Imagine having the power to grow your wealth and achieve financial freedom right at your fingertips. For this, we have the best investment apps for you.  Whether you're a seasoned investor or just starting, these apps are designed to make investing accessible, affordable, and effortless. These apps not only offer an intuitive interface but also provide a variety of features tailored to meet your financial goals. 

From automated investments to comprehensive retirement planning, the right investment app can transform your financial future. So now first let’s understand the meaning and significance of the best investment apps for beginners.

Meaning and Significance of Investment Apps

Investment apps are digital platforms that allow people to invest in a variety of financial assets, including stocks, bonds, exchange-traded funds (ETFs), mutual funds, cryptocurrencies, and more, right from their smartphones. These apps are popular because of its accessibility, convenience of use, and lower prices as compared to traditional brokerage businesses.

If we talk about the best investment apps for beginners, they offer simplified interfaces, educational resources, and low fees, making investing accessible to a larger audience and helping to navigate the complexities of the financial markets. There are several aspects of these apps such as accessibility, education, cost-effectiveness, convenience, etc. which can be used for those who are just starting to invest and want to have a good financial future.

Overall, investment apps play a significant role in modernizing the investment landscape, empowering people to take control of their financial futures with ease and efficiency.  So, now let's understand the top 10+ investment apps for android and iPhone users in detail.

Read More: Discover the Best Rideshare Apps: Your Ultimate Travel Companion!

Top 10+ Investment Apps for Android and iPhone Users in 2024

Whether you're looking for the best investment app to use in 2024 to help you get started or a platform to manage your assets, you'll find everything you need in this section. So, let's plunge in.

Fidelity 

The finest choice for financial planning is through the Fidelity app. Investing with the Fidelity app is very simple; it provides financial planning tools, market information, and the best investment alternatives. The Fidelity mobile app is the primary app for managing brokerage accounts, retirement accounts, and other investment accounts. Let’s look at some features of the Fidelity app.

Features to look for in Fidelity:

• Accounts can be maintained by you or a professional.
• Tools for Financial Planning.
• Choosing the best investment with the assistance of experts.
• Planning your estate online.

E-Trade 

The E-trade app is suitable for both inexperienced and expert traders. E-Trade's user-friendly features allow newcomers to invest, save, and borrow money. E-Trade is one of the best investing apps for beginners. It is a well-known online brokerage service platform and has a mobile software called the E-Trade which is designed to give consumers quick access to their investment accounts as well as various trading and investing tools. So now let's go through some of its key features:

E-Trade's features:

• Provides market analysis.
• Provides the overview for retirement planning. 
• Helps you with investing and trading.
• Does not charge fees for trading in mutual funds.
• Provides pre-built portfolios.

SoFi Invest

SoFi Invest app is ideal for people seeking low-interest loans and fee-free investing. SoFi Invest is one of the best investment apps that can handle your funds in one location. With SoFi Invest, you can invest your extra money autonomously, trade cryptocurrencies, apply for a loan, and much more, all with no management costs. Now, let's understand some of its key features:

Key Features of SoFi Invest:

• Cryptocurrency trading is permitted.
• Gives low-interest loans.
• Provides automated investment.
• Does not charge fees.

Robinhood 

The Robinhood app allows you to trade stocks and cryptocurrency simultaneously. Robinhood app currently serves over 6 million Americans through its investment app. There is no minimum brokerage account balance required in this app. This app does not charge any commissions and has free trading options for users who want to invest through this app.  So now let's look at its important features in detail:

Top Features of the Robinhood App:

• With as little as $1, you can begin investing in your investment options in this app.
• Can do Cryptocurrency trading and mobile investment also in this app.
• This app offers access to about 1700 stock research reports.
• This app helps in paying rent, receiving a paycheck, and much more.

TD Ameritrade Investment 

The Ameritrade investment app offers a range of investment options, instructional resources, and planning tools. It is one of the easy investment apps that traders can use. This app is suitable for advanced traders and used for online stock trading investments. The list of investment options you can get such as stocks, bonds, mutual funds, ETFs, futures, forex, and many more. Now let's understand its features in detail:

Features Of TD Ameritrade Investment: 

• Has integrated charts, price notifications, and more.
• Provides 24/7 trading.
• Risk can be calculated using analysis features.
• Has tools for setting precise goals.

Acorns

Acorns application is the finest investment app for those looking to save money. Beginners should look into the Acorns application if they want to learn how to invest. Acorns are ideal for new investors who desire a simple and automatic strategy. It's especially appealing for people with less investment understanding, providing a way to enhance your wealth through automated investments and spare change round-ups. The Integrated Robo-advisors will manage your portfolio for you with ease. Here are some vital features of this app:

Here are the top features of Acorns:

• Has expertly constructed diversified portfolios.
• Helps in finding a job.
• Provides retirement planning.
• This app is a one-way access to earn money.

Invstr

Invstr began in 2013 as a platform to deliver information on stock trading and markets and has since grown to become one of the finest stock investing apps. Currently, the app is free to download and use, but you may upgrade to a premium plan to access additional features. Invstr app is a one-stop shop for all your financial and investing needs. With the Invstr app, you can invest in US equities, cryptocurrency, and fractional shares which are commission-free, all from the comfort of a single powerful account! Some of its features are mentioned below:

Here are the best features of Invstr:

• Provides educational content.
• Gives real-time market data.
• Tells you about investment insights and analysis.
• Gives personalized recommendations.

Betterment 

Betterment app is one of the best investment apps for long-term investors. It is a great investing app. For a small charge, you can invest automatically, harvest tax losses, plan your retirement, and much more. Betterment app is a robo advisor developed with technology that provides you with a tailored experience that meets your needs, whether you're a beginner or an expert in the stock market. So, now let's understand what are the features of the Betterment app to get a clear picture of this app:

Features of Betterment:

• Portfolio rebalancing and automated investing, including tax loss harvesting.
• Informs the amount of tax needed to pay on withdrawals.
• Can plan for your retirement.

M1 Finance 

With the help of the M1 Finance app loans can be given at low interest rates. It provides long-term investors with financing options to accumulate wealth. As a self-directed investor, people have the option of investing their money any way they wish or using an automation program to automatically rebalance their portfolio. So, now let's understand the features of the My1 Finance app:

Features of M1 Finance:

• Provides loans with lower interest rates
• Gives commission-free trading.
• Can use pre-set conditions and automate the money transfer.
• The checks can be sent without being physically signed.

Merrill Edge

The ideal investment for wealthy investors is Merrill Edge. It provides a self-directed investment platform and suggestions for how to invest money. The Merrill Edge mobile app allows them to access and manage their accounts and assets whenever and wherever it's most convenient. It is one of the most secure and safe investment apps to use. Some of its key features are:

Key Features of Merrill Edge:

• Provide investment alternatives which include equities, bonds, ETFs, and mutual funds.
• Provides professionals for managing and rebalancing portfolios.
• Provides a plan for retirement
• Gives fee-free stock and ETF trading.
• You can do stock research at your fingertips.

WealthFront

WealthFront app is a mobile application designed to streamline the investment process for beginners. With this app, users can automatically invest and rebalance their money, making wealth management more accessible and convenient. The mobile application development integration process ensures a user-friendly interface and seamless navigation, allowing users to manage their finances efficiently on the go. Here are some essential features of this app:

WealthFront's Best Features:

• Helps in borrowing money easily.
• Provides investment in automation and tax loss harvesting.
• Manages retirement, vacation, and other financial goals.

Round

For wealthy investors, the Round app is the greatest alternative. The Round app is an amazing investment tool for skilled individuals who have a large amount of money to invest. It manages heavy investments very easily. The interface of this app is interesting and easy to use. The Round app is one of the best investment apps to use in the present era. So here are some best features of this app:

Here are the top features of Round :

• Provides financial tools to calculate portfolio's market risk.
• Provides affordable prices.
• Provides investing options along with fund management.
• For accounts exceeding $100,000, this app offers a private managing partner.
• In this app, $500 is the minimum investment.

Webull

Webull is suitable for advanced investors. With Webull, people can invest in tradable items. They can build diverse portfolios while getting insights into market trends through market analysis tools. Investors can buy and sell foreign stocks in the OTC ( over-the-counter) markets in real-time. Users can check the real-time quotations and charts for the stocks in their positions and watchlists. They can stay updated with their investments tailored alerts, market news, and order notifications. Some of its features are as follows:

Webull Top Features:

• Allows you to analyze investment trends.
• Has numerous trading options.
• Has tools for planning retirement.
• Provides 24/7 customer service.

Fundrise 

In real estate, with the help of the Fundrise app, investors can diversify their portfolios with financial assets. Fundrise also allows to establish a portfolio of private market investments, such as venture capital, private credit, etc.  Fundrise's low-fee strategy benefits investors of all experience levels, including novices and seasoned investors. Let's understand some of its features:

Fundrise Features:

• Provides no commissions.
• Provides a starter account which costs $500.
• Has other account types which have a different minimum balance.

Also Read: Good Camera Filter Apps: Enhancing Your Photography Experience

How Much Does it Cost to Develop An Investment App?

Wondering what will be the cost to develop an investment app? Typically, such projects range between $5000 and $10,000, depending on the complexity and functionality required.

Understanding the cost breakdown is crucial. It's primarily determined by the hourly rate of the developer and the time invested in development. Design costs also factor significantly into the overall expenses. Here's a breakdown of the main cost components and factors to consider:

Features and Functionality

These apps give users premium investment features with a variety of options to choose from such as stocks, mutual funds, ETFs, etc.

Platform

These apps can be used on iOS and Android which affects development time and cost.

Design

They have an intuitive and visually appealing user interface, such as wireframes, mockups, and interactive prototypes, to provide a consistent user experience.

Backend Development

This consists of the server-side architecture that will handle business logic, database interfaces, and API connections.

Security and Compliance

It ensures that all sensitive data is encrypted in transit and at rest to prevent unwanted access.

Testing and Quality Assurance

This entails running automated tests to ensure that the app software works properly and efficiently under a variety of scenarios.

Maintenance and Support

This includes regular updates and patches that address flaws, customer services and enhance performance.

Additional Services

These services include strategies for app promotion, user acquisition, and market exposure.

The total cost of producing the best investment app can range from tens of thousands to hundreds of thousands of dollars or more, depending on the scope and scale of the project. It is critical to properly design and prioritize features according to the target audience, budget, and business objectives. Working with an experienced development team or agency can help to ensure that the app development process is both successful and cost-effective.

Conclusion 

Nowadays, an increasing number of people are investing money. The best investing apps are getting increasingly popular. There is a growing aspect for tools that help people invest their hard-earned money and increase their wealth, even if they have no or limited expertise in the investment market. Therefore,  our team specializes in mobile app development services, ensuring a simple interface and essential features tailored to your needs. 

Also one can hire android app developer india to get assistance in the app integration of android platforms.  Following our extensive research of the top investing apps such as Fidelity, SoFi Invest, TD Ameritrade, E-Trade, Robinhood, Merrill Edge, etc. one can meet their financial goals easily. Furthermore, for iPhone platforms also one can even hire iPhone app developer India to make these types of apps. So are you ready to invest more to secure your financial future? Explore here and transform your vision now.

Frequently Asked Questions (FAQs)

Q1. Are investment apps safe to use?

Investment apps can be safe to use if you take certain precautions and choose reputable platforms. Here are some key points to consider regarding their safety such as regulation and licensing, security features, reputation and reviews, customer support, insurance and protection, transparency and terms, user responsibility, etc. So, in general, most investment apps are safe to use. 

Q2. Can I trust robo-advisors to manage my investments?

Robo-advisors can be a trustworthy option for managing investments, provided they meet certain criteria and align with your investment goals and preferences. Here are some factors to consider before trusting robo advisors to manage the investments such as regulation and oversight, track record and reputation, investment philosophy and strategy, transparency and fees, security measures, customer support, customization and human oversight, performance and risk management, etc.

Q3. How much money do I need to start investing with an investment app?

The amount of money you need to start investing with an investment app varies depending on the app and the type of investment account you choose. Starting with a small amount is perfectly acceptable, especially for new investors. Many apps are designed to build your portfolio over time, allowing you to increase investment as you become comfortable and financially stable.

Q4. What fees should I expect when using an investment app?

When using an investment app, you can encounter a variety of fees. It's essential to understand these fees to make informed decisions and minimize costs. Here are the common fees to expect like trading commissions, account fees, advisory fees, expense ratios, deposit and withdrawal fees, and other fees. This all can be considered while determining the fees of an investment app.

Q5. Can I use investment apps to save for retirement?

Yes, you can use investment apps to save for retirement. Many investment apps offer features and account types specifically designed for retirement savings. Using investment apps can be an effective and efficient way to save for retirement, providing you with the tools and resources needed to build a secure financial future. Most investment apps are created to help in retirement planning.