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.
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Acorns | Fidelity | |
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$10 Investment Bonus - | Commission-Free Trading - Online Stock, ETF and Option Trades - | |
Benefits and Features | ||
Savings | ||
Stock Trading | Part of service fee. No add-on trading fees. | |
Options Trading | $0 per online trade, plus $0.65 per contract | |
Annual Fee |
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Cryptocurrency Trading | ||
Minimum Deposit | ||
Checking | ||
Mutual Fund Trading |
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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 | ||
Live Chat Support | ||
Email Support | ||
Human Advisors | Optional coaching or investment management with human advisors (for added fees) | |
Robo Advisor | Optional Fidelity Go robo-advisory service | |
Assets Under Management | ||
Tax Loss Harvesting | ||
Goal Tracker | ||
Automatic Deposits | ||
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 | |
Maintenance Fee | ||
Online Platform | Yes (access to Active Trader Pro is available to those who trade 36 times or more in a rolling 12 month period) | |
iPhone App | ||
Android App | ||
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 | ![]() | |
Two-Factor Authentication | ||
Locations | ||
Online Community | ||
Seminars | Yes, frequent webinars and courses for beginners | |
Virtual Trading | ||
Fractional Shares | ||
Taxable Accounts | ||
401k Plans | ||
IRA Accounts | ||
Roth IRA Accounts | ||
SEP IRA Accounts | ||
Trust Accounts | ||
529 Plans | ||
CreditDonkey® Reviews | ||
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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:
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Bottom Line | Investment app that automatically invests your spare change. Good for young investors to get into the habit... | Comprehensive online broker with in-depth research... |
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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
- 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
- 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
Is Acorns Legit or Safe
How to Make Money Using Acorns
Articles on Fidelity
Fidelity
Comments
Olivia Tabor from Texas
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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