Over the last two years, Squares Cash App’s active user base has more than tripled to 24 million, and the payments platform recently made stock purchases and sales available to its customers. Having only launched in the fourth quarter of 2019, Cash App Investing is still a relatively new brokerage option, but it has proven to be a good substitute for other simple investing methods.
We’ll go into the specifics of the platform, its benefits and drawbacks, buying stocks on Cash App, if it might be a good fit for you, and whether you would be better off using a brokerage platform with more features in this Cash App review.
For any investor, Cash App Investing is a straightforward strategy. Although the only assets available to users are stocks and some cryptocurrencies, this broker is one of the few that allows fractional share purchases. Fees:
For the purpose of making sure the account you choose is the best fit for you, we advise comparing brokerage options. The following is a brief list of the top trading platforms for 2024 to help you in your search.
Is Cash App Investing good for beginners?
Cash App Investing is a user-friendly platform that allows you to invest in stocks and Bitcoin directly from the Cash App It’s a great option for beginners who are looking for a simple and affordable way to get started with investing
Pros of Cash App Investing:
- No commissions: Cash App Investing doesn’t charge any commissions on stock or Bitcoin trades.
- Fractional shares: You can buy fractional shares of stocks, which means you can invest in any company regardless of the share price.
- Easy to use: The Cash App Investing platform is very easy to use, even for beginners.
- Integrated with Cash App: You can use the same app to send and receive money, invest in stocks, and buy Bitcoin.
Cons of Cash App Investing:
- Limited investment options: You can only invest in stocks and Bitcoin on Cash App Investing.
- No retirement accounts: You can’t open a retirement account with Cash App Investing.
- Limited research tools: Cash App Investing doesn’t offer a lot of research tools or educational resources.
Overall, Cash App Investing is a good option for beginners who are looking for a simple and affordable way to get started with investing. However, if you’re looking for a platform with more investment options and research tools, you may want to consider another broker.
Here is a more detailed comparison of Cash App Investing to other popular investment platforms:
| Platform | Fees | Minimum Investment | Investment Options | Retirement Accounts | Research Tools |
|---|---|---|---|---|---|
| Cash App Investing | $0 | $1 | Stocks, Bitcoin | No | Limited |
| Robinhood | $0 | $0 | Stocks, ETFs, options | No | Limited |
| Charles Schwab | $0 | $0 | Stocks, ETFs, options, mutual funds, bonds | Yes | Extensive |
As you can see, Cash App Investing is a good option for beginners who are looking for a simple and affordable way to get started with investing. However, if you’re looking for a platform with more investment options and research tools, you may want to consider another broker.
Here are some additional things to keep in mind when deciding whether Cash App Investing is right for you:
- Your investment goals: What are you hoping to achieve with your investments?
- Your risk tolerance: How much risk are you comfortable taking?
- Your experience level: How much do you know about investing?
If you’re not sure whether Cash App Investing is right for you, it’s a good idea to talk to a financial advisor. A financial advisor can help you understand your investment goals and risk tolerance, and they can recommend an investment platform that’s right for you.
Here are some additional resources that you may find helpful:
- Cash App Investing website: https://cash.app/investing
- The Motley Fool’s review of Cash App Investing: https://www.fool.com/the-ascent/buying-stocks/cash-app-investing-review/
- SmartAsset’s review of Cash App Investing: https://smartasset.com/investing/cash-app-investing-review
Please note that this is just a general overview of Cash App Investing. It’s important to do your own research before investing any money.
Here are some additional keywords that you may find helpful:
- Cash App Investing review
- Cash App Investing for beginners
- Cash App Investing vs Robinhood
- Cash App Investing vs
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Over the last two years, Squares Cash App’s active user base has more than tripled to 24 million, and the payments platform recently made stock purchases and sales available to its customers. Having only launched in the fourth quarter of 2019, Cash App Investing is still a relatively new brokerage option, but it has proven to be a good substitute for other simple investing methods.
We’ll go into the specifics of the platform, its benefits and drawbacks, buying stocks on Cash App, if it might be a good fit for you, and whether you would be better off using a brokerage platform with more features in this Cash App review.
Our Rating:
For any investor, Cash App Investing is a straightforward strategy. Although the only assets available to users are stocks and some cryptocurrencies, this broker is one of the few that allows fractional share purchases. Fees:
$0 for stocks, fees vary for cryptocurrencies Account Minimum:
For the purpose of making sure the account you choose is the best fit for you, we advise comparing brokerage options. The following is a brief list of the top trading platforms for 2024 to help you in your search.
| Account | Fees | Account Minimum | |
|---|---|---|---|
| Rating , 4.5 out of 5 stars. 4.5/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. |
$0 for stocks, ETFs, and options; $5 monthly for Robinhood Gold | $0 | Open Account for Robinhood |
| Rating , 5.0 out of 5 stars. 5.0/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. |
$0 commission for online U.S. stock and ETF trades; trade fractional shares for as little as $1 | $0 | Open Account for Fidelity |
| Rating , 4.0 out of 5 stars. 4.0/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. |
$0 per trade | $0 | Open Account for J.P. Morgan Self-Directed Investing |
| Rating , 4.5 out of 5 stars. 4.5/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. |
Commission-free; other fees apply | $0 | Open Account for E*TRADE |
Cash App Investing Review
This platform is best suited for: Novice investors, who can invest small amounts through fractional share purchases and benefit from no commissions. Investors should look elsewhere if they want to use Cash App for IRAs and other investments (like mutual funds and options). We’ll be monitoring these new features closely because, in the upcoming months and years, the app might develop into a more complete investing platform.
- No commissions
- Great for beginning investors with fractional share investing
- Cash management features
- Limited investment options
- Limited account types
Cash App is one of our favorite brokerages. It is among the top brokers in these categories that we have seen:
Discover the benefits that make Cash App one of our top choices by reading on.
Using the Cash App for investing is meant to be as simple as possible. The main complaint from non-investors is that they “don’t know how to get started.” ” With Cash App Investing, its easy. Just launch the Cash App, select the amount you wish to invest in a specific stock, and complete the transaction. Your Social Security number is among the legally required data that the app must gather, but it’s a simple and quick process.
Cash App Investing does not impose commission fees on stock trades, similar to many brokerages.
One of the few choices available to investors who wish to purchase fractional shares of stock is Cash App Investing. For example, to buy one share of Amazon. com, youll need more than $175 as of mid-March 2024. You can purchase a portion of your preferred stocks for as little as $1 with Cash App Investing.
With Cash App Investing, trading stocks doesn’t require a separate app. You can buy and sell Bitcoin, trade stocks, send and receive money from other Cash App users, and do a lot more.
How To Make Money On Cash App Investing
FAQ
Can you make money investing on Cash App?
Is Cash App a good place to buy stocks?
How much does Cash App take from investments?
Is Cash App a good investment app?
Investing on Cash App may be a good option for beginner, active traders wanting to trade commission-free stocks, ETFs, fractional shares, and bitcoin. However, plenty of other low-cost, beginner-friendly investing apps have better trading features, account options, and resources. Can you make money with Cash App?
How much does it cost to invest on Cash App?
Once you’ve created your account you can immediately begin investing on Cash App for as little as $1. This is because Cash App allows for “fractional share” investing, meaning you don’t have to buy a whole share, but only a portion of it.¹ This makes it great for beginners, as your investment options aren’t limited by high share prices.
Can I trade stocks using cash app investing?
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 allows investors to buy and sell stocks (and bitcoin, elsewhere in the Cash App), but does not support mutual funds, stock options, or bonds.
Is the Cash App a good trading platform?
The Cash App Investing trading platform is extremely simple. You choose a stock, enter a dollar amount, and hit the buy or sell button, all within the popular Cash App. There is not a desktop or web-based trading platform at this time. The Cash App is known for user-friendliness, and is highly regarded for its security and speed.