Acorns vs Ally Invest

Acorns is an investment app that automatically invests your spare change. Good for young investors to get into the habit. How does it compare to Ally Invest? Read our comparison chart below.

Acorns is geared towards young investors who have trouble saving. This investment app automatically rounds up and invests your spare change whenever you make a purchase. The service fee starts at $3/month for accounts. There is no minimum to open.

While Ally Invest (formerly TradeKing) offers stock trades at $0 per trade and options trading at $0 + $0.50 per contract. There is no minimum deposit.

Compare Acorns with Ally Invest, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

		Ally InvestRobinhood
	Visit Site	Learn More
	Acorns	Ally Invest
	SPECIAL OFFER $20 Investment Bonus - Learn More Read Acorns Review	SPECIAL OFFER Commission-Free Stock Trades - Learn More Read Ally Invest Review
	Benefits and Features
Savings	No
Stock Trading	Part of service fee. No add-on trading fees.	$0 per trade
Options Trading	No	$0 base + $0.50 per contract
Annual Fee	Acorns Personal ($3/mo) - includes personal taxable account, IRA, and checking account Acorns Personal Plus ($5/mo) - includes everything in Personal, emergency fund, and 25% match on rewards Acorns Premium ($9/mo) - includes everything in Personal Plus, investment accounts for kids, 50% match on rewards, custom portfolio, Trust & Will, $10K Life Insurance, and free GoHenry account
Cryptocurrency Trading	No
Minimum Deposit	$0	$0
Checking	Yes
Mutual Fund Trading	No	$0 to buy/sell load mutual funds $0 to buy/sell no load mutual funds
Commission Free ETFs	A selection automatically chosen by Acorns	500+
Phone Support	Yes
Live Chat Support	No
Email Support	Yes
Human Advisors	No
Robo Advisor	Yes
Assets Under Management	$4.7 Billion
Penny Stocks		$0.01 per share on the entire order for stocks priced less than $2.00.
Tax Loss Harvesting	No
Goal Tracker	Yes
Automatic Deposits	Yes
Broker Assisted Trades	Acorns automatically invest and trade for you	$20 + Regular Commission
Good For	Beginners; Passive investors; Those who have trouble saving/investing on their own
Inactivity Fee	None, but you will keep paying the monthly fee
Maintenance Fee	Monthly fee for the service
Online Platform	Yes
iPhone App	Yes (4.7 stars, 760k ratings)
Android App	Yes (4.3 stars, 156k ratings)
Banking	Included in Acorns Personal ($3/mo). Free metal debit card, no minimum balance, no overdraft fees, and 55,000+ fee-free ATMs nationwide.	Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.
Mobile App	Yes
Two-Factor Authentication	Yes
Forex Trading
Customer Service		(855) 880-2559
Locations	No
Online Community	No
Seminars	No
Virtual Trading	No
Fractional Shares	Yes
Taxable Accounts	Yes
401k Plans	No
IRA Accounts	Yes
Roth IRA Accounts	Yes
SEP IRA Accounts	Yes
Trust Accounts	No
529 Plans	No
	CreditDonkey® Reviews
Annual Fee
Minimum Deposit
Mobile App
Customer Service
Ease of Use
Stock Trading
Options Trading
Mutual Fund Trading
Banking
Commissions and Fees
Online Community
Research
Trading Platform
Pros & Cons	Pros: No minimum to open account Invest with spare change Cash-back program Cons: Fees are high for small balances No tax benefits Limited investment options	Pros: Low commission for stock trades No account minimums Ally platform Cons: No physical locations
Bottom Line	Investment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review	Good low-price discount stock broker for savvy investors... Read full review
	Visit Site	Learn More
	$20 Investment Bonus Try Acorns Today! Acorns Invest: Invest Spare Change	Commission-Free Stock Trades Open an Ally Invest account Automated Investing to Help Save Your Time
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Acorns: Pricing information from published website as of 09/28/2020. Ally Invest: Pricing information from published website as of 04/01/2021.

$20 Investment Bonus

Get $20 Investment Bonus

• Open an Acorns account (new users only)
• Set up the Recurring Investments feature
• Have your first investment be made successfully via the Recurring Investments feature

Try Acorns Today!

Get Deal

Acorns Invest: Invest Spare Change

Automatically Save and Invest

Which is Better: Acorns or Ally Invest?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Acorns or Robinhood.

In short: Acorns' mobile app and ease of use are notable. In particular, the ease of use is outstanding.

Articles on Acorns

Acorns App Review

Acorns automatically invests your spare change. But can it help make you money? Find out if this app is safe and legit.

• Acorns vs Stash
• Acorns vs Betterment
• Acorns vs Robinhood

Is Acorns Legit or Safe

Acorns lets you invest spare change from every purchase. But is it safe to use? Learn just how secure the micro-investing app is.

How to Make Money Using Acorns

Acorns "rounds up" everyday purchases and invests it for you. What's the catch? Read this review to find out how to make money using the app.

Articles on Ally Invest

Ally Brokerage

Ally Invest offers free trades for stocks and ETFs. But is it good? Find out how it compares to other online brokers.

Is Ally Invest Good For Beginners

Ally Invest is a popular fee-free online brokerage. Is it good for beginners? Read on.

Ally Invest Roth IRA

Ally Invest's Roth IRA account has no annual fee and no commission trades. Is it right for your retirement funds? Read on to learn how Ally Invest Roth IRA accounts work.

Ally Invest Login

Ally Invest offers good customer service and online login access. The best way to connect with Ally Invest customer service may surprise you. Read on.

Comments

• Olivia Tabor from Texas
  on April 2019 said about Acorns:

  I have both Acorns and Robinhood and even though they each serve a different purpose I don't have the freedom of stock purchase that I really like. I believe Acorns diversifies for my needs more effectively.

Comments may be filtered for language. CreditDonkey makes no guarantee of comments' factual accuracy. These responses are not provided or commissioned by bank advertisers. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Visitors may report inappropriate content by clicking the Contact Us link.

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