Nvstr

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Have you ever wondered why there hadn’t been an investing app out there that gives you direct access to the opinions of investment pros? Or why not seek the advice and views of other individual investors, or even your friends and family? Thankfully, there has! Nvstr is a stock market investing app that does just that.

It helps you invest in the stock market at little to no cost and gives you the ability to seek the advice of professional investors as well as get opinions from other investors, family, and friends. Some of the features that set Nvstr apart from the rest include a one-click portfolio allocation feature, investment ideas feature, and top-quality investment research reports from S&P Capital IQ.

Wondering whether it’s worth the investment (no pun intended) investing with Nvstr? Are they a trustworthy investment platform? What sets them apart from the rest? And are there better alternatives available? Here we’ll talk about the answers to these questions and more in this Nvstr review.

Sign up for Nvstr through our referral link and get a 20% bonus on top of the regular sign up bonus.

An Overview of the Nvstr Investing App

Nvstr’s purpose is to create a “community for intelligent investing.” In other words, they utilize technology, the knowledge of experienced investors, and community collaboration to enhance the investing experience for users.

By combining these different bits of intelligence into one platform, investors can discover new investments, new investing ideas, strategies, and learn from past mistakes by sharing it with others. With an Nvstr account and membership, you can get access to commission-free trades (limited), marginal account trading, and access to an engaged community of investors all in one.

 NvstrRobinhoodWebull
Account MinimumNoneNoneNone
Cost Per Trade$4.50$0$0
Offers Fractional SharesNoYesNo
Advanced ReportingYesNoYes
Investment OptionsIndividual stocks, ETFsIndividual stocks, ETFs, options, cryptocurrency, goldIndividual stocks, ETFs, options, cryptocurrency
Signup BonusFree money to investFree stockFree stock
Get StartedSign up with NvstrSign up with RobinhoodSign up with Webull

Fees & Minimums

It’s free for anyone to open up an Nvstr brokerage account. No minimum deposit is required to open the account. Once you open your account, however, you have the option of paying a $4 monthly subscription to get access to premium features and 20 free trades per month, with each additional trade costing $4.50, or you can keep your free account and just pay the regular $4.50 per trade if you don’t anticipate making very many trades.

However, even if you make just one trade, it’s still more expensive than paying the $4 per month subscription.

Account Types

When you open an Nvstr account, you have the choice of opening up an individual brokerage investing account and/or an investment account simulator. The personal investment account is nothing more than the basic investment account that lets you buy and sell stocks on the stock market.

The simulated account allows you to practice investing in the stock market with fake money to get a feel for investing and even to test out new strategies or investments. This can be a very useful feature, especially for new investors who are looking to learn without taking a financial risk.

Investment Types

Nvstr accounts only allow you to invest in individual stocks and ETFs. As of right now, they don’t have the ability to purchase options contracts or mutual funds.

Why Invest with Nvstr?

What is it about the Nvstr platform that makes them different from the competition? Why not just go open an account with another popular investment broker like M1 Finance or Robinhood? Nvstr has a few unique benefits that aren’t offered elsewhere that may just alter your opinion on which is the best brokerage for you.

M1 Finance - Free Automated Investing
M1 Finance (free) makes it easy to manage your money. Choose from a wide variety of professionally-created "pies" (portfolio allocations) or create your own. Contribute to your account and M1 Finance automatically manages the investments.

One-Click Portfolio Allocation

Upon opening up an Nvstr account, you are asked a few questions in terms of what types of investments are you interested in. Answers range anywhere from ETFs, growth stocks, value stocks, income stocks, etc. After answering these questions, Nvstr is able to gather a surprisingly good idea of what types of stocks or ETFs you may like and suggests a few that may be a good fit.

Within your account, you can use the one-click portfolio allocation to analyze all your investment ideas and likes to see a balanced portfolio allocation with the projected annualized returns.

This feature is a data-driven piece of technology that combines current market data, your personal investing interests, and preferences, along with the historical performance of different companies and funds to project a well-balanced portfolio with their respective return one year from today.

Discover New Stocks & Ideas

As previously mentioned briefly, upon opening your account you’ll be asked multiple investment questions to understand your likes and interests. As a result, you will get a list of potential great investments that fit your strategies.

Furthermore, as you build your portfolio, you can request opinions from other members about different stocks and funds to invest in. You can see what others are talking about and their respective opinions on different investments to come up with new investing ideas.

Nvstr utilizes its technology and the social aspect of their platform to help investors make investment decisions, as opposed to traditional technical and fundamental investment analysis. By basing your investment decisions on the opinions of others, the success others have had, and the trends shown by others, you have the potential to obtain great returns.

Follow Expert Investors Strategies

Much like a social media feed, Nvstr provides you a feed of new comments and updates from people like “community thought leaders” about different companies. You can post a request to get opinions on different stocks directly to a community thought leader to get their expert opinion and follow the expert strategies that have worked well for them in the past.

Furthermore, you can see the investment portfolios and their performances of the top performers within the Nvstr community. You get to see real-time returns and can begin collaborating with them and following their investment strategies.

Get a Free Stock from Robinhood!
Robinhood is a free investing app that allows you to trade stocks, ETFs, options, and cryptocurrency with no-commission trades and no minimums. Right now you can get a free stock just for creating an account through this link.

S&P Capital IQ Data

It used to be that only expert Wall Street investors and major institutions got access to real-time data and sophisticated research reports from companies like S&P Capital IQ. Nvstr provides access to its members with their partnership with S&P Capital IQ so you can make even more informed investment decisions with the top research reports available. These reports are also used by Wall Street Experts, so you know you’re keeping up with the big players.

Free Cash to Start Investing

Upon opening a new Nvstr account, you have a chance at getting up to $1,000 free cash to fund your account, and you’ll get a minimum of at least $9. That’s a great offer for simply opening your account!

Furthermore, when you refer friends and family to Nvstr, you get more cash for each referral, and the people you refer will also get the bonus.

Opening an account with Nvstr is one of the best ways to get free stocks. Refer to the table below for more free stock offers.

PlatformOverviewOfferOur Review
RobinhoodCommission-free trades of stocks, ETFs, and optionsGet a free stock when you sign upRobinhood review
M1 FinanceFree automated investingGet a $20 bonus when you create an accountM1 Finance review
WebullCommission-free trades of stocks, ETFs, and optionsGet a free stock when you deposit $100Webull review
StashBuy fractional shares, earn stock instead of cashback with the Stash credit cardGet a $5 bonus when you invest at least $5Stash review
AcornsInvest your spare changeGet $5 when you create an accountAcorns review
NvstrSocial aspect allows you to benefit from collaborative wisdomGet up to $1,000 in cash to invest when you sign upNvstr review

Earn a Reward for Your First Deposit

In addition to the bonus for opening the account, you can also earn another reward for making your first depost. This reward will range from $5 to $75.

  • Deposit $50 for a $5 reward
  • Deposit $100 for a $15 reward
  • Deposit $1,000 for a $75 reward

Up To 20 Commission-Free Trades Per Month

With the monthly Nvstr membership costing just $4 per month, you get access to 20 commission-free trades. If you’re a long-term trader or even a swing trader that makes momentum trades throughout the weeks and months, this will be plenty of free trades for you to get by.

However, if you day trade making multiple trades per day, you’ll likely have to pay an extra $4.50 per trade above your free 20 monthly trades. If this is the case, you’ll probably prefer other apps like Robinhood or Webull that offer unlimited free trades.

Get a Free Stock from Webull!

Webull is a free investing app that provides advanced reporting tools and allows you to make free trades of stocks, ETFs, and options. Right now Webull is offering a free stock when you signup through this link and deposit at least $100.

Margin Accounts

Some of you reading may be familiar with the term T+2 days, which refers to the transaction day plus two days. In other words, when you make a sale of your investments, you won’t receive your proceeds until at least 2 days from the transaction date, which can cause problems for those who wish to keep their portfolio appropriately allocated.

With a margin account, you can use borrowed funds from Nvstr to invest money immediately while your proceeds are being settled, or just to add to positions that you believe will outperform and you want to increase your profit.

Keep in mind that this also comes with added risk. Investors who wish to have a margin account need to have at least a $3,000 account balance to request a margin loan.

Simulated Trading Account

A simulated investment account is a fake trading account with fake money, but trades are made based on real market data.

Simulated accounts are beneficial for both new and experienced investors alike, allowing new investors to test the markets and get a feel for how stock trading works, and experienced investors to learn and test out new strategies.

Nvstr provides its members access to a simulated investment account as well so they can prepare for new purchases and ideas with confidence.

Collaborate with Family & Friends

Much like building a social following on platforms like Twitter and Facebook, Nvstr lets you follow your friends and family to stay updated on what they’re doing with their investments as well as collaborate with them about ideas.

You can post your new purchases, opinions on recent market events, and ask questions to create conversation about certain investment topics all within the Nvstr trading platform.

Mobile App

Nvstr’s mobile app is available for both iPhone and Android. Whether you prefer to manage your investments from a desktop or your phone, Nvstr has you covered.

Sign up for Nvstr through our referral link and get a 20% bonus on top of the regular sign up bonus.

Where Nvstr Falls Short

The biggest hurdle new investing platforms will come across as they enter the in-app investment market, is the pricing and fees. Many companies today charge zero commissions on trades and have zero fees to open accounts, so this is a considerable weakness for Nvstr.

Monthly Subscription

Nvstr’s monthly subscription is a bit of an inconvenience to say the least. Why should I open an account with Nvstr for $4 per month when I can go open a free account with Robinhood or M1 Finance, both with unlimited commission-free trades? 

The argument to this would be that Nvstr has a social investing aspect that isn’t quite as present with other platforms, and the $4 monthly fee pays for access to this community of experts, family and friends, and the community collaboration. The question to you is whether that ability is worth an added $4 per month, or not.

Only 20 Free Trades Per Month

With the $4 per month subscription, you only get 20 commission-free trades. After your 20 trades, you’ll be paying $4.50 per trade which can add up to thousands of dollars over time and can eat away at your returns.

Major discount brokers like Fidelity and TD Ameritrade even offer unlimited commission-free trades nowadays, why not open an account with them to save the cost? Again, the argument may become whether that added social aspect and access to experts is worth the $4 per month and potential added fees for trades outside of the free 20 monthly trades.

No Fractional Shares

Some other investment platforms like Robinhood and M1 Finance allow you to purchase fractional shares, which is a great option that helps new investors to get started. You may not have enough money to buy a full share of Amazon, Apple, or Google, but you might be able to purchase a fraction of a share for just $5. Unfortunately, Nvstr does not currently offer fractional shares. (UPDATE: We’ve been told by Nvstr that they plan to add support for fractional shares soon.)

Who Is Nvstr Best Suited For?

In short, Nvstr has an incredibly unique investment platform that is vastly different from the competition and comes at a small fee. Anyone who values the input of friends and family regarding investment decisions, investment strategies, and even opinions on different companies will greatly benefit from the social aspect offered with Nvstr platform.

Investors with the following characteristics or investing needs will benefit from an Nvstr account:

  • Anyone who wishes to stay up to date on new investment strategies and trends
  • Investors who wish to seek the advice of expert stock market investors and Wall Street analysts
  • Investors who enjoy having data-driven technology take their interests and historical data to create a customized portfolio allocation and their projected returns
  • Those who wish to have low-cost trade commissions and access to a community of engaged investors

Nvstr could be considered the social investing platform of today and poses a great source of data that may not be accessible elsewhere, and that is the social opinion of market experts and individual investors.

Final Word

While Nvstr has some unique features to offer, we believe that the fees, limited number of free trades, and lack of fractional shares holds Nvstr back. While it may be a good option for some investors, alternatives like M1 Finance and Robinhood will be better options for the majority of investors.

Nvstr - Investing with Collective Wisdom
  • Social Features
  • Fees
  • Account Minimums
  • Investment Options
  • Account Types Available
  • Ease of Use
3.7

Summary

Nvstr has some unique features related to collaboration with other investors. If you’re looking for an investing platform that allows you to collaborate with friends or other investors, Nvstr could be a great fit. Otherwise, other options like M1 Finance or Robinhood are likely to be better for you.