Acorns vs E*TRADE

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 E*TRADE? 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 E*TRADE offers stock trades at $0 per trade. There is a $500 minimum deposit, no maintenance fee and no inactivity fee.

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

		E*TRADERobinhoodWebullTradeStation
	Visit Site	Learn More
	Acorns	E*TRADE
	SPECIAL OFFER $20 Investment Bonus - Learn More Read Acorns Review	SPECIAL OFFER Learn more about E*TRADE - Learn More Read E*TRADE Review
	Benefits and Features
Savings	No
Stock Trading	Part of service fee. No add-on trading fees.	$0 per trade
Options Trading	No	$0 per trade + $0.65 per contract $0 per trade + $0.50 per contract if you make 30+ trades a quarter
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 for self-directed brokerage accounts; Managed portfolios start at $500 minimum
Checking	Yes
Mutual Fund Trading	No	$0 for no-load, no-transaction-fee funds; $19.99 for transaction-fee funds
Commission Free ETFs	A selection automatically chosen by Acorns	250+
Phone Support	Yes
Live Chat Support	No
Email Support	Yes
Human Advisors	No
Robo Advisor	Yes
Assets Under Management	$4.7 Billion
Penny Stocks
Tax Loss Harvesting	No
Goal Tracker	Yes
Automatic Deposits	Yes
Broker Assisted Trades	Acorns automatically invest and trade for you	$25 + 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	$0
Maintenance Fee	Monthly fee for the service	$0
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.	Checking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions.
Mobile App	Yes
Desktop App		E*TRADE Pro (requires you to execute at least 30 trades during a calendar quarter or maintain brokerage account balance of at least $250,000)
Two-Factor Authentication	Yes
Futures Trading		$1.50 per contract, per side + fees (excluding bitcoin futures)
Customer Service		800-387-2331
Locations	No
Online Community	No
Seminars	No
Virtual Trading	No	Yes
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
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: Expansive set of resources and tools Easy to use website Industry leader Cons: Trade fees
Bottom Line	Investment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review	Online broker with one of the best user interfaces... Read full review
	Visit Site	Learn More
	$20 Investment Bonus Try Acorns Today! Acorns Invest: Invest Spare Change	Learn more about E*TRADE E*TRADE Account - Up to $4,000 Bonus E*TRADE Account - Up to $2,500 Bonus
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. E*TRADE: Pricing information from published website as of 01/04/2024.

$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 E*TRADE?

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

Articles on Acorns

Acorns

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

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 E*TRADE

ETrade

E*TRADE is a highly well-known name, but does that mean it is better than its competitors? Read our in-depth review and see how it compares.

• E*TRADE vs Webull
• E*TRADE vs TradeStation

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.

You Might Also Like

How to Get Free Stocks

Discover 15+ platforms offering free stocks and bonuses - a fortune isn't essential.

Best Investment Accounts

Looking to open an investment account? In this list, review the best investment accounts to choose from and how to pick the right one for you.

Robinhood Alternatives

Looking for apps like Robinhood but with a twist? Find the best alternatives with superior features. Do better in online trading with these apps.

Small Investments That Make Money

You don't need to be rich to start investing. Here are 15 easy ways to invest small amounts of money.

How to Invest Money

Invest smartly, even if you're new to the game. Discover how to begin investing in stocks and real estate with little money.

Free Stock Trading App

Looking for the best stock trading apps for free? Elevate your investment game with these top choices.

Best Investment Apps

There are a ton of investing apps to help you get started. But which ones will fit your investing style? Read on to find out.

Robinhood Review

Robinhood lets you trade stocks commission-free and has no account minimums. Is it safe? Are there hidden fees? Read on for the pros and cons.

How to Start Investing

You can start investing with little money. Here's how beginners can get into stocks and real estate for the first time.

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.