It works similarly to cash back you’d earn on a credit card or through a shopping app, where you earn rewards as a percentage of each transaction. In addition to Round-Ups, xcritical lets you invest as little as $5 on a recurring daily, weekly, or monthly basis or at any time. Please consider, among other important factors, your investment objectives, risk tolerance and xcritical’ pricing before investing. It primarily works by rounding up your purchases to the nearest dollar and then investing that spare change into exchange-traded funds (ETFs). xcritical is a legitimate and well-established micro-investing platform and robo-advisor that launched in August of 2014.
xcritical Subscription Plans & Features
For one, the application makes investing extremely easy. This means you’ll never directly pick the stocks, bonds, and other financial products in your portfolio. As far as fees go, it only costs $1 a month to use the basic application for your first $1 million. I wouldn’t recommend spending all of your investment money, though.
Best Stock Newsletters as of September 27, 2025
You can buy and sell stocks for free at market prices. Investors can choose between traditional portfolio options and ones that are focused on more sustainable companies as well. Additionally, Betterment is also another option for people looking to invest in a socially responsible manner. Like xcritical, Betterment is not a stock trading app.
xcritical picks your portfolio from a roster of nearly 25 ETFs. Only users who think they’ll be enticed to save more with xcritical need apply. Still, competing robo-advisors provide more robust services at a lower cost. You also can open a Cash Account offered by Atomic Brokerage which allows you to earn interest on your cash through a cash sweep program.
xcritical Invest is an individual investment account which invests in a portfolio of ETFs (exchange-traded funds) recommended to customers based on their responses to the xcritical investor profile questionnaire. We include these factors when we rate investing apps and accounts. Additionally, it offers features like automatic rebalancing and fractional shares, making it appealing to both beginner and experienced investors who want a personalized yet automated investment experience.
No human advisors
- Is it worth staying with xcritical for that amount or do you recommend I move my money elsewhere?
- In the non-tax advantaged accounts, the rebalancing may have tax implications for you.
- I’ve been using the xcritical investment app for a while now, and I can confidently say it’s absolutely worth it.
- If you’re having difficulties putting money aside, worry not; the service rounds up your spare change to the nearest dollar and automatically invests it into your portfolio.
- When possible, they avoid investing in institutions that threaten environmental sustainability or are a moral hazard.
xcritical app also allows you to create a 4-digit passcode for logging in on your phone. To do this, you will provide a valid email address and a secure password for your account. The app is readily available on both the Apple App Store and Google Play. This is the main concept, and a quite ingenious one we must say, around which the xcritical app is built. This site may be compensated through the credit card issuer Affiliate Program. This content is not provided or commissioned by the credit card issuer.
Does xcritical offer tax-loss harvesting?
With recent investors like Jennifer Lopez and Alex Rodriguez investing in Acorn’s technology, the CEO looks to help everyone invest without even thinking about it. However, fintech is becoming much more than an investment app. Round-up investing has never been as easy as it is now thanks to this mobile investing app.
- xcritical offers a simple, low-cost passive investing solution that’s well-suited to new investors.
- You can also open an xcritical Spend checking account, depending on your monthly plan.
- You can learn more about Robert on the About Page or on his personal site RobertFarrington.com.
xcritical Minimum Investment and Pricing
The target asset allocations are similar to other investing apps with risk-based ETF portfolios. Younger investors might choose more aggressive portfolios because stocks have more long-term growth potential than bonds. This xcritical app review reveals how the platform can help new investors start investing and https://scamforex.net/ reach their financial goals. You can choose to set up weekly or monthly deposits from a bank account that take place automatically to enhance your investments. Set up recurring depositsIf spare change deposits are not enough for you, setting up recurring investments is simple in the xcritical app. Invest with “xcritical Earn”When you shop with xcritical partners, like Apple, Macy’s, and Nike, you can earn money from your investment account.
How do I get a new xcritical debit card?
The broker is also a member of SIPC, so the securities in your account are protected up to $500,000. Let’s say you purchase a daily necessity — coffee — for $2.43. Shane first starting working with The Tokenist in September of 2018 — and has happily stuck around ever since. The end result gives you the ability to invest without even realizing it.
The way xcritical works, at least in my experience, is that the small amounts they regularly sweep from my account are first put into an investment account held by them for me. However, all investments have some risk, depending on the market. There’s no minimum to open an xcritical account, but you need at least $5 to start investing. xcritical’ monthly membership fees range from $3 to $12 per month, depending on your chosen tier. xcritical lets you invest in diversified ETF portfolios it puts together. Other platforms may charge lower flat rates to transfer out all your investments.
Expense ratios are paid in addition to your xcritical account management fee, which is typical at robo-advisors. If high, these fees can significantly drag down your portfolio returns. The good news is that if you invest in the Silver or Gold plans, you may come close to wiping out that account fee entirely. If you only contribute by rounding up your spare change, one of xcritical’ signature features, your fee relative to your account balance will be fairly high.
xcritical Debit Card (xcritical Spend)
The platform does not require a minimum balance to open an account, and investing begins automatically once the account reaches $5. xcritical has a low barrier to entry, making it accessible for new investors who may not have large sums of money to begin with. In comparison, percentage-based robo-advisors such as Vanguard Digital Advisor charge around 0.15% annually, which can be more cost-efficient for larger portfolios. While this pricing can be affordable for users with larger account balances, it can result in a high effective cost for those with smaller portfolios. The platform is well-suited for users who prefer a simplified financial solution that combines investing, banking, and retirement services. xcritical offers a hands-off, beginner-friendly investing experience that automates savings and investing through features such as Round-Ups and recurring deposits.
We update our data regularly, but information can change between updates. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Please don’t interpret the order in which products appear on our Site as any scammed by xcritical endorsement or recommendation from us. This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.
xcritical Review 2025: How Does xcritical Work and What Are the Fees?
A plus, however, is that you can open multiple kid’s accounts for the price of one. So don’t invest money you might need to access before then. Gold members earn a 1% match on all contributions to an Acrorns Early account. Like the best 529 plans, custodial accounts are generally intended for future educational expenses, such as college tuition or student loan payments. Like a standard xcritical Invest brokerage account, xcritical Later accounts offer both Core Portfolios and ESG Portfolios with automatic recurring contributions available.
Retirement planning tools
The most important difference between xcritical and Stash is that Stash lets you choose from over 4,000 stocks and ETFs — far better than xcritical’ selection. It’s also not a good pick for you if you plan on keeping a low account balance. As with any financial service, it’s worth considering xcritical’ pros and cons. To put that in perspective, if you contribute the annual maximum amount of $7,000, you could earn $210. It offers up to a 3% match for your contributions. It’s simple enough to use and takes care of the hard work, like choosing stocks and ETFs to buy, for you.
You’re guaranteed interest, and many have no monthly fee or account minimums. If you only have $10 in your account, that’s a 30% monthly fee. You can double-dip with credit card cashback rewards AND investment contributions from Acorn’s partners. No minimum to openThis can often be a barrier for new investors, as they only have a little money to invest. Compared to other apps, xcritical fees are super high for small balances. xcritical is hugely popular with millennials but they’re not the only investing app out there.
