Most US investors nowadays use investment apps to help them keep up with the latest market trends and take advantage of arising opportunities. However, this doesn’t mean that they no longer use their desktop for investing. Instead, an app can save the day whenever you step out of your working station.
Below, we recommend the best long-term investment apps in the US. Therefore, take advantage of them but first consider choosing the one that aligns with your investment needs.
In this guide
Best Long-term Investment Apps in the US
Compare Best Long-term Investment Apps in the US of 2022
- 1. Robinhood – Overall Best Long-term Investment App in the US
- 2. Interactive Brokers – Best Long-term Investment App for iOS in the US
- 3. eToro – Best Long-term Investment App for Android in the US
- 4. TD Ameritrade – Best Long-term Investment App for Low Budget in the US
- 5. Stash – Best Long-term Investment App for Beginners in the US
- How to Choose the Best Long-term Investment App in the US
How we test?
OnlineTrading aims to provide quality, simple, and proven information to its readers. Our team of financial experts carefully checks every detail to provide a unique and comprehensive guide to safe trading around the world.
Feedback from regular users is very important to us, so we try to consider the opinions of reviews and feedbacks from several trusted platforms. We spend about 100 – 250 hours analysing and collecting information on each trading platform to ensure our recommendations are reliable.
Naturally, we always remain impartial, honest and recommend only licensed and reliable brokers.
Compare Best Long-term Investment Apps in the US of 2022
Before recommending any long-term investment app in the US, we conduct thorough research on various apps in the region. Our experts then compare their elements to identify the ones that meet their specific requirements. After installing them on our mobile devices and signing up for a demo account, we check regulations and licenses. We also compare platform performance and types, assets provided, support service reliability, and more.
In addition, we include user reviews from Google Play, App Store, and Trustpilot in our research to ensure we get accurate findings. To be precise, over 160k user comments and ratings on the US long-term investment apps were reviewed. So rest assured that we create unbiased recommendations with the combination of our financial expert insights and millions of investors’ opinions.
In addition, you also have accurate information you need to make the most suitable choice for your investment needs. See below a sample of our ratings on the investment apps in the US based on our research.
1. Robinhood – Overall Best Long-term Investment App in the US
Robinhood offers commission-free investing across a variety of instruments, including stocks, commodities, options, ETFs, and fractional shares. Investing without incurring commission charges allows you to maximise your potential hence keep your position open for a more extended period.
Additionally, the investment app doesn’t have an account minimum deposit requirement. This allows you to start your investment with any amount you can afford. Robinhood is also backed up with quality research materials to help you monitor your long-term investment positions to identify any threats.
Simply put, it’s the user-friendly features on Robinhood that makes it the best overall for long-term investment. So, whether you are a newbie or expert investor, Robinhood is customisable to suit your investment needs.
- Commission-free investments
- User-friendly mobile app with a two-step safer login.
- Plenty of investment instruments
- No mutual funds and bonds
- No live chat support service
- No demo account
2. Interactive Brokers – Best Long-term Investment App for iOS in the US
If you own an iOS mobile device, Interactive Brokers is your best bet for long-term investments in the US. From our tests and investors’ opinions on the App Store, Google Play and Trustpilot, IBKR ranks highly with iOS users. Its performance on iOS devices is impeccable, with orders executed fast to enable you to benefit from the asset markets.
Being one of the most popular long-term investment apps in the US, the Interactive Brokers app is trusted. You can download it for free from the App Store to start monitoring your investment. Additionally, it has won multiple awards over the years, and its presence spans far beyond the United States.
IBKR offers excellent investment tools for research and learning on your iOS device. Together with its cutting-edge technology, these tools will help develop a perfect strategy to manage your investments with ease using a mobile device.
- Highly rated on the App Store
- Regulated by the National Futures Association (NFA) and the Commodities Futures Trading Commission (CFTC), securing its position in the US
- Excellent collection of investment products
- The app’s platform can be challenging for beginners to navigate
- Customer service operates only during weekdays
3. eToro – Best Long-term Investment App for Android in the US
eToro features fast execution and is user-friendly when used on Android devices. It is also one of the highly recommended long-term investment apps on Google Play with zero commission on stock and fractional shares investment.
Investing with this app provides access to the local and international markets. With low fees for investing, it is easier for you to diversify your portfolio. What’s more, the app has a social platform for meeting and chatting with other investors. You can imagine what you could learn from the expert investors you meet, especially when you are online most of the time using your Android device.
Although it requires a minimum deposit of $200, downloading and signing up for an investment account is free. It features adequate resources for your investment strategy but lacks advanced platforms like the MT4.
- Highly rated on Google Play Store
- Low investment charges
- Intuitive design platform with excellent investment tools
- High minimum deposit
- Withdrawal charges apply
4. TD Ameritrade – Best Long-term Investment App for Low Budget in the US
TD Ameritrade’s ThinkorSwim app ranks highly in this category because it charges low investment fees. Non-trading charges are also favourable, including zero requirements for a minimum deposit. Transactions (deposits and withdrawals) are also free, and there is no inactivity charge. Evidently, low budget US investors will benefit from TD Ameritrade’s investment app.
Besides charging low investment costs, this app also hosts top-tier technical analysis tools for your strategy. It’s also easier for you to manage your investments on the move using the fundamental resources provided as long as you install the ThinkorSwim app on your mobile device.
Many investment products are offered at TD Ameritrade, including stocks, options, ETFs, mutual funds, futures and more. Therefore, if you are a newbie trying to identify the best, ThinkorSwim has varieties to test on its demo account.
- No minimum deposit
- $0 commission on stocks, options, and ETFs
- Knowledgeable and dedicated 24-hour support service
- Funding fees are high
- No negative balance protection for US investors
5. Stash – Best Long-term Investment App for Beginners in the US
Beginners willing to invest long-term in the US should try Stash. The app has a minimum deposit of $5 with commission-free investing on stocks, fractional shares, and ETFs. This is a plus for beginner investors in the US since you get to start your investments without putting in lots of funds.
Stash is easy to download and install on any mobile device. Creating an investment account takes a few minutes since the process is straightforward, even for newbies. You can quickly catch up with advanced investors by taking advantage of its learning resources. However, this long-term investment app in the US does not have a demo account.
Additionally, trading tools provided for research are also adequate to help newbies kickstart their investment activities. We also recommend this app to beginners since it has a committed support service that runs round the clock five days a week.
- Low minimum deposit
- User-friendly platform with cutting-edge technology
- Various account types to choose from based on your level of experience
- No demo account
- Investment products limited to stocks and ETFs only
How to Choose the Best Long-term Investment App in the US
Although we have recommended the best long-term investment apps in the US, it is essential that you compare their features to identify a suitable one. However, if you decide to forgo our recommendations and conduct research on your own, consider the elements below.
Safety is an essential element when investing in the US since it helps avoid getting ripped off by unscrupulous brokers. Therefore, make sure a long-term investment app is provided by a broker regulated by The National Futures Association (NFA) and the Commodities Futures Trading Commission (CFTC). Using such apps is also the only legal way to invest in the US.
The long-term investment app should host the securities that you plan on trading. Not only should the app allow access to the US market, but international ones as well. This is so that you have plenty of options for portfolio diversification hence increase your chances of earning profits.
Before you kickstart your investment venture, make sure that you have a budget and be willing to stick to it. With this in mind, you will be able to select an affordable investment app by confirming charges, including minimum deposit, commission, spread, financing charges, inactivity fee and more. Also, ensure there are no hidden charges to prevent future surprises.
While some long-term investment apps in the US offer a single proprietary platform, most of them provide varieties to choose from based on your experience level. For example, if you are a newbie, consider an app with beginner-friendly features. Choosing a more advanced platform will only lag your activities in the long run.
The app should also offer support in terms of research materials and learning resources such as articles, videos, webinars, and more.
Most investment apps usually provide Demo accounts to ensure that you clear any doubts and prepare yourself fully before you start investing. Therefore, we encourage you to begin your venture with demo accounts, especially if you have zero experience with an investment app in the US. Sign up for an investment account and test the broker to make sure it fully complements your needs.
Like we did in our research, it is important that you seek users’ opinions regarding a long-term investment app before you choose. In this regard, visit Google Play, the App Store, and Trustpilot for other investors’ opinions and recommendations. The app should be highly ranked based on its offerings and order execution speed.
You can invest your money long term using online brokerage firms. You should also consider using their apps, which are easy to download and install on your mobile devices. This way, it is easy to track your investments anytime, especially if you are on the move. There are plenty of long-term investment apps, but our mini-reviews above reference the best in the US market.
With online brokers, you can invest long term on stocks, mutual funds, bonds, ETFs, and more. You simply have to choose a broker with suitable offerings to fully benefit.
Any investment that lasts more than five years is considered a long-term investment. Therefore, you must understand your investment maturity period in order to make the best choice of assets and decide how much you are willing to risk.
Yes. There are no rules restricting foreigners from investing in the US. However, they will have to invest with a US broker that has access to their local markets.
Yes. Online brokerage firms in the US are safe for investing. However, they have to be regulated by the National Futures Association (NFA) or the Commodities Futures Trading Commission (CFTC) to prove their credibility further.
The first step to investing in the US is to identify an asset and learn more about it, including how it is invested. Then, choose an investment broker that is suitable for your needs and create an investment account to access the markets.
No. Fortunately, foreigners are not subjected to US capital gains tax. However, they are likely to pay taxes on profits made by trading US stocks in their country of origin.
Yes. There are no specific restrictions against foreigners creating trading accounts in the US. Simply ensure that you abide by the legal protocols of trading in the country, including dealing with a broker regulated by the National Futures Association (NFA) or the Commodities Futures Trading Commission (CFTC).
This ultimate guide recommends the best long-term investment apps in the US. They have all been tested and approved on by our expert researchers to save you the stress of conducting time-consuming and overwhelming research. Keep in mind that the apps have varying features, meaning that any investor can find a suitable choice from our list above. So, take your time to review them, make the right choice and kickstart your investment venture.