of ETFs and stocks. For those interested in dipping their toe into crypto, you can even trade Bitcoin on the app for an added fee or redeem crypto from your rewards for free. 

2. Betterment

Good for beginners with goal-oriented investments

Rating: 4.8 out of 5 stars

For those with investment goals, Betterment’s purpose-driven portfolio strategies are right for you. Depending on your pricing plan, this app will do all the investing, trading, and rebalancing for you automatically. With relatively low annual fees set at 0.25% or 0.40% of your account balance, beginners can start investing and reaching their goals with absolutely no knowledge or experience. 

3. Charles Schwab 

Good for beginners who want control of their portfolio

Rating: 4.8 out of 5 stars

Not every beginner wants to be completely hands-off when it comes to their money. If you prefer to take control, Charles Schwab has all the resources you need to succeed. This app offers free research to help you make informed investments. You can also use that knowledge to trade with zero fees or commissions. Since you’ll be calling all the shots, it’s wise to check out your projected investment profits with this online calculator before you make a decision. 

4. Acorns

Good for beginners with want to invest with little money

Rating: 4.7 out of 5 stars

For a lot of people who want to start investing, having enough funds to get started can be a big barrier to overcome. Acorns helps to break down this barrier using a micro-investment model. With this app, you can round up everyday purchases that you make and use the spare change to begin investing. Pick from three different pricing plans depending on what you want to grow your money for and let the Acorns advisors do the work for you.

5. Stash

Good for beginners who are lifelong learners 

Rating: 4.7 out of 5 stars

Investing is a world of information, and it’s not easy for beginners to know exactly where to start. The Stash app has a wealth of educational resources to teach you the basics and offers investing advice personalized to you. Depending on your chosen price plan, you can put your knowledge to work by investing in fractional shares from well-known brands or you can invest in accounts for your children or retirement. 

With investing, time is money, so use one of these apps to start growing your money today! Remember that in addition to growing your money, there are plenty of apps out there to help you save money and find deals too. 

If you’re looking for other apps to fill your investing needs, check out the infographic below from Mint on the 10 best investing apps for beginners.