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.

		FidelityStashRobinhood
	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 Trading	Part 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 ETFs	A selection automatically chosen by Acorns	357 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 Trades	Acorns automatically invest and trade for you	$32.95 per trade for representative-assisted trades.
Good For	Beginners; Passive investors; Those who have trouble saving/investing on their own	More experienced DIY investors; Mutual fund investors
Inactivity Fee	None, 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)
Banking	Included 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
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
Annual Fee
Minimum Deposit
Customer Service
Mobile App
Ease of Use
Stock Trading
Options Trading
Mutual Fund Trading
Banking
Commissions and Fees
Research
Pros & Cons	Pros: 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 Line	Investment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review	Comprehensive online broker with in-depth research... Read full review
	$10 Investment Bonus $5 Investment Bonus Try Acorns Today!	Cash Management Account Commission-Free Trading - Online Stock, ETF and Option Trades Deposit $50 and Earn $100
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.

$10 Investment Bonus

Get $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

$5 Investment Bonus

Get $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

Try Acorns Today!

Get Deal

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.

• Acorns vs Stash
• Acorns vs Betterment
• Acorns vs Robinhood

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

• 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.

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