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Acorns vs Robinhood

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 Robinhood? 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 is waived for college students. Otherwise, the fee starts at $1/month for accounts under $5,000. There is no minimum to open.

While Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $6/month.

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

 

Acorns

Robinhood

 

Benefits and Features

Stock TradingPart of service fee: Free for college students for 4 years, $1/month for accounts under $5,000, and 0.25%/year over $5,000. No add-on trading fees.
$0
Annual FeeFree for college students for 4 years, $1/month for accounts under $5,000, and .25% per year over $5,000 
Minimum Deposit$0 for basic Digital account; $50,000 for Premium account
$0
Commission Free ETFs all U.S. listed ETFs
Phone Support
Yes
 
Live Chat Support
No
 
Email Support
Yes
 
Human Advisors
No
 
Assets Under Management
$528 Million
 
Tax Loss Harvesting
No
 
Goal Tracker
Yes
 
Automatic Deposits
Yes
 
Broker Assisted Trades 
$10
Customer Service 
Monday-Friday 9am - 6pm ET
Inactivity Fee 
$0
Maintenance Fee 
$0
Online Platform
Yes
 
iPhone App
Yes
 
Android App
Yes
 
BankingAcorns Spend checking account comes with a debit card and has no minimum balance requirement, no overdraft fees, and unlimited free or fee-reimbursed ATMs nationwide. $3/mo for Acorns + Acorns Later + Acorns Spend.
No
Mobile App
Yes
Yes
Desktop App 
Yes
Locations 
No
Online Community 
No
Seminars 
No
Virtual Trading 
No
Single Stock Diversification
No
 
Fractional Shares
Yes
 
Taxable Accounts
Yes
 
401k Plans
No
 
IRA Accounts
No
 
Roth IRA Accounts
No
 
SEP IRA Accounts
No
 
Trust Accounts
No
 
529 Plans
No
 
 

CreditDonkey® Reviews

Annual Fee
Minimum Deposit
Customer Service
Stock Trading
Options Trading
Mobile App
Commissions and Fees
Ease of Use
Research
Pros & ConsPros:
  • No minimum investment
  • Invest with spare change
  • Free for college students
Cons:
  • Fees are high for small balances
  • No tax benefits
  • Limited investment options
Pros:
  • Commission-free stock trading on a mobile platform
  • No minimum investment required
Cons:
  • No retirement accounts
  • Limited research
  • No bond trading
  • No mutual fund trading
Bottom LineInvestment app that automatically invests your spare change. Good for young investors to get into the habit... Read full reviewFree option to trade stocks with limited bells and whistles for investors... Read full review

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 04/04/2018

Robinhood: Pricing information from published websites as of 4/24/2018

Which is Better: Acorns or Robinhood?

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


Explore Acorns In-Depth


Explore Robinhood In-Depth


Which Do You Think is Best?


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