9 Best Micro Investment Apps to Expand Spare Changes

We are definitely pleased that you don’t need a pile of cash to start your investment!

Many people want to invest, but feel they are shutting out with high minimums, trading fees and complex platforms.

However, with the micro investment app, everyone can now start investing for just a few dollars.

So if you’re ready Kickstart your investment journey Read on to learn more about the best investment apps I can find without breaking the bank.

Key takeout

• With the Micro Investment App, you can start your investment with just a pocket change.
• Set up a micro investment app account using a linked bank account to automatically store some money on a regular basis.
• Micro investment apps don’t just save money. It also has easy-to-digest financial advice, tips, videos and articles.
• Robin Hood My number one recommendation – perfect for beginners and simple everyday transactions with no fees.

The best micro investment app

These micro investment apps keep things simple. They provide you with an easy-to-understand investment portfolio selection based on your risk tolerance.

Micro Investment Apps are great if you want to start investing without the need for a lot of money.

So here is my top pick for the best micro investment apps.

1. Robin Hood

• Fee: free
• evaluation: 4.1 star – Google Play; 4.2 star – Apple Store
• Minimum deposit: none
• Investment Options: 650 global stocks through US Exchange Listed Stocks, US Deposit Receipts (ADRs), ETFs and Options

Robin Hood A popular micro investment app for starting to invest in active trading in an accessible way.

What’s really cool about Robinhood is that you can open an investment account without a minimum balance.

One of my favorite features of Robinhood is that you can buy fractional stocks. This is perfect for me. Because that means that if I don’t have my budget, I don’t have to promise to buy the entire share.

Beginner traders can also take part in the action. I prefer to encourage you to take initiatives as long as you are satisfied with the risks involved.

Plus, you Get free stock When you sign up!

I started using Robinhood years ago – check it out to see more of my thoughts on the app My detailed Robinhood review.

Strong Points:

• No fees trading
• Free stock
• User-Friendly Interface
• There is no minimum account balance

Cons:

• Limited research tools
• Primarily app-based support

2. Improvements

• Fee: Basic account – A monthly fee of $4 or an annual fee of .25%. Prices for higher investments will change
• evaluation: 4.7 stars on Google Play. 4.7 stars on the Apple Store
• Minimum deposit: $0 (Investment); $10 (High Yield Savings)
• Investment Options: Stocks, bonds, ETFs, high yield cash accounts, IRAs, and 401(k) rollovers

Improvements This is the perfect micro investment app for those who want to start investing without becoming a stock market expert.

Wall Street Journal I recognized it as “the best robo-advisor of 2024.” If you want a handoff investment experience, better things are great for you.

With either investment account (digital or premium), you can target and set the remaining handles, from investment choices to automatic rebalancing portfolio automation.

Betterment also helps to legally reduce taxes and maximize investment growth using strategies such as tax harvesting.

Strong Points:

• Automatic Portfolio Management
• You can buy fractional shares with ETFs
• Goal-based investment
• Provide a retirement account
• Tax efficiency

Cons:

• Limited customization
• There are no direct stock trading

3. Acorn

• Fee: Acorns Personal- $3/mo, Acorns Personal Plus- $5/mo, Acorns Premium – $9/MO
• evaluation: 4.6 stars on Google Play. 4.7 stars on the Apple Store
• Minimum deposit: none
• Investment Options: Stocks and ETFs, bonds, children’s investment accounts, and IRAs

Acorn User-friendly micro investment apps are designed to help you grow your savings effortlessly through small and automatic investments.

Their signature function is “Roundup.” It rounds up your daily purchase amount to the nearest dollar and invests in spare changes.

For example, if you buy a coffee for $3.75, Acorns rolls it up to $4.00 and invests an extra 25 cents in your portfolio.

With your Acorns Invest account, you can increase your investment efforts by setting up recurring contributions during the day, weekly, or monthly.

read My honest Acorns review Check out more of its unique features.

Strong Points:

• Automatic investment through Roundup
• Easy Portfolio Options
• Repeated investment
• Resignation and Family Accounts

Cons:

• Less investments can slow growth

4. webull

• Fee: There is no commission
• evaluation: 4.3 stars on Google Play. 4.7 stars on the Apple Store
• Minimum deposit: $0
• Investment Options: Individual Stocks, Options, Futures, ETFs, OTCs, Margins, and Fractional Stocks

webull is a fee-free trading platform that has become popular among investors looking for accessible and user-friendly options to buy and sell financial assets.

One of the standout features of broker accounts using Webull is its intuitive and streamlined interface.

Provide users with real-time market data, customizable charts, technical metrics, and advanced trading tools to make informed portfolio decisions.

Webull also provides educational resources to help users better understand their investments. This is great for new investors.

Strong Points:

• No fees trading
• Advanced trading tools
• A wide range of assets in a diverse portfolio
• User-Friendly Interface

Cons:

• Limited customer support
• Limited Educational Resources
• Some account charges apply

5. Charles Schwab

• Fee: $0
• evaluation: 2.3 stars on Google Play. 4.8 stars on the Apple Store
• Minimum deposit: none
• Investment Options: IRA, ETFS, 3 investment strategies, 6 risk profiles

Charles Schwab, known primarily as a full-service broker, also offers its microinvestment options. Schwab Intelligent Portfolios Service.

The service allows users to invest in a diverse portfolio of advisory fees, account service fees, and a committee-free ETF.

One of the key features of Schwab Intelligent Portfolios is its automated investment approach.

Users answer a set of questions about goals, risk tolerance, and investment timelines, and the platform uses this information to create and manage personalized portfolios.

The platform automatically recalibrates your portfolio as needed to maintain your desired asset allocation.

Strong Points:

• Automatic investment
• There are no advice or fees
• A variety of ETFs
• Customizable Portfolio

Cons:

6. Faithful

• Fee: $0; .35% per year for over $25,000
• evaluation: 4.4 stars on Google Play. 4.8 stars on the Apple Store
• Minimum deposit: $0
• Investment Options: 14 Portfolios – 7 Taxable and 7 Retirement Portfolios

Fidelity is a well-known financial services company offering micro investment options. FidelityGo® Platform.

FidelityGo® offers users an easy and automated approach to investment, making it easy for beginners to get started in the market.

Create a customized portfolio consisting of a combination of Fidelity Flex Mutual Funds equivalent to stocks, bonds and cash, allowing diversification within the portfolio.

Fidelity also offers the “Stock by Slice” feature. This is an innovative way for investors to buy fractional shares of individual stocks.

With stocks by slices, investors can choose from the popular stock selections listed on major exchanges and buy a portion of one share for just $1.

Strong Points:

• There is no administrative fee for accounts under $25,000
• Portfolio Human Management
• Integrate with other fidelity accounts

Cons:

• Limited investment options
• No late tax agent harvest provided

7. SOFIActive Investing

• Fee: $0
• evaluation: 3.9 on Google Play. Apple Store 4.8
• Minimum deposit: There is no minimum deposit
• Investment Options: Stocks, ETFs, upcoming IPOs, fractional shares, IRAs

Sophie We’ve been helping students refinance student loans for years, but now we have plenty of other items too!

Their SOFI Invest Platform allows you to buy and sell stocks, ETFs and even cryptocurrencies.

What’s neat about Sophie is that they’re all about the community and perks.

SO-FI members have access to exclusive perks such as career coaching, networking events, and financial planning resources.

Strong Points:

• Access to IPO products
• There is no minimum account
• Fractional strains are available
• Commission Free Transactions

Cons:

• Limited Portfolio
• No late tax agent harvest provided

8. JP Morgan

• Fee: $0
• evaluation: 3.9 stars on Google Play. Apple Store 4.7
• Minimum deposit: $1
• Investment Options: Stocks, bonds, IRAs, mutual funds, and ETFs

JP Morgan It’s like having a trusted financial advisor in your pocket!

JP Morgan’s platform gives you access to many investment options, personalized advice, and help with one of the biggest names in finance.

They provide you with all sorts of tools and resources that will help you stay on top of your investment and make informed choices.

After using resources to create an investment game plan, you can build your own investment portfolio that fits your goals and risk tolerance.

Strong Points:

• Access to professional advice
• Various investment options
• Research and analysis tools
• Brand review

Cons:

• Higher prices
• Limited accessibility for new investors

9. public

• Fee: $0
• evaluation: 4.1 on Google Play. Apple Store 4.7
• Minimum deposit: $0
• Investment Options: Stocks, options, bonds, high yield cash accounts, crypto, ETF, Ministry of Finance, Investment Plans, royalties

public It is a platform that allows you to buy and sell stocks, ETFs and even cryptocurrency while connecting with other investors.

What’s cool for the public is that it’s not just about trading stocks, but also about building a community.

You can follow other investors, see what they are investing in, and share your own insights and strategies.

Additionally, Public can access real-time market data and educational materials to help you learn more about investments and make smarter decisions.

Strong Points:

• Social Investment Community
• No fees trading
• User-Friendly Interface
• Fractional Investment

Cons:

• Limited investment provision

Pros and cons of micro investment

Strong Points

• Low minimum investment
• Various investment options
• easy to use
• Useful resources to teach users
• Simplified investments in most micro investment accounts

Cons

• Limited investment options
• Potentially reduced returns
• Lack of personalized advice

FAQ

What is microinting?

Micro investment is a great way to start investing without investing large amounts of money. Even spare changes from daily purchases can start investing with a small amount of money.

And even if you start small, you can still play in a big league where investments in stocks, bonds and ETFs are mixed.

Is micro investment worth it?

This is especially true for beginners and people with a tight budget.

Micro investment platforms are a stepping stone for beginner investors to learn about the stock market without having to put a lot of money into it.

However, to quickly see large returns, large investments are usually required to make micro investment apps valuable.

Which app is best for micro investment?

Choosing the best micro investment app really depends on your personal financial goals, the level of your preference for involvement in managing your investments, and the most important features.

Below are some of the most popular options I have used and liked. Each has its own strengths:

• Acorns: Perfect for those who want to invest without thinking. Acorns will summarise your everyday purchases into the nearest dollars and invest the differences.
• Robin Hood: Perfect for people with experience that want to actively build and manage their investment portfolio. Plus, you’ll have free stock when you open an account.
• Improvements: Perfect for users who prefer a handoff approach but are a little more refined than Acorns offers.

What should I look for in the investment app?

When choosing an Investing app, there are a few things to look for in an Investing app to help you choose the app that suits your requirements when opening an account.

1. User Experience: Especially for beginners, the app should be easy to use and navigate. Read reviews and see how well micro investment apps work for people.
2. Fees and costs: Know your brokerage account fees, including account fees, transaction fees, and other administrative fees that may affect your take-out cash.
3. Investment Options: Find an app that offers the type of investment you need, such as individual stocks, exchange trading funds (ETFs), mutual funds, cryptocurrencies and more.
4. Account Type: Depending on your financial goals, you may need different accounts, such as individual tax accounts, Ross IRAs, and 529 plans.
5. safety: Make sure your investment app has strong security measures such as encryption, a secure login process, and ideally two-factor authentication.
6. Reviews and Reputation: Check user reviews and research app reputation to make sure other users are happy with their services.

How do investment apps work?

Investment apps make investments easier with a smart, user-friendly setup. Therefore, even if you’ve made an investment, you won’t get lost.

Essentially, they use some rather advanced software to handle all the buying and selling of stocks and manage their portfolios in real time.

These apps also have clever automated features such as robo-advisors, allowing you to manage your investments based on your personal goals and comforting risks.

The Micro Investing app connects seamlessly with your bank accounts and financial markets. This means that all transactions are smooth and quick.

Do you need a lot of money to start investing?

Not at all! One of the great things about modern investments, especially with the rise of micro investment apps, is that you can start with most money.

With many apps, you can start investing for just a few dollars, and some apps can even work with spare changes from everyday purchases.

Acorn You can slowly increase your investment as you close the price to the nearest dollar and invest the difference.

How much do you pay for your investment?

For micro investment apps, costs may vary depending on the app you use and the features you choose. Before you start investing, check the fee structure.

This is a typical price reduction:

• Monthly fee: Many of these apps charge a monthly or transaction fee. This ranges from 1 to 5 dollars.
• Investment Fees: Traded stocks and ETFs are often free (no commission), but be aware of the fees hidden in other products such as mutual funds.
• Withdrawal fee: Although not very common, some apps may charge you a fee to withdraw money.
• Additional Services: If you want some premium features, such as chatting with a financial advisor or taking part in a more sophisticated investment strategy, you may incur additional charges.

Is it less likely that you will lose money with microinvest?

Micro investments do not necessarily reduce the risk of losing money compared to other forms of investment.

Small investments in a micro investment app can limit your initial losses, but are subject to the same market risk as investments.

The key benefit is that you can start small and get used to investing without increasing the large amount.

Final Thoughts

Micro Investment Apps make investments more accessible and affordable, especially for beginners who have less money to invest from the gate.

Each app has its own features, but everything is intended to help users increase their investment over time.

Think of you as choosing your financial goals and risk tolerance to choose what’s best for you and has the investment options you want.

I really had fun Robin Hood Highly recommend to new investors as you invest when you have available money.