7 Best Investment Apps for Small Business 2022

We found the best investment apps that let small businesses take part in trading.
Best Overall
TD Ameritrade
TD Ameritrade
4.5 out of 5 stars
4.5
Account minimum
$0.00
  • pro
    $0 commissions on stocks & ETFs
  • pro
    No maintenance fees
Best for Options
Firstrade
Firstrade
4.3 out of 5 stars
4.3
Account minimum
$0.00
  • pro
    $0 commissions on stocks & ETFs
  • pro
    No maintenance fees
Best for Crypto
Trade Station
TradeStation
4.2 out of 5 stars
4.2
Account minimum
$0.00
  • pro
    $0 commissions on stocks & ETFs
  • pro
    No maintenance fees
Best Free Trial
Interactive Brokers
Interactive Brokers
3.7 out of 5 stars
3.7
Account minimum
$0.00
  • pro
    $0–$0.005 commissions on stocks & ETFs
  • pro
    $0–$10 maintenance fees
Best Broker-Assisted
Zacks Trade
Zacks Trade
3.4 out of 5 stars
3.4
Account minimum
$2,500.00
  • pro
    $0.01 or 1% commissions on stocks & ETFs
  • pro
    No maintenance fees

Data as of 01/19/22. Offers and availability may vary by location and are subject to change.

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As a busy small-business owner, you won’t always have time to sit down at a desk and manage your stock market investments. Fortunately, mobile investment apps make it possible to buy, sell, and trade no matter where you are.

But which investing app should you use?

In most cases, TD Ameritrade is the right answer. But it’s just one of the seven apps we ranked based on their pricing, products, and perks. So in this article, we’ll give you details on all the best investment apps―including their features and what makes them stand out―to help you decide. 

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Caution

Before we start talking about the best investment apps, we want to offer a quick word of caution. Investing in the stock market is not the best idea for many small businesses. It’s risky, and usually that money can be spent better elsewhere. We discuss this more in the FAQs below.

Of course, you know what’s best for your business. That’s why we’re still reviewing the best investment apps. We just urge you to proceed with caution.

Best online brokers for stock trading

Compare the best online brokers

Broker
Maintenance fees
Stocks, ETFs, Options, Bonds, & Mutual Funds
Other products
Get Started
N/A
Icon Yes  DarkYes
Futures & Forex
N/A
Icon Yes  DarkYes
N/A
N/A
Icon Yes  DarkYes
Futures & Cryptocurrency
$0-$10
Icon Yes  DarkYes
Futures & Forex
N/A
Icon Yes  DarkYes
N/A

Data as of 01/19/22. Offers and availability may vary by location and are subject to change.

Info
Investment basics

If you need a quick reminder on the difference between stocks, ETFs, and options (or anything else), check out our guide to the stock market.

Are investment apps worth it?

For many small businesses, investment apps aren’t worth it.

First of all, investing in stocks (or options, futures, etc.) is a risky business. The market is volatile, so you have no guarantee that you’ll make money. Given how hard you’ve worked to make your small business successful, do you want to risk your funds?

Second, the money you invest in the stock market is money you could instead invest in your own business. For example, you could hire new employees, run an aggressive marketing campaign, or purchase new commercial real estate for your business. These investments have the potential to build your business and boost your profits. Instead of investing in Apple’s business, why not invest in your own?

Of course, the answer ultimately depends on your business’s unique situation. Just make sure you carefully consider your options before you go the investment route. You may also want to speak with a financial advisor or accountant beforehand so you fully understand the tax implications of investing your business money.

TD Ameritrade: Best overall

TD Ameritrade
TD Ameritrade
TD Ameritrade
Account minimum
$0.00
  • pro
    $0 stocks
  • pro
    $0 ETFs
  • pro
    $0.65 options contract fee

Data as of 01/19/22. Offers and availability may vary by location and are subject to change.

Part of the reason for that is simply that we like TD Ameritrade as a whole. As we discuss in our guide to the best online brokers, TD Ameritrade offers a wide variety of investment products, all with competitive pricing. It also has tons of educational content (both videos and articles), so you can learn everything you need to know to invest wisely.

Fortunately, you can still get all that through the TD Ameritrade mobile app. TD Ameritrade lets you buy, sell, and trade―all through the app. It also lets you view account statements, get customer support, check out your transaction history, and bunches more. You can even access all that great educational content through the app. As a bonus, TD Ameritrade’s investing app has been optimized for phones, tablets, and even the Apple Watch.

Now, TD Ameritrade’s trading app does have some limitations you should know. Your buying and selling options are limited to stocks, ETFs, and options. (But if you get TD Ameritrade’s thinkorswim app, you can also access bonds, CDs, futures, and Forex.) You also won’t have access to some advanced features like conditional orders (but again, thinkorswim does).

Still, for the average business trader, the TD Ameritrade mobile app offers everything you’ll need and more.

Pros
pro Variety of trading products
pro Competitive pricing
pro Helpful investment guides
Cons
con thinkorswim® app requirement for some products
con Worsening customer reviews

Firstrade: Best for options

Firstrade
Firstrade
Firstrade
Account minimum
$0.00
  • pro
    $0 stock commission fee
  • pro
    $0 ETF commission fee
  • pro
    $0 options contract fee

Data as of 01/19/22. Offers and availability may vary by location and are subject to change.

If you’re interested in trading options, then Firstrade has the best app for you.

That’s largely because Firstrade not only doesn’t charge commission on options trading, but it also doesn’t charge a contract fee―unlike pretty much every other broker. So Firstrade makes options trading cheaper for you.

Plus, Firstrade’s app tries to simplify the options-trading process. It lets you choose from a variety of options strategies (single, spread, straddle, condor, and butterfly, if you really want to know) for your trading, and it gives you the ability to place orders with just a couple taps. All this, of course, is in addition to its other analysis and account management features.

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Mail-in application
To get started with a Firstrade business investment account, you have to mail in an application. Yeah, we know. But after that, you can do everything online or via the app.

So for affordable and convenient options trading, you’ll probably want Firstrade’s mobile app.

Pros
pro Cheap options trading
pro Trading strategy guidance
pro Solid account management features
Cons
con Mail-in application
con Mediocre customer reviews

Tradestation: Best for cryptocurrency

Tradestation
Trade Station
Tradestation
Account minimum
$0.00 or $2,000.00*
  • pro
    $0 stock commission fee
  • pro
    $0 ETF commission fee
  • pro
    $0.50–0.60 options contract fee

Data as of 01/19/22. Offers and availability may vary by location and are subject to change.
* Plan dependent

Tradestation’s app does everything you’d expect from an investment app, plus one more thing: it lets you keep track of your cryptocurrency deals.

In fact, Tradestation is the only broker on this list that deals with cryptocurrency at all (though TD Ameritrade has plans to allow crypto trading in the future). It’s not just Bitcoin either―Tradestation lets you trade Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and USDC.

With Tradestation’s mobile app, you can view real-time quotes for crypto trading and check out advanced analysis. That said, right now you can only trade stocks, options, and futures in the app. You’ll still need to use Tradestation’s desktop version to actually buy, sell, or trade cryptocurrency. Thankfully, Tradestation’s app lets you set custom alerts so you’ll know when you need to hop on a computer and make a deal.

Even with the trading limitations of its app, Tradestation still offers the best investment app for cryptocurrency.

Pros
pro Cryptocurrency trading
pro Several types of cryptocurrency
pro Advanced analysis tools
Cons
con Desktop requirement for some trading
con Low customer reviews

Interactive Brokers: Best free trial

Interactive Brokers
Interactive Brokers
Interactive Brokers
Account minimum
$0.00
  • pro
    $0–$0.005 stock commission fee
  • pro
    $0–$0.005 ETF commission fee
  • pro
    $0.05–$1.00 options contract fee

Data as of 01/19/22. Offers and availability may vary by location and are subject to change.

There are many things to like about Interactive Brokers’ trading app, but our favorite is the free trial.

If you’re curious about Interactive Brokers, but you’re not ready to commit, you can sign up for its free trial. When you do, you’ll get what’s basically a fake account with $1 million in it. You can then use that account however you want. You can (pretend) buy, sell, trade, and analyze, letting you test everything Interactive Brokers’ investment platform has to offer.

And of course, that free trial lets you test out Interactive Brokers’ mobile app too. Sure, you can download any broker’s app and look at it―but Interactive Brokers lets you actually use it as you normally would, just without any financial risk to you. You can be sure that you love its analytics tools or broker fees before you start committing your cash.

So if you’re at all interested in Interactive Brokers, go ahead and use the free trial to take its mobile app for a spin.

Pros
pro Free trial to test features
pro Forex trading
pro Above-average customer reviews
Cons
con Fees for some stocks
con High commissions on some options

Zacks Trade: Best for broker-assisted trading

Zacks Trade
Zacks Trade
Zacks Trade
Account minimum
$2,500.00
  • pro
    $0.01 commission fee for stocks more than $1/share; 1% of trade for stocks under $1
  • pro
    $0.01 ETF commission fee more than $1/share; 1% of trade for stocks under $1
  • pro
    $1.00 contract fee for first option; $0.75 for additional options

Data as of 01/19/22. Offers and availability may vary by location and are subject to change.

First thing first: Zacks Trade’s app is named Handy Trader―not Zacks Trade. But it is indeed the official stock trading app for Zacks Trade, an online broker.

Handy Trader has all the usual features of streaming quotes, market data, and investment portfolio analysis. And as you’d expect, it lets you trade stocks and options―but it also lets you trade bonds and mutual funds, which some other apps don’t.

The real standout feature, though, comes down to pricing. Zacks Trade doesn’t charge extra fees for broker-assisted trading. Yes, it charges commission on everything (including stocks, ETFs, and options), unlike other brokers on this list. But other brokers charge $25 or more for broker-assisted stock trading. So Zacks Trade’s free assistance may well be worth the small commission fees.

Between the solid app and the free broker assistance, Zacks app―Handy Trader―could be a good choice for your investment needs.

Pros
pro No fees for broker-assisted trading
pro Discounted fees on more expensive shares and ETFs
pro Discounted fees on additional options
Cons
con High account minimum
con Fees on all trades
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Honorable mentions

Most businesses will do best with the five investment apps reviewed above. Still, if you’re not sure about those, we do have a couple more options you might want to know about.

Compare honorable mention investment apps for small business

Feature
Maintenance fees$0$0
Stocks, ETFs, Options, Bonds, & Mutual Funds
Icon Yes  DarkYes
Icon Yes  DarkYes
Other productsN/AN/A

Data as of 01/19/22. Offers and availability may vary by location and are subject to change.

Charles Schwab

Charles Schwab
Charles Schwab
Charles Schwab
Account minimum
$250,000.00
  • pro
    $0 stock commission fee
  • pro
    $0 ETF commission fee
  • pro
    $0.65 options contract fee

Data as of 01/19/22. Offers and availability may vary by location and are subject to change.

Put simply, Charles Schwab requires you to have too much money for us to rank it as a top recommendation. You need a $250,000 relationship with Charles Schwab ($250,000 across Charles Schwab accounts) before you can open a business investment account.

That said, if you meet that minimum, there’s a good chance you’ll like the Charles Schwab app. It lets you conduct stock, mutual fund, and ETF trades. Plus, you can keep an eye on your account and set up custom alerts.

It’s a solid stock trading app―just with a high bar to entry.

Merrill Edge

Merrill Edge
merrill edge logo
Merrill Edge
Account minimum
$0.00
  • pro
    $0 stock commission fee
  • pro
    $0 ETF commission fee
  • pro
    $0.65 options contract fee

Data as of 01/19/22. Offers and availability may vary by location and are subject to change.

Merrill Edge is another broker that has a fine app―it just doesn't have enough standout features to make it a top recommendation. Yes, it has all the usuals: trading capabilities, account analysis, real-time market data . . . all of which is solid.

It does have one drawback, though: like Firstrade, Merrill Edge requires you to mail in an application for a business investment account. But if you’re willing to put up with that inconvenience, and you’re not interested in the standout features of the investment apps above, then Merrill Edge is a totally fine choice for managing your business investments.

The takeaway

If you’re ready to create a business brokerage account and become an investor, any of the mobile apps above can work well. 

For most businesses, though, we think TD Ameritrade offers the best value (thanks to its pricing and robust educational materials). That said, if you’re interested in options or cryptocurrency specifically, you’ll do best with Firstrade or Tradestation, respectively. If you want to try out your app before investing, Interactive Brokers gives you the best trial. And if you want help making your trades, Zacks Trade is the way to go.

While the nature of investing means we can’t promise they’ll help you meet all your financial goals, each of the apps comes with plenty of features that can help you try.

Interested in an alternative to the stock market? Learn more about the types of business savings accounts.

Related content

Methodology

To get our rankings, we started by identifying which investment apps allow for business usage. (Many investment apps are for personal use only.) Then we scored them on factors like pricing, product availability, and customer reviews. That let us assign each investment app an overall score, which we used to rank them.

Investment app for business FAQ

What’s the best investment app for beginners?

Each of the investment apps reviewed above can work well for beginners. TD Ameritrade, our favorite overall, works especially well. It has loads of educational videos and articles, making it ideal for a beginner investor.

What’s the difference between business and personal investing?

The biggest difference between investing as a business and investing as an individual comes down to your account type. Businesses need business investment accounts, funded by business checking accounts. Individuals, of course, use individual investment accounts funded by their personal checking accounts.

Unfortunately, many brokers don’t offer small-business investment accounts. For example, there’s a good chance you’ve heard of these popular brokerages:

  • Acorns
  • Ally Invest
  • Fidelity
  • Robinhood
  • Stash

If you wondered why they don’t appear on our rankings, it’s because they don’t offer business investment accounts. Of course, the investment apps included in our rankings do have business investment accounts.

Info
Micro-investing for business
Investing apps like Acorns and Stash are all about micro-investing, or using very small amounts of money to get fractional shares. As of right now, we haven’t seen any micro-investing apps that offer business accounts.

How much do investment apps cost?

We’ve only featured free investing apps in our rankings. None of the apps above cost anything to download onto your mobile device.

That said, you’ll obviously have to take into account any broker fees. For example, you may have to pay a trading fee for some kinds of trades (even with “commission-free” brokers). Some brokers also charge a monthly fee (Interactive Brokers does in some cases) or an annual fee.

You should also keep in mind that some brokers require you to make a minimum deposit to open an investment account.

What are the best investments for 2022?

Statistically speaking, you’re better sticking to index funds rather than actively choosing stocks. Index funds have been shown to outperform active stock management over and over again.1

Disclaimer

At Business.org, our research is meant to offer general product and service recommendations. We don't guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services.

Chloe Goodshore
Written by
Chloe Goodshore
Chloe covers business financing and loans for Business.org. She has worked with many small businesses over the past 10 years, from video game stores to law firms. Those years watching frustrated business owners try to sift through their many options gave her a passion for breaking down complex business topics. She wants to help business owners spend less time agonizing over their businesses so they can spend more time running them.
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