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Two years ago, digital payments went viral in Brazil, a story that was covered by Forbes.

We’re seeing Fintech (financial technologies) open up beyond the traditional hotbeds of finance like the UK and U.S.. The digital app ecosystem is playing a central part in this.

Best Investment Apps

Indeed, the range of investment apps on offer can be daunting, but using them in the right way can help you get the most out of your portfolio. Let’s explore the best investment apps today.


Our Top Pick of Investment Apps (UK) ๐Ÿ‡ฌ๐Ÿ‡ง

Considering an investment app to optimise your surplus savings? These apps aren’t necessarily designed for being your first port-of-call for saving. But because the UK economy is uncertain, saving in cash might not be as reliable as it once was. So these provide what could be a useful way of diversifying stored capital.


Top Investment Apps in 2022 ๐Ÿ“Ÿ โ€“ Reviews ๐Ÿ“Š

Service ProviderRating
1. eToroโ˜…โ˜…โ˜…โ˜…โ˜…Open Account
2. Wealthifyโ˜…โ˜…โ˜…โ˜…โ˜…Open Account
3. Robinhoodโ˜…โ˜…โ˜…โ˜…โ˜…Open Account
4. Bettermentโ˜…โ˜…โ˜…โ˜…โ˜…Open Account
5. Wealthfrontโ˜…โ˜…โ˜…โ˜…โ˜…Open Account


1. eToro Review (Best Investment App)

eToro is a social trading platform that lets you invest in stocks, currencies, commodities, and other assets.

eToro works by allowing you to invest in stocks, currencies, commodities, and other assets. You can then use these investments to trade with other members of the platform. This makes it a good option for people who want to invest in a variety of assets.

You can also use eToro to find investment opportunities and trade with other members of the platform.

What Makes eToro Unique?

The company is unique in that it allows you to invest in a variety of assets in a social media approach, eg. using the app to mirror the trades of other members of the platform. You can also use the social trading features to share investment ideas with your friends.

Users earn a small bonus for trading with friends. In addition, you can learn from the historical trading data and analyse the best trading strategies. This can sharpen your investment awareness and hodw well you handle your portfolio. Use eToro to explore the world of cryptocurrency trading.

Is eToro Safe?

Very - it has an A+ rating from the Financial Conduct Authority (FCA). This means that eToro has met all of the requirements set by the FCA for a financial services company. And they verify all users through a number of different tactics, including two-factor authentication, minimum deposits, and ID verification - reducing the chances of phishing on the network.

Features

To start with, the eToro Education Centre offers a range of educational resources that are designed to help you learn about investing. These resources include video tutorials, blog posts, and interactive quizzes. The aim of these resources is to provide you with the knowledge and skills necessary to invest profitably. The eToro Education Centre is a valuable resource for anyone who wants to learn more about investment strategy.

The eToro Trading Platform itself is a valuable resource for anyone who wants to trade stocks, currencies, and other assets. You can use it to find diverse investment opportunities and share with other members of the platform. The interface is designed for non-professionals, so it’s easy to use and provides you with detailed information on current market conditions.

Thirdly, the eToro Margin Trading Platform is there for anyone who wants to trade stocks and other assets in margin. In other words, using leverage to amplify how much funds you have to play with. As with CFDs, there are significant risks to this tactic - but the eToro Margin Trading Platform provides you with the necessary capital to make profitable trades.

Best Use Case for eToro

Copy and Social trading are two star features of the eToro Trading Platform that gave this platform its reputation and popularity (as well as eToro’s 0% commission policy for general trading). Together, these features provide you with the opportunity to learn from other members of the platform and make profitable trades:

  • CopyTrading allows you to copy the trades of other members of the platform
  • Social Trading allows you to trade with other members of the platform in a social environment.

PROS

  • Copy trades of top users
  • Learn from the best
  • Access margin trading
  • Social trading to help you learn from other members of the platform

CONS

  • Not as comprehensive as other financial planning services

2. Wealthify

Wealthify is an investing app that helps you invest in ETFs - a type of investment that allows you to invest in a variety of different types of stocks and bonds. 

How Does Wealthify Work?

Wealthify works by helping you manage your investment portfolio - which allows you to invest in ETFs through their website or mobile app.

You can use the app to scan your investments and make changes if you are having a dream about your investments. The app also doubles up as a micro-investment app ๐ŸŒฑ - in addition to finding better investments by showing you past performance data for a given fund or by showing you different options against that data, allowing you to choose which to invest in.

What Are the Benefits of Using Wealthify?

The benefits of using Wealthify include the following:

  • You can manage your investment portfolio through the app or website
  • It allows you to find better investments by showing you past performance data for a given fund or by showing you different funds

Wealthify Investment Fees and Costs

Wealthify charges a 0.25% commission on all investments made through their app or website.

There is no minimum investment required, and Wealthify does not charge a fee for transferring money between partners. You can invest as little as £1.

Key Features 

The first benefit of using Wealthify is the investment scan. This feature allows you to easily see all of your investments and make changes if you are having a dream about your investments. This is a great way to keep track of your investments and make sure that you are making the right decisions.

The second benefit of using Wealthify is the investment recommendations. This feature recommends different funds to you based on your investment goals and risk tolerance. This is a great way to find better investments that fit your needs and risk tolerance.

Finally, investment alerts help you to stay up-to-date on the latest news about different funds. This is a great way to make sure that you are making the most informed decisions about your investments.

Overall Best Use Case for Wealthify

Wealthify is a great tool for anyone who wants to stay updated on their investments and make the best decisions. The investment scan and investment recommendations are great ways to find better investments that fit your needs and risk tolerance. The investment alerts help you to stay informed about the latest news about different funds, so that you can make the best decisions for your money.

PROS

  • Easy to use app
  • Good user interface
  • Variety of investment options
  • Good past performance data

CONS

  • Does not offer a lot of customization options for your investments

3. Robinhood

Robinhood is a free app that allows you to invest in stocks, options, and ETFs - offering a low-cost (these guys came onto the scene before eToro, offering commission-free trading) and easy way to invest.

So, in short, Robinhood works by allowing you to buy and sell stocks and options without having to pay a commission. You can also invest in ETFs through the app. When you make a trade, the app will automatically send you your stock or option order information.

Robinhood UK regulations

Robinhood is regulated by the Financial Conduct Authority (FCA). The FCA is a UK financial regulator that oversees the financial services industry. The body regulates firms that offer investment products and services to consumers in the UK.

They’re also regulated by the SEC - this means that Robinhood is subject to the same regulations as other registered investment companies. Which means the service has to have a minimum net worth of $250,000, be in good standing, and have a compliance officer.

Features

The first feature that sets Robinhood apart from other stock trading apps is its low-cost commission-free trading. This allows you to invest in the stock market without having to pay expensive fees.

Another unique feature of the Robinhood app is its ability to invest in ETFs, which are a type of investment that allow you to gain exposure to a variety of different stocks and assets. This makes them a great way to diversify your portfolio.

Another noteworthy feature of the Robinhood app is its live streaming of market events. This allows you to watch the stock market while it's happening. Which can be helpful if you want to stay up-to-date on the latest trends in the market.

Finally, the Robinhood app has customer support offerings. This allows you to get help with any questions or problems that you may have with your account - a vital investment app feature.

Best Use Case for Robinhood

Overall, the Robinhood app is a great way to get started investing in the stock market. Its low-cost commission-free trading, ability to invest in ETFs, and live streaming of market events make it a considerable choice for beginners.

PROS

  • Free to use
  • Allows you to invest in stocks and ETFs
  • Tracks your investment performance

CONS

  • Requires a bank account to open an account
  • Limited stock and ETF selection

4. Betterment

Betterment is another app that is popular for managing your investment portfolio. The app allows you to scan your investments and make changes if you are having a dream about your investments.

You can also find better investments by looking at past performance data for a given fund or by using the Betterment Investment Portfolio Simulator.

What Are the Benefits of Using Betterment?

  • Manage your investment portfolio through the app or website.
  • It allows you to find better investments by looking at past performance data for a given fund.
  • Use it as a micro-investment app. 

Features, Fees and Costs

Betterment's annual fee is 0.25% for the basic service.  There is also a 0.5% fee for each additional investment account you have with the company. Additionally, Betterment charges a commission for trades that you make.

Betterment Feature Number One: The portfolio simulator is a tool that allows you to test different investment scenarios in order to find the best investment for you. This is a great feature if you are not sure which investment to make.

The Scan Your Investments tool allows you to quickly and easily scan your current investments and make changes if you have a dream about your investments. This is a great feature if you need to make changes quickly.

Automatic transfers lets you easily move money between your different investment accounts. This is a great feature if you want to make sure that your investments are always in sync - they “do all the hard stuff”. You simply set your ideal configurations. While their tax loss harvesting lets you take advantage of tax breaks by selling investments that are in a loss. This is great for efficiently reducing your taxes.

Overall Best Use Case for Betterment

The best use case for Betterment is if you are looking to save for your long-term financial goals, or to begin micro-investing - so there’s a pretty good range.

PROS

  • Portfolio Simulator and Scan Your Investments Features
  • Automatic Transfers
  • Tax Loss Harvesting
  • Great for Long-term Financial Goals

CONS

  • No Financial Planning Services
  • High Fees

5. Wealthfront

Wealthfront has a lower fee structure than Betterment and Vanguard, and also offers a wealth management service that helps you to grow your money over time.

For this, Wealthfront charges a fee of 0.25% of your assets each year, and the fee is waived if you invest somewhere over £3,000 per year. There’s also a monthly fee of around £10 for its wealth management service.

Features

The wealth advisors at Wealthfront are experts in financial planning and investing. They can help you to create a personalised investment plan, and they also provide financial advice on estate and retirement planning.

Overall, the app attempts to let you create a personalised investment plan with Wealthfront, so that you can invest your money in a more suitable way for your circumstances - Wealthfront plans are based on your age, risk tolerance, and goals for retirement.

Portfolio analysis tools allow you to see how your investments are performing over time. This information can help you to make better decisions about your investments, and it can also help you to grow your money over time.

Meanwhile, tax-reliefs are offered, to find areas where your money can grow tax-free while you are invested with Wealthfront. This is an interesting feature, because it potentially allows you to keep more of your money while you are growing your wealth over time. Finally, they also offer a money transfer service that allows you to move your money from one account to another.

To get started with Wealthfront, create an account and add your investment accounts. You can also view your portfolio and make changes to your investment choices online.

PROS

  • Tax-free growth
  • Money transfer service
  • View your portfolio and make changes to investment choices online

CONS

  • Lacks fractional shares

Best Investment Apps โ€“ Buying Guide

This section provides surrounding context that is useful for understanding how to choose the best investment apps. Use the information provided here to sharpen your awareness of key aspects of popular investment apps and how they work.


What Are Investing Apps?

There are a bunch of interesting stats on mobile phone usage, such as the apparent fall in desktop internet usage as mobile internet rises. Investing apps are software programs that help you manage your money without you needing to be technically savvy. 

There are different ways you can use investing apps that can help you grow your investment portfolio. Some are designed to help you set up an investment fund and monitor its performance. Others delve deeper, helping you to find investment funds that meet your specific needs based on your risk profile and desired return.

Investing App

Investing apps overall can be used to help you find better investments and understand the financial market. You can find these apps online, in app stores, or on other devices. They can help you analyse the market and advise you on your choices. Choosing the right investing app for you can help you get more out of your money.

Primary simple uses:

โš™๏ธ Manage your investment portfolio. Some apps, like Wealthify, manage your investment portfolio even while you sleep. This passive form of investing scans your portfolio and automatically makes changes on your behalf, based on how you’ve configured it.

โš™๏ธ Proactively update, streamline, and look for opportunities. Some apps can help you find better investments by showing you past performance data for a given fund or by showing you different funds and allowing you to choose which ones you would like to invest in.

Which Investment Apps Should You Use?

There are a range of investing apps available. Each one claims to provide you with the perfect investment strategy and returns. 

The truth is that no one strategy is perfect, and you should use multiple strategies to get the best results. Some strategies may be better for some investors than others, depending on their risk profile and desired return.


Investment App

Investing apps are a helpful tool, but you should not rely on them entirely. They can be useful for getting started with investing, but you should also explore different investment options to find the best fit for you. Start with a simple investment fund and then add new funds as you get more experience and make better investment choices.


Robo-Advisers Explained ๐Ÿค–

A robo-adviser is a type of investing app that follows a set of rules to help you invest your money. They often charge lower fees than human investment advisers and may not be available to everyone. The best robo-advisers can track your investments and help you make better decisions. 

There are different types of robo-advisers. Some are designed for people who are looking for a simple way to invest their money. They may have access to a small amount of money or simply want to make sure that their money is invested. Other robo-advisors are best for those who have a large amount of money to invest, want to access better investments, and want some guidance on when to buy and sell investments.


Exchange-Traded Funds Explained

An Exchange-Traded Fund (ETF) is a type of investment that is like a stock on steroids. They are similar to funds that track an index like the London Stock Exchange, but they trade on the stock exchange like normal stock trading.

But while they can be bought and sold like stocks, investors trade them in a number of different ways, which can be similar to trading a commodity such as gold or oil.

Eggs in the basket

There are many benefits to investing in these investment vehicles. ETFs are highly liquid, which means they are easy to buy or sell when you want to. They are also highly diversified with low correlation to other investments, making them a great way to get a wide range of investments in one fund.


Coin-Trading Exchange Explained

A coin-trading exchange (CTE) is a type of exchange that provides markets for cryptocurrencies like Bitcoin and Ethereum. They allow you to buy and sell cryptocurrencies, similar to how regular stock exchanges work. However, the way they operate is different. They often require a larger investment than regular exchanges, and they often require users to deposit money before they trade. This kind of exchange is best for those who want to trade cryptocurrencies but do not want to deal with the technicalities.


Top Investment Apps - FAQs

What are the Most Commonly Traded Assets on Investing Apps?

Stocks, mutual funds, and ETFs are the most commonly traded assets on investing apps. There are several ways to invest in-app. You can directly purchase these. You can also choose to leverage your portfolio with margin, or invest using a passive approach. How you invest will depend on your personal preference and risk tolerance.

What Are the Benefits of ETFs? โ˜‘๏ธ

Primarily, they are typically low-cost with diversification benefits over traditional individual investments. For example, if you invest in a stock market index fund, you will gain exposure to a large number of different stocks. However, if you invest in an individual security, you will have to pay the cost of owning that security, as well as any fees associated with the brokerage account where it is invested.

ETFs also offer liquidity benefits. This means that they can be bought and sold quickly and at lower costs than many other types of investments.