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Best AI Investing Apps and Software in 2024

Franklin Silva| Updated January 25th, 2024

Artificial intelligence (AI) is transforming the investing world, offering new ways to analyse financial data, optimise portfolios, and generate insights. AI investing apps and software use machine learning, natural language processing, and other AI techniques to provide automated or semi-automated investment services. These tools can help investors of all levels to access global markets, diversify their strategies, and achieve their financial goals.

But which AI tool will be the best for you in a sea of possibilities?

In this article, we will compare the best AI investing apps and software available in 2024, considering their features, benefits, and limitations.

Our comprehensive overview will cover key features of every platform and its pricing, ensuring you will learn every single pro and con necessary to make the right choice.

Best AI Investing Apps and Software in 2024

Trade Ideas | Cloud-based stock trading platform powered by artificial intelligence

Trade Ideas is an advanced AI trading app that uses proprietary algorithms to scan the market for profitable opportunities, generate trade ideas, and execute trades automatically. Trade Ideas offers a range of tools that can help investors improve their trading skills and performance, such as simulated trading, backtesting, alerts, charts, scanners, etc.

Acorns | Robo-advisor that uses AI to create and manage an investment portfolio for you

Acorns leverages the potential of AI in micro-investing, allowing you to automate the entire trading process. The platform puts investment into autopilot mode and uses the potential of compounding to build long-term wealth.

Wealthfront | Low-fee robo-advisor for AI-powered creation of automated portfolios

Wealthfront is a robo-advisor that uses AI to create and manage personalised portfolios for investors based on their risk tolerance, time horizon, and financial goals. Wealthfront offers access to various asset classes, such as US stocks, foreign stocks, emerging markets, real estate, natural resources, etc.

eToro | Social trading giant with the best AI portfolios

eToro is a social trading platform that allows investors to trade and invest in various markets, such as stocks, ETFs, currencies, commodities, cryptocurrencies, etc. eToro offers access to over3,000 global stocks and ETFs, as well as innovative products such as CopyPortfolios and CopyTrader.
Disclaimer: eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Empower (Personal Capital) | Hybrid of human and AI advisor for financial planning

Empower (formerly Personal Capital) is a hybrid robo-advisor that combines AI technology with human advisors to provide comprehensive financial planning and investment management services. Personal Capital offers access to a diversified portfolio of ETFs across various asset classes, such as US stocks, foreign stocks, bonds, alternatives, etc.

Best AI Investing Apps and Software in 2024 Compared

Company Platform Type Key Features Fees Available Countries
Trade Ideas Robo-advisor Holly: AI – trading assistant

Brokerage Plus: automation of trading strategies

Standard plan: $118/month ($84/month if billed annually)
Premium plan: $228/month ($167/month if billed annually)
Worldwide
Acorns Investing app Micro-investing app

Automated portfolio rebalancing

Digital banking

 

$3/month USA only
Wealthfront Robo-advisor Automated long-term investing

Automated rebalancing

4.80% APY offered

 

Annual advisory fee of 0.25% ($3.18/month per $15,000 investment) USA only
eToro Investing app Copy trading and social trading features

Stocks (also fractional), ETFs, cryptos, and margin trading

0% commission on stocks and no management fees Worldwide, except some countries

USA: restricted in New York, Hawaii, Minnesota, and Nevada

Empower (Personal Capital) Robo-advisor Personal investment and retirement (IRA) strategy

Wealth management for individual investors

 

Management fee of 0.89% for first $1 million USA only

#1 Trade Ideas

Best AI Investing Apps and Software in 2024 1
Visit Trade IdeasBest AI Investing Apps and Software in 2024 2

Trade Ideas at a glance

FeesFrom $84/month
Mobile App
ProductsStocks, ETFs
Minimum DepositDepends on the broker
RegulatorsCFTC

Trade Ideas features a unique AI-powered automation technology called Holly, a virtual trading assistant that can create and manage portfolios based on various strategies and criteria. Holly can analyse millions of data points daily and execute trades in real-time according to predefined rules. Holly can also adapt to changing market conditions and learn from its performance.

Trade Ideas is best for experienced and professional investors leveraging AI technology to enhance their trading performance and efficiency. It is also suitable for investors who want to access a variety of strategies and tools for different market scenarios.

Best AI Investing Apps and Software in 2024 3

Trade Ideas app

Trade Ideas offers two pricing plans: Standard and Premium. The standard plan costs $118 per month (or $84 per month if billed annually, the total price for a year is $999). For the premium, you have to pay $288 per month (of $167 if billed annually, the total price for a year is $1999). The standard plan includes access to all the tools except Brokerage Plus (automated trading strategies) and Holly. The premium plan includes the above as well as priority customer support.

Key features of the Trade Ideas platform

  • Access to over 65 strategies based on technical analysis, fundamental analysis, market sentiment, etc.
  • Create custom strategies using a drag-and-drop interface or code editor
  • Connect to popular brokers such as Interactive Brokers, E*TRADE, TD Ameritrade, etc.
  • Use the Brokerage Plus platform to automate trading strategies using Holly or custom algorithms.
  • Receive daily newsletters with top trade ideas from Holly
  • Use Trade Ideas University to access educational resources such as webinars, videos, articles, etc.

Pros

  • Wide range of trading tools
  • Users can test and optimise strategies
  • High-quality research

Cons

  • It may be complex for some beginners
  • Requires a good Internet connection and a newer PC or laptop

#2 acorns

Best AI Investing Apps and Software in 2024 4
Visit acornsBest AI Investing Apps and Software in 2024 2

acorns at a glance

Fees$3/month
Mobile App
ProductsStocks, bonds, ETFs
Minimum Deposit$0
RegulatorsLicensed in 40 states and the District of Columbia

Acorns is an app that uses artificial intelligence to help beginners enter the world of stock investing. It leverages a robo-advisor platform that automatically selects the best portfolio for your goals, risk tolerance, and time horizon. It also offers tax-friendly retirement IRAs and a checking account with no fees. 

But what makes Acorns unique is its micro-investing, AI-powered feature that lets you invest the spare change from your daily transactions. For example, if you buy a coffee for $3.75, Acorns will round it up to the next dollar and invest the extra $0.25 into the stock market. This way, you can start trading with small amounts and grow your wealth over time. Acorns is a smart and simple way to learn about AI investing and achieve financial goals.

Best AI Investing Apps and Software in 2024 6

acorns mobile app

Acorns target novice investors who want to start small by investing their spare change from everyday purchases. It offers two pricing plans: Personal ($3 per month) and Family ($5 per month)

Key features of the Trade Ideas platform

  • $0 minimum deposit to open an account
  • Takes your daily purchase spare change and invests it
  • Tailors portfolios based on your financial ambitions, timeframe, and risk appetite.
  • Automatically rebalances portfolio
  • Offers Acorns Sustainable Portfolios for ESG investing
  • Provides a library of informative articles and videos to enhance your understanding of investing.

Pros

  • $0 minimum deposit to open an account
  • Invest your spare change
  • Access to educational materials for beginners

Cons

  • A limited number of investment options
  • Higher fees for smaller accounts and irregular investments

#3 Wealthfront

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Visit WealthfrontBest AI Investing Apps and Software in 2024 2

Wealthfront at a glance

Fees0.25% annually
Mobile App
ProductsCash, bonds, stocks, SRI. IRAs
Minimum Deposit$500
RegulatorsFINRA

Wealthfront provides several features that can help investors optimise their returns and reduce taxes, such as automatic rebalancing, tax-loss harvesting, dividend reinvestment, etc. Wealthfront also offers financial planning and advisory services through its Path tool, which can help investors plan for various life events, such as retirement, college, home buying, etc.

The platform is best for investors who want a low-cost and automated way to invest in a diversified portfolio of ETFs. Wealthfront is also suitable for investors using AI technology to plan their financial futures.

Best AI Investing Apps and Software in 2024 9

Wealthfront mobile app

Wealthfront charges a flat annual fee of 0.25% of the account balance for its investment services. There is no minimum balance requirement to open an account, but there is a minimum investment amount of $500 to start investing. Wealthfront does not charge trading commissions, account, or withdrawal fees.

Key features of the Trade Ideas platform

  • Automated management of portfolio using AI algorithms
  • Access to a wide range of asset classes and investment products
  • Automatic rebalancing, tax-loss harvesting, dividend reinvestment, etc.
  • Financial planning and advisory services through the Path tool
  • Cash accounts with high-interest rates and FDIC insurance
  • Borrowing option with a low-interest rate and no credit check

Pros

  • Low-cost and hassle-free investing
  • Diversified and customised portfolio based on user’s goals
  • Financial planning and advisory services

Cons

  • Lack of human interaction or support
  • No factional investing or direct indexing
  • No individual stocks or alternative investments access

#4 eToro

Best AI Investing Apps and Software in 2024 10
Visit eToroBest AI Investing Apps and Software in 2024 2

76% of retail CFD accounts lose money.

eToro at a glance

Fees0% commission on stocks
Mobile App
ProductsStocks, ETFs, crypto, forex, indices, commodities
Minimum Deposit$50 (varies across countries)
RegulatorsFCA, CySEC, ASIC, SEC

eToro is one of the oldest and the most significant social trading platforms in the retail investment industry. For example, it offers CopyPortfolios, AI-powered instruments based on different themes, strategies, or market trends. CopyPortfolios can help investors diversify their investments and benefit from the collective wisdom of the eToro community. Some examples of CopyPortfolios are BigTech (companies that lead the tech industry), CryptoPortfolio (a balanced portfolio of cryptocurrencies), etc.

CopyTrader is another feature that allows investors to copy the trades of other successful traders on eToro, automatically and proportionally. CopyTrader can help you learn from the best and replicate their performance. Investors can choose from thousands of traders based on various criteria, such as risk score, return rate, portfolio composition, etc.

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eToro mobile app

eToro is best for investors who want to trade and invest in various markets and products with a social and interactive approach. eToro is also suitable for investors who wish to use AI technology to access diversified portfolios and copy the trades of other successful traders.

eToro does not charge account opening fees, annual fees, or trading commissions on stocks and ETFs. eToro may charge you a withdrawal fee of $5 per transaction, regardless of the withdrawal amount. eToro also charges a currency conversion fee of 0.5% on deposits and withdrawals.

Key features of the Trade Ideas platform

  • Social trading platform with access to various markets and products
  • Over 2000 global stocks and ETFs with zero commission
  • CopyPortfolios AI-powered portfolios based on different themes, strategies, or market trends
  • CopyTrader feature that lets traders copy the positions of other successful traders
  • eToro Club membership program that offers exclusive benefits and rewards
  • eToro Wallet app that allows investors to store and transfer cryptocurrencies

Pros

  • A social and interactive way to trade
  • Extended number of trading instruments and markets
  • Zero commission on stocks and ETFs

Cons

  • Withdrawal fee and currency conversion fee
  • Limited customer service

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Zero commission means that no broker fee will be charged when opening or closing the position and does not apply to short or leveraged positions. Other fees apply including FX fees on non-USD deposits and withdrawals. Your capital is at risk. For more information, click here.

#5 Empower (Personal Capital)

Best AI Investing Apps and Software in 2024 13
Visit EmpowerBest AI Investing Apps and Software in 2024 2

Empower at a glance

FeesFrom 0.49%
Mobile App
ProductsStocks, bonds, ETFs, IRAs
Minimum Deposit$100,000
RegulatorsFINRA

Personal Capital, or currently Empower, is a hybrid robo-advisor that combines AI technology with human advisors to provide comprehensive financial planning and investment management services. It offers access to a diversified portfolio of ETFs across various asset classes, such as US stocks, foreign stocks, bonds, alternatives, etc.

It also provides tools to help investors track their net worth, cash flow, budget, retirement savings, etc. In Empower, you can count on personalised advice and guidance from certified financial planners who can help investors with various aspects of their economic life, such as tax optimisation, estate planning, insurance, etc.

Best AI Investing Apps and Software in 2024 15

Empower mobile app

Empower is best for investors who want a comprehensive and holistic financial planning and investment management approach. Personal Capital is also suitable for investors who want to use AI technology and human advisors to achieve their financial goals.

The former Personal Capital charges a tiered annual fee based on the account balance for its investment services. The fee ranges from 0.49% to 0.89% of the account balance. A minimum balance requirement is $100,000 to open an account and start investing, but Personal Capital does not charge any trading commissions, account fees, or withdrawal fees.

Key features of the Trade Ideas platform

  • Hybrid robo-advisor that combines AI technology with human advisors
  • Access to a diversified portfolio of ETFs across various asset classes
  • Automatic rebalancing, tax-loss harvesting, dividend reinvestment, etc.
  • Financial planning and advisory services from certified financial planners
  • Dashboard and tools to track net worth, cash flow, budget, retirement savings, etc.

Pros

  • A balanced approach of AI technology and human advisors
  • Diversified and customised portfolio
  • Rich palette of tools to track and improve financial health

Cons

  • Relatively high fee compared to other robo-advisors
  • $100,000 minimum amount for the robo-advisor
  • Complex sign-up process

Methodology

To select the best AI investing apps and software in 2024, we followed these steps:

  • Pricing and features: We evaluated each app and software based on various criteria, such as features, pricing, pros and cons, and best for.
  • Availability in the US: We identified the most popular and reputable apps and software that offer AI-based investment services in the US market.
  • Regulations: We ensured that the chosen apps adhere to the appropriate regulatory standards, providing a secure and reliable trading environment.
  • Ranking: We compared the apps and software based on these criteria and ranked them according to their overall performance and suitability for different types of investors.

The Bottom Line

In Summary, AI investing apps and software can help investors of all levels access global markets, diversify their strategies, and achieve their financial goals. AI investing apps and software use machine learning, natural language processing, and other AI techniques to provide automated or semi-automated investment services.

We compared the best AI investing apps, robo-advisors and software available in 2024, considering their features, benefits, and limitations. We focused on the US market, as it is one of the most developed and diverse markets for AI investing. We also considered the specific needs and preferences of different types of investors, such as beginners, professionals, and socially responsible traders.

Based on our comparison, we ranked the best AI investing apps and software in 2024 as follows:

#1 Trade Ideas Cloud-based stock trading platform powered by the artificial intelligence
#2 Acorns Robo-advisor that uses AI to create and manage an investment portfolio for you
#3 Wealthfront Low-fee robo-advisor for AI-powered creation of automated portfolios
#4 eToro Social trading giant with the best AI portfolios
#5 Personal Capital Hybrid of human and AI advisor for financial planning

Other FAQs

Here are some frequently asked questions about AI investing apps and software.

What are the minimum balances or investment requirements?

It depends on your chosen platform, but most allow you to set up a free and trade commission-free account. In the case of robo-advisors, on the other hand, you either pay a monthly fee for access to the service or pay a certain percentage of the investment value.

Are the AI platforms mentioned in the article available in the US?

Yes, the platforms listed are available in the US. But keep in mind that some states may have restrictions. For example, eToro is restricted in New York, Hawaii, Minnesota and Nevada.

Do AI investing apps and software add alpha?

Alpha is the excess return of an investment relative to a benchmark. AI investing apps and software can potentially add alpha using advanced technology and data to generate better insights, optimise portfolios, execute trades, and reduce costs. However, alpha is not guaranteed and depends on various factors, such as the quality of the AI algorithms, the availability and accuracy of the data, the market conditions, the competition, etc.

How to evaluate the performance of AI investing apps and software?

To evaluate the performance of AI investing apps and software, investors should consider returns, volatility, risk-adjusted returns, fees, etc. You should also include transparency, explainability, reliability, usability, customer service, etc.

Franklin Silva
Co-Founder & Fintech Analyst

Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.

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