Invstr is a unique and innovative app that provides new investors with a fun and interactive way to get started with investing in stocks. With a combination of a fantasy stock market game and access to a vibrant community of investors, Invstr offers a unique platform for learning, real-life investing and community engagement.
Minimum Balance: $0
Fees: Invstr is free, but you can upgrade to Invstr Pro for $3.99 per month. Additionally, you can trade stocks, cryptocurrencies and ETFs commission-free with a minimum investment of $5.
Why We Love It:
Invstr’s fantasy game offers you $1 million in virtual money, giving you the opportunity to test your investing skills and get a feel for the stock market. You can also access the app’s social network and news feed to get inspiration from other investors. The top performers each month have the chance to win real cash prizes.
If you decide to turn your virtual picks into real investments, Invstr allows you to purchase fractional or whole shares without any commission fees.
The app offers new users $30 worth of Bitcoin when they open and fund an account with $100. Plus, Invstr has recently started offering commission-free trading in cryptocurrencies.
Who is it best for?: If you’re looking to learn from an investing community, understand why they prefer certain stocks and have a bit of fun while doing so, Invstr is the perfect app for you.
If you’re looking for investment apps, there are many options available. Some popular choices include “Moneybox”, which was recently endorsed by Martin Lewis, and “NetBenefits” from Fidelity. For those interested in buying crypto, Robinhood is a well-known option, but you could also consider Bendigo Invest Direct or CIBC Investor’s Edge. Fidelity offers a 401k app and Robinhood has a service for “Investing for All.” Another popular app is iBillionaire, which allows you to invest in the portfolios of successful billionaires. If you’re looking to invest in a Roth IRA, Robinhood offers that option as well. When it comes to real estate investment, there are several apps available, including Bamboo and Goldman Sachs Investing. If you’re looking for alternatives to Robinhood, there are many other great options available such as Elon Musk’s investment app and the Fundrise app. For those who want a hands-off approach to investing, there are apps that invest for you, such as Fidelity Spire, Revolut Investing, and Index Funds Revolut. There are also apps like Acorns, Investors Bank, and Tickr Investing that round up purchases and put the spare change into savings. ANZ E*TRADE and DriveWealth are options for those interested in share trading. For Australian users, there’s the Australian Super App and the REIT Investing App. Twine Savings, Wealthsimple Trade, and Real Estate Investing App are other options. ANZ Share Trading and ANZ Share App are also available. If you’re looking for an ETF investment, you can try Acorns ETF. Fidelity Investments also has its own app. For those interested in social investing, there’s the INVSTR app or Orca Investment. NS&I Premium Bonds app allows you to invest in premium bonds. You can even invest your spare change with apps like Acorns. If you’re looking for something more unique, you can consider investing in companies like Bumble through apps like Freetrade. For minors and those just starting out, there are many great investing apps like Stake Trading, Revolut Share Account, and Moneybox Investment.