If you're on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience.
FutureMoney might be for you if you want to give your kids a head start on saving and investing. The platform aims to make it easy and affordable for every parent to start investing for their children. Read our full FutureMoney review for all of the details.
On Secure Website.
FutureMoney is an app-focused platform that is designed to help families invest for their children. The idea is that by starting very early in their lives, it will give your childrens' investments several decades to grow and compound. While this isn't a full-featured broker, it can be a solid choice for parents who want a platform that can help walk them through the ins and outs of investing for minor children.
$0 to $4 monthly subscription for accounts below $20,000
$1
On Secure Website.
We recommend comparing brokerage options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of our best trading platforms of 2025.
| Broker | Best For | Commissions | Learn More |
|---|---|---|---|
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor |
Low-cost investing with a full-featured platform | $0 stock, ETF, and Schwab Mutual Fund OneSource® trades. No fees to buy fractional shares. |
Learn More for Charles Schwab
On Charles Schwab's Secure Website. |
4.5/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor |
Managing your finances under one roof | $0 for stocks, $0 for options contracts |
Learn More for SoFi Active Investing
On SoFi Active Investing's Secure Website. |
5.0/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor |
Full-service investing at every experience level | $0 commission for online U.S. stock and ETFs*. No account fees****. |
Learn More for Fidelity
On Fidelity's Secure Website. |
FutureMoney isn't a full-service online broker, but is focused on a single niche. It offers an app-based platform that is designed to help parents invest money on behalf of their children.
At Motley Fool Money, brokerages are rated on a scale of one to five stars. We primarily focus on fees, available assets, and user experience; however, we also take into account features like research, education, tax-loss harvesting, and customer service. Our highest-rated brokerages generally include low fees, a diverse range of assets and account types, and useful platform features.
See our full methodology here: Ratings Methodology
I've been an investor for more than 20 years, having opened my first online brokerage account in college when the concept of an online broker was just starting to emerge. I'm also a parent, and invest on behalf of both of my young children in 529 plans, as well as in custodial accounts. When it comes to investing for my children, my priorities are low costs and ease of use, as well as the ability to automate as much as possible.
FutureMoney is an app-based platform that offers ways for parents to invest for their children. It isn't a full-featured online broker, so it doesn't offer a wide variety of investments.
TIP
FutureMoney offers what it calls a "Junior Roth IRA" account, which isn't technically a type of investment account. Instead, it takes advantage of a relatively new rule that allows rollovers from 529 college savings accounts to Roth IRAs after the account has been open for at least 15 years, essentially allowing parents to use the tax-advantaged nature of Roth IRA investing on behalf of their children, from as early as birth.
This can be a big benefit -- usually you need to earn income to contribute to a Roth IRA, but since the FutureMoney contributions are technically being made to a 529 plan, it gets around this rule.
FutureMoney has two different pricing structures, one of which applies to accounts with less than $20,000, and another that applies to accounts with more than $20,000. Smaller-balance accounts have a flat-fee structure, while larger accounts pay a more traditional percentage-based management fee.
| Reason | Cost |
|---|---|
| Under $20,000 in account, family income is below $30,000 | No fees |
| Under $20,000 in account, family income is between $30,000 and $50,000. | $2 per month |
| Under $20,000 in account, family income is $50,000 or more | $4 per month |
| Account balance over $20,000 | 0.25% annual management fee |
FutureMoney uses 529 plans and Roth IRAs, neither of which are designed for margin investing. Because of this, there are no margin rates involved with FutureMoney investments.
Because it is designed for passive investing, FutureMoney doesn't offer stock research or any other tools brokers commonly offer to active investors. However, it has valuable educational resources, such as a free investment class for parents who want to learn more about investing for their kids.
FutureMoney is an app-based platform, and has an easy-to-use interface. Users download the app, answer a few questions about their goals, and set up their investment contributions.
It is designed to require minimal effort on the part of the parents, and FutureMoney automates the actual investment process. The interface makes it easy to track progress of investments, view and initiate deposits and withdrawals, and to invite family members to contribute gifts to your child's investments.
FutureMoney's trading app is available in both iOS and Android formats. It is a relatively new app, launched in May 2024, so it doesn't have as many customer ratings as others we've reviewed.
However, the early results are strong. FutureMoney holds a 4.7 out of 5 star rating in the Apple App Store and a 4.8 out of 5 star average rating in the Google Play Store.
So far, the general reviews have been very positive. Many users specifically cite how easy the app is to use, and the straightforward pricing is mentioned in several reviews as well.
At this time, there is only one way to contact FutureMoney's customer support:
FutureMoney's security is on par with other app-based passive investing tools. Money in the accounts is technically invested through a registered broker-dealer (Atomic Brokerage), and are covered by SIPC protection in the unlikely event of the broker's failure.
FutureMoney claims to have industry-leading security in place to keep money safe, and users' information protected.
FutureMoney was developed by financial industry veterans who noticed that parents wanting an accessible place to invest for their children was an underserved market opportunity.
The platform launched in app-based form in May 2024, and is designed to be an easy-to-use platform to set up automated deposits, invest in appropriate portfolios automatically, and to optimize investments for taxes.
Fidelity disclosure
Investing involves risk, including risk of loss
* - $0.00 commission applies to online U.S. equity trades and exchange-traded funds (ETFs) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (historically from $0.01 to $0.03 per $1,000 of principal). Other exclusions and conditions may apply. A limited number of ETFs are subject to a transaction-based service fee of $100. See full list at Fidelity.com/commissions. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Institutional® are subject to different commission schedules.
**Fidelity Crypto® is offered by Fidelity Digital Assets®. Investing involves risk, including risk of total loss. Crypto as an asset class is highly volatile, can become illiquid at any time, and is for investors with a high risk tolerance. Crypto may also be more susceptible to market manipulation than securities. Crypto is not insured by the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation. Investors in crypto do not benefit from the same regulatory protections applicable to registered securities. Fidelity Crypto® accounts and custody and trading of crypto in such accounts are provided by Fidelity Digital Asset Services, LLC, which is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business (NMLS ID 1773897). Brokerage services in support of securities trading are provided by Fidelity Brokerage Services LLC (“FBS”), and related custody services are provided by National Financial Services LLC (“NFS”), each a registered broker-dealer and member NYSE and SIPC. Neither FBS nor NFS offer crypto as a direct investment nor provide trading or custody services for such assets. Fidelity Crypto and Fidelity Digital Assets are registered service marks of FMR LLC.
***Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.
****Zero account minimums and zero account fees apply to retail brokerage accounts only. Expenses charged by investments (e.g., funds, managed accounts, and certain HSAs) and commissions, interest charges, or other expenses for transactions may still apply. See Fidelity.com/commissions for further details.
