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 2023’ 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 2023 – 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:

  1. eToro – Overall Best Investment App for Copy Trading 25 Million Traders
  2. XTB – Popular Investment App Regulated Providing Top Notch Customer Service
  3. Axi – Advanced Investment App Offering Tools and Copy Trading
  4. Vantage – Top Rated Investment App Offering High Leverage
  5. Libertex – Top Rated Investment App for Cryptocurrency CFD Trading
  6. AvaTrade – Great Investment App for Options Trading on Forex & Gold
  7. Pepperstone – Great Investment App for Advanced Trading Functionality
  8. Forex.com – Investment App for Professional Performance Analytics
  9. Webull – Fractional Shares, Options & ETFs Investment App
  10. Robinhood – Stock & Crypto Investment App with 0% Commission

etoro review

78% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.

Best Investment Apps in 2023 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 2023 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 logo

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 also allows users to trade on thousands of other markets which includes stocks, indices, commodities, exchange-traded funds and foreign exchange commission-free. In fact, the app also allows the buying and selling of real stocks and shares as well as CFDs, providing the option to profit from rising and falling market prices.

best investment apps etoro mobile

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.

What We Like

Range of Markets: 3,000+ real and CFD stocks, cryptos and forex, indices, commodities ETFs
Pricing System: Only spread fee real stocks

Spread and overnight fees for CFDs

1% to buy and sell crypto 

Deposit Fees: Zero
Inactivity Fees: $10 per month if inactive for over 1 year
iOS and Android: Both
Demo Account: Yes

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-logo

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.

best investment apps xtb mobile

XTB has won many awards for its customer service which is available in multiple languages, 24 hours a day, 5 days a week, serving more than 430,000 users. It is also regulated by the FCA, CySEC, FSC and KNF and is one of only a few brokers which is 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
Pricing System: Only spread and overnight fees for CFDs
Deposit Fees: Zero for bank/credit card
Inactivity Fees: €10 per month if inactive for over 1 year
iOS and Android: Both
Demo Account: Yes

81% of retail investor accounts lose money when trading CFDs with this provider.

3. Axi - Advanced Investment App Offering Advanced Tools and Copy Trading

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.

What We Like

  • Copy Trading feature on app
  • 0% commission
  • Award winning broker
Range of Markets: Stocks, indices, commodities, cryptos, forex
Pricing System: Spreads and overnight fees 
Deposit Fees: $0
Inactivity Fees: $10 per month if inactive for over 12 months
iOS and Android: iOS
Demo Account: Yes

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.

best investment apps vantage mobile

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.

What We Like

Range of Markets: 400+ CFDs on stocks, indices, commodities, foreign exchange
Pricing System: Only spread and overnight fees for CFDs
Deposit Fees: Zero 
Inactivity Fees: Zero
iOS and Android: Both
Demo Account: Yes

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 logo

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.

best investment apps libertex mobile

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
iOS and Android: Both
Demo Account: Yes

62.2% of retail investor accounts lose money when trading CFDs with this provider.

6. AvaTrade - Great Investment App for Options Trading on Forex & Gold AvaTrade logo

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.

best investment apps avatrade mobile

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
Pricing System: Only spread and overnight fees for CFDs
Deposit Fees: Zero
Inactivity Fees: $50 per quarter after 3 months of inactivity
iOS and Android: Both
Demo Account: Yes

71% of retail investor accounts lose money when trading CFDs with this provider.

7. Pepperstone - Great Investment App for Advanced Trading Functionality Pepperstone logo

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.

best investment apps pepperstone

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.

What We Like

  • Regulated by FCA, ASIC, BaFin
  • Tight spreads and deep liquidity for FX traders
  • Multiple platforms TradingView, MT4, MT5, cTrader apps
Range of Markets: 1,200+ CFDs on stocks, indices, commodities, ETFs
Pricing System: Low spread + commission

From $7 round turn FX

From $0.02 per share (US)

Deposit Fees: Zero
Inactivity Fees: Zero
iOS and Android: Both
Demo Account: Yes

74% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

8. Forex.com - Investment App for Professional Performance Analytics forex com logo

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.

best investment apps forex com mobile

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
Pricing System: Only spread and overnight CFD fees

Share CFD commission from 0.08%

Deposit Fees: Zero
Inactivity Fees: $15 per month after 12 months of inactivity
iOS and Android: Both
Demo Account: Yes

9. Webull - Fractional Shares, Options & ETFs Investment App webull logo

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.

best investment apps webull mobile

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
Pricing System: Only spread on stocks

Exchange fees

Deposit Fees: Zero (ACH deposit)
Inactivity Fees: Zero
iOS and Android: Both
Demo Account: Yes

10. Robinhood - Stock & Crypto Investment App with 0% Commission Robinhood Logo

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.

best investment apps robinhood mobile

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.

Broker Investment Products Deposit Fees Withdrawal Fees Pricing System Cost of Investing in NVIDIA
eToro 3,000+ stocks, forex, indices, commodities, cryptos, ETFs Zero $5 Only spread and overnight fees for CFDs

Only spreads for real stocks

1% to buy and sell crypto

0.16% variable spread, -0.015% overnight
XTB 2,000+ stocks, indices, commodities, forex Zero Zero Only spread and overnight fees for CFDs 0.35% variable spread plus overnight fee 
Axi 50+ stocks, forex, indices, commodities, crypto Zero Zero Spreads and overnight fees Stock not offered
Vantage 400+ stocks, indices, commodities, forex Zero Zero for domestic, Neteller 2% Only spread and overnight fees for CFDs 0.16% variable spread plus overnight fee
Libertex 300+ stocks, indices, forex, cryptos Zero 0.5% bank, 1€ debit card, PayPal free  Only spread and overnight for  CFDs

Commission and overnight for stock CFDs

Real stocks just spread

0.0003% commission and 0.0302% overnight fee 
AvaTrade 1,250+ stocks, indices, commodities, cryptos, options Zero Zero Only spread and overnight fees for CFDs 0.13% variable spread, -0.023% overnight
Pepperstone 1,200+ stocks, indices, commodities, ETFs Zero Zero Only spread and commission

From $7 round turn FX

From $0.02 per share (US)

Variable spread and $0.02 per share
Forex.com 5,000+ stocks, indices, commodities, forex Zero $25 in US, $40 international Only spread and overnight CFD fees

Share CFD commission from 0.08%

Variable spread and 0.08% commission
Webull 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.

etoro app

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.

etoro app

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.

buy apple stock on eToro app

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 2023. 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.

etoro review

78% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.

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