Review: The Best Investment Apps for iPhone in 2020

Are you looking for the best investment app to help get a grip of your finances? A concrete investment app will not only assist you in managing your financial tasks such as switching money between savings and investment accounts, but it will monitor your spending habits. Most importantly, it will free up time for you to enjoy doing more of the things that you love without having to worry about the dreaded 'life admin' - and this can all be done from a click of a button or the swipe of a finger.

The investment apps mentioned in this post are specifically for iOS users available to download on the Apple app store. They are suitable for those just starting out in the investment world, as well as the more experienced investors. Whether you're looking for a game of Monopoly or wish to organize your entire investment portfolio from your phone, there will be an investment app suited to you. Either way, you may wish to do some research around the different types of investment opportunities available from the stock market to real estate or Bitcoin, there are a plethora of free investment guides available online from companies such as RWinvest if you're saving for that buy to let investment property.

We've rounded up 5 of the best investment apps for iPhone in 2020 to help keep your assets and finances in order.

Titan

First up is Titan, more suited to the investors who like to play the long game - which is probably why it's seen to be the 'award-winning investors' app of choice. Learn to understand the 'why' when it comes to building your portfolio and monitor the progress with real-time insights. Titan's objectives are for the user to grow their capital at high rates of return over long periods of time, but also to make their users smarter. Built like a hedge fund, but without the fees, it gives people access to opportunities perhaps only the wealthy might, from easy signup and management options to investment advice and much more. You'll be able to stay ahead of the game with Titan's market research and can withdraw your capital at any time, for free, should you need to.

This app is available for $5.00 monthly, or for an all-inclusive fee of 1% of assets per annum, for balances greater than $10,000.

Acorns

Are you the type of person who always carries loose change? Why not invest it with one of the best, worry-free savings apps? Invest, earn and grow with Acorns, one of the more well-known and favoured finance apps because of its straightforward usability. Once you've downloaded and set up the app and linked a debit or credit card you really don't need to do much else aside from sitting back and letting Acorns round up the pennies on your purchases for you to the next dollar, and invest that into one of your ETF portfolios. This app is perfect for automatic savings and retirement investing without the hassle.

Choose from Lite from as little as a $1 per month to invest your spare change, earn bonus investments and further your knowledge. The recommended Personal account for $3 per month offers an all-in-one investment, retirement, and checking or spending account. Plus you'll grab yourself a metal debit card, and you'll save money with zero account fees and free cash withdrawals at over 55,000 ATMs worldwide. Finally, for $5 per month, you can throw in an investment account for the kids to help teach them the value of money from a young age.

Robinhood

Make your money work harder, by investing, saving and most importantly, earning. This is considered the best app for fee-free trading when it comes to managing stocks, ETFs and cryptocurrency, and avoiding trading commissions. This app is efficient and well polished with a simple navigation system to invest in thousands of stocks with as little as $1, and instant delivery of the first $1,000 when depositing funds to your account. In addition to the no-fee trading, you'll also have access to a stock's page from the search bar to view charts and stocks statistics, with further feeds from news stories to keep you in the loop of everything that's going on in the market.

Invest any amount, build a balanced portfolio and trade in real-time with Robinhood's free trading app. Watch out for some other fees such as trading on margin that requires a Robinhood Gold subscription of $5 per month for up to $1,000 of margin, interest-free.

Stockpile

Great for gifting stocks is the Stockpile app, where you can start investing with just $5 and buy fractional shares of companies if you can't afford the whole stock at the moment. This app is ideal for those that love investing but may not have the capital to purchase expensive stock. Stockpile has also become popular for its redeemable gift card option as a way to get family and friends involved. Children can also track their investments, with a monitored system of approved stocks for them to trade.

The Stockpile app charges 99 cents a trade, with no monthly fee, and you don't need an account to use the gifting option.

Wealthsimple

Invest and save with the automated Wealthsimple app. People prefer this app for automated deposits, dividend reinvesting and balancing their portfolios. With a variety of features, Wealthsimple offers a new low-cost, straightforward approach to investing. Talk to financial advisors who are on hand to answer questions and offer advice on your portfolio, or browse the award-winning magazine to help you make more informed decisions. There is also a 45-minute Investing Master Class to assist with your success. Again, you can invest your spare change with this app using the Wealthsimple roundup feature and with high-interest savings, its the perfect place to keep that all-important rainy day fund.

Wealthsimple offer $0 account minimums and you can get started with as little capital as you'd like. In addition to this, there are no low balance fees, and you'll have unlimited free transfers and withdrawals should you wish to take your savings out. Wealthsimple has no trading, account transfer or rebalancing charges, and keeps costs to a minimum with low-fee ETFs. 0.5% for accounts under $100,000 and 0.4% for those that exceed this amount.