6 Best Investment Apps to Build Wealth

Best Investment Apps to Build Wealth

Investing in the stock market used to be challenging, expensive, and out of the reach of many ordinary folks. However, that’s no longer the case. Today, there are multiple options to invest in stocks, Exchange-Traded Funds (ETFs), options, mutual funds, bonds, and other investment products.  Here is the list of Best Investment Apps to Build Wealth.

1. E*TRADE

E*TRADE was founded in 1982 and has grown to become one of the best online trading platforms in the U.S.  Investors can trade stocks and ETFs on the platform for free and pay a minimal fee of $0.50 to $0.65 per options contract. If you prefer traditional mutual funds, they have a selection of more than 4,400 no-load, no-transaction fee mutual funds.

2. Robinhood

Founded in 2013, Robinhood is one of the most popular trading apps among millennials and active traders. You can trade stocks, ETFs, options and cryptocurrencies and there are no fees to trade these products. Robinhood also offers Robinhood Gold, an optional paid service that provides access to research reports.

3. Webull

Webull is relatively new on the scene (launched in 2017), but it has quickly become a favorite of active traders. Webull is very similar to Robinhood in that they both offer free trading for stocks, ETFs, and options (crypto trading will be available in the future). The main difference is that Robinhood has a larger range of investment types and Webull has more impressive active trading features.

4. Wealthfront

Wealthfront was founded in 2008 and offers one of the lowest management fees in the industry. Using low-cost ETFs, they provide investors with custom portfolios that are designed to suit their risk tolerance.

5. Betterment

Betterment is another well-known robo-advisor founded in 2010. They offer two main investing plans: Digital and Premium. The Digital plan has a 0.25% annual fee and invests your money in a personalized low-cost ETF portfolio. You get automatic rebalancing, tax-loss harvesting and access to free financial advice.

6. Acorns

Acorns is an excellent investing app for beginners and those who struggle to set aside dedicated funds for investment purposes. Launched in 2014, the app has grown to over 7 million users and more than $1.2 billion in assets under management. Acorns offers two main accounts: Lite and Personal.

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