Disclosure Please note that we are not authorised to provide any investment advice. The information on this page should be construed for information purposes only. We may earn commissions from the products mentioned on this site
Last updated
Identifying the best investment apps is essential for successful investing. The apps should include a decent range of markets, low investing fees and research tools to aid in investment decisions.
But, what’s the best investment app for beginners to get started with? In this ‘Best Investments Apps for Beginners 2024’ guide, we have identified the top 10 investment apps that are easy to get started with today and share all of our research and findings below.
Best Investment Apps for Beginners in 2024 – Top 10 List
There are thousands of investment apps available to download. While some might be considered great investment apps, many are simply not fit for purpose. We’ve done the hard work and found the best investment apps for beginners below:
eToro – Overall Best Investment App for Copy Trading 25 Million Traders
XTB – Popular Investment App Regulated Providing Top Notch Customer Service
Axi – Advanced Investment App Offering Tools and Copy Trading
Vantage – Top Rated Investment App Offering High Leverage
Libertex – Top Rated Investment App for Cryptocurrency CFD Trading
AvaTrade – Great Investment App for Options Trading on Forex & Gold
Pepperstone – Great Investment App for Advanced Trading Functionality
Forex.com – Investment App for Professional Performance Analytics
78% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.
Best Investment Apps in 2024 Reviewed
The list above highlights some of the best free investment apps for beginners. Each one offers a different unique selling point. Some of the apps specialise in the trading of certain asset classes while other apps offer the full range of markets.
The trading fees, deposit fees, research tools available and level of security of each app are different. Therefore, finding the best investment apps for 2024 does require a deeper dive into each broker and their app’s features and functionality, as discussed below.
1. eToro – Overall Best Investment App for Copy Trading 25 Million Traders
eToro is regarded as one of the best investment apps for crypto trading and copy trading. This is because eToro not only provides an investment app but also a secure digital wallet app, allowing users to easily buy, store, receive and transfer cryptocurrency.
The eToro investment app lets users trade on thousands of other markets, including stocks, indices, commodities, exchange-traded funds, and foreign exchange, without any commissions. The app also enables the buying and selling of real stocks and shares, as well as CFDs, allowing users to profit from both rising and falling market prices.
One reason the eToro investment app is used by more than 25 million investors is because of its copy trading and social trading feature. This allows users to see the performance of other investors and have the same trades copied onto their own accounts.
eToro is also regarded as one of the safest investment apps available as it is heavily regulated by the UK FCA, ASIC, CySEC, GFSC, FinCen and FINRA. Eligible clients can also benefit from free insurance of up to 1 million EUR, GBP or AUD.
It is worth noting that now, in the US, eToro customers can trade only Bitcoin, Bitcoin cash, and Ethereum on the platform.
What We Like
Regulated by FCA, ASIC, CySEC, GFSC, FinCen, FINRA
Your capital is at risk. 78% of retail investor accounts lose money when trading CFDs with this provider.
2. XTB - Best Investment App Providing Top Notch Customer Service
XTB is another broker offering a good trading app. The app has had more than 1 million downloads from the Google Play Store with a 4.5/5 rating. It is also rated 4.7/5 in the Apple App Store.
The investment app allows users to trade stocks, indices, commodities, cryptos and foreign exchange CFDs. The charts and technical indicators are easy to use and there are some valuable tools in the app such as market sentiment and financial news.
XTB has received several awards for its customer service, which is offered in multiple languages, 24 hours a day, five days a week, assisting over 430,000 users. It is regulated by the FCA, CySEC, FSC, and KNF and is among the few brokers listed on a public stock exchange.
What We Like
Regulated by FCA, CySEC, FSC, KNF
Publicly listed company
Award winning service and app
Range of Markets:
2,000+ CFDs on stocks, indices, commodities, cryptos, foreign exchange
Axi has designed an app to enable traders to enjoy the advanced features found on its web platform. Traders can use the app to access forex, stocks, indices, commodities and cryptocurrencies. The best part about using this app is that it enables traders to magnify their positions with 500:1 leverage.
But the main offering that Axi has extended to its app users is the Copy Trading feature. If incorporating advanced tools is inconvenient on an app, investors can copy the positions of the top traders. Axi enables investors who copy trades to personalize their trade size and risk tolerance.
Other benefits investors will enjoy by using this app is spreads starting from 0, no commission on trades and a 24/5 support center. This broker is constantly on the lookout for promising traders that have the potential to be highly profitable. Axi selects several traders to train them to become professionals and even backs them with funds.
73.9% of retail investor accounts lose money when trading CFDs with this provider.
4. Vantage - Top Rated Investment App Offering High Leverage
Vantage provides a good quality investment app that offers the ability to trade on more than 400 markets covering stocks, indices, commodities and foreign exchange. Users can trade these products using CFDs with high leverage of 500:1.
This means investors can control position sizes 500 times the size of their deposit amplifying both gains and losses. Furthermore, the Vantage investment app offers the ability trade some markets with zero spreads.
The Vantage investment app offers a good range of technical trading indicators, market analysis and research tools and 24 hours a day, 5 days a week customer service. The app scored 4.8/5 in the Google Play Store and 5/5 in the Apple App Store.
Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment.
5. Libertex - Top Rated Investment App for Cryptocurrency CFD Trading
Libertex is an award winning broker with more than 25 years of experience. The investment app provided by the broker allows users to trade on more than 300 different markets covering stocks, indices, commodities, cryptos and currencies.
The investment app is considered to be the best investment app for cryptocurrency trading as it allows users to trade crypto CFDs with 0% commission and 0% fees for overnight positions. There are a wide range of cryptos available including the major coins and many altcoins.
Libertex also provides access to other popular investment platforms such as MetaTrader 4 and MetaTrader 5. The broker is also regulated and authorised by the Cyprus Securities and Exchange Commission (CySEC).
The Libertex investment app has a rating of 4.7/5 from the Google Play Store and 4.3/5 from the Apple App Store.
What We Like
Regulated by CySEC
Good range of free deposit methods
Large selection of crypto CFDs
Range of Markets:
300+ CFDs on stocks, indices, commodities, ETFs, cryptos
Pricing System:
Only spread and overnight for CFDs
Commission and overnight for stock CFDs
Real stocks just spread
Deposit Fees:
Zero
Inactivity Fees:
€10 per month if inactive for 180 days on accounts below €5,000
78.31% of retail investor accounts lose money when trading CFDs with this provider.
6. AvaTrade - Great Investment App for Options Trading on Forex & Gold
AvaTrade provides a wide range of investment apps. This includes the AvaOptions app which allows users to trade spot, calls, puts and a combination of options strategies from an easy-to-use mobile app. It includes historical charts, integrated strategy guides, and special summaries of portfolio risk including delta, theta and gamma.
The AvaTrade GO investment app was voted the number one best forex trading app by the Global Forex Awards. This app allows users to trade on more than 1,000 markets including foreign exchange, commodities, cryptos, indices and stocks commission-free.
The AvaProtect feature makes the app one of the best investment apps for beginners. This provides up to one million dollars in protection for a trade, allowing the investor to receive money back on losing trades for a hedging cost at the time of purchase.
What We Like
Regulated by CBI, BVI FSC, ASIA, FSCA and others
Choice of apps from AvaTrade GO, AvaOptions and AvaSocial
4.8/5 Google Play Store and 4.5/5 Apple App Store rating
Range of Markets:
1,250+ CFDs on stocks, indices, commodities, cryptos, ETFs and vanilla options FX and gold
71% of retail investor accounts lose money when trading CFDs with this provider.
7. Pepperstone - Great Investment App for Advanced Trading Functionality
While Pepperstone allows users to trade on foreign exchange, indices, commodities and ETFs it is regarded as one of the top investment apps for beginners. This is because investors can access share CFDs from the US, UK, Germany and Australia with leverage and out-of-hours trading using advanced order types.
The Pepperstone investment app has a rating of 4.0/5 in the Google Play Store and 4.2/5 in the Apple App Store. The app is a licensed version of the popular trading platform cTrader. This is mainly geared towards advanced traders but is easy for beginners to navigate.
Pepperstone also offers social trading platforms through DupliTrade which is a marketplace of trading signals that can be copied onto an investor's account. The broker also provides access to a wide range of research and education materials, as well as 24 hours-a-day, 5-days-a-week customer support.
Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
8. Forex.com - Investment App for Professional Performance Analytics
Forex.com is regarded as one of the safest investment apps around as it is part of the StoneX Group which is a Nasdaq-listed company with more than $10 billion in assets and is regulated by the FCA, CFTC and NFA.
Through the Forex.com investment app users can trade on nearly 5,000 markets covering foreign exchange, indices, commodities and shares from all over the world using CFDs.
The Forex.com investment app provides a simple-to-use interface, ready-made trading opportunities, real-time alerts and impressive performance analytics that reviews trading habits and behaviours.
What We Like
Part of the $10 billion Nasdaq-listed StoneX Group
Trade on 5,000 instruments
Excellent performance analytical tools
Range of Markets:
5,000+ CFDs on stocks, indices, commodities, foreign exchange
Webull provides one of the best stock investment apps for beginners. The app provides the ability to invest in thousands of stocks using fractional shares with as little as $5. Users can also trade options, ETFs, OTCs and ADRs.
The Webull investment app also provides in-depth analysis tools such as Level 2 Quotes for Nasdaq stocks. Some cryptos are also available to invest with Webull even providing a crypto wallet.
Webull is also one of the best investment tracking apps as the app allows users to create watchlists and manage multiple accounts including retirement accounts, IRA, etc. On top of this, the broker offers 24/7 customer service.
What We Like
Registered with SEC, FINRA, SIPC
Invest in stocks, options, cryptos and more
Zero commission and no deposit minimum
Range of Markets:
5,000+ real stocks, ETFs, ADRs, OTCs, cryptos and options
Robinhood is regarded as one of the best investment apps for Reddit trading ideas. The Robinhood investment app allows users to trade on thousands of stocks, cryptos, ETFs and options.
The app also provides the ability to trade using fractional shares from as little as $1. There are no trading commissions and some users may be eligible for the Robinhood Cash Card.
The Robinhood investment app also provides other unique features such as the opportunity to earn income on any stock positions through Stock Lending.
What We Like
Invest in stocks, ETFs, cryptos and options
Access Robinhood Cash Card for weekly bonuses
Zero commission investing for stocks and crypto
Range of Markets:
5,000+ real stocks, ETFs, cryptos and options
Pricing System:
Only spreads
Exchange fees
Deposit Fees:
Zero (ACH deposit)
Inactivity Fees:
Zero
iOS and Android:
Both
Demo Account:
Yes
Best Investment Apps Compared
Below is a summary of how the best investments compare with each other.
5,000+ real stocks, ETFs, ADRs, OTCs, cryptos, options
Zero (ACH deposit only)
Zero using ACH, $25 national or $45 international wires
Only spread on stocks
Exchange fees
Variable spread, zero commission
Robinhood
5,000+ real stocks, ETFs, cryptos and options
Zero (ACH deposit only)
Zero using bank, 1.5% using debit card
Only spreads
Exchange fees
Variable spread, zero commission
How we Select the Best Investment Apps for Beginners
Finding great investment apps requires research of multiple features. Below is a list of criteria that we take into consideration when selecting the best investment apps for beginners.
Regulation
Investment apps that are regulated by a financial body provide a high level of safety and security. After all, the brokerage is holding investment funds and executing trades.
This needs to be done transparently and safely, in the same way as the financial planning of personal finances using regulated savings accounts from the likes of Fidelity or Vanguard.
Range of Stocks
Having access to a wide range of stocks from all around the world is useful in identifying the best investment options. The investment apps listed above range from having 50 stocks to 5,000 stocks, ETFs and mutual funds to trade on.
Fees
Trading fees need to be transparent and low-cost to protect an investor's financial goals. Fees can include a transaction fee to buy or sell, overnight fees when using CFDs, a management fee, a monthly fee, an annual fee and the spread.
Many brokers are now offering “no fees,” commission-free trading as they mark up the spread to get paid. The spread is the difference between a security's buy price and the sell price. Beware of other non-trading fees which can include deposit, withdrawal and inactivity fees.
Mobile Experience
A great way to check the mobile experience of an investment app is by either using a demo account to test it or by looking at the reviews from other users in the Google Play Store and Apple App Store.
The mobile app needs to be user-friendly and provide access to multiple markets and account management tools to help in implementing an investment strategy.
Trading Tools
The trading tools required for each individual investment portfolio will vary. Longer-term investors may appreciate having more research and analytical tools from in-house analysts to act as a robo-advisor. Shorter-term investors may view having technical indicators and charting functionality as more important.
Some of the best investment apps for beginners listed above have both. For example, Capital.com has in-depth financial research and analysis and market news updated several times a day, as well as a wide range of technical indicators.
Minimum Deposit
The best investment apps allow users to open a live account with a small account minimum. This is a great way to get comfortable with risking real money and testing the products and services the app provides.
Capital.com provides one of the lowest minimum investments available. An account can be opened with only $20.
Demo Account
Another great way to get more familiar with an investment app and test it out is to use a demo account or paper trading account. This is a highly recommended way to witness first-hand all of the features, services and execution speed provided by the broker.
Usually, it only takes a name and email address to open a demo or paper trading account.
Payment Methods
Deposit and withdrawal options are also well worth considering. Most investment apps allow users to deposit via bank account and credit/debit card but it can also be useful to know if the app allows the use of e-wallets such as PayPal.
Checking the fees associated with each method is also important as they can vary between methods. Investment app Capital.com does not charge any deposit or withdrawal fees and has a low minimum balance.
Customer Service
The best investment apps will have in-app customer service. This is important as there will be times speaking to a customer service agent will be required. Some of the investment apps listed above even provide 24 hours a day, 7 days a week customer support but the free apps are unlikely to provide investment advice or financial advice.
How to Use an Investment App - eToro Tutorial
Below is a step-by-step guide on how to use the eToro investment app.
1. Create an Account
Head over to the Apple App Store or Google Play Store and download the eToro investment app. From here, it provides users with the option to open an account with just a name and email.
2. Verify your ID
As eToro is regulated by the FCA, ASIC and CySEC, investors will need to verify your ID and address to comply with regulations.
ID verification documents include a passport or driver’s licence. Address verification documents can consist of a utility bill or bank statement.
3. Deposit Funds
By selecting payment methods, several options appear to deposit funds which can be done without any fees. Options include bank wire transfers, credit/debit card and e-wallets.
4. Start Trading!
Select any of the thousands of assets available to trade on the eToro investment app. This can be done by simply writing in the name at the top of the app, or browning through the categories of markets.
Users can analyse charts and access trading tickets to buy and sell any of the markets available.
Conclusion
Using the best investment app can make a huge difference to the overall success of an investor. Lightning-fast execution, low fees and a simple-to-use interface are essential to compete in the world’s financial markets.
eToro provides one of the best investment apps for beginners 2024. Not only are there thousands of financial instruments available to trade but there are also no deposit fees.
A real account can be opened with as little as $10 and allows users to access a wide range of in-depth financial market research and educational resources.
78% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.
FAQs
What is the best investment app for beginners?
eToro provides one of the best investment apps for beginners due to its high regulation and safety, no deposit fees and huge range of markets to trade on.
Which is the safest app to invest money?
The safest app to invest money in will be a regulated app. The highest regulation is the UK Financial Conduct Authority. For example, eToro is regulated by the UK FCA, as well as ASIC and CySEC providing a high level of safety.
Which app is best for newbie investors?
The best app for newbie investors is the one that can offer a demo account. This means beginners can test out all of the features and services without any risk. Regulated broker eToro provides demo trading accounts.
What investments should a beginner invest in?
There are a range of investments that are suitable for beginner traders. This includes forex trading, crypto trading and stock trading.
What is the easiest investment app to use?
eToro has a great, easy to use investment app. It not only allows the individual buying and selling of securities but users can copy the trades of other successful investors at the click of a button.
Natascha Sing is a London researcher and writer specialising in finance, trading and investing. Sing holds an MBA as well as a Law degree before finding her passion in the financial markets and wealth creation. Her work has been featured in many top financial publications.
