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Acorns vs Fidelity

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 Fidelity? 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 Fidelity offers stock trades at $0 per trade and more than 180 branch locations. There is no minimum deposit.

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

 Acorns
 Visit SiteLearn More
 

Acorns

Fidelity

SPECIAL OFFER
$10 Investment Bonus - Learn More

Read Acorns Review

SPECIAL OFFER
Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More

Read Fidelity Review

 

Benefits and Features

Savings
No
 
Stock TradingPart of service fee. No add-on trading fees.
$0 per trade
Options Trading
No
$0 per online trade, plus $0.65 per contract
Annual Fee
  • $3/mo for Acorns Personal (includes personal taxable account, IRA, and checking account)
  • $5/mo for Acorns Family (includes everything in Personal plus investment accounts for kids)
None
Cryptocurrency Trading
No
No
Minimum Deposit
$0
$0
Checking
Yes
 
Mutual Fund Trading
No
  • $0 transaction fee for Fidelity funds
  • $0 on purchase for NTF (no transaction fee) non-Fidelity funds. ($49.95 on redemption if held less than 60 days)
  • $49.95 on purchase for non-Fidelity funds; $0 on redemption. (Certain funds may have a $75 transaction fee).
Commission Free ETFsA selection automatically chosen by Acorns357 including 28 Fidelity factor, sector, stock, and bond ETFs and 329 iShares® ETFs
Phone Support
Yes
(800) 343-3548; available 24/7
Live Chat Support
No
No
Email Support
Yes
Yes
Human Advisors
No
Optional coaching or investment management with human advisors (for added fees)
Robo Advisor
Yes
Optional Fidelity Go robo-advisory service
Assets Under Management
$4.7 Billion
$4.9 Trillion
Tax Loss Harvesting
No
No
Goal Tracker
Yes
Yes
Automatic Deposits
Yes
Yes
Broker Assisted TradesAcorns automatically invest and trade for you$32.95 per trade for representative-assisted trades.
Good ForBeginners; Passive investors; Those who have trouble saving/investing on their ownMore experienced DIY investors; Mutual fund investors
Inactivity FeeNone, but you will keep paying the monthly fee
$0
Maintenance Fee
Monthly fee for the service
$0 account service fee
Online Platform
Yes
Yes (access to Active Trader Pro is available to those who trade 36 times or more in a rolling 12 month period)
iPhone App
Yes (4.7 stars, 760k ratings)
Yes (4.8 stars, 1.7m ratings)
Android App
Yes (4.3 stars, 156k ratings)
Yes (4.5 stars, 97k ratings)
BankingIncluded in Acorns Personal ($3/mo). Free metal debit card, no minimum balance, no overdraft fees, and 55,000+ fee-free ATMs nationwide.Fidelity Cash Management Account includes reimbursed ATM fees, no monthly fee, no minimum balance requirement, FDIC insurance, mobile check deposit, free billpay and free checkwriting.
Mobile App
Yes
Check
Two-Factor Authentication
Yes
Yes
Locations
No
More than 180
Online Community
No
Yes, it has an investor forum
Seminars
No
Yes, frequent webinars and courses for beginners
Virtual Trading
No
No
Fractional Shares
Yes
Yes
Taxable Accounts
Yes
Yes
401k Plans
No
Yes
IRA Accounts
Yes
Yes
Roth IRA Accounts
Yes
Yes
SEP IRA Accounts
Yes
Yes
Trust Accounts
No
Yes
529 Plans
No
Yes
 

CreditDonkey® Reviews

 Acorns
Annual FeeStarStarStarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStar
Customer ServiceStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarEmpty Star
Ease of UseStarStarStarStarStar
Stock TradingStarStarStarStarEmpty Star
Options TradingStarStarStarStarEmpty Star
Mutual Fund TradingStarStarStarStarHalf Star
BankingStarStarStarStarStar
Commissions and FeesStarStarStarStarEmpty Star
ResearchStarStarStarStarStar
Pros & ConsPros:
  • No minimum investment
  • Invest with spare change
  • Cash-back program
Cons:
  • Fees are high for small balances
  • No tax benefits
  • Limited investment options
Pros:
  • Research reports
  • Beginner-friendly tools
  • Mobile app
Cons:
  • Restricted platform
Bottom LineInvestment app that automatically invests your spare change. Good for young investors to get into the habit... Read full reviewComprehensive online broker with in-depth research... 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.

Fidelity: Pricing information from published website as of 12/05/2020.

Acorns

$10 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
Acorns

$5 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 Fidelity?

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


Articles on Acorns

Acorn App Review

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 or Safe

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 Fidelity

Fidelity

Thinking of opening a brokerage account with Fidelity? There are many reasons to love Fidelity and a few reasons to think about going elsewhere.

Comments

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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