What Are The Best Investment Apps?

Moneyfarm is an all-in-one investment app that’s easy to use and ideal for beginners; designed for new, innovative investors who are looking into long-term investment.

They provide users with fully managed portfolios along with investment advice to enable their clients to enjoy a world of investing.

Based on an understanding of your investment knowledge, awareness of risk, and the amount you plan to invest, Moneyfarm will match you to one of seven portfolios; that will help you make the right choices and avoid mistakes when you first start investing.

It can be difficult to learn about investing from scratch, but Moneybox‘s platform will help you better understand the jargon so you can learn and invest as you go! 

All investors are unsure about value fluctuations, which is why Moneybox predicts this for you meaning you can understand the future value of your investment.

Moneybox provides three starting options – Cautious, Balanced and Adventurous for beginners so you can opt for an account based on your investment aims.

Nutmeg is best suited for people who are very new to the world of investing. The app was released as one of the first Robo-advisors and is now one of the biggest investing apps.

You can pay a little extra monthly fee for Nutmeg’s fully managed portfolios, where investment experts will oversee your portfolio and complete the buying and selling process for you; whilst making changes where appropriate.

InvestEngine offers a choice of investment options to suit your requirements.

Whether you prefer an active or passive approach, they offer a range of services that give you the power to manage your investments in the way you choose.

For InvestEngine to manage your portfolio, they charge a single, low management fee of 0.25% a year.

Whether you’re opening an account for stocks and shares, bonds, a pension or a standard investment account, Evestor offers this at a low cost for a personalised user portfolio.

You can start with a low amount of funds, even if that amount is just £1, which will allow you to become familiar with the platform before investing more.

£1 seems to have become a theme across many investing apps and this includes Freetrade. You can build a share trading account with a low-cost fee of £1 through the smartphone app.

In addition, you can also hold and manage your shares in an ISA, meaning interest rates are tax-free, making it an even more cost-effective platform. You do, however, need to pay £3 monthly fee for this option. When buying and selling, all transactions are instant and free.

Exo is an automated AI investing platform that learns and optimises your financial profile, designed with customer goals in mind.

AI will ask you about your goals, desires, investment philosophy, investment preferences, investment goals, investment time horizon, savings goals and the amount of risk you’re willing to take; in order to gain a good understanding to create a portfolio for your needs.

Wealthify is an automated platform that analyses your investment requirements e.g. risk analysis and future investing ambitions for you in order to automatically find the best saving and investing opportunities.

It’s “smart” technology will automatically invest your assets, so you don’t have to spend time rebalancing your portfolio.

The development of artificial intelligence, designed to automate their existing business processes, reduce costs and errors, increase productivity, and cut down on human involvement.

Investors are encouraged to contemplate how their investments will affect the environment. Instead of buying shares from various companies, customers can also invest in portfolios that narrow their focus on social issues, such as climate change, as demonstrated by Circa 5000.

If ethical investing is of interest, you may choose to explore other apps such as Nutmeg and Wealthsimple.