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Robinhood vs Acorns

Robinhood is a free option to trade stocks with limited bells and whistles. How does it compare to Acorns? Read our comparison chart below.

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.

While 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.

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

 Acorns
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Robinhood

Acorns

SPECIAL OFFER
Invite Friends, Get Free Stocks - Learn More

Read Robinhood Review

SPECIAL OFFER
$10 Sign-Up Bonus - Learn More

Read Acorns Review

 

Benefits and Features

Stock Trading
$0
Part of service fee. Free for college students for 4 years. No add-on trading fees.
Annual Fee Free 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 ETFsall 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
Banking
No
Acorns 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.
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
Stock Trading
Options Trading
Mobile App
Commissions and Fees
Ease of Use
Research
Annual Fee
Minimum Deposit
Customer Service
Pros & ConsPros:
  • Commission-free trades
  • No minimum
Cons:
  • No IRAs
  • Limited research
  • No mutual funds & bonds
Pros:
  • No minimum investment
  • Invest with spare change
  • Free for college students
Cons:
  • Fees are high for small balances
  • No tax benefits
  • Limited investment options
Bottom LineFree option to trade stocks with limited bells and whistles... Read full reviewInvestment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review
 Learn MoreVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

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

Acorns: Pricing information from published website as of 07/11/2019.

Which is Better: Robinhood or Acorns?

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


Articles on Robinhood


Articles on Acorns

    Acorns Investing

    Acorns automatically invests your spare change, so you can invest without thinking. It's great for novice investors, but there are downsides. Read on.

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.


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