Cash App Investing: Free Or Fee-Based?

Cash App Investing is a beginner-friendly platform for banking and investing on the go. It is a free mobile investing app with no account management fees. It offers commission-free trading of stocks and ETFs, and you can invest in fractional shares with as little as $1. However, it does not offer mutual funds, futures, or options trading. While Cash App Investing is a good option for those seeking simplicity and low-cost banking and investing on the same platform, other low-cost investing apps offer more investment options, account flexibility, and features.

Cash App Investing is free to use and offers commission-free trading

Cash App Investing is a free mobile investing app with no account management fees. It offers commission-free trading of stocks and ETFs, making it an attractive option for cost-conscious investors. The app is best suited for beginners who want to pick and choose their stocks, ETFs, and fractional shares. It is a decent option for those already banking through Cash App, but it is rather basic when it comes to advanced trading tools, account flexibility, investment options, and features.

With Cash App Investing, you can open an online brokerage account for free. The app offers advanced analysis opinions, order on autopilot, set up market trend alerts, and participate in commission-free stock trading. Cash App's integrated financial services also allow you to transfer money to friends, family, and other users.

Mobile investing for beginners via Cash App offers a simplified, hands-on trading strategy for investors who prioritise convenience over advanced account features. You can also opt to access fractional shares and bitcoin trading for $1. However, bitcoin is the only supported cryptocurrency currently available on Cash App Investing.

The Cash App Investing account is different from your regular Cash App balance. The securities in your Investing account are held by a third-party custodian, DriveWealth, LLC. The value of your Investing account is shown separately from your general Cash App balance. When making a stock or ETF purchase, funds are pulled from your Cash App balance. If more funds are needed to cover the transaction, they are taken from your linked debit card.

Cash App Investing is a beginner-friendly platform for banking and investing on the go. It provides a wide range of commission-free stocks and ETFs, as well as bitcoin and fractional share investing. Opening a brokerage account is a good option if you're already banking with Cash App. However, if you're looking for stronger trading tools, extensive educational content, or hands-off trading features, there are other low-cost investing apps that offer more.

It's suitable for beginners but lacks advanced trading tools

Cash App Investing is a good option for beginners looking for a simplified, low-cost, mobile investing platform. It is beginner-friendly and offers a simplified, hands-on trading strategy for investors who prioritise convenience over advanced features.

The app is integrated with the rest of the Cash App ecosystem, meaning that to trade stocks, you won't need a separate app. You can trade stocks, send and receive money from other Cash App users, buy and sell Bitcoin, and more, all in one place.

It is also free to open a Cash App Investing account, and there is no minimum balance required to maintain it. There are no commission fees for trading stocks and ETFs, and fractional shares can be purchased for as little as $1.

However, Cash App Investing does lack advanced trading tools, account flexibility, investment options, and features. It does not offer mutual funds, futures, or options trading, and there is no advanced trading platform. If you are looking for stronger trading tools and more extensive educational content, you may want to consider other low-cost investing apps.

It's integrated with the rest of the Cash App ecosystem

Cash App Investing is integrated with the rest of the Cash App ecosystem. It's all in one place. To trade stocks using Cash App Investing, you don't need a separate app. You can trade stocks, send and receive money from other Cash App users, buy and sell Bitcoin, and more.

Cash App Investing is a mobile trading platform easily paired with Cash App's regular banking and savings services. Cash App provides a suite of financial services suitable for beginners, including peer-to-peer payments and bitcoin trading. Cash App's integrated financial services allow you to transfer money to friends, family, and other users.

Cash App Investing is best for beginners who want to pick and choose their stocks, ETFs, and fractional shares. It is a beginner-friendly platform for banking and investing on the go. If you’re looking for simplified, low-cost trading, Cash App may be worth looking into.

Opening a brokerage account is a no-brainer if you're already banking with Cash App. Cash App Investing is a free mobile investing app with no account management fees. It offers a commission-free trading structure for stocks and ETFs. This approach makes it an attractive option for cost-conscious investors.

Cash App Investing is a decent online investment platform for beginners seeking straightforward trading of low-cost stocks and ETFs. If you already own a Cash App banking or savings account, then opening a Cash App Investing account is a no-brainer.

It's rated highly on the Apple and Google Play app stores

Cash App Investing is highly rated on the Apple and Google Play app stores, with a rating of 4.8 on the iOS App Store and 4.6 on the Google Play Store. This is based on over 2 million ratings on the Apple App Store and 655,000 votes on the Google Play Store.

The app is also rated highly on the iOS App Store and Google Play Store more generally, as a finance app. It is the No. 1 rated finance app in the iOS App Store and the No. 1 free finance app in the Google Play Store.

Cash App is also rated highly on other platforms. It has an A+ rating with the Better Business Bureau, and has been BBB-accredited since 2021. BBB ratings reflect how well a company interacts with its customers, and range from A+ to F.

However, it is worth noting that Cash App has a poor rating of 1.1 out of 5 on Better Business Bureau (BBB) from reviewers, which is typical for a large financial organisation. Most complaints cite poor communication.

Cash App also has a poor rating of 1.2 out of 5 on Trustpilot, based on nearly 3,000 customer reviews.

It's a member of the Securities Investment Protection Corp. and your investments are secured up to $500,000

Cash App Investing LLC is a member of the Securities Investor Protection Corporation (SIPC). This means that your investments are protected up to $500,000 if the brokerage firm fails. The first $250,000 of this amount is for cash within your account, while the remaining $250,000 is for securities in your account.

It is important to note that SIPC protection does not cover you if your investments lose value, nor does it cover Bitcoin and other cryptocurrencies.

In addition to SIPC protection, Cash App Investing also offers security features such as data encryption, fraud detection technology, and two-factor authentication to protect your personal information and money.

Frequently asked questions