If you use your smartphone for most things, it may be easy to use an app for investing.
Here we list the best apps for investors who want to trade stocks and investment funds on the go.
In this article we will cover:
This article contains affiliate links from which we may earn money*.
read more: Best investment platform for beginners
What is an investment app?
If you want to invest in individual stocks or diversified funds, one way is to register with an investment platform.
Most investment platforms now offer apps that can be downloaded to your phone or tablet. These apps allow you to invest and track your holdings from the palm of your hand.
Using an app for investing makes it very easy to buy and sell on the go.
However, like all apps, there is some variation in quality and reliability. So, we’ve taken a closer look below to see which platforms have the best apps.
Remember, it’s not just about the app. Choosing the right investment platform is equally important. That’s why we provide an overview of the best investment platforms for beginners.
If you want to learn more about how to start investing, read our Beginner’s Guide to Investing.
Investing for Beginners: Everything You Need to Know About Asset Allocation
best investment app For all-round investors
To find out which investment apps are the most sophisticated and easy to use, we downloaded and tried them out.
We also read reviews and scores on the Apple Store and Google Play Store to see what users are saying.
This app allows you to track not only your trades but also your performance and is intuitive to use.
Hargreaves Lansdown is the highest rated full-service app in the Apple Store and one of the highest rated apps in the Google Play Store. This allows you to easily trade as well as monitor investment performance.
HL is not the cheapest. Its platform and trading fees are a little higher than some competitors. But if it’s reliable and you feel secure in being with a market leader, this could be the place to put your money.
Its app is very smooth and easy to use. Not only can you invest, but you can also track your performance. Its simplicity earns it high marks on the Apple Store and Google Play Store, where it receives a 4.8 out of 4.2 rating, respectively.
If you are an inexperienced investor and want an app that allows you to choose from a diverse portfolio, Nutmeg is a great choice. You can easily check your performance.
Platform fees are extremely low at 0.15% and cost of funds ranges from 0.31% to 0.45%, making it one of the lowest cost options on the market.
From initiating pension transfers to choosing investments and monitoring performance, you can do it all within the app.
Pensionbee only offers ready-made portfolios, but there are a variety of options, including ethical funds and Sharia funds.
Our pricing is competitive and we also offer drawdown services, so you don’t have to shift your funds elsewhere after you retire.
It helps customers save more by analyzing their spending habits and scraping excess into their savings pot.
The app is intuitive, easy to use, and highly rated on both the Apple Store and Google Play Store.
Lightyear – up to 4.50% interest on stocks, funds and uninvested cash
Sign up with promo code TIMES and deposit at least £50 to receive US Fractional Shares worth $10. Please use this link to sign up. Offer valid for new customers only. Terms and conditions apply.
This is a paid financial promotion. Interest rates may change. Capital is at risk.
Investment apps recommended for beginners
If you’re new to investing, you may need more hand-holding as your investments progress. Moneyfarm* is our favorite for new investors.
You can also try our investment course for beginners.
Its app is intuitive and allows investors to replenish their investments and track performance on the go.
Although all of Moneyfarm’s portfolios are actively managed, they are still very competitive in terms of pricing.
Are investment apps worth it?
Investing apps are definitely a great way to track the performance of your portfolio. If you are a regular trader, the app allows you to buy and sell quickly and easily on the go.
However, all investments involve varying degrees of risk, and investing should not be made without proper thought and research. The value of investments can go down as well as up, and you could get back less than you invest.
Therefore, it is important not to make hasty decisions due to the simplicity of the app.
Advantages and disadvantages of investment apps
Strong Points
- An easy way to track portfolio performance
- Adding money and trading is quick and easy
- The small screen format allows the platform to communicate clearly and easily. Most platform apps are also very intuitive to use.
Cons
- It makes trading much easier and facilitates quick decisions that can be costly.
- It’s easy to get distracted when you’re on the go, which can lead you to make mistakes or make investment decisions that you later regret.
Also consider the cost
While ease of use is important when choosing a platform, it’s equally important to keep an eye on cost. When it comes to investing, the fees you pay to a platform are one of the only certain pieces of information.
However, once you’ve narrowed down your choice to a few companies that offer a good investment and don’t look too expensive, this article will help you decide which apps have the most sophisticated user experience.
Research: The impact of fees on investment returns
Are investment apps safe?
Investment apps tend to be very safe. They typically require a password, PIN, or biometrics, making it difficult for anyone to access your phone if it’s lost or stolen.
However, there are some that can do without biometric security. If you only protect access with a password or his PIN, don’t write it down anywhere and use a secure password that can’t be guessed.
If your phone is stolen, notify your investment platform immediately and log in to another device to change your password.
How to choose an app
When choosing an investment platform, the ease of use of the app should not be your first consideration.
How to get started:
- Decide whether you want to invest in a ready-made portfolio or have the flexibility to invest in a wider range of assets.
- Once you make your selection, find out the costs. To understand which companies have the most reasonable costs, check out our article on the best investment platforms.
Once you’ve narrowed down your choices to a few platforms that meet your needs and aren’t expensive, there’s no reason you can’t test run your app before committing.
Opening an account tends to be very easy. Therefore, you can also set up an account with a few different providers and put in a small amount of money first to see which one you prefer.
*All products, brands and properties mentioned in this article have been selected by our writers and editors based on first-hand experience and customer feedback, and have been selected by our writers and editors based on first-hand experience and customer feedback, and have been selected by our writers and editors to meet the standards we believe our readers would expect. It is thought that there are. This article contains links that may earn us money. This revenue helps support the content on this website and allows us to continue investing in award-winning journalism. For more information, see how we make money and Editorial promise
Important information
Some of the products promoted come from affiliate partners from whom we receive compensation. Although we aim to feature some of the best products available, we cannot review every product on the market.