CreditDonkey is a stock broker comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†






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
 Visit SiteLearn More
 

Acorns

Robinhood

SPECIAL OFFER
$10 Sign-Up Bonus - Learn More

Read Acorns Review

SPECIAL OFFER
Invite Friends, Get Free Stocks - Learn More

Read Robinhood Review

 

Benefits and Features

Stock TradingPart of service fee. Free for college students for 4 years. No add-on trading fees.
$0
Annual FeeFree for college students; $1/mo for Acorns; $2/mo for Acorns + Acorns Later; $3/mo for Acorns + Acorns Later + Acorns Spend 
Minimum Deposit
$0
$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
$1 Billion
 
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
Yes
 
Roth IRA Accounts
Yes
 
SEP IRA Accounts
Yes
 
Trust Accounts
No
 
529 Plans
No
 
 

CreditDonkey® Reviews

 Acorns
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 trades
  • No minimum
Cons:
  • No IRAs
  • Limited research
  • No mutual funds & bonds
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... Read full review
 Visit SiteLearn More

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 07/11/2019.

Robinhood: Pricing information from published websites as of 11/11/2019.

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.


Articles on Acorns


Articles on Robinhood


Comments

  • Olivia Tabor
    on April 9, 2019 7:02 AM 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.


You Might Also Like

    Best Investment Apps for Beginners

    Looking to start investing? You can begin with as little as $5. Check out these cheap (or free) apps for new investors.

    Best Investment Apps

    Investment apps let beginners (even college students) manage stocks and ETFs from your phone. Find out how Acorns, Stash, Robinhood and more compare.

    Stash Invest Review: Is It Legit?

    Worried that investing is too expensive or overwhelming? You aren't alone. But Stash claims that with just $5, you can start investing confidently. Is it true?
    M1 Finance

    M1 Finance Review: Is It Safe?

    M1 Finance provides a hybrid robo-investing service with the ability to choose your own investments. Is it right for you? Read on for the pros and cons.
    Betterment

    Betterment Review: Pros and Cons

    Betterment offers low fees and good returns. But there are risks you should NOT ignore. Read this review to see if Betterment is better.

Compare Acorns to:


You might also be interested in

Rich Dad Poor Dad Review

You don't need to earn a high income to be rich. That's the moral of Kiyosaki's bestselling book. Is Rich Dad, Poor Dad worth reading? Find out in our review.

Compare Robinhood to:


Next Page:

About CreditDonkey®
CreditDonkey is a stock broker comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the card offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.