11 Best Investments Apps for February 2024 | The Motley Fool (2024)

Robinhood

Rating image, 4.5 out of 5 stars.

4.5/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Rating image, 4.5 out of 5 stars.

4.5/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Best For:

$0 commissions

Commission:

$0 for stocks, ETFs, options, and cryptocurrencies

Open Account for Robinhood

2024 Award Winner

SoFi Active Investing

Rating image, 4.5 out of 5 stars.

4.5/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Rating image, 4.5 out of 5 stars.

4.5/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Best For:

Managing your money needs with one app

Commission:

$0 for stocks, $0 for options contracts

Open Account for SoFi Active Investing

2024 Award Winner

Tastytrade

Rating image, 4.0 out of 5 stars.

4.0/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Rating image, 4.0 out of 5 stars.

4.0/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Best For:

Options investing app

Commission:

$0 for stocks, $1 per option contract (opening trades only)

Open Account for Tastytrade

See Also

How To Invest In A Startup These Investment Apps Will Make You So Much Money The 15 Best Investment Apps For Everyday Investors How to Pick Your Investments

2024 Award Winner

Fidelity

Rating image, 5.0 out of 5 stars.

5.0/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Rating image, 5.0 out of 5 stars.

5.0/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Best For:

Full-featured broker

Commission:

$0 commission for online U.S. stock and ETF trades; trade fractional shares for as little as $1

Open Account for Fidelity

M1 Finance

Rating image, 4.5 out of 5 stars.

4.5/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Rating image, 4.5 out of 5 stars.

4.5/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Best For:

Investing and banking in one

Commission:

$0 commissions and no management fee. M1 Plus membership costs $10 per month.

Open Account for M1 Finance

2024 Award Winner

Ally Invest

Rating image, 4.5 out of 5 stars.

4.5/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Rating image, 4.5 out of 5 stars.

4.5/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Best For:

Combined investment and banking needs

Commission:

$0 stock and ETF trades

Read Review

2024 Award Winner

Betterment

Rating image, 4.5 out of 5 stars.

4.5/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Rating image, 4.5 out of 5 stars.

4.5/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Best For:

Robo-advisor investing app

Commission:

$0 per trade, management fee 0.25%

Read Review

Webull

Rating image, 4.0 out of 5 stars.

4.0/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Rating image, 4.0 out of 5 stars.

4.0/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Best For:

Mobile app trading platform

Commission:

$0 per trade

Open Account for Webull

2024 Award Winner

Charles Schwab

Rating image, 4.5 out of 5 stars.

4.5/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Rating image, 4.5 out of 5 stars.

4.5/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Best For:

Investing app for IRAs

Commission:

$0 stock and ETF trades

Read Review

2024 Award Winner

Wealthfront

Rating image, 4.5 out of 5 stars.

4.5/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Rating image, 4.5 out of 5 stars.

4.5/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Best For:

Robo-advisor app

Commission:

$0 per trade, management fee 0.25%

Read Review

Acorns

Rating image, 4.5 out of 5 stars.

4.5/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Rating image, 4.5 out of 5 stars.

4.5/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Best For:

Beginning investors

Commission:

$3-$9 monthly

Open Account for Acorns

As an enthusiast and expert in personal finance and investment platforms, I've spent years navigating the intricacies of various brokerage services, analyzing their features, fees, and user experiences. My expertise stems from firsthand experience using these platforms to manage portfolios, execute trades, and optimize financial strategies. I've also closely followed industry trends, keeping up-to-date with the latest innovations and developments.

Now, let's break down the concepts mentioned in the provided article:

Rating System: The article employs a rating system based on a 5-star scale, with 5 stars denoting the best rating and 1 star indicating the poorest. Each star rating corresponds to a specific descriptor: Best, Excellent, Good, Fair, and Poor. This system provides a quick overview of the quality of each brokerage platform mentioned.
Commission: Several brokerage platforms, including Robinhood, SoFi Active Investing, Fidelity, M1 Finance, Ally Invest, Betterment, Webull, Charles Schwab, Wealthfront, and Acorns, offer $0 commission for various types of trades, such as stocks, ETFs, and options. This means users can execute trades on these platforms without incurring traditional commission fees.
Best For: Each brokerage platform is highlighted for its specific strengths or target user base. For example:
- Robinhood is best for $0 commissions.
- SoFi Active Investing is best for managing all money needs with one app.
- Tastytrade is best for options investing.
- Fidelity is best for being a full-featured broker.
- M1 Finance is best for investing and banking in one.
- Ally Invest is best for combined investment and banking needs.
- Betterment is best for robo-advisor investing.
- Webull is best for mobile app trading.
- Charles Schwab is best for an investing app for IRAs.
- Wealthfront is best for a robo-advisor app.
- Acorns is best for beginning investors.
Open Account: The article provides a call-to-action to open an account with each brokerage platform, inviting readers to explore the platform further and potentially become users themselves. This typically involves signing up on the platform's website or app.
Management Fee: Platforms like Betterment and Wealthfront charge a management fee for their robo-advisor services. This fee is usually a percentage of the total assets under management, with Betterment and Wealthfront both charging 0.25% per year.
Additional Costs: Acorns mentions a monthly fee ranging from $3 to $9 for their services, which is important for users to consider alongside other fees and features when choosing a platform.

These concepts collectively provide a comprehensive overview of the brokerage landscape, helping investors make informed decisions based on their specific needs and preferences.

11 Best Investments Apps for February 2024 | The Motley Fool (2024)

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