Here are the 10 best investment apps in South Africa in no particular order. These investment apps serve you information and help you navigate your investment pursuits. So… Yo! Stay with me!
1. Acorns
Acorns is one of the best investment apps in South Africa, making use of an intuitive and easy-to-use website that makes it simple to save and invest. This app is ideal such that for every transaction you make on the app, you get the spare change that gets invested and accumulates over time. Basically, your regular purchases are rounded up to the nearest dollar and the difference is invested for you. So, if you make a transaction of 299 dollars, it gets rounded up to 300 dollars and you save one dollar on every transaction like this. Cool yeah!
2. Revolut Investment App
Next on the list of the best investment apps in South Africa is the Revolut app, a multidimensional app in terms of the number of things you can do with the software. With this app, you may trade, convert currencies, or request debit cards.
In addition, you can trade Bitcoin as well as other cryptocurrencies like Litecoin, and Ethereum, amongst others. The Revolut app or its Market browser extension software gives you access to monitor the value of several currencies.
Lastly, the goal of this app is to give users access to invest in cryptocurrencies without having to deal with banks or other huge financial organizations.
3. Investments Wealthfront (US)
The investment Wealthfront (US), another of the best investment apps in South Africa has juicy offers for you! So, if you’re not an American, you don’t have to pay the performance charge until your account balance reaches 500,000 U.S dollars. Also, there are zero commissions for online transactions.
In addition, you get to set up your account for free and till you have a 100,000 dollar investment, your performance fee is waived. Furthermore, the next on the list of juicy offers is the Employee plan. This proposes that if you have a business with at least five employees, your staff gets to enjoy access to investment opportunities. So it’s a win-win for everyone! Howzat!
4. Freetrade
The Freetrade app makes investing free and accessible to everyone. If you’re a novice at investing, Freetrade presents you with a variety of investments to choose from.
Furthermore, you need not pay any fee to get access to scarce market data. That is, you get clear information and are able to build a diversified portfolio at your risk tolerance without payments. And, the “topping on the parfait” that you might have been looking for is its simplicity. Little wonder, it ranks as one of the best investment apps in South Africa.
5.StashAway
StashAway helps you stash away your funds across overseas equities, bonds, and ETFs, amongst others. Basically, it helps you to diversify across different investment avenues.
Furthermore, the software provides you with a user-friendly layout that shows a detailed analysis of all you put in. And because of this, you can track your development and see how your portfolio grows over time. This app gives a better ROI (return on investment) in comparison to a normal savings account and even the stock market. This happens because your money is usually invested in developing nations with large profit margins. So, your money finds it easy to grow.
6. SigFig
SigFig is significant indeed amongst the best investment apps in South Africa. They’re distinctive in that, they consider each investor’s needs, which many other apps would not consider. Hence they’re able to tailor their services considering the individual’s unique objectives, time frame for investment, and risk tolerance.
In addition, they have a newly developed algorithm that considers the aforementioned factors as well as the investment history. With this in place, SigFig offers personalized investment advice.
Besides, to optimize activity on the software, the program considers age, income, and retirement plans. The app is accessible to adults, generally above 18.
7. RobinHood
RobinHood used to be a trading-specific app but is now presently available to everyone. You may trade stocks online or use your mobile device and use simple tools that come easy to access. Also, they provide information from studies and other resources that guide your financial decisions. So, combining the tools and resources help you invest in smarter ways, which increases your savings. In addition, they provide free 401k advice besides helping you make retirement plans.
8. The i-Finance App (Apple)
Ha ha! This almighty “Apple” app ranks top amongst the best investment apps you would find in South Africa. The app is a mix of a trading platform and a financial advisor. Also, it gives you direct access to investing in managed portfolios as well as ETFs.
Using this software, you can choose which investment you want in your portfolio as well as detailed charts to track your performance. Besides, it gives you as an investor the opportunity to invest now and receive the i-Finance, a software geared towards the future. And what’s more, you choose to invest today and get the app for free!
9. The Wealthsimple App
This app is a great place to begin your investment journey. Why? Because it handles everything for YOU! I mean who does not love a stress-free process?
In addition, it’s tailored to suit your financial objectives which make investing more fun for you. Also, Wealthsimple invests in ETFs and is geared towards striking a balance between maximizing returns and reducing risks. So go on, and create an account with Wealthsimple if you would not like to handle your investments yourself.
10. Z-Compound
The Z-Compound app completes our list of the 10 best investment apps in South Africa although not any less good than the others. It is an excellent investment app with a user – friendly user interface and cool return rates. Also, it provides a simple-to-use platform for managing investments.
With these, we have come to the end of our little tour of the world of investment apps in South Africa. See you in our subsequent articles!
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