Cash App investing review | Pros & cons | Finder.com (2024)

In this guide

  • Our verdict
  • Frequently asked questions
  • Your reviews
  • Ask a question

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By Shannon Terrell & Helen Champion

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Cash App investing review | Pros & cons | Finder.com (3)

3.0

★★★★★

Finder score

Go to site

Stock trade fee
$0

Minimum deposit
$0

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Our verdict

Trade stocks, ETFs and Bitcoin with Cash App's beginner-friendly platform.

Consider Cash App Investing if you want a simple, beginner-friendly investing experience. Look elsewhere if you want a broker that offers advanced tools and features or more tradable assets and account types.

Best for: Beginner investors who want a simple and straightforward way to buy and sell stocks, ETFs and bitcoin.

Pros

  • Trade fractional shares of stocks, ETFs and crypto with as little as $1

  • Decent offering of research tools

  • Beginner-friendly platform

Cons

  • Limited investment options

  • Limited account types

  • Variable Bitcoin trading fees

In this guide

  • Our verdict
  • Frequently asked questions
  • Your reviews
  • Ask a question

How we rated Cash App Investing’s features

Investment options

★★★★★

  • Stocks
  • ETFs
  • Bitcoin
Trading platforms and technology

★★★★★

  • Mobile only trading platform
  • Basic mix of tools and information, including screeners, price alerts, analyst ratings and trending stocks lists
Trading costs

★★★★★

  • Commission-free stock and ETF trades
  • No options or margin trading
Account fees

★★★★★

  • No annual fee
  • No inactivity fee
  • $75 full outgoing account transfer fee
  • Customer support

    ★★★★★

    Contact customer support by live chat or phone, with generally quick response times
    Mobile app rating and security

    ★★★★★

  • 2FA and biometrics capabilities
  • Highly rated among Apple and Android users
  • Features and amenities

    ★★★★★

  • Fractional share trading
  • Trading during normal market hours only
  • Minimal educational content
  • No instant buying power
  • Cash sweep rates

    ★★★★★

  • Earn up to 4.5% interest with Cash App Savings, but you must move your money manually
  • Account types and minimums

    ★★★★★

  • Individual brokerage accounts only
  • No minimim deposit requirements
  • To learn how our star ratings are calculated, read our methodology at the bottom of the page.

    Cash App Investing is best for beginners

    Cash App Investing offers commission-free trading of stocks and exchange-traded funds (ETFs) through an approachable, beginner-friendly app. View market news, see trending stocks and research available securities by category, performance or upcoming earnings reports. Cash App Investing’s straightforward investing experience, along with access to Bitcoin, makes it a suitable option for new investors.

    What you can trade on Cash App Investing

    • Stocks
    • ETFs
    • Bitcoin

    Account types available with Cash App Investing

    • Brokerage

    Where Cash App Investing shines

    Cash App Investing provides a decent collection of company metrics and research tools despite offering what is a very simple approach to investing. You’ll find key stats, earnings data, profit and revenue numbers and even analyst ratings, which is more than what some other beginner-focused brokers currently offer.

    Where Cash App Investing falls short

    Cash App Investing offers a limited lineup of investment options, which includes only stocks, ETFs and Bitcoin. Other similar beginner-focused brokers that offer crypto tend to offer a more extensive lineup of tradable coins. Cash App Investing also charges a variable commission for trading Bitcoin, with trade fees as high as 3%.

    Cash App Investing’s fees

    Minimum deposit$0
    Minimum balance requirement$0
    Annual fee$0
    Stock and ETF trade fees$0 (Government fees still apply)
    Bitcoin trade feesVariable, up to 3% of the transaction
    Inactivity fee$0
    Outbound account transfer fee$75

    Is Cash App legit?

    Yes. Cash App provides brokerage services through Cash App Investing LLC, which is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). Block, Inc., formally known as Square Inc. owns Cash App.

    Cash App’s platform is easy to use

    The following tools are available on Cash App:

    • Portfolio
    • Auto-pilot recurring buys
    • Metrics and insights
    • Custom orders
    • Investing alerts

    Cash App Investing app

    The investing feature of the Cash App is simple and easy to navigate, which is helpful for beginners new to investing. Basic metrics and insights are available for stock research, while alerts can notify you when prices fluctuate.
    Cash App investing review | Pros & cons | Finder.com (4)

    Cash App’s app store reviews

    Google Play app reviews4.7/5 stars based on over 2.5 million reviews
    Apple App Store app reviews4.8/5 stars based on over 4.1 million reviews

    Cash App’s customer support

    Contact Cash App in three ways:

    • Phone
    • Live chat
    • Email

      How to open an account with Cash App

      1. Click the “Sign up now” button below to launch the Cash App.
      2. Enter your phone number and email address.
      3. Cash App will text or email a code. Enter this code into the space provided.
      4. Continue by adding your first and last name and tap Next.
      5. Enter your debit card number to link your funds to the Cash App. Then submit your application.

      Eligibility and required information

      • At least 18 years old
      • Be a US resident
      • Valid phone number and email address
      • Existing bank to fund your account
      • Government-issued ID (to verify your identity for sending money to other Cash App users)

      Sign up now

      How safe is Cash App Investing?

      Cash app is considered safe and secure. It employs encryption and fraud detection technology to protect users’ information and money and securities are protected by the Securities Investor Protection Corporation for up to $500,000 in the event of Cash App goes out of business.

      Compare Cash App to other platforms

      Cash App investing review | Pros & cons | Finder.com (5)

      Cash App

      ★★★★★

      Finder rating 3 / 5

      Go to site

      Available asset types

      Stocks, ETFs, Cryptocurrency

      Stock trade fee

      $0

      Minimum deposit

      $0

      Complete signup bonus

      Cash App investing review | Pros & cons | Finder.com (6)

      SoFi Invest®

      ★★★★★

      Finder rating 4.1 / 5

      Go to site

      Available asset types

      Stocks, Options, Mutual funds, ETFs, Alternatives

      Stock trade fee

      $0

      Minimum deposit

      $0

      Complete signup bonus

      Get up to $1,000 in stock when you fund a new account within 30 days.

      Cash App investing review | Pros & cons | Finder.com (7)

      Tastytrade

      ★★★★★

      Finder rating 4.6 / 5

      Go to site

      Available asset types

      Stocks, Options, ETFs, Cryptocurrency, Futures, Treasury Bills

      Stock trade fee

      $0

      Minimum deposit

      $0

      Complete signup bonus

      Get $100-$5,000 when you open and fund an account with $5,000 to $1,000,000+

      Frequently asked questions about Cash App Investing

      How we rate trading platforms

      ★★★★★ 5/5 — Excellent

      ★★★★★ 4/5 — Good

      ★★★★★ 3/5 — Average

      ★★★★★ 2/5 — Subpar

      ★★★★★ 1/5 — Poor

      We analyze top online trading platforms and rate them one to five stars based on factors that are most important to you. These factors include fees, securities available for trade, customer support, customer feedback, platform resources and overall reliability.
      For a complete breakdown of how we score each category, read the full methodology of how we rate trading platforms.

      Frequently asked questions

      • You can have more than one Cash App account, as long as you apply for each account using a different phone number and email address.

      • You can trade through Cash App during the standard stock market trading hours of 9.30 a.m ET until 4 p.m. ET.

      • Cash App generates revenue from individuals paying transaction fees to access additional services and when buying Bitcoin. However, the details about these Bitcoin trading fees are not available online. Businesses are also required to pay to use Cash App's application.

      Your reviews

      No reviews yet.Write a review

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      Shannon Terrell

      Editor

      Shannon Terrell is a lead writer and spokesperson at NerdWallet and a former editor at Finder, specializing in personal finance. Her writing and analysis on investing and banking has been featured in Bloomberg, Global News, Yahoo Finance, GoBankingRates and Black Enterprise. She holds a bachelor’s degree in communications and English literature from the University of Toronto Mississauga.See full profile

      Cash App investing review | Pros & cons | Finder.com (10)

      Helen Champion

      Writer

      Helen Champion is an associate editor at Finder. She has worked in communications for over 16 years and currently writes on a range of topics including insurance and money transfers in the hope of empowering people to make better financial decisions. During her broadcast career, she helped to produce hundreds of news and breaking news reports for Associated Press TV and ITV News. And in public relations, she managed several high-profile public relations campaigns for Macmillan Cancer Support, the General Medical Council and overseas for Qatar Foundation on behalf of BLJ Worldwide. Helen has a Bachelor of Arts in Journalism from the University of Lincoln, a passion for practising karate in the dojo and a deep love of making mischief with her sons.See full profile

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