Top 5 Investment Apps for Teens

It’s a common misconception that investing isn't possible for anyone under 18 because teens can’t open their own brokerage accounts. In reality, with the help and approval of a parent or guardian, you CAN start building wealth early. Through the rise of teen-friendly investment apps, young investors now have more tools than ever to dip their toes into the market, even with small amounts of money. Whether you're saving for college, your first car, or just learning how to grow your wealth, these apps make it easy to get started. Here is Kidconomy's list of the Top 5 investment apps for teens:

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1. Fidelity® Youth Account

   
   

   Why It's Great: Fidelity youth is specifically designed for teens aged 13–17, offers access to stocks, ETFs, and mutual funds, and has no account fees or a required minimum balance. That means you can invest with as little as $1! (P.S. I use this app myself and have had a great experience.)

   
   

   Notable Features:

   - Extensive financial literacy tools included in the app - Commission-free trades

   - Comes with a free debit card - No subscription fees

   Potential Drawback: - A parent or guardian must have or open a Fidelity account to open a youth account.

   
   

2. Greenlight

   
   

   Why It's Great: Greenlight, well known for teaching kids financial responsibility, took a huge step when they added their Invest feature. It allows teens to explore the world of stocks and ETFs with parental guidance.

   
   

   Notable Features:

   - Includes bite sized financial literacy tools

   - Comes with a free debit card - No hidden fees - No minimum balance

   
   

   Potential Drawback:

   - $10 a month subscription required

   
   

3. Acorns Early Invest

   
   

   Why It's Great: Acorns rounds up your purchases to the nearest dollar amount and invests the spare change into a diversified portfolio. That way, it doesn't even feel like you're spending money to invest, as you barely notice the difference.

   
   

   Notable Features:

   - Automatic investments with low effort

   - Access to expert-built, diversified portfolio

   - Ability for other people to contribute gifts

   - No minimum balance

   
   

   Potential Drawback:

   - Only available on Acorns Gold subscription plan ($12 a month)

   - Trades must be approved by parent

4. Stash

   
   

   Why It's Great: Stash provides personalized advice for both beginner investing and personal finances. Plus, Stash gives you access to both investing and banking in one platform, so you can manage your money all in one place. Lastly, a subscription includes the Stock-Back® Card, a debit card that rewards you with pieces of matching stock when you shop at well known brands.

   
   

   Notable Features:

   - Invest in stocks and ETFs

   - 3 different portfolios (Personal, Smart, Retirement) - Comes with the Stock-Back® Card

   
   

   Potential Drawback:

   - $3 a month (Relatively cheap but not free)

5. Stockpile

   
   

   Why It's Great: Stockpile allows teens to buy shares of their favorite companies for as little as $1. Parents can gift stocks via e-gift cards, making it easy to get started.

   
   

   Notable Features:

   - Access to crypto

   - Don't need to link bank account - 30 day free trial

   - Learning feature

   
   

   Potential Drawback:

   - Trades have to go through parents first

   - $4.95 per month

   
   
   
   

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Is there an app you think we left off? Let us know in the comments!