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Acorns vs AcreTrader

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 AcreTrader? Read our comparison chart below.

 Acorns
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Acorns

AcreTrader

SPECIAL OFFER
$20 Investment Bonus - Learn More

Read Acorns Review

 

Benefits and Features

Savings
No
 
Stock TradingPart of service fee. No add-on trading fees. 
Options Trading
No
 
Annual Fee
  • $3/mo for Acorns Personal (includes personal taxable account, IRA, and checking account)
  • $5/mo for Acorns Personal Plus (includes everything in Personal, emergency fund, and 25% match on rewards)
  • $9/mo Acorns Premium (includes everything in Personal Plus, investment accounts for kids, 50% match on rewards, custom portfolio, Trust & Will, $10K Life Insurance, and free GoHenry account)
0.75% management fee
Cryptocurrency Trading
No
 
Minimum Deposit
$0
$10,000 - $25,000 for most offerings
Checking
Yes
 
Mutual Fund Trading
No
 
Commission Free ETFsA selection automatically chosen by Acorns 
Phone Support
Yes
Yes
Live Chat Support
No
No
Email Support
Yes
Yes
Investment Types 
Farmland
Human Advisors
No
 
Robo Advisor
Yes
 
Accredited Investor Requirements 
Accredited investors only
Assets Under Management
$4.7 Billion
 
Tax Loss Harvesting
No
 
Goal Tracker
Yes
 
Automatic Deposits
Yes
 
Broker Assisted TradesAcorns automatically invest and trade for you 
Good ForBeginners; Passive investors; Those who have trouble saving/investing on their own 
Inactivity FeeNone, 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)
 
BankingIncluded in Acorns Personal ($3/mo). Free metal debit card, no minimum balance, no overdraft fees, and 55,000+ fee-free ATMs nationwide. 
Mobile App
Yes
 
Two-Factor Authentication
Yes
 
Dividends Cash dividends are paid each December
Investment Period 
5 - 20 years
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

 Acorns
Annual FeeStarStarStarEmpty StarEmpty StarStarStarStarStarHalf Star
Minimum DepositStarStarStarStarStarStarStarEmpty StarEmpty StarEmpty Star
Mobile AppStarStarStarStarHalf Star
Customer ServiceStarStarStarEmpty StarEmpty StarStarStarStarStarHalf Star
Ease of UseStarStarStarStarStarStarStarStarStarHalf Star
LiquidityStarEmpty StarEmpty StarEmpty StarEmpty Star
Pros & ConsPros:
  • 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 fees
  • Strong underwriting
  • Low historical volatility
Cons:
  • Accredited investors only
  • At least $10,000 minimum
  • 5-20 year investment
Bottom LineInvestment app that automatically invests your spare change. Good for young investors to get into the habit... Read full reviewPlatform offering alternative investments in farmland with steady returns... 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 09/28/2020.

Acorns

$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

Which is Better: Acorns or AcreTrader?

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' minimum deposit is outstanding. AcreTrader's annual fee and customer service are worth mentioning.


Articles on Acorns

Acorn Investing

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

Is Acorns Legit

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 AcreTrader

AcreTrader

AcreTrader offers passive investment in farmland. While this is a safer investment with steady returns, it won't be for everyone. Read on.

Comments

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