5 Free Investing Apps You Can Use to Grow Your Money

You can use your smartphone for almost any purpose these days, and that includes growing your money. Now, you can get access to the best investing apps right from your fingertips, this makes looking after your stocks and bonds a much simpler task. Here are the 5 best investing apps that are absolutely free.

1. Wealthsimple

Just like the name, this app is one the simplest on the market. Wealthsimple is based in Canada but has just expanded to meet the needs of the U.S market this year. On this app, your money is managed by Robo-advisors which are a lot cheaper than the human equivalent.

On Wealthsimple you can access basic investing resources, view your account records, review your portfolio and much more. This app is different from others because it’s main focus is on Socially Responsible Investing (SRI), which is something a lot of other brokers don’t offer.

To use this app for free, invest less than $5,000 during your first year, and only pay a 0.50% fee after this time is up. Wealthsimple are also currently offering a $100 bonus when you open a Wealthsimple account.

2. Acorns

Acorns is the perfect app to use if you’d like to invest but don’t have much money to spare. You can start investing with Acorns for as little as $1 per month. This is actually called micro-investing in the financial world. The app gets linked to your bank account and whenever you make a purchase, it’s rounded up to the nearest dollar and Acorns invests the difference.

This app is the perfect beginner investing tool for those who have little savings. When you invest in Acorns you can invest in your choice of 6-different low-cost ETFs. The app also offers up resources to help you choose what you’d like to invest in.

Acorns will soon be releasing a retirement account called Acorns Later, too. If you’re under 24 or are a college student, Acorns waves the $1 monthly fee.