Explore the top mobile apps designed to help beginner savers dip their toes into the world of investing without the need for large initial capital. These apps simplify investment processes, making it easy for beginners to start building their financial portfolio with minimal risk.
Betterment is an excellent option for beginners looking to explore robo-advising. The app offers personalized investment advice and management services. Users can set specific goals and Betterment crafts a tailored investment strategy using advanced algorithms to optimize returns.
Best for: Beginner savers wanting robo-advisory services
Acorns is a popular micro-investment app that automatically rounds up your daily purchases and invests the spare change. It's designed for beginners who want a hassle-free way to start investing. With Acorns, users can set up recurring investments and choose from diversified portfolios managed by experts.
Best for: Beginner savers looking to invest spare change
Greenlight Invest is tailored for families wanting to teach kids about saving and investing. It engages young savers with parent-managed accounts and educational resources to help them understand financial decisions from an early age. It’s perfect for teaching investing basics to the next generation.
Best for: Families teaching kids about investing basics
Wealthfront provides automated investment and financial planning, ideal for hands-off beginners. It offers a variety of tax-optimized portfolios and cash accounts. Wealthfront’s Path tool helps users plan for financial goals like retirement or buying a home.
Best for: Beginners preferring automated investing and planning
Stash offers an intuitive platform for beginners who want to start investing with minimal funds. The app provides educational content to build your financial knowledge and lets you invest in stocks, ETFs, and fractional shares. Stash's flexibility allows users to invest according to their personal interests and beliefs.
Best for: Beginners interested in learning and investing small amounts
SoFi Invest is a flexible investment platform offering active and automated investing. Beginners benefit from $0 commissions and no account minimums, making it easy to start investing. SoFi also provides access to financial planners to help guide newcomers on their investment journey.
Best for: Beginner savers seeking flexible investment options
M1 Finance combines the best of both worlds: robo-advising and brokerage services. Suitable for beginners, M1 offers personalized pies for portfolio building and automated rebalancing. It’s a great way to manage investments with both customization and automation.
Best for: Beginners who want customization with automation
Public makes trading social and interactive, a unique experience for beginners. It offers commission-free trading with the ability to follow and learn from others within its platform. Public’s educational features are centered on improving financial literacy while engaging users in the community aspect of investing.
Best for: Beginners interested in community-driven investing
Round offers a new approach to micro-investing by providing access to top investment managers. Ideal for beginners, Round invests your money in portfolios overseen by professionals typically reserved for the wealthy. It’s a way to start with professional guidance without a high buy-in.
Best for: Beginners interested in professional management
Robinhood offers a commission-free trading platform that is perfect for beginner savers. It allows you to invest in stocks, ETFs, options, and cryptocurrencies. The user-friendly interface and absence of fees make it an attractive option for those new to investing.
Best for: Beginners wanting commission-free trades
| App | Rating | Price | Best For |
|---|---|---|---|
| Betterment | 4.6 ★ | subscription | Betterment is an excellent option for beginners looking to explore robo-advising. |
| Acorns | 4.5 ★ | subscription | Acorns is a popular micro-investment app that automatically rounds up your daily purchases and invests the spare change. |
| Greenlight Invest | 4.5 ★ | subscription | Greenlight Invest is tailored for families wanting to teach kids about saving and investing. |
| Wealthfront | 4.4 ★ | free | Wealthfront provides automated investment and financial planning, ideal for hands-off beginners. |
| Stash | 4.3 ★ | subscription | Stash offers an intuitive platform for beginners who want to start investing with minimal funds. |
| SoFi Invest | 4.3 ★ | free | SoFi Invest is a flexible investment platform offering active and automated investing. |
| M1 Finance | 4.2 ★ | free, paid subscription | M1 Finance combines the best of both worlds: robo-advising and brokerage services. |
| Public | 4.2 ★ | free | Public makes trading social and interactive, a unique experience for beginners. |
| Round | 4.1 ★ | subscription | Round offers a new approach to micro-investing by providing access to top investment managers. |
| Robinhood | 4 ★ | free | Robinhood offers a commission-free trading platform that is perfect for beginner savers. |
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