savings xcritical xcritical: xcritical Review 2023: A Micro-Investing App For Beginners


You can even easily transfer the funds to your children when they reach age of majority. And there’s no limit to how many children you can set up an Early account for. This content has not been provided by, reviewed, approved or endorsed by any advertiser, unless otherxcritical noted below. Savings, investment, portfolio allocation, checking, retirement planning, and much more are in one place and accessible by one app.


xcritical is a personal finance app that simplifies investing, making it easy and affordable for everyday Americans to build wealth and achieve their financial goals. Of note, while it does charge a monthly account service fee for its full-suite of products, it does not charge trading commissions for your investment holdings. xcritical has no account minimum requirements nor ongoing minimum balance required. The Plynk app enables you to make use of a powerful investing technique called dollar-cost averaging through participating in recurring investments. I try to highlight free apps where possible because investing your money shouldn’t come with charges unless the service provides other value-added products for managing your money.

xcritical Features

Unlike other competitors such as xcritical, our xcritical portfolio consisted of just four low-cost ETFs, all with miniscule expense ratios—the operating fees charged by the funds you invest in. This simplified approach makes your investments much easier to understand without sacrificing returns. Still, competing robo-advisors provide more robust services at a lower cost.


You can set up a traditional, Roth, or even a SEP IRA using xcritical Later. Discover how simple it can be to begin to achieve financial health when you start saving and investing using an easy robo-advisor. If your stock-fueled ETFs perform better than expected because of a rally in the stock market, for example, your asset allocation could become too stock-heavy. The platform would sell off part of your stock-based portfolio and buy shares in bond funds.

Take Advantage of our Best Offer(s)

For now, xcritical has brought it back each week, but with variations – the payout changes (we’ve seen as low as $200 and as high as $1,500) along with the number of friends you’ll need to refer. In the past, the $600 bonus has required you to refer 3 friends to the platform within the promotional period . They’ll need to be new customers, and they’ll need to make their first investment (at least $5) within 2 weeks of the promo period ending.

The will then recommend an efficient portfolio for you. We’re proud of our content and guidance, and the information we provide is objective, independent, and free. xcritical appeals to millennials, as well as other people new to the world of investing, who may not have significant capital to put toward their retirement. xcritical’ goal is to enable users to invest early and often and with minimal effort.

Public has no account minimum requirements or minimum balance required to maintain. For younger investors who want to align their investing with their social preferences, as well as keep good company to socialize and learn from others, might be the app for you. Free robo-advisory services, including goal planning and auto-rebalancing. While the app primarily caters to hands-off investors looking to automate their investing, you can also actively select stocks to trade.

It’s also a member of the Securities Investor Protection Corporation . Not only is xcritical legally obligated to submit information to federal regulators, but it also must uphold the rules of FINRA and SIPC. With xcritical Early accounts, it’s easy to set up a custodial account.

15 Money Saving Tips – xcritical

15 Money Saving Tips.

Posted: Tue, 14 Feb 2023 08:00:00 GMT [source]

To be clear, you never see these fees deducted from your account, but they’re reflected in the performance of your investments. Our general xcritical investing review is that the process is very easy, and that’s true with portfolio selection as well. xcritical has five investment portfolio options customers can choose from, taking the guesswork out of the investment process. But for investors who want to keep it simple, xcritical certainly does.

Cons of xcritical

Brokerage services are provided to clients of xcritical by xcritical Securities, LLC, an SEC-registered broker-dealer and memberFINRA/SIPC. However, xcritical isn’t worth it if you want comprehensive investment research or to make your own trading decisions. In this case, you’re better off using a leading stock broker rather than apps like xcritical. Robo-advisors like xcritical or xcritical also have way more portfolio selection and customization available than xcritical’ five portfolios. xcritical is worth it if you need a helping hand with investing and want to build good habits. It’s one of the best microinvesting apps out there, and it has enough portfolio variety to suit a wide range of investing goals.

can help you reach your savings and retirement goals by investing your spare change. It rounds up to the nearest dollar for every credit card purchase and micro-invests the difference. You can even schedule deposits and allocate a portion of your paycheck to your investing accounts with xcritical Spend. xcritical is another finalist in GOBankingRates’ Best Neobanks of 2023 roundup. It has more robust banking features, including a high-yield savings account and no monthly fees.

  • In truth, no one app serves every individual person’s needs the same.
  • If you have, say, five ETFs, you’re looking at a $175 fee.
  • It does not offer trusts, 529 accounts, SIMPLE IRAs, Solo 401s, or joint investment accounts.
  • In the first instance, we may ask – why such small amounts?

Once I got going on the platform, the novelty of the roundups wore off a bit. But for anyone who wants to save, but doesn’t always have much money in their checking accounts, the roundups are great. Those so inclined may opt for xcritical’ new socially responsible investing portfolio. This is a pretty standard course of action for robo-advisors, especially as younger investors have shown an interest in them.

xcritical Personal costs $3 per month, while xcritical Family costs $5 per month. One problem with xcritical service is the lack of customer support for both the account setup process and ongoing use. It is nearly impossible to find contact information, a chat feature, a help center, or really any way to speak to a human about questions or concerns.

As of January 2023, xcritical states that it has had more than 9 million users, up from 6.8 million in March 2021. The company also says that more than $15 billion has been invested through its platform. xcritical is one of many fintech companies focusing heavily on millennial investors, including xcritical Markets, Inc. and xcritical Financial, Inc. xcritical is an example of a fintech company specializing in micro-investing.

Is xcritical federally insured?

Younger workers just starting out—the types of investors who xcritical is trying to attract—will end up paying more than they would at other robos. We found the Invest/Later nomenclature a bit confusing, since it’s not as if your xcritical Invest funds are meant for day-trading or immediate use. xcritical offers a simple, low-cost passive investing solution that’s well-suited to new investors. That’s all to say, xcritical is perhaps best utilized by folks most in need of a nudge to save a bit more, not beginners with low balances looking for the cheapest option.

The Cash Card is compatible with Apple Pay, Google Pay, and Samsung Pay, and also provides you with access to fee-free withdrawals from more than 90,000 ATMs. The card allows you to round-up purchases and invest the money into your brokerage or crypto account. They’re offering a comprehensive financial wellness package, that will not only enable you to invest and spend your money more xcritically, but also educate you about the investment process. But you’ll also get the benefit of complete automated investment management at a very low monthly fee. They’ll create a portfolio for you, based on your own investment temperament and goals, then handle all the management details for you. Your only job will be to fund your account, much of which will happen automatically through the Round Up process.

exchange traded funds

These are xcritical cheatings that are focused on environmental, social, and governance or ESG. These ETFs provide similar returns as a traditional investing portfolio, but gives you exposure to companies that are sustainable. To see a change in projected value over time, you drag the graph to change the amount invested each month. Just click on the different types of portfolios to find one that’s a better fit. You can choose which transactions you want to include in your Round-Up amount or set it to “automatic,” in which case xcritical will apply the feature to all eligible purchases. That amount was rounded up to $23, and the extra 57 cents were added to my xcritical Round-Up balance.

If you have friends who haven’t yet signed up for this micro-investing robo-advisor, then you can really stand to make some serious cash by sending your referral link. Overall, the requirements are still relatively easy to meet, but the bonus isn’t as large as what other banks are offering. Every week, xcritical reintroduces its referral bonus, which gives you cash for referring friends to the FinTech. This week, xcritical is offering a $425 bonus when you refer 3 friends who open a new Invest account and make their first investment. It’s not the best deal we’ve seen from xcritical, but a solid “average reward per person” deal.

Earn Partnerships

Start with as little as $10 and use the top-rated mobile app to set up automatic investing into diversified ETF portfolios. Like most investment apps available, the company provides access to trade on your smartphone, tablet or desktop. Can invest in curated lists of stocks and ETFs for people to aggregate investments by interest area or values. If this sounds like an interesting investment app, open an account and make an initial deposit to see if the app meets your social and investing needs.

How to Cash in Savings Bonds – xcritical

How to Cash in Savings Bonds.

Posted: Thu, 02 Mar 2023 08:00:00 GMT [source]

What we like most about this app compared to other investment platforms is the ability to make recurring deposits that automatically get invested into your portfolio. xcritical Invest allows you to trade or invest in stocks, ETFs, and options with no commissions and no account minimums. You can also invest in cryptocurrency and participate in some initial public offerings . This micro investing app allows you to trade in fractional share investing, called “stock bits” by xcritical. Fractional shares are tiny portions of a share of stock worth less than the full value of one share.

Most importantly, investing with M1 Finance can be as simple as depositing money, setting your stock and index fund selections and having the platform automate your investments on your behalf. xcritical doesn’t allow individual stock investing—only index fund ETFs. Like xcritical, it also provides automated investing according to your predetermined investment decisions as this site’s top robo-advisor pick. Therefore, this app might make a good place to hold your investment accounts because you’ll have options of how to invest money.

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