All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
What is Invstr?
Invstr is a micro-investing app which allows users to invest and learn about financial markets in a fun and safe way. It aims to democratise access to financial information and wants to empower its users to take charge of their finances by learning about the resources and opportunities available for investment.
The London-based company was founded by Kerim Derhalli, a former managing director at Deutsche Bank, who founded Invstr to provide ordinary people a fun way to try their hand at the market in a low-risk environment.
How does Invstr work?
The registration process is easy and takes minutes once users download the app onto their phones. Users can choose between learning about investments and playing different games on the app’s Academy, or learning about trading through the Fantasy League. Plus, Invstr users can also make real-life investment through the app’s brokerage platform, DriveWealth.
It’s important to keep in mind that to make real-life trades users must also separately register with DriveWealth and complete a KYC (Know Your Client) and AML (Anti Money Laundering) process, which is a legal requirement, as well as a W-8BEN tax form for non-US citizens.
With its partnership with brokers, users can invest in US stocks and buy full or fractional shares in US-listed securities. Though it is limited to US markets at the moment, the app is working to expand to other markets.
The app has an Invstr Academy that helps users improve their financial and investment literacy. Covering over 2,000 instruments around the world that include equities, commodities, cryptocurrencies and bonds, the Academy and its different modules were written by financial experts and use simple language rather than over-complicated explanations. The Academy offers a variety of advantages such as:
- Being able to go at your own pace
- Fun quizzes
- An “Invstrpedia” for easy reference
- Ability to go through levels and win trophies
What is the Invstr Fantasy Finance game?
Along with making real-life trades through brokerage platform DriveWealth, Invstr users can play in the app’s “fantasy league” games against other users. Like fantasy sports leagues, users pick stocks, build their investment portfolio, climb the leaderboard and claim prizes. By playing in the fantasy league, users have the opportunity to win different prizes by ranking in the top 10 of the monthly fantasy league game, like cash vouchers to make real trades through the Invstr brokerage platform. Users can also create their own “private leagues” which they can invite their friends and colleagues to join. Conversely, users can join others’ private leagues, but through invitation only.
What currency can Invstr users trade in?
Users can trade across any currency; however, Invstr converts the value of your trade to US dollars. So even if you trade in non-dollar denominations, Invstr uses the latest exchange rate to convert your trade. By normalising all trades to a single currency, the app makes it easier to keep track of users’ profits and losses.
How much does Invstr cost?
The Invstr app is free to download and use. The standard free version of the app comes with all the features you need to start investing. However, the app also offers a premium service with additional features. Though the app is free, if users are looking to make real trades it’s important to keep in mind that they’ll have to register with Invstr broker DriveWealth, which carries a $5 fee.
Along with keeping other costs low, the app makes investment more financially accessible, allowing users to invest as little as $1. Besides this, there are also fees involved with trades. All transactions are subject to a minimum commission of $2.99 per full trade and $0.99 per fractional trade.
How many people use Invstr?
To date, Invstr has a community of over 500,000 downloads and the app’s popularity only seems to be growing. Along with this, the app is used in 185 countries which points to its global appeal.
Is Invstr safe?
Invstr users can buy full and fractional shares through its partnership with broke-dealer DriveWealth. It is a FINRA-registered UK broker and a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 cash). Plus, as a technology platform, Invstr is not a registered broker-deal or investment adviser, so it doesn’t offer its own recommendations of any security.
Besides this, it must be acknowledged that investing comes with risks and users’ investments may lose value.
Invstr is a great app for those looking to learn more about trades and investments, without the high risks that can come with investing. It allows users to both learn about investment through its Academy and make real-life trades, something that sets it apart from many trading platforms on the market.
And while its markets remain limited at the moment, and additional registration with brokers can be tedious, this is an app definitely worth keeping an eye on as it expands and rolls out more features.
Compare similar trading platforms
More guides on Finder
Why it pays to be a patient investor
One way to develop healthy investing habits is to make regular contributions to your investment pot over a period of time, instead of investing a large lump sum. This is called “pound-cost averaging”. It’s a way of investing without trying to time the market.
Interactive Brokers review
Find out what we thought of Interactive Brokers, some key features, information about its platforms and how much Interactive Brokers costs.
Reddit stocks: 10 stocks on the WallStreetBets radar
Reddit has long been home to a huge retail investing community called WallStreetBets. Find out how to get the latest Reddit-tipped stocks here.
UK alternatives to Webull
The New York-based trading platform is not yet available in the UK or Europe, but here are the UK’s leading alternatives.
UK alternatives to Robinhood
Looking for a uk alternative to Robinhood? We’ve found some similar platforms to Robinhood that let you trade US stocks from the UK.
Alternatives to eToro | Apps and competitors to Etoro
Looking for some alternatives to eToro? We’ve found some trading platforms that are similar to eToro for you to consider.
The best stock trading apps and platforms in the UK
We’ve taken a look at some of the best trading apps in the UK and explained who they’re best suited to. Our table compares fees and services too.
Invest in the London Stock Exchange
Find out more about the London Stock Exchange, what companies are listed on it and how to invest in the largest exchange in Europe.
Ask an Expert