Review Invest Simulator App is a Scam App

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Fighting online scams since 2020

BEWARE of the Invest Simulator App – review

Read this review to understand why the Invest Simulator is a dangerous app.

The Invest Simulator App is pretty simple. It shows a trading platform with a simple chart that is supposed to represent bitcoin. You have to choose whether you will buy or sell, then you will make money.

You will allegedly get a $150 bonus to start trading.

Table of Contents

Invest Simulator App scam

The Invest Simulator App is totally ridiculous. First of all, you are supposed to choose a buy or a sell order when you see on the chart where the price is going to move.

It is not a trading simulator, it is a farce. Moreover, even if you choose a sell order and the prices goes up, they will still say that you have won.

We consider this to be a scam that wants you to believe that will easily win every crypto trade. But that is not the case!

What is the goal

At the end of every simulation the Invest Simulator App will invite you to register and trade. We tried to register to see what will come up, but we were unable to finish to process.

Therefore, we can only assume what comes next, but based on our reviews of more than a thousand scams we are pretty sure that they will open a trading account with an unregulated broker for you. Then they will push you to deposit money with that broker.

If you send them your money, you will lose everything, they will never let you withdraw anything. That’s how these investment scams work.


Invest Simulator App is a scam demo that will generate fictitious profit no matter what you do. Stay away from it!

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If you want to try crypto trading, do it on a genuine demo account with a regulated broker.

Such a demo will get you as close as possible to a real trading environment so that you can see if you can learn to trade profitably.

The 8 Best Investment Apps of 2020

Make and save money with these must-have apps

Image by Theresa Chiechi © The Balance 2020

Our editors independently research, test, and recommend the best products and services; you can learn more about our review process here. We may receive commissions on purchases made from our chosen links.

Investment apps are growing to become one of the top options for new investors looking to become involved in the stock market. With convenient apps that offer a variety of services at low fees, even experienced investors may find opportunities to save money and improve their portfolios with an investing app.

While you used to have to pick up a phone and call a stockbroker to make a trade, not to mention the steep commission the broker would charge, you can now pick up your phone and tap your screen a few times to trade instantly—either for free or at a relatively low cost.

Whether you want to buy your first stock or you’ve been doing it for years, consider these top investment and stock market apps that are poised to be top performers in 2020 and beyond. The apps are broken down by their approach and specialty so that all kinds of investors can find an option that best suits them. Some apps are designed to remove the barriers to individual stock trading, while others will help you save for retirement or passively build wealth through an automated investor.

The 8 Best Investment Apps of 2020:

  • Robinhood: Best for Free Stock Trades
  • Acorns: Best for Automated Investing
  • Stash: Best for Learning About Investing
  • Vault: Best for Retirement
  • Stockpile: Best for Stock Gifting
  • Clink: Best for Microinvesting
  • TD Ameritrade Mobile: Best for Features
  • Wealthfront: Best for College Savings

Best for Free Stock Trades: Robinhood

Sir Robin of Locksley, better known as Robin Hood, became a famous character for stealing from the rich and giving to the poor. If you like the idea of empowering everyone to get into the stock market, Robinhood is an option worth exploring.

Robinhood offers free stock trades. And “free” doesn’t mean “free, but with fees and other costs.” Trades have zero commission. Just download the app, connect to your bank, fund your account, and you can truly trade fee-free. For extended trading hours and margin accounts, you can upgrade to Robinhood Gold for a fee.

Robinhood is essentially a no-frills online stock brokerage. Because they don’t have fancy offices around the country, they can run a lower-cost operation and pass on the savings to investors like you. The company makes money from Robinhood Gold users, as well as from the interest earned on account cash balances.

Interested in reading more reviews? Take a look at our selection of the best stock trading apps.

Best for Automated Investing: Acorns

If you don’t want to think much about your investments but want to contribute regularly, Acorns is a top option. Link a debit or credit card to the app and Acorns will “round up” your transactions to the next dollar and invest the “spare change” you would have received had you paid in cash. Acorns invests your funds automatically in one of five professionally managed exchange-traded fund (ETF) portfolios.

Accounts with a balance up to $5,000 pay just $1 per month and accounts with a balance over $5,000 pay a competitive 0.25% annual fee. For college students with a .edu email, you can use Acorns for free for up to four years from the date of registration.

The existing portfolios focus on low-cost exchange-traded funds that offer you diverse investments without a giant starting investment. A few dollars here and there adds up, and Acorns makes it easy to invest in small amounts.

Best for Learning About Investing: Stash

Similar to Acorns, Stash offers a low-cost method to build a diverse portfolio. But where Acorns invests for you automatically, Stash can help you learn how to make the best investment decisions yourself.

The Stash app includes educational content customized to your investment preferences. You can choose between values-driven portfolios focused on different investing themes, or you can build a custom portfolio. Funding your account can be done manually whenever you want, or you can set up an “Auto-Stash” plan for recurring investments.

For any beginning investor, all of the terms, acronyms, and phrases of the investment world can be overwhelming. Stash does not give the depth of research on companies that many stock brokerages do, but it makes it easy to understand what exactly you’re buying when you put money in the market. If you don’t yet speak the language of investing, you have to start somewhere. Stash is an excellent choice for a starting point.

Stash accounts start at $1, though you may be subject to fees from the individual investments you choose.

Best for Retirement: Vault

If you’re a self-employed freelancer, you won’t have access to an employer 401(k) plan and will have to put together your own retirement plan. There are many options for the self-employed to invest, but one of the coolest around is Vault.

Vault allows anyone to open an IRA, Roth IRA, or SEP-IRA account for their investments. For freelancers, the SEP-IRA option is particularly useful, since that type of retirement account is specifically designed for self-employed workers. But whatever form of IRA you want, Vault gives you the ability to invest based on a specific percentage of your income.

When you get paid from a freelancing job and the money is deposited into your bank account, the Vault app gives users a notification to approve depositing your chosen paycheck percentage to your IRA account at Vault. You can also choose to invest your percentage automatically without requiring manual approval. Vault uses the same pricing model as Acorns and Stash.

Best for Stock Gifting: Stockpile

Stockpile offers a unique approach to buying and selling stocks. You can buy fractional shares of nearly any company through Stockpile. Alternatively, you can fund an account with a stock gift card that gives the lucky recipient shares of stock starting at $5.

There are no monthly fees and all trades are $0.99. This app is especially exciting for parents or grandparents looking to get kids or young adults interested in investing and the stock market. Instead of giving a gift card that they will blow shopping, you can give them $20 of your favorite stock.

Stockpile offers over 1,000 investments, including single stocks and ETFs. For example, you can gift shares of a stock like Disney or Apple, or give a basket of stocks in an ETF from the likes of Vanguard, iShares, and other institutions. You can give an e-gift card, a physical gift card, or fund an account through a bank transfer. This is a gift that literally pays dividends.

Stash Invest App Review: Legit App Or Scam?

The topic of investing is something that not a lot of people really understand. They think it’s usually about giving their money to a professional and hope that he or she will grow it.

This practice is actually just one of the ways that you can invest and grow your money. But there are a lot more ways to do it.

But the lack of understanding about these different investment vehicles, not to mention the high amount of money required, is scaring a lot of people from investing.

Technology, though, is trying to change that. There are a lot of websites and apps out there that are trying to make it easier for people to start their investing journey.

One such app that does this is the Stash Invest app. It’s an app that provides people with information about the different investment opportunities out there

The beauty of this app is that it not only allows you to see and compare the best investments available, but you also don’t need a lot of money to start. You can invest for as low as $5.

You can also earn some cash back if you link a credit card on the app and make certain purchases.

Since this is an investment app and not really a money-making app, it’s really hard to gauge how much you can earn here. As for the cash back, that will be dependent on a lot of factors.

But is Stash Investment app really legit or is it just a scam that you should avoid?

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Stash Investment is a Legitimate App

Stash Investment is an app that was created in 2020 as an answer to the founders’ question on why there are not a lot of people who are saving and investing, despite the many investment vehicles available.

The app is designed to provide beginners with the necessary information and guides needed to start an investment portfolio. It also allows you to start investing at a very low price.

Stash also has a cash back opportunity for members, where you can earn some money back for making certain purchases using your credit card or debit cards.

From what I’ve seen so far, I can say that the app is very much legitimate. It does provide the necessary information and tips you would need to start investing the right way.

The app also doesn’t provide any guarantees when it comes to return on investment, which is also good since there’s really no way for anybody to know ahead of time how an investment would turn out.

Despite being legit, there is one major issue with it and that’s the high fees it requires and the cost of some of its investment. I’ll discuss these issues in more detail as we progress further in this review.

Who Uses the Stash Investment App?

The Stash Investment app is designed to be used by people who are looking for information and guidance about investing and the people who don’t really have a lot of money to start investing.

The app offers you helpful investment education, especially if you are a beginner and don’t really have any background in investing.

Stash can help you with that through the different tips and guides they have. The app is also helpful for people who are looking to invest but don’t really have a lot of money to start with.

No longer will you need to have thousands of dollars in order to start investing, as the app allows people to begin for as low as $5.

They have a variety of investment options being offered along with the risk and possible returns you can get with them.

There’s just a fee that you need to pay monthly to use their services. I’ll be discussing how you can start in the next section of this review, as well as the cash back opportunity Stash provides.

How Does the Stash Investment App Work?

Stash Investment is an app that provides you with knowledge, tips, and guide on how you can begin building your investment portfolio.

The app can also allow you to start your investment for as low as $5, making it easier and simpler for you to start investing without the worry of shelling out a lot of money.

It is important to note that Stash itself doesn’t really manage your money directly. They just guide you when it comes to choosing the right investment that fits your investing profile.

To begin, you need to first sign up, which is a simple process. You begin by putting in your email address and a password and then completing your personal profile.

After that, you will answer a series of questions to help Stash in identifying your investment profile and see what kind of investor you will be.

The entire process can take about 5 to 10 minutes to complete. It is important to note that the app is only available to U.S. residents.

Once done, Stash will then provide you with some investment options based on your answers to the questions they provided.

Clicking on one of the investments that they recommend will allow you to get more information about it. The app provides the details in easy to understand terms, so you don’t have to worry about reading jargon or gibberish.

Now, Stash is not like your typical brokerage or investment app, as instead of presenting you with the usual list of stocks and ETFs available, they provide you with themed investments.

The app, basically, groups stocks and ETFs into a themed portfolio to help you understand what they are. For example, you are a big fan of Warren Buffet, the app has a “Roll With Buffer” theme.

It features Buffet’s company, the Berkshire Hathaway and other holdings he has. This makes it easier for you to identify what kind of investment you may want to start with.

The themes are put into three categories, the I Believe, I Want, and I Like Categories. The themes will contain the performance history of the portfolio, risk level, and the stocks and holdings inside it.

When you click on a theme you like, just click ‘Add To Portfolio’ and enter how much you want to put in so it will be added to your investment. The beauty of the Stash app is that you can also suggest an ETF for your portfolio.

Next would be to link your bank account to the app to allow you to transfer money for your investments. Take note that it takes 2-3 days for the money to be transferred from your bank to the app.

The last thing you need do is to verify your identity and create a 4 digit pin number. The Stash Invest will cost you $1 a month if your account balance is below $5,000.

Aside from the usual investment, Stash also has the ‘Stash Retire’, which is a retirement account option. It offers both the Traditional and Roth IRA and it allows you to contribute up to limit that IRA allows.

It functions almost the same as the Stash Invest since it also offers theme-based investments, but it does cost more, as you need to pay a $2 fee a month if your account is less than $5,000.

If your account goes over $5,000, the monthly fee will be replaced with a 0.25% annual fee. So for a $5,000 investment account, 0.25% translates to $12.50.

If you are under the age of 25, your Stash Retire won’t have annual fees. Aside from investing, Stash also has an opportunity for cash back.

First, you need to link an eligible credit or debit card to the app. Then, you just need to use the card at participating merchants to earn the cash back.

To earn from your debit card, the transactions must be charged as credit card sale. The cash back you earn will be deposited into your invest cash balance.

Now, as I mentioned above, there’s some issue with this app, particularly with the monthly fee you need to pay. Now $1 or $2 might not seem a lot, but it actually is for a small portfolio.

For example, let’s say you only have $100 in your Stash Invest account and you’ll be paying $1 a month for using it, which is $12 a year. That is actually 12% of your investment portfolio, which is not that easy to earn back.

Imagine if you are using a Stash Retire, then that $12 becomes $24, which is 24% of your portfolio. That’s a big percentage just for investing fees.

This is why it would be better if you would start with at least $1,000 when you invest with Stash, so the fees won’t affect your account as much.

What I Like about Stash Investment App

Now that we know what Stash Investment is and what they offer, it’s time to talk about what I like about this app.

  • The first thing that I like about Stash Investment is that they have made investing simpler and easier to understand, especially for people who are new to investing. They have a lot of easy to read information and guides about investing that you can take advantage of when you are just starting. The way they explain each investment opportunity is really easy to understand as it’s presented in layman’s terms and not in investment terms.
  • I also like that Stash Investment allows you to start investing for as low as $5, which removes the barrier to entry that most people experience when it comes to investing. With this app, you won’t have to worry about shelling out thousands of dollars just to start investing, as you only need to start with $5 to get your investment portfolio started.
  • Another thing that I like about Stash is that they also offer an opportunity for you to earn some money in the form of the cash back option they have. You just need to link an eligible credit or debit card and use them when you shop at participating merchants to earn the cash back.

What I Dislike about the Stash Investment App

Of course, there are also a few things about Stash that I didn’t really like, which I’ll discuss here.

  • The first thing that I didn’t really like about Stash Investment is that they have an expensive investment fee. Yes, $1 or $2 a month might not seem a lot. But if you have a small portfolio, it is a lot of money that your investment would need recover from. There’s also the fact that there are cheaper options out there, so this app really falls short when it comes to the investment fees.
  • Another thing that I didn’t like is that the average expense ratio of Stash Investment’s ETF is at 0.34%, which is high compared to what other investment companies are offering. This means that your investment portfolio will really need to perform well for you to make up the cost of the annual fee that is charged to you.

Do I Recommend the Stash Investment App?

After learning more about Stash Investment app and what it brings to the table, I can say that this is an opportunity I recommend to people who are new to investing.

The app’s guide and easy-to-understand investment portfolios are perfect if you are someone who is very new to the world of investing.

With this app, you won’t be bombarded with investing jargon and terms, so investing won’t feel like rocket science.

But if you are someone who is already knowledgeable with investing, then this app might seem costly for you. The app’s real advantage is that it makes it easier for newbies to begin. But for seasoned investors, I don’t think this app really offers anything worthwhile. Review: Invest Simulator App is a Scam App

We hope you find what you’re looking for here!

Info: Insurance Scam Simulator was created by CheOsana and published by Osana Games. The game was created on December 29, 2020.

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